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Nonprofit · EIN 59-3401752

OKALOOSA ACADEMY INCORPORATED

Tax-exempt · MIRAMAR BEACH, FL 32550

Financials

$3.2M$3.5M2023$1.6M$2.2M2024
Revenue Expenses · by fiscal year end
Financials of OKALOOSA ACADEMY INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,621,465$2,195,264-$573,799$1,441,595$20,474$1,421,121
June 30, 2024990$3,203,159$3,451,874-$248,715$2,237,458$242,538$1,994,920
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,336,500
of which government grants
$1,336,500
Program service revenue
$7,968
Investment income
$386
Other revenue
$276,611

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$825,229
Salaries, compensation and benefits (total)
$899,104
Professional fundraising fees
$0
Accounting fees
$18,500
Occupancy
$64,839
Travel
$7,921
Depreciation
$119,274
Program services (functional)
$1,008,861
Management and general (functional)
$1,186,403

Balance sheet and other

Total assets, start of year
$2,237,458
Total assets, end of year
$1,441,595
Total liabilities, end of year
$20,474
Net assets, end of year
$1,421,121
Land, buildings and equipment
$436,978
Net assets without donor restrictions
$544,990
Net assets with donor restrictions
$876,131
Gross receipts
$1,621,465
Employees
45
Volunteers
5
Year formed
1996
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.

NameTitleHours / weekCompensation
DR GREGORY SEATONCHAIRPERSON
Trustee or director, Officer
1$0
ANGELO PEARSONVICE CHAIRPE
Trustee or director, Officer
1$0
ANN BLACKSECRETARY
Trustee or director
1$0
JIMMY JAMESTREASURER
Trustee or director
1$0
VICKIE SYKESBOARD MEMBER
Trustee or director
1$0
990 for the year ended June 30, 2024: 5 people
NameTitleHours / weekCompensation
ANN BLACKSECRETARY
Trustee or director
1$0
JIMMY JAMESTREASURER
Trustee or director
1$0
ANGELO PEARSONVICE CHAIRPE
Trustee or director, Officer
1$0
DR GREGORY SEATONCHAIRPERSON
Trustee or director, Officer
1$0
VICKIE SYKESBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
101A BUSINESS CENTRE DR, MIRAMAR BEACH, FL 32550-6984
Principal officer (990 for 2024)
DR GREGORY SEATON
Signed the 990
DR GREGORY SEATON, CHAIRPERSON
Phone
(850) 314-6571
Return prepared by
MKA ADVISORY LLC

Mission

TO PROVIDE EDUCATIONAL SERVICES TO STUDENTS IN GRADES 6-12.

990 for the year ended June 30, 2025

Program accomplishments

  • TO PROVIDE EDUCATIONAL SERVICES TO STUDENTS IN GRADES 6-12.
    Expenses $1,008,861

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
59-3401752
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
1997
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B25P)
Assets (IRS master file)
$1,441,595
Income (IRS master file)
$1,621,465

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,621,465$2,195,264$1,441,595XML
990June 2024$3,203,159$3,451,874$2,237,458IRS
990June 2023$3,394,271$3,286,838$2,277,765IRS
990June 2022$3,514,993$3,448,137$2,155,468IRS
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 59-3401752).

Questions about OKALOOSA ACADEMY INCORPORATED

What is the EIN of OKALOOSA ACADEMY INCORPORATED?
The employer identification number (EIN) of OKALOOSA ACADEMY INCORPORATED is 59-3401752.
Is OKALOOSA ACADEMY INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to OKALOOSA ACADEMY INCORPORATED tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does OKALOOSA ACADEMY INCORPORATED 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 OKALOOSA ACADEMY INCORPORATED 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 OKALOOSA ACADEMY INCORPORATED 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 OKALOOSA ACADEMY INCORPORATED?
The 990 for the year ended June 30, 2025 names DR GREGORY SEATON.
Who are the officers and directors of OKALOOSA ACADEMY INCORPORATED?
The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does OKALOOSA ACADEMY INCORPORATED have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,621,465, expenses of $2,195,264 and total assets of $1,441,595 at year end.

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