Ed Ahead INC FY2024 filing

Tax-deductible

Tucson, AZ501(c)(3)Since 1962EIN 86-6053208Revenue $434K in FY2024

On file with the IRSacademyadventuresmidtown.com5491 N Stonehouse Pl, 85750-9674 · Tucson, AZTax-exempt since Mar 1961Publicly supported charity — 170(b)(1)(A)(vi)

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Academy Adventures Midtown is based on the philosophy that each child grows physically, emotionally and intellectually in diverse ways and at different rates. We address differences by providing student appropriate activities, experimental learning, diverse learning centers, high teacher/student interactivity, and by use of a multi-age, multi-grade environment.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$89K 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 surplus $27K a year · 5% 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
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$89K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$148K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$434K
-38% vs prior year
Spent
$509K
To programs
83%
Net assets
$237K
By yearFY2020–FY2025
Revenue
$434K
FY2024▼ -38%
Tap a bar for its year
Revenue by fiscal year
FY2020$415K
FY2021$512K
FY2022$606K
FY2023$696K
FY2024$434K
FY2025$506K
Expenses
$509K
FY2024▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$473K
FY2021$491K
FY2022$606K
FY2023$542K
FY2024$509K
FY2025$385K
Net assets
$237K
FY2024▼ -24%
Tap a bar for its year
Net assets by fiscal year
FY2020$135K
FY2021$156K
FY2022$156K
FY2023$312K
FY2024$237K
FY2025$358K

From the FY2024 Form 990 (year ending June 2024) · 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 Mar 1961.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $423K Management & general 17% · $86K

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

4 people listed on the 990; $89K 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
President/Director
$89,211Pt VII · Sec A
Board Member/ Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
John T Penczar$104,998$89,211$102,969$86,659$90,000$98,125

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

Empowers low-income families to build on their strengths in a safe, nurturing environment.

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Provided by the organization

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1 program · $423K · in their own filed words · FY2023
01

Provide the highest level of charter school education beginning with grades K-5 to over 60 students.

$423Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$16

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$434K
Ln 12
Gifts and grantsLn 1h$421K
Other incomeLn 4–11$9K
Investment incomeLn 3$4K
Money outPt IX
$509K
Ln 25
Programscol B$423K
Managementcol C$86K
Owns and owesPt X
$237K
net assets · Ln 32
Cash and savingsLn 1–2$52K
Total assetsLn 16$385K
LiabilitiesLn 26$148K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$421K
Government grantsLn 1e$421K
Investment incomeLn 3$4K
Other incomeLn 4–11$9K
Gains on assetsLn 7$0
Total revenueLn 12$434K
Assets in detailPt X, end of year
CashLn 1$52K
SavingsLn 2$0
Cash and savings togetherLn 1–2$52K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$274K
Other assetsLn 15$0
Total assetsLn 16$385K
LiabilitiesLn 26$148K
Net assetsLn 32$237K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$168K$52K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$282K$274K
Total assetsLn 16$466K$385K
LiabilitiesLn 26$155K$148K
Net assetsLn 32$312K$237K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$319K$279K$40K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$967$967
Payroll taxesLn 10$24K$21K$3K
Management feesLn 11a$0
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$12K$12K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$64K$49K$14K
Advertising and promotionLn 12$0
Office expensesLn 13$7K$7K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$26K$23K$3K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$7K$7K$749
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$9K$8K$866
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$38K$34K$4K$0
Total functional expensesLn 25$509K$423K$86K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $506K$385K$121K$358K 990 PDF
FY2024 Viewing $434K$509K−$74K$237K 990 PDF
FY2023 $696K$542K$155K$312K 990 PDF
FY2022 $606K$606K−$269$156K 990 PDF
FY2021 $512K$491K$21K$156K 990 PDF
FY2020 $415K$473K−$58K$135K 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 FY2024 990 (6 parts)
Part I · Summary $434,225 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $694,259$421,022
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,626$3,927
I-11 Other revenuePrior year $435$9,276
I-12 Total revenuePrior year $696,320$434,225
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 $399,347$344,608
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $142,374$164,047
I-18 Total expensesPrior year $541,721$508,655
I-19 Revenue less expensesPrior year $154,599−$74,430
Part VI · Governance 3 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $434,225 across 9 lines filed
VIII-1e Government grants$421,022
VIII-1h Total contributions, gifts and grants$421,022
VIII-3 Investment incomeExcluded from tax $3,927$3,927
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,276$9,276
VIII-12 Total revenueRelated to mission $9,276 · Excluded from tax $3,927$434,225
Part IX · Statement of functional expenses $508,655 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $279,209 · Management $39,987$319,196
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $967$967
IX-10 Payroll taxesPrograms $21,261 · Management $3,184$24,445
IX-11a Management fees$0
IX-11b Legal feesManagement $1,406$1,406
IX-11c Accounting feesManagement $12,500$12,500
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $49,235 · Management $14,356$63,591
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $6,638$6,638
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $23,486 · Management $2,610$26,096
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $6,738 · Management $749$7,487
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $7,789 · Management $866$8,655
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $33,905 · Management $3,769 · Fundraising $0$37,674
IX-25 Total functional expensesPrograms $422,590 · Management $86,065 · Fundraising $0$508,655
Part X · Balance sheet $384,658 assets, 24 lines filed
Asset lines not itemized here account for $21; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $167,919$51,708
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $15,628$58,935
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $282,486$273,831
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $323$163
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $466,377$384,658
X-17 Accounts payable and accrued expensesStart of year $13,125$18,103
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $154,767$147,857
X-27 Net assets without donor restrictionsStart of year $296,301$221,871
X-28 Net assets with donor restrictionsStart of year $15,309$14,930
X-32 Total net assets or fund balancesStart of year $311,610$236,801
X-33 Total liabilities and net assetsStart of year $466,377$384,658
Part XI · Reconciliation of net assets $236,801 net assets at year end
XI-1 Total revenue$434,225
XI-2 Total expenses$508,655
XI-3 Revenue less expenses−$74,430
XI-4 Net assets at start of year$311,610
XI-9 Other changes in net assets−$379
XI-10 Net assets at end of year$236,801

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

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