philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Ovation Academy FY2020 filing

IRS exemption revoked

Mc Kinney, TXUnknown exempt organization EIN 82-5263677Revenue $335K in FY2020

On file with the IRSovationapa.org804 W Louisiana St · Mc Kinney, TX

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The studio provides a place for performers to pursue their passion of the arts through professional style training in technique, life-skills, experiences, and the connections necessary to succeed in the arts industry.

87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · 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
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $13K a year · 4% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $19K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 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
$335K
Spent
$298K
To programs
87%
Net assets
$45K
By yearFY2020–FY2021
Revenue
$335K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$335K
FY2021$301K
Expenses
$298K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$298K
FY2021$313K
Net assets
$45K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$45K
FY2021−$6K

From the FY2020 Form 990 (year ending July 2020) · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on December 15, 2024
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $260K Management & general 11% · $32K Fundraising 2% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Angi Burns
President & Executive Director
$0Pt VII · Sec A
Wendy McIntyre
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Ana Gonzalez
Director
$0Pt VII · Sec A
Amy Lacey
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Lacey Combs
Director
$0Pt VII · Sec A
See Ovation Academy executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Trains performers in technique, life skills, and industry connections to succeed in the arts.

Questions for Ovation Academy

Tap to ask. Ovation Academy sees how many people are interested.

Your first name shows with your question. Ovation Academy answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $260K · in their own filed words · FY2019
01

Arts education including dance, theatre, and music while completing a high school curriculum.

$260Kprogram 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 · FY2021
Love Life FoundationFY2021$18K
Texas Instruments FoundationFY2021$100
Total grants receivedfrom 2 funders$19K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$335K
Ln 12
Fees for servicesLn 2g$181K
Gifts and grantsLn 1h$153K
Money outPt IX
$298K
Ln 25
Programscol B$260K
Managementcol C$32K
Fundraisingcol D$6K
Owns and owesPt X
$45K
net assets · Ln 32
Cash and savingsLn 1–2$12K
Total assetsLn 16$45K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$153K
Fees for servicesLn 2g$181K
Total revenueLn 12$335K
Assets in detailPt X, end of year
CashLn 1$12K
Cash and savings togetherLn 1–2$12K
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$45K
LiabilitiesLn 26$0
Net assetsLn 32$45K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderJuly
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 FY20End FY20
Cash and savingsLn 1–2$6K$12K
Land, buildings, equipmentLn 10c$2K$4K
Total assetsLn 16$18K$45K
LiabilitiesLn 26$100$0
Net assetsLn 32$18K$45K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$23K$6K$17K
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$12K$6K$6K
Office expensesLn 13$10K$9K$968
OccupancyLn 16$77K$69K$8K
InterestLn 20$228$228
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$3K$3K$337
Other expenses (24a–d)Ln 24$171K$167K$4K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$298K$260K$32K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $301K$313K−$11K−$6K 990 PDF
FY2020 Viewing $335K$298K$37K$45K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $334,703 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $42,102$153,207
I-9 Program service revenuePrior year $206,808$181,496
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $248,910$334,703
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$22,998
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $238,801$274,877
I-18 Total expensesPrior year $238,801$297,875
I-19 Revenue less expensesPrior year $10,109$36,828
Part VI · Governance 5 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
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 $334,703 across 6 lines filed
VIII-1f All other contributions, gifts and grants$153,207
VIII-1h Total contributions, gifts and grants$153,207
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $181,496$181,496
VIII-6 Net rental income or loss$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $181,496 · Unrelated business $0 · Excluded from tax $0$334,703
Part IX · Statement of functional expenses $297,875 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $5,749 · Management $17,249$22,998
IX-11c Accounting feesManagement $1,162$1,162
IX-12 Advertising and promotionPrograms $6,200 · Fundraising $6,281$12,481
IX-13 Office expensesPrograms $8,709 · Management $968$9,677
IX-16 OccupancyPrograms $69,012 · Management $7,668$76,680
IX-20 InterestPrograms $228$228
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $3,033 · Management $337$3,370
IX-24 Other expenses (24a–d)Programs $166,920 · Management $4,359$171,279
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $259,851 · Management $31,743 · Fundraising $6,281$297,875
Part X · Balance sheet $45,178 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $5,654$12,051
X-4 Accounts receivableStart of year $10,222$28,989
X-10c Land, buildings and equipment, netStart of year $1,789$4,138
X-16 Total assetsStart of year $17,665$45,178
X-17 Accounts payable and accrued expensesStart of year $100$0
X-26 Total liabilitiesStart of year $100$0
X-32 Total net assets or fund balancesStart of year $17,565$45,178
X-33 Total liabilities and net assetsStart of year $17,665$45,178
Part XI · Reconciliation of net assets $45,178 net assets at year end
XI-1 Total revenue$334,703
XI-2 Total expenses$297,875
XI-3 Revenue less expenses$36,828
XI-4 Net assets at start of year$17,565
XI-8 Prior period adjustments−$9,215
XI-10 Net assets at end of year$45,178

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.