| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
0 | |||||
| Calendar year (or fiscal year beginning in) | (a) 2021 | (b) 2022 | (c) 2023 | (d) 2024 | (e) 2025 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 16,506 | 782,948 | 1,069,201 | 1,197,368 | 141,240 | 3,207,263 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | 0 | |||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | 0 | |||||
| 4 | Total. Add lines 1 through 3 | 16,506 | 782,948 | 1,069,201 | 1,197,368 | 141,240 | 3,207,263 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | 0 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 3,207,263 | |||||
| Calendar year (or fiscal year beginning in) | (a) 2021 | (b) 2022 | (c) 2023 | (d) 2024 | (e) 2025 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 16,506 | 782,948 | 1,069,201 | 1,197,368 | 141,240 | 3,207,263 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 14,000 | 14,000 | ||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 0 | |||||
| 11 | Total support. Add lines 7 through 10 | 3,221,263 | |||||
| Calendar year (or fiscal year beginning in) | (a) 2021 | (b) 2022 | (c) 2023 | (d) 2024 | (e) 2025 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | 0 | |||||
| Calendar year (or fiscal year beginning in) | (a) 2021 | (b) 2022 | (c) 2023 | (d) 2024 | (e) 2025 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6 | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | ||||||
| c | Add lines 10a and 10b | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6Total annual distributions. Add lines 1 through 5. | 6 | |
|
7
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
7 | |
| 8 Distributable amount for 2025 from Section C, line 6 | 8 | |
| 9 Line 7 amount divided by Line 8 amount | 9 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2025 |
(iii) Distributable Amount for 2025 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2025 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2025 (reasonable cause required-- explain in Part VI).
See instructions. |
||||
| 3 Excess distributions carryover, if any, to 2025: | ||||
| a From 2020....... | ||||
| b From 2021....... | ||||
| c From 2022....... | ||||
| d From 2023....... | ||||
| e From 2024....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2025 distributable amount | ||||
|
i
Carryover from 2020 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2025 from Section D, line 6: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2025 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2025, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
6
Remaining underdistributions for 2025. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
||||
|
7 Excess distributions carryover to 2026. Add lines 3j and 4c. |
||||
| 8 Breakdown of line 7: | ||||
| a Excess from 2021..... | ||||
| b Excess from 2022..... | ||||
| c Excess from 2023..... | ||||
| d Excess from 2024..... | ||||
| e Excess from 2025..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|
| Software ID: | 25022686 |
| Software Version: |
| Return Reference | Explanation |
|---|---|
| Pt VI, Line 12c | All Board members, officers, and key employees are required to annually review and acknowledge the organizations conflict of interest policy. As part of this process, individuals disclose any actual or potential conflicts of interest. During Board and committee meetings, members are required to disclose any potential conflicts related to agenda items. Any individual with a conflict abstains from discussion and voting on the matter. These disclosures and recusals are documented in the meeting minutes. The Board of Directors is responsible for reviewing disclosed conflicts and determining appropriate actions to ensure decisions are made in the best interest of the organization. When necessary, the organization seeks independent information or comparable data to support decision-making. Compliance with the conflict of interest policy is monitored by the Board of Directors and reinforced through ongoing governance practices, documentation in meeting minutes, and periodic review of policies to ensure continued effectiveness. |
| Pt VI, Line 11b | Life Academy Inc follows a formal review and approval process for its annual Form 990 to ensure accuracy, transparency, and proper governance oversight. 1) Preparation of Draft - The Form 990 is prepared by the organizations independent accountant in collaboration with the President, Tyler Sultenfuss. The preparation process includes review of financial statements, program activities, and organizational records to ensure all reported information accurately reflects the organizations operations. 2) Internal Review - The President conducts an initial review of the draft Form 990 for completeness and accuracy. As needed, the organization consults with advisors, including Mary Havlock, to ensure the document clearly and professionally represents Life Academy Incs mission, programs, and impact. 3)Board Distribution - A complete draft of the Form 990 is provided to all members of the Board of Directors prior to filing. Board members are given adequate time to review the document and are encouraged to ask questions and provide feedback. 4) Board Review and Approval - The Board of Directors reviews the Form 990 as part of its governance responsibilites. Any questions or recommended revisions are addressed prior to approval. The Board formally approves the Form 990 for submission. 5) Finalization and Filing - Following Board approval, the President works with the accountant to finalize and submit the Form 990 to the Internal Revenue Service in a timely manner. 6) Record Retention - A final copy of the filed Form 990 is maintained in the organizations records and made available to the Board via email. |
| Pt VI, Line 15a | Life Academy Inc follows a formal process for determining the compensation of its President and top management officials to ensure it is reasonable and consistent with industry standards. Compensation is reviewed and approved by the Board of Directors, with any individuals who have a conflict of interest recusing themselves from the discussion and decision-making process. This ensures that compensation decisions are made by independent persons. In determining appropriate compensation, the Board considers comparability data, including compensation for similar positions at organizations of comparable size, scope, and geographic location, as well as the responsibilities and qualifications of the individual. The Boards deliberations and final decisions regarding compensation are documented contemporaneously in meeting minutes and maintained as part of the organizations official records. |
| Pt VI, Line 15b | Life Academy Inc follows a formal and consistent process for determining the compensation of its officers and key employees to ensure that compensation is reasonable and aligned with industry standards. Compensation decisions are reviewed and approved by the Board of Directors or a designated committee of independent members. Individuals with a potential conflict of interest are required to disclose such conflicts and recuse themselves from the discussion and approval process, ensuring decisions are made by independent persons. In establishing compensation levels, the organization utilizes comparability data, including compensation information for similar roles at organizations of comparable size, mission, and geographic area. Additional factors considered include the individuals qualifications, experience, scope of responsibilities, and the organizations financial condition. All compensation deliberations and decisions are documented contemporaneously in Board or committee meeting minutes. These records are maintained as part of the organizations official documentation to ensure transparency and compliance with applicable regulations. |
| Pt VI, Line 19 | Life Academy Inc makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Requests may be submitted in writing or via email, and the organization provides copies of the requested documents within a reasonable timeframe. Documents are provided electronically or in hard copy, as appropriate. In addition, the organization makes its Form 990 available for public inspection in accordance with IRS requirements. Life Academy Inc is committed to transparency and ensures that relevant organizational and financial information is accessible to stakeholders, donors, and members of the public upon request. |
| Form 990, Part IX, Line 24e | Vehicle expenses 39080. 39080. 0. 0. |
| Form 990, Part IX, Line 24e | Food expense 101453. 101453. 0. 0. |
| Form 990, Part IX, Line 24e | Playground expenses 13632. 13632. 0. 0. |
| Form 990, Part IX, Line 24e | Program supplies and expenses 45595. 45595. 0. 0. |
| Software ID: | 25022686 |
| Software Version: |