Nonprofit · EIN 30-0211613
FRIENDS OF EXCEL ACADEMY INC
Tax-exempt · EAST BOSTON, MA 02128
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $8,413,246 | $8,890,742 | -$477,496 | $47,237,273 | $26,915,185 | $20,322,088 |
| June 30, 2024 | 990 | $8,130,290 | $8,135,886 | -$5,596 | $48,903,477 | $27,740,658 | $21,162,819 |
| June 30, 2023 | 990 | $14,334,849 | $8,898,874 | $5,435,975 | $49,738,891 | $28,395,179 | $21,343,712 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $966,303
- of which government grants
- $3,203
- Program service revenue
- $6,844,907
- Investment income
- $595,676
- Net gain from sales of assets
- -$25,384
- Other revenue
- $6,360
Expenses
- Grants and similar amounts paid
- $1,511,255
- Compensation of officers, directors and key employees
- $976,494
- Other salaries and wages
- $2,520,917
- Salaries, compensation and benefits (total)
- $4,023,587
- Professional fundraising fees
- $0
- Legal fees
- $108,418
- Accounting fees
- $202,486
- Occupancy
- $216,242
- Travel
- $25,741
- Depreciation
- $316,187
- Program services (functional)
- $6,245,671
- Management and general (functional)
- $2,392,004
- Fundraising (functional)
- $253,067
Balance sheet and other
- Total assets, start of year
- $48,903,477
- Total assets, end of year
- $47,237,273
- Total liabilities, end of year
- $26,915,185
- Net assets, end of year
- $20,322,088
- Land, buildings and equipment
- $5,172,336
- Net assets without donor restrictions
- $15,140,763
- Net assets with donor restrictions
- $5,181,325
- Gross receipts
- $8,438,630
- Employees
- 32
- Volunteers
- 6
- Year formed
- 2004
- State of legal domicile
- MA
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 | Other / benefits |
|---|---|---|---|---|
| OWEN STEARNS | CHIEF EXECUTIVE OFFICER Officer | 40 | $303,012 | $5,824 |
| NINA KEOUGH | CHIEF SCHOOL OFFICER Officer | 40 | $229,817 | $24,577 |
| ANDREW SOLOMON | CHIEF FINANCIAL OFFICER Officer | 40 | $193,197 | $8,482 |
| STEPHANIE PATTON | DEPUTY CHIEF SCHOOLS OFFICER Key employee | 40 | $195,945 | $137 |
| STEVIE ROBERTS | MANAGING DIRECTOR: OPERATIONS Highest-paid employee | 40 | $143,768 | $2,057 |
| AARON STELSON | SENIOR DIRECTOR: FINANCE Highest-paid employee | 40 | $143,839 | $485 |
| TSVETELINA TSANKOVA | DIRECTOR OF ACCOUNTING Highest-paid employee | 40 | $115,272 | $24,526 |
| DARREN GRAY | MANAGING DIR. ACADEMIC LEADERSHIP Highest-paid employee | 40 | $133,730 | $1,815 |
| ARTHUR KAYNOR | DIRECTOR OF DEVELOPMENT & GOVERNANCE Highest-paid employee | 40 | $118,385 | $7,555 |
| SETH REYNOLDS | CHAIR Trustee or director, Officer | 0.8 | $0 | $0 |
| DONALD CASS | TREASURER Trustee or director, Officer | 0.8 | $0 | $0 |
| CHRISTOPHER SATTI | CLERK Trustee or director, Officer | 0.8 | $0 | $0 |
| MEGAN PREINER | TREASURER (UNTIL 9/17/24) Trustee or director, Officer | 0.8 | $0 | $0 |
| TIMONTHY WELLER | MEMBER Trustee or director | 0.8 | $0 | $0 |
| TYREE CHAMBERS | MEMBER Trustee or director | 0.8 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHIRLEY VERONICA CARDONA | MEMBER Trustee or director | 0.8 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OWEN STEARNS | CHIEF EXECUTIVE OFFICER Officer | 40 | $263,486 | $23,409 |
| NINA KEOUGH | CHIEF SCHOOL OFFICER Officer | 40 | $220,842 | $23,493 |
| ANDREW SOLOMON | CHIEF FINANCIAL OFFICER Officer | 40 | $201,015 | $8,108 |
| SARAH B KANTROWITZ | MANAGING DIRECTOR: STUDENT SUPPORT Highest-paid employee | 40 | $155,160 | $23,493 |
| STEPHANIE PATTON | DEPUTY CHIEF SCHOOLS OFFICER Key employee | 40 | $175,847 | $187 |
| STEVIE ROBERTS | MANAGING DIRECTOR: OPERATIONS Highest-paid employee | 40 | $139,835 | $420 |
| TSVETELINA TSANKOVA | DIRECTOR OF ACCOUNTING Highest-paid employee | 40 | $121,376 | $11,958 |
| AARON STELSON | SENIOR DIRECTOR: FINANCE Highest-paid employee | 40 | $131,969 | $485 |
| KATHRYN MEGRIAN | MANAGING DIRECTOR OF ACADEMICS Highest-paid employee | 40 | $102,672 | $12,577 |
| SETH REYNOLDS | PRESIDENT Trustee or director, Officer | 0.8 | $0 | $0 |
| MEGAN PREINER | TREASURER Trustee or director, Officer | 0.8 | $0 | $0 |
| DONALD CASS | CLERK Trustee or director, Officer | 0.8 | $0 | $0 |
| SHIRLEY VERONICA CARDONA | MEMBER Trustee or director | 0.8 | $0 | $0 |
| CHRISTOPHER SATTI | MEMBER Trustee or director | 0.8 | $0 | $0 |
| TIMONTHY WELLER | MEMBER Trustee or director | 0.8 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OWEN STEARNS | CHIEF EXECUTIVE OFFICER Officer | 40 | $115,960 | $11,460 |
| NINA KEOUGH | CHIEF SCHOOL OFFICER Officer | 40 | $105,704 | $11,511 |
| ANDREW SOLOMON | CHIEF FINANCIAL OFFICER Officer | 40 | $77,967 | $3,870 |
| SETH REYNOLDS | PRESIDENT Trustee or director, Officer | 0.8 | $0 | $0 |
| MEGAN PREINER | TREASURER Trustee or director, Officer | 0.8 | $0 | $0 |
| DONALD CASS | CLERK Trustee or director, Officer | 0.8 | $0 | $0 |
| SHIRLEY VERONICA CARDONA | MEMBER Trustee or director | 0.8 | $0 | $0 |
| CHRISTOPHER SATTI | MEMBER Trustee or director | 0.8 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 58 MOORE ST, EAST BOSTON, MA 02128-1548
- In care of
- % SUSAN M PASSONI
- Principal officer (990 for 2024)
- SETH REYNOLDS, 58 MOORE STREET, EAST BOSTON, MA 02128
- Signed the 990
- SETH REYNOLDS, PRESIDENT
- Phone
- (617) 874-4080
- Return prepared by
- AAFCPAS INC
Mission
TO RAISE FUNDS AND SUPPORT THE FUNCTIONS OF AND CARRY OUT THE PURPOSES OF EXCEL ACADEMY CHARTER SCHOOL AND EXCEL ACADEMY RHODE ISLAND; TO ENGAGE IN ACTIVITIES AND PERFORM FUNCTIONS THAT THE SCHOOLS WOULD OTHERWISE HAVE TO PERFORM; TO OWN, LEASE AND MAINTAIN THE SITES AT WHICH THE SCHOOLS ARE LOCATED AND TO OTHERWISE BENEFIT THE SCHOOLS THROUGH PROVISION OF FINANCIAL SUPPORT AND SERVICES.
Program accomplishments
- TO RAISE FUNDS AND SUPPORT THE FUNCTIONS OF EXCEL ACADEMY CHARTER SCHOOL AND EXCEL ACADEMY RHODE ISLAND.Expenses $6,245,671 · grants $1,511,255 · revenue $6,851,267
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
- 30-0211613
- 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
- 2004
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $47,237,273
- Income (IRS master file)
- $8,438,630
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $8,413,246 | $8,890,742 | $47,237,273 | IRS |
| 990 | June 2024 | $8,130,290 | $8,135,886 | $48,903,477 | XML |
| 990 | June 2023 | $14,334,849 | $8,898,874 | $49,738,891 | XML |
| 990 | June 2022 | $7,984,303 | $4,300,996 | $82,712,473 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 30-0211613).
Questions about FRIENDS OF EXCEL ACADEMY INC
- What is the EIN of FRIENDS OF EXCEL ACADEMY INC?
- The employer identification number (EIN) of FRIENDS OF EXCEL ACADEMY INC is 30-0211613.
- Is FRIENDS OF EXCEL ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to FRIENDS OF EXCEL ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF EXCEL 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 FRIENDS OF EXCEL ACADEMY 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 FRIENDS OF EXCEL ACADEMY 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 FRIENDS OF EXCEL ACADEMY INC?
- The 990 for the year ended June 30, 2025 names SETH REYNOLDS.
- Who are the officers and directors of FRIENDS OF EXCEL ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 16 people; 9 received compensation from the organization, the highest $303,012 (OWEN STEARNS, CHIEF EXECUTIVE OFFICER).
- How much revenue does FRIENDS OF EXCEL ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $8,413,246, expenses of $8,890,742 and total assets of $47,237,273 at year end.
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