Academy Of America
- Assets
- $13.9m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Southfield, MI
- Founding
- 09/1988
- Data as of
- 06/2021
- EIN
- 38-6525613
Organization Overview
Academy Of America is located in Southfield, MI. The organization was established in 1988. 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 06/2021, Academy Of America employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of America 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 06/2021, Academy Of America generated $2.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATIONAL FACILITIES FOR STUDENTS GRADES K THROUGH TWELVE FOR ECONOMICALLY DEPRIVED STUDENTS.
Describe the Organization's Program Activity:
START-UP AND OPERATION OF EDUCATIONAL INSTITUATIONS FOR ECONOMICALLY DEPRIVED YOUTHS. EDUCATION PROGRAMS FOR ECONOMICALLY DEPRIVED STUDENTS AND COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lecester L Allen President | Officer | 20 | $68,045 |
Mattie L Allen Vice Preside | Officer | 30 | $41,600 |
Paul Bradley Director/vic | OfficerTrustee | 1 | $0 |
Nathalia Brooks Director/sec | OfficerTrustee | 1 | $0 |
Dr Cecil Poe Director/cha | OfficerTrustee | 1 | $0 |
Andrew Burks Vice Preside | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,145,588 |
| Government grants | $63,333 |
| 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 | $1,208,921 |
| Total Program Service Revenue | $798,733 |
| Investment income | $8 |
| 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 | $2,007,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50 |
| 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. | $109,645 |
| Compensation of current officers, directors, key employees. | $41,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,068 |
| Pension plan accruals and contributions | -$391 |
| Other employee benefits | $49,456 |
| Payroll taxes | $18,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $374 |
| Fees for services: Accounting | $73,934 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,814 |
| Advertising and promotion | $0 |
| Office expenses | $60,653 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $142,505 |
| Travel | $34,940 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $95,987 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $745,135 |
| Insurance | $0 |
| All other expenses | $63,775 |
| Total functional expenses | $2,138,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,072 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $37,468 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $435,551 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,490 |
| Net Land, buildings, and equipment | $11,727,022 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,589,486 |
| Total assets | $13,935,089 |
| Accounts payable and accrued expenses | $506,889 |
| 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 | $1,760,876 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $138,826 |
| Total liabilities | $2,406,591 |
| Net assets without donor restrictions | $11,528,498 |
| 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 | $13,935,089 |
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|---|---|---|
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Canterbury School Inc Fort Wayne, IN | $14,789,368 | $17,058,422 |
Roeper City & Country School Inc Bloomfield Hills, MI | $31,989,087 | $17,945,828 |
Milwaukee Science Education Consortium Inc Milwaukee, WI | $22,408,763 | $18,701,164 |
Maumee Valley Country Day School Toledo, OH | $12,782,081 | $15,512,286 |
Prairie School Inc Racine, WI | $75,801,246 | $20,722,980 |
Indian Community School Inc Franklin, WI | $820,604,355 | $21,906,582 |
Open Sky Education Inc Waukesha, WI | $15,604,401 | $16,173,980 |
Education Alternatives Brookpark, OH | $13,453,340 | $14,163,936 |
International School Of Indiana Inc Indianapolis, IN | $30,599,387 | $14,343,989 |
Tri-County Council For Child Development Paw Paw, MI | $1,444,803 | $12,083,268 |
Drexel Foundation For Educational Excellence Inc Gary, IN | $18,665,189 | $12,462,506 |