To provide the academic and emotional support necessary for a range of learners including at-risk youth, reluctant learners, and motivated students to improve their academic performance in order to be successful in school.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$204K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 7
filings with a surplus
Average deficit $242 a year · under 1% of revenue · last 7 filings
Worth a look: a surplus in 4 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$204K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+3% vs prior year
Spent
$1.2M
To programs
69%
Net assets
$192K
By yearFY2020–FY2026
Revenue
$1.2M
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.4M
FY2023$1.3M
FY2024$1.2M
FY2025$1.2M
FY2026$1.1M
Expenses
$1.2M
FY2025▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$817K
FY2022$1.7M
FY2023$1.3M
FY2024$1.3M
FY2025$1.2M
FY2026$1.1M
Net assets
$192K
FY2025▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$240K
FY2021$586K
FY2022$300K
FY2023$324K
FY2024$194K
FY2025$192K
FY2026$216K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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You’re viewing the FY2025 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Apr 2001.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $826K Management & general 31% · $371K

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

4 people listed on the 990; $204K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director & P
$203,947Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Carol Meyer’s $164K as Director & P is at the 71st percentile of top reported officer pay among 3395 $1–10M 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 · 1 named individual · Part VII

NameFY2026FY2025FY2024FY2023FY2022FY2021
Carol Meyer$163,900$203,947$237,638$337,152$737,196$221,741

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.

See Privett Academy executive salaries →

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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 15aNo

Programs and updates

Helps students of all types improve school performance through academic and emotional support.

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Provided by the organization

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1 program · $812K · in their own filed words · FY2024
01

The privett academy designed and met the individual needs of the following number of students during the fiscal year: summer 2024 - 30 students fall 2024 - 125 students winter 2025 - 131 students spring 2025 - 135 students

$812Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$409
Money outPt IX
$1.2M
Ln 25
Programscol B$826K
Managementcol C$371K
Owns and owesPt X
$192K
net assets · Ln 32
Cash and savingsLn 1–2$183K
Total assetsLn 16$192K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$409
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$183K
Cash and savings togetherLn 1–2$183K
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$192K
LiabilitiesLn 26$0
Net assetsLn 32$192K
OperationsPt I, VI
EmployeesI 510
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$190K$183K
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$194K$192K
LiabilitiesLn 26$0$0
Net assetsLn 32$194K$192K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$500$500
Pay of current officers, directors and key staffLn 5$204K$204K
Other salaries and wagesLn 7$690K$586K$104K
Other employee benefitsLn 9$28K$18K$9K
Payroll taxesLn 10$70K$61K$9K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$500$500
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$24K$19K$5K
Information technologyLn 14$1K$1K
OccupancyLn 16$106K$99K$7K
Depreciation, depletion and amortizationLn 22$14K$14K
InsuranceLn 23$719$719
Other expenses (24a–d)Ln 24$37K$26K$11K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$1.2M$826K$371K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $1.1M$1.1M$24K$216K 990 PDF
FY2025 Viewing $1.2M$1.2M−$2K$192K 990 PDF
FY2024 $1.2M$1.3M−$130K$194K 990 PDF
FY2023 $1.3M$1.3M$24K$324K 990 PDF
FY2022 $1.4M$1.7M−$287K$300K 990 PDF
FY2021 $1.2M$817K$347K$586K 990 PDF
FY2020 $1.2M$1.2M$22K$240K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,195,274 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,153,602$1,194,865
I-10 Investment incomePrior year $2,955$409
I-11 Other revenue$0
I-12 Total revenuePrior year $1,156,557$1,195,274
I-13 Grants and similar amounts paidPrior year $1,545$500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,087,780$992,253
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $197,018$204,615
I-18 Total expensesPrior year $1,286,343$1,197,368
I-19 Revenue less expensesPrior year −$129,786−$2,094
Part VI · Governance 3 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,195,274 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,194,865$1,194,865
VIII-3 Investment incomeExcluded from tax $409$409
VIII-12 Total revenueRelated to mission $1,194,865 · Excluded from tax $409$1,195,274
Part IX · Statement of functional expenses $1,197,368 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $500$500
IX-5 Pay of current officers, directors and key staffManagement $203,947$203,947
IX-7 Other salaries and wagesPrograms $585,975 · Management $104,382$690,357
IX-9 Other employee benefitsPrograms $18,217 · Management $9,385$27,602
IX-10 Payroll taxesPrograms $61,202 · Management $9,145$70,347
IX-11b Legal feesManagement $3,920$3,920
IX-11c Accounting feesManagement $10,303$10,303
IX-11g Other fees for servicesManagement $500$500
IX-12 Advertising and promotionManagement $1,123$1,123
IX-13 Office expensesPrograms $19,353 · Management $4,797$24,150
IX-14 Information technologyPrograms $1,238$1,238
IX-16 OccupancyPrograms $98,909 · Management $7,445$106,354
IX-22 Depreciation, depletion and amortizationPrograms $13,843$13,843
IX-23 InsurancePrograms $719$719
IX-24 Other expenses (24a–d)Programs $26,253 · Management $10,601$36,854
IX-24e All other expensesManagement $5,611$5,611
IX-25 Total functional expensesPrograms $826,209 · Management $371,159 · Fundraising $0$1,197,368
Part X · Balance sheet $191,755 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $189,996$183,260
X-9 Prepaid expenses and deferred chargesStart of year $3,853$3,853
X-10c Land, buildings and equipment, net$4,642
X-16 Total assetsStart of year $193,849$191,755
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $193,849$191,755
X-33 Total liabilities and net assetsStart of year $193,849$191,755
Part XI · Reconciliation of net assets $191,755 net assets at year end
XI-1 Total revenue$1,195,274
XI-2 Total expenses$1,197,368
XI-3 Revenue less expenses−$2,094
XI-4 Net assets at start of year$193,849
XI-10 Net assets at end of year$191,755

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

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