Nonprofit · EIN 82-0967110
CUSPEA ACADEMY CORP
Tax-exempt · FREDERICK, MD 21704
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $322,628 | $7,151 | $315,477 | $600,718 | $285,241 | $315,477 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $320,000
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- $2,628
- Other revenue
- $2,628
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $336
- Program services (functional)
- $5,217
- Management and general (functional)
- $1,934
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $600,718
- Total liabilities, end of year
- $285,241
- Net assets, end of year
- $315,477
- Land, buildings and equipment
- $592,312
- Net assets without donor restrictions
- $315,477
- Gross receipts
- $322,628
- Employees
- 0
- Volunteers
- 2
- Year formed
- 2017
- State of legal domicile
- MD
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 December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Yi Pang | President Trustee or director, Officer, Key employee | 20 | $0 |
| Airong He | Secretary Trustee or director, Officer, Key employee | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 3850 SUGARLOAF PKWY, FREDERICK, MD 21704-7900
- In care of
- % YI PANG
- Principal officer (990 for 2023)
- Yi Pang, 3850 Sugarloaf Pkwy, Frederick, MD 21704
- Signed the 990
- Yi Pang, Director
- Phone
- (240) 432-5826
Mission
Inspire and nurture the younger generation to develop problem-solving skills that address todays challenges and contribute actively to creating a better future for humanity.
Program accomplishments
- Program Development Innovation Workshops Designed an introductory curriculum for innovation workshops targeting middle and high school students.Workshops will focus on hands-on experimentation and problem-solving in STEM fields, including renewable energy, robotics, and environmental sustainability. Developed partnerships with local schools and community centers to host the workshops in 2024.
- Infrastructure Development Establish operational processes and secured basic resources, such as land for outdoor experiment, space for workshops, program materials, and an online platform for applications and participant engagement.Expenses $5,217
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-0967110
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U99)
- Assets (IRS master file)
- $600,718
- Income (IRS master file)
- $322,628
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $322,628 | $7,151 | $600,718 | XML |
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 82-0967110).
Questions about CUSPEA ACADEMY CORP
- What is the EIN of CUSPEA ACADEMY CORP?
- The employer identification number (EIN) of CUSPEA ACADEMY CORP is 82-0967110.
- Is CUSPEA ACADEMY CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to CUSPEA ACADEMY CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CUSPEA ACADEMY CORP 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 CUSPEA ACADEMY CORP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CUSPEA ACADEMY CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of CUSPEA ACADEMY CORP?
- The 990 for the year ended December 31, 2023 names Yi Pang.
- Who are the officers and directors of CUSPEA ACADEMY CORP?
- The 990 for the year ended December 31, 2023 lists 2 people; 0 received compensation from the organization.
- How much revenue does CUSPEA ACADEMY CORP have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $322,628, expenses of $7,151 and total assets of $600,718 at year end.
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