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Nonprofit · EIN 86-2578053

WAY ACADEMY INC

Tax-exempt · CLERMONT, FL 34715

Financials

$243K$237K2023$196K$211K2024
Revenue Expenses · by fiscal year end
Financials of WAY ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$196,257$211,122-$14,865$0$494-$494
December 31, 2023990$242,849$237,455$5,394$14,371$0$14,371
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$62,279
Program service revenue
$127,401
Investment income
$0
Net income from fundraising events
$6,577
Other revenue
$6,577

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$97,169
Salaries, compensation and benefits (total)
$97,169
Professional fundraising fees
$0
Occupancy
$31,460
Travel
$3,707
Program services (functional)
$191,734
Management and general (functional)
$16,619
Fundraising (functional)
$2,769

Balance sheet and other

Total assets, start of year
$14,371
Total assets, end of year
$0
Total liabilities, end of year
$494
Net assets, end of year
-$494
Net assets without donor restrictions
-$494
Gross receipts
$196,257
Employees
3
Year formed
2022
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
Ebony PritchettDirector
Trustee or director
1$0
Charles Williams JrPresident
Officer
40$0
Scorpio LamonteChairman
Officer
2$0
Erin CarneyTreasurer
Officer
1$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
Charles Williams JrPresident
Officer
40$28,423
Ebony PritchettDirector
Trustee or director
1$0
Erin CarneyTreasurer
Officer
0$0
Scorpio LamonteChairman
Officer
2$0

Address and contacts

Address (IRS master file)
3123 PIZZARO PL, CLERMONT, FL 34715-8011
In care of
% CHARLES WILLIAMS
Mailing address (990-N for 2022)
105 East Baker Street, Minneola FL 34715
Principal officer (990-N for 2022)
Charles WILLIAMS, 3123 PIZZARO PL, CLERMONT FL 34715
Signed the 990
CHARLES WILLIAMS, President
Return prepared by
Binney Accounting and Assurance

Mission

Providing primary school education to students in Lake County, Florida

990 for the year ended December 31, 2024

Program accomplishments

  • Providing primary school education to students in Lake County, Florida
    Expenses $191,734

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

File the 2025 990-EZ for WAY ACADEMY INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
86-2578053
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B20)
Income (IRS master file)
$196,257

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$196,257$211,122$0XML
990December 2023$242,849$237,455$14,371XML
990-N for 2022
Officer: Charles WILLIAMS
December 31, 2022≤ $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 86-2578053).

Questions about WAY ACADEMY INC

What is the EIN of WAY ACADEMY INC?
The employer identification number (EIN) of WAY ACADEMY INC is 86-2578053.
Is WAY ACADEMY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to WAY ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WAY 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 WAY ACADEMY INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WAY ACADEMY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of WAY ACADEMY INC?
The 990-N for 2022 names Charles WILLIAMS.
Who are the officers and directors of WAY ACADEMY INC?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does WAY ACADEMY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $196,257, expenses of $211,122 and total assets of $0 at year end.

Other nonprofits in CLERMONT

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