Academit Nfp
Nonprofit profile at a glance
- EIN
- 824812226
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-N 2023
- Location
- Wheeling, IL, USA
- Phone
- 2246424151
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Management & Technical Assistance
Reported finances
- Revenue
- $951,676
- Expenses
- $899,968
- Assets
- $176,636
- Liabilities
- $147,004
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Highest reported compensation
- SCOTT BELL (Executive Dir.): $37,609 total reported compensation
- PAULO GUEDES (OPS MANAGER): $31,643 total reported compensation
- ALAN ROGERS (NETWORK LEAD): $29,340 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Not-for-profits do amazing work improving the world we live in every day. At academit, we help these organizations extend their reach and efficiency, by improving their technology capacity and helping them to overcome technical obstacles.
What it reported doing in 2024
Strategic client expansion: welcomed fox reiver grove school district as academit's first public school distric client, reflecting intentional expansion of the organization's service model into small public districts with limited it capacity. The district has since renewed services.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 90
- Accountability: 60
- Sustainability: 31
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.2%; rating input score 84
- Program expense ratio: 84.7%; rating input score 85
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 16th percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5.4%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 0.2; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: 0.83; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 13.8%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 84.2% of revenue deployed · 84.7% of spending went to programs
- Governance: 3 of 4 board members independent · 3 of 8 filing controls reported
- Programs: 5 filed program accomplishments · $763K in reported program spending
- Leadership: top reported pay $38K · 5 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 4 filed schedules
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 9/100.
- Review — Sustainability: Operating margin scored 51/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- High — Sustainability: Officer compensation ratio scored 26/100.