Achievement First Inc
- Assets
- $52.8m
- Revenue
- $64.4m
- Investments
- $0.0
- Employees
- 367
- Location
- New Haven, CT
- Founding
- 05/2004
- Data as of
- 06/2021
- EIN
- 65-1203744
Organization Overview
Achievement First Inc is located in New Haven, CT. The organization was established in 2004. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Achievement First Inc employed 367 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Achievement First 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 06/2021, Achievement First Inc generated $64.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $42.6m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Achievement First Inc has awarded 55 individual grants totaling $64,892,669. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACHIEVEMENT FIRST, INC. IS A NON-PROFIT CHARTER SCHOOLS MANAGEMENT ORGANIZATION THAT OPERATES A NETWORK OF K-12 PUBLIC CHARTER SCHOOLS IN CONNECTICUT, RHODE ISLAND, AND NEW YORK. THE NETWORK OF SCHOOLS FOCUSES ON PROVIDING STUDENTS WITH THE ACADEMIC AND CHARACTER SKILLS THEY NEED TO GRADUATE FROM TOP COLLEGES, TO SUCCEED IN A COMPETITIVE WORLD, AND TO SERVE AS THE NEXT GENERATION OF LEADERS OF THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL, FINANCIAL AND MANAGEMENT SERVICES TO CHARTER SCHOOLS IN CONNECTICUT, NEW YORK AND RHODE ISLAND.
SCHOOL GRANTS: TO PROVIDE ASSISTANCE TO A NETWORK OF K-12 PUBLIC CHARTER SCHOOLS IN CONNECTICUT, RHODE ISLAND, AND NEW YORK. THE NETWORK OF SCHOOLS FOCUSES ON PROVIDING STUDENTS WITH THE ACADEMIC AND CHARACTER SKILLS THEY NEED TO GRADUATE FROM TOP COLLEGES, TO SUCCEED IN A COMPETITIVE WORLD, AND TO SERVE AS THE NEXT GENERATION OF LEADERS OF THEIR COMMUNITIES. CONTRIBUTIONS, GIFTS, AND GRANTS WERE RECEIVED BY THE ORGANIZATION WHICH WERE USED TO COVER THE EXPENSES OF THESE PROGRAMS.
IMPROVEMENT OF EDUCATIONAL EXPERIENCES RELATED TO PREPARATION AND SUCCESS IN COLLEGE, INNOVATION IN ELEMENTARY SCHOOL DESIGN, PARENT AND COMMUNITY ENGAGEMENT AND, SHARING EDUCATIONAL PRACTICES WITH TRADITIONAL PUBLIC AND OTHER CHARTER SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dacia Toll Co-Ceo And President | Officer | 40 | $287,184 |
Stephanie Blake Regional Superintendent | 40 | $251,230 | |
Victor DE La Paz Chief Financial Officer | Officer | 40 | $208,719 |
Chi Young Tschang Regional Superintendent | 40 | $205,981 | |
Fatimah Barker Chief External Officer | 40 | $196,454 | |
Douglas Mccurry Outgoing Co-Ceo And Superintendent | Officer | 40 | $190,330 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Masana Tech Llc Consultant Services & Computer Repair | 6/29/21 | $103,493 |
Digital Back Office Internet Services | 6/29/21 | $1,273,312 |
Creative Financial Staffing Temporary Staffing | 6/29/21 | $127,470 |
Custom Computer Specialists Inc Data Services | 6/29/21 | $305,362 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,133,282 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,759,084 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,892,366 |
| Total Program Service Revenue | $29,551,514 |
| Investment income | $83,780 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,450 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,422,955 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,217,160 |
| Grants and other assistance to domestic individuals. | $87,698 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $543,685 |
| Compensation of current officers, directors, key employees. | $71,132 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,643,793 |
| Pension plan accruals and contributions | $454,362 |
| Other employee benefits | $2,133,838 |
| Payroll taxes | $2,392,767 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125,634 |
| Fees for services: Accounting | $51,651 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,653,642 |
| Advertising and promotion | $156,006 |
| Office expenses | $185,943 |
| Information technology | $418,451 |
| Royalties | $0 |
| Occupancy | $259,787 |
| Travel | $38,845 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,040 |
| Insurance | $14,811 |
| All other expenses | $755,602 |
| Total functional expenses | $42,587,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,001,267 |
| Savings and temporary cash investments | $5,185 |
| Pledges and grants receivable | $18,325,260 |
| 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 | $3,666,350 |
| Net Land, buildings, and equipment | $26,688 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,786,311 |
| Total assets | $52,811,061 |
| Accounts payable and accrued expenses | $3,237,896 |
| 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 | $5,308,966 |
| Other liabilities | $1,638,323 |
| Total liabilities | $10,185,185 |
| Net assets without donor restrictions | $24,465,284 |
| Net assets with donor restrictions | $18,160,592 |
| 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 | $52,811,061 |
Grants Awarded
Over the last fiscal year, Achievement First Inc has awarded $4,280,514 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
New Haven, CT PURPOSE: TO SUPPORT THE GENERAL OPERATING EXPENSES OF THE SCHOOL. | $2,005,797 |
New Haven, CT PURPOSE: TO SUPPORT THE GENERAL OPERATING EXPENSES OF THE SCHOOL. | $860,045 |
New Haven, CT PURPOSE: TO SUPPORT THE GENERAL OPERATING EXPENSES OF THE SCHOOL. | $707,950 |
New Haven, CT PURPOSE: TO SUPPORT THE GENERAL OPERATING EXPENSES OF THE SCHOOL. | $422,408 |
New Haven, CT PURPOSE: TO SUPPORT THE GENERAL OPERATING EXPENSES OF THE SCHOOL. | $167,836 |
New Haven, CT PURPOSE: TO SUPPORT THE GENERAL OPERATING EXPENSES OF THE SCHOOL. | $116,478 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Achievement First Inc has recieved totaling $425,150.
| Awarding Organization | Amount |
|---|---|
Sea Cove Foundation Inc Westport, CT PURPOSE: SUPPORT OF CONNECTICUT CHARTER SCHOOLS | $400,000 |
Newcity Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
Newcity Foundation Wilmington, DE PURPOSE: TO SEND AF SCHOLARS TO SUMMER CAMP | $3,000 |
Newcity Foundation Wilmington, DE PURPOSE: CHARITABLE EVENT | $2,150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ascend Charter Schools Brooklyn, NY | $45,182,055 | $130,071,368 |
Kipp Nyc Public Charter Schools Ii New York, NY | $29,013,020 | $109,312,231 |
The Academy Charter School Hempstead, NY | $181,369,373 | $54,353,660 |
Public Prep Charter School Academies Bronx, NY | $28,993,375 | $52,903,915 |
Achievement First Inc New Haven, CT | $52,811,061 | $64,422,955 |
Explore Excel Charter School Brooklyn, NY | $21,686,253 | $46,865,700 |
Rhode Island Mayoral Academy Cumberland, RI | $44,692,718 | $42,226,919 |
Brooklyn Prospect Charter School Brooklyn, NY | $14,747,543 | $42,286,541 |
Little Red School House Inc New York, NY | $50,588,811 | $36,915,940 |
True North Rochester Preparatorycharter School Rochester, NY | $31,478,453 | $41,687,630 |
Classical Charter Schools Bronx, NY | $15,984,342 | $34,614,781 |
Bronx Charter School For Excellence Bronx, NY | $63,378,035 | $40,736,120 |