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Nonprofit · EIN 85-1232211

MBC ACADEMY INC

Also known as MILLS ACADEMY

Tax-exempt · LOUISVILLE, KY 40222

Financials

$873K$774K2023
Revenue Expenses · by fiscal year end
Financials of MBC ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990$873,169$773,596$99,573$155,289$8,550$146,739
Financial details: 990 for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$119,000
Program service revenue
$754,041
Investment income
$0
Other revenue
$128

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$120,000
Other salaries and wages
$360,165
Salaries, compensation and benefits (total)
$527,877
Professional fundraising fees
$0
Legal fees
$1,549
Accounting fees
$12,900
Occupancy
$70,927
Travel
$595
Depreciation
$16,793
Program services (functional)
$616,690
Management and general (functional)
$156,906

Balance sheet and other

Total assets, start of year
$49,814
Total assets, end of year
$155,289
Total liabilities, end of year
$8,550
Net assets, end of year
$146,739
Land, buildings and equipment
$62,136
Net assets without donor restrictions
$146,739
Gross receipts
$873,169
Employees
6
State of legal domicile
KY

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
LINDSEY JONESDirector
Trustee or director
40$72,000
Norton T JonesPresident
Trustee or director, Officer
40$48,000
SONNY STEIERDirector
Trustee or director
0$0
BRAD MEYERSDirector
Trustee or director
0$0
BRETT HALEDirector
Trustee or director
0$0

Address and contacts

Address (IRS master file)
1311 HERR LN STE 205, LOUISVILLE, KY 40222-4384
In care of
% N TAYLOR JONES
Signed the 990
NORTON T JONES, President
Phone
(502) 419-7811
Return prepared by
King Company CPAs

Mission

TO PROVIDE A QUALITY EDUCATION TO CHILDREN IN GRADES K - 8 WITH DYSLEXIA AND OTHER LEARNING DIFFERENCES IN AN ENVIRONMNET THAT ALLOWS THEM TO THRIVE.

990 for the year ended June 30, 2024

Program accomplishments

  • THE SCHOOL ACCOMPLISHES ITS GOALS BY UTILIZING A COMBINATION OF KENTUCKY APPROVED EDUCATIONAL CURRICULUMS FOR SUBJECTS AS MATH, SCIENCE, AND READING, PROVIDING TIME FOR OCCUPATIONAL THERAPY AND SPEECH THERAPY, AND MAINTAINING A STRONG FOCUS ON READING INTERVENTION.
    Expenses $616,690 · revenue $754,041

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, 2025Check at the IRS
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
85-1232211
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
2022
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B20)
Assets (IRS master file)
$102,161
Income (IRS master file)
$614,175

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2024$873,169$773,596$155,289XML
990June 2023$652,122$660,321$49,814IRS
990June 2022$736,295$674,520$53,845IRS
990June 2021–––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 85-1232211).

Questions about MBC ACADEMY INC

What is the EIN of MBC ACADEMY INC?
The employer identification number (EIN) of MBC ACADEMY INC is 85-1232211.
Is MBC ACADEMY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to MBC ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MBC ACADEMY 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 MBC ACADEMY INC 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 MBC ACADEMY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2024.
Who are the officers and directors of MBC ACADEMY INC?
The 990 for the year ended June 30, 2024 lists 5 people; 2 received compensation from the organization, the highest $72,000 (LINDSEY JONES, Director).
How much revenue does MBC ACADEMY INC have?
On its 990 for the year ended June 30, 2024 it reported revenue of $873,169, expenses of $773,596 and total assets of $155,289 at year end.

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