Sullins Academy INC

Tax-deductible

Bristol, VA501(c)(3)EIN 54-0801168Revenue $2.3M in FY2025

On file with the IRSsullinsacademy.org22218 Sullins Academy Dr, 24202-5968 · Bristol, VATax-exempt since May 1969School — 170(b)(1)(A)(ii)

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Elementary and preschool education

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 35 volunteers and 50 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
3 of 6
filings with a surplus
Average surplus $46K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$152K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $26K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$290K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
+10% vs prior year
Spent
$2.2M
To programs
78%
Net assets
$7.8M
By yearFY2020–FY2025
Revenue
$2.3M
FY2025▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$2.4M
FY2022$1.9M
FY2023$2.3M
FY2024$2.1M
FY2025$2.3M
Expenses
$2.2M
FY2025▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$1.8M
FY2022$2.0M
FY2023$2.3M
FY2024$2.4M
FY2025$2.2M
Net assets
$7.8M
FY2025▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.8M
FY2021$8.0M
FY2022$7.7M
FY2023$7.9M
FY2024$7.9M
FY2025$7.8M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1969.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $1.7M Management & general 19% · $424K Fundraising 2% · $49K

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

8 people listed on the 990; $152K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Assoc. Head for Business a
$77,240Pt VII · Sec A
Head of School
$74,722Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Twana Meade$77,240$72,658$61,250$68,528$61,346$59,597
Roy Vermillion$74,722$72,256$61,574$72,595$63,714$64,128

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 15aYes

Programs and updates

Provides elementary and preschool education to young children.

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Provided by the organization

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1 program · $1.7M · in their own filed words · FY2024
01

Create an atmosphere of academic excellence for children from preschool to eighth grade.

$1.7Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$26K
See all 3 funders →
Grants paid · 6 grants · $1.1M · 2019–2024
Unitemized GrantFY2024$141,941
Unitemized GrantFY2023$214,397
Unitemized GrantFY2022$199,553
Unitemized GrantFY2021$185,745
Unitemized GrantFY2020$206,594
Unitemized GrantFY2019$166,586

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$648K
Gifts and grantsLn 1h$79K
Money outPt IX
$2.2M
Ln 25
Programscol B$1.7M
Managementcol C$424K
Fundraisingcol D$49K
Owns and owesPt X
$7.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$8.1M
LiabilitiesLn 26$290K
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$79K
Noncash giftsLn 1g$8K
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$648K
Other incomeLn 4–11$54K
Gains on assetsLn 7$495K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.3M
InvestmentsLn 11–13$3.9M
Land, buildings, equipmentLn 10c$2.8M
Other assetsLn 15$5K
Total assetsLn 16$8.1M
LiabilitiesLn 26$290K
Net assetsLn 32$7.8M
OperationsPt I, VI
EmployeesI 550
VolunteersI 635
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$1.6M$1.3M
InvestmentsLn 11–13$3.7M$3.9M
Land, buildings, equipmentLn 10c$3.0M$2.8M
Total assetsLn 16$8.3M$8.1M
LiabilitiesLn 26$401K$290K
Net assetsLn 32$7.9M$7.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$142K$142K
Pay of current officers, directors and key staffLn 5$163K$120K$37K$5K
Other salaries and wagesLn 7$1.2M$858K$267K$35K
Pension plan contributionsLn 8$20K$15K$5K$597
Other employee benefitsLn 9$36K$26K$8K$1K
Payroll taxesLn 10$96K$71K$22K$3K
Accounting feesLn 11c$20K$20K
Investment management feesLn 11f$19K$19K
Advertising and promotionLn 12$3K$186$2K$1K
Information technologyLn 14$4K$4K
OccupancyLn 16$201K$185K$14K$2K
Depreciation, depletion and amortizationLn 22$186K$171K$13K$2K
Other expenses (24a–d)Ln 24$128K$111K$17K
All other expensesLn 24e$14K$13K$443$63
Total functional expensesLn 25$2.2M$1.7M$424K$49K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.3M$2.2M$92K$7.8M 990 PDF
FY2024 $2.1M$2.4M−$309K$7.9M 990 PDF
FY2023 $2.3M$2.3M$64K$7.9M 990 PDF
FY2022 $1.9M$2.0M−$14K$7.7M 990 PDF
FY2021 $2.4M$1.8M$538K$8.0M 990 PDF
FY2020 $1.6M$1.7M−$95K$6.8M 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
See the full FY2025 990 (6 parts)
Part I · Summary $2,282,910 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $113,326$79,213
I-9 Program service revenuePrior year $1,742,261$1,501,310
I-10 Investment incomePrior year $186,316$647,934
I-11 Other revenuePrior year $35,490$54,453
I-12 Total revenuePrior year $2,077,393$2,282,910
I-13 Grants and similar amounts paidPrior year $214,397$141,941
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,673,610$1,473,805
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $497,899$574,993
I-18 Total expensesPrior year $2,385,906$2,190,739
I-19 Revenue less expensesPrior year −$308,513$92,171
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
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 $2,282,910 across 8 lines filed
VIII-1f All other contributions, gifts and grants$79,213
VIII-1g Noncash contributions (included above)$8,142
VIII-1h Total contributions, gifts and grants$79,213
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,501,310$1,501,310
VIII-3 Investment incomeExcluded from tax $153,232$153,232
VIII-7 Net gain or loss on sales of assetsExcluded from tax $494,702$494,702
VIII-8 Net income from fundraising eventsExcluded from tax $54,453$54,453
VIII-12 Total revenueRelated to mission $1,501,310 · Unrelated business $0 · Excluded from tax $702,387$2,282,910
Part IX · Statement of functional expenses $2,190,739 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $141,941$141,941
IX-5 Pay of current officers, directors and key staffPrograms $120,448 · Management $37,436 · Fundraising $4,883$162,767
IX-7 Other salaries and wagesPrograms $857,783 · Management $266,609 · Fundraising $34,777$1,159,169
IX-8 Pension plan contributionsPrograms $14,703 · Management $4,569 · Fundraising $597$19,869
IX-9 Other employee benefitsPrograms $26,495 · Management $8,235 · Fundraising $1,075$35,805
IX-10 Payroll taxesPrograms $71,184 · Management $22,125 · Fundraising $2,886$96,195
IX-11c Accounting feesManagement $19,600$19,600
IX-11f Investment management feesManagement $19,094$19,094
IX-12 Advertising and promotionPrograms $186 · Management $1,885 · Fundraising $1,316$3,387
IX-14 Information technologyPrograms $4,013$4,013
IX-16 OccupancyPrograms $184,787 · Management $14,060 · Fundraising $2,009$200,856
IX-22 Depreciation, depletion and amortizationPrograms $171,113 · Management $13,020 · Fundraising $1,860$185,993
IX-24 Other expenses (24a–d)Programs $111,499 · Management $16,687$128,186
IX-24e All other expensesPrograms $13,358 · Management $443 · Fundraising $63$13,864
IX-25 Total functional expensesPrograms $1,717,510 · Management $423,763 · Fundraising $49,466$2,190,739
Part X · Balance sheet $8,130,706 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $2,640$2,640
X-2 Savings and temporary cash investmentsStart of year $1,591,700$1,290,910
X-3 Pledges and grants receivableStart of year $15,000$15,000
X-4 Accounts receivableStart of year $47,272$52,271
X-9 Prepaid expenses and deferred chargesStart of year $13,524$11,640
X-10c Land, buildings and equipment, netStart of year $2,982,726$2,833,451
X-12 Other securitiesStart of year $3,671,651$3,919,499
X-15 Other assetsStart of year $4,885$5,295
X-16 Total assetsStart of year $8,329,398$8,130,706
X-17 Accounts payable and accrued expensesStart of year $315,011$239,271
X-19 Deferred revenueStart of year $86,113$50,351
X-26 Total liabilitiesStart of year $401,124$289,622
X-27 Net assets without donor restrictionsStart of year $4,197,929$3,857,517
X-28 Net assets with donor restrictionsStart of year $3,730,345$3,983,567
X-32 Total net assets or fund balancesStart of year $7,928,274$7,841,084
X-33 Total liabilities and net assetsStart of year $8,329,398$8,130,706
Part XI · Reconciliation of net assets $7,841,084 net assets at year end
XI-1 Total revenue$2,282,910
XI-2 Total expenses$2,190,739
XI-3 Revenue less expenses$92,171
XI-4 Net assets at start of year$7,928,274
XI-5 Net unrealized gains (losses) on investments−$179,362
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,841,084

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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