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Nonprofit · EIN 84-2257483

FOLSOM PREP ACADEMY

Tax-exempt · FOLSOM, CA 95630

Financials

$2.2M$2M2022$2.2M$2.1M2023$2.2M$2.2M2024
Revenue Expenses · by fiscal year end
Financials of FOLSOM PREP ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$2,160,626$2,180,588-$19,962$759,718$4,724$754,994
June 30, 2024990$2,191,148$2,059,432$131,716$788,081$13,125$774,956
June 30, 2023990$2,154,365$1,962,045$192,320$654,351$11,111$643,240
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$2,050
Program service revenue
$2,145,398
Investment income
$13,178
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$1,128,306
Salaries, compensation and benefits (total)
$1,268,302
Professional fundraising fees
$0
Legal fees
$6,247
Occupancy
$390,395
Depreciation
$9,357
Program services (functional)
$2,077,606
Management and general (functional)
$84,972
Fundraising (functional)
$18,010

Balance sheet and other

Total assets, start of year
$788,081
Total assets, end of year
$759,718
Total liabilities, end of year
$4,724
Net assets, end of year
$754,994
Land, buildings and equipment
$12,478
Net assets without donor restrictions
$754,994
Gross receipts
$2,160,626
Employees
34
Year formed
2019
State of legal domicile
CA

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
Chukwunenye NnebeTrustee
Trustee or director
2.5$0
Jason RamosTrustee
Trustee or director
2.5$0
Gowan JoslinPresident
Trustee or director, Officer
2$0
Shahnaz JoslinSecretary
Trustee or director, Officer
2$0
Steve AshfordTreasurer
Trustee or director, Officer
2$0
Olivia HuberVice President
Trustee or director, Officer
2$0
Tuhin ChaudhuryTrustee
Trustee or director
2$0
Megan VickersTrustee
Trustee or director
2$0
Brandon BogeTrustee
Trustee or director
2$0
990 for the year ended June 30, 2024: 5 people
NameTitleHours / weekCompensation
Chukwunenye NnebeSecretary
Trustee or director, Officer
2.5$0
Jason RamosDirector
Trustee or director
2.5$0
Gowan JoslinPresident
Trustee or director
2.5$0
Shahnaz JoslinVice President
Trustee or director
2.5$0
Steve AshfordTreasurer
Officer
2.5$0
990 for the year ended June 30, 2023: 8 people
NameTitleHours / weekCompensation
Candis MurawskiDirector
Trustee or director
40$92,597
Melissa YatesDirector
Trustee or director
40$63,302
Chukwunenye NnebeSecretary
Trustee or director, Officer
4$0
Jason RamosTreasurer
Trustee or director, Officer
4$0
Andrew SmithDirector
Trustee or director
40$0
Karen MayerDirector
Trustee or director
40$0
Gowan JoslinPresident
Trustee or director
0$0
Shahnaz JoslinDirector
Trustee or director
0$0

Address and contacts

Address (IRS master file)
650 WILLARD DR, FOLSOM, CA 95630-9543
In care of
% FOLSOM PREPARATORY SCHOOL
Principal officer (990 for 2024)
Gowan Joslin, 650 Willard Dr, Folsom, CA 95630
Signed the 990
Gowan Joslin, President
Phone
(916) 353-0185
Return prepared by
Marshall D Gunn III CPA Firm PLLC

Mission

Folsom Prep Academy is renowned for providing academic excellence in K-5 grade levels while also developing necessary leadership and life skills in our students. Using an enriched and diverse curriculum, our teachers place personalized attention on every child, instill in them critical skills to excel to their full potential, and develop them to become compassionate, confident, and creative student leaders for the 21st century.

990 for the year ended June 30, 2025

Program accomplishments

  • Folsom Prep Academy is a non-profit private school serving students in Folsom, California and its surrounding areas. The school is open to all students entering grades kindergarten through fifth utilizing standards-based curricula. Students attending Folsom Prep Academy receive instruction in math, language arts, science, and social studies as well as supplemental enrichment classes. Folsom Prep Academy believes that building leadership skills and character education are also important parts of a child's education and incorporates them into their comprehensive program. As the premier primary-grade educational institution in its community, Folsom Prep Academy successfully prepares all of its students to become contributing members of society and future leaders of the communities in which they live.
    Expenses $2,077,606 · revenue $2,147,337

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
84-2257483
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 (B20)
Assets (IRS master file)
$759,718
Income (IRS master file)
$2,160,626

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025–––IRS
990June 2024$2,191,148$2,059,432$788,081IRS
990June 2023$2,154,365$1,962,045$654,351IRS
990June 2022–––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 FOLSOM PREP ACADEMY

What is the EIN of FOLSOM PREP ACADEMY?
The employer identification number (EIN) of FOLSOM PREP ACADEMY is 84-2257483.
Is FOLSOM PREP ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to FOLSOM PREP ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FOLSOM PREP 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 FOLSOM PREP 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 FOLSOM PREP 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 FOLSOM PREP ACADEMY?
The 990 for the year ended June 30, 2025 names Gowan Joslin.
Who are the officers and directors of FOLSOM PREP ACADEMY?
The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does FOLSOM PREP ACADEMY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,160,626, expenses of $2,180,588 and total assets of $759,718 at year end.

Other nonprofits in FOLSOM

All nonprofits in FOLSOM · California · Education