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Nonprofit · EIN 82-5246755

LORAIN BILINGUAL PREPARATORY ACADEMY

Tax-exempt · LORAIN, OH 44052

Financials

$3.5M$3.9M2024
Revenue Expenses · by fiscal year end
Financials of LORAIN BILINGUAL PREPARATORY ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$3,487,391$3,915,225-$427,834$3,267,944$4,028,715-$760,771
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$3,487,391
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$1,527,543
Salaries, compensation and benefits (total)
$2,175,320
Professional fundraising fees
$0
Legal fees
$47,000
Accounting fees
$37,137
Occupancy
$174,403
Depreciation
$128,000
Program services (functional)
$3,915,225

Balance sheet and other

Total assets, start of year
$3,637,101
Total assets, end of year
$3,267,944
Total liabilities, end of year
$4,028,715
Net assets, end of year
-$760,771
Land, buildings and equipment
$920,279
Net assets without donor restrictions
-$760,771
Gross receipts
$3,487,391
Employees
0
Volunteers
0
Year formed
2018
State of legal domicile
OH

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
Marcelo TorresBoard Member
Trustee or director
1$1,125
David ArrendondoBoard President
Trustee or director
2$1,125
Todd KubasakBoard Member
Trustee or director
1$1,000
Pastor Terrance BivinsBoard Member
Trustee or director
1$875
Kimberly BartlettBoard Member
Trustee or director
1$875

Address and contacts

Address (IRS master file)
309 W 7TH ST, LORAIN, OH 44052-1813
Principal officer (990 for 2024)
C David Massa, 1030 N Main Street, North Canton, OH 44720
Signed the 990
David Massa, Treasurer
Phone
(440) 434-6320

Mission

To provide opportunities for educational choice to students and families of this community. The organization is primarily engaged in providing instructional services to enrolled students in Grades K-8.

990 for the year ended June 30, 2025

Program accomplishments

  • LBA is a learning community which values high expectations for both academics and behavior. LBA staff embraces students, families, and communities to build and develop well-rounded individuals who are independent critical thinkers and intrinsically motivated to be life-long learners. We believe that all children can learn as we seek to make a difference in the lives of our students.
    Expenses $3,915,225 · grants $944,887 · revenue $3,487,391

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
82-5246755
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)
$3,267,944
Income (IRS master file)
$3,487,391

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025–––IRS
990June 2024–––IRS
990June 2023$3,719,889$3,761,902$3,997,564IRS
990June 2022$3,617,229$2,994,022$3,273,576IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––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 LORAIN BILINGUAL PREPARATORY ACADEMY

What is the EIN of LORAIN BILINGUAL PREPARATORY ACADEMY?
The employer identification number (EIN) of LORAIN BILINGUAL PREPARATORY ACADEMY is 82-5246755.
Is LORAIN BILINGUAL PREPARATORY ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to LORAIN BILINGUAL PREPARATORY ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LORAIN BILINGUAL PREPARATORY 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 LORAIN BILINGUAL PREPARATORY 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 LORAIN BILINGUAL PREPARATORY 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 LORAIN BILINGUAL PREPARATORY ACADEMY?
The 990 for the year ended June 30, 2025 names C David Massa.
Who are the officers and directors of LORAIN BILINGUAL PREPARATORY ACADEMY?
The 990 for the year ended June 30, 2025 lists 5 people; 5 received compensation from the organization, the highest $1,125 (Marcelo Torres, Board Member).
How much revenue does LORAIN BILINGUAL PREPARATORY ACADEMY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $3,487,391, expenses of $3,915,225 and total assets of $3,267,944 at year end.

Other nonprofits in LORAIN

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