Academy Of Financial Literacy Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chandler, AZ
- Founding
- 11/2011
- Data as of
- 12/2019
- EIN
- 27-2486430
Organization Overview
Academy Of Financial Literacy Inc is located in Chandler, AZ. The organization was established in 2011. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. Academy Of Financial Literacy 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 12/2019, Academy Of Financial Literacy Inc generated $56.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.3%) each year. All expenses for the organization totaled $58.3k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (18.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
2018 SERVICE ACCOMPLISHMENTS:IN 2018 WE PROVIDED OVER 500 PERSONALIZED BUDGET COUNSELING SESSIONS FREE OF CHARGE TO HOUSEHOLDS AND INDIVIDUALS THROUGH THE U.S. TRUSTEE BANKRUPTCY PROGRAM VALUED AT OVER $16,000. EACH COUNSELING SESSION PROVIDES DETAILED PERSONALIZED BUDGET COUNSELING SPECIFICALLY FOR EACH HOUSEHOLD TO MEET OR EXCEED THE U.S. TRUSTEE BANKRUPTCY FINANCIAL EDUCATION REQUIREMENTS. WE PROVIDED PERSONALIZED BUDGET COUNSELING TO OVER 5,000 HOUSEHOLDS AND INDIVIDUALS VIA ONE-ON-ONE TELEPHONE COUNSELING TO MEET OR EXCEED THE U.S. TRUSTEE FINANCIAL EDUCATION REQUIREMENTS. WE ALSO PROVIDED FREE OF CHARGE VIA OUR ONLINE EDUCATION WEBSITES, 4988 BUDGET & DEBT MANAGEMENT BOOKS, 4265 HOUSEHOLD BUDGET SHEETS, 3650 DEBT-TO-INCOME RATIO FORMS AND 4255 OF OUR FINANCIAL FOCUS BOOK VALUED AT OVER $90,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Day President | 65 | $39,467 | |
Irina Day Treasurer | 3 | $0 | |
Alex Alexandra Director | 1 | $0 | |
Luis Rosales Director | 1 | $0 | |
Alex Martinez Director | 1 | $0 | |
Dennis Stewart Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $56,157 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $56,157 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $42,489 |
| Professional fees and other payments to independent contractors | $7,237 |
| Occupancy, rent, utilities, and maintenance | $4,024 |
| Printing, publications, postage, and shipping | $431 |
| Other expenses | $4,138 |
| Total expenses | $58,319 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |