10 Academy Corp
- Assets
- $620.0k
- Revenue
- $557.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Clara, CA
- Founding
- Data as of
- 12/2023
- EIN
- 86-3368596
Organization Overview
10 Academy Corp is located in Santa Clara, CA. 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. 10 Academy Corp 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, 10 Academy Corp generated $557.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 38.7% each year . All expenses for the organization totaled $133.0k during the year ending 12/2023. While expenses have increased by 35.3% per year over the past 3 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
BUILDING AFRICA'S WORKFORCE IN ARTIFICIAL INTELLIGENCE, GENERATIVE AI, WEB3/BLOCKCHAIN, INTERNET OF THINGS AND QUANTUM COMPUTING BY IDENTIFYING, TRAINING AND LAUNCHING THE CAREERS OF BRILLIANT YOUNG PEOPLE IN AFRICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTENSIVE TRAINING OF 53 HIGHLY QUALIFIED YOUNG AFRICANS FROM 7 AFRICAN COUNTRIES, OF WHICH 31% WERE WOMEN. EACH TRAINEE RECEIVED 700 HOURS OF TRAINING, TOOK PART IN 27 MOTIVATIONAL GUEST TALKS, SUBMITTED 19 TECHNICAL CHALLENGES AND 42 CAREER EXERCISES. TRAINEES WERE SELECTED FROM AMONG 2000 APPLICANTS.
DEVELOPMENT OF AN AI-ENABLED TEACHING-LEARNING PLATFORM, USING AI GRADING, FEEDBACK TO STUDENTS, COMPETENCY TRACKING AND STUDENTS-AT-RISK DETECTION.
DEVELOPMENT OF A LARGE-SCALE TRAINING PROGRAM TO PROVIDE SKILLS AS AN AI USER TO YOUTH IN AFRICA WITHOUT ANY PRE-REQUISITE KNOWLEDGE REQUIRED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arun Sharma Managing Director | Officer | 20 | $48,000 |
Yabebal Fantaye Scientific Director | Officer | 20 | $48,000 |
Samuel Fantaye President | Trustee | 1 | $0 |
Dorothy Nyambi Director | Trustee | 1 | $0 |
Jacques Kotze Director | Trustee | 1 | $0 |
Johanna Rapp 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 | $545,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $545,000 |
| Total Program Service Revenue | $12,742 |
| Investment income | $1 |
| 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 | $557,743 |
| 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 | $2,751 |
| 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 | $72,001 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,556 |
| Advertising and promotion | $492 |
| Office expenses | $0 |
| Information technology | $7,547 |
| Royalties | $0 |
| Occupancy | $7,804 |
| Travel | $586 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $228 |
| Total functional expenses | $132,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $440,705 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,868 |
| 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 | $123,426 |
| Other assets | $0 |
| Total assets | $619,999 |
| Accounts payable and accrued expenses | $21,833 |
| 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 | $21,833 |
| Net assets without donor restrictions | $598,166 |
| 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 | $619,999 |