Is it real?
Yes. Revoked May 2020, reinstated. IRS ruling Apr 2021, per the IRS master file. Latest filing on record: FY2024. IRS ruling in Apr 2021.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
89 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
4 people listed on the 990; $61K paid to officers and key staff.
Jipsy Reyes’s $52K as President is at the 43rd percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 |
|---|---|---|
| Jipsy Reyes | $51,822 | $42,206 |
| Natalia Perez | — | $18,731 |
| Wilfredo Reyes | $14,820 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
- Loans to or from officersSch L · Pt II2 listed
Programs and updates
Develops academic excellence and Christian principles to empower individuals as community assets and transform nations.
Questions for Changing Lives Academy INC
Your first name shows with your question. Changing Lives Academy INC answers here, for everyone.
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To develop academic excellence and principles to bestow their God-Given gifts, in order to be upstanding Assets to their community. And to transform the nations with the education of jesus christ. To provide multiple and diverse paths to educational success, challenging each learner at his or her academic level.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $20K | $82K |
| Land, buildings, equipmentLn 10c | $5K | $3K |
| Total assetsLn 16 | $26K | $84K |
| LiabilitiesLn 26 | $224K | $297K |
| Net assetsLn 32 | −$198K | −$213K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $61K | $55K | $6K | |
| Other salaries and wagesLn 7 | $359K | $323K | $36K | |
| Payroll taxesLn 10 | $36K | $32K | $4K | |
| Legal feesLn 11b | $14K | $14K | ||
| Accounting feesLn 11c | $750 | $750 | ||
| Other fees for servicesLn 11g | $14K | $14K | ||
| Advertising and promotionLn 12 | $5K | $5K | $394 | |
| Office expensesLn 13 | $15K | $14K | $1K | |
| OccupancyLn 16 | $94K | $89K | $4K | |
| TravelLn 17 | $4K | $1K | $3K | |
| InterestLn 20 | $363 | $338 | $25 | |
| Depreciation, depletion and amortizationLn 22 | $3K | $3K | ||
| InsuranceLn 23 | $16K | $14K | $2K | |
| Other expenses (24a–d)Ln 24 | $62K | $57K | $5K | |
| All other expensesLn 24e | $111K | $103K | $9K | |
| Total functional expensesLn 25 | $796K | $710K | $86K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $773K | $788K | −$15K | −$228K | 990 PDF |
| FY2023 Viewing | $781K | $796K | −$15K | −$213K | 990 PDF |
| FY2022 | Not on file | ||||
| FY2021 | $645K | $624K | $21K | $5K | 990 PDF |
| FY2020 | $610K | $647K | −$37K | $8K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $780,729 revenue, 12 lines filed
Part VI · Governance 0 of 4 board members independent, 4 to look at
Part VIII · Statement of revenue $780,729 across 4 lines filed
Part IX · Statement of functional expenses $795,906 across 15 lines filed
Part X · Balance sheet $84,239 assets, 8 lines filed
Part XI · Reconciliation of net assets −$213,250 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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