Aquinas Academy INC FY2024 filing

Bear, DE · Public charity (501(c)(3)) · Since 1997 · Education

✓ Tax-deductible
Revenue
$296K
-15% vs prior year
Spent
$280K
To programs
100%
Net assets
$504K
By yearFY2021–FY2024
Revenue
$296K
FY2024▼ -15%
Revenue by fiscal year
FY2021$424K
FY2022$361K
FY2023$350K
FY2024$296K
FY2024$407K
Expenses
$280K
FY2024▼ -22%
Expenses by fiscal year
FY2021$444K
FY2022$401K
FY2023$359K
FY2024$280K
FY2024$302K
Net assets
$504K
FY2024▲ +6%
Net assets by fiscal year
FY2021$503K
FY2022$474K
FY2023$476K
FY2024$504K
FY2024$619K

From the FY2024 Form 990 (year ending June 2024) · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CAquinas Academy INC
EINHdr · item D52-2012507
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 1997
Year of formationHdr · item L1997
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CBear, DE
NTEE classificationIRS BMFEducation (B20Z)
WebsiteHdr · item Jwww.aquinasacademy.net

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$280K
Total functional expensesLn 25$280K

Financial health

Is it on solid ground?

Program efficiency
100%
of spending reaches programs
Operating runway
1.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$830K
FY2024▲ +2%
Total assets by fiscal year
FY2021$863K
FY2022$823K
FY2023$814K
FY2024$830K
FY2024$932K
Total liabilities
$326K
FY2024▼ -4%
Total liabilities by fiscal year
FY2021$360K
FY2022$350K
FY2023$338K
FY2024$326K
FY2024$313K
Revenue less expensesPt I · Ln 19$17K
Total assetsPt X · Ln 16$830K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 43

Balance Sheet

Part X · end of year
CashLn 1$35K
Total assetsLn 16$830K
Total liabilitiesLn 26$326K
Total net assetsLn 32$504K
Months of cash on handcomputed1.5

Statement of Revenue

Part VIII
Program service revenue$200K · 68%
Contributions & grants$96K · 32%
Program service revenue68%$200K
Contributions & grants32%$96K
Total revenueLn 12$296K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $35K · Operating expenses/yr $280K
1.5 months
Where the money goes
Program services
Program services $280K · Total expenses $280K
100%
Management & General
Management & general $0 · Total expenses $280K
0%
Fundraising
Fundraising $0 · Total expenses $280K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $80K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $96K · Total revenue $296K
32%
Government reliance
Government grants $0 · Total revenue $296K
0%
Earned-income share
Program service revenue $200K · Total revenue $296K
68%
Investment reliance
Investment income $0 · Total revenue $296K
0%
Program self-sufficiency
Program service revenue $200K · Total expenses $280K
72%
Growth & trend
Revenue growth (YoY)
This year $296K · Prior year $350K
-15%
Net-asset trend (YoY)
End of year $504K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $296K · Expenses $280K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $830K
—
Net-asset ratio
Net assets $504K · Total assets $830K
61%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $830K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John J Moore · Reported title President · Highest reported compensation $0 · Total expenses $280K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $107K · Total expenses $280K
38%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Fundraising cost ratio 0%——
Revenue growth -15%——
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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • 3Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Educates about 90 students in core subjects, kindergarten through twelfth grade.

Provided by the organization

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

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Mission & Programs · Part III

Where the work happens

1 program service account for $280K of program spending, described in the organization's own filed words · FY2023.
01

Aquinas Academy, Inc. is in its twenty-fifth year as an independent private day school, educating approximately 90 students in required subjects, kindergarten through grade 12.

$280Kprogram expense

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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$25K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Viewing $296K$280K-15% 990 PDF
FY2023 $350K$359K-3% 990 PDF
FY2022 $361K$401K-15% 990 PDF
FY2021 $424K$444K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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