Founders Academy

Nonprofit profile at a glance

EIN
954733811
IRS 990 coverage
2010–2022
Forms available
Form 990 2022
Location
West Hollywood, CA, USA
Phone
8002833921
Rating confidence
Limited
Sector
Educational Services and Schools - Other

Official website

Reported finances

Revenue
$0
Expenses
$0
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

3 people listed

People named in this filing

  • DIANE LOUIE (Executive Direc)
  • DIANE LOUIE (Secretary)
  • DIANE LOUIE (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. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Founders academy serves teenaged children (13 to 18) of recovering addicts in south central los angeles, watts and comption in los angeles county, California. Founders academy believes that education is both an entitlement and an obligation of all citizens. It strives to be a place where the optimum human condition is identified, modeled and embraced by all. It seeks to fulfill its commitment to the education, character and life of each student and his/her family.its programs support adult literacy, self-sufficiency, guidance for foster children who are aging out of services, and high school and college preparedness traning through after-school supplements, tutoring, mentoring, parent counseling, life skills training, school placement consultancy, and scholarships.

What it reported doing in 2022

Founders academy serves teenaged children (13 to 18) of recovering addicts in south central los angeles, watts and compton in los angeles county, California. Founders academy believes that education is both an entitlement and an obligation of all citizens. It strives to be a place where the optimum human condition is identified, modeled and embraced by all. It seeks to fulfill its commitment to the education, character and life of each student and his/her family.its programs support adult literacy, self-sufficiency, guidance for foster children who are aging out of services, and high school and college preparedness traning through after-school supplements, tutoring, mentoring, parent counseling, life skills training, school placement consultancy, and scholarships.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 75
  • Accountability: 6
  • Sustainability: NotEnoughData
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 83.3%; rating input score 83; 4th 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: 0%; rating input score 0; 9th percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -35.3% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: -12.7% per year; rating input score 0; 30th percentile among comparable filings
  • Asset growth: -29.8% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 0 of 1 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 12 filing years from 2010 to 2022
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 5 of 6 not reported.
  • Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.