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Nonprofit · EIN 06-1426905

FIRST ACADEMY INC

Tax-exempt (reinstated) · BLOOMFIELD, CT 06002

Financials

$575K$604K2022$748K$784K2023$895K$667K2024
Revenue Expenses · by fiscal year end
Financials of FIRST ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$894,537$666,732$227,805$434,720$358,496$76,224
December 31, 2023990$748,286$784,018-$35,732$212,091$363,672-$151,581
December 31, 2022990$574,676$604,072-$29,396$73,284$189,133-$115,849
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$554,479
of which government grants
$554,479
Program service revenue
$339,812
Investment income
$0
Other revenue
$246

Expenses

Grants and similar amounts paid
$1,000
Compensation of officers, directors and key employees
$67,800
Other salaries and wages
$383,258
Salaries, compensation and benefits (total)
$495,325
Professional fundraising fees
$0
Accounting fees
$13,250
Occupancy
$33,283
Depreciation
$4,875
Program services (functional)
$481,698
Management and general (functional)
$185,034

Balance sheet and other

Total assets, start of year
$212,091
Total assets, end of year
$434,720
Total liabilities, end of year
$358,496
Net assets, end of year
$76,224
Land, buildings and equipment
$66,096
Net assets without donor restrictions
$76,224
Gross receipts
$894,537
Employees
23
Volunteers
5
Year formed
2016
State of legal domicile
CT

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
Elith HowardSchool Director
Officer
40$60,000
Venice EasterlingTreasurer
Trustee or director, Officer
3$7,800
Leroy Bailey IIIPresident
Trustee or director, Officer
3$0
Latesha JohnsonVice President
Trustee or director, Officer
3$0
Robin Woodward SmithSecretary
Trustee or director, Officer
1$0
Ollie Rubiah OliverDirector
Trustee or director
1$0
Elijah OliverDirector
Trustee or director
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
Elith HowardSchool Director
Officer
40$65,000
Venice EasterlingTreasurer
Trustee or director, Officer
3$7,956
Leroy Bailey IIIPresident
Trustee or director, Officer
3$0
Latesha JohnsonVice President
Trustee or director, Officer
3$0
Robin Woodward SmithSecretary
Trustee or director, Officer
1$0
Ollie Rubiah OliverDirector
Trustee or director
1$0
Elijah OliverDirector
Trustee or director
1$0
990 for the year ended December 31, 2022: 7 people
NameTitleHours / weekCompensation
Elith HowardSchool Director
Officer
40$61,000
Venice EasterlingTreasurer
Trustee or director, Officer
3$7,800
Leroy Bailey IIIPresident
Trustee or director, Officer
1$0
Latesha JohnsonVice President
Trustee or director, Officer
3$0
Robin Woodward SmithSecretary
Trustee or director, Officer
1$0
Ollie Rubiah OliverDirector
Trustee or director
1$0
Elijah OliverDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1151 BLUE HILLS AVE, BLOOMFIELD, CT 06002-2721
Mailing address (990-N for 2016)
1151 BLUE HILLS AVE, BLOOMFIELD CT 06002
Principal officer (990 for 2024)
Leroy Bailey III, 1151 Blue Hills Avenue, Bloomfield, CT 06002
Principal officer (990-N for 2016)
LEROY BAILEY III, 1151 BLUE HILLS AVE, BLOOMFIELD CT 06002
Signed the 990
Venice Easterling, Treasurer
Phone
(860) 243-6520
Return prepared by
Maletta & Company

Mission

To provide a safe nurturing and developmentally appropriate program which fosters active learning support for the whole child.

990 for the year ended December 31, 2024

Program accomplishments

  • Preschool and childcare program serving children and families in the Blue Hills neighborhood. Children participate in a variety of hands-on activities that help with school-readiness. Daily schedule includes arts and crafts, reading, math, pretend play, sensory-based activities, outdoor play and more.
    Expenses $481,698 · grants $1,000 · revenue $339,812

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

IRS record

EIN
06-1426905
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
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B21)
Assets (IRS master file)
$434,720
Income (IRS master file)
$894,537

Revocation and reinstatement

Exemption revoked
December 15, 2010
Posted by the IRS
August 3, 2011
Reinstated
Effective June 15, 2016

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$894,537$666,732$434,720XML
990December 2023$748,286$784,018$212,091XML
990December 2022$574,676$604,072$73,284XML
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990-N for 2016
Officer: LEROY BAILEY III
December 31, 2016≤ $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 06-1426905).

Questions about FIRST ACADEMY INC

What is the EIN of FIRST ACADEMY INC?
The employer identification number (EIN) of FIRST ACADEMY INC is 06-1426905.
Is FIRST ACADEMY INC tax-exempt?
Yes. The IRS revoked its exemption on December 15, 2010 and reinstated it effective June 15, 2016.
Are donations to FIRST ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FIRST 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 FIRST 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 FIRST 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 FIRST ACADEMY INC?
The 990 for the year ended December 31, 2024 names Leroy Bailey III.
Who are the officers and directors of FIRST ACADEMY INC?
The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $60,000 (Elith Howard, School Director).
How much revenue does FIRST ACADEMY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $894,537, expenses of $666,732 and total assets of $434,720 at year end.

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