Nonprofit · EIN 26-1413851
PALM BAY EDUCATION GROUP INC
Tax-exempt · PANAMA CITY, FL 32401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $8,219,473 | $9,096,128 | -$876,655 | $24,949,727 | $13,032,539 | $11,917,188 |
| June 30, 2024 | 990 | $10,041,935 | $9,551,614 | $490,321 | $26,804,813 | $14,010,970 | $12,793,843 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $6,758,520
- Investment income
- $0
- Other revenue
- $1,460,953
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $1,505,488
- Program services (functional)
- $8,633,840
- Management and general (functional)
- $462,288
Balance sheet and other
- Total assets, start of year
- $26,804,813
- Total assets, end of year
- $24,949,727
- Total liabilities, end of year
- $13,032,539
- Net assets, end of year
- $11,917,188
- Land, buildings and equipment
- $21,326,930
- Gross receipts
- $8,219,473
- Employees
- 127
- Volunteers
- 10
- Year formed
- 2007
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRETT HANSON | CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| SUE BUNCE | VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| DEREK MCDAVID | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 |
| HUDSON REHM | MEMBER Trustee or director | 0.5 | $0 |
| REGINA STANLEY | MEMBER Trustee or director | 0.5 | $0 |
| PATTY PHILLIPS | PRINCIPAL Key employee | 40 | $0 |
| JEREMY KNAPP | PRINCIPAL Key employee | 40 | $0 |
| RON DANZEY | EXECUTIVE DIRECTOR Key employee | 40 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRETT HANSON | CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| SUE BUNCE | VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| DEREK MCDAVID | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 |
| HUDSON REHM | MEMBER Trustee or director | 0.5 | $0 |
| REGINA STANLEY | MEMBER Trustee or director | 0.5 | $0 |
| PATTY PHILLIPS | PRINCIPAL Key employee | 40 | $0 |
| JEREMY KNAPP | PRINCIPAL Key employee | 40 | $0 |
| RON DANZEY | EXECUTIVE DIRECTOR Key employee | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 1104 BALBOA AVE, PANAMA CITY, FL 32401-2017
- Principal officer (990 for 2024)
- RON DANZEY, 1104 BALBOA AVE, PANAMA CITY, FL 32401
- Signed the 990
- RON DANZEY, EXECUTIVE DIRECTOR
- Phone
- (850) 215-0770
- Website
- https://palmbayprep.org/
- Return prepared by
- ROBERT I WALKER CPA
Mission
TO OPERATE 3 PUBLIC CHARTER SCHOOLS IN THE STATE OF FLORIDA.
Program accomplishments
- TO PROVIDE A UNIQUE SCHOOL ENVIRONMENT WHICH EMPHASIZES HIGH ACADEMIC ACHIEVEMENT THROUGH THE USE OF STATE-OF-THE-ART TECHNOLOGY AND INNOVATIVE BUT PROVEN EDUCATIONAL METHODS.Expenses $8,633,840 · revenue $8,219,473
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 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 26-1413851
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- 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 (B99)
- Assets (IRS master file)
- $24,949,727
- Income (IRS master file)
- $8,219,473
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $8,219,473 | $9,096,128 | $24,949,727 | XML |
| 990 | June 2024 | $10,041,935 | $9,551,614 | $26,804,813 | XML |
| 990 | June 2023 | $7,283,157 | $7,969,627 | $22,922,080 | IRS |
| 990 | June 2022 | $7,030,723 | $7,386,781 | $22,445,635 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 26-1413851).
Questions about PALM BAY EDUCATION GROUP INC
- What is the EIN of PALM BAY EDUCATION GROUP INC?
- The employer identification number (EIN) of PALM BAY EDUCATION GROUP INC is 26-1413851.
- Is PALM BAY EDUCATION GROUP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to PALM BAY EDUCATION GROUP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PALM BAY EDUCATION GROUP 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 PALM BAY EDUCATION GROUP INC 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 PALM BAY EDUCATION GROUP INC 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 PALM BAY EDUCATION GROUP INC?
- The 990 for the year ended June 30, 2025 names RON DANZEY.
- Who are the officers and directors of PALM BAY EDUCATION GROUP INC?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does PALM BAY EDUCATION GROUP INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $8,219,473, expenses of $9,096,128 and total assets of $24,949,727 at year end.
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