American Youth Academy Inc
- Assets
- $23.0m
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 171
- Location
- Tampa, FL
- Founding
- 11/2005
- Data as of
- 05/2024
- EIN
- 20-0898447
Organization Overview
American Youth Academy Inc is located in Tampa, FL. The organization was established in 2005. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 05/2024, American Youth Academy Inc employed 171 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Youth Academy 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 05/2024, American Youth Academy Inc generated $13.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $11.9m during the year ending 05/2024. While expenses have increased by 13.4% per year over the past 9 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 PROVIDE ACADEMIC EXCELLENCE IN A SAFE, NURTURING AND ISLAMIC ENVIRONMENT TO GUIDE STUDENTS TO BECOME SUCCESSFUL, 21ST CENTURY GLOBAL CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HAD OVER 900 STUDENTS ATTEND OUR SCHOOL. WE OFFER EDUCATION IN READING, WRITING, MATH, SCIENCE, SOCIAL STUDIES, ARABIC LANGUAGE STUDIES AND ISLAMIC RELIGIOUS STUDIES. OUR GRADES ARE FROM KINDERGARTEN TO 12TH GRADE. OUR MAIN GOAL IS TO TEACH OUR CHILDREN TO BE GOOD CITIZENS OF THE UNITED STATES AND OF THE WORLD. OUR CHILDREN ARE TAUGHT TO BE MORAL INDIVIDUALS WHO LOVE GOD AND RESPECT OUR ELDER AND NEIGHBORS. OUR OLDER CHILDREN ARE REQUIRED TO GIVE COMMUNITY SERVICE. WE PLAN TO TRY AND BUILD BRIDGES BETWEEN THE MUSLIM WORLD AND THE WESTERN WORLD. THIS FISCAL YEAR A NEW FACILITY HAS BEEN CONSTRUCTED AND READY FOR OCCUPANCY BY NEXT SCHOOL YEAR. FULL ACCREDITATION HAS BEEN ATTAINED BASED ON PROGRESS MADE IN VARIOUS AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bassem Sarsour Director | OfficerTrustee | 2 | $0 |
Nabil Rifaie Treasurer | Trustee | 2 | $0 |
Suhail Al-Rifaie Director | OfficerTrustee | 2 | $0 |
Yasin Saad Director | Trustee | 2 | $0 |
Hashim Sullaiman Director | OfficerTrustee | 2 | $0 |
Muneer Albadawi Dirctor | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,825 |
| Related organizations | $0 |
| Government grants | $1,909,054 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,920,879 |
| Total Program Service Revenue | $11,600,780 |
| 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 | $13,521,659 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,259,747 |
| Pension plan accruals and contributions | $40,303 |
| Other employee benefits | $199,144 |
| Payroll taxes | $553,294 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,944 |
| Fees for services: Accounting | $82,284 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $239,453 |
| Advertising and promotion | $177,306 |
| Office expenses | $50,297 |
| Information technology | $166,262 |
| Royalties | $0 |
| Occupancy | $642,760 |
| Travel | $10,856 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $320,194 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $804,671 |
| Insurance | $270,920 |
| All other expenses | $741,009 |
| Total functional expenses | $11,917,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,956,501 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $607,229 |
| Accounts receivable, net | $30 |
| 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 | $437,649 |
| Net Land, buildings, and equipment | $17,176,359 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $67,880 |
| Other assets | $747,503 |
| Total assets | $22,993,151 |
| Accounts payable and accrued expenses | $1,278,084 |
| 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 | $7,402,920 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,681,004 |
| Net assets without donor restrictions | $14,312,147 |
| 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 | $22,993,151 |