Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Real World Academy Inc.
990EZ • Fiscal year 2021 • EIN 84-1931308
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
15th percentile
Higher net margin than 15% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
5th percentile
Faster asset growth than 5% of similar nonprofits.
Revenue Growth
21st percentile
Faster revenue growth than 21% of similar nonprofits.
Balance Sheet
Assets
Down$6,260
Down $23,037 (-79%) from 2020
Net Assets
$6,260
No earlier filing loaded for comparison.
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Down$59,166
Down $27,559 (-32%) from 2020
Expenses
Up$79,203
Up $18,775 (+31%) from 2020
Net Income
Down-$20,037
Down $46,334 (-176%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Jan 24, 2022
- Return Version
- 2021v4.0
- Gross Receipts
- $59,166
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. | - | $67,018 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| GARTH BIRCH | President | - | $0 | - | - |
| DOMENICO RANDAZZO | Vice Preside | - | $0 | - | - |
| ANTHONY LONGO | Trustee | - | $0 | - | - |
| LINCOLN FARQUHARSON | CEO | PT | $0 | - | - |
| KAREN GAYLORD | Trustee | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Real World Academy Inc
- EIN
- 84-1931308
- Phone
- 9734499892
- Address
- 55 MADISON AVENUE SUITE 400, MORRISTOWN, NJ 07960
Signing Officer
- Name
- Lincoln Farquharson
- Title
- CEO
- Phone
- 9734499892
- Signed
- 2022-01-24
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 3,234 1,089 3,087 payroll processing 7,212 bank charges 1,049 outside services 8,314 dues & subscriptions 2,260 merchant account fees 93 purchase 186 total 26,524”
Form 990-ez, Part II, Line 26
“Loan from officer 3,000 0”
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 Appendix130 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | GARTH BIRCH |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9734499892 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 55 MADISON ST SUITE 400 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MORRISTOWN |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 07960 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 29297 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 6260 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -20037 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4550 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 29297 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 6260 |
| IRS990EZ/GrossReceiptsAmt | 0 | 59166 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitialReturnInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 26297 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 6260 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 26297 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 6260 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 150 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 2.00 |
| 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/PersonNm | 0 | GARTH BIRCH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DOMENICO RANDAZZO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | ANTHONY LONGO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | LINCOLN FARQUHARSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | KAREN GAYLORD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | CEO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | TRUSTEE |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 26524 |
| 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 | 59166 |
| 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 | 67018 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 47979 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NJ |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 3000 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 79203 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 67018 |
| IRS990EZ/TotalRevenueAmt | 0 | 59166 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.REALWORLDACADEMY.COM |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 7000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 7000 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 138891 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 7000 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 7000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 7000 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 7000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES 3,234 1,089 3,087 PAYROLL PROCESSING 7,212 BANK CHARGES 1,049 OUTSIDE SERVICES 8,314 DUES & SUBSCRIPTIONS 2,260 MERCHANT ACCOUNT FEES 93 PURCHASE 186 TOTAL 26,524 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | LOAN FROM OFFICER 3,000 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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 | 3 | 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 II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LINCOLN FARQUHARSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CEO |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9734499892 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-01-24 |
| 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 | 55 MADISON AVENUE SUITE 400 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MORRISTOWN |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 07960 |
| 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 | 2022-02-10 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | RYAN S CURRAN CPA JD |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2022-02-10T17:58:30-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | LINCOLN |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | FARQUHARSON |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $6,260
- Liabilities
- -
- Net assets
- $6,260
- Revenue
- $59,166
- Expenses
- $79,203
- Net income
- -$20,037