Civic Intelligence

Akademic Foundation Inc

990 • Fiscal year 2023 • EIN 02-0572208

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 16, 2024

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

(954) 401-3800

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

17th percentile

-25%

Higher net margin than 17% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

14th percentile

-38%

Faster asset growth than 14% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

10th percentile

-55%

Faster revenue growth than 10% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$109,137

Down $66,450 (-38%) from 2022

Net Assets

Down

$109,137

Down $65,593 (-38%) from 2022

Liabilities

Down

$0

Down $857 (-100%) from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin17th percentile

Revenue

Down

$72,173

Down $89,756 (-55%) from 2022

Expenses

Down

$89,965

Down $15,850 (-15%) from 2022

Net Income

Down

-$17,792

Down $73,906 (-132%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth14th 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

2023

Assets$109,137
Liabilities$0
Net Assets$109,137
Open 2023 Filing

Operations Trend

Revenue Growth10th 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

2023

Revenue$72,173
Expenses$89,965
Net Income-$17,792
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 16, 2024
Return Version
2023v5.1
Gross Receipts
$72,173
Mission and Program Overview

Mission

Charitable- educational and community programs

Purpose of the organization is to award scholarships to deserving high school seniors in broward county area. In addition to its scholarship endeavors, the foundation provides financial and in-kind support in community service, family enrichment, health awareness, economic empowerment and various youth intiatives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$129,711$109,137▼ $20,574
Accounts Receivable$45,876--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$175,587$109,137▼ $66,450
Liabilities
Accounts Payable and Accrued Expenses$857--
Total Liabilities$857$0▼ $857
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$174,730$109,137▼ $65,593
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$174,730$109,137▼ $65,593
Total Liabilities and Net Assets / Fund Balance$175,587$109,137▼ $66,450
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Delores MckinleyPresident
Destiny DejesusVice President
Chandra Young-whitingDirector
Karlene Chung-hoggAsst. Secretary
Jamie PollockAsst. Treasurer
Shakira GarySecretary
Elizabeth Pinnock-chambersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$38,390
Program Service Revenue
$33,783
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-17,792
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$89,965
Total Fundraising Expense$13,140
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$8,917-$13,140$8,917
All Other Expenses$4,604$4,213-$8,817
Total Functional Expenses$72,612$4,213$13,140$89,965
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
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

Part VI, Section A, Line 6

“The members of the foundation are automatically members when they pay dues to the alpha kappa alpha zeta rho omega chapter.”

Part VI, Section A, Line 7A

“Members of the foundation vote to elect the board members for the foundation.”

Part VI, Section B, Line 11B

“The 990 is given to the executive board to review. The board will present the 990 at the next foundation meeting, which is the meeting with the members.”

Part VI, Section C, Line 19

“The 990 is available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Akademic Foundation Inc
EIN
02-0572208
In Care Of
% DELORES MCKINLEY
Phone
9544013800
Address
P O BOX 101231, FORT LAUDERDALE, FL 33310

Signing Officer

Name
Delores Mckinley
Title
President
Phone
9544013800
Signed
2024-09-16
Discuss with paid preparer
No

Organization Details

Principal Officer
Delores Mckinley
Formed
2002
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

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

Additional Explanations

Part XI, Line 9

“Net assets adjustment - tax return for 2022 was prepared from audited financial statements, which are prepared on an accrual basis. Financial statements for 2023 were not audited and prepared on a cash basis. Reconcile balance to convert from accrual to cash basis.”

Other

“Part viii, line 24e expenses donations - 8,917 miscellaneoud - 4,213”

Raw XML Appendix341 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/ExplanationTxt0THE MEMBERS OF THE FOUNDATION ARE AUTOMATICALLY MEMBERS WHEN THEY PAY DUES TO THE ALPHA KAPPA ALPHA ZETA RHO OMEGA CHAPTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE FOUNDATION VOTE TO ELECT THE BOARD MEMBERS FOR THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS GIVEN TO THE EXECUTIVE BOARD TO REVIEW. THE BOARD WILL PRESENT THE 990 AT THE NEXT FOUNDATION MEETING, WHICH IS THE MEETING WITH THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NET ASSETS ADJUSTMENT - TAX RETURN FOR 2022 WAS PREPARED FROM AUDITED FINANCIAL STATEMENTS, WHICH ARE PREPARED ON AN ACCRUAL BASIS. FINANCIAL STATEMENTS FOR 2023 WERE NOT AUDITED AND PREPARED ON A CASH BASIS. RECONCILE BALANCE TO CONVERT FROM ACCRUAL TO CASH BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PART VIII, LINE 24E EXPENSES DONATIONS - 8,917 MISCELLANEOUD - 4,213
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION A, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XI, LINE 9
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0175587
IRS990/TotalAssetsEOYAmt0109137
IRS990/TotalAssetsGrp/BOYAmt0175587
IRS990/TotalAssetsGrp/EOYAmt0109137
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt038390
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013140
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04213
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt072612
IRS990/TotalFunctionalExpensesGrp/TotalAmt089965
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0857
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0857
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0174730
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0109137
IRS990/TotalProgramServiceExpensesAmt061091
IRS990/TotalProgramServiceRevenueAmt033783
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt072173
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0175587
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0109137
IRS990/TransactionWithControlEntInd00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O Box 101231
IRS990/USAddress/CityNm0FORT LAUDERDALE
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033310
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd00
ReturnHeader/BusinessOfficerGrp/PersonNm0DELORES MCKINLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09544013800
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AKADEMIC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0AKAD
ReturnHeader/Filer/EIN0020572208
ReturnHeader/Filer/InCareOfNm0% DELORES MCKINLEY
ReturnHeader/Filer/PhoneNum09544013800
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 101231
ReturnHeader/Filer/USAddress/CityNm0FORT LAUDERDALE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033310
ReturnHeader/Form8822BAttachedInd0X
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650551825
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/PhoneNum09546044797
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANTOINETTE PATTERSON
ReturnHeader/ReturnTs02024-09-16T17:30:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$109,137
Liabilities
$0
Net assets
$109,137
Revenue
$72,173
Expenses
$89,965
Net income
-$17,792
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