Ifapp Academy Inc
- Assets
- $1.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2017
- Data as of
- 12/2021
- EIN
- 81-3795354
Organization Overview
Ifapp Academy Inc is located in New York, NY. The organization was established in 2017. According to its NTEE Classification (B60) the organization is classified as: Adult Education, 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. Ifapp 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 12/2021, Ifapp Academy Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 58.2% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 39.8% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE AND SUPERVISE MEDICAL CONTINUING PROFESSIONAL DEVELOPMENT EDUCATION PROGRAMS, PRIMARILY RELATED TO THE DISCIPLINES OF PHARMACEUTICAL MEDICINE AND ITS DOMAINS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP EDUCATIONAL PROGRAMS TO ENHANCE THE KNOWLEDGE, EXPERTISE AND SKILLS OF PHARMACEUTICAL PHYSICIANS AND BIOMEDICAL PROFESSIONALS INVOLVED IN MEDICINE DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Honorio Silva President | Trustee | 60 | $94,000 |
Gustavo Kesselring Vice President | Trustee | 5 | $72,000 |
Gerfried Nell Treasurer | Trustee | 5 | $0 |
Lewis A Miller Deputy Treasurer | Trustee | 5 | $0 |
Anna Jurckzynska Secretary | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Light Ten Llc Operations | 12/30/21 | $442,130 |
Media Cause Marketing | 12/30/21 | $105,229 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,686,349 |
| 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 | $1,686,349 |
| 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. | $166,000 |
| 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 | $9,618 |
| Fees for services: Accounting | $16,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $299,228 |
| Advertising and promotion | $74,771 |
| Office expenses | $0 |
| Information technology | $77,890 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,437 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,680 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $14,763 |
| Total functional expenses | $1,338,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,079,741 |
| 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 | $1,079,741 |
| 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 | $177,209 |
| Total liabilities | $177,209 |
| Net assets without donor restrictions | $0 |
| 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 | $902,532 |
| Total liabilities and net assets/fund balances | $1,079,741 |
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|---|---|---|
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Leading Edge Alliance Inc New York, NY | $10,397,327 | $8,264,467 |
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Chronic Liver Disease Foundation Inc Clark, NJ | $1,027,147 | $3,658,520 |
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