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Academy For Creating Enterprise

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

EIN: 870641040 ✦ Lehi, UT ✦ Designated as a 501(c)(3)

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Overview

What is Academy For Creating Enterprise?

The Academy for Creating Enterprise is a nonprofit organization based in Lehi, Utah. Their primary mission is to ignite an entrepreneurial mindset in faith-driven individuals, aiding them in creating more prosperous lives. They achieve this by offering training and support. By the end of 2022, 853 chapters were operating worldwide, with 489 training sessions held that year, teaching 34,377 students. The majority of their annual budget, approximately 79%, was dedicated to chapter training and support. In 2022, these chapters operated in various countries, including the Philippines, Mexico, Brazil, and others, leading to the formation of 7,323 new income-generating activities. The Academy also celebrates members' achievements through annual awards and provides webinars, engaging 129,011 attendees throughout the year. The nonprofit currently employs 11 individuals.


Official website here: www.the-academy.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 100%, Four-Star out of Four Star rating.

The Academy For Creating Enterprise has achieved a perfect score of 100%, demonstrating strong financial accountability and transparency. The organization boasts an impressive Accountability & Finance score of 74%, with 100% of its board members being independent and an excellent financial oversight track record. The program expense ratio of 80.11% indicates a strong commitment to directing funds towards its mission.

In terms of organizational culture and leadership, the Academy has also scored exceptionally well, with perfect ratings in both categories. The organization has shown a commitment to leadership development, and its adaptability during the COVID-19 pandemic has enhanced its operational efficiency and outreach. These strengths align with the charity's mission to create positive community impacts.

However, despite the strong ratings across various criteria, the overall score reflects lower performance in the Leadership & Adaptability and Culture & Community categories compared to Accountability & Finance. This indicates areas where the organization may still have room for improvement, particularly in how it communicates and engages with its community and stakeholders.


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

Is Academy For Creating Enterprise legitimate?

Academy For Creating Enterprise is a legitimate nonprofit organization registered as a 501(c)(3) entity. Academy For Creating Enterprise 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: $132,889
Professional Fundraising Fees: $0
Other Salaries and Wages: $494,649

For more financial information, click here


Official website here: www.the-academy.org

What is the mission statement of Academy For Creating Enterprise?

The Academy for Creating Enterprise aims to inspire an entrepreneurial mindset in faith-driven individuals, facilitating their journey towards financial independence through training and support. Their mission is accomplished primarily through international programs that utilize chapter networks. By the end of 2022, 853 such chapters were operational, offering training sessions to 34,377 students. A significant portion of their annual budget, around 79%, is allocated towards chapter training and support. In 2022, these chapter programs operated in various countries, including the Philippines, Mexico, Brazil, and others. The Academy also organizes events such as the Annual Academy Awards to celebrate members' achievements, hosts webinars, and supports the formation of new income-generating activities, totaling 7,323 new small businesses in 2022.


Official website here: www.the-academy.org

Who is the CEO of Academy For Creating Enterprise?

Robert Heyn is the Board Chair of Academy For Creating Enterprise. The CEO's salary of Academy For Creating Enterprise is $132,889 and their total compensation is $135,953.


Official website here: www.the-academy.org

What is the revenue of Academy For Creating Enterprise?

Academy For Creating Enterprise's revenue in 2022 was $1,724,590.


Official website here: www.the-academy.org

Who are the executives of Academy For Creating Enterprise and what are their salaries?

The average compensation at Academy For Creating Enterprise during 2022 was $57,049. There are 11 employees and 3376 volunteers at Academy For Creating Enterprise.


Here are 13 key members and their salaries (Academy For Creating Enterprise's CEO's salary is $132,889 and their total compensation is $135,953):


Shaun Ritchie (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven J Andersen (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Louden (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Swenson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jolene Swenson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen W Gibson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Harbertson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leslie Layton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reyna Aburto (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Holmes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Taylor (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Heyn (Ceo)
  • Compensation: $132,889
  • Related: $0
  • Other: $3,064
Joseph Hansen (Development)
  • Compensation: $112,932
  • Related: $0
  • Other: $2,955


Official website here: www.the-academy.org

Where can I find the form 990 for Academy For Creating Enterprise?

Academy For Creating Enterprise's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.the-academy.org

Learn more at the official website: www.the-academy.org

Mission Statement of Academy For Creating Enterprise

The Academy for Creating Enterprise, a nonprofit organization, is dedicated to inspiring an entrepreneurial mindset in faith-driven individuals. Their mission is achieved through providing training and support, with the ultimate goal of helping these individuals create more prosperous lives for themselves. The organization dedicates a significant portion of its annual budget to supporting and training its member chapters, which in turn assist their members in becoming financially independent. By the end of 2022, 853 chapters were operational, having conducted 489 training sessions that year, educating a total of 34,377 students. The Academy for Creating Enterprise's programs operated in various countries, including the Philippines, Mexico, Brazil, and others, resulting in the formation of 7,323 new income-generating activities by chapter members. The organization also recognizes the achievements of its members through the Annual Academy Awards, celebrating their successes throughout the year.

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Impact




July, 2024

The Academy For Creating Enterprise ignites the entrepreneurial mindset in faith-driven individuals through training and support to create more abundant lives. By the end of 2022, a total of 853 chapters were operating in several countries, including the Philippines, Mexico, Brazil, and Ghana. In that year alone, 34,377 students were trained through 489 training sessions.

Additionally, the organization facilitated the formation of 7,323 new income-generating activities (small businesses) by chapter members in 2022. This highlights the tangible impact of the Academy in empowering individuals to become financially independent and create economic opportunities for themselves.

The Academy also conducted 592 webinars with a total of 129,011 attendees, showcasing their commitment to reaching and educating a wide audience. Overall, the organization's efforts have led to a significant number of individuals being equipped with the skills and knowledge needed to thrive as entrepreneurs, positively impacting their lives and communities.




This information is meant to be a general summary of Academy For Creating Enterprise. 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
$1,724,590 (2022)
Expenses
$2,036,527 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $4,593
  • Gross Receipts: $1,724,590

Assets and Liabilities:

  • Total Assets: $4,780,795
  • Total Liabilities: $109,804
  • Net Assets: $4,670,991

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Organization Details

Founding Year

1999

Principal Officer

Robert Heyn

Main Address

PO BOX 299, LEHI, UT, 84043

NTEE Category

Code: Q300 - International

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