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Nonprofit · EIN 26-0675871

FOUNDATION ACADEMY INCORPORATED

Tax-exempt · MANSFIELD, OH 44906

Financials

$5.8M$5.7M2024
Revenue Expenses · by fiscal year end
Financials of FOUNDATION ACADEMY INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$5,842,247$5,651,084$191,163$12,559,167$4,807,350$7,751,817
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$5,842,247
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$2,610,810
Salaries, compensation and benefits (total)
$3,433,789
Professional fundraising fees
$0
Legal fees
$10,387
Accounting fees
$13,302
Occupancy
$201,383
Depreciation
$142,071
Program services (functional)
$5,651,084

Balance sheet and other

Total assets, start of year
$12,742,448
Total assets, end of year
$12,559,167
Total liabilities, end of year
$4,807,350
Net assets, end of year
$7,751,817
Land, buildings and equipment
$3,291,277
Net assets without donor restrictions
$7,751,817
Gross receipts
$5,842,247
Employees
0
Volunteers
0
Year formed
2007
State of legal domicile
OH

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
Adriana MirandaBoard Member
Trustee or director
1$1,250
Dr Tom GregoryBoard Member
Trustee or director
1$1,250
Susan LehrBoard Member
Trustee or director
1$1,125
Alex RocksBoard Member
Trustee or director
1$1,125
Ed CorleyBoard Member
Trustee or director
1$1,000
Michael HowardBoard Member
Trustee or director
1$750
Sherry BranhamBoard Member
Trustee or director
1$750

Address and contacts

Address (IRS master file)
1050 WYANDOTTE AVE, MANSFIELD, OH 44906-1939
In care of
% SYLVESTER JEFFRIES
Principal officer (990 for 2024)
C David Massa, 1030 N Main Street, North Canton, OH 44720
Signed the 990
C David Massa, Treasurer
Phone
(419) 526-9540

Mission

The purpose for which the corporation was formed, as stated in its Articles of Incorporation, are to establish and run a charter school in the state of Ohio for the benefit of the children of the community and to engage in any other activities incidental to the foregoing purposes for which a corporation may be organized under Chapter 1702 of the Ohio Revised Code; provided, however, that the corporation is organized and shall at all times be operated exclusively within the confines of IRC 501c3.

990 for the year ended June 30, 2025

Program accomplishments

  • Instructional materials and other expenses for the 2024-2025 school year.
    Expenses $5,651,084 · grants $1,239,905 · revenue $5,842,247

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
26-0675871
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
2010
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B29)
Assets (IRS master file)
$12,559,167
Income (IRS master file)
$5,842,247

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025–––IRS
990June 2024–––IRS
990June 2023$7,106,934$5,577,198$12,336,025IRS
990June 2022$7,179,260$4,529,893$10,358,646IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about FOUNDATION ACADEMY INCORPORATED

What is the EIN of FOUNDATION ACADEMY INCORPORATED?
The employer identification number (EIN) of FOUNDATION ACADEMY INCORPORATED is 26-0675871.
Is FOUNDATION ACADEMY INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
Are donations to FOUNDATION ACADEMY INCORPORATED tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FOUNDATION 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 FOUNDATION 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 FOUNDATION 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 is the principal officer of FOUNDATION ACADEMY INCORPORATED?
The 990 for the year ended June 30, 2025 names C David Massa.
Who are the officers and directors of FOUNDATION ACADEMY INCORPORATED?
The 990 for the year ended June 30, 2025 lists 7 people; 7 received compensation from the organization, the highest $1,250 (Adriana Miranda, Board Member).
How much revenue does FOUNDATION ACADEMY INCORPORATED have?
On its 990 for the year ended June 30, 2025 it reported revenue of $5,842,247, expenses of $5,651,084 and total assets of $12,559,167 at year end.

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