Nonprofit · EIN 57-1119456
JUBILEE ACADEMY INC
Tax-exempt · COLUMBIA, SC 29240
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,378,613 | $539,805 | $3,838,808 | $3,935,363 | $197,877 | $3,737,486 |
| December 31, 2023 | 990 | $414,754 | $562,978 | -$148,224 | $93,925 | $195,163 | -$101,238 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,252,252
- Program service revenue
- $126,351
- Investment income
- $10
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $9,440
- Other salaries and wages
- $236,914
- Salaries, compensation and benefits (total)
- $316,885
- Professional fundraising fees
- $0
- Travel
- $1,511
- Depreciation
- $73,630
- Program services (functional)
- $539,805
Balance sheet and other
- Total assets, start of year
- $93,925
- Total assets, end of year
- $3,935,363
- Total liabilities, end of year
- $197,877
- Net assets, end of year
- $3,737,486
- Land, buildings and equipment
- $3,915,509
- Net assets without donor restrictions
- $3,838,806
- Net assets with donor restrictions
- -$101,320
- Gross receipts
- $4,378,613
- Employees
- 21
- Year formed
- 2001
- State of legal domicile
- SC
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sandra L Hensley | Executive Director | 40 | $9,440 |
| Hampton Oliver | Secretary Officer | 0.5 | $0 |
| William E DeLoache III | Chairman Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sandra L Hensley | Executive Director | 40 | $56,250 |
| John Frick | Director Trustee or director | 0.5 | $0 |
| Dr Stuart Hamilton | Director Trustee or director | 0.5 | $0 |
| Hampton Oliver | Secretary Officer | 0.5 | $0 |
| William E DeLoache III | Chairman Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 4476, COLUMBIA, SC 29240-4476
- In care of
- % SANDRA HENSLEY
- Principal officer (990 for 2024)
- Sandra L Hensley
- Signed the 990
- Sandra L Hensley, Executive Dir.
- Phone
- (803) 787-3009
- Website
- www.JubileeAcademySC.org
- Return prepared by
- The Hobbs Group PA
Mission
To positively impact the lives of minority children in poverty strickened communities in the metropolitan area through education and religion.
Program accomplishments
- To positively impact the lives of minority children in poverty stricken communities in the Columbia metropolitan area by:+Building Relationships+Provide Training to Parents+Providing a Year-Round, Full-Time, Christian Independent SchoolIn an effort to reshape the lives of economically disadvantaged youth and provide a solution to generational poverty.Expenses $539,805 · revenue $389,464
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 57-1119456
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P80)
- Assets (IRS master file)
- $3,935,363
- Income (IRS master file)
- $4,378,613
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,378,613 | $539,805 | $3,935,363 | IRS |
| 990 | December 2023 | $414,754 | $562,978 | $93,925 | XML |
| 990 | December 2022 | $603,226 | $472,629 | $278,078 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | July 2019 | – | – | – | IRS |
| 990 | July 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 57-1119456).
Questions about JUBILEE ACADEMY INC
- What is the EIN of JUBILEE ACADEMY INC?
- The employer identification number (EIN) of JUBILEE ACADEMY INC is 57-1119456.
- Is JUBILEE ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to JUBILEE ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does JUBILEE 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 JUBILEE ACADEMY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JUBILEE ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of JUBILEE ACADEMY INC?
- The 990 for the year ended December 31, 2024 names Sandra L Hensley.
- Who are the officers and directors of JUBILEE ACADEMY INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $9,440 (Sandra L Hensley, Executive Director).
- How much revenue does JUBILEE ACADEMY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,378,613, expenses of $539,805 and total assets of $3,935,363 at year end.
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