Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1977.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
70 cents of each dollar spent went to programs.
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
22 people listed on the 990; $448K paid to officers and key staff.
Elizabeth Willis-Tropea’s $348K as Head of School is at the 73rd percentile of top reported officer pay among 3683 $10–100M 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.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Elizabeth Willis-Tropea | $347,840 | $304,778 | — | — | — | — |
| John Milroy | — | — | — | $162,491 | $233,661 | $227,151 |
| Elizabeth Willis | — | — | $184,382 | — | — | — |
| Marion Richards | $180,300 | $143,550 | $130,100 | $90,755 | — | — |
| Julie Thenell Grasseschi | — | — | — | $177,069 | — | — |
| John Everett | $153,000 | — | — | — | — | — |
| Cynthia Wright | — | — | — | — | $142,282 | $127,330 |
| Matt McCauliffe | $128,250 | — | — | — | — | — |
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
Programs and updates
Educates children preschool through eighth grade, fostering academic and personal growth.
Questions for Villa Academy
Your first name shows with your question. Villa Academy answers here, for everyone.
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Not for profit independent school, preschool to 8TH grade, open to all on a nondiscriminatory basis.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $6.6M | $5.8M |
| InvestmentsLn 11–13 | $5.8M | $7.0M |
| Land, buildings, equipmentLn 10c | $13.6M | $13.0M |
| Total assetsLn 16 | $26.4M | $26.3M |
| LiabilitiesLn 26 | $7.9M | $8.2M |
| Net assetsLn 32 | $18.4M | $18.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $1.4M | $1.4M | ||
| Pay of current officers, directors and key staffLn 5 | $520K | $520K | ||
| Other salaries and wagesLn 7 | $6.5M | $4.6M | $1.7M | $199K |
| Pension plan contributionsLn 8 | $349K | $250K | $88K | $11K |
| Other employee benefitsLn 9 | $789K | $531K | $236K | $23K |
| Payroll taxesLn 10 | $560K | $370K | $173K | $16K |
| Legal feesLn 11b | $7K | $5K | $2K | $215 |
| Accounting feesLn 11c | $30K | $19K | $10K | $892 |
| Other fees for servicesLn 11g | $62K | $39K | $21K | $1K |
| Advertising and promotionLn 12 | $262K | $170K | $92K | |
| Office expensesLn 13 | $286K | $286K | ||
| Information technologyLn 14 | $320K | $202K | $109K | $10K |
| OccupancyLn 16 | $987K | $622K | $336K | $30K |
| InterestLn 20 | $155K | $98K | $53K | $5K |
| Depreciation, depletion and amortizationLn 22 | $672K | $423K | $228K | $20K |
| InsuranceLn 23 | $162K | $102K | $55K | $5K |
| Other expenses (24a–d)Ln 24 | $1.2M | $1.1M | $82K | |
| Total functional expensesLn 25 | $14.2M | $9.9M | $4.0M | $320K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $15.4M | $15.4M | $38K | $18.3M | 990 PDF |
| FY2024 Viewing | $13.6M | $14.2M | −$577K | $18.1M | 990 PDF |
| FY2023 | $14.8M | $13.0M | $1.8M | $18.4M | 990 PDF |
| FY2022 | $13.8M | $11.7M | $2.1M | $16.6M | 990 PDF |
| FY2021 | $11.3M | $11.4M | −$121K | $14.7M | 990 PDF |
| FY2020 | $11.2M | $10.8M | $396K | $14.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $13,639,576 revenue, 12 lines filed
Part VI · Governance 20 of 20 board members independent, 2 to look at
Part VIII · Statement of revenue $13,639,576 across 8 lines filed
Part IX · Statement of functional expenses $14,216,103 across 17 lines filed
Part X · Balance sheet $26,292,793 assets, 16 lines filed
Part XI · Reconciliation of net assets $18,096,527 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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