The Achievement Fund Inc
- Assets
- $252.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Old Greenwich, CT
- Founding
- 01/2018
- Data as of
- 12/2020
- EIN
- 82-1433029
Organization Overview
The Achievement Fund Inc is located in Old Greenwich, CT. The organization was established in 2018. 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. Achievement Fund 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 12/2020, Achievement Fund Inc generated $174.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 28.9% each year . All expenses for the organization totaled $114.8k during the year ending 12/2020. 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
2020
Describe the Organization's Program Activity:
Part 3
THE SPECIFIC PURPOSE FOR WHICH THE CORPORATION IS INITIALLY ORGANIZED IS TO BE A COMMUNITY DEVELOPMENT ORGANIZATION SERVING OUR LOCAL COMMUNITY BY ENGAGING IN A BROAD RANGE OF STRATEGIES THAT PROMOTE COMMUNITY HEALTH, EDUCATION, AND DEVELOPMENT AND TO ALSO ENGAGE IN ACTIVITIES WHICH ARE NECESSARY, SUITABLE OR CONVENIENT FOR THE ACCOMPLISHMENT OF THAT PURPOSE, OR WHICH ARE INCIDENTAL THERETO OR CONNECTED THEREWITH WHICH ARE CONSISTENT WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Sandor Treasurer | 0 | $0 | |
Michael MA President | 0 | $0 | |
Xintian Dong Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $170,000 |
| Total Program Service Revenue | $254 |
| Membership dues | $0 |
| Investment income | $4,286 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $174,540 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $114,774 |
| Total expenses | $114,774 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $252,230 |
| Other assets | $0 |
| Total assets | $252,230 |
| Total liabilities | $0 |
| Net assets or fund balances | $252,230 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Achievement Fund Inc has recieved totaling $63.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $63 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uncommon Schools Inc New York, NY | $293,550,038 | $84,601,875 |
Amsterdam House Continuing Care Retirement Community Inc Port Washington, NY | $223,728,704 | $36,044,280 |
Sponsors For Educational Opportunity Inc New York, NY | $71,324,699 | $43,724,114 |
The Achievement Network Ltd Boston, MA | $23,559,572 | $30,118,976 |
Leadership For Educational Equity New York, NY | $8,736,194 | $32,582,451 |
Foundation For City College New York, NY | $332,549,861 | $102,453,904 |
Saga Innovations Framingham, MA | $30,229,601 | $39,236,690 |
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |