Nonprofit · EIN 63-0356666
MADISON ACADEMY INC
Tax-exempt · MADISON, AL 35758
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $13,196,574 | $13,001,401 | $195,173 | $14,019,102 | $5,589,915 | $8,429,187 |
| June 30, 2024 | 990 | $12,770,651 | $13,413,623 | -$642,972 | $13,893,785 | $6,004,221 | $7,889,564 |
| June 30, 2023 | 990 | $9,877,162 | $10,604,690 | -$727,528 | $14,968,719 | $7,179,325 | $7,789,394 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $752,092
- of which government grants
- $248,463
- Program service revenue
- $12,352,647
- Investment income
- $109,976
- Net gain from sales of assets
- $14,004
- Net income from fundraising events
- -$18,141
- Other revenue
- -$18,141
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $241,275
- Other salaries and wages
- $5,975,019
- Salaries, compensation and benefits (total)
- $7,235,147
- Professional fundraising fees
- $0
- Accounting fees
- $42,431
- Occupancy
- $300,216
- Travel
- $21,867
- Depreciation
- $788,527
- Program services (functional)
- $11,388,957
- Management and general (functional)
- $1,371,935
- Fundraising (functional)
- $240,509
Balance sheet and other
- Total assets, start of year
- $14,092,475
- Total assets, end of year
- $14,019,102
- Total liabilities, end of year
- $5,589,915
- Net assets, end of year
- $8,429,187
- Land, buildings and equipment
- $10,552,292
- Publicly traded securities
- $1,653,680
- Net assets without donor restrictions
- $6,895,303
- Net assets with donor restrictions
- $1,533,884
- Gross receipts
- $15,179,131
- Employees
- 226
- Volunteers
- 150
- Year formed
- 1955
- State of legal domicile
- AL
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 |
|---|---|---|---|---|
| CASEY FARRIS | PRESIDENT Officer | 40 | $205,600 | $29,400 |
| TIM BROWN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JASON BYBEE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| WESLEY CANERDAY | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DR JAMES FLATT | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DR AMY LEATON | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CAREY ROSENBLUM | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SCOTTY SPARKS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SHANE STROMEI | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| EMILY WALLIS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CASEY FARRIS | PRESIDENT Officer | 50 | $205,600 |
| WESLEY CANERDAY | CHAIR Trustee or director, Officer | 2 | $0 |
| DR AMY LEATON | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| JASON BYBEE | SECRETARY Trustee or director, Officer | 2 | $0 |
| SHANE STROMEI | TREASURER Trustee or director, Officer | 2 | $0 |
| TIM BROWN | BOARD MEMBER Trustee or director | 2 | $0 |
| CAREY ROSENBLUM | BOARD MEMBER Trustee or director | 2 | $0 |
| SCOTTY SPARKS | BOARD MEMBER Trustee or director | 2 | $0 |
| DR JAMES FLATT | BOARD MEMBER Trustee or director | 2 | $0 |
| EMILY WALLIS | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CASEY FARRIS | PRESIDENT Officer | 50 | $202,498 |
| TOM MCKEE | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| DR AMY LEATON | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| WESLEY CANERDAY | SECRETARY Trustee or director, Officer | 2 | $0 |
| TIM BROWN | MEMBER Trustee or director | 2 | $0 |
| JASON BYBEE | TREASURER Trustee or director, Officer | 2 | $0 |
| JAMES FLATT | MEMBER Trustee or director | 2 | $0 |
| CAREY ROSENBLUM | MEMBER Trustee or director | 2 | $0 |
| SCOTTY SPARKS | MEMBER Trustee or director | 2 | $0 |
| SHANE STROMEI | MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 325 SLAUGHTER RD, MADISON, AL 35758-2007
- In care of
- % CAROL BRITTAIN
- Principal officer (990 for 2024)
- CASEY FARRIS, 325 SLAUGHTER ROAD, MADISON, AL 35758
- Signed the 990
- CASEY FARRIS, PRESIDENT
- Phone
- (256) 469-6406
- Website
- WWW.MACADEMY.ORG
- Return prepared by
- ALDRIDGE BORDEN & COMPANY PC
Mission
PRIVATE SCHOOL DEDICATED TO EDUCATION OF CHILDREN FROM PK4 THROUGH GRADE 12.
Program accomplishments
- THERE ARE APPROXIMATELY 860 STUDENTS IN PK4 THROUGH GRADE 12.Expenses $11,388,957 · revenue $12,352,647
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
- 63-0356666
- 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
- 1958
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $14,019,102
- Income (IRS master file)
- $15,179,131
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $13,196,574 | $13,001,401 | $14,019,102 | IRS |
| 990 | June 2024 | $12,770,651 | $13,413,623 | $13,893,785 | IRS |
| 990 | June 2023 | $9,877,162 | $10,604,690 | $14,968,719 | XML |
| 990 | June 2022 | $8,740,995 | $9,198,972 | $14,056,099 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 63-0356666).
Questions about MADISON ACADEMY INC
- What is the EIN of MADISON ACADEMY INC?
- The employer identification number (EIN) of MADISON ACADEMY INC is 63-0356666.
- Is MADISON ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1958.
- Are donations to MADISON ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MADISON 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 MADISON 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 MADISON 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 MADISON ACADEMY INC?
- The 990 for the year ended June 30, 2025 names CASEY FARRIS.
- Who are the officers and directors of MADISON ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $205,600 (CASEY FARRIS, PRESIDENT).
- How much revenue does MADISON ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $13,196,574, expenses of $13,001,401 and total assets of $14,019,102 at year end.
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