Concord Academy INC

Tax-deductible

Memphis, TN501(c)(3)Since 1983EIN 58-1514410Revenue $1.1M in FY2025

On file with the IRSconcord-academy.org4942 Walnut Grove Rd, 38117-2724 · Memphis, TNTax-exempt since Aug 1983School — 170(b)(1)(A)(ii)

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The school serves students with learning differences in grades 6-12 and prepares them for lifelong success.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
$92K 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

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 $6K a year · under 1% 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
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$92K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$159K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-6% vs prior year
Spent
$1.2M
To programs
98%
Net assets
$410K
By yearFY2020–FY2025
Revenue
$1.1M
FY2025▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$851K
FY2021$1.0M
FY2022$1.2M
FY2023$1.3M
FY2024$1.2M
FY2025$1.1M
Expenses
$1.2M
FY2025▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$939K
FY2021$962K
FY2022$1.0M
FY2023$1.2M
FY2024$1.2M
FY2025$1.2M
Net assets
$410K
FY2025▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2020$286K
FY2021$343K
FY2022$461K
FY2023$570K
FY2024$516K
FY2025$410K

From the FY2025 Form 990 (year ending July 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 Aug 1983.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.2M Management & general 2% · $20K Fundraising 0% · $2K

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

9 people listed on the 990; $92K 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
Executive Di
$92,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Cece Palazola$92,000$90,000$69,797$87,902$86,021$56,750

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

Programs and updates

Educates and guides students with special learning, social, and emotional needs to reach their personal best.

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Provided by the organization

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1 program · $1.2M · in their own filed words · FY2024
01

The school serves students with learning differences in grades 6-12 and prepares them for lifelong success.

$1.2Mprogram 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 1 funder$6K
Grants paid · 3 grants · $70K · 2021–2023
Unitemized GrantFY2023$19,171
Unitemized GrantFY2022$22,675
Unitemized GrantFY2021$27,771

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$892K
Other incomeLn 4–11$133K
Gifts and grantsLn 1h$60K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.2M
Managementcol C$20K
Fundraisingcol D$2K
Owns and owesPt X
$410K
net assets · Ln 32
Cash and savingsLn 1–2$532K
Total assetsLn 16$569K
LiabilitiesLn 26$159K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$60K
Fees for servicesLn 2g$892K
Investment incomeLn 3$5K
Other incomeLn 4–11$133K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$120K
SavingsLn 2$412K
Cash and savings togetherLn 1–2$532K
Land, buildings, equipmentLn 10c$37K
Total assetsLn 16$569K
LiabilitiesLn 26$159K
Net assetsLn 32$410K
OperationsPt I, VI
EmployeesI 517
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$650K$532K
Land, buildings, equipmentLn 10c$37K$37K
Total assetsLn 16$692K$569K
LiabilitiesLn 26$176K$159K
Net assetsLn 32$516K$410K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$92K$92K
Other salaries and wagesLn 7$747K$747K
Pension plan contributionsLn 8$26K$26K
Other employee benefitsLn 9$21K$7K$14K
Payroll taxesLn 10$59K$53K$6K
Accounting feesLn 11c$27K$27K
Other fees for servicesLn 11g$23K$23K
Advertising and promotionLn 12$20K$20K
Office expensesLn 13$27K$27K
Information technologyLn 14$14K$14K
OccupancyLn 16$61K$61K
TravelLn 17$5K$5K
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$56K$54K$2K
Total functional expensesLn 25$1.2M$1.2M$20K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.1M$1.2M−$105K$410K 990 PDF
FY2024 $1.2M$1.2M−$54K$516K 990 PDF
FY2023 $1.3M$1.2M$109K$570K 990 PDF
FY2022 $1.2M$1.0M$118K$461K 990 PDF
FY2021 $1.0M$962K$57K$343K 990 PDF
FY2020 $851K$939K−$88K$286K 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 $1,090,842 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $88,000$60,000
I-9 Program service revenuePrior year $936,025$892,446
I-10 Investment incomePrior year $12,171$5,257
I-11 Other revenuePrior year $123,688$133,139
I-12 Total revenuePrior year $1,159,884$1,090,842
I-13 Grants and similar amounts paidPrior year $19,171$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $947,455$943,892
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $247,457$252,418
I-18 Total expensesPrior year $1,214,083$1,196,310
I-19 Revenue less expensesPrior year −$54,199−$105,468
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,090,842 across 6 lines filed
Lines not itemized here account for $3,131 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$60,000
VIII-1h Total contributions, gifts and grants$60,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $889,315$889,315
VIII-3 Investment incomeExcluded from tax $5,257$5,257
VIII-8 Net income from fundraising events$133,139
VIII-12 Total revenueRelated to mission $892,446 · Excluded from tax $5,257$1,090,842
Part IX · Statement of functional expenses $1,196,310 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $92,000$92,000
IX-7 Other salaries and wagesPrograms $746,582$746,582
IX-8 Pension plan contributionsPrograms $25,608$25,608
IX-9 Other employee benefitsPrograms $6,738 · Management $13,900$20,638
IX-10 Payroll taxesPrograms $53,158 · Management $5,906$59,064
IX-11c Accounting feesPrograms $27,075$27,075
IX-11g Other fees for servicesPrograms $22,867$22,867
IX-12 Advertising and promotionPrograms $19,600$19,600
IX-13 Office expensesPrograms $27,458$27,458
IX-14 Information technologyPrograms $13,990$13,990
IX-16 OccupancyPrograms $60,926$60,926
IX-17 TravelPrograms $5,163$5,163
IX-22 Depreciation, depletion and amortizationPrograms $9,254$9,254
IX-23 InsurancePrograms $10,160$10,160
IX-24 Other expenses (24a–d)Programs $53,624 · Fundraising $2,301$55,925
IX-25 Total functional expensesPrograms $1,174,203 · Management $19,806 · Fundraising $2,301$1,196,310
Part X · Balance sheet $569,410 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $243,964$120,248
X-2 Savings and temporary cash investmentsStart of year $406,410$411,667
X-4 Accounts receivableStart of year $4,727$8
X-10c Land, buildings and equipment, netStart of year $36,705$37,487
X-16 Total assetsStart of year $691,806$569,410
X-17 Accounts payable and accrued expensesStart of year $5,774$5,587
X-19 Deferred revenueStart of year $169,270$153,215
X-25 Other liabilitiesStart of year $1,086$400
X-26 Total liabilitiesStart of year $176,130$159,202
X-27 Net assets without donor restrictionsStart of year $515,676$410,208
X-32 Total net assets or fund balancesStart of year $515,676$410,208
X-33 Total liabilities and net assetsStart of year $691,806$569,410
Part XI · Reconciliation of net assets $410,208 net assets at year end
XI-1 Total revenue$1,090,842
XI-2 Total expenses$1,196,310
XI-3 Revenue less expenses−$105,468
XI-4 Net assets at start of year$515,676
XI-10 Net assets at end of year$410,208

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

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