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Nonprofit · EIN 31-1038248

FOREST RIDGE ACADEMY INC

Tax-exempt · SCHERERVILLE, IN 46375

Financials

$3.4M$3.1M2023$4.2M$3.4M2024
Revenue Expenses · by fiscal year end
Financials of FOREST RIDGE ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$4,209,556$3,428,568$780,988$6,779,194$592,652$6,186,542
June 30, 2024990$3,401,944$3,112,066$289,878$6,127,805$954,405$5,173,400
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$96,182
of which government grants
$59,203
Program service revenue
$3,577,595
Investment income
$151,347
Net income from fundraising events
$288,950
Net income from gaming
$95,482
Other revenue
$384,432

Expenses

Grants and similar amounts paid
$7,355
Other salaries and wages
$2,075,266
Salaries, compensation and benefits (total)
$2,403,163
Professional fundraising fees
$0
Legal fees
$10,312
Accounting fees
$31,446
Occupancy
$210,261
Depreciation
$204,546
Program services (functional)
$2,735,885
Management and general (functional)
$652,383
Fundraising (functional)
$40,300

Balance sheet and other

Total assets, start of year
$6,127,805
Total assets, end of year
$6,779,194
Total liabilities, end of year
$592,652
Net assets, end of year
$6,186,542
Land, buildings and equipment
$1,591,193
Publicly traded securities
$2,602,241
Net assets without donor restrictions
$6,058,711
Net assets with donor restrictions
$127,831
Gross receipts
$4,296,248
Employees
73
Volunteers
30
Year formed
1982
State of legal domicile
IN

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
SUSAN LABOVICHEAD OF SCHOOL
Highest-paid employee
40$122,320
ELIAS LITOSPRESIDENT
Trustee or director, Officer
5$0
VESNA BALACVICE PRESIDENT
Trustee or director, Officer
5$0
MARK BORSTTREASURER
Trustee or director, Officer
5$0
KUNTEERA TARINSECRETARY
Trustee or director, Officer
5$0
RENEE DOUGHMANBOARD MEMBER
Trustee or director
2$0
MICHELLE GRIFFINBOARD MEMBER
Trustee or director
2$0
JONATHON HAGARBOMEBOARD MEMBER
Trustee or director
5$0
DAVID HIBBSBOARD MEMBER
Trustee or director
2$0
REBECCA LAMBOARD MEMBER
Trustee or director
2$0
CARINA LANEBOARD MEMBER
Trustee or director
2$0
LISA REISMANBOARD MEMBER
Trustee or director
2$0
KYLE GARTMANBOARD MEMBER
Trustee or director
2$0
CLOTEAL LABRIOBOARD MEMBER
Trustee or director
2$0
MANIKA TURNBULLBOARD MEMBER
Trustee or director
2$0
1 more people on this return
NameTitleHours / weekCompensation
PARU VENKATBOARD MEMBER
Trustee or director
2$0
990 for the year ended June 30, 2024: 17 people
NameTitleHours / weekCompensation
SUSAN LABOVICHEAD OF SCHO
Highest-paid employee
40$107,340
ELIAS LITOSPRESIDENT
Trustee or director, Officer
5$0
VESNA BALACVICE PRESIDE
Trustee or director, Officer
4$0
MARK BORSTTREASURER
Trustee or director, Officer
4$0
KUNTEERA TARINSECRETARY
Trustee or director, Officer
3$0
RACHEL AGUSTIBOARD MEMBER
Trustee or director
2$0
GREG CROWLEYBOARD MEMBER
Trustee or director
2$0
RENEE DOUGHMANBOARD MEMBER
Trustee or director
2$0
MICHELLE GRIFFINBOARD MEMBER
Trustee or director
2$0
JONATHON HAGARBOMEBOARD MEMBER
Trustee or director
2$0
DAVID HIBBSBOARD MEMBER
Trustee or director
2$0
ELIZABETH LADELLABOARD MEMBER
Trustee or director
2$0
REBECCA LAMBOARD MEMBER
Trustee or director
2$0
CARINA LANEBOARD MEMBER
Trustee or director
2$0
HEATHER MCCOLLYBOARD MEMBER
Trustee or director
2$0
LISA REISMANBOARD MEMBER
Trustee or director
2$0
DANA RIFAIBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
7300 FOREST RIDGE DR, SCHERERVILLE, IN 46375-3350
Principal officer (990 for 2024)
MARK BORST, 7300 FOREST RIDGE DRIVE, SCHERERVILLE, IN 46375
Signed the 990
MARK BORST, TREASURER
Phone
(219) 756-7300
Return prepared by
MCMAHON & ASSOCIATES CPAS PC

Mission

TO PROVIDE ACCREDITED EDUCATIONAL SERVICES FOR PRESCHOOL THROUGH EIGHTH GRADE, AND TO INSPIRE A PASSION FOR LEARNING, GLOBAL AWARENESS AND LEADERSHIP, AND INSTILL STRONG VALUES THROUGH A CHALLENGING CURRICULUM AND SERVICE TO HUMANITY.

990 for the year ended June 30, 2025

Program accomplishments

  • EDUCATIONAL SERVICES FOR PRESCHOOL THROUGH EIGHTH GRADE.
    Expenses $2,735,885 · grants $7,355 · revenue $3,577,595
  • N/A
  • N/A

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, 2024990 on file

IRS record

EIN
31-1038248
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
1982
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B240)
Assets (IRS master file)
$6,779,194
Income (IRS master file)
$4,296,248

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$4,209,556$3,428,568$6,779,194XML
990June 2024$3,401,944$3,112,066$6,127,805XML
990June 2023$3,654,677$2,663,376$5,473,755IRS
990June 2022$2,436,856$2,447,847$4,243,913IRS
990June 2021–––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 31-1038248).

Questions about FOREST RIDGE ACADEMY INC

What is the EIN of FOREST RIDGE ACADEMY INC?
The employer identification number (EIN) of FOREST RIDGE ACADEMY INC is 31-1038248.
Is FOREST RIDGE ACADEMY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
Are donations to FOREST RIDGE ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FOREST RIDGE 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 FOREST RIDGE 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 FOREST RIDGE 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 FOREST RIDGE ACADEMY INC?
The 990 for the year ended June 30, 2025 names MARK BORST.
Who are the officers and directors of FOREST RIDGE ACADEMY INC?
The 990 for the year ended June 30, 2025 lists 16 people; 1 received compensation from the organization, the highest $122,320 (SUSAN LABOVIC, HEAD OF SCHOOL).
How much revenue does FOREST RIDGE ACADEMY INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $4,209,556, expenses of $3,428,568 and total assets of $6,779,194 at year end.

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