Liabilities / Assets
85th percentile
Higher debt load relative to assets than 85% of similar nonprofits.
Active Nation
EIN 47-4438149 • 501(c)3 • Playa Vista, CA
Profile
Purpose of the organization is to provide financial housing health academic work and educational support services to underrepresented communities.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.45x
Liabilities / Revenue
88th percentile
Higher debt load relative to revenue than 88% of similar nonprofits.
Net Margin
93rd percentile
Higher net margin than 93% of similar nonprofits.
Top Officer Pay
55th percentile
Higher top officer pay than 55% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
12th percentile
Faster asset growth than 12% of similar nonprofits.
Revenue Growth
8th percentile
Faster revenue growth than 8% of similar nonprofits.
Balance Sheet
Assets
Down$617,896
Down $189,688 (-23%) from 2019
Liabilities
Up$281,142
Up $256,141 (+1025%) from 2019
Net Assets
Down$336,754
Down $445,829 (-57%) from 2019
Revenue
Down$478,618
Down $369,604 (-44%) from 2019
Expenses
Up$175,871
Up $98,031 (+126%) from 2019
Net Income
Down$302,747
Down $467,635 (-61%) from 2019
Trend Graphs
Filings
Most recent year
2020 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $617,896
- Liabilities
- $281,142
- Net assets
- $336,754
- Revenue
- $478,618
- Expenses
- $175,871
- Net income
- $302,747
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2020Facts available. Structured filing facts are available, but richer extracted sections are limited. | $6.18 | $2.81 | $3.37 | $4.79 | $1.76 | $3.03 |
| 2019Detailed filing. Detailed filing data is available for this year. | $8.08 | $0.25 | $7.83 | $8.48 | $0.78 | $7.70 |
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Mar 28, 2022
- Return Version
- 2020v4.0
- Gross Receipts
- $478,618
Mission and Program Overview
Mission
Provide financial, health, school, and job resources for women, people of color, and other non privileged persons.
To promote and educate positive physical and social well-being of under-represented individuals through the organized project development of living a healthy and prosperous financial lifestyle via the FASTR Academy.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Prepaid Expenses and Deferred Charges | $159,322 | $411,323 | ▲ $252,001 |
| Accounts Receivable | $14,322 | $186,323 | ▲ $172,001 |
| Pledges and Grants Receivable | $0 | $15,000 | ▲ $15,000 |
| Intangible Assets | $5,000 | $5,000 | → $0 |
| Cash and Non-Interest-Bearing Accounts | $2,363 | $250 | ▼ $2,113 |
| Savings and Temporary Cash Investments | $0 | $0 | → $0 |
| Other Notes and Loans Receivable, Net | $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 |
| Inventories for Sale or Use | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Total Assets | $181,007 | $617,896 | ▲ $436,889 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Deferred Revenue | $145,000 | $235,272 | ▲ $90,272 |
| Accounts Payable and Accrued Expenses | $2,000 | $30,870 | ▲ $28,870 |
| Grants Payable | $0 | $15,000 | ▲ $15,000 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Unsecured Notes Loans Payable | $0 | $0 | → $0 |
| Other Liabilities | $0 | $0 | → $0 |
| Escrow Account Liability | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $147,000 | $281,142 | ▲ $134,142 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $26,644 | $331,504 | ▲ $304,860 |
| Net Assets Without Donor Restrictions | $7,363 | $5,250 | ▼ $2,113 |
| Total Net Assets Fund Balance | $34,007 | $336,754 | ▲ $302,747 |
| Total Liabilities and Net Assets / Fund Balance | $181,007 | $617,896 | ▲ $436,889 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Ahmed Aganju | CFO |
| Lola Baidoo | Secretary |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $15,000
- Program Service Revenue
- $463,618
- Investment Income
- $0
- Other Revenue
- $0
- All Other Contributions
- $0
- Change in Net Assets
- $302,747
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $145,000 |
| Other Expenses | $30,871 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Pension Plan Contributions | $0 | $80,000 | $0 | $80,000 |
| Current Officers, Directors, Trustees, and Key Employees | $0 | $65,000 | $0 | $65,000 |
| Office Expenses | $6,070 | $24,801 | $0 | $30,871 |
| Total Functional Expenses | $6,070 | $169,801 | $0 | $175,871 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $0 |
| Fundraising Gross Income | $0 |
| Gaming Direct Expenses | $0 |
| Gaming Gross Income | $0 |
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| 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
- Yes
- Annual disclosure for covered persons
- Yes
- Audit committee
- 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
- Yes
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- Yes
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Part VI, Line 4
“| Type of Significant change:, Description of the activity:| The role of the organization's members in governance., Sole Statutory Member|”
Part VI, Section A, Line 7A
“| Class of the Person:, Nature of their rights:| Member, The Statutory Member (as defined in Section 5056 of the California Nonprofit Public Benefit Corporation Law) shall have the right, as set forth in these Bylaws, to elect or appoint members of the Board of Directors, to remove members of the Board of Directors, to vote on the disposition of all or substantially all of the Corporation's assets, to vote on any merger and its principal terms and any amendment of those terms, and to vote on any election to dissolve the Corporation, and as otherwise r|”
Part VI, Section B, Line 11B
“No review was or will be conducted”
Part VI, Section B, Line 12C
“Determining Whether A Conflict Of Interest Exists: After disclosure of the financial interest and all material facts and after any discussion with the interested person the interested person shall leave the Board meeting while the determination of a conflict of interest is discussed and voted upon. The remaining Board members shall decide if a conflict of interest exists.”
Part VI, Section B, Line 15
“| Name of the Person:, The process used to establish compensation of the person who served in:|, The year in which this process was last undertaken:| Aganju, Low end Average of Similar positions in the region. Deferred amount is more than 125% to be received., 2018|”
Part VI, Section C, Line 19
“No documents available to the public”
Filing and Contact Details
Filer
- Filer Name
- Active Nation
- EIN
- 47-4438149
- In Care Of
- % Aramide Ogundipe
- Address
- 12722 MILLENNIUM DRIVE B432, PLAYA VISTA, CA 90094-2155
Signing Officer
- Name
- Aramide Ogundipe
- Title
- Executive Director
- Signed
- 2022-03-28
- Discuss with paid preparer
- No
Organization Details
- Principal Officer
- Aramide Ogundipe
- Formed
- 2015
- Legal Domicile
- CA
- Voting Board Members
- 3
- Independent Board Members
- 3
- Employees
- 0
- Volunteers
- 5
Supplemental Narrative
Additional Explanations
Part III, Line 4D
“| Description:, Expense Amount:, Grants Amount:, Revenue Amount:| Science Technology Engineering Math are program service subjects available for academic tutoring as well as Graduate Preparation Exam assistance for the MCAT GRE LSAT GMAT and NCLEX. Other subjects include quoting in statistics programming. As well as access to necessary study material., $0, $0, $1250| True networking Resource Utilization Employment are program subject services that provide Professional Networking Mentorship Resume guidance utilizing employer algorithms Photography Videography Assistance Car Sharing Scholarships Grants Payment for Professional Certifications Professional career aid and Employment assistance.The academy provides assistance in employment career choice transportation access to various successful professionals., $0, $0, $21456|”
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Financial Accounting Management Economy of Self are program service subjects that will provide financial literacy credit utilization stock market introduction tax assistance housing assistance vehicle loan comprehension loans and available government resource counseling coaching credit repair training and education. |
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| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | **Program Was Suspended due to Covid Emergency** Provides Health Education Self-Defense Nutrition Personal Training Group Training Stretching Stress Education. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | | Description:, Expense Amount:, Grants Amount:, Revenue Amount:| Science Technology Engineering Math are program service subjects available for academic tutoring as well as Graduate Preparation Exam assistance for the MCAT GRE LSAT GMAT and NCLEX. Other subjects include quoting in statistics programming. As well as access to necessary study material., $0, $0, $1250| True networking Resource Utilization Employment are program subject services that provide Professional Networking Mentorship Resume guidance utilizing employer algorithms Photography Videography Assistance Car Sharing Scholarships Grants Payment for Professional Certifications Professional career aid and Employment assistance.The academy provides assistance in employment career choice transportation access to various successful professionals., $0, $0, $21456| |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | | Type of Significant change:, Description of the activity:| The role of the organization's members in governance., Sole Statutory Member| |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | | Class of the Person:, Nature of their rights:| Member, The Statutory Member (as defined in Section 5056 of the California Nonprofit Public Benefit Corporation Law) shall have the right, as set forth in these Bylaws, to elect or appoint members of the Board of Directors, to remove members of the Board of Directors, to vote on the disposition of all or substantially all of the Corporation's assets, to vote on any merger and its principal terms and any amendment of those terms, and to vote on any election to dissolve the Corporation, and as otherwise r| |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | No review was or will be conducted |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Determining Whether A Conflict Of Interest Exists: After disclosure of the financial interest and all material facts and after any discussion with the interested person the interested person shall leave the Board meeting while the determination of a conflict of interest is discussed and voted upon. The remaining Board members shall decide if a conflict of interest exists. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | | Name of the Person:, The process used to establish compensation of the person who served in:|, The year in which this process was last undertaken:| Aganju, Low end Average of Similar positions in the region. Deferred amount is more than 125% to be received., 2018| |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | No documents available to the public |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part III, Line 4d |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part VI, Line 4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part VI, Section A, Line 7a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Part VI, Section B, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Part VI, Section B, Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Part VI, Section B, Line 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Part VI, Section C, Line 19 |
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