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Nonprofit · EIN 59-3519824

PALM BAY ACADEMY

Tax-exempt · PALM BAY, FL 32905

Financials

$5.1M$5.8M2024
Revenue Expenses · by fiscal year end
Financials of PALM BAY ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$5,079,226$5,837,435-$758,209$9,956,413$14,469,369-$4,512,956
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$4,750,395
of which government grants
$4,750,395
Program service revenue
$35,608
Investment income
$78,455
Tax-exempt bond proceeds
$78,455
Other revenue
$214,768

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$105,551
Other salaries and wages
$2,769,553
Salaries, compensation and benefits (total)
$3,257,441
Professional fundraising fees
$0
Occupancy
$128,782
Depreciation
$477,496
Program services (functional)
$5,434,706
Management and general (functional)
$402,729

Balance sheet and other

Total assets, start of year
$10,923,751
Total assets, end of year
$9,956,413
Total liabilities, end of year
$14,469,369
Net assets, end of year
-$4,512,956
Land, buildings and equipment
$6,276,982
Net assets without donor restrictions
-$5,799,688
Net assets with donor restrictions
$1,286,732
Gross receipts
$5,079,226
Employees
88
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.

NameTitleHours / weekCompensation
ANTHONY EL-KHOURIMEMBER
Trustee or director
0.5$0
LYNETTE FODORMEMBER
Trustee or director
0.5$0
JEANNE CUNNINGHAMSECRETARY
Officer
0.5$0
BRENDAN PURCELLBOARD CHAIR
Officer
0.5$0

Address and contacts

Address (IRS master file)
2112 PALM BAY RD NE, PALM BAY, FL 32905-2915
In care of
% MADHU LONGANI
Principal officer (990 for 2024)
MADHU LONGANI, 2112 PALM BAY ROAD NE, PALM BAY, FL 32905
Signed the 990
MADHU LONGANI, PRINCIPAL
Return prepared by
FLAVIN NOONEY & PERSON

Mission

PROVIDE PRIMARY EDUCATIONAL SERVICES

990 for the year ended June 30, 2025

Program accomplishments

  • THE SCHOOL PROVIDES EDUCATION FOR CHILDREN FROM KINDERGARDEN THROUGH 8TH GRADE. FOR THE FISCAL YEAR ENDED JUNE 30, 2025, APPROXIMATELY STUDENTS 346 WERE ENROLLED
    Expenses $5,434,706

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
59-3519824
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
Form 990 or 990-EZ
Category (NTEE)
Education (B20)
Assets (IRS master file)
$9,956,413
Income (IRS master file)
$5,079,226

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025–––IRS
990June 2024–––IRS
990June 2023$4,126,250$5,119,217$11,356,794IRS
990June 2022$4,416,270$4,603,873$12,262,383IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about PALM BAY ACADEMY

What is the EIN of PALM BAY ACADEMY?
The employer identification number (EIN) of PALM BAY ACADEMY is 59-3519824.
Is PALM BAY ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to PALM BAY ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PALM BAY ACADEMY 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 PALM BAY ACADEMY 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 PALM BAY ACADEMY 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 PALM BAY ACADEMY?
The 990 for the year ended June 30, 2025 names MADHU LONGANI.
Who are the officers and directors of PALM BAY ACADEMY?
The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does PALM BAY ACADEMY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $5,079,226, expenses of $5,837,435 and total assets of $9,956,413 at year end.

Other nonprofits in PALM BAY

All nonprofits in PALM BAY · Florida · Education