Civic Intelligence

Armstead Academic Project

990 • Fiscal year 2023 • EIN 83-3737117

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 15, 2024

3053 Freeport Blvd 125Sacramento, CA 95818

(408) 807-0612

Siviq Scores

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

Liabilities / Assets

67th percentile

0.01x

Higher debt load relative to assets than 67% of similar nonprofits.

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

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

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

Net Margin

95th percentile

70%

Higher net margin than 95% of similar nonprofits.

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

Top Officer Pay

96th percentile

$73,191

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 24.9% of source-year revenue.

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

Asset Growth

91st percentile

92%

Faster asset growth than 91% of similar nonprofits.

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

Revenue Growth

35th percentile

-8.1%

Faster revenue growth than 35% of similar nonprofits.

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

Assets

Up

$437,268

Up $210,115 (+92%) from 2022

Net Assets

Up

$432,467

Up $205,314 (+90%) from 2022

Liabilities

Up

$4,801

Up $4,801 from 2022

Revenue

Down

$294,446

Down $25,853 (-8.1%) from 2022

Expenses

Down

$89,131

Down $229,221 (-72%) from 2022

Net Income

Up

$205,315

Up $203,368 (+10445%) from 2022

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

2023

Assets$437,268
Liabilities$4,801
Net Assets$432,467

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

2023

Revenue$294,446
Expenses$89,131
Net Income$205,315
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$371,459
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
Cash and Non-Interest-Bearing Accounts$227,152$422,145▲ $194,993
Savings and Temporary Cash Investments-$15,123-
Total Assets$227,152$437,268▲ $210,116
Liabilities
Accounts Payable and Accrued Expenses-$4,801-
Total Liabilities$0$4,801▲ $4,801
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$227,152$432,467▲ $205,315
Total Net Assets Fund Balance$227,152$432,467▲ $205,315
Total Liabilities and Net Assets / Fund Balance$227,152$437,268▲ $210,116
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Aila MalikExecutive DiFT$73,191$73,191

Board Members and Trustees

NameTitle
Arik ArmsteadBoard Chair
Amobi OkugoDirector
Kahlil KeysDirector
Melinda ArmsteadDirector
Michelle KimDirector
Peter ScherrSecretary
Aaron ArmsteadTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$214,847
Program Service Revenue
$0
Investment Income
$6,160
Other Revenue
$73,439
All Other Contributions
$214,847
Change in Net Assets
$205,315
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$89,131
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$73,191-$73,191
Other Expenses$15,000--$15,000
Fees for Services Accounting-$552-$552
Office Expenses-$337-$337
Fees for Services Other-$51-$51
Total Functional Expenses$15,000$74,131$0$89,131
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$150,452
Fundraising Direct Expenses$77,013
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Aap Gala Event$150,452$150,452$57,718$92,734
Total Events$150,452$150,452$77,013$73,439
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
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Arik armstead aaron armstead president treasurer siblings

Form 990, Page 6, Part VI, Line 3

YES

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 15A

Compensation is determined by the board of directors based on prevailing market rates.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Armstead Academic Project
EIN
83-3737117
Phone
4088070612
Address
3053 FREEPORT BLVD 125, SACRAMENTO, CA 95818

Signing Officer

Name
Aila Malik
Title
Executive Director
Phone
4088070612
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Aila Malik
Formed
2019
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
20

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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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/ExplanationTxt3YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DRAFT 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/ExplanationTxt5COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS BASED ON PREVAILING MARKET RATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE 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 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0AILA MALIK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04088070612
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARMSTEAD ACADEMIC PROJECT
ReturnHeader/Filer/BusinessNameControlTxt0ARMS
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ReturnHeader/Filer/PhoneNum04088070612
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203811563
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/PreparationDt02024-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM HENDERSON
ReturnHeader/ReturnTs02024-11-15T15:04:49-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02023

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