Civic Intelligence

Akers and Akers Foundation Inc

EIN 85-2565918 • 501(c)3 • Van Nuys, CA

Pub. 78 Eligible990-N Coverage

Profile

To educate young african american current and future entrepreneurs to grow and run sustainable and reputable businesses. We teach the principle of developing a lifestyle of entrepreneurship without having to rely on the structure of corporate america. Furthermore, we believe in financial independence; a freedom that can change cyclic patterns of poverty. Our motto as an organization is to support the endeavors of our recipients along with celebrating each of their milestones as they journey through the road to entrepreneurship.

13815 Valerio StVan Nuys, CA 91405

akersandakers.givingfuel.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2023

Net Margin

59th percentile

6.5%

Higher net margin than 59% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

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

Asset Growth

98th percentile

676%

Faster asset growth than 98% of similar nonprofits.

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

Revenue Growth

75th percentile

26%

Faster revenue growth than 75% of similar nonprofits.

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

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$6,225

Up $5,423 (+676%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$6,225

Up $5,423 (+676%) from 2022

Operations
Liabilities / RevenueScore unavailableNet Margin59th percentile

Revenue

Up

$84,060

Up $17,360 (+26%) from 2022

Expenses

Down

$78,637

Down $49,254 (-39%) from 2022

Net Income

Up

$5,423

Up $66,614 (+109%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth98th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2021: $61,993Liabilities 2021: $0Net Assets 2021: $61,9932021Assets 2022: $802Liabilities 2022: $0Net Assets 2022: $8022022Assets 2023: $6,225Net Assets 2023: $6,2252023

Highlighted filing

2023

Assets$6,225
Liabilities-
Net Assets$6,225
Open 2023 Filing

Operations Trend

Revenue Growth75th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2021: $208,445Expenses 2021: $148,158Net Income 2021: $60,2872021Revenue 2022: $66,700Expenses 2022: $127,891Net Income 2022: -$61,1912022Revenue 2023: $84,060Expenses 2023: $78,637Net Income 2023: $5,4232023

Highlighted filing

2023

Revenue$84,060
Expenses$78,637
Net Income$5,423
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,225
Liabilities
-
Net assets
$6,225
Revenue
$84,060
Expenses
$78,637
Net income
$5,423
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.06$0.06$0.84$0.79$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.67$1.28$0.61
2021Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$2.08$1.48$0.60
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 4, 2025
Return Version
2023v6.0
Gross Receipts
$84,060
Mission and Program Overview

Mission

To educate young african american current and future entrepreneurs to grow and run sustainable and reputable businesses. We teach the principle of developing a lifestyle of entrepreneurship without having to rely on the structure of corporate america. Furthermore, we believe in financial independence; a freedom that can change cyclic patterns of poverty. Our motto as an organization is to support the endeavors of our recipients along with celebrating each of their milestones as they journey through the road to entrepreneurship.

Program Services

DescriptionGrantsExpenses
TO PROVIDE RESOURCES TO DEVELOP ENTREPRENEUR & FINANCE LITERACY PROGRAMS, TECH EDUCATION, AND BUSINESS DEVELOPMENT.$75,026$78,637
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ZERINA AKERSPresidentPT$0--
ZERINA SPALDINGSecretary-$0--
DANIELLE SIMMSTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Akers & Akers Foundation Inc
EIN
85-2565918
Phone
2403048591
Address
13815 VALERIO ST, VAN NUYS, CA 91405

Signing Officer

Name
Zerina Akers
Title
President
Phone
2403048591
Signed
2025-02-04
Discuss with paid preparer
Yes

Preparer

Firm
Psk Llp
Address
3001 MEDLIN DR STE 100, ARLINGTON, TX 76015
Preparer
Susan Harris
Phone
8176643000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

“Cash contribution: 75,026”

Form 990-ez, Part I, Line 16

“Expenses bank fees 309 filing fees 20 total 329”

Form 990-ez, Part III

“To educate young african american current and future entrepreneurs to grow and run sustainable and reputable businesses. We teach the principle of developing a lifestyle of entrepreneurship without having to rely on the structure of corporate america. Furthermore, we believe in financial independence; a freedom that can change cyclic patterns of poverty. Our motto as an organization is to support the endeavors of our recipients along with celebrating each of their milestones as they journey through the road to entrepreneurship.”

Raw XML Appendix127 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.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0VAN NUYS
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IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd091405
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
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IRS990EZ/OtherExpensesTotalAmt0329
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROVIDE RESOURCES TO DEVELOP ENTREPRENEUR & FINANCE LITERACY PROGRAMS, TECH EDUCATION, AND BUSINESS DEVELOPMENT.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt075026
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt078637
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SubjectToProxyTaxInd0false
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IRS990EZ/TotalRevenueAmt084060
IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt084060
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0208445
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02070
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0361275
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/SubstantialContributorsTotAmt063548
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02070
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0361275
IRS990ScheduleA/TotalSupportAmt0361275
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CASH CONTRIBUTION: 75,026
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES BANK FEES 309 FILING FEES 20 TOTAL 329
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO EDUCATE YOUNG AFRICAN AMERICAN CURRENT AND FUTURE ENTREPRENEURS TO GROW AND RUN SUSTAINABLE AND REPUTABLE BUSINESSES. WE TEACH THE PRINCIPLE OF DEVELOPING A LIFESTYLE OF ENTREPRENEURSHIP WITHOUT HAVING TO RELY ON THE STRUCTURE OF CORPORATE AMERICA. FURTHERMORE, WE BELIEVE IN FINANCIAL INDEPENDENCE; A FREEDOM THAT CAN CHANGE CYCLIC PATTERNS OF POVERTY. OUR MOTTO AS AN ORGANIZATION IS TO SUPPORT THE ENDEAVORS OF OUR RECIPIENTS ALONG WITH CELEBRATING EACH OF THEIR MILESTONES AS THEY JOURNEY THROUGH THE ROAD TO ENTREPRENEURSHIP.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ARLINGTON
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ReturnHeader/PreparerPersonGrp/PhoneNum08176643000
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUSAN HARRIS
ReturnHeader/ReturnTs02025-02-17T17:34:17-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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