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← IVY ACADEMY

Form 990 for tax year 2024

Filed by IVY ACADEMY.

Totals

Total revenue
$1,981,187
Total expenses
$1,851,095
Contributions and grants received
$50,600
Grants paid
$68,350
Program service revenue
$1,930,587
Investment income
$0
Other revenue
$0
Total assets, end of year
$795,263
Total liabilities, end of year
$51,261
Net assets or fund balances, end of year
$744,002
Program services expenses (Part IX)
$1,450,146
Management and general expenses
$400,949
Fundraising expenses
$0
Program service expenses (Part III)
$1,450,146

Program services were 78.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $50,600

  • 2a · Program service revenue: TUITION & FEES

    total $1,930,587 · related or exempt $1,930,587

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $68,350 · program services $68,350

  • 5 · Compensation of officers, directors and key employees

    total $490,503 · program services $294,302 · management and general $196,201

  • 7 · Other salaries and wages

    total $662,583 · program services $625,469 · management and general $37,114

  • 9 · Other employee benefits

    total $8,426 · program services $8,173 · management and general $253

  • 10 · Payroll taxes

    total $89,331 · program services $71,465 · management and general $17,866

  • 11b · Fees: legal

    total $1,395 · management and general $1,395

  • 11c · Fees: accounting

    total $11,390 · management and general $11,390

  • 11g · Fees: other

    total $48,841 · program services $5,855 · management and general $42,986

  • 12 · Advertising and promotion

    total $14,171 · management and general $14,171

  • 13 · Office expenses

    total $39,728 · program services $28,528 · management and general $11,200

  • 14 · Information technology

    total $14,978 · program services $11,982 · management and general $2,996

  • 16 · Occupancy

    total $250,752 · program services $225,677 · management and general $25,075

  • 17 · Travel

    total $36,744 · management and general $36,744

  • 19 · Conferences, conventions and meetings

    total $20,721 · program services $20,721

  • 22 · Depreciation, depletion and amortization

    total $1,110 · program services $666 · management and general $444

  • 23 · Insurance

    total $12,116 · program services $9,693 · management and general $2,423

  • 24a · Other expenses: STAFF APPRECIATION

    total $48,007 · program services $48,007

  • 24b · Other expenses: CLASSROOM SUPPLIES

    total $13,554 · program services $13,554

  • 24c · Other expenses: FOOD FOR CHILDREN

    total $11,004 · program services $11,004

  • 24d · Other expenses: PARENT APPRECIATION

    total $6,700 · program services $6,700

  • 24e · All other expenses

    total $691 · management and general $691

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,419 · end of year $18,045

  • 4 · Accounts receivable

    beginning of year $691,601 · end of year $752,742

  • 10a · Land, buildings and equipment: cost or other basis

    $61,648

  • 10b · Land, buildings and equipment: accumulated depreciation

    $48,502

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $13,146

  • 15 · Other assets

    end of year $11,330

  • 17 · Accounts payable and accrued expenses

    beginning of year $84,110 · end of year $33,454

  • 22 · Loans and payables to officers and key people

    end of year $17,807

  • 27 · Net assets without donor restrictions

    beginning of year $613,910 · end of year $744,002

Mission and programs · 2024

Mission

TO PROVIDE QUALITY EARLY CHILDHOOD EDUCATION AND RELATED SERVICES, WHILE STRIVING TO EMPOWER YOUNG CHILDREN THROUGH FAMILY-FRIENDLY SUPPORT AND EDUCATION

  • EARLY CHILDHOOD: TO PROVIDE QUALITY EARLY CHILDHOOD EDUCATION AND RELATED SERVICES, WHILE STRIVING TO EMPOWER YOUNG CHILDREN THROUGH FAMILY-FRIENDLY SUPPORT AND EDUCATION

    Expenses $1,450,146 · Grants $68,350 · Revenue $1,930,587

As filed on the 2024 return.

Listed in Part VII

  • AMY HITCHINSON

    PRESIDENT

    Total calculated
    $408,268
    From this org
    $194,138
    From related orgs
    $202,596
    Other
    $11,534
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $194,138 + $202,596 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,534
    Filer's total
    $205,672 + $202,596 related

  • JOSHUA HARRIS

    TREASURER

    Total calculated
    $402,855
    From this org
    $185,090
    From related orgs
    $211,941
    Other
    $5,824
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $185,090 + $211,941 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,824
    Filer's total
    $190,914 + $211,941 related

  • JUDY FEINGLASS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • ERIC LARSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • PETER WASEM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JULIA FLORES

    CHIEF ADMINISTRATIVE OFFIC

    Total calculated
    $79,892
    From this org
    $34,678
    From related orgs
    $43,805
    Other
    $1,409
    Hours/week
    10 + 30 related

  • LORENA DELGADO

    ASSOCIATE EXECUTIVE DIRECT

    Total calculated
    $82,869
    From this org
    $51,670
    From related orgs
    $25,041
    Other
    $6,158
    Hours/week
    10 + 30 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
9 October 2025
IRS schema version
2024v5.2
Source object
202522899349301527

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