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Nonprofit · EIN 81-3602868

PRAISE ACADEMY

Tax-exempt · SHREVEPORT, LA 71103

Financials

$680K$473K2022$435K$564K2023$463K$482K2024
Revenue Expenses · by fiscal year end
Financials of PRAISE ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$462,712$481,666-$18,954$790,178$15,048$775,130
June 30, 2024990$434,688$563,554-$128,866$785,681$15,269$770,412
June 30, 2023990$680,186$472,744$207,442$898,209$17,301$880,908
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$426,015
Program service revenue
$11,811
Investment income
$22,664
Other revenue
$2,222

Expenses

Grants and similar amounts paid
$2,615
Compensation of officers, directors and key employees
$42,000
Other salaries and wages
$235,755
Salaries, compensation and benefits (total)
$299,118
Professional fundraising fees
$0
Legal fees
$1,370
Occupancy
$38,988
Travel
$3,154
Depreciation
$4,400
Program services (functional)
$391,226
Management and general (functional)
$33,388
Fundraising (functional)
$57,052

Balance sheet and other

Total assets, start of year
$785,681
Total assets, end of year
$790,178
Total liabilities, end of year
$15,048
Net assets, end of year
$775,130
Land, buildings and equipment
$151,825
Publicly traded securities
$430,176
Net assets without donor restrictions
$697,046
Net assets with donor restrictions
$78,084
Gross receipts
$462,712
Employees
14
Volunteers
20
Year formed
2016
State of legal domicile
LA

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
Mary GramsTreasurer, Board Member, Head of School, & Teacher
Trustee or director, Officer
40$42,000
David ZimmelBoard member and part time teacher
Trustee or director
10$3,300
Paul DeCellesChairman of the Board
Trustee or director, Officer
10$0
Nano FarabaughPresident
Trustee or director, Officer
40$0
Debbie MixellSecretary
Trustee or director, Officer
2$0
Kathy GleasonBoard Member
Trustee or director
2$0
Mary Frances LoughranBoard Member
Trustee or director
2$0
990 for the year ended June 30, 2024: 7 people
NameTitleHours / weekCompensation
Joan PingelHead of School
Trustee or director
40$58,947
Mary GramsTreasurer & Lead Pre-K Teacher
Trustee or director, Officer
40$35,367
Kathy GleasonBoard Member
Trustee or director
2$0
Paul DeCellesChairman of the Board
Trustee or director, Officer
10$0
Nano FarabaughPresident
Trustee or director, Officer
40$0
Debbie MixellSecretary
Trustee or director, Officer
2$0
David ZimmelBoard member
Trustee or director
10$0
990 for the year ended June 30, 2023: 7 people
NameTitleHours / weekCompensation
Joan PingelHead of School
Trustee or director, Key employee, Highest-paid employee
40$53,604
Mary GramsTreasurer
Trustee or director, Officer, Key employee
40$32,162
Paul DeCellesChairman of the Board
Trustee or director, Officer
10$0
Nano FarabaughPresident
Trustee or director, Officer
40$0
Debbie MixellSecretary
Trustee or director, Officer
2$0
David ZimmelBoard member
Trustee or director
10$0
Kathy GleasonBoard Member
Trustee or director
2$0

Address and contacts

Address (IRS master file)
1446 YALE AVE, SHREVEPORT, LA 71103-2541
In care of
% JOAN PINGEL
Mailing address (990-N for 2016)
1446 Yale Ave, Shreveport LA 71103
Principal officer (990 for 2024)
Nano Farabaugh, 1446 Yale Ave, Shreveport, LA 71103
Principal officer (990-N for 2016)
Paul DeCelles, 809 East Angela Boulevard, South Bend IN 46617
Signed the 990
Nano Farabaugh, President
Phone
(318) 734-8210

Mission

To provide an elementary school education that fosters each child's natural ability to become a productive, employable and active member of family and community through a Christ-centered foundational approach.

990 for the year ended June 30, 2025

Program accomplishments

  • Praise Academy at Lakeside provided a Christ-centered elementary education to 21 students in grades PK-6 during the 2024-2025 school year. The school serves a low-income, predominantly African American community. Instruction included core academic subjects (English Language Arts, Math, Science, and Social Studies), as well as Bible education, Physical Education, and enrichment programs such as cooking classes for upper elementary girls, building classes for upper elementary boys, and art and music appreciation for younger students. With a maximum 8:1 student-teacher ratio, the program provided individualized instruction tailored to each student's learning needs. During the reporting period, 100% of students successfully advanced to the next grade level. Students in grades 2-7 demonstrated an average improvement of more than one grade level in math during the first semester. All kindergarten students progressed from emergent readers to beginning readers. Additionally, a few of the students who entered the program performing below grade level advanced by at least one academic year. The program also emphasized literacy development through a daily Reading Workshop, with students in grades 3 and above averaging more than two hours per week of uninterrupted independent reading time. These outcomes reflect the program's effectiveness in strengthening foundational academic skills and supporting students' growth as productive, engaged members of their families and communities.
    Expenses $361,221 · revenue $455,008
  • Praise Camp, a two-week summer camp for neighborhood children ages 5 to 13, was held in the Allendale neighborhood of Shreveport, Louisiana and in Evansville, Indiana. In all, 95 kids came to at least one day of camp in either Evansville or Allendale. The goals of the camps were: Friendship with God, friendship with each other, learning together and having fun together. Our goals of sharing the good news of Jesus and learning together were met by campers attending a daily 20-minute chapel service as well as prayer and bible lessons in their age group. Many campers heard the story of Jesus for the first time, and many were captivated by Bible stories. Campers were excited when they were presented with their own children's bible at the end of Camp. Our fun goal was met by group leaders (many of whom were Praise Academy school teachers) providing safe and engaging games, crafts, sports and learning activities which the campers enthusiastically (and loudly) participated in. And our goal of friendship with each other was not only experienced among the children who related well with each other, but spread to their families, when a large number of parents and siblings attended a neighborhood BBQ event at the end of camp.
    Expenses $30,005 · revenue $7,704

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
81-3602868
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
2017
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B20)
Assets (IRS master file)
$790,178
Income (IRS master file)
$462,712

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$462,712$481,666$790,178IRS
990June 2024$434,688$563,554$785,681IRS
990June 2023$680,186$472,744$898,209XML
990June 2022$667,626$575,915$672,552IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS
990-N for 2016
Officer: Paul DeCelles
June 30, 2017≤ $50,000 receipts––e-Postcard

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 81-3602868).

Questions about PRAISE ACADEMY

What is the EIN of PRAISE ACADEMY?
The employer identification number (EIN) of PRAISE ACADEMY is 81-3602868.
Is PRAISE ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
Are donations to PRAISE ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PRAISE ACADEMY 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 PRAISE ACADEMY 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 PRAISE ACADEMY 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 PRAISE ACADEMY?
The 990 for the year ended June 30, 2025 names Nano Farabaugh.
Who are the officers and directors of PRAISE ACADEMY?
The 990 for the year ended June 30, 2025 lists 7 people; 2 received compensation from the organization, the highest $42,000 (Mary Grams, Treasurer, Board Member, Head of School, & Teacher).
How much revenue does PRAISE ACADEMY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $462,712, expenses of $481,666 and total assets of $790,178 at year end.

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