Adel Classical Academy EIN 88-0637216

Adel Classical Academy

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Adel Classical Academy is an education nonprofit based in Adel, IA, formed in 2022. For fiscal year 2024 it reported $289K in revenue, $229K in expenses, and $98K in net assets.Pt I

Founded
2022
Type
Public charity (501(c)(3)) · Education
Location
Adel, IA
Filings
1 on file (2024–2024)
Revenue
$289KFY2024
Expenses
$229K
Net assets
$98K
People
4
Filings
1
Updates
0
More identity details & actions ⌄
EIN  88-0637216 Public charity (501(c)(3)) Adel, IA Founded 2022
Form 990 (PDF)
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Size
$100K–1M
What they do
an education nonprofit
Leadership
Brian Fyfe · President Headmaster · $56K
Money in and out
$289K revenue, $229K expenses
Bottom line
100% program efficiency
Where the money goes · FY2024
Total revenue
$289K
Pt VIII · Ln 12
Total expenses
$229K
Pt IX · Ln 25
Net assets
$98K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $60K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
6.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+21%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total revenue
$289K
Pt VIII · Ln 12
Total expenses
$229K
Pt IX · Ln 25
Net assets
$98K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$60K
Total assetsPt X · Ln 16$120K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $207K of program spending, described in the organization's own filed words · FY2024.
01

Hired and trained 4 new specialized staff for early education and subject matter experts for 5th-8th grade.

$174Kprogram expense
02

Purchase of teacher manuals student textbooks and workbooks for a growing student body.

$27Kprogram expense
03

Purchase and use additional classroom materials for expanding student body such as clocks counters and flash cards.

$6Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAdel Classical Academy
EINHdr · item D88-0637216
Principal addressHdr · item CAdel, IA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2022
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B20)
Ruling yearIRS BMFJul 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President Headmaster
$56,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$289K
Investment income$615
Total revenueLn 12$289K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$228K
Total functional expensesLn 25$229K

Balance Sheet

Part X · end of year
CashLn 1$117K
Total assetsLn 16$120K
Total liabilitiesLn 26$22K
Total net assetsLn 32$98K
Months of cash on handcomputed6.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $117K · Operating expenses/yr $229K
6.1 months
Where the money goes
Program services
Program services $228K · Total expenses $229K
100%
Management & General
Management & general $0 · Total expenses $229K
0%
Fundraising
Fundraising $0 · Total expenses $229K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $289K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $289K · Total revenue $289K
100%
Government reliance
Government grants $0 · Total revenue $289K
0%
Earned-income share
Program service revenue $0 · Total revenue $289K
0%
Investment reliance
Investment income $615 · Total revenue $289K
+0.2%
Program self-sufficiency
Program service revenue $0 · Total expenses $229K
0%
Growth & trend
Revenue growth (YoY)
This year $289K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $98K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $289K · Expenses $229K
+21%
Liabilities-to-Assets
Total liabilities — · Total assets $120K
Net-asset ratio
Net assets $98K · Total assets $120K
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $120K
0%
People & payroll
Highest Reported Total Compensation
Individual Brian Fyfe · Reported title President Headmaster · Highest reported compensation $56K · Total expenses $229K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $174K · Total expenses $229K
76%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$100K

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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)$289K revenue · viewing · ⤓ 990 PDF

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Sources

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