Acton School Of Business
- Assets
- $62.7m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Austin, TX
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 20-3185510
Organization Overview
Acton School Of Business is located in Austin, TX. The organization was established in 2005. According to its NTEE Classification (B50) the organization is classified as: Graduate & Professional Schools, under the broad grouping of Education and related organizations. As of 12/2021, Acton School Of Business employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acton School Of Business 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 12/2021, Acton School Of Business generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $490.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PREPARES TALENTED AND DEDICATED STUDENTS FOR EXTRAORDINARY LIVES AS PRINCIPLED ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTON EQUIPS ASPIRING ENTREPRENEURS FOR THE PRACTICAL REALITIES OF BUILDING, RUNNING AND EVENTUALLY HARVESTING A BUSINESS. FROM START TO FINISH, THE ACTON APPROACH TO PREPARING TOMORROW'S BUSINESS LEADERS IS STRIKINGLY DIFFERENT. ACTON FOCUSES NOT JUST ON THE PRACTICAL SKILLS REQUIRED TO RUN A BUSINESS, BUT ALSO THE LEADER BEHIND THE SKILLS THE ENTREPRENEUR HIM OR HERSELF WHOSE DEVELOPMENT IS THE SINGLE MOST IMPORTANT FACTOR IN BUILDING A THRIVING BUSINESS. OUR IMMERSIVE CURRICULUM HAS TRANSITIONED TO AN ONLINE EDUCATION PROGRAM CALLED MY NEXT GREAT ADVENTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff D Sandefer President / Treasurer | OfficerTrustee | 3 | $0 |
Laura Sandefer Secretary | OfficerTrustee | 0.1 | $0 |
Juan Bonafisi Trustee | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,490,960 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,313 |
| Noncash contributions included in lines 1a–1f | $3,240,960 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,602,273 |
| Total Program Service Revenue | $1,190 |
| Investment income | $2,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,606,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,086 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,239 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,378 |
| Fees for services: Accounting | $23,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,534 |
| Fees for services: Other | $959 |
| Advertising and promotion | $18,312 |
| Office expenses | $1,657 |
| Information technology | $13,063 |
| Royalties | $0 |
| Occupancy | $89,759 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $173,092 |
| Insurance | $28,478 |
| All other expenses | $3,589 |
| Total functional expenses | $490,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $416,382 |
| Savings and temporary cash investments | $39,108 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,125 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,442 |
| Net Land, buildings, and equipment | $6,529,253 |
| Investments—publicly traded securities | $13,403,374 |
| Investments—other securities | $0 |
| Investments—program-related | $1,126,594 |
| Intangible assets | $0 |
| Other assets | $41,194,157 |
| Total assets | $62,723,435 |
| Accounts payable and accrued expenses | $29,423 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,423 |
| Net assets without donor restrictions | $62,694,012 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $62,723,435 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Acton School Of Business has recieved totaling $3,294,170.
| Awarding Organization | Amount |
|---|---|
Ed Foundation Johnson City, TX PURPOSE: ORGANIZATIONS OPERATIONS | $3,294,170 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Parker University Dallas, TX | $134,020,772 | $70,650,236 |
Dallas Theological Seminary Dallas, TX | $131,702,199 | $46,931,578 |
South Texas College Of Law Houston Inc Houston, TX | $112,553,219 | $46,352,158 |
Baptist Community Ministries New Orleans, LA | $0 | $15,001,748 |
Brite Divinity School Fort Worth, TX | $131,791,900 | $16,856,485 |
Dallas Seminary Foundation Vision Fund Dallas, TX | $4,584,823 | $10,722,757 |
Grace School Of Theology The Woodlands, TX | $1,343,724 | $6,038,036 |
Rio Grande Bible Institute Inc Edinburg, TX | $14,715,494 | $6,700,846 |
Robert O Anderson School And Graduate School Of Management Foun Albuquerque, NM | $0 | $273,602 |
Academy For The Love Of Learning Inc Santa Fe, NM | $22,846,093 | $2,334,127 |
Ayurvedic Institute Albuquerque, NM | $4,339,366 | $2,514,881 |
Dallas International University Dallas, TX | $5,420,803 | $2,599,528 |