AKAdemic FOUNDATION INC

Nonprofit profile at a glance

EIN
020572208
IRS 990-EZ coverage
2017–2024
Forms available
Form 990 2023, Form 990-EZ 2024, Form 990-N 2016
Location
Fort Lauderdale, FL, USA
Phone
9544013800
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$84,027
Expenses
$79,986
Assets
$122,712

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • DELORES McKINLEY (PRESIDENT)
  • DESTINY DeJESUS (VICE PRESIDENT)

People named in this filing

  • DELORES McKINLEY (PRESIDENT)
  • CHANADRA YOUNG WHITING (DIRECTOR)
  • ELIZABETH PINNOCK (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide charitable and educational opportunities by providing schorlarships, youth & families cultural enrichment, financial education and self motivtion.

What it reported doing in 2024

Providing scholarships to graduating high school seniors.thirty-four scholarships were given.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 75
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.1%; rating input score 92
  • Program expense ratio: 96.7%; rating input score 97

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 3rd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 4.8%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 1.53; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 23.4% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 3.4% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: 9.8% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 92.1% of revenue deployed · 96.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $77K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Operating margin scored 54/100.
  • Review — Sustainability: Total-asset coverage ratio scored 58/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.