Nonprofit · EIN 39-0987840
ACADEMY OF BASIC EDUCATION INC
Tax-exempt · BROOKFIELD, WI 53045
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $22,921,781 | $20,188,911 | $2,732,870 | $50,160,152 | $10,845,253 | $39,314,899 |
| June 30, 2024 | 990 | $21,375,687 | $19,382,681 | $1,993,006 | $46,601,685 | $10,280,961 | $36,320,724 |
| June 30, 2023 | 990 | $19,448,797 | $18,367,215 | $1,081,582 | $44,079,331 | $10,188,901 | $33,890,430 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,477,491
- Program service revenue
- $18,503,367
- Investment income
- $599,258
- Net rental income
- $10,439
- Net gain from sales of assets
- $410,644
- Net income from fundraising events
- -$99,541
- Net income from gaming
- $1,655
- Net income from sales of inventory
- -$7,685
- Other revenue
- -$658,335
Expenses
- Grants and similar amounts paid
- $2,073,109
- Compensation of officers, directors and key employees
- $566,837
- Other salaries and wages
- $9,866,282
- Salaries, compensation and benefits (total)
- $12,831,521
- Professional fundraising fees
- $0
- Legal fees
- $9,652
- Accounting fees
- $66,425
- Occupancy
- $1,978,585
- Travel
- $59,201
- Depreciation
- $1,051,860
- Program services (functional)
- $18,162,360
- Management and general (functional)
- $1,366,601
- Fundraising (functional)
- $659,950
Balance sheet and other
- Total assets, start of year
- $46,601,685
- Total assets, end of year
- $50,160,152
- Total liabilities, end of year
- $10,845,253
- Net assets, end of year
- $39,314,899
- Land, buildings and equipment
- $24,270,830
- Publicly traded securities
- $9,167,935
- Net assets without donor restrictions
- $29,491,084
- Net assets with donor restrictions
- $9,823,815
- Gross unrelated business income
- $192,872
- Gross receipts
- $25,735,134
- Employees
- 363
- Volunteers
- 228
- Year formed
- 1961
- State of legal domicile
- WI
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 |
|---|---|---|---|---|
| DOUGLAS RICCI | HEAD OF SCHOOL Officer | 40 | $187,349 | $26,385 |
| LAWRENCE PESCH | EXEC. DIR OF ADVANCEMENT AND ADMISSIONS Key employee | 40 | $160,557 | $25,050 |
| NICHOLAS SPAETH | DIR. OF COLLEGE COUNSELING Highest-paid employee | 40 | $118,940 | $32,541 |
| KRISTI THOMPSON | DIRECTOR OF FINANCE Officer | 40 | $122,106 | $23,898 |
| RICHARD RANEY | HEAD OF PRIMARY AND LOWER SCHOOL Highest-paid employee | 40 | $107,504 | $33,085 |
| LINDA PRYOR | EXEC DIR. OF MISSION AND ACADEMICS Highest-paid employee | 40 | $122,249 | $6,133 |
| MARK BULLIO | HEAD OF THE UPPER SCHOOL Highest-paid employee | 40 | $112,725 | $5,636 |
| JESSEE TOMCHEK | ASST HEAD OF THE UPPER SCHOOL Highest-paid employee | 40 | $103,333 | $5,167 |
| MICHAEL D SIMMONS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CYNTHIA DAVIS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MALAIKA MATHAI KODALI | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD APRAHAMIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL J GEENEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT PRIEBE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RYAN LAW | DIRECTOR Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHARINE LOCKWOOD | DIRECTOR Trustee or director | 1 | $0 |
| MARY YORK | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DOUGLAS RICCI | HEAD OF SCHOOL Officer | 40 | $194,933 | $24,380 |
| LAWRENCE PESCH | EXEC. DIR OF ADVANCEMENT AND ADMISSIONS Key employee | 40 | $169,250 | $23,096 |
| NICHOLAS SPAETH | DIR. OF COLLEGE COUNSELING Highest-paid employee | 40 | $124,575 | $30,201 |
| KRISTI THOMPSON | DIRECTOR OF FINANCE Officer | 40 | $121,207 | $20,942 |
| RICHARD RANEY | HEAD OF PRIMARY AND LOWER SCHOOL Highest-paid employee | 40 | $112,000 | $29,462 |
| DANIEL DAVIS | HEAD OF UPPER SCHOOL Highest-paid employee | 40 | $120,000 | $16,558 |
| LINDA PRYOR | DIR. OF ACADEMICS/MISSION Highest-paid employee | 40 | $118,300 | $11,268 |
| GREG RACKOVAN | US SCIENCE TEACHER & DEPARTMENT CHAIR Highest-paid employee | 40 | $101,567 | $19,599 |
| MICHAEL D SIMMONS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CYNTHIA DAVIS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MALAIKA MATHAI KODALI | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD APRAHAMIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL J GEENEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT PRIEBE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RYAN LAW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHARINE LOCKWOOD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN SCHLAGENHAUF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY YORK | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DOUGLAS RICCI | HEAD OF SCHOOL Officer | 40 | $187,967 | $20,163 |
| LAWRENCE PESCH | EXEC. DIR OF ADVANCEMENT AND ADMISSIONS Key employee | 40 | $163,567 | $18,943 |
| NICHOLAS SPAETH | DIR. OF COLLEGE COUNSELING Highest-paid employee | 40 | $118,917 | $22,725 |
| DANIEL DAVIS | HEAD OF UPPER SCHOOL Highest-paid employee | 40 | $117,700 | $18,481 |
| RICHARD RANEY | HEAD OF PRIMARY AND LOWER Highest-paid employee | 40 | $108,733 | $23,807 |
| KRISTI THOMPSON | DIRECTOR OF FINANCE Officer | 40 | $114,840 | $16,212 |
| LINDA PRYOR | DIR. OF ACADEMICS/MISSION Highest-paid employee | 40 | $115,150 | $11,519 |
| JOAN DOBLE | DIRECTOR OF ADMISSIONS Highest-paid employee | 40 | $100,833 | $21,524 |
| MICHAEL D SIMMONS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CYNTHIA DAVIS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MALAIKA MATHAI KODALI | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD APRAHAMIAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL J GEENEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT PRIEBE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RYAN LAW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHARINE LOCKWOOD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN SCHLAGENHAUF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARY YORK | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3462 N BROOKFIELD RD, BROOKFIELD, WI 53045-2523
- Principal officer (990 for 2024)
- KRISTI THOMPSON, 3462 NORTH BROOKFIELD ROAD, BROOKFIELD, WI 530452599
- Signed the 990
- KRISTI THOMPSON, FINANCE DIRECTOR
- Phone
- (262) 783-3200
- Website
- BROOKFIELDACADEMY.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
OPERATION OF A PRIVATE ELEMENTARY, MIDDLE AND HIGH SCHOOL FOR THE PURPOSE OF EDUCATING AND GRADUATING STUDENTS PREPARED FOR COLLEGE AND LIFE, EDUCATED IN SKILLS, VALUES, AND HERITAGE OF RESPONSIBLE, CONSTRUCTIVE, FREE PEOPLE.
Program accomplishments
- EDUCATION - OPERATION OF A PRIVATE ELEMENTARY, MIDDLE AND HIGH SCHOOL FOR THE PURPOSE OF EDUCATING AND GRADUATING STUDENTS PREPARED FOR COLLEGE AND LIFE.Expenses $18,162,360 · grants $2,073,109 · revenue $18,509,679
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
- 39-0987840
- 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
- 1963
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24Z)
- Assets (IRS master file)
- $50,160,152
- Income (IRS master file)
- $25,735,134
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $22,921,781 | $20,188,911 | $50,160,152 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $21,375,687 | $19,382,681 | $46,601,685 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $19,448,797 | $18,367,215 | $44,079,331 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $18,844,137 | $17,212,037 | $42,413,032 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | 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 39-0987840).
Questions about ACADEMY OF BASIC EDUCATION INC
- What is the EIN of ACADEMY OF BASIC EDUCATION INC?
- The employer identification number (EIN) of ACADEMY OF BASIC EDUCATION INC is 39-0987840.
- Is ACADEMY OF BASIC EDUCATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1963.
- Are donations to ACADEMY OF BASIC EDUCATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ACADEMY OF BASIC EDUCATION 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 ACADEMY OF BASIC EDUCATION 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 ACADEMY OF BASIC EDUCATION 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 ACADEMY OF BASIC EDUCATION INC?
- The 990 for the year ended June 30, 2025 names KRISTI THOMPSON.
- Who are the officers and directors of ACADEMY OF BASIC EDUCATION INC?
- The 990 for the year ended June 30, 2025 lists 17 people; 8 received compensation from the organization, the highest $187,349 (DOUGLAS RICCI, HEAD OF SCHOOL).
- How much revenue does ACADEMY OF BASIC EDUCATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $22,921,781, expenses of $20,188,911 and total assets of $50,160,152 at year end.
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