Academic Institute Of Central Carolina Inc
- Assets
- $37.5k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 12/2010
- Data as of
- 12/2023
- EIN
- 27-4115066
Organization Overview
Academic Institute Of Central Carolina Inc is located in Charlotte, NC. The organization was established in 2010. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academic Institute Of Central Carolina 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 12/2023, Academic Institute Of Central Carolina Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 22.2% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE AND PROVIDE PRE COLLEGE SERVICES TO PERSONS WHO ARE TRADITIONALLY UNDER REPRESENTED IN POST SECONDARY EDUCATION IN MECKLENBURG, GASTON AND UNION COUNTIES IN NC. TO ENSURE THAT INCOME OR FAMILY EDUCATION BACKGROUND DOES NOT DETER THERE PREPARATION, ENTRY AND COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL TALENT SEARCH (ETS) IS A FEDERALLY FUNDED PROGRAM FOR ELIGIBLE 6TH-12TH GRADE STUDENTS AT NO COST. EDUCATIONAL TALENT SEARCH PROVIDES ACADEMIC SUPPORT, CAREER ADVISEMENT, AND FINANCIAL AID COUNSELING TO ELIGIBLE MIDDLE AND HIGH SCHOOL STUDENTS. ETS ALSO ENCOURAGES STUDENTS TO SUCCESSFULLY COMPLETE EACH GRADE LEVEL, GRADUATE FROM HIGH SCHOOL, AND ENROLL INTO COLLEGE. EDUCATIONAL TALENT SEARCH SERVES STUDENTS AT 5 CMS MIDDLE AND 5 HIGH SCHOOLS. JANUARY 1 2021 - VISION BOARD PARTY (GARINGER HIGH SCHOOL) - 60 STUDENTS JANUARY 14 2021 - SOPHOMORE DAY (OFFICE) - 20 STUDENTS JANUARY 16 2021 - BIOLOGY REVIEW ACTIVITY(OFFICE) - 15 STUDENTSJANUARY 18 2021 - ACADEMIC SATURDAY (GARINGER HIGH SCHOOL) - 65 STUDENTS JANUARY 24 2021 - CLEMSON UNIVERSITY COLLEGE TOUR - 50STUDENTS FEBRUARY15 2021 - ACADEMIC SATURDAY (GARINGER HIGH SCHOOL) =70 STUDENTS FEBRUA
UPWARD BOUND PROGRAM AT THE ACADEMIC INSTITUTE OF CENTRAL CAROLINA PROVIDES FUNDAMENTAL SUPPORT TO PARTICIPANTS IN THEIR PREPARATION FOR COLLEGE ENTRANCE AND COLLEGE COMPLETION. THE PROGRAM PROVIDES OPPORTUNITIES FOR PARTICIPANTS TO SUCCEED IN PRE-COLLEGE PERFORMANCE AND ULTIMATELY IN HIGHER EDUCATION PURSUITS. THE GOAL OF UPWARD BOUND IS TO INCREASE THE RATES AT WHICH PARTICIPANTS ENROLL INTO AND GRADUATE FROM INSTITUTIONS OF POST-SECONDARY EDUCATION. UPWARD BOUND SUPPLEMENT THE STUDENT'S HIGH SCHOOL EXPERIENCE WITH ACADEMIC PREPARATION, CAREER EXPLORATION, AND SELF-DEVELOPMENT OPPORTUNITIES. JANUARY 11 2022 - VISION BOARD PARTY (GARINGER HIGH SCHOOL) - 35 STUDENTS JANUARY 14 2022 - SOPHOMORE DAY (OFFICE) - 20 STUDENTS JANUARY 16 2022 - BIOLOGY REVIEW ACTIVITY (OFFICE) - 15 STUDENTSJANUARY 18 2022 - ACADEMIC SATURDAY (GARINGER HIGH SCHOOL) - 65 STUDENTS JANUARY 24 2022 - CLEMSON UNIVERSITY COLLEGE TOUR - 50 STUDENTS FEB UBE
UPWARD BOUND STRIVES TO PROVIDE ACADEMIC CHALLENGES AND EMOTIONAL AND SOCIAL SUPPORT IN ORDER TO RAISE PARTICIPANTS' SELF-CONCEPT, ENHANCE THEIR SELF-DEVELOPMENT AND ACHIEVE THEIR FULL POTENTIAL. STARTING AT ENROLLMENT, STUDENTS ARE ENCOURAGED TO REMAIN IN THE PROGRAM AND TO ACHIEVE SUCCESS IN THEIR ACADEMIC AND PERSONAL DEVELOPMENT THROUGHOUT THEIR HIGH SCHOOL CAREERS INTO COLLEGE. STUDENTS REMAIN IN THE PROGRAM FROM THE TIME OF THEIR ACCEPTANCE STARTING FROM 9TH GRADE UNTIL THEIR HIGH SCHOOL GRADUATION. WHEN THEY LEAVE THE PROGRAM AND ENROLL INTO COLLEGE, THE STAFF STILL CONTINUES TO TRACK THEM, AND PROVIDE COORDINATING SERVICES WITH OTHER COLLEGES ON THEIR BEHALF. FEBRUARY 20, 2022- JUNIORDAY(OFFICE)- 25 STUDENTS FEBRUARY 22, 2022- AICC ENCHANTED EVENING FORMAL AFFAIR - 30 STUDENTS MARCH7 2022- UB PROFESSIONAL SENIOR WORKSHOP DAY (OFFICE)- 25 STUDENTS JUNE 4, 2022-SENIOR DRIVE IN PARADE (OFFICE) - 25 STUDENTS JULY 28, 2022- JULY29TH- UB SUMMER C
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Kingsberry Executive Dir. | Trustee | 0 | $0 |
Linda Johnson President | Officer | 0 | $0 |
Leslie Walker Vice President | Officer | 0 | $0 |
Sherry Caldwell Secretary | Officer | 0 | $0 |
Joy Carpenter Chairman | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,333,676 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,333,676 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,333,676 |
| 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 | $779,403 |
| Pension plan accruals and contributions | $9,348 |
| Other employee benefits | $71,315 |
| Payroll taxes | $42,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $116,813 |
| Information technology | $428 |
| Royalties | $0 |
| Occupancy | $36,850 |
| Travel | $222,353 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $14,061 |
| Total functional expenses | $1,395,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,209 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $18,281 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,490 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $37,490 |
| Total liabilities and net assets/fund balances | $37,490 |