To provide co-educational and extracurricular activities to students from pre-kindergarten to 12th grade.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
$107K 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

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
5 of 6
filings with a surplus
Average surplus $446K a year · 7% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$107K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
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
3
named funders · $239K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$7.8M
88% of total assets
Concern: liabilities are 88% of assets; over 80%.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.5M
-5% vs prior year
Spent
$5.3M
To programs
60%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$5.5M
FY2021▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.8M
FY2021$5.5M
FY2022$5.9M
FY2023$7.3M
FY2024$7.0M
FY2025$7.1M
Expenses
$5.3M
FY2021+0.4%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.3M
FY2021$5.3M
FY2022$6.1M
FY2023$6.3M
FY2024$6.5M
FY2025$6.5M
Net assets
$1.1M
FY2021▲ +24%
Tap a bar for its year
Net assets by fiscal year
FY2020$850K
FY2021$1.1M
FY2022$839K
FY2023$1.9M
FY2024$2.4M
FY2025$3.0M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · 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 Jan 2000.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $3.2M Management & general 40% · $2.1M Fundraising 0% · $25K

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

15 people listed on the 990; $107K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of School
$107,100Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Robert Akins’s $131K as Head of School is at the 53rd 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Robert Akins$130,687$127,750————
Courtney Burnette——$109,108$110,750$107,100$105,000

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.

See Fayette Academy 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 15aNo

Programs and updates

Educates students from pre-K to 12th grade with a focus on academic, personal, and moral growth.

Questions for Fayette Academy

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Provided by the organization

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1 program · $3.2M · in their own filed words · FY2020
01

To provide co-educational and extracurricular activities to students from pre-kindergarten to 12TH grade.

$3.2Mprogram 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 · FY2024
Total grants receivedfrom 3 funders$239K
See all 3 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$5.5M
Ln 12
Fees for servicesLn 2g$4.7M
Other incomeLn 4–11$661K
Gifts and grantsLn 1h$180K
Money outPt IX
$5.3M
Ln 25
Programscol B$3.2M
Managementcol C$2.1M
Fundraisingcol D$25K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.4M
Total assetsLn 16$8.9M
LiabilitiesLn 26$7.8M
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$180K
Fees for servicesLn 2g$4.7M
Investment incomeLn 3$4K
Other incomeLn 4–11$661K
Total revenueLn 12$5.5M
Assets in detailPt X, end of year
CashLn 1$44K
SavingsLn 2$2.3M
Cash and savings togetherLn 1–2$2.4M
Land, buildings, equipmentLn 10c$4.4M
Total assetsLn 16$8.9M
LiabilitiesLn 26$7.8M
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 5124
VolunteersI 69
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.5M$2.4M
Land, buildings, equipmentLn 10c$4.7M$4.4M
Total assetsLn 16$8.0M$8.9M
LiabilitiesLn 26$7.2M$7.8M
Net assetsLn 32$850K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$3.0M$2.6M$424K
Pension plan contributionsLn 8$69K$69K
Other employee benefitsLn 9$24K$24K
Payroll taxesLn 10$221K$189K$32K
Accounting feesLn 11c$13K$13K
Advertising and promotionLn 12$4K$4K
Information technologyLn 14$216K$216K
OccupancyLn 16$212K$212K
InterestLn 20$63K$63K
Depreciation, depletion and amortizationLn 22$430K$430K
InsuranceLn 23$258K$258K
Other expenses (24a–d)Ln 24$649K$314K$310K$25K
All other expensesLn 24e$161K$124K$37K
Total functional expensesLn 25$5.3M$3.2M$2.1M$25K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $7.1M$6.5M$644K$3.0M 990 PDF
FY2024 $7.0M$6.5M$497K$2.4M 990 PDF
FY2023 $7.3M$6.3M$1.1M$1.9M 990 PDF
FY2022 $5.9M$6.1M−$214K$839K 990 PDF
FY2021 Viewing $5.5M$5.3M$203K$1.1M 990 PDF
FY2020 $5.8M$5.3M$495K$850K 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 FY2021 990 (6 parts)
Part I · Summary $5,496,842 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $105,260$180,366
I-9 Program service revenuePrior year $4,871,813$4,650,888
I-10 Investment incomePrior year $2,797$4,383
I-11 Other revenuePrior year $787,190$661,205
I-12 Total revenuePrior year $5,767,060$5,496,842
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,200,209$3,289,283
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,072,176$2,004,958
I-18 Total expensesPrior year $5,272,385$5,294,241
I-19 Revenue less expensesPrior year $494,675$202,601
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $5,496,842 across 7 lines filed
Lines not itemized here account for $35,150 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$180,366
VIII-1h Total contributions, gifts and grants$180,366
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,650,888$4,650,888
VIII-3 Investment incomeExcluded from tax $4,383$4,383
VIII-8 Net income from fundraising eventsExcluded from tax −$27,640−$27,640
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $653,695$653,695
VIII-12 Total revenueRelated to mission $5,304,583 · Unrelated business $0 · Excluded from tax $11,893$5,496,842
Part IX · Statement of functional expenses $5,294,241 across 13 lines filed
IX-7 Other salaries and wagesPrograms $2,550,710 · Management $423,966$2,974,676
IX-8 Pension plan contributionsManagement $69,251$69,251
IX-9 Other employee benefitsManagement $24,003$24,003
IX-10 Payroll taxesPrograms $189,088 · Management $32,265$221,353
IX-11c Accounting feesManagement $13,225$13,225
IX-12 Advertising and promotionManagement $3,887$3,887
IX-14 Information technologyManagement $215,883$215,883
IX-16 OccupancyManagement $211,512$211,512
IX-20 InterestManagement $62,977$62,977
IX-22 Depreciation, depletion and amortizationManagement $429,734$429,734
IX-23 InsuranceManagement $258,497$258,497
IX-24 Other expenses (24a–d)Programs $313,945 · Management $309,886 · Fundraising $24,763$648,594
IX-24e All other expensesPrograms $124,121 · Management $36,528$160,649
IX-25 Total functional expensesPrograms $3,177,864 · Management $2,091,614 · Fundraising $24,763$5,294,241
Part X · Balance sheet $8,858,153 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $196,537$43,632
X-2 Savings and temporary cash investmentsStart of year $1,275,748$2,311,705
X-4 Accounts receivableStart of year $1,873,160$2,109,439
X-10c Land, buildings and equipment, netStart of year $4,681,411$4,393,377
X-16 Total assetsStart of year $8,026,856$8,858,153
X-17 Accounts payable and accrued expensesStart of year $10,069$6,811
X-19 Deferred revenueStart of year $4,195,534$4,934,901
X-25 Other liabilitiesStart of year $392,152$466,287
X-26 Total liabilitiesStart of year $7,176,599$7,805,295
X-27 Net assets without donor restrictionsStart of year $720,257$816,748
X-28 Net assets with donor restrictionsStart of year $130,000$236,110
X-32 Total net assets or fund balancesStart of year $850,257$1,052,858
X-33 Total liabilities and net assetsStart of year $8,026,856$8,858,153
Part XI · Reconciliation of net assets $1,052,858 net assets at year end
XI-1 Total revenue$5,496,842
XI-2 Total expenses$5,294,241
XI-3 Revenue less expenses$202,601
XI-4 Net assets at start of year$850,257
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,052,858

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

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