Akademic Foundation Inc

990EZ • Fiscal year 2017 • EIN 02-0572208

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 21, 2018

Organization Profile N/A

PO Box 101231Fort Lauderdale, FL 33310

(954) 673-0738

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

37%

Higher net margin than 87% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

2.2%

Faster asset growth than 50% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2017

17%

Faster revenue growth than 70% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2017

Balance Sheet

Liabilities / Assets56th percentile

Assets

$16,627

Up $1,030 (+6.6%) from 2014

Net Assets

$16,627

No earlier filing loaded for comparison.

Liabilities

Flat

Flat from 2014

Revenue And Expenses

Liabilities / Revenue56th percentile Net Margin87th percentile

Revenue

$52,950

Up $20,258 (+62%) from 2014

Expenses

$33,461

Up $1,849 (+5.8%) from 2014

Net Income

$19,489

Up $18,409 (+1705%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2017

Assets$16,627

Liabilities$0

Net Assets$16,627

Open 2017 Filing

Operations Trend

Revenue Growth70th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2017

Revenue$52,950

Expenses$33,461

Net Income$19,489

Open 2017 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2017 to Dec 31, 2017
Signed: Sep 21, 2018
Return Version: 2017v2.3
Gross Receipts: $99,416

Mission and Program Overview

Mission

Charitable- educational and community programs

Program Services

Description	Grants	Expenses
Community programs for Zeta Rho Omega Chapter of Alpha Kappa Alpha Sorority under the national intiative of "Global Leadership through Timeless Service". Programs: Support to families and seniors, College Tour and Workshops, Strike For A Cure and Community Health Fair.	-	$21,590
Awarded college scholarships to several graduating high school seniors. Before distributing funds to scholarship recipients, the organization determined that the students were qualified to recieve payments by obtaining official proof of college students.	-	$10,000

Compensation and Service Providers

Top Officer Pay76th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Rae Nicklos Welch	President	-	$0	-	-
Jeannie Floyd	President	-	$0	-	-
Delores McKinnley	Financial Secretary	-	$0	-	-
Sharonda Webb	Treasurer	-	$0	-	-
Raylene Thomas	Secretary	-	$0	-	-
Vickey Pearcey	Executive Director	-	$0	-	-

Fundraising, Events, and Gaming

Fundraising Events

Event	Gross Receipts	Gross Revenue	Direct Expenses	Net Income
Pink Ice	$65,577	$65,577	$2,310	$63,267
Miss Percious	$7,134	$7,134	$962	$6,172
Total Events	$94,726	$94,726	$46,466	$48,260

Filing and Contact Details

Filer

Filer Name: AKAdemic Foundation Inc
EIN: 02-0572208
In Care Of: % SHARONDA WEBB
Phone: 9546730738
Address: PO Box 101231, Fort Lauderdale, FL 33310

Signing Officer

Name: Sharonda Webb
Title: Treasurer
Signed: 2018-09-21

Supplemental Narrative

Additional Explanations

Form 990EZ Part I Line 16

“Description:BANK SERVICE CHARGE Amount:60”

Form 990EZ Part I Line 16

“Description:INSURANCE Amount:568”

Form 990EZ Part I Line 16

“Description:STORAGE EXPENSE Amount:870”

Form 990EZ Part I Line 16

“Description:ASSESSMMENT FEE Amount:130”

Form 990EZ Part I Line 16

“Description:LICENSING FEE Amount:75”

Form 990EZ Part II Line 26

“Description:LOAN BOY Amount:8730 EOY Amount:”

Raw XML Appendix211 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	5868
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IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	2500
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	4	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	5	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	3	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	4	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	5	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	Rae Nicklos Welch
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	Jeannie Floyd
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	Delores McKinnley
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	3	Sharonda Webb
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	4	Raylene Thomas
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	5	Vickey Pearcey
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	Financial Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	3	Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	4	Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	5	Executive Director
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	0
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	0
IRS990EZ/OtherExpensesTotalAmt	0	1732
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	Charitable- Educational and Community Programs
IRS990EZ/PrintingPublicationsPostageAmt	0	139
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	Community programs for Zeta Rho Omega Chapter of Alpha Kappa Alpha Sorority under the national intiative of "Global Leadership through Timeless Service". Programs: Support to families and seniors, College Tour and Workshops, Strike For A Cure and Community Health Fair.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	1	Awarded college scholarships to several graduating high school seniors. Before distributing funds to scholarship recipients, the organization determined that the students were qualified to recieve payments by obtaining official proof of college students.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	21590
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	1	10000
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/RelatedOrgSect527OrgInd	0	false
IRS990EZ/SalariesOtherCompEmplBnftAmt	0	0
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/SpecialEventsDirectExpensesAmt	0	46466
IRS990EZ/SpecialEventsNetIncomeLossAmt	0	48260
IRS990EZ/StatesWhereCopyOfReturnIsFldCd	0	FL
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	8730
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	0
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	33461
IRS990EZ/TotalProgramServiceExpensesAmt	0	31590
IRS990EZ/TotalRevenueAmt	0	52950
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt	0	2500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt	0	0
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	2500
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	0
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	0
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt	0	94726
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt	0	38185
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt	0	26552
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt	0	66319
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt	0	21222
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt	0	247004
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	0
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00000
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt	0	0
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	0
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt	0	0
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportPY509Pct	0	1.00000
IRS990ScheduleA/PublicSupportTotal509Amt	0	249504
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt	0	0
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	97226
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	38185
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	26552
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	66319
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	21222
IRS990ScheduleA/Total509Grp/TotalAmt	0	249504
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	97226
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	38185
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	26552
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	66319
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	21222
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	249504
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt	0	46466
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt	0	1850
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt	0	400
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt	0	2250
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm	0	Pink Ice
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm	0	Miss Percious
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt	0	65577
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt	0	7134
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt	0	22015
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt	0	94726
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt	0	65577
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt	0	7134
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt	0	22015
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt	0	94726
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt	0	48260
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt	0	624
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt	0	114
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt	0	738
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt	0	8587
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt	0	11859
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt	0	2310
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt	0	962
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt	0	2
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt	0	24756
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt	0	2227
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt	0	4636
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt	0	31619
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	Description:BANK SERVICE CHARGE Amount:60
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	Description:INSURANCE Amount:568
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	Description:STORAGE EXPENSE Amount:870
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	Description:ASSESSMMENT FEE Amount:130
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	Description:LICENSING FEE Amount:75
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	5	Description:LOAN BOY Amount:8730 EOY Amount:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	5	FORM 990EZ PART II LINE 26
ReturnHeader/BuildTS	0	2018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	SHARONDA WEBB
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2018-09-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	AKAdemic Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt	0	AKAD
ReturnHeader/Filer/EIN	0	020572208
ReturnHeader/Filer/InCareOfNm	0	% SHARONDA WEBB
ReturnHeader/Filer/PhoneNum	0	9546730738
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	PO Box 101231
ReturnHeader/Filer/USAddress/CityNm	0	Fort Lauderdale
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	FL
ReturnHeader/Filer/USAddress/ZIPCd	0	33310
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId	0	1309257A1C554463202E7473B24F6D30EF2EF0F1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId	0	2B4F405FAFCCD004D0D628352D4D9EFF30BBF017
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId	0	65716920182815000012
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt	0	2018-10-08
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd	0	P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt	0	38.104.95.90
ReturnHeader/ReturnTs	0	2018-10-08T10:36:18-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2017-01-01
ReturnHeader/TaxPeriodEndDt	0	2017-12-31
ReturnHeader/TaxYr	0	2017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $16,627
Liabilities: $0
Net assets: $16,627
Revenue: $52,950
Expenses: $33,461
Net income: $19,489

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.23		$1.23	$0.84	$0.80	$0.04
2023Detailed filing. Detailed filing data is available for this year.	$1.09	$0.00	$1.09	$0.72	$0.90	$0.18
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.76	$0.01	$1.75	$1.62	$1.06	$0.56
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.22	$0.00	$1.22	$0.68	$0.50	$0.18
2020Detailed filing. Detailed filing data is available for this year.	$1.20	$0.00	$1.20	$1.08	$0.55	$0.52
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.97	$0.00	$1.97	$1.74	$0.34	$1.41
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.57	$0.00	$0.57	$0.45	$0.05	$0.40
2017Detailed filing. Detailed filing data is available for this year.	$0.17	$0.00	$0.17	$0.53	$0.33	$0.19
2014Summary only. Only limited summary data is available for this year.	$0.16	$0.00		$0.33	$0.32	$0.01
2013Summary only. Only limited summary data is available for this year.	$0.15	$0.00		$0.13	$0.13	$0.00
2012Summary only. Only limited summary data is available for this year.	$0.14	$0.00		$0.03	$0.09	$0.06
2011Summary only. Only limited summary data is available for this year.	$0.20	$0.00		$0.10	$0.16	$0.05