Nonprofit · EIN 84-1751848
INNOVATE ACADEMY & PREPARATORY SCHOOL CORP
Tax-exempt · EAGLE, ID 83616
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,350,862 | $2,614,874 | -$264,012 | $2,373,688 | $3,262,619 | -$888,931 |
| June 30, 2024 | 990 | $2,613,225 | $3,409,425 | -$796,200 | $2,571,763 | $3,196,682 | -$624,919 |
| June 30, 2023 | 990 | $3,061,252 | $3,152,004 | -$90,752 | $2,980,163 | $2,808,882 | $171,281 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $394,142
- Program service revenue
- $1,951,360
- Investment income
- $396
- Net income from fundraising events
- -$3,409
- Other revenue
- $4,964
Expenses
- Grants and similar amounts paid
- $34,685
- Compensation of officers, directors and key employees
- $35,726
- Other salaries and wages
- $1,444,477
- Salaries, compensation and benefits (total)
- $1,708,339
- Professional fundraising fees
- $0
- Legal fees
- $5,169
- Occupancy
- $470,384
- Depreciation
- $4,671
- Program services (functional)
- $2,180,477
- Management and general (functional)
- $417,086
- Fundraising (functional)
- $17,311
Balance sheet and other
- Total assets, start of year
- $2,571,763
- Total assets, end of year
- $2,373,688
- Total liabilities, end of year
- $3,262,619
- Net assets, end of year
- -$888,931
- Land, buildings and equipment
- $22,469
- Net assets without donor restrictions
- -$888,931
- Gross receipts
- $2,370,809
- Employees
- 52
- Volunteers
- 20
- Year formed
- 2019
- State of legal domicile
- ID
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 |
|---|---|---|---|
| GERILYN GILLESPY | HEADMASTER Officer | 40 | $81,189 |
| SHAUNA PATRICK | BOARD MEMBER/ACCOUNTING OVERSIGHT Trustee or director, Officer | 5 | $12,000 |
| ALLY DUMERTON | BOARD MEMBER Trustee or director | 7 | $0 |
| MEGAN STEPHENS | BOARD MEMBER Trustee or director | 10 | $0 |
| APRIL DILLON | BOARD MEMBER Trustee or director | 3 | $0 |
| CAMERON DAHL | BOARD MEMBER Trustee or director | 10 | $0 |
| JOHN ELDRIDGE | BOARD MEMBER/LEADERSHIP COUNCIL Trustee or director | 5 | $0 |
| SHELLEY TSAO | BOARD MEMBER Trustee or director | 10 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIMBERLY SCHRILLO | CHIEF OPERATING OFFICER Officer | 40 | $56,006 |
| GLORIA NAGEL | ELEMENTARY HEADMASTER - RESIGNED NOV. 2023 Trustee or director, Officer | 35 | $54,167 |
| GERILYN GILLESPY | HEADMASTER Officer | 40 | $50,431 |
| SHAUNA PATRICK | BOOKKEEPER Trustee or director, Officer | 2 | $12,000 |
| ALLY DUMERTON | DIRECTOR Trustee or director | 7 | $0 |
| MEGAN STEPHENS | DIRECTOR Trustee or director | 3 | $0 |
| APRIL DILLON | DIRECTOR Trustee or director | 3 | $0 |
| TESSA OSBORNE | DIRECTOR - RESIGNED NOV. 2023 Trustee or director | 3 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVAN GRANT | MIDDLE/HIGH SCHOOL HEADMASTER Officer | 40 | $75,799 | $5,779 |
| GLORIA NAGEL | ELEMENTARY HEADMASTER Officer | 40 | $65,625 | $1,969 |
| SHAUNA PATRICK | DIRECTOR Trustee or director | 10 | $12,000 | $0 |
| TESSA OSBORNE | DIRECTOR Trustee or director | 20 | $0 | $0 |
| MEGAN STEPHENS | DIRECTOR Trustee or director | 20 | $0 | $0 |
| APRIL DILLON | DIRECTOR Trustee or director | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3467 W FLINT DR, EAGLE, ID 83616-4531
- In care of
- % TESSA OSBORNE
- Principal officer (990 for 2024)
- SHAUNA PATRICK, 3467 W FLINT DRIVE, EAGLE, ID 83616
- Signed the 990
- SHAUNA PATRICK, DIRECTOR
- Phone
- (208) 859-4254
- Website
- WWW.INNOVATEACADEMYPREP.COM
- Return prepared by
- SORREN INC
Mission
TO OFFER A CHALLENGING AND DIVERSE CURRICULUM IN A TIGHT KNIT CULTURE TO FOSTER A PASSION FOR LEARNING AND EQUIP STUDENTS WITH THE TOOLS NECESSARY TO BECOME SUCCESSFUL, WELL-ROUNDED ADULTS.
Program accomplishments
- EDUCATION FOR PRE-SCHOOL THROUGH 8TH GRADE.Expenses $2,180,477 · grants $34,685 · revenue $1,959,733
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
- 84-1751848
- 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
- 2020
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $2,373,688
- Income (IRS master file)
- $2,370,809
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,350,862 | $2,614,874 | $2,373,688 | XML |
| 990 | June 2024 | $2,613,225 | $3,409,425 | $2,571,763 | XML |
| 990 | June 2023 | $3,061,252 | $3,152,004 | $2,980,163 | XML |
| 990 | June 2022 | $1,853,476 | $1,739,175 | $774,238 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 84-1751848).
Questions about INNOVATE ACADEMY & PREPARATORY SCHOOL CORP
- What is the EIN of INNOVATE ACADEMY & PREPARATORY SCHOOL CORP?
- The employer identification number (EIN) of INNOVATE ACADEMY & PREPARATORY SCHOOL CORP is 84-1751848.
- Is INNOVATE ACADEMY & PREPARATORY SCHOOL CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to INNOVATE ACADEMY & PREPARATORY SCHOOL CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INNOVATE ACADEMY & PREPARATORY SCHOOL 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 INNOVATE ACADEMY & PREPARATORY SCHOOL CORP 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 INNOVATE ACADEMY & PREPARATORY SCHOOL CORP 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 INNOVATE ACADEMY & PREPARATORY SCHOOL CORP?
- The 990 for the year ended June 30, 2025 names SHAUNA PATRICK.
- Who are the officers and directors of INNOVATE ACADEMY & PREPARATORY SCHOOL CORP?
- The 990 for the year ended June 30, 2025 lists 8 people; 2 received compensation from the organization, the highest $81,189 (GERILYN GILLESPY, HEADMASTER).
- How much revenue does INNOVATE ACADEMY & PREPARATORY SCHOOL CORP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,350,862, expenses of $2,614,874 and total assets of $2,373,688 at year end.
Other nonprofits in EAGLE
- NORTH STAR CHARTER SCHOOL INC EIN 11-3643458 · last filed 990 for 2025
- ETHOS MINISTRIES INC EIN 93-1380608 · last filed 990-EZ for 2024
- NORTH STAR CHARTER SCHOOL PTO INC EIN 32-0314984 · last filed 990-EZ for 2025
- BOISE ISSA CORPORATION EIN 20-0375958 · last filed 990-N for 2025
- UNUSUALLY BRILLIANT ADVENTURES EIN 85-1582632 · last filed 990 for 2024
- EAGLE HIGH SCHOOL ORCHESTRABOOSTERS EIN 20-5721403 · last filed 990-N for 2023
- EAGLE ELEMENTARY PTO INCORPORATED EIN 32-0406686 · last filed 990-N for 2023
- BOISE MONTESSORI PTO INC EIN 20-0076393 · last filed 990-N for 2022