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Nonprofit · EIN 54-1780628

AD FONTES DUCATIONAL TRUST

Tax-exempt · CENTREVILLE, VA 20120

Financials

$2.9M$2.9M2022$3.3M$2.8M2023$3.1M$2.8M2024
Revenue Expenses · by fiscal year end
Financials of AD FONTES DUCATIONAL TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$3,074,809$2,807,567$267,242$1,409,376$522,044$887,332
June 30, 2024990$3,323,233$2,844,346$478,887$1,339,181$719,385$619,796
June 30, 2023990$2,858,237$2,851,767$6,470$914,471$773,562$140,909
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$249,253
Program service revenue
$2,694,279
Investment income
$116,937
Other revenue
$14,340

Expenses

Grants and similar amounts paid
$435,155
Compensation of officers, directors and key employees
$104,000
Other salaries and wages
$1,478,697
Salaries, compensation and benefits (total)
$1,754,574
Professional fundraising fees
$0
Legal fees
$2,245
Accounting fees
$4,120
Occupancy
$193,956
Depreciation
$64,223
Program services (functional)
$2,558,884
Management and general (functional)
$204,346
Fundraising (functional)
$44,337

Balance sheet and other

Total assets, start of year
$1,339,181
Total assets, end of year
$1,409,376
Total liabilities, end of year
$522,044
Net assets, end of year
$887,332
Land, buildings and equipment
$756,616
Net assets without donor restrictions
$887,332
Gross receipts
$3,074,809
Employees
54
Volunteers
55
Year formed
1995
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 / weekCompensation
JOSH MCCROSKEYFORMER HEAD
Trustee or director
40$62,500
KAREN DOUGHERTYHEAD OF SCHO
Officer
55$59,975
SANDRA BUSCHINGSECRETARY
Trustee or director, Officer
1$0
SAM COXTRUSTEE
Trustee or director
1$0
MARK GOTTLIEBTRUSTEE
Trustee or director
1$0
RICHARD LEEDTREASURER
Trustee or director, Officer
3$0
HAL LINDSEYCHAIRMAN
Trustee or director, Officer
3$0
DAYLE PERCLETRUSTEE
Trustee or director
1$0
KYLE PERRYVICE CHAIR
Trustee or director, Officer
3$0
990 for the year ended June 30, 2024: 9 people
NameTitleHours / weekCompensation
JOSHUA MCCROSKEYHEAD OF SCHOOL
Officer
50$125,000
HAL LINDSEYCHAIRMAN
Trustee or director, Officer
3$0
KYLE PERRYVICE CHAIR
Trustee or director, Officer
3$0
RICHARD LEEDTREASURER
Trustee or director, Officer
3$0
SANDRA BUSCHINGSECRETARY
Trustee or director, Officer
1$0
SAM COXTRUSTEE
Trustee or director
1$0
KAREN DOUGHERTYTRUSTEE
Trustee or director
1$0
DAYLE PERCLETRUSTEE
Trustee or director
1$0
MARK GOTTLIEBTRUSTEE
Trustee or director
1$0
990 for the year ended June 30, 2023: 10 people
NameTitleHours / weekCompensation
JOSHUA MCCROSKEYHEAD OF SCHOOL
Officer
50$77,500
BETH STRACHANINTERIM HEAD OF SCHOOL
Officer
50$46,200
RICHARD LEEDTREASURER
Trustee or director, Officer
3$35,000
SAM COXTRUSTEE
Trustee or director
1$10,000
SARAH MOUTONCHAIRMAN
Trustee or director, Officer
3$0
HAL LINDSEYVICE CHAIR
Trustee or director, Officer
3$0
KAREN DOUGHERTYSECRETARY
Trustee or director, Officer
1$0
KYLE PERRYTRUSTEE
Trustee or director
1$0
SANDRA BUSCHINGTRUSTEE
Trustee or director
1$0
TIM HOLDENTRUSTEE
Trustee or director
1$0

Address and contacts

Address (IRS master file)
15452 LEE HWY, CENTREVILLE, VA 20120-2127
Principal officer (990 for 2024)
KAREN DOUGHERTY, 15452 ROUTE 29, CENTREVILLE, VA 20120
Signed the 990
RICHARD LEED, TREASURER
Phone
(703) 673-1145
Return prepared by
HUEY AND ASSOCIATES PC

Mission

THE AD FONTES MISSION IS TO GLORIFY GOD BY ASSISTING CHRISTIAN PARENTS IN EQUIPPING THEIR CHILDREN TO BE SERVANT LEADERS THROUGH A CLASSICAL EDUCATION BASED ON ETERNAL BIBLICAL TRUTH.

990 for the year ended June 30, 2025

Program accomplishments

  • SINCE 1996, AD FONTES EDUCATIONAL TRUST (AFET) HAS OPERATED AD FONTES ACADEMY WHICH IS A KINDERGARTEN THROUGH 12TH GRADE INDEPENDENT SCHOOL. THE SCHOOL IS AN ACCREDITED CLASSICAL CHRISTIAN SCHOOL THAT PROVIDES A FULL TIME ROBUST ACADEMIC PROGRAM IN A CHRIST-CENTERED COMMUNITY. AD FONTES ACADEMY ALSO PROVIDES OTHER EXTRACURRICULAR ACTIVITIES THROUGH VARIOUS CLUBS AND SPORTS TEAMS. DURING THE 2024-2025 ACADEMIC YEAR THE SCHOOL SERVED 166 STUDENTS.
    Expenses $2,558,884 · grants $435,155 · revenue $2,691,529

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
54-1780628
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
1998
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B20)
Assets (IRS master file)
$1,409,376
Income (IRS master file)
$3,074,809

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$3,074,809$2,807,567$1,409,376IRS
990June 2024$3,323,233$2,844,346$1,339,181IRS
990June 2023$2,858,237$2,851,767$914,471IRS
990June 2022$3,008,492$3,121,958$1,126,305IRS
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 54-1780628).

Questions about AD FONTES DUCATIONAL TRUST

What is the EIN of AD FONTES DUCATIONAL TRUST?
The employer identification number (EIN) of AD FONTES DUCATIONAL TRUST is 54-1780628.
Is AD FONTES DUCATIONAL TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to AD FONTES DUCATIONAL TRUST tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AD FONTES DUCATIONAL TRUST 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 AD FONTES DUCATIONAL TRUST 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 AD FONTES DUCATIONAL TRUST 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 AD FONTES DUCATIONAL TRUST?
The 990 for the year ended June 30, 2025 names KAREN DOUGHERTY.
Who are the officers and directors of AD FONTES DUCATIONAL TRUST?
The 990 for the year ended June 30, 2025 lists 9 people; 2 received compensation from the organization, the highest $62,500 (JOSH MCCROSKEY, FORMER HEAD).
How much revenue does AD FONTES DUCATIONAL TRUST have?
On its 990 for the year ended June 30, 2025 it reported revenue of $3,074,809, expenses of $2,807,567 and total assets of $1,409,376 at year end.

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