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Nonprofit · EIN 04-3770235

MASTERS ACADEMY OF VERO BEACH INC

Tax-exempt · VERO BEACH, FL 32966

Financials

$3.3M$2.6M2022$4.1M$3.9M2024
Revenue Expenses · by fiscal year end
Financials of MASTERS ACADEMY OF VERO BEACH INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$4,051,690$3,938,908$112,782$2,385,817$263,395$2,122,422
June 30, 2023990$3,261,271$2,558,525$702,746$2,204,991$153,936$2,051,055
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$191,035
Program service revenue
$3,459,526
Investment income
$0
Net income from fundraising events
$55,125
Other revenue
$401,129

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$2,479,398
Salaries, compensation and benefits (total)
$2,968,020
Professional fundraising fees
$0
Occupancy
$184,805
Depreciation
$21,227
Program services (functional)
$3,875,825
Management and general (functional)
$43,873
Fundraising (functional)
$19,210

Balance sheet and other

Total assets, start of year
$2,254,471
Total assets, end of year
$2,385,817
Total liabilities, end of year
$263,395
Net assets, end of year
$2,122,422
Land, buildings and equipment
$726,676
Net assets without donor restrictions
$1,607,890
Net assets with donor restrictions
$514,532
Gross receipts
$4,051,690
Employees
73
Year formed
2003

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
DAWN CALCAGNOBOARD MEMBER
Trustee or director
–$0
JONATHAN HARDIETREASURER
Trustee or director
–$0
KIM JONESBOARD MEMBER
Trustee or director
–$0
MATTHEW MCCAINBOARD MEMBER
Trustee or director
–$0
DAVID MORGANCHAIRMAN
Trustee or director
–$0
WESLEY NORTONBOARD MEMBER
Trustee or director
–$0
ANDRE VENDRESBOARD MEMBER
Trustee or director
–$0
MONICA WASHINGTONBOARD MEMBER
Trustee or director
–$0
990 for the year ended June 30, 2023: 4 people
NameTitleHours / weekCompensation
JONATHAN HARDIETREASURER
Trustee or director
–$0
MATTHEW MCCAINCHAIRMAN
Trustee or director
–$0
DAVID MORGANBOARD MEMBER
Trustee or director
–$0
MONICA WASHINGTONSECRETARY
Trustee or director
–$0

Address and contacts

Address (IRS master file)
1115 58TH AVE, VERO BEACH, FL 32966-4730
Principal officer (990 for 2024)
RICHARD BREWER, 5796 1ST LANE, VERO BEACH, FL 32968
Signed the 990
RICHARD BREWER, HEADMASTER
Phone
(772) 794-4655
Return prepared by
MCCAIN SAMONS AND FIORINI LLC

Mission

TO ACADEMICALLY CHALLENGE AND SPIRITUALLY DEVELOP EACH STUDENT TO IMPACT THE WORLD. COMMITTED TO EXCELLENCE IN EDUCATION, TRUTH AND AUTHORITY IN SCRIPTURES.

990 for the year ended June 30, 2025

Program accomplishments

  • EDUCATION PROGRAMS: PRE-KINDERGARTEN: TO LAY A FOUNDATION FOR ACADEMIC EXCELLENCE AND TO INSTILL IN EACH CHILD A LOVE FOR LEARNING AS CHILDREN OF GOD. FEEDER PROGRAM FOR ELEMENTARY SCHOOL. 32 CHILDREN SERVED. . ELEMENTARY SCHOOL SCHOOL TEACHINGS BASED ON BIBLICAL WORLD VIEWS AND THAT EACH STUDENT IS A UNIQUELY CREATED, GIFTED, DISTINCT INDIVIDUAL WITH A PARTICULAR PURPOSE IN GOD'S PLAN. 88 STUDENTS ENROLLED. . MIDDLE SCHOOL SCHOOL TEACHINGS BASED ON BIBLICAL WORLD VIEWS AND THAT EACH STUDENT IS A UNIQUELY CREATED, GIFTED, DISTINCT INDIVIDUAL WITH A PARTICULAR PURPOSE IN GOD'S PLAN. 64 STUDENTS ENROLLED. . HIGH SCHOOL SCHOOL TEACHINGS BASED ON BIBLICAL WORLD VIEWS AND THAT EACH STUDENT IS A UNIQUELY CREATED, GIFTED, DISTINCT INDIVIDUAL WITH A PARTICULAR PURPOSE IN GOD'S PLAN. 53 STUDENTS ENROLLED
    Expenses $3,640,352
  • LUNCH PROGRAM: TO PROVIDE LUNCH FOR STUDENTS THAT DO NOT BRING THEIR LUNCH. COST IS 3.50 PER LUNCH. APPROXIMATELY 108 LUNCHES SERVED EACH DAY
    Expenses $57,093
  • ATHLETIC PROGRAMS - TO TEACH SPORTSMANSHIP, TO ENJOY COMPETITIVE SPORTS, AND ENHANCE ATHLETICS SKILLS (130 ATHLETES PARTICIPATED)
    Expenses $176,836
  • TO ACADEMICALLY CHALLENGE EACH STUDENT.
    Expenses $1,544

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024Check at the IRS

IRS record

EIN
04-3770235
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2004
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B20)
Assets (IRS master file)
$2,385,817
Income (IRS master file)
$4,051,690

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$4,051,690$3,938,908$2,385,817XML
990June 2023$3,261,271$2,558,525$2,204,991XML
990June 2022$2,740,783$2,291,500$2,501,817IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3770235).

Questions about MASTERS ACADEMY OF VERO BEACH INC

What is the EIN of MASTERS ACADEMY OF VERO BEACH INC?
The employer identification number (EIN) of MASTERS ACADEMY OF VERO BEACH INC is 04-3770235.
Is MASTERS ACADEMY OF VERO BEACH INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to MASTERS ACADEMY OF VERO BEACH INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MASTERS ACADEMY OF VERO BEACH INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MASTERS ACADEMY OF VERO BEACH INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MASTERS ACADEMY OF VERO BEACH INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of MASTERS ACADEMY OF VERO BEACH INC?
The 990 for the year ended June 30, 2025 names RICHARD BREWER.
Who are the officers and directors of MASTERS ACADEMY OF VERO BEACH INC?
The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does MASTERS ACADEMY OF VERO BEACH INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $4,051,690, expenses of $3,938,908 and total assets of $2,385,817 at year end.

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