Admissionsquad Inc
- Assets
- $254.5k
- Revenue
- $119.6k
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 01/2017
- Data as of
- 12/2022
- EIN
- 47-4519497
Organization Overview
Admissionsquad Inc is located in New York, NY. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Admissionsquad Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Admissionsquad 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 12/2022, Admissionsquad Inc generated $119.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $188.7k during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A NONPROFIT ORGANIZATION ON A MISSION TO GET TALENTED MIDDLE SCHOOLERS FROM UNDERREPRESENTED BACKGROUNDS INTO THE TOP 10% OF NEW YORK CITY PUBLIC HIGH SCHOOLS THROUGH TEST PREP, APPLICATION ADVISEMENT AND MENTORSHIP FROM GRADUATES OF TOP SCHOOLS AND HIGHLY SOUGHT-AFTER CAREER PATHS. FOUNDED AND DIRECTED BY TAI ABRAMS, A GRADUATE OF BRONX SCIENCE AND DUKE UNIVERSITY, THE ORGANIZATION AIMS TO CLOSE THE INFORMATION GAP FOR PARENTS AND CLOSE THE CONTENT READINESS GAP FOR STUDENTS. THE ORGANIZATION BELIEVES THAT EARLY AWARENESS AND PREPARATION CAN DRAMATICALLY CHANGE THE ADMISSIONS OUTCOME FOR PROMISING STUDENTS IN THE HIGH SCHOOL APPLICATION PROCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHSAT SUMMER AND FALL BOOT CAMP: ADMISSIONSQUAD HAS MAINTAINED AN 80% SUCCESS RATE OF PLACING TALENTED, UNDERSERVED STUDENTS INTO NEW YORK CITYS MOST HIGHLY SOUGHT-AFTER HIGH SCHOOLS. OUT OF 10 BLACK STUDENTS WHO PLACED INTO STUYVESANT HIGH SCHOOL, TWO OF THOSE STUDENTS CAME FROM ADMISSIONSQUAD. OUR STUDENTS TYPICALLY ATTEND THE FOLLOWING HIGH SCHOOLS: STUYVESANT HIGH SCHOOL, BRONX SCIENCE, BROOKLYN TECHNICAL HIGH SCHOOL, BARD EARLY COLLEGE HIGH SCHOOL, LEON M GOLDSTEIN, BEACON HIGH SCHOOL AND MIDWOODS SCREENED HIGH SCHOOL PROGRAMS. OUR STUDENTS ARE WELL PREPARED FOR THE RIGOR OF ATTENDING A TOP NYC HIGH SCHOOL.ADMISSIONSQUAD HOSTED HIGH SCHOOL ADMISSIONS WORKSHOPS BOTH IN-PERSON AND VIRTUAL FOR ALMOST 1,000 FAMILIES TO HELP CLOSE THE INFORMATION GAP FOR FAMILIES IN SCHOOL DISTRICTS THAT HAVE A LOW POPULATION OF STUDENTS MATRICULATING INTO SELECTIVE NYC HIGH SCHOOLS. THESE WORKSHOPS HELPED TO SPREAD AWARENESS TO HIGH-NEED AREAS AND HELPED TO IDENTIFY STUDENTS WITH THE ACADEMIC POTENTIAL TO PLACE INTO AN ELITE HIGH SCHOOL.
EARLY START PROGRAM: ADMISSIONSQUAD RECRUITS STUDENTS FROM 5TH, 6TH OR 7TH GRADE TO PARTICIPATE IN A TEST PREPARATION PROGRAM THAT TAKES PLACE IN THE SPRING SEMESTER AND FALL SEMESTRE OF EACH YEAR. STUDENTS RECEIVE RIGOROUS TEST PREPARATION FOR THE ANNUAL STATE EXAM AND WILL GAIN EARLY EXPOSURE TO GRADE APPROPRIATE CONCEPTS THAT ARE TESTED ON THE SPECIALIZED HIGH SCHOOL ADMISSIONS TEST (SHSAT). PARENTS ALSO RECEIVE AN OPPORTUNITY TO ATTEND PARENTS WORKSHOPS THAT PROVIDE EARLY EXPOSURE TO THE TOP HIGH SCHOOL ADMISSIONS PROCESS. EARLY START STUDENTS ARE ALSO INVITED TO PARTICIPATE IN SCHOOL VISITS AND MENTORSHIP OPPORTUNITIES TO INCREASE EXPOSURE AND BOOST CONFIDENCE IN THE PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Taiesha Abrams Chairman & CEO | OfficerTrustee | 42 | $80,000 |
Denise Colvert Secretary | OfficerTrustee | 1 | $0 |
Rodlens Dauphin Treasurer | OfficerTrustee | 1 | $0 |
Karisma Jay Director | Trustee | 1 | $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 | $53,219 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,219 |
| Total Program Service Revenue | $65,810 |
| 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 | $119,604 |
| 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. | $80,000 |
| Compensation of current officers, directors, key employees. | $8,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,139 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $40,988 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,608 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,469 |
| Advertising and promotion | $4,197 |
| Office expenses | $1,346 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,689 |
| Travel | $2,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,034 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,707 |
| All other expenses | $3,286 |
| Total functional expenses | $188,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,704 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,756 |
| 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 | $10,000 |
| Total assets | $254,460 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $254,460 |
| 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 | $254,460 |