Nonprofit · EIN 92-0413251
PASSONS ACADEMY CORPORATION
Tax-exempt · PICO RIVERA, CA 90660
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $593,959 | $426,328 | $167,631 | $191,238 | -$20,155 | $211,393 |
| December 31, 2024 | 990 | $561,112 | $360,851 | $200,261 | $48,860 | $0 | $48,860 |
| December 31, 2023 | 990 | $182,840 | $129,082 | $53,758 | $53,758 | $0 | $53,758 |
| December 31, 2023 | 990-EZ (amended) | $182,840 | $129,082 | $53,758 | $53,758 | – | $53,758 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $547,000
- Program service revenue
- $46,959
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $25
- Benefits paid to members
- $3,392
- Compensation of officers, directors and key employees
- $139,571
- Salaries, compensation and benefits (total)
- $162,955
- Professional fundraising fees
- $0
- Legal fees
- $1,717
- Accounting fees
- $5,367
- Occupancy
- $119,433
- Travel
- $462
- Depreciation
- $18,842
- Program services (functional)
- $357,991
- Management and general (functional)
- $60,695
Balance sheet and other
- Total assets, start of year
- $48,860
- Total assets, end of year
- $191,238
- Total liabilities, end of year
- -$20,155
- Net assets, end of year
- $211,393
- Land, buildings and equipment
- $82,024
- Net assets without donor restrictions
- $211,393
- Gross receipts
- $593,959
- Employees
- 5
- Year formed
- 2022
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LETICIA OLAGUE | EXECUTIVE DIR Trustee or director, Officer | 40 | $13,200 |
| ELIZABETH RAM | IREZ SECTRY Trustee or director, Officer | 40 | $0 |
| MAX GOMEZ III | TREASURER Trustee or director | 5 | $0 |
| HANNAH GOMEZ | MBR AT LARGE Trustee or director | 5 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LETICIA OLAGUE | HEADMASTER Trustee or director, Officer, Key employee, Highest-paid employee | 4 | $76,000 | $4,272 |
| ELIZABETH | RAMIREZ Trustee or director, Key employee | 4 | $26,100 | $0 |
| HANNAH | GOMEZ Trustee or director | 1 | $0 | $0 |
| MAXIMILANO | GOMEZ III Trustee or director | 0 | $0 | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LETICIA OLAGUE | PRESIDENT Trustee or director, Officer | 20 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LETICIA OLAGUE | DIRECTOR OF SCHOOLS | 40 | $0 |
| ELIZABETH RAMIREZ | SECRETARY | 5 | $0 |
| MAXIMILIANO GOMEZ III | TREASURER | 5 | $0 |
| HANNAH GOMEZ | MEMBER AT LARGE | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 8415 PASSONS BLVD, PICO RIVERA, CA 90660-5240
- Principal officer (990 for 2025)
- LETICIA OLAGUE, 8415 S PASSONS BLVD, PICO RIVERA, CA 90660
- Signed the 990
- LETICIA OLAGUE, EXECUTIVE DIRECTOR
- Phone
- (562) 222-2228
- Website
- WWW.PASSONSACADEMY.ORG
- Return prepared by
- UNTAXERS
California records
California keeps its own records of charities and corporations. Search them by EIN 92-0413251 or by the name PASSONS ACADEMY CORPORATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
Our purpose is to provide our students with the highest academic devel opment and the most effective and appropriate social, physical, and sp iriual foundations to help them become successful individuals
Program accomplishments
- FINANCIAL AID OFFERRINGS TO FAMILIESExpenses $60,695 · revenue $56,488
- FINANCIAL AID PARTNER ORGANIZATIONSExpenses $357,991 · grants $490,512
- DEVELOPMENT OF CLASSROOM STRUCTURE, CURRICULUM, AND STAFF
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 92-0413251
- 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
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P33)
- Assets (IRS master file)
- $191,238
- Income (IRS master file)
- $593,959
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $593,959 | $426,328 | $191,238 | XML |
| 990 | December 2024 | $561,112 | $360,851 | $48,860 | IRS |
| 990 | December 2023 | $182,840 | $129,082 | $53,758 | XML |
| 990-EZ | December 2023 | $182,840 | $129,082 | $53,758 | XML |
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 92-0413251).
Questions about PASSONS ACADEMY CORPORATION
- What is the EIN of PASSONS ACADEMY CORPORATION?
- The employer identification number (EIN) of PASSONS ACADEMY CORPORATION is 92-0413251.
- Is PASSONS ACADEMY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to PASSONS ACADEMY CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PASSONS ACADEMY CORPORATION 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 PASSONS ACADEMY CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PASSONS ACADEMY CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PASSONS ACADEMY CORPORATION?
- The 990 for the year ended December 31, 2025 names LETICIA OLAGUE.
- Who are the officers and directors of PASSONS ACADEMY CORPORATION?
- The 990 for the year ended December 31, 2025 lists 4 people; 1 received compensation from the organization, the highest $13,200 (LETICIA OLAGUE, EXECUTIVE DIR).
- How much revenue does PASSONS ACADEMY CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $593,959, expenses of $426,328 and total assets of $191,238 at year end.
Other nonprofits in PICO RIVERA
- JIM HANGER FOUNDATION EIN 39-2639485 · last filed 990-PF for 2025
- ESPACIO DE LUZ Y BONDAD INTL BENEFIT ORG INC EIN 99-1156304 · last filed 990-N for 2025
- AMERICAN LEGION AUXILIARY UNIT 411 RIVERA EIN 33-4783615 · last filed 990-N for 2024
- PICO RIVERA ROTARY CHARITIES EIN 80-0505867 · last filed 990-N for 2024
- NURSES FOR KIDS USA EIN 39-4517774 · last filed 990-N for 2025
- AMERICAN LEGION AUXILIARY RIVERA UNIT 41 EIN 95-6131275 · last filed 990-N for 2025
- ESCUCHAME PROJECT YVETTE EIN 83-2690921 · last filed 990-N for 2025
- WALK THE WALK CHILDRENS RANCH EIN 54-2093284 · last filed 990-N for 2024