Entrepreneurs Academy

Nonprofit profile at a glance

EIN
844713958
IRS 990 coverage
2022–2023
Forms available
Form 990 2023, Form 990-N 2021
Location
Chicago, IL, USA
Rating
56
Verdict
MIXED
Rating confidence
Moderate
Sector
Vocational, Technical Schools

Reported finances

Revenue
$611,817
Expenses
$461,732
Assets
$312,899
Liabilities
$115,486

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • PHILIP FAIRWEA (PRESIDENT)
  • PHILIP FAIRWEA (PRESIDENT)

Highest reported compensation

  • PHILIP FAIRWEA (PRESIDENT): $75,898 total reported compensation
  • PHILIP FAIRWEA (PRESIDENT): $75,898 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide pathways to entrepreneurship, workforce modernization, and invovation for under-resourced communities of color to create a safer, healthier, and more economically inclusive world.

What it reported doing in 2023

Entrpreneurship training program - training workshops which are

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 78
  • Accountability: 21
  • Sustainability: 50
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 43.1%; rating input score 43
  • Program expense ratio: 57.1%; rating input score 57
  • Fundraising efficiency: $48.98 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 81.8%; rating input score 82; 1st percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 24.5%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 0.68; rating input score 30; 30th percentile among comparable filings
  • Liabilities to assets ratio: 0.37; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 32.9%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 71.7% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 50% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 108.8% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 43.1% of revenue deployed · 57.1% of spending went to programs
  • Governance: 0 of 3 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $263K in reported program spending
  • Leadership: top reported pay $76K · 10 people listed
  • Consistency: 24 of 26 current checks pass · 2 findings to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 2 filing years from 2022 to 2023
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
  • High — Accountability: Independent voting board scored 0/100.
  • Review — Financial Efficiency: Program expense ratio scored 57/100.
  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Schedule D other liabilities reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.