Linabean Academy INC

IRS exemption revoked

Tampa, FL501(c)(3)EducationEIN 81-2767446

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Educate special needs children and families

100¢ of each $1 spent went to programs.
$99K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $113K a year · 22% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$99K
to officers and key staff · 20% of spending
Top officer’s pay higher than 71% of similar orgs
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $28
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$264K
97% of total assets
Concern: liabilities are 97% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$577K
-4% vs prior year
Spent
$491K
To programs
100%
Net assets
$9K
By yearFY2020–FY2022
Revenue
$577K
FY2022▼ -4%
Revenue by fiscal year
FY2020$360K
FY2021$601K
FY2022$577K
Expenses
$491K
FY2022▲ +12%
Expenses by fiscal year
FY2020$269K
FY2021$437K
FY2022$491K
Net assets
$9K
FY2022▼ -88%
Net assets by fiscal year
FY2020$128K
FY2021$72K
FY2022$9K

From the FY2022 Form 990 · see the original

IRS revoked this organization's tax-exempt status on May 15, 2026

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Oct 2016.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $491K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990; $99K paid to officers and key staff.

Part VII, Section A · reportable compensation
$79,239Pt VII · Sec A
Vice President
$19,816Pt VII · Sec A

Ischolina Will’s $79K as President is at the 71st percentile of top reported officer pay among 1613 $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 · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Ischolina Will$79,239$65,950$59,423
James Wiliams$19,816$19,400$19,660

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates children with special needs and their families.

Provided by the organization

This section is blank until Linabean Academy INC claims this page.

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1 program service account for $491K of program spending, described in the organization's own filed words · FY2022.
01

Student education

$491Kprogram expense

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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
Total grants receivedfrom 1 funder$28

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$577K
Ln 12
Gifts and grantsLn 1h$453K
Other incomeLn 4–11$123K
Money outPt IX
$491K
Ln 25
Programscol B$491K
Owns and owesPt X
$9K
net assets · Ln 32
Cash and savingsLn 1–2$241K
Total assetsLn 16$273K
LiabilitiesLn 26$264K
PeoplePt VI, VII
2
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$453K
Government grantsLn 1e$453K
Other incomeLn 4–11$123K
Total revenueLn 12$577K
Assets in detailPt X, end of year
CashLn 1$241K
Cash and savings togetherLn 1–2$241K
Land, buildings, equipmentLn 10c$5K
Other assetsLn 15$27K
Total assetsLn 16$273K
LiabilitiesLn 26$264K
Net assetsLn 32$9K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$180K$241K
Land, buildings, equipmentLn 10c$5K$5K
Total assetsLn 16$214K$273K
LiabilitiesLn 26$143K$264K
Net assetsLn 32$72K$9K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$75K$75K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$120$120
Office expensesLn 13$371K$371K
OccupancyLn 16$11K$11K
TravelLn 17$16K$16K
InsuranceLn 23$6K$6K
Total functional expensesLn 25$491K$491K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $577K$491K$86K$9K 990 PDF
FY2021 $601K$437K$164K$72K 990 PDF
FY2020 $360K$269K$91K$128K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $576,702 across 5 lines filed
VIII-1e Government grants$453,302
VIII-1h Total contributions, gifts and grants$453,302
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $123,400$123,400
VIII-12 Total revenueRelated to mission $123,400$576,702
Part IX · Statement of functional expenses $491,160 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $75,239$75,239
IX-10 Payroll taxesPrograms $6,060$6,060
IX-11c Accounting feesPrograms $6,000$6,000
IX-12 Advertising and promotionPrograms $120$120
IX-13 Office expensesPrograms $371,258$371,258
IX-16 OccupancyPrograms $10,800$10,800
IX-17 TravelPrograms $15,791$15,791
IX-23 InsurancePrograms $5,892$5,892
IX-25 Total functional expensesPrograms $491,160 · Management $0 · Fundraising $0$491,160
Part X · Balance sheet $272,584 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $179,644$241,388
X-10c Land, buildings and equipment, netStart of year $4,591$4,591
X-15 Other assetsStart of year $26,605$26,605
X-16 Total assetsStart of year $214,340$272,584
X-24 Unsecured notes and loans payableStart of year $126,500$249,900
X-25 Other liabilitiesStart of year $16,295$13,808
X-26 Total liabilitiesStart of year $142,795$263,708
X-27 Net assets without donor restrictionsStart of year $71,545$8,876
X-32 Total net assets or fund balancesStart of year $71,545$8,876
X-33 Total liabilities and net assetsStart of year $214,340$272,584
Part XI · Reconciliation of net assets $8,876 net assets at year end
XI-1 Total revenue$576,702
XI-2 Total expenses$491,160
XI-3 Revenue less expenses$85,542
XI-4 Net assets at start of year$71,545
XI-10 Net assets at end of year$8,876

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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