Academics In Motion Inc
- Assets
- $172.4k
- Revenue
- $465.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Manasquan, NJ
- Founding
- 04/2005
- Data as of
- 09/2023
- EIN
- 20-1890245
Organization Overview
Academics In Motion Inc is located in Manasquan, NJ. The organization was established in 2005. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academics In Motion 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 09/2023, Academics In Motion Inc generated $465.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $405.4k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AIM LEVELS THE PLAYING FIELD BY PROVIDING SCHOOLS THAT DO NOT HAVE EXTENDED RESOURCES WITH A VIABLE AND ACTIVE YOUTH DEVELOPMENT PROGRAM TO ASSIST THE COACHES, TEACHERS, AND ADMINISTRATION TO BEST PREPARE THEIR STUDENTS FOR A HEALTHY AND PRODUCTIVE ADULTHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AIM IS A BROAD BASED MENTORING PROGRAM THAT USES THE STUDENTS NATURAL QUALITIES OF BEING A PART OF A TEAM (COMPETITION, LEADERSHIP, HARDWORK, SACRIFICE, DEDICATION, RESPECT, INTEGRITY, ETC) AND TEACHES THEM HOW TO TRANSFER THOSE QUALITIES TO THE CLASSROOM AND LIFE. BY CONNECTING THESE NATURAL QUALITIES THE STUDENTS GAIN CONFIDENCE AND BUILD A FOUNDATION TO BE SUCCESSFUL IN THE CLASSROOM AND IN LIFE.AIM ACCOMPLISHES THIS THROUGH A SYSTEMATIC APPROACH OF OUR YDC (MENTOR), TRAINING AND DEVELOPMENT, PROGRAM MANAGEMENT, RESEARCH AND EVALUATION, COMMUNITY COALITION.THE YDC USES LOGICAL TOOLS THAT INCLUDE A LIFE SKILLS CURRICULUM (GOAL SETTING, GETTING ORGANIZED, TIME MANAGEMENT, STUDY SKILLS, EFFECTIVE THINKING, ATTENTION CONTROL AND MEMORY, STRESS MANAGEMENT, LEADERSHIP, CONFLICT RESOLUTION), COMMUNITY SERVICE, ONE-ON-ONE PLANNING, STUDY HALL, SAT AND PRE-SAT PREP, COLLEGE VISITS, ETC.TRAINING AND DEVELOPMENT IS A KEY COMPONENT THAT ENSURES THE YDCS ARE STAYING ON COURSE AND ADDRESSES THE NEEDS OF THE STUDENTS AS POTENTIALLY NEW ISSUES ARISE. THIS ALSO WILL HELP MAINTAIN THE INTEGRITY OF THE PROGRAM AND INSURE BEST PRACTICES ARE IMPLEMENTED.RESEARCH AND EVALUATION ALLOWS AIM TO DETERMINE WHETHER THE PROGRAM IS EFFECTIVE AND HITTING THE TARGET NUMBERS. THIS COMPONENT ALSO ALLOWS MANAGEMENT TO DETERMINE WHERE AND IF WE NEED TO TWEAK THE PROGRAM TO INSURE SUCCESS.COMMUNITY COALITION ENABLES THE DIFFERENT FOLKS WITHIN THE COMMUNITY TO ORGANIZE AROUND A COMMON INTEREST AND HAVE A POSITIVE EFFECT. ACHIEVEMENTS:INCREASED GPAINCREASED CLASSROOM ATTENDANCEINCREASED PARTICIPATION IN PSAT/SATINCREASED ON TO COLLEGE RATEINCREASED GRADUATION RATEINCREASED COMMUNITY SERVICE HOURS COMPLETEDCOMPLETED ON AVERAGE 8 LIFE SKILL COMPONENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Quinn Executive Dir. | OfficerTrustee | 40 | $0 |
Jim Presbrey Treasurer | Officer | 5 | $0 |
Ric Wright Board Member | Officer | 5 | $0 |
Joe Ross Board Member | Officer | 5 | $0 |
Chris Adams Board Member | Officer | 5 | $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 | $465,462 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $465,462 |
| 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 | $465,462 |
| 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 | $338,389 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,051 |
| Advertising and promotion | $0 |
| Office expenses | $8,036 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,354 |
| 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 | $2,812 |
| All other expenses | $0 |
| Total functional expenses | $405,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,382 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $93,004 |
| 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 | $172,386 |
| Accounts payable and accrued expenses | $56,000 |
| 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 | $1 |
| Total liabilities | $56,001 |
| Net assets without donor restrictions | $116,385 |
| 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 | $172,386 |