Chapin Academy Incorporated

Tax-deductible

Chapin, SC501(c)(3)Since 2016EducationEIN 81-4373979Revenue $402K in FY2025

On file with the IRSchapinacademy.comPo Box 185, 29036-0185 · Chapin, SCTax-exempt since Apr 2019School — 170(b)(1)(A)(ii)

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Chapin Academy blends the best of homeschooling and private, christianeducation by partnering with families to develop college-worthydisciples of christ for future generations.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$106K 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
4 of 5
filings with a surplus
Average surplus $27K a year · 8% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$106K
to officers and key staff · 28% of spending
Top officer’s pay lower than 65% of similar orgs
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$402K
-3% vs prior year
Spent
$378K
To programs
93%
Net assets
$212K
By yearFY2021–FY2025
Revenue
$402K
FY2025▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2021$306K
FY2022$307K
FY2023$332K
FY2024$414K
FY2025$402K
Expenses
$378K
FY2025▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2021$256K
FY2022$286K
FY2023$335K
FY2024$371K
FY2025$378K
Net assets
$212K
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2021$125K
FY2022$147K
FY2023$143K
FY2024$187K
FY2025$212K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2019.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $350K Management & general 7% · $28K

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

6 people listed on the 990; $106K 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
Administrator
$44,906Pt VII · Sec A
Administrator
$43,231Pt VII · Sec A
Business Manager
$18,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Rebecca Davis’s $45K as Administrator is at the 35th 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Rebecca Davis$44,906$35,807$34,648$31,160$22,500
Jennifer S Hammond$43,231$35,167$34,163—$22,500
Jennifer Shawn Hammond———$29,720—
Michael Davis$18,000$17,583$17,760$14,000$10,875

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

Partnering with families to provide Christian education and develop college-ready disciples.

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Provided by the organization

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1 program · $350K · in their own filed words · FY2024
01

Chapin academy blends the best of homeschooling and private, christianeducation by partnering with families to develop college-worthydisciples of christ for future GENERATIONS.HTTPS://WWW.CHAPINACADEMY.COM/

$350Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$402K
Ln 12
Fees for servicesLn 2g$399K
Investment incomeLn 3$4K
Money outPt IX
$378K
Ln 25
Programscol B$350K
Managementcol C$28K
Owns and owesPt X
$212K
net assets · Ln 32
Cash and savingsLn 1–2$215K
Total assetsLn 16$217K
LiabilitiesLn 26$5K
PeoplePt VI, VII
6
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$399K
Investment incomeLn 3$4K
Total revenueLn 12$402K
Assets in detailPt X, end of year
CashLn 1$215K
Cash and savings togetherLn 1–2$215K
Total assetsLn 16$217K
LiabilitiesLn 26$5K
Net assetsLn 32$212K
OperationsPt I, VI
EmployeesI 532
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$195K$215K
Total assetsLn 16$195K$217K
LiabilitiesLn 26$8K$5K
Net assetsLn 32$187K$212K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$106K$106K
Other salaries and wagesLn 7$166K$166K
Pension plan contributionsLn 8$3K$3K
Payroll taxesLn 10$21K$21K
Accounting feesLn 11c$651$651
Other fees for servicesLn 11g$8K$8K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$466$466
OccupancyLn 16$8K$8K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$57K$57K
All other expensesLn 24e$180$180
Total functional expensesLn 25$378K$350K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $402K$378K$25K$212K 990 PDF
FY2024 $414K$371K$43K$187K 990 PDF
FY2023 $332K$335K−$3K$143K 990 PDF
FY2022 $307K$286K$22K$147K 990 PDF
FY2021 $306K$256K$50K$125K 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 $402,499 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $413,350$398,615
I-10 Investment incomePrior year $1,065$3,884
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $414,415$402,499
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 $304,553$295,979
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $66,600$81,545
I-18 Total expensesPrior year $371,153$377,524
I-19 Revenue less expensesPrior year $43,262$24,975
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $402,499 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $398,615$398,615
VIII-3 Investment incomeRelated to mission $3,884$3,884
VIII-12 Total revenueRelated to mission $402,499 · Unrelated business $0 · Excluded from tax $0$402,499
Part IX · Statement of functional expenses $377,524 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $106,137$106,137
IX-7 Other salaries and wagesPrograms $165,775$165,775
IX-8 Pension plan contributionsManagement $3,184$3,184
IX-10 Payroll taxesPrograms $20,883$20,883
IX-11c Accounting feesManagement $651$651
IX-11g Other fees for servicesManagement $7,749$7,749
IX-12 Advertising and promotionManagement $3,877$3,877
IX-13 Office expensesManagement $466$466
IX-16 OccupancyManagement $7,500$7,500
IX-23 InsuranceManagement $4,349$4,349
IX-24 Other expenses (24a–d)Programs $56,773$56,773
IX-24e All other expensesPrograms $180$180
IX-25 Total functional expensesPrograms $349,748 · Management $27,776 · Fundraising $0$377,524
Part X · Balance sheet $216,582 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $194,703$214,958
X-4 Accounts receivable$1,624
X-16 Total assetsStart of year $194,703$216,582
X-17 Accounts payable and accrued expensesStart of year $8,059$4,963
X-26 Total liabilitiesStart of year $8,059$4,963
X-32 Total net assets or fund balancesStart of year $186,644$211,619
X-33 Total liabilities and net assetsStart of year $194,703$216,582
Part XI · Reconciliation of net assets $211,619 net assets at year end
XI-1 Total revenue$402,499
XI-2 Total expenses$377,524
XI-3 Revenue less expenses$24,975
XI-4 Net assets at start of year$186,644
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$211,619

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

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