Acton School Of Business
- Assets
- $79.5m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 1
- Location
- Austin, TX
- Founding
- 09/2005
- Data as of
- 12/2023
- EIN
- 20-3185510
Organization Overview
Acton School Of Business is located in Austin, TX. The organization was established in 2005. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acton School Of Business 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 12/2023, Acton School Of Business generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $555.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 9 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
PREPARES TALENTED ENTREPRENEURS AND OTHER WORLD CHANGERS AGES 6 THROUGH 66 USING A LEARNER-DRIVEN APPROACH TO DELIVER INSPIRATION AND HANDS-ON LEARNING THROUGH DISTRIBUTED CLASSROOMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023 THE ACTON SCHOOL OF BUSINESS (ASB) USED THE DISRUPTION OF THE COVID NATIONAL EMERGENCY (WHICH ENDED MAY 11TH, 2023) TO RETOOL ITS INNOVATIVE EDUCATIONAL PROGRAMS, WHICH HAVE INCLUDED THE NATION'S FIRST ONE YEAR MBA PROGRAM, A CONTINUED PUSH FOR INNOVATIVE IN-PERSON DELIVERY THAT DROVE PROGRAM COSTS FROM $65,000 TO $16,500 PER STUDENT PER YEAR AND A TRANSITION TO THE ACTON NGA, OR ACTON NEXT GREAT ADVENTURE PROGRAM. IN THE FLAGSHIP NGA PROGRAM IN 2023, DESPITE COVID RESTRICTIONS, ASB SERVED 186 STUDENTS IN 310 COURSES, RESULTING IN THE AWARDING OVER $18,000 IN NGA FELLOWSHIPS TO 18 FELLOWS. IN MOST CASES, THE COURSES WERE TAUGHT AND/OR FACILITATED BY ASB PROFESSOR JEFF SANDEFER OR TEACHERS (GUIDES) AT ACTON ACADEMY CAMPUSES. OVER $350,000 IN 2023 INVESTMENTS TO THE NGA PLATFORM AND CURRICULUM WILL PREPARE FOR CONTINUED GROWTH IN 2024 AND BEYOND. IN THE FIRST PART OF 2024, AN ADDITIONAL $207,805 IN FELLOWSHIPS HAVE BEEN AWARDED TO 56 STUDENTS WHO COMPLETED THE NGA PROGRAM, AND PILOTS HAVE BEEN COMPLETED, LAUNCHED OR ARE IN THE PLANNING STAGES FOR 2024-25 WITH UNIVERSIDAD FRANISCO MARROQUIN (THE HOST OF THE ACTON MBA) THE LDS CHURCH AND A MAJOR NOT-FOR-PROFIT GROUP SERVING UNDERSERVED TEENS. OUR LONG-TERM GOAL IS FOR THE NGA PROGRAM TO BE OFFERED TO THOUSANDS OF STUDENTS IN HUNDREDS OF CITIES, SIMILAR TO THE SUCCESSES WE'VE HAD SUPPORTING THE ACTON CHILDREN'S BUSINESS FAIRS AND ACTON ACADEMY CAMPUSES IN HUNDREDS OF CITIES AROUND THE WORLD. DURING 2023 ACTON SCHOOL OF BUSINESS CO-FOUNDER JEFF SANDEFER AND HIS WIFE LAURA WERE AWARDED THE PRESTIGIOUS SIMON-DEVOS PRIZE FOR PHILANTHROPY FOR THEIR WORK IN EDUCATION, INCLUDING THE ASB'S CHILDREN'S BUSINESS FAIRS WHICH HAVE PROVIDED ENTREPRENEURIAL EDUCATIONAL PROGRAMS FOR OVER 62,000 STUDENTS IN 24 COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff D Sandefer President / Treasurer | OfficerTrustee | 3 | $0 |
John Lawson Secretary | OfficerTrustee | 0.1 | $0 |
Juan Bonifasi Trustee | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edward Mathis Programming Services | 12/30/22 | $119,427 |
Lauren Stauss Programming Services | 12/30/22 | $111,645 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,292,961 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,139 |
| Noncash contributions included in lines 1a–1f | $3,242,961 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,312,100 |
| Total Program Service Revenue | $0 |
| Investment income | $509,430 |
| 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 | $3,823,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,440 |
| Grants and other assistance to domestic individuals. | $57,250 |
| 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 | $51,847 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,719 |
| Fees for services: Accounting | $31,229 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,626 |
| Fees for services: Other | $54,575 |
| Advertising and promotion | $176,959 |
| Office expenses | $2,032 |
| Information technology | $15,469 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $384 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,675 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,890 |
| All other expenses | $77 |
| Total functional expenses | $555,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,639 |
| Savings and temporary cash investments | $421,722 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $142 |
| 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 | $10,767 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $26,902,931 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,971,863 |
| Total assets | $79,464,064 |
| Accounts payable and accrued expenses | $19,704 |
| 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 | $0 |
| Total liabilities | $19,704 |
| Net assets without donor restrictions | $79,444,360 |
| 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 | $79,464,064 |
Grants Awarded
Over the last fiscal year, Acton School Of Business has awarded $50,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PLAYERS PHILANTHROPY FUND DBA ALLIANCE FOR REDUCING MICROBIAL RESISTANCE PURPOSE: HELP FUND THIS ADVOCACY ORGANIZATION IN COMBATING THE GROWING THREAT OF ANTIMICROBIAL RESISTANCE. | $10,000 |
FRIENDS OF UFM INC PURPOSE: SUPPORT THE WORK OF THE UNIVERSIDAD FRANCISCO MARROQUIN OF GUATEMALA CITY, GUATEMALA TO TEACH AND DISSEMINATE THE ETHICAL, LEGAL, AND ECONOMIC PRINCIPLES OF A SOCIETY OF A FREE AND RESPONSIBLE PEOPLE. | $40,000 |