Directors Academy Inc
- Assets
- $739.0k
- Revenue
- $377.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Fernandina Beach, FL
- Founding
- 09/2016
- Data as of
- 12/2023
- EIN
- 81-3228776
Organization Overview
Directors Academy Inc is located in Fernandina Beach, FL. The organization was established in 2016. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Directors Academy 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 12/2023, Directors Academy Inc generated $377.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $122.0k during the year ending 12/2023. While expenses have increased by 8.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR PURPOSE IS TO IDENTIFY, DEVELOP AND ADVANCE THE NEXT GENERATION OF DIVERSE BOARD MEMBERS AND FUTURE BOARD LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEXTGEN DIRECTOR PROGRAM THE ACADEMY PROVIDES CORPORATE GOVERNANCE EDUCATION AND TRAINING FOR FUTURE CORPORATE BOARD MEMBERS FROM DIVERSE BACKGROUNDS WHO ARE UNDERREPRESENTED ON BOARDS OF DIRECTORS VIA A NEXTGEN DIRECTOR PROGRAM TO BETTER PREPARE THEMSELVES FOR THEIR FIRST CORPORATE BOARD EXPERIENCE. THE PROGRAM IS PRACTITIONER LED WITH A FACULTY OF 15-20 EXPERIENCED BOARD LEADERS FROM A WIDE VARIETY OF PUBLIC AND PRIVATE COMPANIES. THE TWO DAY PROGRAM COVERS A FULL RANGE OF CORPORATE DIRECTOR DUTIES AND RESPONSIBILITIES, THE WORK OF THE FULL BOARD AND EACH BOARD COMMITTEE, INTERACTIVE BOARD CASES AND GOVERNANCE BEST PRACTICE EXCHANGE. IN ADDITION, THE CLASS PARTICIPANTS REFINE THEIR BOARD VALUE PROPOSITIONS AND MEET WITH BOARD LEADERS TO BROADEN THEIR NETWORK AND SHARPEN THEIR ABILITY TO CONNECT WITH KEY DECISION MAKERS. AS PART OF THE PROGRAM, EACH CLASS MEMBER IS PROVIDED AN OPPORTUNITY TO BUILD RELATIONSHIPS WITH EXISTING BOARD LEADERS AND FURTHER REFINE THEIR SPECIFIC BOARD INTERESTS. WE PLAN TO IDENTIFY AND DEVELOPE APPROXIMATELY 100 FUTURE DIVERSE DIRECTORS EACH YEAR ACROSS THE U.S.
BOARD LEADERS PROGRAM THE BOARD LEADERS PROGRAM IS DESIGNED TO ACCELERATE THE ADVANCEMENT OF DIVERSE DIRECTORS INTO BOARD LEADERSHIP ROLES. THE PROGRAM WILL BE COMPRISED OF CURRENT DIVERSE BOARD MEMBERS WHO ASPIRE TO BECOME FUTURE BOARD COMMITTEE CHAIRS, LEAD DIRECTORS AND CHAIRMAN OF THE BOARD. EACH CLASS CURRICULUM INCLUDES EXPOSURE TO A COMPREHENSIVE BOARD LEADERSHIP MODEL THAT INCLUDES KEY STRUCTURAL, OPERATIONAL AND CULTURAL DRIVERS OF BOARD PERFORMANCE - FOR THE FULL BOARD AND EACH COMMITTEE. THE CURRICULUM INCORPORATES A STRONG SHAREHOLDER-CENTRIC FOCUS AND THE BENEFITS OF A PURPOSE-DRIVEN BUSINESS MODEL. THE PROGRAM WILL BE LED BY A GROUP OF CURRENT PUBLIC AND PRIVATE COMPANY BOARD LEADERS WITH SIGNIFICANT CORPORATE GOVERNANCE EXPERIENCE. OVER TIME, THE BOARD LEADERS PROGRAM WILL BECOME INTEGRATED WITH THE NEXTGEN DIRECTORS PROGRAM TO PROVIDE A SEAMLESS DEVELOPMENT PROCESS FOR FUTURE DIVERSE BOARD MEMBERS.
CORPORATE GOVERNANCE RESEARCH THE ACADEMY CONDUCTS CORPORATE GOVERNANCE BEST PRACTICE BENCHMARKING AND OTHER RESEARCH INITIATIVES FOR A VARIETY OF BOARD TYPES AND INDUSTRY SECTORS. THE RESEARCH EFFORTS ARE DESIGNED TO ENHANCE BOARD PERFORMANCE AND OVERALL ENTERPRISE VALUE CREATION CAPTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James D White Chairman | OfficerTrustee | 4 | $0 |
Keith Meyer President | OfficerTrustee | 15 | $0 |
Niko Canner Director | Trustee | 1 | $0 |
Christine Heckart Director | Trustee | 1 | $0 |
Heather Hiles Director | Trustee | 1 | $0 |
Susan Levine 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 | $250,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,000 |
| Total Program Service Revenue | $127,142 |
| 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 | $377,142 |
| 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 | $0 |
| 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 | $4,309 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $144 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,160 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103,221 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,289 |
| All other expenses | $74 |
| Total functional expenses | $122,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $739,027 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $739,027 |
| Accounts payable and accrued expenses | $735 |
| 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 | $735 |
| Net assets without donor restrictions | $738,292 |
| 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 | $739,027 |