Nonprofit · EIN 81-2700759
INDEPENDENCE CLASSICAL ACADEMY INC
Tax-exempt · FORT PIERCE, FL 34981
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,411,254 | $6,987,794 | -$576,540 | $15,316,332 | $15,280,569 | $35,763 |
| June 30, 2024 | 990 | $4,926,179 | $4,401,495 | $524,684 | $17,252,069 | $16,645,377 | $606,692 |
| June 30, 2023 | 990 | $3,983,027 | $3,875,735 | $107,292 | $11,074,228 | $10,992,220 | $82,008 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $6,156,782
- Investment income
- $0
- Other revenue
- $254,472
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $258,423
- Salaries, compensation and benefits (total)
- $258,423
- Professional fundraising fees
- $0
- Depreciation
- $378,802
- Program services (functional)
- $5,863,897
- Management and general (functional)
- $1,123,897
Balance sheet and other
- Total assets, start of year
- $17,252,069
- Total assets, end of year
- $15,316,332
- Total liabilities, end of year
- $15,280,569
- Net assets, end of year
- $35,763
- Land, buildings and equipment
- $12,512,789
- Gross receipts
- $6,411,254
- Employees
- 97
- Volunteers
- 50
- Year formed
- 2020
- 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 |
|---|---|---|---|
| SANDY HOWARD | EXECUTIVE DIRECTOR Key employee | 70 | $253,581 |
| CLAY BECTON | CHAIR Trustee or director, Officer | 2 | $0 |
| CARLO FRADE JR | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| JASON REVELS | SECRETARY Trustee or director, Officer | 1 | $0 |
| MARCIA CULLY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SANDY HOWARD | EXECUTIVE DIRECTOR Key employee | 40 | $245,000 |
| CLAY BECTON | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| CARLO FRADE JR | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| CATHY TOWNSEND | FOUNDER/MEMBER Trustee or director | 1 | $0 |
| JASON REVELS | SECRETARY Trustee or director, Officer | 1 | $0 |
| LANCE POOLE | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SANDY HOWARD | EXECUTIVE DIRECTOR Key employee | 40 | $152,931 |
| CLAY BECTON | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| CARLO FRADE JR | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| CATHY TOWNSEND | FOUNDER/MEMBER Trustee or director | 1 | $0 |
| JASON REVELS | SECRETARY Trustee or director, Officer | 1 | $0 |
| LANCE POOLE | TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2902 S JENKINS RD, FORT PIERCE, FL 34981-4427
- Principal officer (990 for 2024)
- CLAY BECTON, 2902 S JENKINS ROAD, FORT PIERCE, FL 34981
- Signed the 990
- CLAY BECTON, PRESIDENT
- Phone
- (772) 837-9300
- Website
- ICACHARTER.ORG
- Return prepared by
- VERDEJA & ALVAREZ LLP
Mission
INDEPENDENCE CLASSICAL ACADEMY EXISTS TO PROVIDE A DISCIPLINED AND HIGHLY ENGAGING LEARNING ENVIRONMENT RICH IN SCHOLARSHIP, CHARACTER BUILDING, CITIZENSHIP, MORAL VIRTUE, CIVICS, AND LIBERAL ARTS. THIS TIME-TESTED, CLASSICAL LIBERAL ARTS EDUCATION WILL ENSURE STUDENTS ARE HIGHLY PREPARED, THROUGH RIGOROUS AND RELEVANT CORE CONTENT WITH AN EMPHASIS ON LITERACY, TO BE HIGHLY PRODUCTIVE AND SUCCESSFUL CITIZENS WITH A STRONG SENSE OF CHARACTER AND CIVIC RESPONSIBILITY.
Program accomplishments
- INDEPENDENCE CLASSICAL ACADEMY EXISTS TO FILL A ROLE IN PUBLIC EDUCATION THAT IS CURRENTLY MISSING IN ST. LUCIE COUNTY. A VIRTUOUS ENVIRONMENT IN WHICH TO PROVIDE AN ACADEMICALLY RIGOROUS CURRICULUM WHERE GOOD MORAL VIRTUE IS NOT ONLY ENCOURAGED, BUT EXPECTED. A PLACE WHERE TEACHERS CAN TEACH, AND STUDENTS WILL LEARN. OFFERING A SETTING FREE FROM DIGITAL LEARNING AND THE DISTRACTIONS OF SCREENS AND PRESSURES OF SOCIAL MEDIA THAT MANY KIDS ARE FIXATED ON IN TODAY'S WORLD, WE ARE ABLE TO HONE IN ON CREATING CRITICAL THINKERS THAT ARE FLUENT READERS, WRITERS, AND SPEAKERS. STUDENTS IN OUR ACADEMY ARE BEING TAUGHT THAT CHARACTER COUNTS, AND THAT THEY ARE CAPABLE OF HARD THINGS. KIDS ARE GETTING OUTDOORS, EXPERIENCING LEARNING FOR ALL LEARNING STYLES, AND BEING HELD ACCOUNTABLE FOR THEIR OWN LEARNING GAINS, AS OPPOSED TO SPENDING TEN MONTHS LEARNING HOW TO PASS A STANDARDIZED TEST. THE CULTURE AT ICA IS THAT OF A FAMILY, AND THE GAINS OUR STUDENTS MAKE ACADEMICALLY ARE LARGELY TIED TO THE ENVIRONMENT IN WHICH THEY ARE TAUGHT, A SMALL, HIGHLY STRUCTURED SCHOOL THAT FOCUSES ON KNOWING ALL OF OUR KIDS, AND GETTING THEM TO REACH THEIR FULL POTENTIAL.Expenses $5,863,897 · revenue $6,411,254
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
- 81-2700759
- 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
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $15,316,332
- Income (IRS master file)
- $6,411,254
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,411,254 | $6,987,794 | $15,316,332 | XML |
| 990 | June 2024 | $4,926,179 | $4,401,495 | $17,252,069 | IRS |
| 990 | June 2023 | $3,983,027 | $3,875,735 | $11,074,228 | IRS |
| 990 | June 2022 | $2,618,925 | $2,752,527 | $11,182,975 | IRS |
| 990 | June 2021 | $2,488,195 | $2,428,742 | $346,948 | 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 81-2700759).
Questions about INDEPENDENCE CLASSICAL ACADEMY INC
- What is the EIN of INDEPENDENCE CLASSICAL ACADEMY INC?
- The employer identification number (EIN) of INDEPENDENCE CLASSICAL ACADEMY INC is 81-2700759.
- Is INDEPENDENCE CLASSICAL ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to INDEPENDENCE CLASSICAL ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDEPENDENCE CLASSICAL 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 INDEPENDENCE CLASSICAL 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 INDEPENDENCE CLASSICAL 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 INDEPENDENCE CLASSICAL ACADEMY INC?
- The 990 for the year ended June 30, 2025 names CLAY BECTON.
- Who are the officers and directors of INDEPENDENCE CLASSICAL ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $253,581 (SANDY HOWARD, EXECUTIVE DIRECTOR).
- How much revenue does INDEPENDENCE CLASSICAL ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,411,254, expenses of $6,987,794 and total assets of $15,316,332 at year end.
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