Through rigor, joy, and character development, Bloom Academy charter school prepares all kindergarten through fifth grade scholars for success in middle school, high school, and college, and to lead lives of positive impact in their communities.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$139K 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

FY2024 · 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
3 of 6
filings with a surplus
Average deficit $99K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$139K
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
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7.8M
97% of total assets
Concern: liabilities are 97% of assets; over 80%.
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
$6.5M
+29% vs prior year
Spent
$6.9M
To programs
90%
Net assets
$237K
By yearFY2020–FY2025
Revenue
$6.5M
FY2024▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2020$911K
FY2021$1.8M
FY2022$3.5M
FY2023$5.1M
FY2024$6.5M
FY2025$5.1M
Expenses
$6.9M
FY2024▲ +41%
Tap a bar for its year
Expenses by fiscal year
FY2020$918K
FY2021$1.4M
FY2022$3.5M
FY2023$4.9M
FY2024$6.9M
FY2025$5.9M
Net assets
$237K
FY2024▼ -60%
Tap a bar for its year
Net assets by fiscal year
FY2020$218K
FY2021$586K
FY2022$640K
FY2023$597K
FY2024$237K
FY2025−$600K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2017.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $6.2M Management & general 10% · $696K

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

7 people listed on the 990; $139K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Head of Scho
$139,054Pt VII · Sec A
$0Pt VII · Sec A
Board Secret
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Courtney Sales’s $142K as Head of Scho is at the 60th 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

NameFY2025FY2024FY2023FY2020
Courtney Sales$141,886$139,054$109,653$103,869

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.

See Bloom Academy INC executive salaries →

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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 15aNo

Programs and updates

Supports public elementary schools, serving kindergarten through fourth grade students.

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1 program · $6.2M · in their own filed words · FY2023
01

Through rigor, joy, and character development, bloom academy charter school prepares all kindegarten through fourth grade scholars for success in middle school, high school, and college, and to lead lives of positive impact in their communities.

$6.2Mprogram 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 · FY2022
Total grants receivedfrom 1 funder$30K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$6.5M
Ln 12
Fees for servicesLn 2g$6.5M
Other incomeLn 4–11$15K
Money outPt IX
$6.9M
Ln 25
Programscol B$6.2M
Managementcol C$696K
Owns and owesPt X
$237K
net assets · Ln 32
Cash and savingsLn 1–2$430K
Total assetsLn 16$8.1M
LiabilitiesLn 26$7.8M
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$6.5M
Other incomeLn 4–11$15K
Total revenueLn 12$6.5M
Assets in detailPt X, end of year
CashLn 1$430K
Cash and savings togetherLn 1–2$430K
Land, buildings, equipmentLn 10c$36K
Other assetsLn 15$6.8M
Total assetsLn 16$8.1M
LiabilitiesLn 26$7.8M
Net assetsLn 32$237K
OperationsPt I, VI
EmployeesI 593
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$488K$430K
Land, buildings, equipmentLn 10c$41K$36K
Total assetsLn 16$9.4M$8.1M
LiabilitiesLn 26$8.8M$7.8M
Net assetsLn 32$597K$237K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$139K$133K$7K
Other salaries and wagesLn 7$2.9M$2.7M$135K
Other employee benefitsLn 9$507K$483K$24K
Payroll taxesLn 10$57K$55K$2K
Legal feesLn 11b$124K$124K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$1.1M$1.0M$90K
OccupancyLn 16$173K$173K
TravelLn 17$17K$15K$2K
InterestLn 20$253K$253K
Depreciation, depletion and amortizationLn 22$587K$587K
InsuranceLn 23$35K$300$35K
Other expenses (24a–d)Ln 24$946K$944K$1K
All other expensesLn 24e$16K$10K$6K
Total functional expensesLn 25$6.9M$6.2M$696K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.1M$5.9M−$838K−$600K 990 PDF
FY2024 Viewing $6.5M$6.9M−$360K$237K 990 PDF
FY2023 $5.1M$4.9M$187K$597K 990 PDF
FY2022 $3.5M$3.5M$55K$640K 990 PDF
FY2021 $1.8M$1.4M$368K$586K 990 PDF
FY2020 $911K$918K−$7K$218K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $6,505,842 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $5,031,142$6,491,086
I-10 Investment income$0
I-11 Other revenuePrior year $20,123$14,756
I-12 Total revenuePrior year $5,051,265$6,505,842
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,673,867$3,582,052
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,190,332$3,283,489
I-18 Total expensesPrior year $4,864,199$6,865,541
I-19 Revenue less expensesPrior year $187,066−$359,699
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-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $6,505,842 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,491,086$6,491,086
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $14,756$14,756
VIII-12 Total revenueRelated to mission $6,505,842$6,505,842
Part IX · Statement of functional expenses $6,865,541 across 14 lines filed
IX-6 Pay of disqualified personsPrograms $132,519 · Management $6,535$139,054
IX-7 Other salaries and wagesPrograms $2,744,492 · Management $134,779$2,879,271
IX-9 Other employee benefitsPrograms $482,852 · Management $23,949$506,801
IX-10 Payroll taxesPrograms $54,877 · Management $2,049$56,926
IX-11b Legal feesManagement $123,674$123,674
IX-11c Accounting feesManagement $17,500$17,500
IX-11g Other fees for servicesPrograms $1,025,175 · Management $90,089$1,115,264
IX-16 OccupancyPrograms $172,824$172,824
IX-17 TravelPrograms $15,263 · Management $1,954$17,217
IX-20 InterestManagement $253,286$253,286
IX-22 Depreciation, depletion and amortizationPrograms $587,101$587,101
IX-23 InsurancePrograms $300 · Management $34,989$35,289
IX-24 Other expenses (24a–d)Programs $944,383 · Management $1,266$945,649
IX-24e All other expensesPrograms $10,056 · Management $5,629$15,685
IX-25 Total functional expensesPrograms $6,169,842 · Management $695,699 · Fundraising $0$6,865,541
Part X · Balance sheet $8,059,793 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $488,330$430,264
X-4 Accounts receivableStart of year $799,455$841,049
X-10c Land, buildings and equipment, netStart of year $41,140$36,485
X-15 Other assetsStart of year $8,059,240$6,751,995
X-16 Total assetsStart of year $9,388,165$8,059,793
X-17 Accounts payable and accrued expensesStart of year $563,616$618,144
X-19 Deferred revenueStart of year $274,704$87,910
X-24 Unsecured notes and loans payable$100,000
X-25 Other liabilitiesStart of year $7,952,981$7,016,574
X-26 Total liabilitiesStart of year $8,791,301$7,822,628
X-27 Net assets without donor restrictionsStart of year $147,408$191,160
X-28 Net assets with donor restrictionsStart of year $449,456$46,005
X-32 Total net assets or fund balancesStart of year $596,864$237,165
X-33 Total liabilities and net assetsStart of year $9,388,165$8,059,793
Part XI · Reconciliation of net assets $237,165 net assets at year end
XI-1 Total revenue$6,505,842
XI-2 Total expenses$6,865,541
XI-3 Revenue less expenses−$359,699
XI-4 Net assets at start of year$596,864
XI-10 Net assets at end of year$237,165

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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