Civic Intelligence

Acton Academy Foundation

990 • Fiscal year 2020 • EIN 47-4108671

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

Organization ProfileN/A
2422 K St NWWashington, DC 20037

(202) 255-2503

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

82nd percentile

35%

Higher net margin than 82% of similar nonprofits.

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

Top Officer Pay

97th percentile

$83,977

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 22.5% of source-year revenue.

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

Asset Growth

92nd percentile

177%

Faster asset growth than 92% of similar nonprofits.

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

Revenue Growth

72nd percentile

8.4%

Faster revenue growth than 72% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$198,061

Up $126,647 (+177%) from 2019

Net Assets

Up

$198,061

Up $131,106 (+196%) from 2019

Liabilities

Down

$0

Down $4,459 (-100%) from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin82nd percentile

Revenue

Up

$372,700

Up $28,836 (+8.4%) from 2019

Expenses

Down

$241,594

Down $122,188 (-34%) from 2019

Net Income

Up

$131,106

Up $151,024 (+758%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$200K$100K$0-$100KAssets 2018: $86,873Liabilities 2018: $0Net Assets 2018: $86,8732018Assets 2019: $71,414Liabilities 2019: $4,459Net Assets 2019: $66,9552019Assets 2020: $198,061Liabilities 2020: $0Net Assets 2020: $198,0612020Assets 2021: $81,446Liabilities 2021: $0Net Assets 2021: $81,4462021Assets 2022: $35,518Liabilities 2022: $9,871Net Assets 2022: $25,6472022Assets 2023: $4,462Liabilities 2023: $8,108Net Assets 2023: -$3,6462023Assets 2024: $43,703Liabilities 2024: $74Net Assets 2024: $43,6292024

Highlighted filing

2020

Assets$198,061
Liabilities$0
Net Assets$198,061
Open 2020 Filing

Operations Trend

Revenue Growth72nd percentile

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

$600K$400K$200K$0-$200KRevenue 2018: $405,239Expenses 2018: $324,260Net Income 2018: $80,9792018Revenue 2019: $343,864Expenses 2019: $363,782Net Income 2019: -$19,9182019Revenue 2020: $372,700Expenses 2020: $241,594Net Income 2020: $131,1062020Revenue 2021: $129,400Expenses 2021: $246,015Net Income 2021: -$116,6152021Revenue 2022: $221,139Expenses 2022: $276,938Net Income 2022: -$55,7992022Revenue 2023: $235,484Expenses 2023: $264,777Net Income 2023: -$29,2932023Revenue 2024: $137,942Expenses 2024: $90,669Net Income 2024: $47,2732024

Highlighted filing

2020

Revenue$372,700
Expenses$241,594
Net Income$131,106
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$372,700
Mission and Program Overview

Mission

Our mission is to inspire children and parents to develop an entrepreneurial mindset, discover a calling, and change the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$71,414$198,061▲ $126,647
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$71,414$198,061▲ $126,647
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$4,459--
Total Liabilities$4,459$0▼ $4,459
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$66,955$198,061▲ $131,106
Total Net Assets Fund Balance$66,955$198,061▲ $131,106
Total Liabilities and Net Assets / Fund Balance$71,414$198,061▲ $126,647
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David KirbyExecutive DirectorPT$80,048$3,929$83,977
Nicole SpencerSecretaryPT$25,016$563$25,579

Board Members and Trustees

NameTitle
Chad ThevenotDirector
Isaac MorehouseDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$372,700
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$342,000
Change in Net Assets
$131,106
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$118,767
Other Expenses$100,327
Grants and Similar Amounts Paid$22,500
Total Fundraising Expense$4,800
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$104,756-$4,800$109,556
Occupancy$52,571--$52,571
Other Expenses$24,325--$24,325
Grants to Domestic Orgs$22,500--$22,500
Fees for Services Other$9,296--$9,296
Payroll Taxes$9,211--$9,211
Advertising$3,558--$3,558
Insurance$3,485--$3,485
Office Expenses$2,524--$2,524
Travel$1,947--$1,947
Fees for Services Legal-$1,621-$1,621
Fees for Services Accounting-$1,000-$1,000
Total Functional Expenses$234,173$2,621$4,800$241,594
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Acton Academy of Washington DWashington, DC-Tuition Scholarships$22,500
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-See Sch L Part Vshared occupancy/staffNo$88,633

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
Yes
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Nicole Spencer and David Kirby who are both directors are married. See Schedule L for further explanation of business relationship.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The draft form 990 is reviewed by the Executive Director, all board members and outside legal counsel before being filed.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Executives and board members complete an annual conflict policy certification. The policy is reviewed, monitored and enforced by the board of directors.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The independent board members review the compensation of the executive director. They discuss, approve and document the factors considered in the determination of compensation.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The independent board members review the compensation of the officers and any key employees. They discuss, approve and document the factors considered in the determination of compensation.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Acton Academy Foundation
EIN
47-4108671
Phone
2022552503
Address
2422 K St NW, Washington, DC 20037

Signing Officer

Name
David Kirby
Title
Executive Director
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Kirby
Formed
2015
Legal Domicile
Dc
Voting Board Members
4
Independent Board Members
2
Employees
2

Preparer

Firm
Tomasella Schlitter Burrell PC
Address
64 Clifton Avenue, Ansonia, CT 06401
Preparer
Tammy L Burrell CPA
Phone
2037345989
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

“OTHER PROGRAM SERVICES 4: Acton Learning Prizes & Innovation Awards celebrate excellence among the 300+ Acton Academy Network schools and encourage innovations to make Actons simpler, better, and less expensive to form.”

Raw XML Appendix397 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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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Tuition Scholarships
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Acton Academy of Washington D
IRS990ScheduleI/RecipientTable/RecipientEIN0465576404
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02422 K St NW
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Washington
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0DC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd020037
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0cash
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Acton Academy Foundation staff receives scholarship requests, review and make recommendations. Independent board members review and approve scholarships consistent with Acton Academy Foundation's mission.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Acton Academy of Washingt
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0See Sch L Part V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt088633
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0shared occupancy/staff
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/AssistancePurposeTxt0Scholarship
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/CashGrantAmt022500
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/PersonNm0Acton Academy of Washingt
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/RelationshipWithOrgTxt0owned35% Kirby&Spencer
IRS990ScheduleL/GrntAsstBnftInterestedPrsnGrp/TypeOfAssistanceTxt0student tuition
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Supplement to questions Part IVThe Acton Academy of Washington DC is owned more than 35% by David Kirby and more than 35% by Nicole Spencer. The Acton Academy Foundation and Acton Academy of Washington DC share occupancy and staff. The total dollar amount of the transactions for the year is $88633.All transactions that involve Acton Academy Foundation and Acton Academy of Washington DC are documented, reviewed, and approved by independent board members in accordance with IRS safe harbor procedures.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: Acton Learning Prizes & Innovation Awards celebrate excellence among the 300+ Acton Academy Network schools and encourage innovations to make Actons simpler, better, and less expensive to form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Nicole Spencer and David Kirby who are both directors are married. See Schedule L for further explanation of business relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The draft form 990 is reviewed by the Executive Director, all board members and outside legal counsel before being filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Executives and board members complete an annual conflict policy certification. The policy is reviewed, monitored and enforced by the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The independent board members review the compensation of the executive director. They discuss, approve and document the factors considered in the determination of compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The independent board members review the compensation of the officers and any key employees. They discuss, approve and document the factors considered in the determination of compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt071414
IRS990/TotalAssetsEOYAmt0198061
IRS990/TotalAssetsGrp/BOYAmt071414
IRS990/TotalAssetsGrp/EOYAmt0198061
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0372700
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04800
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02621
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0234173
IRS990/TotalFunctionalExpensesGrp/TotalAmt0241594
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04459
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt04459
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt066955
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0198061
IRS990/TotalOtherCompensationAmt04492
IRS990/TotalOtherProgSrvcExpenseAmt06253
IRS990/TotalProgramServiceExpensesAmt0234173
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt0105064
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0372700
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt071414
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0198061
IRS990/TravelGrp/ProgramServicesAmt01947
IRS990/TravelGrp/TotalAmt01947
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02422 K St NW
IRS990/USAddress/CityNm0Washington
IRS990/USAddress/StateAbbreviationCd0DC
IRS990/USAddress/ZIPCd020037
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0David Kirby
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Acton Academy Foundation
ReturnHeader/Filer/BusinessNameControlTxt0ACTO
ReturnHeader/Filer/EIN0474108671
ReturnHeader/Filer/PhoneNum02022552503
ReturnHeader/Filer/USAddress/AddressLine1Txt02422 K St NW
ReturnHeader/Filer/USAddress/CityNm0Washington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DC
ReturnHeader/Filer/USAddress/ZIPCd020037
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061004093
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Tomasella Schlitter Burrell PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt064 Clifton Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Ansonia
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006401
ReturnHeader/PreparerPersonGrp/PhoneNum02037345989
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Tammy L Burrell CPA
ReturnHeader/ReturnTs02021-11-12T09:11:55-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0David
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Kirby
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
$198,061
Liabilities
$0
Net assets
$198,061
Revenue
$372,700
Expenses
$241,594
Net income
$131,106
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$1.38$0.91$0.47
2023Detailed filing. Detailed filing data is available for this year.$0.04$0.08$0.04$2.35$2.65$0.29
2022Detailed filing. Detailed filing data is available for this year.$0.36$0.10$0.26$2.21$2.77$0.56
2021Detailed filing. Detailed filing data is available for this year.$0.81$0.00$0.81$1.29$2.46$1.17
2020Detailed filing. Detailed filing data is available for this year.$1.98$0.00$1.98$3.73$2.42$1.31
2019Detailed filing. Detailed filing data is available for this year.$0.71$0.04$0.67$3.44$3.64$0.20
2018Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$4.05$3.24$0.81