Overview
What is Isteam Academy Inc?
Isteam Academy Inc is a nonprofit organization that incurs significant expenses in various areas. They record a depreciation amount of $4,482 from 4562, and their operational expenses amount to $25,214. For promoting their services, they allocate a budget of $1,999 towards marketing. Competition in their field necessitates additional expenditures totaling $28,564. Furthermore, they are responsible for making a tax payment of $10,269. While the specific activities or mission of Isteam Academy is not detailed in the provided information, it is clear that they are engaged in managing various financial aspects.
Is Isteam Academy Inc legitimate?
Isteam Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Isteam Academy Inc submitted a form 990EZ, 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.
What is the mission statement of Isteam Academy Inc?
Isteam Academy Inc's primary focus involves managing various financial obligations and expenses. The organization records a depreciation amount of $4,482 from an asset with the identifier 4562. Their operational expenses amount to $25,214, with a portion of $1,999 allocated for marketing efforts. The academy also incurs additional costs of $28,564 in competing with other entities. Lastly, they are responsible for a tax payment of $10,269. Although this information does not directly provide a mission statement, it suggests that Isteam Academy Inc is engaged in managing its financial resources effectively to carry out its operations and compete in its respective field.
Who is the CEO of Isteam Academy Inc?
Xiangbo Meng is the President of Isteam Academy Inc.
What is the revenue of Isteam Academy Inc?
Isteam Academy Inc's revenue in 2022 was $196,865.
Who are the executives of Isteam Academy Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for Isteam Academy Inc?
Isteam Academy Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Isteam Academy Inc
Isteam Academy Inc, as per the provided information, is primarily focused on managing and recording depreciation expenses of a certain asset numbered 4562, amounting to 4,482 dollars. Beyond this, the organization manages operational expenses totaling 25,214 dollars, allocating a portion of it, specifically 1,999 dollars, towards marketing efforts. Furthermore, Isteam Academy Inc incurs additional costs in its pursuit to compete effectively with other entities, totaling 28,564 dollars. Lastly, the organization is responsible for paying taxes, amounting to 10,269 dollars. While this information does not provide a clear mission statement for Isteam Academy Inc, it suggests that the organization is involved in financial management, marketing, and tax compliance.
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Impact
October, 2024
Isteam Academy Inc has a significant impact in its community through its operational and marketing strategies, ensuring that resources are allocated effectively to support its mission. With a focus on extensive management of operating expenses totaling $25,214, the organization prioritizes financial sustainability while investing $1,999 in marketing efforts to raise awareness and support for its initiatives.
The additional competition costs of $28,564 demonstrate a commitment to maintaining a competitive edge in its field, enabling Isteam Academy to enhance its offerings and reach more individuals. Furthermore, the responsibility for a tax payment of $10,269 reflects accountability and compliance within the regulatory framework, contributing to the organization's credibility and stability.
Through these financial management strategies, Isteam Academy Inc is positioned to create a meaningful impact, fostering educational opportunities and enriching the lives of those it serves in Lexington, MA.
This information is meant to be a general summary of Isteam Academy Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $196,650
- Gross Receipts: $196,865
Assets and Liabilities:
- Total Assets: $11,121
- Total Liabilities: $0
- Net Assets: $11,121
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Organization Details
Principal Officer
Xiangbo Meng
Main Address
14 Hastings Rd, Lexington, MA, 02421
NTEE Category
Code: Z99 - Unknown
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