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Faith Academy

  • Iowa City, IA
  • Tax-exempt since Aug. 2018
  • EIN: 82-3695813

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 / Primary, Elementary Schools (NTEE)

Donations to this organization are tax deductible.

Details

According to its May 2024 tax filing, this nonprofit:

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

Summary charts: organization finances over time

Revenue
$1.69M (2024)

Expenses
$1.24M (2024)

Total Assets
$1.52M (2024)

Total Liabilities
$2.69k (2024)

Source: Form 990 tax filings from 2019 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 May
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,689,001
Expenses
$1,236,718
Net Income
$452,283
Net Assets
$1,518,146
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,588,208
94.0%
Program Services $48,400
2.9%
Investment Income $32,912
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $19,481
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $827,932
66.9%
Assets/Debt
Total Assets $1,520,834
Total Liabilities $2,688
Net Assets $1,518,146
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Doug Fern Left 82023 (Executive Di) $0 $0 $0
David Asprey (Vice Preside) $0 $0 $0
Matt Johnson Left 52024 (Vice Preside) $0 $0 $0
Richard Hoefer (Treasurer) $0 $0 $0
Craig Welt Left 52024 (Secretary) $0 $0 $0
Jill Schlott (President) $0 $0 $0
Danice Keating (Director) $0 $0 $0
Brandi Radcliffe (Director) $0 $0 $0
Monique Washington Left 72023 (Director) $0 $0 $0
Cynthia Ukah Left 72023 (Director) $0 $0 $0
Bernadine Franks (Executive Di) $0 $0 $0
Tony Luneckas (Director) $0 $0 $0
James Balmer (Director) $0 $0 $0
Richard Wootonn (Director) $0 $0 $0
Shane Kelley (Secretary) $0 $0 $0
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Document Links

990
Filed on March 27, 2025

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

View Filing
XML

Fiscal Year Ending May
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,376,055
Expenses
$915,125
Net Income
$460,930
Net Assets
$1,065,863
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,290,242
93.8%
Program Services $55,845
4.1%
Investment Income $10,899
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $19,069
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $624,001
68.2%
Assets/Debt
Total Assets $1,065,863
Total Liabilities $0
Net Assets $1,065,863
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Doug Fern (Executive Di) $0 $0 $0
David Asprey (President) $0 $0 $0
Matt Johnson (Vice Preside) $0 $0 $0
Richard Hoefer (Treasurer) $0 $0 $0
Craig Welt (Secretary) $0 $0 $0
Jill Schlott (Director) $0 $0 $0
Danice Keating (Director) $0 $0 $0
Brandi Radcliffe (Director) $0 $0 $0
Monique Washington (Director) $0 $0 $0
Cynthia Ukah (Director) $0 $0 $0
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Document Links

990
Filed on April 11, 2024

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

View Filing
XML

Fiscal Year Ending May
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,207,307
Expenses
$874,919
Net Income
$332,388
Net Assets
$604,933
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,133,590
93.9%
Program Services $56,414
4.7%
Investment Income $7,696
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,607
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $640,230
73.2%
Assets/Debt
Total Assets $604,933
Total Liabilities $0
Net Assets $604,933
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Richard Hoefer (Treasurer) $0 $0 $0
Craig Welt (Secretary) $0 $0 $0
David Asprey (President) $0 $0 $0
Jill Schlott (Director) $0 $0 $0
Darice Keating (Director) $0 $0 $0
Brandi Radcliffe (Director) $0 $0 $0
Monique Washington (Director) $0 $0 $0
Matt Johnson (Vice President) $0 $0 $0
Cynthia Ukah (Director) $0 $0 $0
Doug Fern (Executive Dir.) $0 $0 $0
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Document Links

990
Filed on April 21, 2023

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

View Filing
XML

Fiscal Year Ending May
2021

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
Other
Operated a school
Compensation
Key Employees and Officers Compensation Other
Doug Fern (Executive Dir.) $0 $0
Richard Hoefer (Treasurer) $0 $0
Craig Welt (Secretary) $0 $0
David Asprey (President) $0 $0
Jill Schlott (Director) $0 $0
Darice Keating (Director) $0 $0
Greg Grove (Director) $0 $0
Julie Dancer (Vice President) $0 $0
Brandi Radcliffe (Director) $0 $0
Monique Washington (Director) $0 $0
Matt Johnson (Director) $0 $0
Cynthia Ukah (Director) $0 $0
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Document Links

990-EZ
Filed on Oct. 15, 2021

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

View Filing
XML

Fiscal Year Ending May
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$765,986
Expenses
$727,329
Net Income
$38,657
Net Assets
$10,648
Notable Sources of Revenue Percent of Total Revenue
Contributions $728,917
95.2%
Program Services $36,942
4.8%
Investment Income $127
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $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 $512,456
70.5%
Assets/Debt
Total Assets $183,633
Total Liabilities $172,985
Net Assets $10,648
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Richard Hoefer (Treasurer) $0 $0 $0
Craig Welt (Secretary) $0 $0 $0
David Asprey (President) $0 $0 $0
Jill Schlott (Director) $0 $0 $0
Darice Keating (Director) $0 $0 $0
Greg Grove (Director) $0 $0 $0
Julie Dancer (Vice President) $0 $0 $0
Brandi Radcliffe (Director) $0 $0 $0
Monique Washington (Director) $0 $0 $0
Matt Johnson (Director) $0 $0 $0
Cynthia Ukah (Director) $0 $0 $0
Doug Fern (Executive Dir.) $0 $0 $0
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Document Links

990
Filed on April 26, 2021

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

View Filing
PDF XML

Fiscal Year Ending May
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$327,070
Expenses
$355,079
Net Income
-$28,009
Net Assets
-$28,009
Notable Sources of Revenue Percent of Total Revenue
Contributions $296,218
90.6%
Program Services $30,790
9.4%
Investment Income $62
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $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 $222,443
62.6%
Assets/Debt
Total Assets $1,864
Total Liabilities $29,873
Net Assets -$28,009
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Richard Hoefer (Treasurer) $0 $0 $0
Craig Welt (Secretary) $0 $0 $0
David Asprey (President) $0 $0 $0
Jill Schlott (Director) $0 $0 $0
Darice Keating (Director) $0 $0 $0
Greg Grove (Director) $0 $0 $0
Julie Dancer (Vice President) $0 $0 $0
Brandi Radcliffe (Director) $0 $0 $0
Doug Fern (Executive Dir.) $0 $0 $0
+ View more people

Document Links

990
Filed on April 29, 2020

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

View Filing
PDF XML

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.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

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.

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