Nonprofit · EIN 58-2631425
CHRYSALIS EXPERIENTIAL ACADEMY INC
Tax-exempt · CUMMING, GA 30028
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,589,915 | $1,530,100 | $59,815 | $64,320 | $0 | $64,320 |
| June 30, 2024 | 990 | $1,047,280 | $1,044,636 | $2,644 | $4,505 | $0 | $4,505 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,589,915
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $20,000
- Other salaries and wages
- $579,940
- Salaries, compensation and benefits (total)
- $599,940
- Professional fundraising fees
- $0
- Occupancy
- $618,000
- Depreciation
- $11,958
- Program services (functional)
- $1,530,100
Balance sheet and other
- Total assets, start of year
- $4,505
- Total assets, end of year
- $64,320
- Total liabilities, end of year
- $0
- Net assets, end of year
- $64,320
- Land, buildings and equipment
- $62,446
- Net assets without donor restrictions
- $64,320
- Gross receipts
- $1,589,915
- Employees
- 14
- Year formed
- 2001
- State of legal domicile
- GA
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 |
|---|---|---|---|
| Rick Johnson | President & CEO Trustee or director | 40 | $20,000 |
| Jon Johnson | – | 40 | $0 |
| Andy Hoeweler | – | 40 | $0 |
| Kevin Lowery | – | 40 | $0 |
| Kate Crouse | – | 40 | $0 |
| Debbie Kunion | – | 40 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jon Johnson | – | 40 | $47,917 |
| Andy Hoeweler | – | 40 | $45,600 |
| Kevin Lowery | – | 40 | $42,000 |
| Kate Crouse | – | 40 | $33,541 |
| Debbie Kunion | – | 40 | $30,667 |
| Rick Johnson | President & CEO Trustee or director | 40 | $1,250 |
Address and contacts
- Address (IRS master file)
- 6470 GEORGIA HIGHWAY 400, CUMMING, GA 30028-3460
- In care of
- % CHRYSALIS EXPERIENTIAL ACADEMY
- Signed the 990
- Rick Johnson, CEO
- Phone
- (678) 234-2171
- Return prepared by
- BRADLEY M MAPLE CPA PC
Mission
Chrysalis Experiential Academy, Inc dba Promise Prepartory Academy is a full service college preparatory day school for challenged middle school and high school students that provide these students a unique method of learning.
Program accomplishments
- The academy provided education services for 108 students in grades 4 through 12.Expenses $1,530,100
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
- 58-2631425
- 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
- 2001
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B25)
- Assets (IRS master file)
- $64,320
- Income (IRS master file)
- $1,589,915
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,589,915 | $1,530,100 | $64,320 | XML |
| 990 | June 2024 | $1,047,280 | $1,044,636 | $4,505 | XML |
| 990 | June 2023 | $681,139 | $680,040 | $1,861 | IRS |
| 990 | June 2022 | – | – | – | 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 58-2631425).
Questions about CHRYSALIS EXPERIENTIAL ACADEMY INC
- What is the EIN of CHRYSALIS EXPERIENTIAL ACADEMY INC?
- The employer identification number (EIN) of CHRYSALIS EXPERIENTIAL ACADEMY INC is 58-2631425.
- Is CHRYSALIS EXPERIENTIAL ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to CHRYSALIS EXPERIENTIAL ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHRYSALIS EXPERIENTIAL 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 CHRYSALIS EXPERIENTIAL 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 CHRYSALIS EXPERIENTIAL 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 are the officers and directors of CHRYSALIS EXPERIENTIAL ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $20,000 (Rick Johnson, President & CEO).
- How much revenue does CHRYSALIS EXPERIENTIAL ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,589,915, expenses of $1,530,100 and total assets of $64,320 at year end.
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