Civic Intelligence

Armstead Academic Project

990 • Fiscal year 2021 • EIN 83-3737117

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 16, 2022

CO Jtgoldstein 2200 Arch St Ste101Philadelphia, PA 19103

(215) 525-3593

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

91st percentile

62%

Higher net margin than 91% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$225,206

No earlier filing loaded for comparison.

Net Assets

$225,206

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$331,549

No earlier filing loaded for comparison.

Expenses

$125,659

No earlier filing loaded for comparison.

Net Income

$205,890

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2021: $225,206Liabilities 2021: $0Net Assets 2021: $225,2062021Assets 2022: $227,153Liabilities 2022: $0Net Assets 2022: $227,1532022Assets 2023: $437,268Liabilities 2023: $4,801Net Assets 2023: $432,4672023Assets 2024: $488,927Liabilities 2024: $1,300Net Assets 2024: $487,6272024Assets 2025: $627,875Liabilities 2025: $6,088Net Assets 2025: $621,7872025

Highlighted filing

2021

Assets$225,206
Liabilities$0
Net Assets$225,206

Operations Trend

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

$600K$400K$200K$0Revenue 2021: $331,549Expenses 2021: $125,659Net Income 2021: $205,8902021Revenue 2022: $320,299Expenses 2022: $318,352Net Income 2022: $1,9472022Revenue 2023: $294,446Expenses 2023: $89,131Net Income 2023: $205,3152023Revenue 2024: $451,224Expenses 2024: $398,914Net Income 2024: $52,3102024Revenue 2025: $543,907Expenses 2025: $410,247Net Income 2025: $133,6602025

Highlighted filing

2021

Revenue$331,549
Expenses$125,659
Net Income$205,890
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 16, 2022
Return Version
2021v4.0
Gross Receipts
$331,549
Mission and Program Overview

Mission

The armstead academic project invests its time, resources, and passion into creating stronger communities in the sacramento, california area by providing space and direct support for local organizations that provide charitable services to economically disadvantaged children in the area. Armstead academic project seeks out and identifies community leaders who are already managing and running under-funded direct charitable programs for children, and provides those leaders and programs with additional resources and infrastructure to allow those programs to increase their size and scale within the community. Armstead academic project aims to obtain additional funding sufficient to establish a physical location that serves as a cornerstone community center that is anchored in the sacramento area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$225,206-
Cash and Non-Interest-Bearing Accounts$20,214--
Total Assets$20,214$225,206▲ $204,992
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,214$225,206▲ $204,992
Total Net Assets Fund Balance$20,214$225,206▲ $204,992
Total Liabilities and Net Assets / Fund Balance$20,214$225,206▲ $204,992
Compensation and Service Providers

Board Members and Trustees

NameTitle
Arik ArmsteadPresident
Amobi OkugoDirector
Kahlil KeysDirector
Peter ScherrSecretary
Aaron ArmsteadTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$331,547
Program Service Revenue
$0
Investment Income
$2
Other Revenue
$0
All Other Contributions
$331,547
Change in Net Assets
$205,890

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$267,525Fair Market Value (FMV) on Date of Contrib
Total Noncash Contributions4$267,525-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$125,000
Other Expenses$659
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$125,000--$125,000
Office Expenses$656--$656
Fees for Services Other-$3-$3
Total Functional Expenses$125,656$3$0$125,659
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mercy Housing CaliforniaDenver, CO(c)(3)Operations Support$125,000
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
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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

Form 990, Page 6, Part VI, Line 2

Arik armstead aaron armstead president treasurer siblings

Form 990, Page 6, Part VI, Line 11B

Draft form 990 prepared by independent accounting firm is circulated among the board of directors prior to filing, so that the board has time to review the drafts returns and raise any questions, comments, or concerns prior to final filing.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to teh public upon request.

Filing and Contact Details

Filer

Filer Name
Armstead Academic Project
EIN
83-3737117
Phone
2155253593
Address
CO JTGOLDSTEIN 2200 ARCH ST STE101, PHILADELPHIA, PA 19103

Signing Officer

Name
Arik Armstead
Title
President
Phone
2155253593
Signed
2022-04-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arik Armstead
Formed
2019
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Jtgoldstein
Address
2200 ARCH ST STE 101, PHILADELPHIA, PA 19103-2136
Preparer
William Henderson
Phone
2155253593
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The armstead academic project invests its time, resources, and passion into creating stronger communities in the sacramento, california area by providing space and direct support for local organizations that provide charitable services to economically disadvantaged children in the area. Armstead academic project seeks out and identifies community leaders who are already managing and running under-funded direct charitable programs for children, and provides those leaders and programs with additional resources and infrastructure to allow those programs to increase their size and scale within the community. Armstead academic project aims to obtain additional funding sufficient to establish a physical location that serves as a cornerstone community center that is anchored in the sacramento area.

Form 990, Page 2, Part III, Line 4A

Armstead academic project provides fund to organizations through an application process. The project awards grants to applicants based on the following criteria: each applicant must provide a description of their project, the total cost, and the amount requested from aap. In their grant applications, applicants must describe the work of their agency or program, including a brief description of the organization's purposes. Next, the applicant must explain the specific project to be funded by including a description of the project, its goals, a timeline for implementation, and specific activities that will be funded. Applicants must also provide a description of the population that will benefit from the project receiving teh grant. Finally, applicants must provide an evaluation of their expected results and how they will measure the effectiveness of their activities.

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IRS990/MissionDesc0THE ARMSTEAD ACADEMIC PROJECT INVESTS ITS TIME, RESOURCES, AND PASSION INTO CREATING STRONGER COMMUNITIES IN THE SACRAMENTO, CALIFORNIA AREA BY PROVIDING SPACE AND DIRECT SUPPORT FOR LOCAL ORGANIZATIONS THAT PROVIDE CHARITABLE SERVICES TO ECONOMICALLY DISADVANTAGED CHILDREN IN THE AREA. ARMSTEAD ACADEMIC PROJECT SEEKS OUT AND IDENTIFIES COMMUNITY LEADERS WHO ARE ALREADY MANAGING AND RUNNING UNDER-FUNDED DIRECT CHARITABLE PROGRAMS FOR CHILDREN, AND PROVIDES THOSE LEADERS AND PROGRAMS WITH ADDITIONAL RESOURCES AND INFRASTRUCTURE TO ALLOW THOSE PROGRAMS TO INCREASE THEIR SIZE AND SCALE WITHIN THE COMMUNITY. ARMSTEAD ACADEMIC PROJECT AIMS TO OBTAIN ADDITIONAL FUNDING SUFFICIENT TO ESTABLISH A PHYSICAL LOCATION THAT SERVES AS A CORNERSTONE COMMUNITY CENTER THAT IS ANCHORED IN THE SACRAMENTO AREA.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ORGANIZATIONS RECEIVING MATERIAL GRANTS FROM ARMSTEAD ACADEMIC PROJECT ARE REQUIRED TO SUBMIT AN ECONOMIC IMPACT REPORT DETAILING SPECIFICS HOW THE FUNDS WERE UTILIZED, AND OVER WHAT PERIOD OF TIME THE FUNDS WERE UTILIZED. ORGANIZATIONS ALSO SUBMIT "BUDGET-VS-ACTUAL" REPORTS COMPARING THEIR ORIGINAL PROPOSED USE OF FUNDS FROM GRANT APPLICATION TO ACTUAL RESULTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ARMSTEAD ACADEMIC PROJECT INVESTS ITS TIME, RESOURCES, AND PASSION INTO CREATING STRONGER COMMUNITIES IN THE SACRAMENTO, CALIFORNIA AREA BY PROVIDING SPACE AND DIRECT SUPPORT FOR LOCAL ORGANIZATIONS THAT PROVIDE CHARITABLE SERVICES TO ECONOMICALLY DISADVANTAGED CHILDREN IN THE AREA. ARMSTEAD ACADEMIC PROJECT SEEKS OUT AND IDENTIFIES COMMUNITY LEADERS WHO ARE ALREADY MANAGING AND RUNNING UNDER-FUNDED DIRECT CHARITABLE PROGRAMS FOR CHILDREN, AND PROVIDES THOSE LEADERS AND PROGRAMS WITH ADDITIONAL RESOURCES AND INFRASTRUCTURE TO ALLOW THOSE PROGRAMS TO INCREASE THEIR SIZE AND SCALE WITHIN THE COMMUNITY. ARMSTEAD ACADEMIC PROJECT AIMS TO OBTAIN ADDITIONAL FUNDING SUFFICIENT TO ESTABLISH A PHYSICAL LOCATION THAT SERVES AS A CORNERSTONE COMMUNITY CENTER THAT IS ANCHORED IN THE SACRAMENTO AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ARMSTEAD ACADEMIC PROJECT PROVIDES FUND TO ORGANIZATIONS THROUGH AN APPLICATION PROCESS. THE PROJECT AWARDS GRANTS TO APPLICANTS BASED ON THE FOLLOWING CRITERIA: EACH APPLICANT MUST PROVIDE A DESCRIPTION OF THEIR PROJECT, THE TOTAL COST, AND THE AMOUNT REQUESTED FROM AAP. IN THEIR GRANT APPLICATIONS, APPLICANTS MUST DESCRIBE THE WORK OF THEIR AGENCY OR PROGRAM, INCLUDING A BRIEF DESCRIPTION OF THE ORGANIZATION'S PURPOSES. NEXT, THE APPLICANT MUST EXPLAIN THE SPECIFIC PROJECT TO BE FUNDED BY INCLUDING A DESCRIPTION OF THE PROJECT, ITS GOALS, A TIMELINE FOR IMPLEMENTATION, AND SPECIFIC ACTIVITIES THAT WILL BE FUNDED. APPLICANTS MUST ALSO PROVIDE A DESCRIPTION OF THE POPULATION THAT WILL BENEFIT FROM THE PROJECT RECEIVING TEH GRANT. FINALLY, APPLICANTS MUST PROVIDE AN EVALUATION OF THEIR EXPECTED RESULTS AND HOW THEY WILL MEASURE THE EFFECTIVENESS OF THEIR ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ARIK ARMSTEAD AARON ARMSTEAD PRESIDENT TREASURER SIBLINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DRAFT FORM 990 PREPARED BY INDEPENDENT ACCOUNTING FIRM IS CIRCULATED AMONG THE BOARD OF DIRECTORS PRIOR TO FILING, SO THAT THE BOARD HAS TIME TO REVIEW THE DRAFTS RETURNS AND RAISE ANY QUESTIONS, COMMENTS, OR CONCERNS PRIOR TO FINAL FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE TO TEH PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0125659
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
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IRS990/TotalProgramServiceExpensesAmt0125656
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0331549
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02200 ARCH STREET STE 101
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0ARIK ARMSTEAD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02155253593
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARMSTEAD ACADEMIC PROJECT
ReturnHeader/Filer/BusinessNameControlTxt0ARMS
ReturnHeader/Filer/EIN0833737117
ReturnHeader/Filer/PhoneNum02155253593
ReturnHeader/Filer/USAddress/AddressLine1Txt0CO JTGOLDSTEIN 2200 ARCH ST STE101
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JTGOLDSTEIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02200 ARCH ST STE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PHILADELPHIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0191032136
ReturnHeader/PreparerPersonGrp/PhoneNum02155253593
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM HENDERSON
ReturnHeader/ReturnTs02022-04-16T10:54:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ARIK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ARMSTEAD
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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