Skip to content
ProPublica Donate

Founders Academy Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Single Organization Support (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2024 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
−$47.3k (2024)

Expenses
$91.2k (2024)

Total Assets
$5M (2024)

Total Liabilities
$380k (2024)

Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$47,267
Expenses
$91,233
Net Income
-$138,500
Net Assets
$4,623,368
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$48,500
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,233
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,002,927
Total Liabilities $379,559
Net Assets $4,623,368
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kimberly Lavallee (Chair) $55,000 $0 $0
Patricia Humphrey (Director) $0 $0 $0
Gary Thomas (Treasurer) $0 $0 $0
Robert Best (Vice Chair) $0 $0 $0
Sally Bliss (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$66,081
Expenses
$67,222
Net Income
-$133,303
Net Assets
$4,761,113
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,000
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$68,081
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,350,122
Total Liabilities $589,009
Net Assets $4,761,113
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kimberly Lavallee (Chair) $55,000 $0 $0
Patricia Humphrey (Director) $0 $0 $0
Gary Thomas (Treasurer) $0 $0 $0
Robert Best (Vice Chair) $0 $0 $0
Sally Bliss (Director) $0 $0 $0
Jim Fricchione (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,598,226
Expenses
$1,470,822
Net Income
$127,404
Net Assets
$5,352,077
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,656,872
> 100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$73,646
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $15,000
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,753,699
Total Liabilities $401,622
Net Assets $5,352,077
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kimberly Lavallee (Chair) $45,000 $0 $0
Patricia Humphrey (Director) $0 $0 $0
Gary Thomas (Treasurer) $0 $0 $0
Robert Best (Vice Chair) $0 $0 $0
Sally Bliss (Director) $0 $0 $0
Jim Fricchione (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$768,570
Expenses
$690,130
Net Income
$78,440
Net Assets
$5,224,673
Notable Sources of Revenue Percent of Total Revenue
Contributions $805,100
> 100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$66,674
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $30,144
3.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,624,673
Total Liabilities $400,000
Net Assets $5,224,673
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kimberly Lavallee (Chair) $45,000 $0 $0
Patricia Humphrey (Vice Chair) $0 $0 $0
Kyle Fox (Director) $0 $0 $0
Gary Thomas (Director) $0 $0 $0
Robert Best (Treasurer) $0 $0 $0
Sally Bliss (Director) $0 $0 $0
Jim Fricchione (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$460,792
Expenses
$417,159
Net Income
$43,633
Net Assets
$5,056,021
Notable Sources of Revenue Percent of Total Revenue
Contributions $478,600
> 100%
Program Services $0
Investment Income $64,693
14.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$82,501
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,056,021
Total Liabilities $0
Net Assets $5,056,021
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kimberly Lavallee (Chair) $45,000 $0 $0
Patricia Humphrey (Vice Chair) $0 $0 $0
Kyle Fox (Director) $0 $0 $0
Gary Thomas (Secretary) $0 $0 $0
Robert Best (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$154,718
Expenses
$55,499
Net Income
$99,219
Net Assets
$5,012,388
Notable Sources of Revenue Percent of Total Revenue
Contributions $243,000
> 100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income -$91,549
Net Fundraising $0
Sales of Assets $3,267
2.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,018,210
Total Liabilities $5,822
Net Assets $5,012,388
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kimberly Lavallee (Chair) $11,250 $55,731 $0
Kristi Scarpone (Secretary) $0 $0 $0
Patricia Humphrey (Treasurer) $0 $0 $0
Matt Southerton (Vice Chair) $0 $0 $0
Gary Thomas (Trustee) $0 $0 $0
Robert Best (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,320,633
Expenses
$36,709
Net Income
$1,283,924
Net Assets
$4,913,169
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,445,244
> 100%
Program Services $0
Investment Income $5
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$124,616
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,925,925
Total Liabilities $12,756
Net Assets $4,913,169
Compensation
Key Employees and Officers Compensation Related Other
Kristi Scarpone (Secretary) $0 $0 $0
Kimberly Lavallee (Chair) $0 $67,327 $0
Patricia Humphrey (Treasurer) $0 $0 $0
Matt Southerton (Vice Chair) $0 $0 $0
Gary Thomas (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,715,415
Expenses
$257,026
Net Income
$1,458,389
Net Assets
$3,629,245
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,600,000
93.3%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $115,415
6.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,056,389
Total Liabilities $1,427,144
Net Assets $3,629,245
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Richard Hyotte (Board Chair) $0 $0 $0
Kimberly Lavallee (Treasurer) $0 $62,327 $0
Patricia Humphrey (Director) $0 $0 $0
Matt Southerton (Director) $0 $0 $0
Gary Thomas (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,129,455
Expenses
$317,008
Net Income
$812,447
Net Assets
$2,170,856
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,000,000
88.5%
Program Services $0
Investment Income $38
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $127,644
11.3%
Net Fundraising $0
Sales of Assets $1,773
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,230,804
Total Liabilities $3,059,948
Net Assets $2,170,856
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Richard Hyotte (Board Chair) $0 $0 $0
Kimberly Lavallee (Treasurer) $0 $62,408 $0
Sarah Frischknecht (Secretary) $0 $0 $0
Patricia Humphrey (Director) $0 $0 $0
Cathy Duffy Cullity (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$271,093
Expenses
$394,427
Net Income
-$123,334
Net Assets
$1,358,409
Notable Sources of Revenue Percent of Total Revenue
Contributions $36,150
13.3%
Program Services $0
Investment Income $29
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $234,914
86.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,418,204
Total Liabilities $4,059,795
Net Assets $1,358,409
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Thomas Frischknecht (Board Chair) $0 $0 $0
Kimberly Lavallee (Treasurer) $0 $63,077 $0
Sarah Frischknecht (Secretary) $0 $0 $0
Patricia Humphrey (Director) $0 $0 $0
Michael White (Director) $0 $0 $0
Cathy Duffy Cullity (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,554,190
Expenses
$72,447
Net Income
$1,481,743
Net Assets
$1,481,743
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,538,874
99.0%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $15,316
1.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,182,934
Total Liabilities $701,191
Net Assets $1,481,743
Compensation
Key Employees and Officers Compensation Related Other
Thomas Frischknecht (Board Chair) $0 $0 $0
Kimberly Lavallee (Treasurer) $0 $0 $0
Sarah Frischknecht (Secretary) $0 $0 $0
Patricia Humphrey (Director) $0 $0 $0
Michael White (Director) $0 $0 $0
Jennifer R Bernard (Director) $0 $0 $0
Cathy Duffy Cullity (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$1
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $1
Total Liabilities $0
Net Assets $1

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$1
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $1
Total Liabilities $0
Net Assets $1

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Contact Us