Atlanta Youth Academies Inc
- Assets
- $13.2m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 32
- Location
- Atlanta, GA
- Founding
- 08/2000
- Data as of
- 07/2023
- EIN
- 58-2486405
Organization Overview
Atlanta Youth Academies Inc is located in Atlanta, GA. The organization was established in 2000. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 07/2023, Atlanta Youth Academies Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlanta Youth Academies 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 07/2023, Atlanta Youth Academies Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $3.6m during the year ending 07/2023. While expenses have increased by 9.5% per year over the past 8 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
ATLANTA YOUTH ACADEMIES, INC. EXISTS TO ADVANCE THE KINGDOM OF GOD BY PROVIDING AN EXCELLENT, CHRIST-CENTERED EDUCATION IN LOW INCOME, URBAN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A PRIVATE ELEMENTARY SCHOOL IN INNER CITY FOR 150 CHILDREN, IN GRADES PRE K-8TH, WITH 32 STAFF.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence F Teem Founder & Chairman | OfficerTrustee | 5 | $0 |
Harold Melton Director | Trustee | 0.3 | $0 |
Jay Simms Director | Trustee | 0.3 | $0 |
Donyal Andrews Director | Trustee | 0.3 | $0 |
David Edwards Director | Trustee | 0.3 | $0 |
Peter Rooney President | Officer | 20 | $264,460 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,186,006 |
| Government grants | $294,795 |
| 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 | $2,480,801 |
| Total Program Service Revenue | $1,077,914 |
| 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 | $3,558,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,876 |
| 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. | $318,753 |
| Compensation of current officers, directors, key employees. | $127,501 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,426,103 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $283,724 |
| Payroll taxes | $131,393 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $232,637 |
| Advertising and promotion | $0 |
| Office expenses | $25,212 |
| Information technology | $37,621 |
| Royalties | $0 |
| Occupancy | $420,040 |
| Travel | $21,828 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,734 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,482 |
| Insurance | $60,413 |
| All other expenses | $175,057 |
| Total functional expenses | $3,600,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $831,268 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,905 |
| 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 | $6,492 |
| Net Land, buildings, and equipment | $23,067 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,306,712 |
| Total assets | $13,188,444 |
| Accounts payable and accrued expenses | $267,118 |
| Grants payable | $0 |
| Deferred revenue | $705,103 |
| 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 | $972,221 |
| Net assets without donor restrictions | $44,853 |
| Net assets with donor restrictions | $12,171,370 |
| 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 | $13,188,444 |
Grants Awarded
Over the last fiscal year, Atlanta Youth Academies Inc has awarded $14,673 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SET FREE MINISTRIES PURPOSE: CLIENT REHABILITATION | $8,673 |
CLAYTON STATE UNIVERSITY FOUNDATION INC PURPOSE: SCHOLARSHIP FUND | $6,000 |