Clarksville Academy

Tax-deductible

Clarksville, TN501(c)(3)Since 1970EducationEIN 62-0815277Revenue $9.1M in FY2025

On file with the IRSclarksvilleacademy.com710 N 2nd St, 37040-2908 · Clarksville, TNTax-exempt since Sep 1970School — 170(b)(1)(A)(ii)

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Education of children pre-k through grade 12.

501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
$292K 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
5 of 6
filings with a surplus
Average surplus $1.1M a year · 13% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$292K
to officers and key staff · 3% of spending
Top officer’s pay higher than 95% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $181K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10.5M
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.1M
-1% vs prior year
Spent
$8.7M
To programs
51%
Net assets
$6.5M
By yearFY2020–FY2025
Revenue
$9.1M
FY2025▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.0M
FY2021$6.4M
FY2022$7.5M
FY2023$10.0M
FY2024$9.2M
FY2025$9.1M
Expenses
$8.7M
FY2025▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.4M
FY2021$5.6M
FY2022$6.5M
FY2023$7.0M
FY2024$7.5M
FY2025$8.7M
Net assets
$6.5M
FY2025▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.1M
FY2021$1.2M
FY2022$1.0M
FY2023$4.0M
FY2024$5.8M
FY2025$6.5M

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 Sep 1970.

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

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $4.4M Management & general 49% · $4.3M

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

12 people listed on the 990; $292K 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
Head of Scho
$291,722Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jennifer Hinote’s $292K as Head of Scho is at the 95th 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jennifer Hinote$291,722$240,000$240,000$240,000$240,000$220,000

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.

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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 children from pre-kindergarten through twelfth grade.

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Provided by the organization

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1 program · $4.4M · in their own filed words · FY2024
01

Education of children pre-k through grade 12. Approximately 650 children utilize the school's facilities.

$4.4Mprogram 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 · FY2025
Total grants receivedfrom 1 funder$181K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$9.1M
Ln 12
Fees for servicesLn 2g$8.2M
Gifts and grantsLn 1h$663K
Other incomeLn 4–11$104K
Money outPt IX
$8.7M
Ln 25
Programscol B$4.4M
Managementcol C$4.3M
Owns and owesPt X
$6.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$17.1M
LiabilitiesLn 26$10.5M
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$663K
Government grantsLn 1e$6K
Noncash giftsLn 1g$87K
Fees for servicesLn 2g$8.2M
Investment incomeLn 3$96K
Other incomeLn 4–11$104K
Total revenueLn 12$9.1M
Assets in detailPt X, end of year
CashLn 1$1.6M
SavingsLn 2$519K
Cash and savings togetherLn 1–2$2.1M
Land, buildings, equipmentLn 10c$12.4M
Other assetsLn 15$2.1M
Total assetsLn 16$17.1M
LiabilitiesLn 26$10.5M
Net assetsLn 32$6.5M
OperationsPt I, VI
EmployeesI 5117
Fiscal year endsHeaderJuly
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$3.1M$2.1M
Land, buildings, equipmentLn 10c$4.8M$12.4M
Total assetsLn 16$15.1M$17.1M
LiabilitiesLn 26$9.2M$10.5M
Net assetsLn 32$5.8M$6.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$4.7M$2.7M$1.9M
Other employee benefitsLn 9$266K$125K$141K
Payroll taxesLn 10$346K$210K$137K
Accounting feesLn 11c$117K$117K
Other fees for servicesLn 11g$361K$54K$307K
Office expensesLn 13$208K$57K$152K
Information technologyLn 14$98K$2K$97K
OccupancyLn 16$474K$474K
Conferences, conventions and meetingsLn 19$21K$9K$12K
InterestLn 20$494K$494K
Depreciation, depletion and amortizationLn 22$632K$632K
InsuranceLn 23$210K$210K
Other expenses (24a–d)Ln 24$768K$531K$237K
All other expensesLn 24e$71K$70K$491
Total functional expensesLn 25$8.7M$4.4M$4.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $9.1M$8.7M$345K$6.5M 990 PDF
FY2024 $9.2M$7.5M$1.7M$5.8M 990 PDF
FY2023 $10.0M$7.0M$3.0M$4.0M 990 PDF
FY2022 $7.5M$6.5M$983K$1.0M 990 PDF
FY2021 $6.4M$5.6M$782K$1.2M 990 PDF
FY2020 $6.0M$6.4M−$440K−$1.1M 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 $9,066,386 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $780,124$662,658
I-9 Program service revenuePrior year $8,045,476$8,203,599
I-10 Investment incomePrior year $85,238$95,754
I-11 Other revenuePrior year $275,531$104,375
I-12 Total revenuePrior year $9,186,369$9,066,386
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $4,626,417$5,265,333
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,825,838$3,455,929
I-18 Total expensesPrior year $7,452,255$8,721,262
I-19 Revenue less expensesPrior year $1,734,114$345,124
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $9,066,386 across 9 lines filed
VIII-1e Government grants$6,189
VIII-1f All other contributions, gifts and grants$656,469
VIII-1g Noncash contributions (included above)$86,577
VIII-1h Total contributions, gifts and grants$662,658
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,203,599$8,203,599
VIII-3 Investment incomeRelated to mission $95,754$95,754
VIII-8 Net income from fundraising events$19,508
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $84,867$84,867
VIII-12 Total revenueRelated to mission $8,384,220$9,066,386
Part IX · Statement of functional expenses $8,721,262 across 14 lines filed
IX-7 Other salaries and wagesPrograms $2,736,754 · Management $1,916,504$4,653,258
IX-9 Other employee benefitsPrograms $124,527 · Management $141,294$265,821
IX-10 Payroll taxesPrograms $209,640 · Management $136,614$346,254
IX-11c Accounting feesManagement $116,714$116,714
IX-11g Other fees for servicesPrograms $53,609 · Management $307,411$361,020
IX-13 Office expensesPrograms $56,908 · Management $151,538$208,446
IX-14 Information technologyPrograms $1,622 · Management $96,834$98,456
IX-16 OccupancyManagement $474,325$474,325
IX-19 Conferences, conventions and meetingsPrograms $8,896 · Management $12,252$21,148
IX-20 InterestManagement $493,978$493,978
IX-22 Depreciation, depletion and amortizationPrograms $632,462$632,462
IX-23 InsuranceManagement $210,126$210,126
IX-24 Other expenses (24a–d)Programs $531,216 · Management $237,114$768,330
IX-24e All other expensesPrograms $70,433 · Management $491$70,924
IX-25 Total functional expensesPrograms $4,426,067 · Management $4,295,195 · Fundraising $0$8,721,262
Part X · Balance sheet $17,087,553 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $3,056,021$1,554,531
X-2 Savings and temporary cash investments$519,464
X-3 Pledges and grants receivableStart of year $410,648$402,493
X-4 Accounts receivableStart of year $91,626$59,064
X-9 Prepaid expenses and deferred chargesStart of year $171,777$75,170
X-10c Land, buildings and equipment, netStart of year $4,816,618$12,390,969
X-14 Intangible assetsStart of year $29,509$22,281
X-15 Other assetsStart of year $6,478,312$2,063,581
X-16 Total assetsStart of year $15,054,511$17,087,553
X-17 Accounts payable and accrued expensesStart of year $1,212,650$161,825
X-19 Deferred revenueStart of year $861,047$574,827
X-25 Other liabilitiesStart of year $83,194$65,197
X-26 Total liabilitiesStart of year $9,233,489$10,548,252
X-27 Net assets without donor restrictionsStart of year $5,821,022$3,910,569
X-28 Net assets with donor restrictions$2,628,732
X-32 Total net assets or fund balancesStart of year $5,821,022$6,539,301
X-33 Total liabilities and net assetsStart of year $15,054,511$17,087,553
Part XI · Reconciliation of net assets $6,539,301 net assets at year end
XI-1 Total revenue$9,066,386
XI-2 Total expenses$8,721,262
XI-3 Revenue less expenses$345,124
XI-4 Net assets at start of year$5,821,022
XI-5 Net unrealized gains (losses) on investments$95,754
XI-8 Prior period adjustments$277,401
XI-10 Net assets at end of year$6,539,301

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

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