Academy at the Lakes
Academy at the Lakes reported $15.0 million in revenue and $13.6 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $77.23 went to program services, $20.06 to management and general costs and $2.71 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 91.6% of the total. The highest compensation it reported for one person was $416,892 (Head of School). 8 people received more than $100,000 in reportable compensation. Revenue rose 70% between FY2021 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending May 31, 2025 · Form 990, Part IX, line 25 · total expenses $14MFor 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 May 31, 2025 · Form 990, Part VIII · total revenue $15MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 77.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 20.1% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.7% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.47 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 5.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 91.6% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $416,892 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.06% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 8 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 7.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 16 of 16 | 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 expenseAcademy at the Lakes provided exceptional education for over 500 students from pre-kindergarten through grade 12. The students were able to participate in a variety of interscholastic athletic sports fine arts production and extracurricular activities through clubs and school events. Our summer school and summer camp programs allowed 350 students to continue to learn and collaborate with their peers over the summer months
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 |
|---|---|---|---|---|
| Head of School Officer, 40.00 hrs/week | $396,745 | $0 | $20,147 | $416,892 |
| Chief Financial Officer Officer, 40.00 hrs/week | $206,452 | $0 | $12,230 | $218,682 |
| Lower Division Director Highest compensated employee, 40.00 hrs/week | $139,019 | $0 | $13,903 | $152,922 |
| Director of Development Highest compensated employee, 40.00 hrs/week | $118,043 | $0 | $12,750 | $130,793 |
| Controller Highest compensated employee, 40.00 hrs/week | $114,511 | $0 | $12,582 | $127,093 |
8 people received more than $100,000 in reportable compensation from Academy at the Lakes (Part VII, line 2). Compensation of current officers, directors and key employees totaled $771K (Part IX, line 5).
5 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–1b16 · 16 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- 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 26Yes
- 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 5148
Private foundation grants it received
5 private foundations reported grants to Academy at the Lakes totaling $84,542 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 Academy at the Lakes's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Academy at the Lakes, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Academy at the Lakes spent in FY2025, $77.23 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Southwest Winners FoundationSan Antonio, TX · revenue $15M · programs 94.2% · FY2025
- Crane Country Day SchoolSanta Barbara, CA · revenue $15M · programs 80.1% · FY2025
- FiafwFort Worth, TX · revenue $15M · programs 78.3% · FY2023
- Friends of Imagine International Academy of North TexasMcKinney, TX · revenue $15M · programs 83.8% · FY2025
- Alianza Para LA Educacion AlternativaSan Juan, PR · revenue $15M · programs 99.1% · FY2025
Questions people ask
How much of Academy at the Lakes's spending goes to programs?
In the fiscal year ending May 31, 2025, Academy at the Lakes reported that 77.2% of its $13.6 million in expenses went to program services, 20.1% to management and general and 2.7% to fundraising (Form 990, Part IX).
How much does Academy at the Lakes pay its top executive?
The largest total compensation Academy at the Lakes reported for one person in the fiscal year ending May 31, 2025 was $416,892, for the role of Head of School (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Academy at the Lakes get its money?
Of $15.0 million in revenue in the fiscal year ending May 31, 2025, 5.2% came from contributions and grants and 91.6% from program service revenue (Form 990, Part VIII).
Is Academy at the Lakes a registered charity?
The IRS lists EIN 59-3592809 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 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 May 31, 2025, object 202621069349300107 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202511069349300006 · read the filing
- FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202441079349300614 · read the filing
- FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202331099349301708 · read the filing
- FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202231089349300323 · read the filing
All filings for EIN 59-3592809: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.