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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 87-2449047

PAYMENTS ACADEMY INC

Tax-exempt · BLOOMINGTON, IN 47403

Financials

$232K$153K2023
Revenue Expenses · by fiscal year end
Financials of PAYMENTS ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$231,546$153,453$78,093$106,404$0$106,404
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$0
Program service revenue
$231,546
Investment income
$0
Other revenue
$0

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
Occupancy
$470
Travel
$6,834
Program services (functional)
$153,453

Balance sheet and other

Total assets, start of year
$28,311
Total assets, end of year
$106,404
Total liabilities, end of year
$0
Net assets, end of year
$106,404
Net assets without donor restrictions
$106,404
Gross receipts
$231,546
Employees
0
Volunteers
6
Year formed
2022
State of legal domicile
IN

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.

NameTitleHours / weekCompensation
Ronald KingPresident
Trustee or director, Officer, Key employee
10$0
Ruth HarpoolSecretary-Treasurer
Trustee or director, Officer, Key employee
10$0
Theresa MimmsBoard Member
Trustee or director
0$0

Address and contacts

Address (IRS master file)
5720 W GIFFORD RD, BLOOMINGTON, IN 47403-9635
In care of
% RUTH A HARPOOL
Mailing address (990-N for 2022)
3717 Candelaria Drive, Plano TX 75023
Principal officer (990 for 2023)
Ronald E King, 3717 Candelaria Drive, Plano, TX 75023
Principal officer (990-N for 2022)
Ronald King, 3717 Candelaria Drive, Plano TX 75023
Signed the 990
Ron King, President
Phone
(214) 770-3550

Mission

The mission of The Payments Academy is to provide education and support to colleges and universities in their operations that are supported by making and receiving payments from all sources. We fulfill this role through three programs: (1) Annual Conference, (2) Webinars, and (3) our Website.

990 for the year ended December 31, 2023

Program accomplishments

  • 1. Annual Conference: May 7-10, 2023 - Indianapolis, Indiana. 125 personnel representing 100 colleges and universities in attendance. These practitioners shared their practices and accomplishments in support of their institutions' missions. Since colleges and universities can be compared to the commerce activities of a city they face enormous challenges in not only all the functions of making and receiving payments from hundreds of entities, but also in the security of those payments. In addition to university personnel, vendors in this space also give presentations on their supporting products and services.
    Expenses $153,453 · revenue $231,546
  • The Payments Academy Website: We have continued to build out the site to provide content for our college and university constituents to enable them to advance their understanding and effectiveness in their profession. We advertise the Annual Workshop, provide the capability for registration, and links for submission of program proposals.0
  • Webinars: We established a platform for educational webinars to begin in 2024. These webinar program will be provided by certain vendors on topics of interest to college and university employees. This was announced at the end of 2023, but expenses will not be incurred until 2024.0

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
87-2449047
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B90)
Assets (IRS master file)
$106,404
Income (IRS master file)
$231,546

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$231,546$153,453$106,404XML
990-N for 2022
Officer: Ronald King
December 31, 2022≤ $50,000 receipts––e-Postcard

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 87-2449047).

Questions about PAYMENTS ACADEMY INC

What is the EIN of PAYMENTS ACADEMY INC?
The employer identification number (EIN) of PAYMENTS ACADEMY INC is 87-2449047.
Is PAYMENTS ACADEMY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to PAYMENTS ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PAYMENTS 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 PAYMENTS ACADEMY INC 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 PAYMENTS ACADEMY INC 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 PAYMENTS ACADEMY INC?
The 990 for the year ended December 31, 2023 names Ronald E King.
Who are the officers and directors of PAYMENTS ACADEMY INC?
The 990 for the year ended December 31, 2023 lists 3 people; 0 received compensation from the organization.
How much revenue does PAYMENTS ACADEMY INC have?
On its 990 for the year ended December 31, 2023 it reported revenue of $231,546, expenses of $153,453 and total assets of $106,404 at year end.

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