Nonprofit · EIN 47-1215869
PRECIOUS HEARTS ACADEMY
Tax-exempt · SN BERNRDNO, CA 92408
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,625,471 | $2,412,454 | $213,017 | $2,332,265 | $20,293 | $2,311,972 |
| June 30, 2024 | 990 | $2,839,244 | $2,295,141 | $544,103 | $2,173,175 | $74,220 | $2,098,955 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $57,300
- Program service revenue
- $2,568,171
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $404,837
- Other salaries and wages
- $1,401,722
- Salaries, compensation and benefits (total)
- $1,999,771
- Professional fundraising fees
- $0
- Legal fees
- $14,347
- Accounting fees
- $6,027
- Occupancy
- $157,554
- Travel
- $4,058
- Depreciation
- $13,830
- Program services (functional)
- $2,004,289
- Management and general (functional)
- $408,165
Balance sheet and other
- Total assets, start of year
- $2,173,175
- Total assets, end of year
- $2,332,265
- Total liabilities, end of year
- $20,293
- Net assets, end of year
- $2,311,972
- Land, buildings and equipment
- $115,104
- Net assets without donor restrictions
- $2,311,972
- Gross receipts
- $2,625,471
- Employees
- 75
- Volunteers
- 0
- Year formed
- 2014
- State of legal domicile
- CA
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 |
|---|---|---|---|---|
| SHARMEL WEERASINGHE | PRESIDENT Trustee or director, Officer | 40 | $175,748 | $4,470 |
| JEEVAKA WEERASINGHE | EXECUTIVE VICE PRESIDENT Trustee or director, Officer | 25 | $116,167 | $0 |
| SANTHUSH WEERASINGHE | TREASURER Trustee or director, Officer | 40 | $93,525 | $0 |
| DANIEL E OLSON | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTIAN IORDAN | VICE PRESIDENT, PUBLIC REL Trustee or director, Officer | 1 | $0 | $0 |
| FRANCESCA KURUPPU | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHARMEL WEERASINGHE | PRESIDENT Trustee or director, Officer | 40 | $175,000 | $10,727 |
| JEEVAKA WEERASINGHE | EXECUTIVE VICE PRESIDENT Trustee or director, Officer | 25 | $110,000 | $0 |
| DANIEL E OLSON | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTIAN IORDAN | VICE PRESIDENT, PUBLIC REL Trustee or director, Officer | 1 | $0 | $0 |
| FRANCESCA KURUPPU | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD FIELD | CHIEF FINANCIAL OFFICER Trustee or director, Officer | 1 | $0 | $0 |
| JILL POLLOCK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 225 W HOSPITALITY LN STE 108, SN BERNRDNO, CA 92408-3244
- Principal officer (990 for 2024)
- SHARMEL WEERASINGHE, 225 WEST HOSPITALITY LN 108, SAN BERNARDINO, CA 92408
- Signed the 990
- SHARMEL WEERASINGHE, PRESIDENT
- Phone
- (909) 383-0388
- Return prepared by
- ROGERS ANDERSON MALODY & SCOTT LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 47-1215869 or by the name PRECIOUS HEARTS ACADEMY.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
PRECIOUS HEARTS ACADEMY IS A SPECIAL EDUCATION DAY SCHOOL DEVOTED TO SERVING K-12 STUDENTS WITH EXCEPTIONALITIES AND THEIR FAMILIES BY PROVIDING AN INDIVIDUALIZED, ENRICHED, TRANS-DISCIPLINARY AND INTEGRATED EDUCATIONAL PROGRAM BASED ON CLINICAL EVIDENCE-BASED RESEARCH STANDARDS TO FACILITATE WHOLE PERSON DEVELOPMENT.
Program accomplishments
- PROVIDE SPECIAL EDUCATION SERVICES TO STUDENTS.Expenses $2,004,289 · revenue $2,568,171
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
- 47-1215869
- 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
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B28)
- Assets (IRS master file)
- $2,332,265
- Income (IRS master file)
- $2,625,471
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,625,471 | $2,412,454 | $2,332,265 | XML |
| 990 | June 2024 | $2,839,244 | $2,295,141 | $2,173,175 | XML |
| 990 | June 2023 | $2,113,777 | $1,981,371 | $1,644,342 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | 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 47-1215869).
Questions about PRECIOUS HEARTS ACADEMY
- What is the EIN of PRECIOUS HEARTS ACADEMY?
- The employer identification number (EIN) of PRECIOUS HEARTS ACADEMY is 47-1215869.
- Is PRECIOUS HEARTS ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to PRECIOUS HEARTS ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRECIOUS HEARTS ACADEMY 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 PRECIOUS HEARTS ACADEMY 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 PRECIOUS HEARTS ACADEMY 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 PRECIOUS HEARTS ACADEMY?
- The 990 for the year ended June 30, 2025 names SHARMEL WEERASINGHE.
- Who are the officers and directors of PRECIOUS HEARTS ACADEMY?
- The 990 for the year ended June 30, 2025 lists 6 people; 3 received compensation from the organization, the highest $175,748 (SHARMEL WEERASINGHE, PRESIDENT).
- How much revenue does PRECIOUS HEARTS ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,625,471, expenses of $2,412,454 and total assets of $2,332,265 at year end.
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