Fellowship Academy FY2021 filing

Tax-deductible

Kennedale, TX501(c)(3)EducationEIN 75-2888473Revenue $3.7M in FY2021

On file with the IRSfellowship-academy.org1021 N Bowman Springs Rd, 76060-4607 · Kennedale, TXTax-exempt since Oct 2002School — 170(b)(1)(A)(ii)

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The mission of Fellowship Academy is to provide every child an opportunity for a safe, affordable, well-rounded Christ-centered educational experience and build Christian leaders to serve the community.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$75K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
2 of 6
filings with a surplus
Average deficit $103K a year · 3% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
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
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $21K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.8M
83% of total assets
Concern: liabilities are 83% of assets; over 80%.
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
$3.7M
+13% vs prior year
Spent
$3.7M
To programs
78%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$3.7M
FY2021▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.3M
FY2021$3.7M
FY2022$3.4M
FY2023$4.9M
FY2024$4.5M
FY2025$4.0M
Expenses
$3.7M
FY2021▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.3M
FY2021$3.7M
FY2022$3.4M
FY2023$4.2M
FY2024$5.0M
FY2025$4.7M
Net assets
$1.2M
FY2021▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.2M
FY2023$1.8M
FY2024$1.3M
FY2025$569K

From the FY2021 Form 990 (year ending May 2021) · 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 Oct 2002.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $2.9M Management & general 22% · $793K Fundraising 0% · $7K

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

4 people listed on the 990; $75K 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
$75,141Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

David Slight’s $76K as Executive Dir. is at the 17th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
David Slight$76,410—————
Marilyn Dardenne—$60,500$63,713$74,999$75,141$75,177
Lee Stringham$68,655—————
Keith Shull———$45,000——
Melanie Wilson$2,812—————

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

Offers safe, affordable, Christ-centered education to build leaders for the community.

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Provided by the organization

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3 programs · $2.8M · in their own filed words · FY2020
01

Academic Program

Fellowship Academy enrolled 345 students, 126 in grades 9-12 with 44 graduates. In addition to regular curriculum, FA offers honors courses in English, Algebra 1 & 2, Geometry, Pre-Calculus, Biology, Chemistry, Anatomy and Physiology, Pathophysiology, and Physics. All students in grades 9-11 participate in the P-SAT onsite.

$2.2Mprogram expense
02

Athletics & Fine Arts

Fellowship Academy students participate in the following athletic programs: baseball, basketball, cheerleading, football, golf, physical education, softball, track/cross country, and volleyball. Students may also participate in a Fine Arts program including art and drumline, choir, praise band, and theater.

$544Kprogram expense
03

Student Activities

Students in all grade levels participate in field trips, travel, fine arts productions and competitions, and interscholastic academic competitions. Other activities include community service, National Honor Society, Student Council, Yearbook, Youth & Government, Rotary Club, and 4H.

$95Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$21K
Grants paid · 8 grants · $2.0M · 2019–2024
Unitemized GrantFY2024$349,447
Unitemized GrantFY2023$385,427
Unitemized GrantFY2022$323,504
Unitemized GrantFY2021$196,399
Unitemized GrantFY2020$260,278
Unitemized GrantFY2020$171,752
Unitemized GrantFY2019$170,800
Unitemized GrantFY2019$110,428

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$3.7M
Ln 12
Fees for servicesLn 2g$3.2M
Gifts and grantsLn 1h$475K
Other incomeLn 4–11$17K
Money outPt IX
$3.7M
Ln 25
Programscol B$2.9M
Managementcol C$793K
Fundraisingcol D$7K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$19K
Total assetsLn 16$7.0M
LiabilitiesLn 26$5.8M
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$475K
Government grantsLn 1e$341K
Noncash giftsLn 1g$23K
Fundraising eventsLn 1c$4K
Fees for servicesLn 2g$3.2M
Other incomeLn 4–11$17K
Total revenueLn 12$3.7M
Assets in detailPt X, end of year
CashLn 1$19K
Cash and savings togetherLn 1–2$19K
Land, buildings, equipmentLn 10c$5.0M
Other assetsLn 15$22K
Total assetsLn 16$7.0M
LiabilitiesLn 26$5.8M
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 593
VolunteersI 6150
Fiscal year endsHeaderMay
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 FY21End FY21
Cash and savingsLn 1–2$160K$19K
Land, buildings, equipmentLn 10c$5.2M$5.0M
Total assetsLn 16$6.9M$7.0M
LiabilitiesLn 26$5.8M$5.8M
Net assetsLn 32$1.1M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$432K$432K
Other salaries and wagesLn 7$2.0M$1.5M$521K$0
Other employee benefitsLn 9$84K$52K$32K$0
Payroll taxesLn 10$127K$109K$18K$0
Accounting feesLn 11c$7K$0$7K$0
Other fees for servicesLn 11g$11K$11K
Advertising and promotionLn 12$25K$18K$0$7K
Office expensesLn 13$69K$36K$33K$2
Information technologyLn 14$59K$53K$6K$0
OccupancyLn 16$226K$169K$56K$0
TravelLn 17$16K$11K$6K$0
InterestLn 20$160K$120K$40K$0
Depreciation, depletion and amortizationLn 22$204K$149K$56K$0
InsuranceLn 23$30K$22K$7K$0
Other expenses (24a–d)Ln 24$235K$235K$0$0
Total functional expensesLn 25$3.7M$2.9M$793K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.0M$4.7M−$753K$569K 990 PDF
FY2024 $4.5M$5.0M−$503K$1.3M 990 PDF
FY2023 $4.9M$4.2M$614K$1.8M 990 PDF
FY2022 $3.4M$3.4M−$17K$1.2M 990 PDF
FY2021 Viewing $3.7M$3.7M$58K$1.2M 990 PDF
FY2020 $3.3M$3.3M−$17K$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 FY2021 990 (6 parts)
Part I · Summary $3,721,527 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $102,988$475,273
I-9 Program service revenuePrior year $3,129,587$3,229,224
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $50,471$17,030
I-12 Total revenuePrior year $3,283,046$3,721,527
I-13 Grants and similar amounts paidPrior year $281,228$432,029
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,971,319$2,189,834
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,047,979$1,041,955
I-18 Total expensesPrior year $3,300,526$3,663,818
I-19 Revenue less expensesPrior year −$17,480$57,709
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $3,721,527 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$3,854
VIII-1d Related organizations$0
VIII-1e Government grants$340,680
VIII-1f All other contributions, gifts and grants$130,739
VIII-1g Noncash contributions (included above)$23,215
VIII-1h Total contributions, gifts and grants$475,273
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,229,224 · Unrelated business $0 · Excluded from tax $0$3,229,224
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $8,242$8,242
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $8,788$8,788
VIII-12 Total revenueRelated to mission $3,229,224 · Unrelated business $0 · Excluded from tax $17,030$3,721,527
Part IX · Statement of functional expenses $3,663,818 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $432,029$432,029
IX-7 Other salaries and wagesPrograms $1,457,478 · Management $521,217 · Fundraising $0$1,978,695
IX-9 Other employee benefitsPrograms $52,311 · Management $31,702 · Fundraising $0$84,013
IX-10 Payroll taxesPrograms $109,278 · Management $17,848 · Fundraising $0$127,126
IX-11c Accounting feesPrograms $0 · Management $7,255 · Fundraising $0$7,255
IX-11g Other fees for servicesManagement $10,619$10,619
IX-12 Advertising and promotionPrograms $18,194 · Management $0 · Fundraising $6,853$25,047
IX-13 Office expensesPrograms $36,053 · Management $32,580 · Fundraising $2$68,635
IX-14 Information technologyPrograms $52,636 · Management $6,258 · Fundraising $0$58,894
IX-16 OccupancyPrograms $169,275 · Management $56,425 · Fundraising $0$225,700
IX-17 TravelPrograms $10,749 · Management $5,576 · Fundraising $0$16,325
IX-20 InterestPrograms $119,813 · Management $39,938 · Fundraising $0$159,751
IX-22 Depreciation, depletion and amortizationPrograms $148,614 · Management $55,754 · Fundraising $0$204,368
IX-23 InsurancePrograms $22,473 · Management $7,491 · Fundraising $0$29,964
IX-24 Other expenses (24a–d)Programs $235,397 · Management $0 · Fundraising $0$235,397
IX-25 Total functional expensesPrograms $2,864,300 · Management $792,663 · Fundraising $6,855$3,663,818
Part X · Balance sheet $7,032,559 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $160,289$18,511
X-4 Accounts receivableStart of year $1,584,157$2,002,048
X-10c Land, buildings and equipment, netStart of year $5,165,489$4,990,309
X-15 Other assetsStart of year $25,451$21,691
X-16 Total assetsStart of year $6,935,386$7,032,559
X-17 Accounts payable and accrued expensesStart of year $23,320$157,842
X-19 Deferred revenueStart of year $1,712,129$2,162,763
X-26 Total liabilitiesStart of year $5,797,919$5,842,383
X-27 Net assets without donor restrictionsStart of year $1,137,467$1,190,176
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,137,467$1,190,176
X-33 Total liabilities and net assetsStart of year $6,935,386$7,032,559
Part XI · Reconciliation of net assets $1,190,176 net assets at year end
XI-1 Total revenue$3,721,527
XI-2 Total expenses$3,663,818
XI-3 Revenue less expenses$57,709
XI-4 Net assets at start of year$1,137,467
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$5,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,190,176

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

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