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The Learning Academy INC FY2021 filing

Tax-deductible

Miramar Beach, FL501(c)(3)EducationEIN 59-3474436

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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.
37¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
37%
of spending
Concern: 37% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$783K
50% of total assets
Looks good: liabilities are 50% 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
$1.1M
-5% vs prior year
Spent
$1.0M
To programs
37%
Net assets
$784K
By yearFY2020–FY2025
Revenue
$1.1M
FY2021▼ -5%
Revenue by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$1.2M
FY2023$1.5M
FY2024$1.1M
FY2025$783K
Expenses
$1.0M
FY2021▼ -5%
Expenses by fiscal year
FY2020$1.1M
FY2021$1.0M
FY2022$1.0M
FY2023$1.2M
FY2024$1.2M
FY2025$1.1M
Net assets
$784K
FY2021▲ +13%
Net assets by fiscal year
FY2020$694K
FY2021$784K
FY2022$993K
FY2023$1.3M
FY2024$1.3M
FY2025$999K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 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 Mar 2002.

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

Where the money goes

37 cents of each dollar spent went to programs.

Program services 37% · $369K Management & general 63% · $639K

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 (FY2020); the FY2021 filing did not itemize Part VII
Don Lewis Lynn JR
Board Member
$0Pt VII · Sec A
Robin King
Board Chair
$0Pt VII · Sec A
Dr Cheryl Perry
Board Member
$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.

Provided by the organization

This section is blank until The Learning Academy INC claims this page.

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1 program service account for $369K of program spending, described in the organization's own filed words · FY2020.
01

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

$369Kprogram expense

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By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$966K
Other incomeLn 4–11$132K
Money outPt IX
$1.0M
Ln 25
Programscol B$369K
Managementcol C$639K
Owns and owesPt X
$784K
net assets · Ln 32
Cash and savingsLn 1–2$202K
Total assetsLn 16$1.6M
LiabilitiesLn 26$783K
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$966K
Government grantsLn 1e$957K
Other incomeLn 4–11$132K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$202K
Cash and savings togetherLn 1–2$202K
Land, buildings, equipmentLn 10c$1.3M
Total assetsLn 16$1.6M
LiabilitiesLn 26$783K
Net assetsLn 32$784K
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 FY21End FY21
Cash and savingsLn 1–2$304K$202K
Land, buildings, equipmentLn 10c$1.4M$1.3M
Total assetsLn 16$1.7M$1.6M
LiabilitiesLn 26$1.0M$783K
Net assetsLn 32$694K$784K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$433K$252K$181K
Pension plan contributionsLn 8$250$250
Other employee benefitsLn 9$61K$39K$22K
Payroll taxesLn 10$33K$20K$13K
Management feesLn 11a$180K$180K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$7K$7K$21
Office expensesLn 13$10K$10K
Information technologyLn 14$37K$21K$16K
OccupancyLn 16$37K$37K
TravelLn 17$2K$2K
InterestLn 20$39K$39K
Depreciation, depletion and amortizationLn 22$79K$9K$69K
InsuranceLn 23$35K$35K
Other expenses (24a–d)Ln 24$47K$19K$28K
All other expensesLn 24e$335$335
Total functional expensesLn 25$1.0M$369K$639K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $1,098,183 across 5 lines filed
VIII-1e Government grants$957,295
VIII-1f All other contributions, gifts and grants$8,556
VIII-1h Total contributions, gifts and grants$965,851
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $132,332$132,332
VIII-12 Total revenueExcluded from tax $132,332$1,098,183
Part IX · Statement of functional expenses $1,008,083 across 16 lines filed
IX-7 Other salaries and wagesPrograms $252,346 · Management $180,730$433,076
IX-8 Pension plan contributionsManagement $250$250
IX-9 Other employee benefitsPrograms $39,025 · Management $22,277$61,302
IX-10 Payroll taxesPrograms $20,010 · Management $13,336$33,346
IX-11a Management feesManagement $179,577$179,577
IX-11c Accounting feesManagement $7,725$7,725
IX-11g Other fees for servicesPrograms $7,380 · Management $21$7,401
IX-13 Office expensesManagement $9,686$9,686
IX-14 Information technologyPrograms $21,250 · Management $15,978$37,228
IX-16 OccupancyManagement $37,002$37,002
IX-17 TravelManagement $1,572$1,572
IX-20 InterestManagement $39,131$39,131
IX-22 Depreciation, depletion and amortizationPrograms $9,476 · Management $69,164$78,640
IX-23 InsuranceManagement $34,780$34,780
IX-24 Other expenses (24a–d)Programs $19,369 · Management $27,663$47,032
IX-24e All other expensesPrograms $335$335
IX-25 Total functional expensesPrograms $369,191 · Management $638,892 · Fundraising $0$1,008,083
Part X · Balance sheet $1,567,518 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $304,141$201,982
X-4 Accounts receivableStart of year $6,803$39,921
X-10c Land, buildings and equipment, netStart of year $1,396,408$1,325,615
X-16 Total assetsStart of year $1,707,352$1,567,518
X-17 Accounts payable and accrued expensesStart of year $981$7,549
X-24 Unsecured notes and loans payableStart of year $1,012,292$775,790
X-26 Total liabilitiesStart of year $1,013,273$783,339
X-27 Net assets without donor restrictionsStart of year $686,562$234,352
X-28 Net assets with donor restrictionsStart of year $7,517$549,827
X-32 Total net assets or fund balancesStart of year $694,079$784,179
X-33 Total liabilities and net assetsStart of year $1,707,352$1,567,518
Part XI · Reconciliation of net assets $784,179 net assets at year end
XI-1 Total revenue$1,098,183
XI-2 Total expenses$1,008,083
XI-3 Revenue less expenses$90,100
XI-4 Net assets at start of year$694,079
XI-10 Net assets at end of year$784,179

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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