Civic Intelligence

Akademic Foundation Inc

990 • Fiscal year 2020 • EIN 02-0572208

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 18, 2021

Organization ProfileN/A
P O Box 101231Fort Lauderdale, FL 33310

(954) 604-4797

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

88th percentile

49%

Higher net margin than 88% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

11th percentile

-39%

Faster asset growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

30th percentile

-38%

Faster revenue growth than 30% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$119,803

Down $77,396 (-39%) from 2019

Net Assets

Down

$119,803

Down $77,396 (-39%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin88th percentile

Revenue

Down

$107,815

Down $66,654 (-38%) from 2019

Expenses

Up

$55,433

Up $21,650 (+64%) from 2019

Net Income

Down

$52,382

Down $88,304 (-63%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

2020

Assets$119,803
Liabilities$0
Net Assets$119,803
Open 2020 Filing

Operations Trend

Revenue Growth30th percentile

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

2020

Revenue$107,815
Expenses$55,433
Net Income$52,382
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 18, 2021
Return Version
2020v4.1
Gross Receipts
$107,815
Mission and Program Overview

Mission

Charitable- educational and community programs

Purpose of akademic foundation is to provide charitable, educational and local community support,

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$158,319$105,069▼ $53,250
Savings and Temporary Cash Investments$38,880$9,738▼ $29,142
Accounts Receivable-$4,996-
Total Assets$197,199$119,803▼ $77,396
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$197,199$119,803▼ $77,396
Total Net Assets Fund Balance$197,199$119,803▼ $77,396
Total Liabilities and Net Assets / Fund Balance$197,199$119,803▼ $77,396
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Dr Rosiland GoodPresident
Delores MckinleyVice President
Destiny DejesusSecretary
Antoinette PattersonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$99,225
Program Service Revenue
$8,590
Investment Income
$0
Other Revenue
$0
All Other Contributions
$71,034
Change in Net Assets
$52,382
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$53,572
Total Fundraising Expense$9,180
Grants and Similar Amounts Paid$1,861
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses-$1,961-$1,961
Grants to Domestic Orgs$1,861--$1,861
Other Expenses$250-$9,180$250
Total Functional Expenses$44,292$1,961$9,180$55,433
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pink Ice$20,806$20,806-$20,806
Total Events$20,806$20,806$9,180$11,626
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

990, Part VI, Line 3

“NOT APPLICABLE”

990, Part VI, Line 6

“The akademic foundation have members who are active in alpha kappa alpha, inc. Zeta rho omega chapter.”

990, Part VI, Line 11B

“The 990 is reviewed at our quarterly meeting and members have a chance to review it prior to the meeting. The 990 is approved at the quarterly meeting.”

990, Part VI, Line 19

“If anyone would like to have a copy of the 990 or our financial statements, they can request a copy and a copy would be provided.”

Filing and Contact Details

Filer

Filer Name
Akademic Foundation
EIN
02-0572208
Phone
9546044797
Address
P O BOX 101231, FORT LAUDERDALE, FL 33310

Signing Officer

Name
Antoinette Patterson
Title
Treasurer
Phone
9546044797
Signed
2021-03-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Antoinette Patterson
Formed
2002
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
270

Preparer

Firm
Patterson Clarke CPA Pa
Address
19422 NW 11TH ST, PEMBROKE PINES, FL 33029
Preparer
Antoinette Patterson
Phone
9546044797
Supplemental Narrative

Additional Explanations

990, Part III, Line 1

“The primary purpose of the akademic foundation is to provide charitable and educational assistance and also support to our local community. The akademic does this by providing scholarships and working with local”

990, Part III, Line 1

“Communities. The foundation also provides assistance with the college application process for high school students and college tours to various colleges throuhout fl, ga, tn and al.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NOT APPLICABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE AKADEMIC FOUNDATION HAVE MEMBERS WHO ARE ACTIVE IN ALPHA KAPPA ALPHA, INC. ZETA RHO OMEGA CHAPTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS REVIEWED AT OUR QUARTERLY MEETING AND MEMBERS HAVE A CHANCE TO REVIEW IT PRIOR TO THE MEETING. THE 990 IS APPROVED AT THE QUARTERLY MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IF ANYONE WOULD LIKE TO HAVE A COPY OF THE 990 OR OUR FINANCIAL STATEMENTS, THEY CAN REQUEST A COPY AND A COPY WOULD BE PROVIDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PRIMARY PURPOSE OF THE AKADEMIC FOUNDATION IS TO PROVIDE CHARITABLE AND EDUCATIONAL ASSISTANCE AND ALSO SUPPORT TO OUR LOCAL COMMUNITY. THE AKADEMIC DOES THIS BY PROVIDING SCHOLARSHIPS AND WORKING WITH LOCAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMMUNITIES. THE FOUNDATION ALSO PROVIDES ASSISTANCE WITH THE COLLEGE APPLICATION PROCESS FOR HIGH SCHOOL STUDENTS AND COLLEGE TOURS TO VARIOUS COLLEGES THROUHOUT FL, GA, TN AND AL.
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IRS990/USAddress/CityNm0HOLLYWOOD
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033029
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANTOINETTE PATTERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09546044797
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AKADEMIC FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0AKAD
ReturnHeader/Filer/EIN0020572208
ReturnHeader/Filer/PhoneNum09546044797
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 101231
ReturnHeader/Filer/USAddress/CityNm0FORT LAUDERDALE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650551825
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PATTERSON CLARKE CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt019422 NW 11TH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PEMBROKE PINES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033029
ReturnHeader/PreparerPersonGrp/PhoneNum09546044797
ReturnHeader/PreparerPersonGrp/PreparationDt02021-03-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANTOINETTE PATTERSON
ReturnHeader/ReturnTs02021-09-23T06:34:56-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANTOINETTE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PATTERSON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$119,803
Liabilities
$0
Net assets
$119,803
Revenue
$107,815
Expenses
$55,433
Net income
$52,382
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet 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
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$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