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Madison Academy Inc

  • Madison, AL
  • Tax-exempt since July 1958
  • EIN: 63-0356666

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.

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$9.88M (2023)

Expenses
$10.6M (2023)

Total Assets
$15M (2023)

Total Liabilities
$7.18M (2023)

Source: Form 990 tax filings from 2011 to 2023

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
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,877,162
Expenses
$10,604,690
Net Income
-$727,528
Net Assets
$7,789,394
Notable Sources of Revenue Percent of Total Revenue
Contributions $523,405
5.3%
Program Services $9,129,489
92.4%
Investment Income $111,686
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $112,582
1.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $202,498
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $5,135,733
48.4%
Assets/Debt
Total Assets $14,968,719
Total Liabilities $7,179,325
Net Assets $7,789,394
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Casey Farris (President) $202,498 $0 $0
Tom Mckee (Chairman) $0 $0 $0
Dr Amy Leaton (Vice Chair) $0 $0 $0
Wesley Canerday (Secretary) $0 $0 $0
Tim Brown (Member) $0 $0 $0
Jason Bybee (Treasurer) $0 $0 $0
James Flatt (Member) $0 $0 $0
Carey Rosenblum (Member) $0 $0 $0
Scotty Sparks (Member) $0 $0 $0
Shane Stromei (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on April 22, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,740,995
Expenses
$9,198,972
Net Income
-$457,977
Net Assets
$8,365,502
Notable Sources of Revenue Percent of Total Revenue
Contributions $294,848
3.4%
Program Services $8,214,930
94.0%
Investment Income $42,487
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $101,056
1.2%
Sales of Assets $87,674
1.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $97,667
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $4,591,313
49.9%
Assets/Debt
Total Assets $14,056,099
Total Liabilities $5,690,597
Net Assets $8,365,502
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Casey Farris (President) $97,667 $0 $0
Tom Mckee (Chairman) $0 $0 $0
Dr Amy Leaton (Vice Chair) $0 $0 $0
Wesley Canerday (Secretary) $0 $0 $0
Tim Brown (Member) $0 $0 $0
Jason Bybee (Treasurer) $0 $0 $0
James Flatt (Member) $0 $0 $0
Carey Rosenblum (Member) $0 $0 $0
Scotty Sparks (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 10, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,738,039
Expenses
$8,713,513
Net Income
$24,526
Net Assets
$9,204,498
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,299,410
14.9%
Program Services $7,368,727
84.3%
Investment Income $68,979
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $923
0.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $13,333
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $4,288,856
49.2%
Assets/Debt
Total Assets $14,996,643
Total Liabilities $5,792,145
Net Assets $9,204,498
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Casey Farris (President) $13,333 $0 $0
Tom Mckee (Chairman) $0 $0 $0
Dr Amy Leaton (Vice Chair) $0 $0 $0
Wesley Canerday (Secretary) $0 $0 $0
Tim Brown (Member) $0 $0 $0
Jason Bybee (Member) $0 $0 $0
James Flatt (Member) $0 $0 $0
Carey Rosenblum (Member) $0 $0 $0
Scotty Sparks (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 13, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,188,125
Expenses
$8,244,400
Net Income
-$56,275
Net Assets
$8,774,524
Notable Sources of Revenue Percent of Total Revenue
Contributions $354,020
4.3%
Program Services $7,688,250
93.9%
Investment Income $96,775
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $48,277
0.6%
Sales of Assets $803
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $124,296
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,082,033
49.5%
Assets/Debt
Total Assets $15,755,623
Total Liabilities $6,981,099
Net Assets $8,774,524
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Terry Davis (President) $110,162 $0 $14,134
Scotty Sparks (Chairman) $0 $0 $0
Tom Mckee (Vice Chair) $0 $0 $0
Jason Bybee (Secretary) $0 $0 $0
Thomas Busby (Treasurer) $0 $0 $0
Wesley Canerday (Member) $0 $0 $0
James Flatt (Member) $0 $0 $0
Amy Leaton (Member) $0 $0 $0
Chris Lewter (Member) $0 $0 $0
Carey Rosenblum (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 17, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,397,090
Expenses
$8,382,138
Net Income
$14,952
Net Assets
$8,931,221
Notable Sources of Revenue Percent of Total Revenue
Contributions $275,377
3.3%
Program Services $8,011,784
95.4%
Investment Income $84,643
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $25,286
0.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $128,199
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,047,523
48.3%
Assets/Debt
Total Assets $15,080,197
Total Liabilities $6,148,976
Net Assets $8,931,221
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Terry Davis (President) $110,162 $0 $18,037
Scotty Sparks (Chairman) $0 $0 $0
Tom Mckee (Vice Chair) $0 $0 $0
Jason Bybee (Secretary) $0 $0 $0
Thomas Busby (Treasurer) $0 $0 $0
Wesley Canerday (Member) $0 $0 $0
James Flatt (Member) $0 $0 $0
Amy Leaton (Member) $0 $0 $0
Chris Lewter (Member) $0 $0 $0
Carey Rosenblum (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 14, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,076,729
Expenses
$8,194,850
Net Income
-$118,121
Net Assets
$8,903,779
Notable Sources of Revenue Percent of Total Revenue
Contributions $497,103
6.2%
Program Services $7,505,977
92.9%
Investment Income $59,135
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $14,480
0.2%
Sales of Assets $34
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $197,468
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $4,043,025
49.3%
Assets/Debt
Total Assets $15,224,665
Total Liabilities $6,320,886
Net Assets $8,903,779
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Terry Davis (President) $99,021 $0 $17,044
Barry Kirkland (President) $80,258 $0 $1,145
Scotty Sparks (Chairman) $0 $0 $0
Tom Mckee (Vice Chair) $0 $0 $0
Jason Bybee (Secretary) $0 $0 $0
Thomas Busby (Treasurer) $0 $0 $0
Wesley Canerday (Member) $0 $0 $0
James Flatt (Member) $0 $0 $0
Amy Leaton (Member) $0 $0 $0
Chris Lewter (Member) $0 $0 $0
Carey Rosenblum (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,957,433
Expenses
$7,986,850
Net Income
-$29,417
Net Assets
$9,020,746
Notable Sources of Revenue Percent of Total Revenue
Contributions $525,169
6.6%
Program Services $7,342,334
92.3%
Investment Income $58,275
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $31,655
0.4%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $116,684
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,411,500
55.2%
Assets/Debt
Total Assets $15,567,432
Total Liabilities $6,546,686
Net Assets $9,020,746
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Barry Kirkland (President) $103,526 $0 $13,158
Scotty Sparks (Chairman) $0 $0 $0
Tom Mckee (Vice Chair) $0 $0 $0
Polly Ann Cayson (Secretary) $0 $0 $0
Thomas Busby (Treasurer) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,805,277
Expenses
$8,155,470
Net Income
-$350,193
Net Assets
$8,919,594
Notable Sources of Revenue Percent of Total Revenue
Contributions $829,040
10.6%
Program Services $6,813,622
87.3%
Investment Income $103,856
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $36,368
0.5%
Sales of Assets $22,391
0.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $117,615
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $4,249,672
52.1%
Assets/Debt
Total Assets $15,698,472
Total Liabilities $6,778,878
Net Assets $8,919,594
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Barry Kirkland (President) $101,950 $0 $15,665
Scotty Sparks (Chairman) $0 $0 $0
Polly Ann Cayson (Secretary) $0 $0 $0
Tom Mckee (Vice Chair) $0 $0 $0
Thomas Busby (Treasurer) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 15, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,141,313
Expenses
$7,264,914
Net Income
-$123,601
Net Assets
$9,437,966
Notable Sources of Revenue Percent of Total Revenue
Contributions $255,759
3.6%
Program Services $6,702,572
93.9%
Investment Income $140,226
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $26,603
0.4%
Sales of Assets $16,153
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $114,475
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,972,926
54.7%
Assets/Debt
Total Assets $12,436,659
Total Liabilities $2,998,693
Net Assets $9,437,966
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Robert Burton (President Emeritus) $103,472 $0 $11,003
Scotty Sparks (Chairman) $0 $0 $0
Polly Ann Cayson (Secretary) $0 $0 $0
Tom Mckee (Vice Chair) $0 $0 $0
Stephen Armstrong (Treasurer) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 16, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,020,789
Expenses
$6,921,687
Net Income
$99,102
Net Assets
$9,619,446
Notable Sources of Revenue Percent of Total Revenue
Contributions $332,470
4.7%
Program Services $6,565,420
93.5%
Investment Income $67,067
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $30,469
0.4%
Sales of Assets $25,363
0.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $117,373
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,792,513
54.8%
Assets/Debt
Total Assets $12,828,198
Total Liabilities $3,208,752
Net Assets $9,619,446
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Robert Burton (President Emeritus) $106,496 $0 $10,877
Chris Lewter (Chairman) $0 $0 $0
David Hargett (Vice Chair) $0 $0 $0
Tom Mckee (Secretary) $0 $0 $0
Jerry Mercer (Treasurer) $0 $0 $0
+ View more people

Document Links

990
Filed on April 27, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,109,772
Expenses
$6,723,030
Net Income
$386,742
Net Assets
$9,019,957
Notable Sources of Revenue Percent of Total Revenue
Contributions $272,779
3.8%
Program Services $6,661,127
93.7%
Investment Income $62,686
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $34,747
0.5%
Sales of Assets $78,433
1.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $115,393
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,634,864
54.1%
Assets/Debt
Total Assets $12,724,602
Total Liabilities $3,704,645
Net Assets $9,019,957

Document Links

990
Filed on March 20, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,748,212
Expenses
$6,332,212
Net Income
$416,000
Net Assets
$8,430,588
Notable Sources of Revenue Percent of Total Revenue
Contributions $187,108
2.8%
Program Services $6,420,780
95.1%
Investment Income $46,676
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $41,544
0.6%
Sales of Assets $52,104
0.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $112,852
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $3,488,288
55.1%
Assets/Debt
Total Assets $12,231,741
Total Liabilities $3,801,153
Net Assets $8,430,588

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,420,872
Expenses
$6,077,183
Net Income
$343,689
Net Assets
$8,120,033
Notable Sources of Revenue Percent of Total Revenue
Contributions $246,876
3.8%
Program Services $6,063,931
94.4%
Investment Income $41,233
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $38,390
0.6%
Sales of Assets $30,442
0.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $115,783
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $3,341,190
55.0%
Assets/Debt
Total Assets $12,361,899
Total Liabilities $4,241,866
Net Assets $8,120,033

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About 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

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated