Nonprofit · EIN 46-4196169
WHAT IF WE COULD
Tax-exempt (reinstated) · SOUTHLAKE, TX 76092
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,563,195 | $1,873,767 | -$310,572 | $4,376,017 | $3,994,140 | $381,877 |
| June 30, 2023 | 990 | $1,442,091 | $1,546,686 | -$104,595 | $1,171,425 | $477,548 | $693,877 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $22,867
- Program service revenue
- $1,540,328
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,323,509
- Salaries, compensation and benefits (total)
- $1,323,509
- Professional fundraising fees
- $0
- Travel
- $114
- Depreciation
- $16,012
- Program services (functional)
- $1,388,532
- Management and general (functional)
- $325,754
- Fundraising (functional)
- $159,481
Balance sheet and other
- Total assets, start of year
- $1,259,288
- Total assets, end of year
- $4,376,017
- Total liabilities, end of year
- $3,994,140
- Net assets, end of year
- $381,877
- Land, buildings and equipment
- $97,666
- Net assets without donor restrictions
- $299,044
- Net assets with donor restrictions
- $82,833
- Gross receipts
- $1,563,195
- Employees
- 22
- Volunteers
- 25
- Year formed
- 2014
- State of legal domicile
- TX
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 |
|---|---|---|---|
| Amy Martens | President Trustee or director, Officer | 40 | $0 |
| NaKesha Ruegg | Secretary Trustee or director, Officer | 40 | $0 |
| Peter Ohser | Treasurer Trustee or director, Officer | 40 | $0 |
| Christopher Bass | Member Trustee or director | 40 | $0 |
| Marcello Serrano | Member Trustee or director | 40 | $0 |
| Patrick Stanton | Member Trustee or director | 40 | $0 |
| Tiffany Prior | Member Trustee or director | 40 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Amy Martens | President Trustee or director, Officer | 40 | $0 |
| NaKesha Ruegg | Secretary Trustee or director, Officer | 40 | $0 |
| Peter Ohser | Treasurer Trustee or director, Officer | 40 | $0 |
| Alexander Morris-Wood | Member Trustee or director | 40 | $0 |
| Janet Price | Member Trustee or director | 40 | $0 |
| Patrick Stanton | Member Trustee or director | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 2250 E CONTINENTAL BLVD, SOUTHLAKE, TX 76092-9792
- In care of
- % NICOLLE GALIPEAU
- Principal officer (990 for 2024)
- Amy Martens, 3400 William D Tate Ave1000, Grapevine, TX 76051
- Signed the 990
- Nicolle Galipeau, Chief Operations Officer
- Phone
- (817) 488-4555
- Return prepared by
- Rand McMicken & Associates PC
Mission
The Novus Academy is a creative, innovative, vibrant independent school for bright students (kindergarten through 12th grade) with learning disabilities.
Program accomplishments
- The Novus Academy established nonprofit school for children from kindergarten to 12th grade within the DFW Metroplex. The school specializes in children who learn differently by providing innovative instruction and scoial and emotional supports. The school year begins in August (after the intial return is due).Expenses $1,388,532 · revenue $1,563,195
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
- 46-4196169
- 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
- 2017
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $4,376,017
- Income (IRS master file)
- $1,563,195
Revocation and reinstatement
- Exemption revoked
- November 15, 2016
- Posted by the IRS
- March 16, 2017
- Reinstated
- Effective May 15, 2017
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 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $1,442,091 | $1,546,686 | $1,171,425 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | 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 WHAT IF WE COULD
- What is the EIN of WHAT IF WE COULD?
- The employer identification number (EIN) of WHAT IF WE COULD is 46-4196169.
- Is WHAT IF WE COULD tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2016 and reinstated it effective May 15, 2017.
- Are donations to WHAT IF WE COULD tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WHAT IF WE COULD 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 WHAT IF WE COULD 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 WHAT IF WE COULD 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 WHAT IF WE COULD?
- The 990 for the year ended June 30, 2025 names Amy Martens.
- Who are the officers and directors of WHAT IF WE COULD?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does WHAT IF WE COULD have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,563,195, expenses of $1,873,767 and total assets of $4,376,017 at year end.
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