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Crescent Ridge Academy INC

Tax-deductible

Crescent Spgs, KY501(c)(3)Education EIN 61-0730086Revenue $1.7M in FY2025

On file with the IRSnkmc.org2625 Anderson Rd, 41017-1420 · Crescent Spgs, KYTax-exempt since Sep 1972School — 170(b)(1)(A)(ii)

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501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Run by 10 volunteers and 36 employees.
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
4 of 6
filings with a surplus
Average surplus $97K 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$179K
to officers and key staff · 11% of spending
Top officer’s pay lower than 53% of similar orgs
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $600
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$832K
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
12
of 14 voting members
Looks good: 12 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+0.8% vs prior year
Spent
$1.6M
To programs
87%
Net assets
$480K
By yearFY2020–FY2025
Revenue
$1.7M
FY2025▲ +0.8%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.2M
FY2022$1.5M
FY2023$1.8M
FY2024$1.7M
FY2025$1.7M
Expenses
$1.6M
FY2025▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.0M
FY2022$1.6M
FY2023$1.7M
FY2024$1.8M
FY2025$1.6M
Net assets
$480K
FY2025▲ +28%
Tap a bar for its year
Net assets by fiscal year
FY2020$201K
FY2021$346K
FY2022$332K
FY2023$438K
FY2024$374K
FY2025$480K

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 Sep 1972.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $1.4M Management & general 13% · $203K

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

14 people listed on the 990; $179K 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
Colleen Sweeney
Head of Scho
$122,630Pt VII · Sec A
Anna Reasoner
Doo & Assist
$56,176Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Colleen Sweeney’s $123K as Head of Scho is at the 47th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2023FY2022FY2021FY2020
Colleen Sweeney$122,630————
Julia Preziosi——$1,000$85,104$86,418
Lisa Dieso——$62,816$56,144$27,070
Anna Reasoner$56,176————
Michelle Tensing—$40,576———

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

Trains teachers in the Montessori method of education.

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Provided by the organization

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2 programs · $1.4M · in their own filed words · FY2024
01

Montessori school enrollment of 118 students for the 2024-2025 school year.

$1.3Mprogram expense
02

Crescent ridge academy teacher education program providing teacher education in the montessori method of education. Approximately 28 participants in programs during the 2024-2025 fiscal year.

$108Kprogram expense

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 · FY2023
Fidelity FoundationFY2023$300
Amazonsmile FoundationFY2023$300
Total grants receivedfrom 2 funders$600

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$1.6M
Gifts and grantsLn 1h$71K
Investment incomeLn 3$21K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.4M
Managementcol C$203K
Owns and owesPt X
$480K
net assets · Ln 32
Cash and savingsLn 1–2$634K
Total assetsLn 16$1.3M
LiabilitiesLn 26$832K
PeoplePt VI, VII
14
listed · VII A
PaidVII A2
Voting boardVI 1a14
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$71K
Government grantsLn 1e$2K
Fundraising eventsLn 1c$69K
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$21K
Gains on assetsLn 7−$597
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$129K
SavingsLn 2$504K
Cash and savings togetherLn 1–2$634K
InvestmentsLn 11–13$363K
Land, buildings, equipmentLn 10c$287K
Total assetsLn 16$1.3M
LiabilitiesLn 26$832K
Net assetsLn 32$480K
OperationsPt I, VI
EmployeesI 536
VolunteersI 610
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$1.1M$634K
InvestmentsLn 11–13$31K$363K
Land, buildings, equipmentLn 10c$62K$287K
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$790K$832K
Net assetsLn 32$374K$480K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$179K$179K
Other salaries and wagesLn 7$818K$818K
Pension plan contributionsLn 8$5K$5K
Other employee benefitsLn 9$57K$57K
Payroll taxesLn 10$79K$79K
Legal feesLn 11b$197$197
Accounting feesLn 11c$23K$13K$10K
Other fees for servicesLn 11g$4K$3K$368
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$21K$16K$5K
Information technologyLn 14$6K$3K$3K
OccupancyLn 16$173K$173K
TravelLn 17$11K$11K
Conferences, conventions and meetingsLn 19$15K$15K$434
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$36K$36K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$140K$140K
All other expensesLn 24e$13K$13K
Total functional expensesLn 25$1.6M$1.4M$203K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.7M$1.6M$102K$480K 990 PDF
FY2024 $1.7M$1.8M−$66K$374K 990 PDF
FY2023 $1.8M$1.7M$103K$438K 990 PDF
FY2022 $1.5M$1.6M−$12K$332K 990 PDF
FY2021 $1.2M$1.0M$146K$346K 990 PDF
FY2020 $1.4M$1.1M$307K$201K 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 $1,699,038 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $243,652$70,605
I-9 Program service revenuePrior year $1,441,810$1,613,921
I-10 Investment incomePrior year $10,909$21,035
I-11 Other revenuePrior year −$11,606−$6,523
I-12 Total revenuePrior year $1,684,765$1,699,038
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,306,058$1,138,117
I-16a Professional fundraising feesPrior year $13,415$0
I-17 Other expensesPrior year $430,850$459,363
I-18 Total expensesPrior year $1,750,323$1,597,480
I-19 Revenue less expensesPrior year −$65,558$101,558
Part VI · Governance 12 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members12
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 $1,699,038 across 9 lines filed
Lines not itemized here account for $6,455 of total revenue; see the IRS return.
VIII-1c Fundraising events$68,516
VIII-1e Government grants$2,089
VIII-1h Total contributions, gifts and grants$70,605
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,607,466$1,607,466
VIII-3 Investment incomeExcluded from tax $21,632$21,632
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$597−$597
VIII-8 Net income from fundraising eventsExcluded from tax −$8,919−$8,919
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,396$2,396
VIII-12 Total revenueRelated to mission $1,613,921 · Excluded from tax $14,512$1,699,038
Part IX · Statement of functional expenses $1,597,480 across 19 lines filed
IX-5 Pay of current officers, directors and key staffManagement $178,806$178,806
IX-7 Other salaries and wagesPrograms $817,634$817,634
IX-8 Pension plan contributionsPrograms $5,330$5,330
IX-9 Other employee benefitsPrograms $57,476$57,476
IX-10 Payroll taxesPrograms $78,871$78,871
IX-11b Legal feesManagement $197$197
IX-11c Accounting feesPrograms $12,902 · Management $10,447$23,349
IX-11g Other fees for servicesPrograms $3,382 · Management $368$3,750
IX-12 Advertising and promotionPrograms $1,370$1,370
IX-13 Office expensesPrograms $15,854 · Management $5,285$21,139
IX-14 Information technologyPrograms $3,202 · Management $3,202$6,404
IX-16 OccupancyPrograms $172,837$172,837
IX-17 TravelPrograms $10,956$10,956
IX-19 Conferences, conventions and meetingsPrograms $14,975 · Management $434$15,409
IX-20 InterestManagement $3,901$3,901
IX-22 Depreciation, depletion and amortizationPrograms $36,080$36,080
IX-23 InsurancePrograms $11,509$11,509
IX-24 Other expenses (24a–d)Programs $139,813$139,813
IX-24e All other expensesPrograms $12,649$12,649
IX-25 Total functional expensesPrograms $1,394,840 · Management $202,640 · Fundraising $0$1,597,480
Part X · Balance sheet $1,312,174 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,059,531$129,392
X-2 Savings and temporary cash investments$504,140
X-9 Prepaid expenses and deferred chargesStart of year $9,233$28,136
X-10c Land, buildings and equipment, netStart of year $62,461$287,234
X-11 Publicly traded securitiesStart of year $30,697$363,272
X-16 Total assetsStart of year $1,164,062$1,312,174
X-17 Accounts payable and accrued expensesStart of year $121,881$120,769
X-19 Deferred revenueStart of year $506,662$540,047
X-24 Unsecured notes and loans payableStart of year $142,210$138,419
X-25 Other liabilitiesStart of year $19,216$33,000
X-26 Total liabilitiesStart of year $789,969$832,235
X-32 Total net assets or fund balancesStart of year $374,093$479,939
X-33 Total liabilities and net assetsStart of year $1,164,062$1,312,174
Part XI · Reconciliation of net assets $479,939 net assets at year end
XI-1 Total revenue$1,699,038
XI-2 Total expenses$1,597,480
XI-3 Revenue less expenses$101,558
XI-4 Net assets at start of year$374,093
XI-5 Net unrealized gains (losses) on investments$4,288
XI-10 Net assets at end of year$479,939

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

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