Sphinx Academy INC EIN 47-3487919 Form 990 (PDF) Claim this org

Sphinx Academy INC

Not yet claimed Claim this org →

Educates students in grades 8 through 12. For fiscal year 2025 it reported $465K in revenue, $394K in expenses, and $127K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Lexington, KY
Website
www.sphinxacademy.org
Filings
5 on file (2021–2025)
Revenue
$465KFY2025
Expenses
$394K
Net assets
$127K
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-3487919 Public charity (501(c)(3)) Lexington, KY
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Sphinx Academy INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Educates students in grades 8 through 12.
Leadership
Jennifer Lincoln · Director of Education · $55K
Money in and out
$465K revenue, $394K expenses
Bottom line
74% program efficiency
Where the money goes · FY2025
Total revenue
$465K
Pt VIII · Ln 12
Total expenses
$394K
Pt IX · Ln 25
Net assets
$127K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $71K
Where spending went · Part IX cols B–D
Program services $0.74 Management & general $0.26
Program efficiency
74%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
3.8mo
months of highly liquid reserves at operating expense rate▲ +81% vs prior filing year
Surplus margin
+15%
revenue over expenses, this year▲ +170% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$465K
FY2025▲ +42%
Expenses
$394K
FY2025▼ -0.7%
Total assets
$142K
FY2025▲ +66%
Total liabilities
$15K
FY2025▼ -45%
Total revenue
$465K
Pt VIII · Ln 12
Total expenses
$394K
Pt IX · Ln 25
Net assets
$127K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$71K
Total assetsPt X · Ln 16$142K
Program-expense ratioPt IX · col B74%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSphinx Academy INC
EINHdr · item D47-3487919
Principal addressHdr · item CLexington, KY
WebsiteHdr · item Jwww.sphinxacademy.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MKY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B25)
Ruling yearIRS BMFJun 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director of Education
$54,615Pt VII · Sec A
Instructor
$45,000Pt VII · Sec A
Curriculum Dir/Instructor
$44,231Pt VII · Sec A
Instructor
$42,404Pt VII · Sec A
$35,337Pt VII · Sec A
$20,041Pt VII · Sec A
Instructor
$4,385Pt VII · Sec A
Business Manager
$750Pt VII · Sec A

Jennifer Lincoln’s $55K as Director of Education is at the 46th percentile of top reported officer pay among 1616 $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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Jennifer Lincoln$54,615$50,378$45,962$37,981$36,058
Arlo Barnette$45,000$45,000$35,129
Julia Saderholm$42,404$45,000$43,462
Wafaa Elghoroury$44,231$27,846$39,426$38,183$39,034
Luke Russell$4,385$38,000
Nancy Werner$3,756$37,981$35,865
Benjamin Saderholm$37,981$35,865
William Fritz$35,807

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.

See Sphinx Academy INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $293K of program spending, described in the organization's own filed words · FY2024.
01

Providing secondary level education required for obtaining a high school diploma according to the State of KY certification guidelines.

$293Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Program service revenue$436K · 94%
Contributions & grants$29K · 6%
Program service revenue94%$436K
Contributions & grants6%$29K
Total revenueLn 12$465K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.74 Management & general $0.26
Program services74%$293K
Management & general26%$101K
Total functional expensesLn 25$394K

Balance Sheet

Part X · end of year
CashLn 1$126K
Total assetsLn 16$142K
Total liabilitiesLn 26$15K
Total net assetsLn 32$127K
Months of cash on handcomputed3.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $126K · Operating expenses/yr $394K
3.8 months
Where the money goes
Program services
Program services $293K · Total expenses $394K
74%
Management & General
Management & general $101K · Total expenses $394K
26%
Fundraising
Fundraising $0 · Total expenses $394K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $167 · Solicited contributions (3-yr avg) $46K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $29K · Total revenue $465K
6%
Government reliance
Government grants $0 · Total revenue $465K
0%
Earned-income share
Program service revenue $436K · Total revenue $465K
94%
Investment reliance
Investment income $0 · Total revenue $465K
0%
Program self-sufficiency
Program service revenue $436K · Total expenses $394K
111%
Growth & trend
Revenue growth (YoY)
This year $465K · Prior year $327K
+42%
Revenue CAGR
FY2020 $366K · FY2024 $465K
+6%
Net-asset trend (YoY)
End of year $127K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $465K · Expenses $394K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $142K
Net-asset ratio
Net assets $127K · Total assets $142K
89%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $142K
0%
People & payroll
Highest Reported Total Compensation
Individual Jennifer Lincoln · Reported title Director of Education · Highest reported compensation $55K · Total expenses $394K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $267K · Total expenses $394K
68%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 74%
Overhead ratio 26%
Fundraising cost ratio 0%
Revenue growth 42%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$12K

Similar Organizations

Closest in mission — by what they do
See all organizations like Sphinx Academy INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$465K revenue · viewing · ⤓ 990 PDF
FY2024$327K revenue · ⤓ 990 PDF
FY2023$400K revenue · ⤓ 990 PDF
FY2022$379K revenue · ⤓ 990 PDF
FY2021$366K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.