Nonprofit · EIN 99-2945004
TRUE LOVE ACADEMY
Tax-exempt · FT WALTON BCH, FL 32547
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2026 | 990 | $209,361 | $178,072 | $31,289 | $130,042 | $612 | $129,430 |
| May 31, 2025 | 990-EZ (amended) | $73,950 | $59,543 | $14,407 | $98,676 | $535 | $98,141 |
| December 31, 2024 | 990-EZ | $138,075 | $54,341 | $83,734 | $83,734 | – | $83,734 |
Financial details: 990 for the year ended May 31, 2026
Revenue
- Contributions, gifts and grants
- $75,491
- Program service revenue
- $133,870
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $6,000
- Compensation of officers, directors and key employees
- $101,300
- Salaries, compensation and benefits (total)
- $108,973
- Professional fundraising fees
- $0
- Travel
- $2,894
- Program services (functional)
- $153,966
- Management and general (functional)
- $24,106
Balance sheet and other
- Total assets, start of year
- $98,676
- Total assets, end of year
- $130,042
- Total liabilities, end of year
- $612
- Net assets, end of year
- $129,430
- Net assets without donor restrictions
- $129,430
- Gross receipts
- $209,361
- Employees
- 2
- Year formed
- 2024
- 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 May 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Junxin Zhao | President / Teacher Trustee or director, Officer, Key employee | 40 | $42,000 |
| Kecai Liu | Vice President / Teacher Trustee or director, Officer, Key employee | 40 | $38,400 |
| Jinyu Wang | Director Trustee or director | 1 | $0 |
990-EZ for the year ended May 31, 2025: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Junxin Zhao | President/Principal | 40 | $42,000 |
| Kecai Liu | Vice President/Teacher | 40 | $38,400 |
| Jinyu Wang | Director | 1 | $0 |
990-EZ for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JUNXIN ZHAO | PRESIDENT | 40 | $3,500 |
| KECAI LIU | VICE PRESIDENT | 40 | $3,200 |
Address and contacts
- Address (IRS master file)
- 1008 GOSPEL RD, FT WALTON BCH, FL 32547-1247
- In care of
- % JUNXIN ZHAO
- Principal officer (990 for 2025)
- Junxin Zhao, 1008 Gospel Rd, Fort Waton Beach, FL 32547
- Signed the 990
- Kecai Liu, Vice President
- Phone
- (850) 225-7654
Mission
To provide Christ-centered education that supports students' academic excellence, spiritual growth, and character development, equipping them to serve God and contribute positively to society. The organization integrates academic instruction with biblical teaching and discipleship to nurture both knowledge and faith. Through personalized learning and supportive programs, it helps students build strong moral values, critical thinking skills, and a lifelong commitment to service.
Program accomplishments
- The organization is a faith-based nonprofit educational organization established for religious and educational purposes. Its mission is to provide Christ-centered education that supports students' academic development, character formation, and overall growth. The organization provides individualized tutoring, small-group academic instruction, academic enrichment, and test preparation services. Instruction includes core subjects such as mathematics, Bible study, language arts, and science, as well as homework assistance, academic skill development, personalized learning support, and preparation for standardized examinations such as TOEFL, IELTS, Duolingo, ACT, and SAT. The organization provides both in-person and online educational programs, including Christian-based instruction and academic enrichment. Participants who successfully complete certain coursework may receive certificates of completion. These programs are supplemental educational services and are not intended to replace accredited K-12 schooling. The organization integrates faith-based values, ethical instruction, disciplined study habits, and character development into its educational approach and serves both domestic and international students.Expenses $153,966 · revenue $133,870
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | 990 on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990-EZ on file |
| 2023 | May 31, 2024 | October 15, 2024 | No data |
IRS record
- EIN
- 99-2945004
- 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
- 2024
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B25)
- Assets (IRS master file)
- $130,042
- Income (IRS master file)
- $209,361
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2026 | – | – | – | IRS |
| 990-EZ | May 2025 | – | – | – | IRS |
| 990-EZ | December 2024 | – | – | – | 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 TRUE LOVE ACADEMY
- What is the EIN of TRUE LOVE ACADEMY?
- The employer identification number (EIN) of TRUE LOVE ACADEMY is 99-2945004.
- Is TRUE LOVE ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to TRUE LOVE ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRUE LOVE ACADEMY 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 TRUE LOVE ACADEMY due?
- The return for tax year 2026 (the year ending May 31, 2027) is due October 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRUE LOVE ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2026.
- Who is the principal officer of TRUE LOVE ACADEMY?
- The 990 for the year ended May 31, 2026 names Junxin Zhao.
- Who are the officers and directors of TRUE LOVE ACADEMY?
- The 990 for the year ended May 31, 2026 lists 3 people; 2 received compensation from the organization, the highest $42,000 (Junxin Zhao, President / Teacher).
- How much revenue does TRUE LOVE ACADEMY have?
- On its 990 for the year ended May 31, 2026 it reported revenue of $209,361, expenses of $178,072 and total assets of $130,042 at year end.
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