Nonprofit · EIN 26-0675871
FOUNDATION ACADEMY INCORPORATED
Tax-exempt · MANSFIELD, OH 44906
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,842,247 | $5,651,084 | $191,163 | $12,559,167 | $4,807,350 | $7,751,817 |
| June 30, 2024 | 990 | $6,250,094 | $5,725,604 | $524,490 | $12,742,448 | $5,181,794 | $7,560,654 |
| June 30, 2023 | 990 | $7,106,934 | $5,577,198 | $1,529,736 | $12,336,025 | $5,299,861 | $7,036,164 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,842,247
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $2,610,810
- Salaries, compensation and benefits (total)
- $3,433,789
- Professional fundraising fees
- $0
- Legal fees
- $10,387
- Accounting fees
- $13,302
- Occupancy
- $201,383
- Depreciation
- $142,071
- Program services (functional)
- $5,651,084
Balance sheet and other
- Total assets, start of year
- $12,742,448
- Total assets, end of year
- $12,559,167
- Total liabilities, end of year
- $4,807,350
- Net assets, end of year
- $7,751,817
- Land, buildings and equipment
- $3,291,277
- Net assets without donor restrictions
- $7,751,817
- Gross receipts
- $5,842,247
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2007
- State of legal domicile
- OH
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 |
|---|---|---|---|
| Adriana Miranda | Board Member Trustee or director | 1 | $1,250 |
| Dr Tom Gregory | Board Member Trustee or director | 1 | $1,250 |
| Susan Lehr | Board Member Trustee or director | 1 | $1,125 |
| Alex Rocks | Board Member Trustee or director | 1 | $1,125 |
| Ed Corley | Board Member Trustee or director | 1 | $1,000 |
| Michael Howard | Board Member Trustee or director | 1 | $750 |
| Sherry Branham | Board Member Trustee or director | 1 | $750 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Adriana Miranda | Board Member Trustee or director | 1 | $1,125 |
| Susan Lehr | Board Member Trustee or director | 1 | $1,125 |
| Michael Howard | Board Member Trustee or director | 1 | $1,000 |
| Alex Rocks | Board Member Trustee or director | 1 | $1,000 |
| Ed Corley | Board Member Trustee or director | 1 | $1,000 |
| Dr Tom Gregory | Board Member Trustee or director | 1 | $875 |
| Sherry Branham | Board Member Trustee or director | 1 | $695 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Howard | Board Member Trustee or director | 1 | $1,250 |
| Adriana Miranda | Board Member Trustee or director | 1 | $1,250 |
| Susan Lehr | Board Member Trustee or director | 1 | $1,250 |
| Alex Rocks | Board Member Trustee or director | 1 | $1,125 |
| Ed Corley | Board Member Trustee or director | 1 | $1,000 |
| Sherry Branham | Board Member Trustee or director | 1 | $625 |
| Dr Tom Gregory | Board Member Trustee or director | 1 | $500 |
Address and contacts
- Address (IRS master file)
- 1050 WYANDOTTE AVE, MANSFIELD, OH 44906-1939
- In care of
- % SYLVESTER JEFFRIES
- Principal officer (990 for 2024)
- C David Massa, 1030 N Main Street, North Canton, OH 44720
- Signed the 990
- C David Massa, Treasurer
- Phone
- (419) 526-9540
- Website
- www.foundationacad.org
Mission
The purpose for which the corporation was formed, as stated in its Articles of Incorporation, are to establish and run a charter school in the state of Ohio for the benefit of the children of the community and to engage in any other activities incidental to the foregoing purposes for which a corporation may be organized under Chapter 1702 of the Ohio Revised Code; provided, however, that the corporation is organized and shall at all times be operated exclusively within the confines of IRC 501c3.
Program accomplishments
- Instructional materials and other expenses for the 2024-2025 school year.Expenses $5,651,084 · grants $1,239,905 · revenue $5,842,247
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 | 990 on file |
IRS record
- EIN
- 26-0675871
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $12,559,167
- Income (IRS master file)
- $5,842,247
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,842,247 | $5,651,084 | $12,559,167 | IRS |
| 990 | June 2024 | $6,250,094 | $5,725,604 | $12,742,448 | IRS |
| 990 | June 2023 | $7,106,934 | $5,577,198 | $12,336,025 | XML |
| 990 | June 2022 | $7,179,260 | $4,529,893 | $10,358,646 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 26-0675871).
Questions about FOUNDATION ACADEMY INCORPORATED
- What is the EIN of FOUNDATION ACADEMY INCORPORATED?
- The employer identification number (EIN) of FOUNDATION ACADEMY INCORPORATED is 26-0675871.
- Is FOUNDATION ACADEMY INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to FOUNDATION ACADEMY INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION ACADEMY INCORPORATED 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 FOUNDATION ACADEMY INCORPORATED 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 FOUNDATION ACADEMY INCORPORATED 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 FOUNDATION ACADEMY INCORPORATED?
- The 990 for the year ended June 30, 2025 names C David Massa.
- Who are the officers and directors of FOUNDATION ACADEMY INCORPORATED?
- The 990 for the year ended June 30, 2025 lists 7 people; 7 received compensation from the organization, the highest $1,250 (Adriana Miranda, Board Member).
- How much revenue does FOUNDATION ACADEMY INCORPORATED have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,842,247, expenses of $5,651,084 and total assets of $12,559,167 at year end.
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