Butterflies Academy FY2022 filing

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Butterfiled academy's mission is to provide reduced rate preschool education to low income and foster children.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$140K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $76K a year · 14% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$140K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
19 mo
of spending, in cash
Looks good: 18.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $134K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$524K
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$703K
+49% vs prior year
Spent
$459K
To programs
77%
Net assets
$457K
By yearFY2020–FY2025
Revenue
$703K
FY2022▲ +49%
Tap a bar for its year
Revenue by fiscal year
FY2020$204K
FY2021$473K
FY2022$703K
FY2023$679K
FY2024$572K
FY2025$590K
Expenses
$459K
FY2022▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2020$211K
FY2021$367K
FY2022$459K
FY2023$597K
FY2024$517K
FY2025$615K
Net assets
$457K
FY2022▲ +85%
Tap a bar for its year
Net assets by fiscal year
FY2020$57K
FY2021$247K
FY2022$457K
FY2023$501K
FY2024$70K
FY2025$814K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $352K Management & general 23% · $107K

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

2 people listed on the 990; $140K paid to officers and key staff.

Part VII, Section A · reportable compensation
$117,708Pt VII · Sec A
$21,850Pt VII · Sec A

Farinaz Azarchehr’s $200K as CEO and CFO is at the 98th 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

NameFY2024FY2023FY2022FY2021FY2020
Farinaz Azarchehr$200,000$191,667$117,708$56,750$15,000
Farissa Azarchehr$10,700$7,077$21,850——
Hicham Jorio————$15,000

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 Butterflies Academy executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Offers affordable preschool education to low-income and foster children.

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1 program · $352K · in their own filed words · FY2022
01

Butterflies academy offers year round preschool program serving approximately 30 children ages 2 and up for entry to kindergarten.

$352Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$134K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$703K
Ln 12
Fees for servicesLn 2g$465K
Gifts and grantsLn 1h$238K
Money outPt IX
$459K
Ln 25
Programscol B$352K
Managementcol C$107K
Owns and owesPt X
$457K
net assets · Ln 32
Cash and savingsLn 1–2$717K
Total assetsLn 16$980K
LiabilitiesLn 26$524K
PeoplePt VI, VII
2
listed · VII A
PaidVII A2
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$238K
Government grantsLn 1e$5K
Fees for servicesLn 2g$465K
Total revenueLn 12$703K
Assets in detailPt X, end of year
CashLn 1$717K
Cash and savings togetherLn 1–2$717K
Accounts receivableLn 4$35K
Loans to officers and key peopleLn 5$117K
Land, buildings, equipmentLn 10c$109K
Intangible assetsLn 14$3K
Other assetsLn 15$65
Total assetsLn 16$980K
LiabilitiesLn 26$524K
Net assetsLn 32$457K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$24K$717K
Land, buildings, equipmentLn 10c$46K$109K
Total assetsLn 16$401K$980K
LiabilitiesLn 26$154K$524K
Net assetsLn 32$247K$457K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$140K$70K$70K$0
Pay of disqualified personsLn 6$31K$31K$0$0
Payroll taxesLn 10$14K$14K$0$0
Other fees for servicesLn 11g$133K$127K$6K$0
Advertising and promotionLn 12$695$695$0$0
Office expensesLn 13$25K$25K$188$0
Information technologyLn 14$689$345$344$0
OccupancyLn 16$86K$70K$16K$0
TravelLn 17$13K$0$13K$0
Depreciation, depletion and amortizationLn 22$9K$9K$345$0
InsuranceLn 23$4K$3K$895$0
Other expenses (24a–d)Ln 24$3K$3K$233$0
Total functional expensesLn 25$459K$352K$107K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 12, 2026 $590K$615K−$25K$814K 990 PDF
FY2024Filed with the IRS Mar 8, 2025 $572K$517K$55K$70K 990 PDF
FY2023Filed with the IRS Sep 12, 2024 $679K$597K$82K$501K 990 PDF
FY2022 ViewingFiled with the IRS Oct 31, 2023 $703K$459K$245K$457K 990 PDF
FY2021Filed with the IRS May 17, 2022 $473K$367K$106K$247K 990 PDF
FY2020Filed with the IRS Jun 9, 2021 $204K$211K−$7K$57K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $703,381 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $151,563$238,042
I-9 Program service revenuePrior year $321,003$465,339
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $472,566$703,381
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $131,686$184,189
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $235,021$274,348
I-18 Total expensesPrior year $366,707$458,537
I-19 Revenue less expensesPrior year $105,859$244,844
Part VI · Governance 0 of 2 board members independent, 1 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $703,381 across 5 lines filed
VIII-1e Government grants$5,000
VIII-1f All other contributions, gifts and grants$233,042
VIII-1h Total contributions, gifts and grants$238,042
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$465,339
VIII-12 Total revenueRelated to mission $465,339 · Unrelated business $0 · Excluded from tax $0$703,381
Part IX · Statement of functional expenses $458,537 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $69,779 · Management $69,779 · Fundraising $0$139,558
IX-6 Pay of disqualified personsPrograms $31,035 · Management $0 · Fundraising $0$31,035
IX-10 Payroll taxesPrograms $13,596 · Management $0 · Fundraising $0$13,596
IX-11g Other fees for servicesPrograms $127,109 · Management $5,557 · Fundraising $0$132,666
IX-12 Advertising and promotionPrograms $695 · Management $0 · Fundraising $0$695
IX-13 Office expensesPrograms $24,794 · Management $188 · Fundraising $0$24,982
IX-14 Information technologyPrograms $345 · Management $344 · Fundraising $0$689
IX-16 OccupancyPrograms $69,689 · Management $16,210 · Fundraising $0$85,899
IX-17 TravelPrograms $0 · Management $13,468 · Fundraising $0$13,468
IX-22 Depreciation, depletion and amortizationPrograms $8,550 · Management $345 · Fundraising $0$8,895
IX-23 InsurancePrograms $2,889 · Management $895 · Fundraising $0$3,784
IX-24 Other expenses (24a–d)Programs $3,037 · Management $233 · Fundraising $0$3,270
IX-25 Total functional expensesPrograms $351,518 · Management $107,019 · Fundraising $0$458,537
Part X · Balance sheet $980,407 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $23,756$716,555
X-4 Accounts receivableStart of year $4,849$34,674
X-5 Loans to officers and key peopleStart of year $319,626$116,783
X-10c Land, buildings and equipment, netStart of year $46,187$109,231
X-14 Intangible assetsStart of year $3,444$3,099
X-15 Other assetsStart of year $3,179$65
X-16 Total assetsStart of year $401,041$980,407
X-25 Other liabilitiesStart of year $154,328$523,582
X-26 Total liabilitiesStart of year $154,328$523,582
X-31 Retained earnings or endowmentStart of year $246,713$456,825
X-32 Total net assets or fund balancesStart of year $246,713$456,825
X-33 Total liabilities and net assetsStart of year $401,041$980,407
Part XI · Reconciliation of net assets $456,825 net assets at year end
XI-1 Total revenue$703,381
XI-2 Total expenses$458,537
XI-3 Revenue less expenses$244,844
XI-4 Net assets at start of year$246,713
XI-9 Other changes in net assets−$34,732
XI-10 Net assets at end of year$456,825

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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