The Investors Academy Inc
Nonprofit profile at a glance
- EIN
- 822621762
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020, Form 990-N 2018
- Location
- Atlanta, GA, USA
- Phone
- 8009902301
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $444,388
- Expenses
- $583,431
- Assets
- $9,267
- Liabilities
- $263,712
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- DARRIN COOK (PRESIDENT)
- MONTRA MCKENZIE (CHIEF EXECUTIVE OFFICER)
People named in this filing
- NOSHA L HARWELL (BOARD OF ADVISORS)
- DARRIN COOK (PRESIDENT)
- DANIEL CHAPMAN (BOARD OF ADVISOR)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To empower underserved individuals, including unhoused veterans, returning citizens, and youth transitioning out of foster care, by providing access to safe housing, workforce training, and comprehensive supportive services (continued on schedule o page 1).
What it reported doing in 2024
Workforce development and job readiness: the organization provides a paid job readiness and workforce training program for unemployed veterans, returning citizens, and youth. Participants receive hands-on training in warehousing, including pallet jack operation, forklift certification, warehouse safety protocols, and osha 10/30 training. The program also includes financial literacy education, life-skills training, career mentorship, and counseling. Upon completion, participants earn industry-recognized certifications and are connected to employment opportunities through employer partnerships. To date, the program has served over 120 participants.
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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 95
- Transparency & Controls: 86
- Accountability: 38
- Sustainability: 13
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 90.3%; rating input score 90
- Fundraising efficiency: $69.89 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 22nd 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: 14.3%; rating input score 14; 14th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -31.3%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 0.02; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: 28.46; rating input score 0; 0th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 40% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: 26.6% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: 20.8% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 90.3% of spending went to programs
- Governance: 1 of 7 board members independent · 5 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $527K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 23 of 24 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- High — Accountability: Independent voting board scored 14/100.
- High — Sustainability: Operating margin scored 9/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 0/100.