The information for American Hebrew Academy Inc is as of the organization's most recent filing in June 2020. This organization is located in Greensboro, NC. It has been in existence for 20 years, following its founding in 2000.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The American Hebrew Academy Inc's NTEE code is B25. The "B" tells us that the organization is classified along with Secondary & High Schools. The "25" tells us that the organization is an Education organization. The NTEE describes Education organizations as schools comprising any span of grades beginning with the next grade following an elementary school and ending at or below grade 12. This includes junior high schools or intermediate schools and high schools which provide formal instruction for students who want to prepare further education at the college level or for employment following graduation.
Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the American Hebrew Academy Inc is to graduate globally-minded, morally conscious students who are confident on their path to personal fulfillment and professional achievement, and who are committed to improving the lives of others.
American Hebrew Academy, Inc. was founded in 2001 to provide a modern American college preparatory program in conjunction with a Jewish secondary education to motivated students in a Jewish boarding school setting. In 2019, AHA rebranded to AHA International School, adopting a nonsectarian mission and opening its doors to students of all faiths, cultures, and backgrounds from around the world, in order to educate a new generation of diverse global citizens.
American Hebrew Academy Inc is run by Ni Zhang, who is the President. The organization has 141 employees, of whom 3 are paid more than $100k per year (according to the organization's most recent 990 tax filing). Supporting the paid staff are 10 volunteers.
The American Hebrew Academy Inc is governed by a board of three voting members and three independent members. Although potential conflicts of interest exist, the organization has a conflict of interest policy in place that requires disclosure of any conflicts. Board meetings are documented, however committee meetings are not. The organization also has a document retention policy, but does not have a written whistleblower policy. Furthermore, the organization does not substantiate and review leadership or officer's salaries, nor does it provide copies of the 990 to the board prior to filing. Overall, the American Hebrew Academy Inc has established policies and procedures to ensure good governance, however there are still some areas that need to be addressed in order to ensure compliance with all applicable laws and regulations.
The American Hebrew Academy Inc has seen growth in the five-year period from 2014 to 2019. The total revenue increased from $6.8M to $16.1M, while the contributions & grants received increased from $2.6M to $15.7M. Employee salaries also saw a rise from $5.6M to $6.7M. However, program service revenue decreased from $4.2M to $408.8K, and total employees decreased from 151 to 141. Furthermore, the number of volunteers rose from 0 to 10, but this is not meaningful over this time period.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Qinghua Zhao Secretary/assoc. Head Of School | OfficerTrustee | 40 | $232,084 |
William Scarborough CFO | Officer | 40 | $60,056 |
Shong Gao Vice President | OfficerTrustee | 5 | $0 |
Weisheng Lu Treasurer | OfficerTrustee | 5 | $0 |
Wei Yang Board Chair | OfficerTrustee | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $15,651,317 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $27,545 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $16,098,225 |
Statement of Expenses | |
---|---|
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. | $745,189 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $802,609 |
Pension plan accruals and contributions | $25,144 |
Other employee benefits | $35,078 |
Payroll taxes | $84,735 |
Fees for services: Management | $0 |
Fees for services: Legal | $160,034 |
Fees for services: Accounting | $23,430 |
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 | $5,646 |
Information technology | $122,129 |
Royalties | $0 |
Occupancy | $265,223 |
Travel | $69,850 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $18,839 |
Interest | $6,815,848 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,235,602 |
Insurance | $319,031 |
All other expenses | $0 |
Total functional expenses | $14,199,532 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $597,820 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,533 |
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 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $13,750 |
Total assets | $66,328,577 |
Accounts payable and accrued expenses | $298,796 |
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 | $27,960,500 |
Unsecured mortgages and notes payable | $743,059 |
Other liabilities | $4,117,446 |
Total liabilities | $33,119,801 |
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 |
Total liabilities and net assets/fund balances | $33,208,776 |
Over the last fiscal year, we have identified 1 grants that American Hebrew Academy Inc has recieved totaling $6.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Organization Name | Assets | Revenue |
---|---|---|
Protestant Episcopal High School In Virginia Alexandria, VA | $560,084,637 | $67,951,795 |
The Baylor School Chattanooga, TN | $270,105,763 | $47,683,171 |
Woodberry Forest School Woodberry Forest, VA | $643,383,708 | $54,060,513 |
University Of Nashville Montgomery Bell Academy Nashville, TN | $303,405,415 | $41,667,135 |
Rabun Gap-Nacoochee School Rabun Gap, GA | $105,001,665 | $32,375,355 |
Tallulah Falls School Inc Tallulah Falls, GA | $76,684,503 | $23,311,796 |
Cary Academy Cary, NC | $92,134,722 | $26,213,526 |
Whitefield Academy Inc Mableton, GA | $76,378,322 | $24,777,271 |
Battle Ground Academy Of Franklin Tennessee Franklin, TN | $62,773,782 | $25,765,415 |
Riverside Military Academy Inc Gainesville, GA | $79,257,666 | $23,072,082 |
National Association Of Secondary -School Principals Reston, VA | $56,104,392 | $28,736,000 |
Asheville School Incorporated Asheville, NC | $109,072,100 | $30,624,972 |