10x Academy Foundation
- Assets
- $202.4k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Escondido, CA
- Founding
- Data as of
- 12/2022
- EIN
- 86-1722293
Organization Overview
10x Academy Foundation is located in Escondido, CA. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 12/2022, 10x Academy Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 10x Academy Foundation 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, 10x Academy Foundation generated $1.5m in total revenue. All expenses for the organization totaled $1.4m during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
10X PROJECT PROVIDES EDUCATIONAL SERVICES TO UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SERVICES TO UNDERSERVED COMMUNITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garrett D Pagon III Excutive Dir/treasurer | OfficerTrustee | 10 | $0 |
John Estridge Director/secretary | OfficerTrustee | 10 | $0 |
Steven Martin Director/vice-President | OfficerTrustee | 10 | $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 | $1,540,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,540,000 |
| Total Program Service Revenue | $1,336 |
| Investment income | $8 |
| 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 | $1,541,344 |
| 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 | $415,697 |
| Pension plan accruals and contributions | $3,500 |
| Other employee benefits | $101,017 |
| Payroll taxes | $167,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,609 |
| Fees for services: Accounting | $24,573 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,652 |
| Advertising and promotion | $74,448 |
| Office expenses | $16,124 |
| Information technology | $52,116 |
| Royalties | $0 |
| Occupancy | $256,750 |
| Travel | $9,335 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,993 |
| Interest | $114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,066 |
| Insurance | $25,504 |
| All other expenses | $30,308 |
| Total functional expenses | $1,440,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,988 |
| 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 | $3,319 |
| Net Land, buildings, and equipment | $56,173 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,873 |
| Other assets | $29,000 |
| Total assets | $202,353 |
| Accounts payable and accrued expenses | $7,823 |
| 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 | $7,823 |
| 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 | $194,530 |
| Total liabilities and net assets/fund balances | $202,353 |