Foundation Academy Charter School
Foundation Academy Charter School reported $32.0 million in revenue and $32.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $83.90 went to program services, $16.10 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 94.3% of the total. Government grants made up 91.4%. The highest compensation it reported for one person was $202,854 (CEO). 5 people received more than $100,000 in reportable compensation. Revenue rose 65% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $32MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $32M- Contributions & grants (non-government)$2.94 $953K
- Government grants$90.14 $29M
- Program service revenue$6.22 $2.0M
- Investment income$0.70 $227K
Other revenue was negative: −$434K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 83.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.1% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 94.3% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 91.4% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 6.3% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $202,854 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.63% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 5 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 4.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 7 of 7 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseDuring the sixteenth year of operation, the 2024-2025 school year, Foundation Academy Charter School provided a full range of educational services appropriate for all students in grades Kindergarten through 12th Grade. The Educational program includes social, health and nutrition services that support the total education of the student. In addition, the educational services include regular, as well as special education instruction. Foundation Academy Charter School promotes the full involvement of parents in their childrens educational development. The Charter School completed the 2024-2025…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Listed in Part VII, 40.00 hrs/week | $202,854 | $0 | $0 | $202,854 |
| CFO Listed in Part VII, 40.00 hrs/week | $184,183 | $0 | $0 | $184,183 |
| CHIEF OF ACADEMICS Listed in Part VII, 40.00 hrs/week | $153,283 | $0 | $0 | $153,283 |
| CHIEF OF TALENT Listed in Part VII, 40.00 hrs/week | $140,863 | $0 | $0 | $140,863 |
| BA Listed in Part VII, 40.00 hrs/week | $137,275 | $0 | $0 | $137,275 |
5 people received more than $100,000 in reportable compensation from Foundation Academy Charter School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.0M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aNo
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5267
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| MASCHIOS FOOD SERVICE Food service | $0 |
| CORE MECHANICAL Building contractor | $0 |
| THE GILLESPIE GROUP Building contractor | $0 |
| CDW GOVERNMENT Vendor | $0 |
Individuals listed as contractors are left out.
Private foundation grants it received
1 private foundation reported grants to Foundation Academy Charter School totaling $35 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Foundation Academy Charter School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Foundation Academy Charter School, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Foundation Academy Charter School spent in FY2025, $83.90 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The New England College of OptometryBoston, MA · revenue $32M · programs 71.3% · FY2025
- Florida CollegeTemple Terrace, FL · revenue $32M · programs 79.0% · FY2025
- College of the AtlanticBar Harbor, ME · revenue $32M · programs 82.5% · FY2025
- Waynflete SchoolPortland, ME · revenue $32M · programs 82.3% · FY2025
- Lourdes UniversitySylvania, OH · revenue $32M · programs 83.1% · FY2025
Questions people ask
How much of Foundation Academy Charter School's spending goes to programs?
In the fiscal year ending June 30, 2025, Foundation Academy Charter School reported that 83.9% of its $32.4 million in expenses went to program services, 16.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Foundation Academy Charter School pay its top executive?
The largest total compensation Foundation Academy Charter School reported for one person in the fiscal year ending June 30, 2025 was $202,854, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Foundation Academy Charter School get its money?
Of $32.0 million in revenue in the fiscal year ending June 30, 2025, 94.3% came from contributions and grants (including 91.4% from government grants) and 6.3% from program service revenue (Form 990, Part VIII).
Is Foundation Academy Charter School a registered charity?
The IRS lists EIN 20-4406909 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601349349309015 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501359349315950 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202400619349300365 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321359349311957 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231339349305413 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141029349301024 · read the filing
All filings for EIN 20-4406909: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.