Civic Intelligence

Akademic Foundation Inc

990 • Fiscal year 2022 • EIN 02-0572208

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 22, 2023

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

63rd percentile

0.00x

Higher debt load relative to assets than 63% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

63rd percentile

0.01x

Higher debt load relative to revenue than 63% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

82nd percentile

35%

Higher net margin than 82% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

82nd percentile

44%

Faster asset growth than 82% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

88th percentile

138%

Faster revenue growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$175,587

Up $54,051 (+44%) from 2021

Net Assets

Up

$174,730

Up $53,194 (+44%) from 2021

Liabilities

Up

$857

Up $857 from 2021

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin82nd percentile

Revenue

Up

$161,929

Up $93,855 (+138%) from 2021

Expenses

Up

$105,815

Up $56,202 (+113%) from 2021

Net Income

Up

$56,114

Up $37,653 (+204%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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

2022

Assets$175,587
Liabilities$857
Net Assets$174,730
Open 2022 Filing

Operations Trend

Revenue Growth88th 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

2022

Revenue$161,929
Expenses$105,815
Net Income$56,114
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 22, 2023
Return Version
2022v5.0
Gross Receipts
$161,929
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$121,536$129,711▲ $8,175
Accounts Receivable-$45,876-
Total Assets$121,536$175,587▲ $54,051
Liabilities
Accounts Payable and Accrued Expenses-$857-
Total Liabilities$0$857▲ $857
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$121,536$174,730▲ $53,194
Total Net Assets Fund Balance$121,536$174,730▲ $53,194
Total Liabilities and Net Assets / Fund Balance$121,536$175,587▲ $54,051
Compensation and Service Providers
Top Officer Pay78th 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
$158,910
Program Service Revenue
$3,019
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$56,114
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,815
Total Fundraising Expense$47,646
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$6,950-$47,646$6,950
Occupancy-$830-$830
Office Expenses-$503-$503
Insurance-$474-$474
Total Functional Expenses$56,362$1,807$47,646$105,815
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$115,636$115,636$6,359$109,277
Ugly Sweater$4,390$4,390-$4,390
Total Events$120,026$120,026$47,646$72,380
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
No
Annual disclosure for covered persons
No
Audit committee
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
No

Governance Explanations

990, Part VI, Line 6

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

990, Part VI, Line 11B

“The 990 tax return is emailed out to members prior to the foundation's meeting. It is reviewed, discussed and approved at the board meeting to be efiled to the irs.”

990, Part VI, Line 19

“Should anyone want a copy of the 990 or financial statements, it would be emailed at no cost. However, it they prefer a hard copy a fee maybe applied.”

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
2023-02-22
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

Preparer

Firm
Patterson-clarke CPA Pa
Address
19422 NW 11TH STREET, PEMBROKE PINES, FL 33029
Preparer
Antoinette Patterson
Phone
9546944797
Supplemental Narrative

Additional Explanations

990, Part V, Line 3B

“There was no unrelated business income earned. Funds raised were used for both community programs and scholarships”

990, Part XII, Line 3B

“The akademic foundation never received federal funding.”

Raw XML Appendix327 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE WAS NO UNRELATED BUSINESS INCOME EARNED. FUNDS RAISED WERE USED FOR BOTH COMMUNITY PROGRAMS AND SCHOLARSHIPS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE AKADEMIC FOUNDATION HAVE MEMBERS WHO ARE ACTIVE IN ALPHA KAPPA ALPHA SORORITY, INC., ZETA RHO OMEGA CHAPTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 TAX RETURN IS EMAILED OUT TO MEMBERS PRIOR TO THE FOUNDATION'S MEETING. IT IS REVIEWED, DISCUSSED AND APPROVED AT THE BOARD MEETING TO BE EFILED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SHOULD ANYONE WANT A COPY OF THE 990 OR FINANCIAL STATEMENTS, IT WOULD BE EMAILED AT NO COST. HOWEVER, IT THEY PREFER A HARD COPY A FEE MAYBE APPLIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE AKADEMIC FOUNDATION NEVER RECEIVED FEDERAL FUNDING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0990, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1990, PART VI, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3990, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4990, PART XII, LINE 3B
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0175587
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt019422 NW 11TH STREET
IRS990/USAddress/CityNm0PEMBROKE PINES
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033029
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANTOINETTE PATTERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09546044797
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-22
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
ReturnHeader/Filer/USAddress/ZIPCd033310
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PATTERSON-CLARKE CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt019422 NW 11TH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PEMBROKE PINES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033029
ReturnHeader/PreparerPersonGrp/PhoneNum09546944797
ReturnHeader/PreparerPersonGrp/PreparationDt02023-02-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANTOINETTE PATTERSON
ReturnHeader/ReturnTs02023-08-29T12:00:32-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANTOINETTE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PATTERSON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$175,587
Liabilities
$857
Net assets
$174,730
Revenue
$161,929
Expenses
$105,815
Net income
$56,114
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
2022Detailed filing. Detailed filing data is available for this year.$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