Alchemy Inc
- Assets
- $51.6k
- Revenue
- $399.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Copley, OH
- Founding
- 11/2003
- Data as of
- 06/2024
- EIN
- 06-1653765
Organization Overview
Alchemy Inc is located in Copley, OH. The organization was established in 2003. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alchemy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Alchemy Inc generated $399.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $443.0k during the year ending 06/2024. While expenses have increased by 3.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST URBAN ADOLESCENTS TO DEVELOP A SENSE OF PURPOSE IN LIFE AND TO THRIVE AS MEMBERS OF A FAMILY, SCHOOL AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APS IN SCHOOL MALE PROGRAM IS AN ALCHEMY MENTORING GROUP WHICH MEETS DURING THE SCHOOL DAY THROUGHOUT EACH ACADEMIC YEAR, FOR 22-25 WEEKS, IN AKRON PUBLIC SCHOOL (APS) SCHOOL BUILDINGS. THROUGH THE TELLING, DISCUSSION, AND INTERPRETATION OF ASSIGNED ANCIENT MYTHOLOGICAL TALES TOLD TO THE BEAT OF A DJEMBE DRUM AND WITH STUDENTS SEATED IN A SAFE CIRCLE TO CULTIVATE A SENSE OF COMMUNITY. TRAINED FACILITATORS TEACH PARTICIPANTS TO NAVIGATE LIFE'S CHALLENGES THROUGH EXPLORATION INTO ETHICS, HUMANKIND, CRITICAL DECISION MAKING, AND MUCH MORE. WRITING SKILLS ARE ALSO DEVELOPED THROUGH REQUIRED JOURNALING DURING EACH SESSION. THE HIGHLY EXPERIENCED GUIDANCE FROM CLASSROOM FACILITATORS HELPS THEM ENVISION AND DEVELOP CLEAR GOALS, FOR BOTH THEIR ACADEMIC AND LIFE JOURNEYS.
APS IN SCHOOL GIRLS PROGRAM IS AN ALCHEMY MENTORING GROUP WHICH MEETS DURING THE SCHOOL DAY THROUGHOUT EACH ACADEMIC YEAR, FOR 22-25 WEEKS, IN AKRON PUBLIC SCHOOL (APS) SCHOOL BUILDINGS. THROUGH THE TELLING, DISCUSSION, AND INTERPRETATION OF ASSIGNED ANCIENT MYTHOLOGICAL TALES TOLD TO THE BEAT OF A DJEMBE DRUM AND WITH STUDENTS SEATED IN A SAFE CIRCLE TO CULTIVATE A SENSE OF COMMUNITY. TRAINED FACILITATORS TEACH PARTICIPANTS TO NAVIGATE LIFE'S CHALLENGES THROUGH EXPLORATION INTO ETHICS, HUMANKIND, CRITICAL DECISION MAKING, AND MUCH MORE. WRITING SKILLS ARE ALSO DEVELOPED THROUGH REQUIRED JOURNALING DURING EACH SESSION. THE HIGHLY EXPERIENCED GUIDANCE FROM CLASSROOM FACILITATORS HELPS THEM ENVISION AND DEVELOP CLEAR GOALS, FOR BOTH THEIR ACADEMIC AND LIFE JOURNEYS.
NATIONAL PILOT DEMONSTRATION PROGRAMMING - DEVELOPMENT, EXPLORATION, AND PLANNING WORK ASSOCIATED WITH IMPLEMENTING ALCHEMY'S IN-CLASS GROUP MENTORING PROGRAM AT PARTNER MIDDLE SCHOOL AND HIGH SCHOOL BUILDINGS IN BALTIMORE, DALLAS, AND/OR OTHER CITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kwame Scruggs Executive Di | Trustee | 50 | $245,270 |
Bruce Alexander Trustee | Trustee | 2 | $0 |
Mitch Allen Trustee | Trustee | 2 | $0 |
Brandyn Costa Secretary | OfficerTrustee | 2 | $0 |
Debra Drone Treasurer | Trustee | 2 | $0 |
Russel Neal Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $399,357 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $399,357 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $399,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $222,000 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,727 |
| Payroll taxes | $12,353 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,562 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,554 |
| Travel | $12,977 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $872 |
| All other expenses | $0 |
| Total functional expenses | $443,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,579 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $51,579 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,100 |
| Total liabilities | $37,100 |
| Net assets without donor restrictions | $14,479 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $51,579 |