Nonprofit · EIN 59-3321453
PANAMA CITY ADVANCED SCHOOL CORPORATION
Tax-exempt · PANAMA CITY, FL 32405
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,304,068 | $1,827,704 | $476,364 | $3,761,126 | $0 | $3,761,126 |
| December 31, 2024 | 990 | $2,570,399 | $1,617,622 | $952,777 | $3,284,762 | $0 | $3,284,762 |
| December 31, 2023 | 990 | $1,845,838 | $1,449,053 | $396,785 | $2,442,716 | $0 | $2,442,716 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $249,613
- Program service revenue
- $1,947,333
- Investment income
- $59,802
- Other revenue
- $47,320
Expenses
- Grants and similar amounts paid
- $10,000
- Compensation of officers, directors and key employees
- $73,638
- Other salaries and wages
- $1,061,648
- Salaries, compensation and benefits (total)
- $1,222,995
- Professional fundraising fees
- $0
- Accounting fees
- $6,325
- Travel
- $35,268
- Depreciation
- $58,788
- Program services (functional)
- $1,827,704
Balance sheet and other
- Total assets, start of year
- $3,284,762
- Total assets, end of year
- $3,761,126
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,761,126
- Land, buildings and equipment
- $361,373
- Gross receipts
- $2,304,068
- Employees
- 47
- Year formed
- 1999
- State of legal domicile
- FL
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RASHID KARAMAN | DIRECTOR Trustee or director, Officer | 40 | $73,638 |
| MOHAMMED YAHIA ABDULE-RAHIM | MEMBER Trustee or director | 1 | $0 |
| RIYAD ALBIBI MD | PRESIDENT Trustee or director, Officer | 1 | $0 |
| HASHEM MUBARAK | MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RASHID KARAMAN | DIRECTOR Trustee or director, Officer | 40 | $71,610 |
| MOHAMMED YAHIA ABDULE-RAHIM | MEMBER Trustee or director | 1 | $0 |
| RIYAD ALBIBI MD | PRESIDENT Trustee or director, Officer | 1 | $0 |
| HASHEM MUBARAK | MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RASHID KARAMAN | DIRECTOR Trustee or director, Officer | 40 | $66,086 |
| MOHAMMED YAHIA ABDULE-RAHIM | MEMBER Trustee or director | 1 | $0 |
| RIYAD ALBIBI MD | PRESIDENT Trustee or director, Officer | 1 | $0 |
| HASHEM MUBARAK | MEMBER Trustee or director | 1 | $0 |
| MARWIN OBID | MEMBER Trustee or director | 1 | $0 |
| MAGED SHALABY | MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3332 TOKEN RD, PANAMA CITY, FL 32405-3320
- In care of
- % MOHAMMED YAHIA A RAHIM
- Principal officer (990 for 2025)
- RASHID KARAMAN, 3334 TOKEN RD, PANAMA CITY, FL 32405
- Signed the 990
- MOHAMMED YAHIA ABDULE-RAHIM, MEMBER
- Phone
- (850) 784-2520
- Website
- WWW.PCASFL.NET
- Return prepared by
- TIPTON MARLER GARNER & CHASTAIN
Mission
TO PROVIDE AN EXCELLENT EDUCATION FOR STUDENTS
Program accomplishments
- TO EDUCATE STUDENTS TO GRADUATE WITH A STRONG BACKGROUND IN EDUCATION AND GOOD DISCIPLINE. TO PROMOTE A DRUG FREE AND SAFE ENVIRONMENT FOR STUDENTS.Expenses $1,827,704 · grants $10,000 · revenue $1,947,333
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-3321453
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $3,761,126
- Income (IRS master file)
- $2,304,068
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,304,068 | $1,827,704 | $3,761,126 | XML |
| 990 | December 2024 | $2,570,399 | $1,617,622 | $3,284,762 | IRS |
| 990 | December 2023 | $1,845,838 | $1,449,053 | $2,442,716 | XML |
| 990 | December 2022 | $1,302,223 | $1,193,083 | $2,045,931 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 59-3321453).
Questions about PANAMA CITY ADVANCED SCHOOL CORPORATION
- What is the EIN of PANAMA CITY ADVANCED SCHOOL CORPORATION?
- The employer identification number (EIN) of PANAMA CITY ADVANCED SCHOOL CORPORATION is 59-3321453.
- Is PANAMA CITY ADVANCED SCHOOL CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to PANAMA CITY ADVANCED SCHOOL CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PANAMA CITY ADVANCED SCHOOL CORPORATION 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 PANAMA CITY ADVANCED SCHOOL CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PANAMA CITY ADVANCED SCHOOL CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PANAMA CITY ADVANCED SCHOOL CORPORATION?
- The 990 for the year ended December 31, 2025 names RASHID KARAMAN.
- Who are the officers and directors of PANAMA CITY ADVANCED SCHOOL CORPORATION?
- The 990 for the year ended December 31, 2025 lists 4 people; 1 received compensation from the organization, the highest $73,638 (RASHID KARAMAN, DIRECTOR).
- How much revenue does PANAMA CITY ADVANCED SCHOOL CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,304,068, expenses of $1,827,704 and total assets of $3,761,126 at year end.
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