Atlanta Festival Academy Inc
- Assets
- $129.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Alpharetta, GA
- Founding
- 10/2018
- Data as of
- 12/2021
- EIN
- 83-1944217
Organization Overview
Atlanta Festival Academy Inc is located in Alpharetta, GA. The organization was established in 2018. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlanta Festival 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, Atlanta Festival Academy Inc generated $135.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $94.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.7%) per year over the past 3 years. 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
2021
Describe the Organization's Program Activity:
Part 3
IN 2021, OUR ORGANIZATION ACCOMPLISHED THE FOLLOWING:- SUCCESSFULLY CREATED A HIGH LEVEL CHAMBER MUSIC SUMMER PROGRAM;- PERFORMED TWO VERY SUCCESSFUL CONCERTS;- ENCOURAGED RESIDENTS OF THE JOHNS CREEK AREA TO APPRECIATE EDUCATIONAL PROGRAMS FOR YOUTH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Chang Treasurer, Dir. | 20 | $0 | |
William Pu President, Dir. | 20 | $0 | |
Wei Lin Secretary, Dir. | 20 | $0 | |
Arthur Holst Director | 20 | $0 | |
Junia Jonsdottir Director | 20 | $0 | |
Alex Pu Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,396 |
| Total Program Service Revenue | $50,584 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $134,980 |
| 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 | $30,030 |
| Occupancy, rent, utilities, and maintenance | $5,950 |
| Printing, publications, postage, and shipping | $3,639 |
| Other expenses | $55,049 |
| Total expenses | $94,668 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $129,278 |
| Other assets | $0 |
| Total assets | $129,278 |
| Total liabilities | $83,577 |
| Net assets or fund balances | $45,701 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Atlanta Festival Academy Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Chen-Lin Education & Culture Foundation Inc Sandy Springs, GA PURPOSE: CHARITABLE | $30,000 |
Peer Organizations
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|---|---|---|
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Epic-Cure Inc St Augustine, FL | $312,618 | $8,316,447 |
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National Honorary Beta Club Spartanburg, SC | $16,976,895 | $7,178,910 |
Gang Alternative Inc Miami, FL | $2,177,395 | $7,044,505 |
Girls On The Run International Charlotte, NC | $10,723,648 | $6,480,865 |
Tennessee Soccer Club Inc Brentwood, TN | $2,122,655 | $5,672,715 |
Big Brothers And Big Sisters Of Greater Miami Miami, FL | $13,886,069 | $6,863,222 |
Pga Tour Charities Inc Ponte Vedra Beach, FL | $3,965,513 | $4,568,205 |
Corners Outreach Inc Peachtree Corners, GA | $1,471,202 | $3,739,961 |
Project Lift Inc Palm City, FL | $4,577,307 | $5,295,911 |
Horizons Atlanta Inc Atlanta, GA | $3,035,876 | $3,541,460 |