Nonprofit · EIN 82-5246755
LORAIN BILINGUAL PREPARATORY ACADEMY
Tax-exempt · LORAIN, OH 44052
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,487,391 | $3,915,225 | -$427,834 | $3,267,944 | $4,028,715 | -$760,771 |
| June 30, 2024 | 990 | $3,491,425 | $4,040,541 | -$549,116 | $3,637,101 | $3,970,038 | -$332,937 |
| June 30, 2023 | 990 | $3,719,889 | $3,761,902 | -$42,013 | $3,997,564 | $3,781,385 | $216,179 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,487,391
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,527,543
- Salaries, compensation and benefits (total)
- $2,175,320
- Professional fundraising fees
- $0
- Legal fees
- $47,000
- Accounting fees
- $37,137
- Occupancy
- $174,403
- Depreciation
- $128,000
- Program services (functional)
- $3,915,225
Balance sheet and other
- Total assets, start of year
- $3,637,101
- Total assets, end of year
- $3,267,944
- Total liabilities, end of year
- $4,028,715
- Net assets, end of year
- -$760,771
- Land, buildings and equipment
- $920,279
- Net assets without donor restrictions
- -$760,771
- Gross receipts
- $3,487,391
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2018
- 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 |
|---|---|---|---|
| Marcelo Torres | Board Member Trustee or director | 1 | $1,125 |
| David Arrendondo | Board President Trustee or director | 2 | $1,125 |
| Todd Kubasak | Board Member Trustee or director | 1 | $1,000 |
| Pastor Terrance Bivins | Board Member Trustee or director | 1 | $875 |
| Kimberly Bartlett | Board Member Trustee or director | 1 | $875 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marcelo Torres | Board Member Trustee or director | 1 | $1,000 |
| Pastor Terrance Bivins | Board Member Trustee or director | 1 | $1,000 |
| David Arrendondo | Board President Trustee or director | 2 | $1,000 |
| Kimberly Bartlett | Board Member Trustee or director | 1 | $625 |
| Anthony Alto | Board Member Trustee or director | 1 | $500 |
| Todd Kubasak | Board Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Todd Kubasak | Board Member Trustee or director | 1 | $1,250 |
| Marcelo Torres | Board Member Trustee or director | 1 | $1,250 |
| Pastor Terrance Bivins | Board Member Trustee or director | 1 | $1,125 |
| David Arrendondo | Board Member Trustee or director | 1 | $1,125 |
| Kimberly Bartlett | Board Member Trustee or director | 1 | $875 |
| Anthony Alto | Board Member Trustee or director | 1 | $625 |
Address and contacts
- Address (IRS master file)
- 309 W 7TH ST, LORAIN, OH 44052-1813
- Principal officer (990 for 2024)
- C David Massa, 1030 N Main Street, North Canton, OH 44720
- Signed the 990
- David Massa, Treasurer
- Phone
- (440) 434-6320
Mission
To provide opportunities for educational choice to students and families of this community. The organization is primarily engaged in providing instructional services to enrolled students in Grades K-8.
Program accomplishments
- LBA is a learning community which values high expectations for both academics and behavior. LBA staff embraces students, families, and communities to build and develop well-rounded individuals who are independent critical thinkers and intrinsically motivated to be life-long learners. We believe that all children can learn as we seek to make a difference in the lives of our students.Expenses $3,915,225 · grants $944,887 · revenue $3,487,391
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
- 82-5246755
- 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
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $3,267,944
- Income (IRS master file)
- $3,487,391
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,487,391 | $3,915,225 | $3,267,944 | IRS |
| 990 | June 2024 | $3,491,425 | $4,040,541 | $3,637,101 | IRS |
| 990 | June 2023 | $3,719,889 | $3,761,902 | $3,997,564 | XML |
| 990 | June 2022 | $3,617,229 | $2,994,022 | $3,273,576 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 82-5246755).
Questions about LORAIN BILINGUAL PREPARATORY ACADEMY
- What is the EIN of LORAIN BILINGUAL PREPARATORY ACADEMY?
- The employer identification number (EIN) of LORAIN BILINGUAL PREPARATORY ACADEMY is 82-5246755.
- Is LORAIN BILINGUAL PREPARATORY ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to LORAIN BILINGUAL PREPARATORY ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LORAIN BILINGUAL PREPARATORY 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 LORAIN BILINGUAL PREPARATORY 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 LORAIN BILINGUAL PREPARATORY 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 LORAIN BILINGUAL PREPARATORY ACADEMY?
- The 990 for the year ended June 30, 2025 names C David Massa.
- Who are the officers and directors of LORAIN BILINGUAL PREPARATORY ACADEMY?
- The 990 for the year ended June 30, 2025 lists 5 people; 5 received compensation from the organization, the highest $1,125 (Marcelo Torres, Board Member).
- How much revenue does LORAIN BILINGUAL PREPARATORY ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,487,391, expenses of $3,915,225 and total assets of $3,267,944 at year end.
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