Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Real World Academy Inc
EIN 84-1931308 • 501(c)3 • Boonton, NJ
Profile
To inspire diverse students to realize their potential by providing them with customized life skills, resources, and tools that prepare them for college and/or a career after high school.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
89th percentile
Higher net margin than 89% of similar nonprofits.
Top Officer Pay
83rd percentile
Higher top officer pay than 83% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
88th percentile
Faster asset growth than 88% of similar nonprofits.
Revenue Growth
18th percentile
Faster revenue growth than 18% of similar nonprofits.
Balance Sheet
Assets
Up$36,128
Up $23,786 (+193%) from 2022
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Up$36,128
Up $23,786 (+193%) from 2022
Revenue
Down$38,239
Down $24,952 (-39%) from 2022
Expenses
Down$14,454
Down $42,655 (-75%) from 2022
Net Income
Up$23,785
Up $17,703 (+291%) from 2022
Trend Graphs
Filings
Most recent year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $36,128
- Liabilities
- -
- Net assets
- $36,128
- Revenue
- $38,239
- Expenses
- $14,454
- Net income
- $23,785
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Sep 19, 2024
- Return Version
- 2023v5.0
- Gross Receipts
- $38,239
Mission and Program Overview
Mission
To inspire diverse students to realize their potential by providing them with customized life skills, resources, and tools that prepare them for college and/or a career after high school.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| ORGANIZATION BUILT OUT AN INFRASTRUCTURE, CHANGED THEIR TAX EXEMPT STATUS FROM PRIVATE FOUNDATION TO 501C3, ONBOARDED NUMEROUS STAFF TO RENDER SERVICES TO OVER 30 INDIVIDUALS, OBTAINED GRANT FUNDING, AND GENERALLY BUILT THEIR ORGANIZATION SIGNIFICANTLY DURING 2020. | - | $9,470 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DOMENICO RANDAZZO | President | - | $0 | - | - |
| DOMENICK RANDAZZO | Trustee | - | $0 | - | - |
| ANTHONY LONGO | Trustee | - | $0 | - | - |
| LINCOLN FARQUHARSON | CEO | - | $0 | - | - |
| MICHAEL DEPALMA | Trustee | - | $0 | - | - |
| DANIELLE CODEY | Trustee | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Real World Academy Inc
- EIN
- 84-1931308
- Phone
- 9734499892
- Address
- 714 MAIN STREET, BOONTON, NJ 07005
Signing Officer
- Name
- Lincoln Farquharson
- Title
- CEO
- Phone
- 9734499892
- Signed
- 2024-09-19
Preparer
- Firm
- Curran & Company Llp
- Address
- 59 LINCOLN PARK STE 200, NEWARK, NJ 07102
- Preparer
- Ryan S Curran CPA Jd
- Phone
- 8622797252
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses 1,744 1,299 1,060 bank charges 18 dues & subscriptions 159 total 4,280”
Form 990-ez, Part III
“To inspire diverse students to realize their potential by providing them with customized life skills, resources, and tools that prepare them for college and/or a career after high school.”
Form 990-ez, Part III, Line 28
“Organization built out an infrastructure, changed their tax exempt status from private foundation to 501c3, onboarded numerous staff to render services to over 30 individuals, obtained grant funding, and generally built their organization significantly during 2020.”
Raw XML Appendix138 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.
| Path | # | Value |
|---|---|---|
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| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | LINCOLN FARQUHARSON |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9734499892 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 714 MAIN STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | BOONTON |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 07005 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 12343 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 36128 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 37358 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 23785 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1782 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 12343 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 36128 |
| IRS990EZ/GrossReceiptsAmt | 0 | 38239 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 12343 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 36128 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 12343 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 36128 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 666 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | DOMENICO RANDAZZO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DOMENICK RANDAZZO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | ANTHONY LONGO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | LINCOLN FARQUHARSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | MICHAEL DEPALMA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | DANIELLE CODEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | CEO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | TRUSTEE |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 4280 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO INSPIRE DIVERSE STUDENTS TO REALIZE THEIR POTENTIAL BY PROVIDING THEM WITH CUSTOMIZED LIFE SKILLS, RESOURCES, AND TOOLS THAT PREPARE THEM FOR COLLEGE AND/OR A CAREER AFTER HIGH SCHOOL. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 881 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | ORGANIZATION BUILT OUT AN INFRASTRUCTURE, CHANGED THEIR TAX EXEMPT STATUS FROM PRIVATE FOUNDATION TO 501C3, ONBOARDED NUMEROUS STAFF TO RENDER SERVICES TO OVER 30 INDIVIDUALS, OBTAINED GRANT FUNDING, AND GENERALLY BUILT THEIR ORGANIZATION SIGNIFICANTLY DURING 2020. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 9470 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 7726 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NJ |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 14454 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 9470 |
| IRS990EZ/TotalRevenueAmt | 0 | 38239 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.REALWORLDACADEMY.COM |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 37358 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 7000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 44358 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 202963 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 44358 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 37358 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 7000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 44358 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 44358 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES 1,744 1,299 1,060 BANK CHARGES 18 DUES & SUBSCRIPTIONS 159 TOTAL 4,280 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | TO INSPIRE DIVERSE STUDENTS TO REALIZE THEIR POTENTIAL BY PROVIDING THEM WITH CUSTOMIZED LIFE SKILLS, RESOURCES, AND TOOLS THAT PREPARE THEM FOR COLLEGE AND/OR A CAREER AFTER HIGH SCHOOL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ORGANIZATION BUILT OUT AN INFRASTRUCTURE, CHANGED THEIR TAX EXEMPT STATUS FROM PRIVATE FOUNDATION TO 501C3, ONBOARDED NUMEROUS STAFF TO RENDER SERVICES TO OVER 30 INDIVIDUALS, OBTAINED GRANT FUNDING, AND GENERALLY BUILT THEIR ORGANIZATION SIGNIFICANTLY DURING 2020. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2024-08-08 14:25:15Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LINCOLN FARQUHARSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CEO |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9734499892 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-09-19 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | REAL WORLD ACADEMY INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | REAL |
| ReturnHeader/Filer/EIN | 0 | 841931308 |
| ReturnHeader/Filer/PhoneNum | 0 | 9734499892 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 714 MAIN STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BOONTON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 07005 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 273088059 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CURRAN & COMPANY LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 59 LINCOLN PARK STE 200 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | NEWARK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 07102 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8622797252 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-09-19 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | RYAN S CURRAN CPA JD |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2024-09-19T13:53:53-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
Document Assets
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