Academy Of America

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 386525613 ✦ Southfield, MI ✦ Designated as a 501(c)(3)

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Overview

What is Academy Of America?

The Academy of America is a nonprofit organization situated in Southfield, Michigan, specifically at 5000 Town Center Suite 2901. Its primary mission is to provide educational opportunities for economically disadvantaged youths, spanning from elementary school to college level. They aim to establish and operate accredited schools, offering educational facilities, and fostering an entrepreneurial spirit in economically deprived students. The Academy's activities include operating educational institutions and offering programs to economically deprived students and college students. In total, the organization employs 5 dedicated individuals in this noble pursuit.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 86%, Three-Star out of Four Star rating

The Academy of America has received an 86% overall score, which translates to a Three-Star rating on Charity Navigator. This score reflects a strong emphasis on Accountability & Finance, indicating that the organization effectively manages its resources and maintains transparency. The high percentage of independent board members and the presence of an Audit and Oversight Committee further demonstrate good governance practices.

Strengths are highlighted by the charity's excellent performance in program expense ratio, where it allocates 93.84% of its expenses directly to its programs. Additionally, the organization has no material diversion of assets, indicating that all resources are being utilized for their intended purposes. These factors contribute positively to its rating and suggest a commitment to mission-driven work.

While the organization shows strong indicators of financial health and accountability, the rating is solely based on financial metrics. Potential donors and supporters may wish to seek additional information on the organization's program impact and community engagement to gain a fuller understanding of its effectiveness beyond financial measures.


This AI summary has been generated from information found on Charity Navigator.

Is Academy Of America legitimate?

Academy Of America is a legitimate nonprofit organization registered as a 501(c)(3) entity. Academy Of America submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $92,776
Professional Fundraising Fees: $0
Other Salaries and Wages: $105,347

For more financial information, click here

What is the mission statement of Academy Of America?

The Academy of America's mission is centered around creating, establishing, and operating accredited schools for students from grades K through twelve, particularly focusing on those from economically disadvantaged backgrounds. Additionally, the organization operates educational institutions to foster entrepreneurial spirit among these youth. Their activities include providing educational facilities and programs for economically deprived students, extending to college level education as well.

Who is the CEO of Academy Of America?

Andrew Burks is the President of Academy Of America.

What is the revenue of Academy Of America?

Academy Of America's revenue in 2022 was $513,146.

Who are the executives of Academy Of America and what are their salaries?

The average compensation at Academy Of America during 2022 was $39,625. There are 5 employees at Academy Of America.


Here are 6 key members and their salaries:


Lecester L Allen (President)
  • Compensation: $57,576
  • Related: $0
  • Other: $0
Mattie L Allen (Vice Preside)
  • Compensation: $35,200
  • Related: $0
  • Other: $0
Denise Bennett (Director/Vic)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathalia Brooks (Director/Sec)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Cecil Poe (Director/Cha)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Burks (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Academy Of America?

Academy Of America's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Academy Of America

The Academy of America, a nonprofit organization, is dedicated to creating, establishing, and operating accredited schools and educational institutions. Their primary mission is to provide educational facilities for economically deprived students, ranging from grades K through twelve. This mission extends beyond just offering education; the Academy also aims to cultivate the entrepreneurial spirit in these economically disadvantaged youth. By starting and operating educational institutions, the Academy of America seeks to empower its students, providing them with a solid educational foundation and fostering an environment that encourages innovation and self-reliance.

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Impact




July, 2024

The impact of Academy Of America can be seen in its dedication to providing educational opportunities for economically deprived students in Southfield, MI. By establishing and operating accredited schools for students in grades K through twelve, the organization is enabling these youths to access quality education and cultivate their entrepreneurial spirit. Through its education programs, Academy Of America is empowering economically deprived students and college students to overcome barriers and strive for success in their academic and professional endeavors. This commitment is not only changing individual lives but also contributing to the overall upliftment of the community.




This information is meant to be a general summary of Academy Of America. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$513,146 (2022)
Expenses
$2,002,100 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$6,439
  • Program Service Revenue: -$61,415
  • Gross Receipts: $542,168

Assets and Liabilities:

  • Total Assets: $12,119,652
  • Total Liabilities: $2,102,350
  • Net Assets: $10,017,302

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

OTHER FEES

Revenue

$368,000

OTHER FEES

Revenue

$365,763

OTHER FEES

Revenue

$27,000

EDUCATION ENTITIES

Revenue

$18,000

OTHER FEES

Revenue

-$840,178

Organization Details

Founding Year

1984

Principal Officer

Andrew Burks

Main Address

5000 TOWN CENTER SUITE 2901, SOUTHFIELD, MI, 48075

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