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The Learning Academy INC

Tax-deductible

Miramar Beach, FL501(c)(3)Education EIN 59-3474436Revenue $783K in FY2025

On file with the IRSlasrcrusaders.org101a Business Centre Dr, 32550-6984 · Miramar Beach, FLTax-exempt since Mar 2002School — 170(b)(1)(A)(ii)

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Operates charter and contract schools providing education services for at- risk students grades 6-12

501(c)(3) charity; gifts are tax-deductible.
45¢ of each $1 spent went to programs.
Run by 10 volunteers and 32 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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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
4 of 6
filings with a surplus
Average surplus $67K a year · 6% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
45%
of spending
Concern: 45% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$389K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$783K
-30% vs prior year
Spent
$1.1M
To programs
45%
Net assets
$999K
By yearFY2020–FY2025
Revenue
$783K
FY2025▼ -30%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$1.2M
FY2023$1.5M
FY2024$1.1M
FY2025$783K
Expenses
$1.1M
FY2025▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.0M
FY2022$1.0M
FY2023$1.2M
FY2024$1.2M
FY2025$1.1M
Net assets
$999K
FY2025▼ -24%
Tap a bar for its year
Net assets by fiscal year
FY2020$694K
FY2021$784K
FY2022$993K
FY2023$1.3M
FY2024$1.3M
FY2025$999K

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 Mar 2002.

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

Where the money goes

45 cents of each dollar spent went to programs.

Program services 45% · $494K Management & general 55% · $611K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Robin King
Chairperson
$0Pt VII · Sec A
Don Lewis Lynn JR
Vice Chairpe
$0Pt VII · Sec A
Dr Cheryl Perry
Secretary/Tr
$0Pt VII · Sec A
See The Learning Academy INC executive salaries →

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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

Educates at-risk students in grades 6-12 through charter and contract schools.

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1 program · $494K · in their own filed words · FY2024
01

Provides education services for at-risk students in grades 6-12.

$494Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$783K
Ln 12
Gifts and grantsLn 1h$774K
Other incomeLn 4–11$9K
Money outPt IX
$1.1M
Ln 25
Programscol B$494K
Managementcol C$611K
Owns and owesPt X
$999K
net assets · Ln 32
Cash and savingsLn 1–2$94K
Total assetsLn 16$1.4M
LiabilitiesLn 26$389K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$774K
Government grantsLn 1e$766K
Other incomeLn 4–11$9K
Total revenueLn 12$783K
Assets in detailPt X, end of year
CashLn 1$94K
Cash and savings togetherLn 1–2$94K
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$217
Total assetsLn 16$1.4M
LiabilitiesLn 26$389K
Net assetsLn 32$999K
OperationsPt I, VI
EmployeesI 532
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$452K$94K
Land, buildings, equipmentLn 10c$1.3M$1.3M
Total assetsLn 16$1.8M$1.4M
LiabilitiesLn 26$501K$389K
Net assetsLn 32$1.3M$999K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$372K$268K$104K
Pension plan contributionsLn 8$5K$5K
Other employee benefitsLn 9$46K$32K$14K
Payroll taxesLn 10$29K$21K$8K
Management feesLn 11a$148K$148K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$122K$115K$7K
Office expensesLn 13$7K$7K
Information technologyLn 14$89K$89K
OccupancyLn 16$48K$48K
TravelLn 17$29K$5K$24K
InterestLn 20$24K$24K
Depreciation, depletion and amortizationLn 22$66K$7K$59K
InsuranceLn 23$67K$24K$44K
Other expenses (24a–d)Ln 24$33K$21K$13K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$1.1M$494K$611K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $783K$1.1M−$322K$999K 990 PDF
FY2024 $1.1M$1.2M−$28K$1.3M 990 PDF
FY2023 $1.5M$1.2M$356K$1.3M 990 PDF
FY2022 $1.2M$1.0M$209K$993K 990 PDF
FY2021 $1.1M$1.0M$90K$784K 990 PDF
FY2020 $1.2M$1.1M$97K$694K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $782,640 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,108,388$773,874
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $15,254$8,766
I-12 Total revenuePrior year $1,123,642$782,640
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $537,426$451,990
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $614,280$652,535
I-18 Total expensesPrior year $1,151,706$1,104,525
I-19 Revenue less expensesPrior year −$28,064−$321,885
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $782,640 across 5 lines filed
VIII-1e Government grants$765,848
VIII-1f All other contributions, gifts and grants$8,026
VIII-1h Total contributions, gifts and grants$773,874
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,766$8,766
VIII-12 Total revenueRelated to mission $8,766$782,640
Part IX · Statement of functional expenses $1,104,525 across 16 lines filed
IX-7 Other salaries and wagesPrograms $267,983 · Management $104,216$372,199
IX-8 Pension plan contributionsManagement $5,400$5,400
IX-9 Other employee benefitsPrograms $31,984 · Management $13,707$45,691
IX-10 Payroll taxesPrograms $20,664 · Management $8,036$28,700
IX-11a Management feesManagement $148,412$148,412
IX-11c Accounting feesManagement $16,000$16,000
IX-11g Other fees for servicesPrograms $114,837 · Management $7,330$122,167
IX-13 Office expensesManagement $7,294$7,294
IX-14 Information technologyManagement $89,193$89,193
IX-16 OccupancyManagement $48,121$48,121
IX-17 TravelPrograms $5,208 · Management $23,723$28,931
IX-20 InterestManagement $24,082$24,082
IX-22 Depreciation, depletion and amortizationPrograms $7,258 · Management $58,721$65,979
IX-23 InsurancePrograms $23,608 · Management $43,844$67,452
IX-24 Other expenses (24a–d)Programs $20,718 · Management $12,656$33,374
IX-24e All other expensesPrograms $1,530$1,530
IX-25 Total functional expensesPrograms $493,790 · Management $610,735 · Fundraising $0$1,104,525
Part X · Balance sheet $1,388,047 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $451,749$93,817
X-4 Accounts receivableStart of year $48,122$30,120
X-10c Land, buildings and equipment, netStart of year $1,319,049$1,263,893
X-15 Other assetsStart of year $2,778$217
X-16 Total assetsStart of year $1,821,698$1,388,047
X-17 Accounts payable and accrued expensesStart of year $7,105$8,579
X-24 Unsecured notes and loans payableStart of year $390,243$271,771
X-25 Other liabilitiesStart of year $103,313$108,545
X-26 Total liabilitiesStart of year $500,661$388,895
X-27 Net assets without donor restrictionsStart of year $492,766$115,358
X-28 Net assets with donor restrictionsStart of year $828,271$883,794
X-32 Total net assets or fund balancesStart of year $1,321,037$999,152
X-33 Total liabilities and net assetsStart of year $1,821,698$1,388,047
Part XI · Reconciliation of net assets $999,152 net assets at year end
XI-1 Total revenue$782,640
XI-2 Total expenses$1,104,525
XI-3 Revenue less expenses−$321,885
XI-4 Net assets at start of year$1,321,037
XI-10 Net assets at end of year$999,152

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

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