Nonprofit · EIN 81-3180774
ACADEMY OF INNOVATION INC
Tax-exempt · GAINESVILLE, GA 30501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $653,436 | $832,187 | -$178,751 | $588,950 | $13,654 | $575,296 |
| May 31, 2024 | 990 | $676,022 | $810,341 | -$134,319 | $821,432 | $67,385 | $754,047 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $80,046
- Program service revenue
- $545,953
- Investment income
- $22,184
- Net income from fundraising events
- $5,253
- Other revenue
- $5,253
Expenses
- Grants and similar amounts paid
- $171,185
- Compensation of officers, directors and key employees
- $75,938
- Other salaries and wages
- $340,252
- Salaries, compensation and benefits (total)
- $459,505
- Professional fundraising fees
- $0
- Accounting fees
- $19,628
- Occupancy
- $85,498
- Travel
- $89
- Depreciation
- $7,299
- Program services (functional)
- $708,746
- Management and general (functional)
- $114,552
- Fundraising (functional)
- $8,889
Balance sheet and other
- Total assets, start of year
- $821,432
- Total assets, end of year
- $588,950
- Total liabilities, end of year
- $13,654
- Net assets, end of year
- $575,296
- Land, buildings and equipment
- $14,146
- Net assets without donor restrictions
- $574,731
- Net assets with donor restrictions
- $565
- Gross receipts
- $658,609
- Employees
- 19
- Volunteers
- 20
- Year formed
- 2016
- 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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROL HENDERSON | HEAD OF SCHO Officer | 40 | $75,938 |
| ADAM BLACKWELL | DIRECTOR Trustee or director, Officer | 1 | $0 |
| ANTHONY DYE | CHAIRPERSON Trustee or director, Officer | 2 | $0 |
| BRENT HATCHER | SECRETARY Trustee or director, Officer | 2 | $0 |
| SARA LYLE | DIRECTOR Trustee or director | 1 | $0 |
| MARTHA MEGAHEE | TREASURER Trustee or director, Officer | 2 | $0 |
| JENNIFER WELCH | DIRECTOR Trustee or director | 1 | $0 |
| AVA H WHITE | DIRECTOR Trustee or director | 1 | $0 |
| MIKE ZOLLER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROL HENDERSON | HEAD OF SCHO Officer | 40 | $70,673 |
| ADAM BLACKWELL | DIRECTOR Trustee or director | 1 | $0 |
| ANTHONY DYE | CHAIRPERSON Trustee or director, Officer | 2 | $0 |
| BRENT HATCHER | SECRETARY Trustee or director, Officer | 2 | $0 |
| RICHARD MALCOLM | DIRECTOR Trustee or director, Officer | 1 | $0 |
| MARTHA MEGAHEE | TREASURER Trustee or director, Officer | 4 | $0 |
| SONIA RICE | DIRECTOR Trustee or director | 1 | $0 |
| AVA H WHITE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1399 THOMPSON BRIDGE RD, GAINESVILLE, GA 30501-1709
- Principal officer (990 for 2024)
- CAROL HENDERSON, 1399 THOMPSON BRIDGE ROAD, GAINESVILLE, GA 30501
- Signed the 990
- CAROL HENDERSON, HEAD OF SCHOOL
- Phone
- (678) 536-6898
- Website
- WWW.AOIGA.COM
- Return prepared by
- BLAIR C DIAZ CPA PC
Mission
TO FOSTER STUDENTS' EMOTIONAL, PHYSICAL, AND INTELLECTUAL GROWTH SO THAT THEY CAN SUCCEED NOT ONLY IN ACADEMICS, BUT IN CAREER SETTINGS AS WELL.
Program accomplishments
- ACADEMY OF INNOVATION IS AN ACCREDITED PRIVATE SCHOOL WITH A PERSONALIZED AND POSITIVE APPROACH TO TEACHING CHILDREN IN GRADES 1 - 12. A FULL-TIME PRIVATE SCHOOL, WE COMPLEMENT OUR COMMUNITY'S EDUCATIONAL SYSTEM WITH INNOVATIVE APPROACHES AND PROVEN RESEARCH-BASED TEACHING METHODS TO INDIVIDUALLY ADDRESS THE NEEDS OF STUDENTS FACING LEARNING BARRIERS. DURING THE YEAR ENDED MAY 31, 2023, WE SERVED A TOTAL OF 34 STUDENTS.Expenses $713,918 · grants $171,185 · revenue $545,953
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 81-3180774
- 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
- 2016
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B28)
- Assets (IRS master file)
- $588,950
- Income (IRS master file)
- $658,609
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $653,436 | $832,187 | $588,950 | XML |
| 990 | May 2024 | $676,022 | $810,341 | $821,432 | XML |
| 990 | May 2023 | $791,735 | $764,883 | $950,632 | IRS |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 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 81-3180774).
Questions about ACADEMY OF INNOVATION INC
- What is the EIN of ACADEMY OF INNOVATION INC?
- The employer identification number (EIN) of ACADEMY OF INNOVATION INC is 81-3180774.
- Is ACADEMY OF INNOVATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to ACADEMY OF INNOVATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ACADEMY OF INNOVATION 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 ACADEMY OF INNOVATION INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ACADEMY OF INNOVATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of ACADEMY OF INNOVATION INC?
- The 990 for the year ended May 31, 2025 names CAROL HENDERSON.
- Who are the officers and directors of ACADEMY OF INNOVATION INC?
- The 990 for the year ended May 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $75,938 (CAROL HENDERSON, HEAD OF SCHO).
- How much revenue does ACADEMY OF INNOVATION INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $653,436, expenses of $832,187 and total assets of $588,950 at year end.
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