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Nonprofit · EIN 51-0542866

BELIEVERS ACADEMY INC

Tax-exempt · WEST PALM BCH, FL 33407

Financials

$1.9M$1.8M2022$2M$1.8M2023$1.7M$1.8M2024
Revenue Expenses · by fiscal year end
Financials of BELIEVERS ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,711,765$1,844,903-$133,138$1,915,971$783,331$1,132,640
June 30, 2024990$1,976,539$1,763,335$213,204$1,555,468$289,690$1,265,778
June 30, 2023990$1,877,382$1,804,766$72,616$1,510,864$458,290$1,052,574
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$163,986
of which government grants
$163,986
Program service revenue
$1,408,810
Investment income
$25,246
Net income from fundraising events
$113,723
Other revenue
$113,723

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$252,129
Other salaries and wages
$655,326
Salaries, compensation and benefits (total)
$1,106,368
Professional fundraising fees
$0
Legal fees
$780
Occupancy
$43,245
Depreciation
$208,105
Program services (functional)
$1,521,578
Management and general (functional)
$323,325

Balance sheet and other

Total assets, start of year
$1,555,468
Total assets, end of year
$1,915,971
Total liabilities, end of year
$783,331
Net assets, end of year
$1,132,640
Land, buildings and equipment
$766,007
Net assets without donor restrictions
$1,072,633
Net assets with donor restrictions
$60,007
Gross receipts
$1,790,554
Employees
18
Volunteers
5
Year formed
2005
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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MAGGIE PRINCEPRINCIPAL
Officer
44$130,152$23,169
LORI DYERCEO
Officer
45$72,866$25,942
MELISSA SMITHPRESIDENT
Trustee or director, Officer
0.5$0$0
LYNN KELLYVICE PRESIDENT
Trustee or director, Officer
0.5$0$0
SHELLY TRAVELSTEADBOARD MEMBER
Trustee or director, Officer
0.5$0$0
BRUCE FOWLERTREASURER
Trustee or director, Officer
0.5$0$0
TAMMY FERGUSONSECRETARY
Trustee or director, Officer
0.5$0$0
990 for the year ended June 30, 2024: 7 people
NameTitleHours / weekCompensationOther / benefits
MAGGIE PRINCEPRINCIPAL
Officer
44$130,716$22,166
LORI DYERCEO
Officer
45$60,000$26,244
MELISSA SMITHPRESIDENT
Trustee or director, Officer
0.5$0$0
LYNN KELLYVICE PRESIDENT
Trustee or director, Officer
0.5$0$0
SHELLY TRAVELSTEADBOARD MEMBER
Trustee or director, Officer
0.5$0$0
BRUCE FOWLERTREASURER
Trustee or director, Officer
0.5$0$0
TAMMY FERGUSONSECRETARY
Trustee or director, Officer
0.5$0$0
990 for the year ended June 30, 2023: 7 people
NameTitleHours / weekCompensationOther / benefits
MAGGIE PRINCEPRINCIPAL
Officer
44$130,716$22,166
LORI DYERCEO
Officer
45$60,000$26,244
MELISSA SMITHPRESIDENT
Trustee or director, Officer
0.5$0$0
LYNN KELLYTREASURER
Trustee or director, Officer
0.5$0$0
BRADFORD LAYTONSECRETARY
Trustee or director, Officer
0.5$0$0
BRUCE FOWLERVICE PRESIDENT
Trustee or director, Officer
0.5$0$0
TAMMY FERGUSONBOARD MEMBER
Trustee or director, Officer
0.5$0$0

Address and contacts

Address (IRS master file)
5840 CORPORATE WAY STE 100, WEST PALM BCH, FL 33407-2040
Principal officer (990 for 2024)
LORI DYER, 5840 CORPORATE WAY SUITE 100, WEST PALM BEACH, FL 33407
Signed the 990
MELISSA SMITH, PRESIDENT
Phone
(561) 340-2507
Return prepared by
BKHM PA

Mission

BELIEVERS ACADEMY IS DEDICATED TO ESE STUDENTS AGED FOURTEEN TO TWENTY-ONE WHO ARE AT RISK OF DROPPING OUT OF THEIR SCHOOLS DUE TO PERSISTENT LACK OF SUCCESS IN THAT ENVIRONMENT. THE MAIN GOAL OF BELIEVERS ACADEMY IS TO REDUCE READING AND MATH DEFICITS WHILE BUILDING VOCATIONAL SKILLS. EACH STUDENT WILL OBTAIN AND MAINTAIN EMPLOYMENT. THROUGH THESE ACCOMPLISHMENTS, EACH STUDENT WILL INCREASE THEIR SELF-ESTEEM AND BECOME A PRODUCTIVE CITIZEN.

990 for the year ended June 30, 2025

Program accomplishments

  • THE SCHOOL PROVIDES AN ENVIRONMENT WHICH TEACHES STUDENTS THE SKILLS TO BE SUCCESSFUL ON THE JOB, WHILE BUILDING THEIR CONFIDENCE AND INDEPENDENCE THROUGH HANDS ON EMPLOYMENT AND INTERNSHIPS. THE SCHOOL SERVED AN AVERAGE OF 100 STUDENTS DURING THE FISCAL YEAR ENDED JUNE 30, 2025.
    Expenses $1,521,578 · revenue $1,408,810

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
51-0542866
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
2006
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B30)
Assets (IRS master file)
$1,915,971
Income (IRS master file)
$1,790,554

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,711,765$1,844,903$1,915,971XML
990June 2024$1,976,539$1,763,335$1,555,468IRS
990June 2023$1,877,382$1,804,766$1,510,864XML
990June 2022$1,656,325$1,889,108$1,664,864IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 51-0542866).

Questions about BELIEVERS ACADEMY INC

What is the EIN of BELIEVERS ACADEMY INC?
The employer identification number (EIN) of BELIEVERS ACADEMY INC is 51-0542866.
Is BELIEVERS ACADEMY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to BELIEVERS ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BELIEVERS 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 BELIEVERS 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 BELIEVERS 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 BELIEVERS ACADEMY INC?
The 990 for the year ended June 30, 2025 names LORI DYER.
Who are the officers and directors of BELIEVERS ACADEMY INC?
The 990 for the year ended June 30, 2025 lists 7 people; 2 received compensation from the organization, the highest $130,152 (MAGGIE PRINCE, PRINCIPAL).
How much revenue does BELIEVERS ACADEMY INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,711,765, expenses of $1,844,903 and total assets of $1,915,971 at year end.

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