Nonprofit · EIN 92-2766408
INFINITE POTENTIAL LEARNING ACADEMY INC
Tax-exempt · ST PETERSBURG, FL 33705
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2026 | 990 | $1,169,036 | $1,106,766 | $62,270 | $191,845 | $324,566 | -$132,721 |
| June 30, 2025 | 990 | $746,566 | $778,071 | -$31,505 | $129,520 | $324,511 | -$194,991 |
| June 30, 2024 | 990 | $407,236 | $577,024 | -$169,788 | $56,317 | $226,105 | -$169,788 |
Financial details: 990 for the year ended June 30, 2026
Revenue
- Contributions, gifts and grants
- $1,169,036
- of which government grants
- $307,500
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $621,869
- Salaries, compensation and benefits (total)
- $674,990
- Professional fundraising fees
- $0
- Legal fees
- $43,125
- Accounting fees
- $16,000
- Occupancy
- $89,596
- Program services (functional)
- $813,164
- Management and general (functional)
- $293,602
Balance sheet and other
- Total assets, start of year
- $129,520
- Total assets, end of year
- $191,845
- Total liabilities, end of year
- $324,566
- Net assets, end of year
- -$132,721
- Land, buildings and equipment
- $110,260
- Gross receipts
- $1,169,036
- Employees
- 0
- Year formed
- 2023
- 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 June 30, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LOLITA BROWN | DIRECTOR Trustee or director, Officer | – | $0 |
| COURTNEY DACRES | DIRECTOR Trustee or director, Officer | – | $0 |
| BILAN JOSEPH | DIRECTOR Trustee or director, Officer | – | $0 |
| TWANNA MONROE | PRESIDENT Trustee or director, Officer | 40 | $0 |
| TAMMYE MOORE | DIRECTOR Trustee or director, Officer | – | $0 |
| ANDREA PEATEN | DIRECTOR Trustee or director, Officer | – | $0 |
| GWENDOLYN REESE | CHAIRPERSON Trustee or director, Officer | – | $0 |
| JAMES WEAVER | DIRECTOR Trustee or director, Officer | – | $0 |
| WALKER WILLIS | DIRECTOR Trustee or director, Officer | – | $0 |
990 for the year ended June 30, 2025: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TWANNA MONROE | PRESIDENT Trustee or director, Officer | 40 | $60,700 |
| LOLITA BROWN | DIRECTOR Trustee or director | 0 | $0 |
| ANDREA PEATEN | DIRECTOR Trustee or director | 0 | $0 |
| BILAN JOSEPH | DIRECTOR Trustee or director | 0 | $0 |
| COURTNEY DACRES | DIRECTOR Trustee or director | 0 | $0 |
| WALKER WILLIS | DIRECTOR Trustee or director | 0 | $0 |
| JAMES WEAVER | DIRECTOR Trustee or director | 0 | $0 |
| TAMMYE MOORE | DIRECTOR Trustee or director | 0 | $0 |
| GWENDOLYN REESE | CHAIRPERSON Trustee or director | 0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TWANNA MONROE | PRESIDENT Trustee or director, Officer | 40 | $3,500 |
| LOLITA BROWN | DIRECTOR Trustee or director | 0 | $0 |
| ANDREA PEATEN | DIRECTOR Trustee or director | 0 | $0 |
| BILAN JOSEPH | DIRECTOR Trustee or director | 0 | $0 |
| COURTNEY DACRES | DIRECTOR Trustee or director | 0 | $0 |
| WALKER WILLIS | DIRECTOR Trustee or director | 0 | $0 |
| JAMES WEAVER | DIRECTOR Trustee or director | 0 | $0 |
| TAMMYE MOORE | DIRECTOR Trustee or director | 0 | $0 |
| GWENDOLYN REESE | CHAIRPERSON Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1900 12TH ST S, ST PETERSBURG, FL 33705-2607
- In care of
- % TWANNA MONROE
- Principal officer (990 for 2025)
- TWANNA MONROE, 1900 12TH STREET SOUTH, STPETERSBURG, FL 33705
- Signed the 990
- TWANNA MONROE, PRESIDENT
- Phone
- (727) 954-4934
- Website
- HTTPS://WWW.IPLAKIDS.ORG/
- Return prepared by
- WALTERS & ASSOCIATES CPAS
Mission
OPERATION OF GRANT PART ACADEMY THAT PROVIDES A FULL CURRICULUM AND SERVICES FOR PRE K TO 5TH GRADE
Program accomplishments
- EDUCATION OF K-5TH IN THE UNDERSERVED POPULATION TO BRIDGE THE ACHIEVEMENT GAP AMONG STRUGGLING STUDENTS.
- EDUCATION OF K-5TH IN THE UNDERSERVED POPULATION TO BRIDGE THE ACHIEVEMENT GAP AMONG STRUGGLING STUDENTS.Expenses $813,164
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 | 990 on file |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 92-2766408
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B21)
- Assets (IRS master file)
- $191,845
- Income (IRS master file)
- $1,169,036
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2026 | $1,169,036 | $1,106,766 | $191,845 | XML |
| 990 | June 2025 | $746,566 | $778,071 | $129,520 | XML |
| 990 | June 2024 | $407,236 | $577,024 | $56,317 | 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 92-2766408).
Questions about INFINITE POTENTIAL LEARNING ACADEMY INC
- What is the EIN of INFINITE POTENTIAL LEARNING ACADEMY INC?
- The employer identification number (EIN) of INFINITE POTENTIAL LEARNING ACADEMY INC is 92-2766408.
- Is INFINITE POTENTIAL LEARNING ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to INFINITE POTENTIAL LEARNING ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INFINITE POTENTIAL LEARNING 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 INFINITE POTENTIAL LEARNING ACADEMY INC due?
- The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INFINITE POTENTIAL LEARNING ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2026.
- Who is the principal officer of INFINITE POTENTIAL LEARNING ACADEMY INC?
- The 990 for the year ended June 30, 2026 names TWANNA MONROE.
- Who are the officers and directors of INFINITE POTENTIAL LEARNING ACADEMY INC?
- The 990 for the year ended June 30, 2026 lists 9 people; 0 received compensation from the organization.
- How much revenue does INFINITE POTENTIAL LEARNING ACADEMY INC have?
- On its 990 for the year ended June 30, 2026 it reported revenue of $1,169,036, expenses of $1,106,766 and total assets of $191,845 at year end.
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