The Investors Academy Inc
- Assets
- $390.2k
- Revenue
- $732.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Atlanta, GA
- Founding
- 04/2018
- Data as of
- 04/2023
- EIN
- 82-2621762
Organization Overview
The Investors Academy Inc is located in Atlanta, GA. The organization was established in 2018. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 04/2023, Investors Academy Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Investors Academy 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 04/2023, Investors Academy Inc generated $732.5k in total revenue. All expenses for the organization totaled $261.1k during the year ending 04/2023. While expenses have increased by 47.7% per year over the past 5 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 REINTEGRATE UNDERSERVED FAMILIES,VETERANS,AND AT-RISK YOUTH BACK INTO THE COMMUNITY, ASSISTING THEM INTO BECOMING SELF-SUFFICIENT CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE HOUSED 130 INDIVIDUALS FACING HOMELESSNESS; WE PROVIDED 3,500 UNDERSERVED FAMILIES AND INDIVIDUALS WITH FOOD THROUGH OUR FOOD PANTRY PROGRAM; WE PLACED 15 VETERANS FACING HOMELESSNESS IN OUR SUPPORTIVE PERMANENT HOUSING PROGRAM AND PROVIDED WAREHOUSING JOB TRAINING AND JOB PLACEMENT;SERVED OVER 3.500 UNDERSERVED FAMILIES BY GIVING OUT BASIC ESSENTIALS AND GOODS DONATED BY GOOD 360 AND AMAZON.
WE HOUSED 105 INDIVIDUALS FACING HOMELESSNESS. WE PROVIDED 2,500 UNDERSERVED FAMILIES AND INDIVIDUALS WITH FOOD THROUGH OUR FOOD PANTRY PROGRAM.
WE PROVIDED 58 VETERANS AND YOUTH WAREHOUSING JOB SKILLS,PAID TRAINING,AND AND AFTERSCHOOL EMPLOYMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanley M Dunbar Board Member | Trustee | 5 | $0 |
Natalia Slowley Board Member | Trustee | 5 | $0 |
Charles Brown Board Member | Trustee | 5 | $0 |
Marsheia Smith Board Member | Trustee | 5 | $0 |
Darrin Cook Board Member | Trustee | 5 | $0 |
John L Mckenzie Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $374,000 |
| Noncash contributions included in lines 1a–1f | $100,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $474,000 |
| 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 | $732,500 |
| 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 | $20,968 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,115 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,682 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $124,870 |
| 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 | $0 |
| Insurance | $3,520 |
| All other expenses | $0 |
| Total functional expenses | $261,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390,156 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $390,156 |
| 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 | $228,050 |
| Total liabilities | $228,050 |
| Net assets without donor restrictions | $162,106 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $390,156 |