Nonprofit · EIN 90-0999318
PANACEA PREP CHARTER SCHOOL INC
Tax-exempt · CORAL SPRINGS, FL 33071
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,474,962 | $1,345,347 | $129,615 | $289,276 | $28,226 | $261,050 |
| June 30, 2024 | 990 | $1,162,535 | $1,051,237 | $111,298 | $254,027 | $142,471 | $111,556 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,438,867
- of which government grants
- $169,507
- Program service revenue
- $14,673
- Investment income
- $21,422
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $445,429
- Salaries, compensation and benefits (total)
- $546,022
- Professional fundraising fees
- $0
- Legal fees
- $500
- Accounting fees
- $36,257
- Occupancy
- $176,993
- Depreciation
- $3,529
- Program services (functional)
- $1,246,795
- Management and general (functional)
- $98,552
Balance sheet and other
- Total assets, start of year
- $254,027
- Total assets, end of year
- $289,276
- Total liabilities, end of year
- $28,226
- Net assets, end of year
- $261,050
- Land, buildings and equipment
- $15,779
- Net assets without donor restrictions
- $261,050
- Gross receipts
- $1,474,962
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2012
- State of legal domicile
- FL
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 |
|---|---|---|---|
| Cassamdra Burrows | Secretary Trustee or director, Officer | 12 | $0 |
| Bruce Johnson | Treasurer Trustee or director, Officer | 12 | $0 |
| George Simpson | Board Chair Trustee or director, Officer | 12 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cassamdra Burrows | Secretary Trustee or director, Officer | 12 | $0 |
| Bruce Johnson | Treasurer Trustee or director, Officer | 12 | $0 |
| George Simpson | Board Chair Trustee or director, Officer | 12 | $0 |
Address and contacts
- Address (IRS master file)
- 201 N UNIVERSITY DR, CORAL SPRINGS, FL 33071-7323
- Principal officer (990 for 2024)
- George Simpson, 201 N University Dr, Coral Springs, FL 33071
- Signed the 990
- George Simpson, Board Chair
- Phone
- (954) 341-5550
- Return prepared by
- KEM Consulting LLC
Mission
Grow character and knowledge and help children achieve their dreams for the future.
Program accomplishments
- Operate an elementary school with approximately 106 students.Expenses $1,246,795 · revenue $1,474,962
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
- 90-0999318
- 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
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24)
- Assets (IRS master file)
- $289,276
- Income (IRS master file)
- $1,474,962
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $920,638 | $959,710 | $181,870 | IRS |
| 990 | June 2022 | $746,707 | $940,937 | $221,242 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 PANACEA PREP CHARTER SCHOOL INC
- What is the EIN of PANACEA PREP CHARTER SCHOOL INC?
- The employer identification number (EIN) of PANACEA PREP CHARTER SCHOOL INC is 90-0999318.
- Is PANACEA PREP CHARTER SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to PANACEA PREP CHARTER SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PANACEA PREP CHARTER SCHOOL 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 PANACEA PREP CHARTER SCHOOL 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 PANACEA PREP CHARTER SCHOOL INC 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 PANACEA PREP CHARTER SCHOOL INC?
- The 990 for the year ended June 30, 2025 names George Simpson.
- Who are the officers and directors of PANACEA PREP CHARTER SCHOOL INC?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does PANACEA PREP CHARTER SCHOOL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,474,962, expenses of $1,345,347 and total assets of $289,276 at year end.
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