Potomac Academy Corp EIN 87-1348785 Form 990 (PDF) Claim this org

Potomac Academy Corp

Not yet claimed Claim this org →

Teaches students business, entrepreneurship, and leadership skills for community impact. For fiscal year 2024 it reported $219K in revenue, $37K in expenses, and $261K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Great Falls, VA
Filings
1 on file (2024–2024)
Revenue
$219KFY2024
Expenses
$37K
Net assets
$261K
People
3
Filings
1
Updates
0
More identity details & actions ⌄
EIN  87-1348785 Public charity (501(c)(3)) Great Falls, VA
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Potomac Academy Corp claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Teaches students business, entrepreneurship, and leadership skills for community impact.
Leadership
Jasper Li · Director
Money in and out
$219K revenue, $37K expenses
Bottom line
83% program efficiency
Where the money goes · FY2024
Total revenue
$219K
Pt VIII · Ln 12
Total expenses
$37K
Pt IX · Ln 25
Net assets
$261K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $182K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.13 Fundraising $0.04
Program efficiency
83%
of spending reaches programs
Operating runway
84.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+83%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total revenue
$219K
Pt VIII · Ln 12
Total expenses
$37K
Pt IX · Ln 25
Net assets
$261K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$182K
Total assetsPt X · Ln 16$261K
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPotomac Academy Corp
EINHdr · item D87-1348785
Principal addressHdr · item CGreat Falls, VA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFSep 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Potomac Academy Corp executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $31K of program spending, described in the organization's own filed words · FY2024.
01

This summers entrepreneurship camp successfully engaged young students in developing core business and leadership skills through interactive workshops, team projects, and mentorship sessions. Participants created and pitched their own business ideas, gaining hands-on experience in planning, problem-solving, and collaboration.

$31Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants100%$219K
Total revenueLn 12$219K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.13 Fundraising $0.04
Program services83%$31K
Management & general13%$5K
Fundraising4%$2K
Total functional expensesLn 25$37K

Balance Sheet

Part X · end of year
CashLn 1$261K
Total assetsLn 16$261K
Total liabilitiesLn 26$0
Total net assetsLn 32$261K
Months of cash on handcomputed84.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $261K · Operating expenses/yr $37K
84.3 months
Where the money goes
Program services
Program services $31K · Total expenses $37K
83%
Management & General
Management & general $5K · Total expenses $37K
13%
Fundraising
Fundraising $2K · Total expenses $37K
4%
Cost to raise $1
Fundraising expense $2K · Solicited contributions $219K
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $219K · Total revenue $219K
100%
Government reliance
Government grants — · Total revenue $219K
Earned-income share
Program service revenue $0 · Total revenue $219K
0%
Investment reliance
Investment income $0 · Total revenue $219K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $37K
0%
Growth & trend
Revenue growth (YoY)
This year $219K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $261K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $219K · Expenses $37K
+83%
Liabilities-to-Assets
Total liabilities — · Total assets $261K
Net-asset ratio
Net assets $261K · Total assets $261K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $261K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jasper Li · Reported title Director · Highest reported compensation $0 · Total expenses $37K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $37K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 13%
Fundraising cost ratio 0.7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Similar Organizations

Closest in mission — by what they do
See all organizations like Potomac Academy Corp →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$219K revenue · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

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 peer-cohort and compensation comparisons above.