Achievement Academy of Durham
- Assets
- $56.8k
- Revenue
- $265.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Durham, NC
- Founding
- 06/2005
- Data as of
- 06/2017
- EIN
- 41-2167219
Organization Overview
Achievement Academy of Durham is located in Durham, NC. The organization was established in 2005. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2017, Achievement Academy of Durham employed 4 individuals. Achievement Academy of Durham 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 06/2017, Achievement Academy of Durham generated $265.6k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $307.8k during the year ending 06/2017. While expenses have increased by 11.0% per year over the past 2 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
AAD TEACH AND SUPPORT YOUNG ADULTS WHO HAVE DROPPED OUT OF SCHOOL IN ORDER TO RECONNECT THEM TO THE OPPORTUNITIES AN EDUCATION PROVIDES. AAD HELP STUDENTS GAIN CRITICAL READING SKILLS,EARN THEIR NC EQUIVALENCY DIPLOMA AND COMPLETE COLLEGE PREPARATORY TRAINING SO THEY CAN SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACHIEVEMENT ACADEMY OF DURHAMS HIGH SCHOOL EQUIVALENCY PROGRAM SERVES STUDENTS WHO ENROLL AT AAD WITH AT LEAST A 9TH GRADE LEVEL READING. STUDENTS IN THE PROGRAM WORK IN TEACHER-FACILITATED CLASSES, WITH A MAXIMUM STUDENT TEACHER RATIO OF 8:1. STUDENTS ARE PREPARED TO PASS THE 4 SUBJECT AREA TESTS: SOCIAL STUDIES, LANGUAGE ARTS, MATH AND SCIENCE. THE LOCAL COMMUNITY COLLEGE IS THE TESTING SITE. IN 2016/17, 76 STUDENTS WHO PASSED A TOTAL OF 87 TESTS AND 19 STUDENTS GRADUATED.
THE ACHIEVEMENT ACADEMY OF DURHAMS STARTING POINTS PROGRAM SERVES STUDENTS WHO ENROLL AT AAD WITH ELEMENTARY-MIDDLE SCHOOL READING LEVELS. WITH HELP FROM TRAINED VOLUNTEER TUTORS, STAFF IS ABLE TO OFFER INTENSIVE, INDIVIDUALIZED DIAGNOSTIC AND INSTRUCTIONAL SUPPORT TO HELP STUDENTS MAKE RAPID PROGRESS IN READING, WRITING, LANGUAGE AND MATHEMATICS. IN 2016/17, THE PROGRAM SERVED 33 STUDENTS. 64% OF THE STUDENTS WHO REMAINED ENROLLED FOR AT LEAST ONE QUARTER INCREASED THEIR READING PROFICIENCY BY ONE OR MORE GRADE LEVELS.
ACHIEVEMENT UNIVERSITY - IN ADDITION TO THE HIGH-SCHOOL EQUIVALENCY PROGRAMS, WE HAVE TWO CONTRACT EMPLOYEES THAT PROVIDE ADDITIONAL SERVICES.THEY ARE OUR EMPLOYER ENGAGEMENT ASSOCIATE AND OUR POSTSECONDARY RESOURCESPECIALIST. THESE ARE CONTRACT EMPLOYEES WHO WORK AS PART OF OUR MADE IN DURHAM COLLABORATION. THE EMPLOYER ENGAGEMENT ASSOCIATE WORKS TO HELP OUR STUDENTS DEVELOP JOB READINESS SKILLS THROUGH INTERNSHIPS, SEMINARS, ANDFIELD TRIPS. THE POSTSECONDARY RESOURCE SPECIALIST RUNS A COLLEGE READINESS SEMINAR FOR ALL STUDENTS WHO HAVE PASSED TWO OF THE FOUR SUBJECT-AREA EXAMS. SHE ALSO SUPPORTS OUR GRADUATES IN THEIR POST-SECONDARY PURSUITS.ENROLLED POST-SECONDARY STUDENTS (AND GRADUATES) HAVE ACCESS TO ACADEMIC TUTORING, ADVISEMENT, CASE MANAGEMENT SUPPORT, AND PAID WORK-STUDY EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Cox Executive Director | Trustee | 40 | $34,304 |
Daniel Oldman Treasurer | Officer | 4 | $0 |
Wendy Mccorkle Chair | Officer | 1 | $0 |
Mark Kubaczk Director | Officer | 1 | $0 |
Darlene Hampton Director | Officer | 1 | $0 |
Ed Boyd Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,499 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,274 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,773 |
| Total Program Service Revenue | $38,840 |
| Investment income | $17 |
| 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 | $265,630 |
| 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. | $34,305 |
| Compensation of current officers, directors, key employees. | $6,861 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,858 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,645 |
| Payroll taxes | $11,987 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,638 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,210 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,057 |
| Information technology | $4,808 |
| Royalties | $0 |
| Occupancy | $9,845 |
| 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 | $3,886 |
| Insurance | $2,504 |
| All other expenses | $6,189 |
| Total functional expenses | $307,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,916 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,522 |
| 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 | $5,987 |
| Net Land, buildings, and equipment | $6,026 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,350 |
| Total assets | $56,801 |
| Accounts payable and accrued expenses | $14,472 |
| 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 | $1,633 |
| Total liabilities | $16,105 |
| Unrestricted restricted net Assets | $40,696 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $40,696 |