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Nonprofit · EIN 05-0615843

IVY PREPARATORY ACADEMY INCORPORATED

Tax-exempt · ATLANTA, GA 30317

Financials

$7.6M$9M2023$7.9M$8.3M2024
Revenue Expenses · by fiscal year end
Financials of IVY PREPARATORY ACADEMY INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$7,856,886$8,340,927-$484,041$12,222,517$18,154,875-$5,932,358
June 30, 2024990$7,632,680$9,019,426-$1,386,746$12,904,521$18,352,838-$5,448,317
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$871,896
of which government grants
$871,896
Program service revenue
$6,426,973
Investment income
$0
Other revenue
$558,017

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$7,098,057
Management and general (functional)
$1,242,870

Balance sheet and other

Total assets, start of year
$12,904,521
Total assets, end of year
$12,222,517
Total liabilities, end of year
$18,154,875
Net assets, end of year
-$5,932,358
Land, buildings and equipment
$6,386,245
Net assets without donor restrictions
-$5,932,358
Gross receipts
$7,856,886
Employees
60
Year formed
2014
State of legal domicile
GA

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
CHARCIA NICHOLSHEAD OF SCHOOL
Trustee or director, Officer
40$161,253
DANIELLE D HARRINGTONVICE-CHAIRMAN
Trustee or director, Officer
2$0
STEPHANIE TWITTY-CARMONCHAIRMAN
Trustee or director, Officer
2$0
LESLIE PURIFOY-PLUNKETTTREASURER
Trustee or director, Officer
2$0
TUNISIA CORNELIUSBOARD MEMBER
Trustee or director, Officer
2$0
HEATHER GAYLORDBOARD MEMBER
Trustee or director, Officer
2$0
990 for the year ended June 30, 2024: 7 people
NameTitleHours / weekCompensation
CHARCIA NICHOLSHEAD OF SCHOOL
Trustee or director, Officer, Key employee
40$151,000
LATICIA SHARPCFO
Trustee or director, Officer
40$140,000
TUNISIA CORNELIUSBOARD MEMBER
Trustee or director, Officer
2$0
DANIELLE HARRINGTONBOARD MEMBER
Trustee or director, Officer
2$0
STEPHANIE D TWITTY-CARMONVICE-CHAIRMAN
Trustee or director, Officer
2$0
RONNIE BANYARDCHAIRMAN
Trustee or director, Officer
2$0
LESLIE PURIFOY-PLUNKETTSECRETARY
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
1807 MEMORIAL DR SE, ATLANTA, GA 30317-2103
In care of
% STEPHANIE TWITTY-CARMON
Signed the 990
STEPHANIE TWITTY-CARMON, CHAIRMAN
Phone
(404) 622-2727
Return prepared by
BAMBO SONAIKE CPA LLC

Mission

OPERATION OF CHARTER SCHOOL AND RELATED SUPPORT SERVICES.

990 for the year ended June 30, 2025

Program accomplishments

  • PROVIDE EDUCATION AND RELATED SERVICES TO STUDENTS.
    Expenses $7,098,057

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
05-0615843
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
2004
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B25)
Assets (IRS master file)
$12,222,517
Income (IRS master file)
$7,856,886

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$7,856,886$8,340,927$12,222,517IRS
990June 2024$7,632,680$9,019,426$12,904,521XML
990June 2023$7,944,967$8,615,156$15,166,239IRS
990June 2022–––IRS
990June 2021–––IRS
990June 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 05-0615843).

Questions about IVY PREPARATORY ACADEMY INCORPORATED

What is the EIN of IVY PREPARATORY ACADEMY INCORPORATED?
The employer identification number (EIN) of IVY PREPARATORY ACADEMY INCORPORATED is 05-0615843.
Is IVY PREPARATORY ACADEMY INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to IVY PREPARATORY ACADEMY INCORPORATED tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does IVY PREPARATORY ACADEMY INCORPORATED 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 IVY PREPARATORY ACADEMY INCORPORATED 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 IVY PREPARATORY ACADEMY INCORPORATED last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who are the officers and directors of IVY PREPARATORY ACADEMY INCORPORATED?
The 990 for the year ended June 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $161,253 (CHARCIA NICHOLS, HEAD OF SCHOOL).
How much revenue does IVY PREPARATORY ACADEMY INCORPORATED have?
On its 990 for the year ended June 30, 2025 it reported revenue of $7,856,886, expenses of $8,340,927 and total assets of $12,222,517 at year end.

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