Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2022.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
80 cents of each dollar spent went to programs.
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
5 people listed on the 990; $46K paid to officers and key staff.
Lindsey Jones’s $72K as Director is at the 64th 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 · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Lindsey Jones | $72,000 | $72,000 | $66,000 | — |
| Norton T Jones | $48,000 | $48,000 | $44,000 | $4,000 |
| Lindsey O Jones | — | — | — | $42,000 |
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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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 15aYes
Programs and updates
Educates K-8 children with dyslexia and learning differences to help them thrive.
Questions for Mbc Academy INC
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The school accomplishes its goals by utilizing a combination of kentucky approved educational curriculums for subjects as math, science, and reading, providing time for occupational therapy and speech therapy, and maintaining a strong focus on reading intervention.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $18K | |
| Total assetsLn 16 | $0 | $21K |
| LiabilitiesLn 26 | $0 | $33K |
| Net assetsLn 32 | $0 | −$12K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $46K | $37K | $9K | |
| Other salaries and wagesLn 7 | $195K | $156K | $39K | |
| Payroll taxesLn 10 | $22K | $18K | $4K | |
| Other fees for servicesLn 11g | $136K | $109K | $27K | |
| Office expensesLn 13 | $19K | $15K | $4K | |
| Information technologyLn 14 | $4K | $3K | $804 | |
| OccupancyLn 16 | $57K | $45K | $11K | |
| TravelLn 17 | $250 | $200 | $50 | |
| Conferences, conventions and meetingsLn 19 | $2K | $1K | $345 | |
| Other expenses (24a–d)Ln 24 | $12K | $10K | $2K | |
| All other expensesLn 24e | $85K | $68K | $17K | |
| Total functional expensesLn 25 | $579K | $463K | $116K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $873K | $774K | $100K | $147K | 990 PDF |
| FY2023 | $652K | $660K | −$8K | $41K | 990 PDF |
| FY2022 | $736K | $675K | $62K | $49K | 990 PDF |
| FY2021 Viewing | $566K | $579K | −$12K | −$12K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $566,287 revenue, 12 lines filed
Part VI · Governance 3 of 5 board members independent, 3 to look at
Part VIII · Statement of revenue $566,287 across 2 lines filed
Part IX · Statement of functional expenses $578,589 across 11 lines filed
Part X · Balance sheet $21,196 assets, 8 lines filed
Part XI · Reconciliation of net assets −$12,302 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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