Elements Academy Incorporated FY2024 filing

Tax-deductible

Braintree, MA501(c)(3)Since 2022EducationEIN 87-3960951Revenue $257K in FY2024

On file with the IRSelementsacademy.org25 Brow Ave, 02184-6309 · Braintree, MATax-exempt since Sep 2023School — 170(b)(1)(A)(ii)

This page gets seen. Tell your story. Claim this org.

Elements Academy is a nonprofit PreK-12 Microschool and Family Wellness Community for curious and creative children and families.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
0 of 3
filings with a surplus
Average deficit $38K a year · 12% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 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
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$215K
164% of total assets
Concern: liabilities are 164% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$257K
-37% vs prior year
Spent
$299K
To programs
87%
Net assets
−$84K
By yearFY2022–FY2025
Revenue
$257K
FY2024▼ -37%
Tap a bar for its year
Revenue by fiscal year
FY2022Not on file
FY2023$407K
FY2024$257K
FY2025$305K
Expenses
$299K
FY2024▼ -33%
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$447K
FY2024$299K
FY2025$339K
Net assets
−$84K
FY2024▼ -96%
Tap a bar for its year
Net assets by fiscal year
FY2022−$3K
FY2023−$43K
FY2024−$84K
FY2025−$118K

From the FY2024 Form 990 (year ending June 2024) · see the original

Give Claim
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 Sep 2023.

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% · $259K Management & general 13% · $39K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Tresurer
$0Pt VII · Sec A

Heather Dinino’s $7K as Executive Director is at the 6th 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.

See Elements Academy Incorporated executive salaries →

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

Something off? The org can add a note here. Claim this org to fix it.

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 II2 listed

Programs and updates

Educates curious children and supports families through a PreK-12 microschool and wellness community.

Questions for Elements Academy Incorporated

Tap to ask. Elements Academy Incorporated sees how many people are interested.

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

Provided by the organization

Know this organization? Claim it to add your story

1 program · $259K · in their own filed words · FY2023
01

The Microschool provides customized learning to a range of 25-40 students each year.The Family Wellness Community provides support, education, and opportunities for families to be more connected to one another. Through playgroups, parent support groups, and classes, our community programs have supported approximately 100 families.

$259Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$257K
Ln 12
Fees for servicesLn 2g$230K
Gifts and grantsLn 1h$27K
Money outPt IX
$299K
Ln 25
Programscol B$259K
Managementcol C$39K
Owns and owesPt X
−$84K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$131K
LiabilitiesLn 26$215K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$27K
Fees for servicesLn 2g$230K
Total revenueLn 12$257K
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
Land, buildings, equipmentLn 10c$22K
Other assetsLn 15$103K
Total assetsLn 16$131K
LiabilitiesLn 26$215K
Net assetsLn 32−$84K
OperationsPt I, VI
EmployeesI 59
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
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$21K$5K
Land, buildings, equipmentLn 10c$27K$22K
Total assetsLn 16$141K$131K
LiabilitiesLn 26$184K$215K
Net assetsLn 32−$43K−$84K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$138K$138K
Payroll taxesLn 10$11K$11K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$6K$250$5K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$24K$14K$10K
OccupancyLn 16$55K$55K
TravelLn 17$2K$2K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$26K$26K
Other expenses (24a–d)Ln 24$5K$3K$2K
All other expensesLn 24e−$2−$2
Total functional expensesLn 25$299K$259K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $305K$339K−$34K−$118K 990 PDF
FY2024 Viewing $257K$299K−$41K−$84K 990 PDF
FY2023 $407K$447K−$40K−$43K 990 PDF
FY2022 −$3K 990 PDF

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

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 $257,442 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $29,830$27,426
I-9 Program service revenuePrior year $377,479$230,016
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $407,309$257,442
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $231,135$148,545
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $216,027$150,140
I-18 Total expensesPrior year $447,162$298,685
I-19 Revenue less expensesPrior year −$39,853−$41,243
Part VI · Governance 2 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $257,442 across 4 lines filed
VIII-1f All other contributions, gifts and grants$27,426
VIII-1h Total contributions, gifts and grants$27,426
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $230,016$230,016
VIII-12 Total revenueRelated to mission $230,016 · Unrelated business $0 · Excluded from tax $0$257,442
Part IX · Statement of functional expenses $298,685 across 14 lines filed
IX-7 Other salaries and wagesPrograms $137,522$137,522
IX-10 Payroll taxesPrograms $11,023$11,023
IX-11b Legal feesManagement $8,093$8,093
IX-11c Accounting feesManagement $10,686$10,686
IX-11g Other fees for servicesPrograms $250 · Management $5,274$5,524
IX-12 Advertising and promotionManagement $3,067$3,067
IX-13 Office expensesPrograms $14,049 · Management $10,362$24,411
IX-16 OccupancyPrograms $54,553$54,553
IX-17 TravelPrograms $2,208$2,208
IX-20 InterestPrograms $4,416$4,416
IX-22 Depreciation, depletion and amortizationPrograms $5,350$5,350
IX-23 InsurancePrograms $26,419$26,419
IX-24 Other expenses (24a–d)Programs $3,461 · Management $1,954$5,415
IX-24e All other expensesPrograms −$2−$2
IX-25 Total functional expensesPrograms $259,249 · Management $39,436 · Fundraising $0$298,685
Part X · Balance sheet $130,936 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $21,008$5,344
X-4 Accounts receivableStart of year $2,589$981
X-10c Land, buildings and equipment, netStart of year $27,360$22,010
X-15 Other assetsStart of year $90,373$102,601
X-16 Total assetsStart of year $141,330$130,936
X-17 Accounts payable and accrued expensesStart of year $16,378$21,826
X-19 Deferred revenueStart of year $45,171$27,733
X-25 Other liabilities$165,408
X-26 Total liabilitiesStart of year $184,118$214,967
X-27 Net assets without donor restrictionsStart of year −$42,788−$84,031
X-32 Total net assets or fund balancesStart of year −$42,788−$84,031
X-33 Total liabilities and net assetsStart of year $141,330$130,936
Part XI · Reconciliation of net assets −$84,031 net assets at year end
XI-1 Total revenue$257,442
XI-2 Total expenses$298,685
XI-3 Revenue less expenses−$41,243
XI-4 Net assets at start of year−$42,788
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$84,031

Form 990 e-file (XML) FY2024 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.

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 pay comparisons above.