Imani Cultural Academy Inc is located in Mount Vernon, NY. The organization was established in 2004. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imani Cultural Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Imani Cultural Academy Inc generated $135.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $98.1k during the year ending 06/2022. While expenses have increased by 6.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
WE PROVIDE RECREATIONAL ACTIVITIES AND SERVE AS AN AFTER-SCHOOLSTUDY CENTER AND RESOURCE CENTER FOR YOUTHS AND THECOMMUNITY.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Stephen W Pogue Officio Director | 5 | $0 | |
Fay L Fagan President | 10 | $0 | |
Irene G Boykin Vice President | 10 | $0 | |
Lorna Johnson Treasurer | 10 | $0 | |
Shanie Smith Baugh Secretary | 5 | $0 | |
Kenya Lloyd Secretary | 5 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,423 |
| Total Program Service Revenue | $37,518 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $135,941 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $9,872 |
| Salaries, other compensation, and employee benefits | $33,099 |
| Professional fees and other payments to independent contractors | $26,200 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,883 |
| Total expenses | $98,054 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,624 |
| Other assets | $0 |
| Total assets | $56,505 |
| Total liabilities | $10,885 |
| Net assets or fund balances | $45,620 |