Nonprofit · EIN 20-8995583
CHELSEA ACADEMY INC
Tax-exempt · FRONT ROYAL, VA 22630
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2024 | 990 | $3,588,459 | $3,638,913 | -$50,454 | $1,310,122 | $1,019,015 | $291,107 |
| August 31, 2023 | 990 | $2,974,291 | $3,419,646 | -$445,355 | $1,244,665 | $903,104 | $341,561 |
Financial details: 990 for the year ended August 31, 2024
Revenue
- Contributions, gifts and grants
- $505,569
- Program service revenue
- $3,058,850
- Investment income
- $0
- Net rental income
- $18,480
- Net income from sales of inventory
- $1,030
- Other revenue
- $24,040
Expenses
- Grants and similar amounts paid
- $973,588
- Compensation of officers, directors and key employees
- $221,000
- Other salaries and wages
- $1,430,797
- Salaries, compensation and benefits (total)
- $1,941,131
- Professional fundraising fees
- $0
- Accounting fees
- $6,610
- Occupancy
- $375,750
- Travel
- $167
- Depreciation
- $23,618
- Program services (functional)
- $3,277,218
- Management and general (functional)
- $261,620
- Fundraising (functional)
- $100,075
Balance sheet and other
- Total assets, start of year
- $1,244,665
- Total assets, end of year
- $1,310,122
- Total liabilities, end of year
- $1,019,015
- Net assets, end of year
- $291,107
- Land, buildings and equipment
- $266,269
- Net assets without donor restrictions
- $291,062
- Net assets with donor restrictions
- $45
- Gross receipts
- $3,588,459
- Employees
- 52
- Volunteers
- 100
- Year formed
- 2007
- State of legal domicile
- VA
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 August 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN M DEJAK | HEAD MASTER Trustee or director, Officer | 50 | $132,667 |
| CHRISTOPHER VANDER WOUDE | DEAN OF STUDENTS Highest-paid employee | 50 | $102,408 |
| LUKE FIER | CFO (THRU AUG 2023) AND TREASURER Trustee or director, Officer | 1 | $80,819 |
| DANILLE WILSON | CHIEF FINANCIAL OFFICER Officer | 50 | $30,217 |
| DEACON BOB BENYO | DIRECTOR Trustee or director | 2 | $0 |
| PATRICK MIGGINS | DIRECTOR Trustee or director | 2 | $0 |
| BART BEASELEY | DIRECTOR Trustee or director | 2 | $0 |
| JAMES KELLY | DIRECTOR Trustee or director | 2 | $0 |
| JOSEPH VORBACH | DIRECTOR Trustee or director | 1 | $0 |
| JOSEPH LYONS | SECRETARY Trustee or director, Officer | 1 | $0 |
| PATRICK MCCARTHY | DIRECTOR Trustee or director | 2 | $0 |
| J DOUGLAS MCCARTHY | CHAIRMAN Trustee or director, Officer | 5 | $0 |
990 for the year ended August 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN M DEJAK | HEAD MASTER Trustee or director, Officer | 50 | $127,667 |
| LUKE FIER | CHIEF FINANCIAL & BUSINESS OFFICER Officer | 50 | $119,997 |
| DEACON BOB BENYO | DIRECTOR Trustee or director | 3 | $0 |
| PATRICK MIGGINS | DIRECTOR Trustee or director | 2 | $0 |
| ANNA FRESKA | DIRECTOR Trustee or director | 2 | $0 |
| JAMES KELLY | DIRECTOR Trustee or director | 2 | $0 |
| PAUL LAGARDE | TREASURER Trustee or director, Officer | 2 | $0 |
| FATHER BJORN LUNDBERG | DIRECTOR Trustee or director | 2 | $0 |
| JOSEPH LYONS | SECRETARY Trustee or director, Officer | 2 | $0 |
| PATRICK MCCARTHY | DIRECTOR Trustee or director | 2 | $0 |
| J DOUGLAS MCCARTHY | CHAIRMAN Trustee or director, Officer | 5 | $0 |
| DR MIMI SCHUTTLOEFFEL | DIRECTOR Trustee or director | 2 | $0 |
| DR KATHLEEN KILTY | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1190 PROGRESS DR, FRONT ROYAL, VA 22630-6465
- In care of
- % BART BEASLEY
- Principal officer (990 for 2023)
- J DOUGLAS MCCARTHY, 1190 PROGRESS DRIVE, FRONT ROYAL, VA 22630
- Signed the 990
- J DOUGLAS MCCARTHY, CHAIRMAN
- Phone
- (540) 635-0622
- Website
- WWW.CHELSEAACADEMY.ORG
- Return prepared by
- YOUNT HYDE & BARBOUR PC
Mission
CHELSEA ACADEMY SEEKS TO FORM CONFIDENT YOUNG MEN AND WOMEN EDUCATED IN THE LIBERAL ARTS TRADITION AND THE CATHOLIC FAITH FROM KINDERGARTEN THROUGH 12TH GRADE.
Program accomplishments
- EDUCATION OF HIGH SCHOOL, MIDDLE SCHOOL, AND LOWER SCHOOL STUDENTS.Expenses $3,277,218 · grants $973,588 · revenue $3,059,880
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | Not on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 20-8995583
- 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
- 2008
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $1,310,122
- Income (IRS master file)
- $3,588,459
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2024 | $3,588,459 | $3,638,913 | $1,310,122 | XML |
| 990 | August 2023 | $2,974,291 | $3,419,646 | $1,244,665 | XML |
| 990 | August 2022 | $2,790,864 | $2,238,163 | $1,858,559 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | 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 20-8995583).
Questions about CHELSEA ACADEMY INC
- What is the EIN of CHELSEA ACADEMY INC?
- The employer identification number (EIN) of CHELSEA ACADEMY INC is 20-8995583.
- Is CHELSEA ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to CHELSEA ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHELSEA 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 CHELSEA ACADEMY INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHELSEA ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2024.
- Who is the principal officer of CHELSEA ACADEMY INC?
- The 990 for the year ended August 31, 2024 names J DOUGLAS MCCARTHY.
- Who are the officers and directors of CHELSEA ACADEMY INC?
- The 990 for the year ended August 31, 2024 lists 12 people; 4 received compensation from the organization, the highest $132,667 (JOHN M DEJAK, HEAD MASTER).
- How much revenue does CHELSEA ACADEMY INC have?
- On its 990 for the year ended August 31, 2024 it reported revenue of $3,588,459, expenses of $3,638,913 and total assets of $1,310,122 at year end.
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