Generations Academy Corp: FY2022 Nonprofit Profile & Form 990 (EIN 86-3299903)

Revenue by fiscal year
FY2021	$528K
FY2022	$228K
FY2024	$665K

Expenses by fiscal year
FY2021	$259K
FY2022	$230K
FY2024	$694K

Net assets by fiscal year
FY2021	$312K
FY2022	$311K
FY2024	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

69 cents of each dollar spent went to programs.

69%

31%

Program services 69% · $158K Management & general 31% · $71K

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.

Part VII, Section A · reportable compensation

Kevin Schippers

Chairman

$0Pt VII · Sec A

Heather Frisinger

Secretary

$0Pt VII · Sec A

Sandi Polzin

President

$0Pt VII · Sec A

Tom Herro

Board Member

$0Pt VII · Sec A

John McBride

Board Member

$0Pt VII · Sec A

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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

Nurtures young learners' passions through innovative, lifelong K12 education.

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Provided by the organization

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1 program · $213K · in their own filed words · FY2022

01

Non-denominational christian K-12 school teaching quality education and life skills.

$213Kprogram 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 · FY2024

Thrivent Charitable Impact & InvestingFY2024$14K

Total grants receivedfrom 1 funder$14K

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$228K

Ln 12

Fees for servicesLn 2g$166K

Gifts and grantsLn 1h$62K

Money outPt IX

$230K

Ln 25

Programscol B$158K

Managementcol C$71K

Owns and owesPt X

$311K

net assets · Ln 32

Cash and savingsLn 1–2$82K

Total assetsLn 16$348K

LiabilitiesLn 26$38K

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a0

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$62K

Fees for servicesLn 2g$166K

Total revenueLn 12$228K

Assets in detailPt X, end of year

CashLn 1$82K

Cash and savings togetherLn 1–2$82K

Land, buildings, equipmentLn 10c$267K

Total assetsLn 16$348K

LiabilitiesLn 26$38K

Net assetsLn 32$311K

OperationsPt I, VI

EmployeesI 50

VolunteersI 666

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$110K	$82K
Land, buildings, equipmentLn 10c	$276K	$267K
Total assetsLn 16	$386K	$348K
LiabilitiesLn 26	$74K	$38K
Net assetsLn 32	$312K	$311K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$117K	$117K
Payroll taxesLn 10	$12K	$12K
Legal feesLn 11b	$120		$120
Accounting feesLn 11c	$2K		$2K
Advertising and promotionLn 12	$306		$306
Office expensesLn 13	$25K	$25K
Information technologyLn 14	$1K	$1K
RoyaltiesLn 15	$5K		$5K
OccupancyLn 16	$39K		$39K
TravelLn 17	$12K		$12K
Depreciation, depletion and amortizationLn 22	$9K		$9K
InsuranceLn 23	$3K	$873	$2K
Other expenses (24a–d)Ln 24	$3K	$2K	$999
All other expensesLn 24e	$51	$26	$25
Total functional expensesLn 25	$230K	$158K	$71K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$665K	$694K	−$29K	$0	990 PDF
FY2023	Not on file
FY2022 Viewing	$228K	$230K	−$1K	$311K	990 PDF
FY2021	$528K	$259K	$269K	$312K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2022 990 (6 parts)

Part I · Summary $228,333 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $377,701$61,893

I-9 Program service revenuePrior year $150,096$166,440

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenuePrior year $527,797$228,333

I-13 Grants and similar amounts paidPrior year $18,889$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $112,441$128,874

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $127,220$100,662

I-18 Total expensesPrior year $258,550$229,536

I-19 Revenue less expensesPrior year $269,247−$1,203

Part VI · Governance 4 to look at

VI-1a Voting members of the governing body0

VI-1b Independent voting members0

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 $228,333 across 6 lines filed

VIII-1a Federated campaigns$52,000

VIII-1f All other contributions, gifts and grants$9,893

VIII-1h Total contributions, gifts and grants$61,893

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $166,440$166,440

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $166,440$228,333

Part IX · Statement of functional expenses $229,536 across 14 lines filed

IX-7 Other salaries and wagesPrograms $117,123$117,123

IX-10 Payroll taxesPrograms $11,751$11,751

IX-11b Legal feesManagement $120$120

IX-11c Accounting feesManagement $2,000$2,000

IX-12 Advertising and promotionManagement $306$306

IX-13 Office expensesPrograms $25,361$25,361

IX-14 Information technologyPrograms $1,454$1,454

IX-15 RoyaltiesManagement $5,249$5,249

IX-16 OccupancyManagement $39,040$39,040

IX-17 TravelManagement $11,781$11,781

IX-22 Depreciation, depletion and amortizationManagement $9,396$9,396

IX-23 InsurancePrograms $873 · Management $2,500$3,373

IX-24 Other expenses (24a–d)Programs $1,532 · Management $999$2,531

IX-24e All other expensesPrograms $26 · Management $25$51

IX-25 Total functional expensesPrograms $158,120 · Management $71,416 · Fundraising $0$229,536

Part X · Balance sheet $348,257 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $109,987$82,203

X-4 Accounts receivableStart of year −$880−$960

X-10c Land, buildings and equipment, netStart of year $276,410$267,014

X-16 Total assetsStart of year $385,517$348,257

X-17 Accounts payable and accrued expensesStart of year $5,479$1,565

X-19 Deferred revenueStart of year $64,092$22,200

X-25 Other liabilitiesStart of year $4,199$13,948

X-26 Total liabilitiesStart of year $73,770$37,713

X-27 Net assets without donor restrictionsStart of year $273,747$254,744

X-28 Net assets with donor restrictionsStart of year $38,000$55,800

X-32 Total net assets or fund balancesStart of year $311,747$310,544

X-33 Total liabilities and net assetsStart of year $385,517$348,257

Part XI · Reconciliation of net assets $310,544 net assets at year end

XI-1 Total revenue$228,333

XI-2 Total expenses$229,536

XI-3 Revenue less expenses−$1,203

XI-4 Net assets at start of year$311,747

XI-10 Net assets at end of year$310,544

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

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Generations Academy Corp FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Generations Academy Corp

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV