Nonprofit · EIN 51-0584248
FREEDOM ACADEMY INC
Tax-exempt · PHOENIX, AZ 85050
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,023,730 | $3,490,293 | -$466,563 | $8,614,111 | $5,951,817 | $2,662,294 |
| June 30, 2024 | 990 | $3,798,050 | $3,636,593 | $161,457 | $9,286,107 | $6,157,250 | $3,128,857 |
| June 30, 2023 | 990 | $3,727,152 | $3,771,040 | -$43,888 | $9,187,313 | $6,219,913 | $2,967,400 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $220,295
- of which government grants
- $210,617
- Program service revenue
- $2,753,946
- Investment income
- $47,148
- Other revenue
- $2,341
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $131,859
- Other salaries and wages
- $1,717,632
- Salaries, compensation and benefits (total)
- $1,849,491
- Professional fundraising fees
- $0
- Legal fees
- $14,237
- Accounting fees
- $110,512
- Travel
- $36,194
- Depreciation
- $197,809
- Program services (functional)
- $2,690,483
- Management and general (functional)
- $794,266
- Fundraising (functional)
- $5,544
Balance sheet and other
- Total assets, start of year
- $9,286,107
- Total assets, end of year
- $8,614,111
- Total liabilities, end of year
- $5,951,817
- Net assets, end of year
- $2,662,294
- Land, buildings and equipment
- $4,001,304
- Net assets without donor restrictions
- $2,615,948
- Net assets with donor restrictions
- $46,346
- Gross receipts
- $3,023,730
- Employees
- 0
- Volunteers
- 25
- Year formed
- 2006
- State of legal domicile
- AZ
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 |
|---|---|---|---|---|
| JULIE DOWNING | PRINCIPAL Officer | 65 | $87,834 | $2,775 |
| KEVEN BARKER | SCHOOL DIREC Officer | 85 | $41,250 | $0 |
| CHRISTY NARSI | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| NOEL ROBERTS | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| ATWOOD STANDLEY | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| MARK VITE | SECRETARY Trustee or director, Officer | 25 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JULIE DOWNING | PRINCIPAL Officer | 65 | $80,000 | $7,850 |
| KEVEN BARKER | SCHOOL DIREC Officer | 85 | $50,250 | $0 |
| TERI AZLIN | MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTY NARSI | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| ATWOOD STANLEY | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 |
| MARK VITE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JULIE DOWNING | PRINCIPAL Officer | 40 | $80,000 | $7,850 |
| KEVEN BARKER | SCHOOL DIREC Officer | 25 | $50,250 | $0 |
| TERI AZLIN | MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTY NARSI | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| ATWOOD STANDLEY | VICE PRESIDE Trustee or director, Officer | 0.5 | $0 | $0 |
| MARK VITE | SECRETARY Trustee or director, Officer | 25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 22616 N 39TH TER, PHOENIX, AZ 85050-5406
- In care of
- % MICHAEL REIMAN
- Principal officer (990 for 2024)
- CHRISTY NARSI, 3916 E PARADISE LANE, PHOENIX, AZ 85032
- Signed the 990
- CHRISTY NARSI, PRESIDENT
- Phone
- (602) 424-0771
- Return prepared by
- FESTER & CHAPMAN PLLC
Mission
FREEDOM ACADEMY WILL PROVIDE EACH STUDENT AN EQUAL EDUCATION THAT WILL EQUIP THEM FOR THE FUTURE BY TEACHING CHARACTER WITH INTEGRITY, HONOR AND LEADERSHIP, THE DESIRE TO BECOME LIFELONG LEARNERS, AND BECOME POSITIVE CONTRIBUTORS AND PARTICIPANTS WITHIN THEIR FAMILIES AND THEIR COMMUNITIES.
Program accomplishments
- AT FREEDOM ACADEMY, WE PRIDE OURSELVES ON THE RICH EDUCATION WE PROVIDE FOR STUDENTS AS WELL AS THE GENUINE, HEART-FELT CARE WE OFFER EACH CHILD. WE LOOK FORWARD TO MEETING EACH AND EVERY ONE OF YOU. OUR SCHOOL OFFERS TRADITIONAL K-8 EDUCATION, ENRICHED WITH CHARACTER BUILDING, AND TEAMED WITH TECHNOLOGY, ART, AND P.E. AFTER-SCHOOL CLUBS AND SPORTS PROGRAMS ARE OFFERED. THIS YEAR, WE HAD BASKETBALL, FLAG FOOTBALL, SOCCER, AND CHEER IN ADDITION TO VARIOUS AFTER SCHOOL OPPORTUNITIES. FOR OUR MIDDLE SCHOOL STUDENTS, WE HOST A NJHS LEADERSHIP PROGRAM. THIS PROGRAM ALLOWS MIDDLE SCHOOL STUDENTS THE OPPORTUNITY TO GROW AND DEVELOP THEIR LEADERSHIP SKILLS, STARTING WITH SCHOOL INVOLVEMENT. THE LEADERSHIP STUDENTS SERVE AS ROLE MODELS IN THEIR SCHOOL COMMUNITY AND ARE OFTEN ACTIVELY PARTICIPATING IN EVENTS AT SCHOOL. YOUNGER STUDENTS ARE ENCOURAGED BY THE EXAMPLE LEADERSHIP STUDENTS SET AND CAN'T WAIT TO GET INVOLVED THEMSELVES WHEN THEY ENTER MIDDLE SCHOOL WE ALSO OFFER AN AFTER-SCHOOL HOMEWORK CLUB FOR ALL GRADE LEVELS.Expenses $2,690,483 · revenue $2,753,946
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
- 51-0584248
- 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
- 2007
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $8,614,111
- Income (IRS master file)
- $3,023,730
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,023,730 | $3,490,293 | $8,614,111 | IRS |
| 990 | June 2024 | $3,798,050 | $3,636,593 | $9,286,107 | IRS |
| 990 | June 2023 | $3,727,152 | $3,771,040 | $9,187,313 | XML |
| 990 | June 2022 | $3,623,676 | $3,462,807 | $8,866,915 | 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 51-0584248).
Questions about FREEDOM ACADEMY INC
- What is the EIN of FREEDOM ACADEMY INC?
- The employer identification number (EIN) of FREEDOM ACADEMY INC is 51-0584248.
- Is FREEDOM ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to FREEDOM ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FREEDOM 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 FREEDOM 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 FREEDOM 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 FREEDOM ACADEMY INC?
- The 990 for the year ended June 30, 2025 names CHRISTY NARSI.
- Who are the officers and directors of FREEDOM ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 2 received compensation from the organization, the highest $87,834 (JULIE DOWNING, PRINCIPAL).
- How much revenue does FREEDOM ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,023,730, expenses of $3,490,293 and total assets of $8,614,111 at year end.
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