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Nonprofit · EIN 54-0537403

MASSANUTTEN ACADEMY

Tax-exempt · WOODSTOCK, VA 22664

Financials

$4.9M$5.5M2022$5M$5.6M2023$5.5M$6.2M2024
Revenue Expenses · by fiscal year end
Financials of MASSANUTTEN ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$5,479,827$6,198,287-$718,460$6,408,957$1,135,521$5,273,436
June 30, 2024990$4,956,695$5,608,234-$651,539$7,226,044$1,416,286$5,809,758
June 30, 2023990 (amended)$4,909,364$5,546,869-$637,505$7,757,030$1,520,899$6,236,131
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,002,133
Program service revenue
$4,216,717
Investment income
$58,289
Net rental income
$11,500
Net income from sales of inventory
$70,267
Other revenue
$202,688

Expenses

Grants and similar amounts paid
$692,090
Compensation of officers, directors and key employees
$269,108
Other salaries and wages
$2,271,659
Salaries, compensation and benefits (total)
$2,965,664
Professional fundraising fees
$0
Legal fees
$16,039
Accounting fees
$334,206
Occupancy
$297,647
Travel
$76,152
Depreciation
$397,337
Program services (functional)
$4,661,495
Management and general (functional)
$1,499,895
Fundraising (functional)
$36,897

Balance sheet and other

Total assets, start of year
$7,226,044
Total assets, end of year
$6,408,957
Total liabilities, end of year
$1,135,521
Net assets, end of year
$5,273,436
Land, buildings and equipment
$3,113,036
Publicly traded securities
$5,167
Net assets without donor restrictions
$1,610,601
Net assets with donor restrictions
$3,662,835
Gross receipts
$5,651,811
Employees
94
Volunteers
15
Year formed
1899
State of legal domicile
VA

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
LESTER LAYMANJROTC STAFF
Highest-paid employee
40$140,854$0
KIMBERLY ELSHAFIEHEAD OF SCHOOL
Officer
40$112,294$13,254
ELIZABETH COOPERTRUSTEE
Trustee or director
1$0$0
NICOLE PURNELL-DAVISTRUSTEE
Trustee or director
1$0$0
LYNDA C JACKSONTRUSTEE
Trustee or director
1$0$0
DANIEL B WATKINSTRUSTEE
Trustee or director
1$0$0
MICHAEL CONNERSECRETARY
Trustee or director, Officer
1$0$0
MELODY LEVERETT HUTSELLCHAIRMAN OF THE DEVELOPMEN
Trustee or director
1$0$0
RONALD SOUDERSTREASURER
Trustee or director, Officer
1$0$0
ROBERT MILLERBOARD CHAIR
Trustee or director, Officer
1$0$0
ROBERT MARTINKOTRUSTEE
Trustee or director
1$0$0
WALLY ARNOLDTRUSTEE
Trustee or director
1$0$0
MICHAEL PAULVICE CHAIRMAN
Trustee or director, Officer
1$0$0
STEVE REHMANTRUSTEE
Trustee or director
1$0$0
STEVE ASHWORTHTRUSTEE
Trustee or director
1$0$0
1 more people on this return
NameTitleHours / weekCompensation
HEIDI MOSERTRUSTEE
Trustee or director
1$0
990 for the year ended June 30, 2024: 14 people
NameTitleHours / weekCompensation
LESTER LAYMANJROTC STAFF
Highest-paid employee
40$141,124
KIMBERLY ELSHAFIEHEAD OF SCHOOL
Officer
40$112,815
ELIZABETH COOPERTRUSTEE
Trustee or director
1$0
NICOLE PURNELL-DAVISTRUSTEE
Trustee or director
1$0
LYNDA C JACKSONTRUSTEE
Trustee or director
1$0
FRANCIS L HERRING JRTRUSTEE
Trustee or director
1$0
MICHAEL CONNERSECRETARY
Trustee or director, Officer
1$0
MELODY LEVERETT HUTSELLCHAIRMAN OF THE DEVELOPMENT COMMITTEE
Trustee or director
1$0
RONALD SOUDERSTREASURER
Trustee or director, Officer
1$0
ROBERT MILLERBOARD CHAIR
Trustee or director, Officer
1$0
ROBERT MARTINKOTRUSTEE
Trustee or director
1$0
WALLY ARNOLDTRUSTEE
Trustee or director
1$0
MICHAEL PAULVICE CHAIR AND CHAIRMAN OF THE FINANCE COMMITTEE
Trustee or director, Officer
1$0
STEVE REHMANTRUSTEE
Trustee or director
1$0
990 for the year ended June 30, 2023: 19 people
NameTitleHours / weekCompensation
LESTER LAYMANJROTC STAFF
Highest-paid employee
40$140,658
KIMBERLY ELSHAFIEHEAD OF SCHOOL
Trustee or director, Officer
40$119,998
PETE WENKTRUSTEE
Trustee or director
1$0
BILL MAGRUDERCHAIRMAN
Trustee or director, Officer
1$0
STEVE REHMANTRUSTEE
Trustee or director
1$0
MICHAEL PAULTRUSTEE
Trustee or director
1$0
WALLY ARNOLDTRUSTEE
Trustee or director
1$0
ROBERT MARTINKOTRUSTEE
Trustee or director
1$0
ROBERT MILLERVICE CHAIRMAN
Trustee or director, Officer
1$0
RONALD SOUDERSTREASURER
Trustee or director, Officer
1$0
DANIEL WATKINSTRUSTEE
Trustee or director
1$0
MELODY LEVERETT HUTSELLTRUSTEE
Trustee or director
1$0
MICHAEL CONNERTRUSTEE
Trustee or director
1$0
OAKLAND MCCULLOCHTRUSTEE
Trustee or director
1$0
BENJAMIN FREAKLEYTRUSTEE
Trustee or director
1$0
ROBERT CARTER JRTRUSTEE
Trustee or director
1$0
MANUS SPANIERTRUSTEE
Trustee or director
1$0
WILLIAM HOLTZMANTRUSTEE
Trustee or director
1$0
TOM CONNORSTRUSTEE
Trustee or director
1$0

Address and contacts

Address (IRS master file)
614 S MAIN ST, WOODSTOCK, VA 22664-1205
Principal officer (990 for 2024)
KIM ELSHAFIE, 614 S MAIN STREET, WOODSTOCK, VA 22664
Signed the 990
KIM ELSHAFIE, HEAD OF SCHOOL
Phone
(540) 459-2167
Return prepared by
YOUNT HYDE & BARBOUR PC

Mission

OUR MISSION IS TO PREPARE CADETS FOR THEIR SUCCESS BY DELIVERING STRUCTURE AND A SUPERIOR EDUCATIONAL EXPERIENCE. OUR UNIQUE APPROACH INVOLVES AN ENVIRONMENT BUILT ON COLLABORATION, CRITICAL THINKING, AND INNOVATION.

990 for the year ended June 30, 2025

Program accomplishments

  • PROVIDE EDUCATION AND BOARDING FOR GRADES 6 THROUGH 12 AND POST GRADUATE FOR APPROXIMATELY 150 STUDENTS.
    Expenses $4,661,495 · grants $692,090 · revenue $4,337,638

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
54-0537403
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
1934
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$6,408,957
Income (IRS master file)
$5,651,811

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$5,479,827$6,198,287$6,408,957IRS
990June 2024$4,956,695$5,608,234$7,226,044IRS
990June 2023$4,909,364$5,546,869$7,757,030XML
990June 2022$7,381,990$5,683,549$9,039,703IRS
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 54-0537403).

Questions about MASSANUTTEN ACADEMY

What is the EIN of MASSANUTTEN ACADEMY?
The employer identification number (EIN) of MASSANUTTEN ACADEMY is 54-0537403.
Is MASSANUTTEN ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1934.
Are donations to MASSANUTTEN ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MASSANUTTEN 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 MASSANUTTEN 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 MASSANUTTEN 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 MASSANUTTEN ACADEMY?
The 990 for the year ended June 30, 2025 names KIM ELSHAFIE.
Who are the officers and directors of MASSANUTTEN ACADEMY?
The 990 for the year ended June 30, 2025 lists 16 people; 2 received compensation from the organization, the highest $140,854 (LESTER LAYMAN, JROTC STAFF).
How much revenue does MASSANUTTEN ACADEMY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $5,479,827, expenses of $6,198,287 and total assets of $6,408,957 at year end.

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