Nonprofit · EIN 58-2395519
ROYAL PALM ACADEMY INC
Tax-exempt · NAPLES, FL 34110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $8,338,561 | $6,660,176 | $1,678,385 | $11,810,264 | $3,415,721 | $8,394,543 |
| June 30, 2024 | 990 | $10,950,662 | $8,767,666 | $2,182,996 | $9,033,356 | $2,358,209 | $6,675,147 |
| June 30, 2023 | 990 | $6,802,095 | $6,453,229 | $348,866 | $6,638,103 | $2,192,664 | $4,445,439 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,728,992
- of which government grants
- $2,325,708
- Program service revenue
- $3,597,653
- Investment income
- $83,168
- Net rental income
- $2,464
- Net gain from sales of assets
- $23,145
- Net income from fundraising events
- -$70,874
- Other revenue
- -$71,252
Expenses
- Grants and similar amounts paid
- $451,144
- Compensation of officers, directors and key employees
- $355,235
- Other salaries and wages
- $3,058,503
- Salaries, compensation and benefits (total)
- $4,026,469
- Professional fundraising fees
- $0
- Legal fees
- $6,648
- Accounting fees
- $29,924
- Occupancy
- $691,504
- Depreciation
- $351,964
- Program services (functional)
- $5,669,939
- Management and general (functional)
- $712,867
- Fundraising (functional)
- $277,370
Balance sheet and other
- Total assets, start of year
- $9,033,356
- Total assets, end of year
- $11,810,264
- Total liabilities, end of year
- $3,415,721
- Net assets, end of year
- $8,394,543
- Land, buildings and equipment
- $5,507,011
- Publicly traded securities
- $534,867
- Net assets without donor restrictions
- $5,028,594
- Net assets with donor restrictions
- $3,365,949
- Gross receipts
- $10,254,598
- Employees
- 91
- Volunteers
- 60
- Year formed
- 1998
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL BUSSMAN | HEAD OF SCHOOL Officer | 40 | $199,498 | $31,559 |
| DENNIS FRODSHAM | CFO/COO Officer | 40 | $116,564 | $7,135 |
| KAREN AVERY | PRESIDENT Trustee or director, Officer | 0.1 | $0 | $0 |
| JOE O'MALLEY | VICE PRESIDENT Trustee or director, Officer | 0.1 | $0 | $0 |
| CHARLES CIUNI | TREASURER Trustee or director, Officer | 0.1 | $0 | $0 |
| OLESYA KARAKOSTA | SECRETARY Trustee or director, Officer | 0.1 | $0 | $0 |
| JARED FORD | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| ROBERT RINGHOFER | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| TIMOTHY SCHWARTZ | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| BRIDGET DAVIS | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| ANN HILDRETH | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| JOE BONURA | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL BUSSMAN | HEAD OF SCHOOL Officer | 40 | $195,956 | $45,460 |
| DENNIS FRODSHAM | CFO/COO Officer | 40 | $105,593 | $14,990 |
| KAREN AVERY | PRESIDENT Trustee or director, Officer | 0.1 | $0 | $0 |
| JOE O'MALLEY | VICE PRESIDENT Trustee or director, Officer | 0.1 | $0 | $0 |
| CHARLES CIUNI | TREASURER Trustee or director, Officer | 0.1 | $0 | $0 |
| OLESYA KARAKOSTA | SECRETARY Trustee or director, Officer | 0.1 | $0 | $0 |
| JARED FORD | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| ROBERT RINGHOFER | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| TIMOTHY SCHWARTZ | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL BUSSMAN | HEAD OF SCHOOL Officer | 40 | $136,470 | $9,851 |
| DENNIS FRODSHAM | BUSINESS MANAGER/CFO Officer | 40 | $97,640 | $10,106 |
| KAREN AVERY | PRESIDENT Trustee or director, Officer | 0.1 | $0 | $0 |
| JOE O'MALLEY | VICE PRESIDENT Trustee or director, Officer | 0.1 | $0 | $0 |
| CHARLES CIUNI | TREASURER Trustee or director, Officer | 0.1 | $0 | $0 |
| OLESYA KARAKOSTA | SECRETARY Trustee or director, Officer | 0.1 | $0 | $0 |
| JACQUELINE BALANDRA | IMMEDIATE PAST PRESIDENT Trustee or director, Officer | 0.1 | $0 | $0 |
| JARED FORD | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| ROBERT RINGHOFER | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| TIMOTHY SCHWARTZ | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 16100 LIVINGSTON RD, NAPLES, FL 34110-3218
- Principal officer (990 for 2024)
- CHARLES R CIUNI, 16100 LIVINGSTON ROAD, NAPLES, FL 34110
- Signed the 990
- CHARLES R CIUNI, TREASURER
- Phone
- (239) 594-9888
- Website
- ROYALPALMACADEMY.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE MISSION OF ROYAL PALM ACADEMY IS TO PARTNER WITH FAMILIES TO PROVIDE AN EDUCATION OF RICH ACADEMICS WITH CATHOLIC FORMATION. WE TEACH THE MIND, EDUCATE THE HEART, AND FORM THE CHARACTER OF TOMORROW'S LEADERS.
Program accomplishments
- ROYAL PALM ACADEMY OPERATES AN ELEMENTARY SCHOOL WITH APPROXIMATELY 325 STUDENTS FROM PRE-KINDERGARTEN THROUGH 8TH GRADE.Expenses $5,669,939 · grants $451,144 · revenue $3,597,653
What it must file and when
IRS records say it files Not required (religious organization). 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
- 58-2395519
- 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
- 1999
- Accounting year ends
- June
- Files
- Not required (religious organization)
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $11,810,264
- Income (IRS master file)
- $10,254,598
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $8,338,561 | $6,660,176 | $11,810,264 | IRS |
| 990 | June 2024 | $10,950,662 | $8,767,666 | $9,033,356 | IRS |
| 990 | June 2023 | $6,802,095 | $6,453,229 | $6,638,103 | XML |
| 990 | June 2022 | $4,360,331 | $4,404,248 | $6,267,583 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 58-2395519).
Questions about ROYAL PALM ACADEMY INC
- What is the EIN of ROYAL PALM ACADEMY INC?
- The employer identification number (EIN) of ROYAL PALM ACADEMY INC is 58-2395519.
- Is ROYAL PALM ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to ROYAL PALM ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ROYAL PALM ACADEMY INC file?
- Form Not required (religious organization).
- When is the next return of ROYAL PALM 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 ROYAL PALM 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 ROYAL PALM ACADEMY INC?
- The 990 for the year ended June 30, 2025 names CHARLES R CIUNI.
- Who are the officers and directors of ROYAL PALM ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 2 received compensation from the organization, the highest $199,498 (MICHAEL BUSSMAN, HEAD OF SCHOOL).
- How much revenue does ROYAL PALM ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $8,338,561, expenses of $6,660,176 and total assets of $11,810,264 at year end.
Other nonprofits in NAPLES
- THE MOORINGS INCORPORATED EIN 59-1834357 · last filed 990 for 2025
- AVOW HOSPICE INC EIN 59-2201250 · last filed 990 for 2024
- BETTER TOGETHER STRENGTHENING FAMILIES INC EIN 47-5591391 · last filed 990 for 2024
- YOUTH HAVEN INC EIN 23-7065187 · last filed 990 for 2025
- THE SHELTER FOR ABUSED WOMEN & CHILDREN INC EIN 59-2752895 · last filed 990 for 2025
- GRACE PLACE FOR CHILDREN AND FAMILIES INC EIN 65-1229558 · last filed 990 for 2025
- ST VINCENT DE PAUL SOCIETY INC EIN 59-1711287 · last filed 990 for 2025
- FUN TIME EARLY CHILDHOOD ACADEMY INC EIN 59-1039978 · last filed 990 for 2025