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Mosaic Classical Academy

Tax-deductible

Toledo, OH501(c)(3)Since 2021Education EIN 88-3580854Revenue $344K in FY2025Latest return filed May 5, 2026

On file with the IRSmosaicclassical.orgToledo, OHTax-exempt since Jan 2024School — 170(b)(1)(A)(ii)

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In partnership with our families and the community we will assure that all children learn at high levels. Students will be prepared academically, artistically, and emotionally for their future life endeavors.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 88-3580854) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 2 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $218K a year · 62% of revenue · last 2 filings
A surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
0.3 mo
of spending, in cash
0.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$855K
204% of total assets
Liabilities are 204% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$344K
-5% vs prior year
Spent
$601K
To programs
100%
Net assets
−$435K
By yearFY2024–FY2025
Revenue
$344K
FY2025▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2024$363K
FY2025$344K
Expenses
$601K
FY2025▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2024$541K
FY2025$601K
Net assets
−$435K
FY2025▼ -144%
Tap a bar for its year
Net assets by fiscal year
FY2024−$178K
FY2025−$435K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2024.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $601K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Vincent Riccardi
Board President
$0Pt VII · Sec A
Paula Apostolou
Board Secretary
$0Pt VII · Sec A
Sara Card
Board Member
$0Pt VII · Sec A
Margaret Day
Board Member
$0Pt VII · Sec A
Chris Hunter
Board Member
$0Pt VII · Sec A
Katie Emby
Board Member
$0Pt VII · Sec A
See Mosaic Classical Academy executive salaries →

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

Programs and updates

Ensuring children learn at high levels, preparing them academically, artistically, and emotionally for their futures.

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1 program · $601K · in their own filed words · FY2024
01

In partnership with our families and the community we will assure that all children learn at high levels. Students will be prepared academically, artistically, and emotionally for their future life endeavors.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 88-3580854) · Dispute this line
$601Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$344K
Ln 12
Gifts and grantsLn 1h$343K
Fees for servicesLn 2g$250
Money outPt IX
$601K
Ln 25
Programscol B$601K
Owns and owesPt X
−$435K
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$419K
LiabilitiesLn 26$855K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$343K
Government grantsLn 1e$259K
Fees for servicesLn 2g$250
Gains on assetsLn 7$0
Total revenueLn 12$344K
Assets in detailPt X, end of year
CashLn 1$17K
Cash and savings togetherLn 1–2$17K
Pledges and grants receivableLn 3$24K
Prepaid expenses and deferred chargesLn 9$7K
Land, buildings, equipmentLn 10c$38K
Other assetsLn 15$333K
Total assetsLn 16$419K
LiabilitiesLn 26$855K
Net assetsLn 32−$435K
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$0$0$0$0$0
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$44K$17K
Land, buildings, equipmentLn 10c$74K$38K
Total assetsLn 16$155K$419K
LiabilitiesLn 26$334K$855K
Net assetsLn 32−$178K−$435K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$22K$22K
Other employee benefitsLn 9$91K$91K
Other fees for servicesLn 11g$367K$367K
Information technologyLn 14$10K$10K
OccupancyLn 16$26K$26K
TravelLn 17$2K$2K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$35K$35K
Other expenses (24a–d)Ln 24$46K$46K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$601K$601K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 5, 2026 $344K$601K−$257K−$435K 990 PDF
FY2024Filed with the IRS May 12, 2025 $363K$541K−$178K−$178K 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments E · Schools O · Explanations
See the full FY2025 990
Part I · Summary $343,524 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $360,891$343,274
I-9 Program service revenuePrior year $1,990$250
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $362,881$343,524
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 $275,172$112,351
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $265,943$488,188
I-18 Total expensesPrior year $541,115$600,539
I-19 Revenue less expensesPrior year −$178,234−$257,015
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $343,524 across 8 lines filed
VIII-1e Government grants$259,380
VIII-1f All other contributions, gifts and grants$83,894
VIII-1h Total contributions, gifts and grants$343,274
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $250$250
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-12 Total revenueRelated to mission $250 · Unrelated business $0 · Excluded from tax $0$343,524
Part IX · Statement of functional expenses $600,539 across 10 lines filed
IX-7 Other salaries and wagesPrograms $21,700$21,700
IX-9 Other employee benefitsPrograms $90,651$90,651
IX-11g Other fees for servicesPrograms $367,243$367,243
IX-14 Information technologyPrograms $9,543$9,543
IX-16 OccupancyPrograms $26,057$26,057
IX-17 TravelPrograms $2,147$2,147
IX-20 InterestPrograms $2,057$2,057
IX-22 Depreciation, depletion and amortizationPrograms $35,358$35,358
IX-24 Other expenses (24a–d)Programs $45,783$45,783
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $600,539 · Management $0 · Fundraising $0$600,539
Part X · Balance sheet $419,301 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $43,705$17,285
X-3 Pledges and grants receivableStart of year $6,862$24,037
X-9 Prepaid expenses and deferred chargesStart of year $2,241$6,747
X-10c Land, buildings and equipment, netStart of year $73,662$38,304
X-15 Other assetsStart of year $28,895$332,928
X-16 Total assetsStart of year $155,365$419,301
X-17 Accounts payable and accrued expensesStart of year $123,018$320,913
X-23 Secured mortgages and notes payableStart of year $210,581$175,342
X-25 Other liabilities$358,295
X-26 Total liabilitiesStart of year $333,599$854,550
X-27 Net assets without donor restrictionsStart of year −$178,234−$435,249
X-32 Total net assets or fund balancesStart of year −$178,234−$435,249
X-33 Total liabilities and net assetsStart of year $155,365$419,301
Part XI · Reconciliation of net assets −$435,249 net assets at year end
XI-1 Total revenue$343,524
XI-2 Total expenses$600,539
XI-3 Revenue less expenses−$257,015
XI-4 Net assets at start of year−$178,234
XI-10 Net assets at end of year−$435,249

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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