Nonprofit · EIN 27-2493620
FAITH ACADEMY INC
Tax-exempt (reinstated) · LAKE CITY, FL 32025
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $121,329 | $139,854 | -$18,525 | $19,365 | $0 | $19,365 |
| December 31, 2023 | 990 | $179,404 | $141,116 | $38,288 | $38,288 | $398 | $37,890 |
| December 31, 2022 | 990 | $142,576 | $124,561 | $18,015 | $55,492 | $55,890 | -$398 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $121,329
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $11,850
- Other salaries and wages
- $86,393
- Salaries, compensation and benefits (total)
- $107,010
- Professional fundraising fees
- $0
- Accounting fees
- $349
- Occupancy
- $21,483
- Program services (functional)
- $139,854
Balance sheet and other
- Total assets, start of year
- $38,288
- Total assets, end of year
- $19,365
- Total liabilities, end of year
- $0
- Net assets, end of year
- $19,365
- Gross receipts
- $121,329
- Employees
- 0
- Year formed
- 2010
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAMELA B STEELE | DIRECTOR Trustee or director, Key employee | 40 | $11,850 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAMELA B STEELE | DIRECTOR Trustee or director, Key employee | 40 | $13,500 |
990 for the year ended December 31, 2022: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAMELA B STEELE | DIRECTOR Trustee or director, Key employee | 40 | $12,600 |
Address and contacts
- Address (IRS master file)
- 810 SW FAITH RD, LAKE CITY, FL 32025-1374
- In care of
- % PAMELA B STEELE
- Signed the 990
- PAMELA B STEELE, DIRECTOR
- Phone
- (386) 438-5495
- Return prepared by
- Elite Tax & Accounting LLC
Mission
PRIVATE SCHOOL
Program accomplishments
- PRIVATE SCHOOL GRADES 1-12. TEACHING THE REQUIRED SUBJECTS FOR STUDENTS TO OBTAIN A DIPLOMA AND QUALIFY FOR HIGHER LEARNING. AVERAGE OF 30 STUDENTS.Expenses $139,854 · revenue $121,329
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-2493620
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B21)
- Assets (IRS master file)
- $19,365
- Income (IRS master file)
- $121,329
Revocation and reinstatement
- Exemption revoked
- May 15, 2013
- Posted by the IRS
- August 12, 2013
- Reinstated
- Effective May 15, 2013
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $121,329 | $139,854 | $19,365 | XML |
| 990 | December 2023 | $179,404 | $141,116 | $38,288 | XML |
| 990 | December 2022 | $142,576 | $124,561 | $55,492 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 27-2493620).
Questions about FAITH ACADEMY INC
- What is the EIN of FAITH ACADEMY INC?
- The employer identification number (EIN) of FAITH ACADEMY INC is 27-2493620.
- Is FAITH ACADEMY INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2013 and reinstated it effective May 15, 2013.
- Are donations to FAITH ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAITH 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 FAITH 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 FAITH 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 are the officers and directors of FAITH ACADEMY INC?
- The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $11,850 (PAMELA B STEELE, DIRECTOR).
- How much revenue does FAITH ACADEMY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $121,329, expenses of $139,854 and total assets of $19,365 at year end.
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