The Humanist Academy EIN 81-0993772 Form 990 (PDF) Claim this org

The Humanist Academy

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Inspiring children to discover world-changing callings through their experiences. For fiscal year 2024 it reported $892K in revenue, $774K in expenses, and $818K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Irving, TX
Website
www.thehumanistacademy.org
Filings
5 on file (2020–2024)
Revenue
$892KFY2024
Expenses
$774K
Net assets
$818K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-0993772 Public charity (501(c)(3)) Irving, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Inspiring children to discover world-changing callings through their experiences.
Leadership
Vijay Shah · President · $84K
Money in and out
$892K revenue, $774K expenses
Bottom line
96% program efficiency
Where the money goes · FY2024
Total revenue
$892K
Pt VIII · Ln 12
Total expenses
$774K
Pt IX · Ln 25
Net assets
$818K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $118K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.01 Fundraising $0.03
Program efficiency
96%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
12.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+13%
revenue over expenses, this year▼ -53% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$892K
FY2024▼ -10%
Expenses
$774K
FY2024▲ +8%
Total assets
$909K
FY2024
Total liabilities
$92K
FY2024
Total revenue
$892K
Pt VIII · Ln 12
Total expenses
$774K
Pt IX · Ln 25
Net assets
$818K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$118K
Total assetsPt X · Ln 16$909K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Humanist Academy
EINHdr · item D81-0993772
Principal addressHdr · item CIrving, TX
WebsiteHdr · item Jwww.thehumanistacademy.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B20)
Ruling yearIRS BMFJul 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$83,650Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A
Treasurer and Secretary
$0Pt VII · Sec A

Vijay Shah’s $84K as President is at the 75th percentile of top reported officer pay among 1616 $100K–1M 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

NameFY2024FY2023FY2022FY2021FY2020
Vijay Shah$83,650$75,250$67,875$69,000$72,000

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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Mission & Programs · Part III

Where the work happens

1 program service account for $745K of program spending, described in the organization's own filed words · FY2024.
01

The humanist academy is a non-profit private school that offers a world-class education to a diverse community of 54 learners at a tuition rate almost half the cost of other private schools in the area inspired by acton academy in austin, our innovative model emphasizes hands on, experiential learning, in a multi-aged classroom of young…

$745Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$810K · 91%
Contributions & grants$61K · 7%
Investment income$22K · 2%
Program service revenue91%$810K
Contributions & grants7%$61K
Investment income2%$22K
Other revenue$166
Total revenueLn 12$892K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.01 Fundraising $0.03
Program services96%$745K
Management & general1%$5K
Fundraising3%$24K
Total functional expensesLn 25$774K

Balance Sheet

Part X · end of year
CashLn 1$787K
Total assetsLn 16$909K
Total liabilitiesLn 26$92K
Total net assetsLn 32$818K
Months of cash on handcomputed12.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $787K · Operating expenses/yr $774K
12.2 months
Where the money goes
Program services
Program services $745K · Total expenses $774K
96%
Management & General
Management & general $5K · Total expenses $774K
0.7%
Fundraising
Fundraising $24K · Total expenses $774K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $8K · Solicited contributions (3-yr avg) $53K
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $61K · Total revenue $892K
7%
Government reliance
Government grants — · Total revenue $892K
Earned-income share
Program service revenue $810K · Total revenue $892K
91%
Investment reliance
Investment income $22K · Total revenue $892K
+2%
Program self-sufficiency
Program service revenue $810K · Total expenses $774K
105%
Growth & trend
Revenue growth (YoY)
This year $892K · Prior year $993K
-10%
Revenue CAGR
FY2020 $458K · FY2024 $892K
+18%
Net-asset trend (YoY)
End of year $818K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $892K · Expenses $774K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $909K
Net-asset ratio
Net assets $818K · Total assets $909K
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $909K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Vijay Shah · Reported title PRESIDENT · Highest reported compensation $84K · Total expenses $774K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $470K · Total expenses $774K
61%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 0.7%
Fundraising cost ratio 40%
Revenue growth -10%
Accounting fee ratio 0.5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$8K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$892K revenue · viewing · ⤓ 990 PDF
FY2023$993K revenue · ⤓ 990 PDF
FY2022$693K revenue · ⤓ 990 PDF
FY2021$496K revenue · ⤓ 990 PDF
FY2020$458K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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