Nonprofit · EIN 98-0379620
ISLAND ACADEMY INC
Tax-exempt · ROSWELL, GA 30075
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $4,007,437 | $2,643,757 | $1,363,680 | $7,175,834 | $1,069,743 | $6,106,091 |
| July 31, 2024 | 990 | $3,372,510 | $2,691,016 | $681,494 | $5,567,926 | $293,648 | $5,274,278 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $1,823,403
- Program service revenue
- $2,184,034
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $1,150,941
- Salaries, compensation and benefits (total)
- $1,264,195
- Professional fundraising fees
- $0
- Legal fees
- $6,631
- Accounting fees
- $9,416
- Program services (functional)
- $2,585,838
- Management and general (functional)
- $57,919
Balance sheet and other
- Total assets, start of year
- $5,567,926
- Total assets, end of year
- $7,175,834
- Total liabilities, end of year
- $1,069,743
- Net assets, end of year
- $6,106,091
- Land, buildings and equipment
- $6,274,461
- Publicly traded securities
- $10,000
- Net assets without donor restrictions
- $6,106,091
- Gross unrelated business income
- $41,995
- Gross receipts
- $4,007,437
- Employees
- 0
- Volunteers
- 8
- Year formed
- 2001
- State of legal domicile
- GA
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 July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bernadette Sherman | Chairperson Trustee or director | 14 | $0 |
| Susan Lowes | Trustee Trustee or director | 1 | $0 |
| Norma Holder | Treasurer Trustee or director | 1 | $0 |
| Sharon Cort | Trustee Trustee or director | 1 | $0 |
| Anne Hamilton | Trustee Trustee or director | 1 | $0 |
| Patti Schear | Trustee Trustee or director | 1 | $0 |
| Gary Randall | Trustee Trustee or director | 1 | $0 |
990 for the year ended July 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bernadette Sherman | Chairperson Trustee or director | 14 | $0 |
| Susan Lowes | Trustee Trustee or director | 1 | $0 |
| Norma Holder | Chairperson Trustee or director | 1 | $0 |
| Sharon Cort-Thibou | Trustee Trustee or director | 1 | $0 |
| Anne Hamilton | Trustee Trustee or director | 1 | $0 |
| Patti Schear | Trustee Trustee or director | 1 | $0 |
| Gary Randall | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2870 TYNEWICK DR NE, ROSWELL, GA 30075-5464
- In care of
- % STOLWORTHY
- Principal officer (990 for 2024)
- Bernadette Sherman, Bodypond, Sweetes, AC
- Signed the 990
- Bernadette Sherman, Secretary
- Phone
- (202) 680-3926
- Return prepared by
- Michael H Stolworthy CPA
Mission
Our mission is to offer a world-class education that will enable our diverse community of more than 300 K-13 students to function successfully, both academically and socially, in the global community.
Program accomplishments
- Teacher Payroll and Related Personnel Expenses Revenue from Tuition Primary and secondary schools (K-12)with an International Baccalaureate program. Over 290 students, from over 20 different nations and 12 different languages, from varying socio-economic backgrounds.Expenses $1,302,666 · revenue $2,071,481
- Instructional Costs, including exam fees, IBO fees and training, music and drama production costs for school shows, printing and reproduction, professional development for instructional staff, school programs and suppies.Expenses $560,207
- Financial Aid and Multi-Student and Staff DiscountsExpenses $722,965
- Primary and secondary education (K-13) with IB program.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 July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 98-0379620
- 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
- 2002
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $7,175,834
- Income (IRS master file)
- $4,007,437
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $4,007,437 | $2,643,757 | $7,175,834 | XML |
| 990 | July 2024 | $3,372,510 | $2,691,016 | $5,567,926 | XML |
| 990 | July 2023 | $3,389,545 | $2,691,017 | $5,698,760 | IRS |
| 990 | July 2022 | $2,888,522 | $2,351,849 | $5,135,177 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2020 | – | – | – | 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 98-0379620).
Questions about ISLAND ACADEMY INC
- What is the EIN of ISLAND ACADEMY INC?
- The employer identification number (EIN) of ISLAND ACADEMY INC is 98-0379620.
- Is ISLAND ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to ISLAND ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ISLAND 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 ISLAND ACADEMY INC due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ISLAND ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of ISLAND ACADEMY INC?
- The 990 for the year ended July 31, 2025 names Bernadette Sherman.
- Who are the officers and directors of ISLAND ACADEMY INC?
- The 990 for the year ended July 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does ISLAND ACADEMY INC have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $4,007,437, expenses of $2,643,757 and total assets of $7,175,834 at year end.
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