Nonprofit · EIN 20-1530223
KORE ACADEMY INC
Tax-exempt · LEXINGTON, KY 40502
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $260,913 | $266,687 | -$5,774 | $22,785 | $3,762 | $19,023 |
| December 31, 2024 | 990 | $476,512 | $551,261 | -$74,749 | $105,418 | $24,955 | $80,463 |
| December 31, 2023 | 990 | $469,534 | $549,705 | -$80,171 | $155,212 | $0 | $155,212 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,154
- Program service revenue
- $258,759
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $209,776
- Salaries, compensation and benefits (total)
- $232,691
- Professional fundraising fees
- $0
- Accounting fees
- $2,140
- Occupancy
- $7,500
- Program services (functional)
- $248,594
- Management and general (functional)
- $18,093
Balance sheet and other
- Total assets, start of year
- $49,752
- Total assets, end of year
- $22,785
- Total liabilities, end of year
- $3,762
- Net assets, end of year
- $19,023
- Net assets without donor restrictions
- $19,023
- Gross receipts
- $260,913
- Employees
- 0
- Year formed
- 2004
- State of legal domicile
- KY
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM MARTIN | PRESIDENT Officer | – | $0 |
| STEPHANIE SPIRES | DEVELOPMENT Officer | – | $0 |
| JAMIE LYNN POTTER | SECRETARY Officer | – | $0 |
| TODD PEYTON | DIRECTOR Trustee or director | – | $0 |
| JOSEPH BLACK | DIRECTOR Trustee or director | – | $0 |
| MICHAEL COBB | DIRECTOR Trustee or director | – | $0 |
| ASHA GIBSON | DIRECTOR Trustee or director | – | $0 |
| KENDALL ANDERSON | DIRECTOR Trustee or director | – | $0 |
| JAMIE MILLS | PRINCIPAL Officer | – | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM MARTIN | PRESIDENT Officer | – | $0 |
| JAMIE LYNN POTTER | SECRETARY Officer | – | $0 |
| TODD PEYTON | DIRECTOR Trustee or director | – | $0 |
| MICHAEL COBB | TREASURER Officer | – | $0 |
| ASHA GIBSON | DIRECTOR Trustee or director | – | $0 |
| KENDALL ANDERSON | DIRECTOR Trustee or director | – | $0 |
| KATHERINE LYNCH | DIRECTOR Trustee or director | – | $0 |
| JOANA WILLIAMS | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM MARTIN | PRESIDENT Officer | – | $0 |
| STEPHANIE SPIRES | TREASURER Officer | – | $0 |
| JAMIE LYNN POTTER | SECRETARY Officer | – | $0 |
| TODD PEYTON | DIRECTOR Trustee or director | – | $0 |
| JOSEPH BLACK | DIRECTOR Trustee or director | – | $0 |
| MICHAEL COBB | DIRECTOR Trustee or director | – | $0 |
| ASHA GIBSON | DIRECTOR Trustee or director | – | $0 |
| KENDALL ANDERSON | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 3150 TATES CREEK RD, LEXINGTON, KY 40502-2955
- Principal officer (990 for 2025)
- TIM MARTIN, 3362 MONTAVESTA RD, LEXINGTON, KY 40502
- Signed the 990
- JAMIE MILLS, PRINCIPAL
- Phone
- (859) 971-7129
- Website
- HTTPS://WWW.KOREACADEMY.ORG
- Return prepared by
- WELCH & COMPANY CPAS PSC
Mission
EDUCATION PROVIDED FOR STUDENTS IN PRIMARY AND SECONDARY LEVEL WITH VARIOUS LEARNING DISABILITIES.
Program accomplishments
- EDUCATION PROVIDED FOR STUDENTS IN PRIMARY AND SECONDARY LEVEL WITH VARIOUS LEARNING DISABILITIES.
- EDUCATION PROVIDED FOR STUDENTS IN PRIMARY AND SECONDARY LEVEL WITH VARIOUS LEARNING DISABILITIES.Expenses $248,594
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | Check at the IRS |
IRS record
- EIN
- 20-1530223
- 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
- 2005
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $22,785
- Income (IRS master file)
- $260,913
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $260,913 | $266,687 | $22,785 | IRS |
| 990 | December 2024 | $476,512 | $551,261 | $105,418 | IRS |
| 990 | December 2023 | $469,534 | $549,705 | $155,212 | XML |
| 990 | December 2022 | $528,882 | $554,092 | $235,383 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 20-1530223).
Questions about KORE ACADEMY INC
- What is the EIN of KORE ACADEMY INC?
- The employer identification number (EIN) of KORE ACADEMY INC is 20-1530223.
- Is KORE ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to KORE ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KORE ACADEMY 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 KORE ACADEMY 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 KORE ACADEMY 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 KORE ACADEMY INC?
- The 990 for the year ended June 30, 2025 names TIM MARTIN.
- Who are the officers and directors of KORE ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does KORE ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $260,913, expenses of $266,687 and total assets of $22,785 at year end.
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