Civic Intelligence

Akademic Foundation Inc

990 • Fiscal year 2019 • EIN 02-0572208

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 15, 2020

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.

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

97th percentile

81%

Higher net margin than 97% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

96th percentile

249%

Faster asset growth than 96% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

97th percentile

287%

Faster revenue growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$197,199

Up $140,686 (+249%) from 2018

Net Assets

Up

$197,199

Up $140,686 (+249%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$174,469

Up $129,414 (+287%) from 2018

Expenses

Up

$33,783

Up $28,614 (+554%) from 2018

Net Income

Up

$140,686

Up $100,800 (+253%) from 2018

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2011: $19,996Liabilities 2011: $02011Assets 2012: $14,414Liabilities 2012: $02012Assets 2013: $14,517Liabilities 2013: $02013Assets 2014: $15,597Liabilities 2014: $02014Assets 2017: $16,627Liabilities 2017: $0Net Assets 2017: $16,6272017Assets 2018: $56,513Liabilities 2018: $0Net Assets 2018: $56,5132018Assets 2019: $197,199Liabilities 2019: $0Net Assets 2019: $197,1992019Assets 2020: $119,803Liabilities 2020: $0Net Assets 2020: $119,8032020Assets 2021: $121,536Liabilities 2021: $0Net Assets 2021: $121,5362021Assets 2022: $175,587Liabilities 2022: $857Net Assets 2022: $174,7302022Assets 2023: $109,137Liabilities 2023: $0Net Assets 2023: $109,1372023Assets 2024: $122,712Net Assets 2024: $122,7122024

Highlighted filing

2019

Assets$197,199
Liabilities$0
Net Assets$197,199

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2011: $10,277Expenses 2011: $15,760Net Income 2011: -$5,4832011Revenue 2012: $3,031Expenses 2012: $8,613Net Income 2012: -$5,5822012Revenue 2013: $13,468Expenses 2013: $13,365Net Income 2013: $1032013Revenue 2014: $32,692Expenses 2014: $31,612Net Income 2014: $1,0802014Revenue 2017: $52,950Expenses 2017: $33,461Net Income 2017: $19,4892017Revenue 2018: $45,055Expenses 2018: $5,169Net Income 2018: $39,8862018Revenue 2019: $174,469Expenses 2019: $33,783Net Income 2019: $140,6862019Revenue 2020: $107,815Expenses 2020: $55,433Net Income 2020: $52,3822020Revenue 2021: $68,074Expenses 2021: $49,613Net Income 2021: $18,4612021Revenue 2022: $161,929Expenses 2022: $105,815Net Income 2022: $56,1142022Revenue 2023: $72,173Expenses 2023: $89,965Net Income 2023: -$17,7922023Revenue 2024: $84,027Expenses 2024: $79,986Net Income 2024: $4,0412024

Highlighted filing

2019

Revenue$174,469
Expenses$33,783
Net Income$140,686
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 15, 2020
Return Version
2019v5.1
Gross Receipts
$229,040
Mission and Program Overview

Mission

Charitable- educational and community programs

The primary purpose of the akademic foundation is to provide charitable and educational and also support to our local community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$18,234$158,319▲ $140,085
Savings and Temporary Cash Investments$38,279$38,880▲ $601
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$56,513$197,199▲ $140,686
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$56,513$197,199▲ $140,686
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$56,513$197,199▲ $140,686
Total Liabilities and Net Assets / Fund Balance$56,513$197,199▲ $140,686
Compensation and Service Providers

Board Members and Trustees

NameTitle
Elizabeth PinnockFundraising Chair
Dr Rosalind OsgoodPresident
Raylene ThomasVice President
Destiny DejesusSecretary
Sharonda Striggles-WebTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$26,461
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$148,008
All Other Contributions
$13,881
Change in Net Assets
$140,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$19,046
Grants and Similar Amounts Paid$14,737
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$14,737--$14,737
Occupancy$5,145--$5,145
Other Expenses$2,549--$2,549
Office Expenses$1,188--$1,188
Insurance$456--$456
Fees for Services Accounting$300--$300
Total Functional Expenses$33,783$0$0$33,783
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$202,579
Fundraising Direct Expenses$54,571
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pink Ice$157,283$157,283$3,663$153,620
Strike 4 Cure$6,252$6,252-$6,252
Total Events$202,579$202,579$54,571$148,008
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI Section A, QUESTIONS 7A AND 7B

The By-Laws of the organization shall be prepared by a committee composed of six members of the Board of Directors, approved by the Board of Directors, and adopted, altered, or rejected by the membership at an Annual Meeting or a called Membership Meeting. All proposed amendments to the Charter or By-Laws of this organization shall be recommended by the Executive Committee, approved by the Board of Directors, and adopted by the membership at an Annual Meeting or a called Membership Meeting. A majority vote of the membership present and voting at the Annual Meeting or special called meeting shall be required to effect such amendment.

Form 990, Part VI, Section A, Line 11A

Sharonda webb, reviews form 990 before it is filed with the irs.

Form 990, Part VI, Section B, Line 12C

Periodic reviews are conducted by the governing board to ensure that the organization operates in a manner consistent with charitable purpose and does not engage in activities that could jeopardize its tax-exempt status.

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 Striggles-webb
Title
Treasurer
Phone
9546730738
Signed
2020-11-15

Organization Details

Principal Officer
Sharonda Striggles-webb
Formed
2002
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
189
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Dedicated to enriching our community by promoting education in south florida and rewarding the youth.

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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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IRS990/Form990PartVIISectionAGrp/PersonNm1Sharonda Striggles-Web
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IRS990/MissionDesc0The primary purpose of the AKAdemic Foundation is to provide charitable and educational assistance and also support to our local community. The AKAdemic foundation does this by providing scholarships, mentoring young people through our youth programs and providing assistance to needy families and the elderly. The Foundation also provides assistance with the college application process for high school students and college tours to various colleges throughout FL, GA, AL and TN. process for high school students and college tours to various colleges throughout FL, GA, AL and TN.
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt038279
IRS990/SavingsAndTempCashInvstGrp/EOYAmt038880
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt026461
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt08466
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt037427
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt037427
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt026461
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt08466
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02500
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/Total509Grp/TotalAmt037427
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt026461
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt08466
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt037427
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt054571
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt04990
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt04990
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0PINK ICE
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0STRIKE 4 CURE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0157283
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt06252
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt039044
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0202579
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0157283
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt06252
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt039044
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0202579
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0148008
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0868
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0868
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt017033
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt020696
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03663
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt023342
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt04675
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt028017
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt014737
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships to students attending college
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0N/A
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt014
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0Cash
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DEDICATED TO ENRICHING OUR COMMUNITY BY PROMOTING EDUCATION IN SOUTH FLORIDA AND REWARDING THE YOUTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The By-Laws of the organization shall be prepared by a committee composed of six members of the Board of Directors, approved by the Board of Directors, and adopted, altered, or rejected by the membership at an Annual Meeting or a called Membership Meeting. All proposed amendments to the Charter or By-Laws of this organization shall be recommended by the Executive Committee, approved by the Board of Directors, and adopted by the membership at an Annual Meeting or a called Membership Meeting. A majority vote of the membership present and voting at the Annual Meeting or special called meeting shall be required to effect such amendment.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SHARONDA WEBB, REVIEWS FORM 990 BEFORE IT IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Periodic reviews are conducted by the governing board to ensure that the organization operates in a manner consistent with charitable purpose and does not engage in activities that could jeopardize its tax-exempt status.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI Section A, QUESTIONS 7A AND 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 11A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990/SchoolOperatingInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt056513
IRS990/TotalAssetsEOYAmt0197199
IRS990/TotalAssetsGrp/BOYAmt056513
IRS990/TotalAssetsGrp/EOYAmt0197199
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt026461
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt033783
IRS990/TotalFunctionalExpensesGrp/TotalAmt033783
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt056513
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0197199
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt033783
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0174469
IRS990/TotalVolunteersCnt0189
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt056513
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0197199
IRS990/TotReportableCompRltdOrgAmt00

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