The Academy Group
- Assets
- $286.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 31
- Location
- Chicago, IL
- Founding
- 07/2019
- Data as of
- 06/2021
- EIN
- 84-1737086
Organization Overview
The Academy Group is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Academy Group employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Group 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, Academy Group generated $70.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (42.9%) each year. All expenses for the organization totaled $2.0k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUELED BY THE BELIEF THAT TALENT IS UBIQUITOUS, THE ACADEMY GROUP UNLOCKS OPPORTUNITY FOR YOUNG PEOPLE FROM THE NATION'S MOST RESILIENT COMMUNITIES TO REALIZE THEIR FULL POTENTIAL AS ECONOMIC, EDUCATIONAL, AND SOCIAL CHANGE AGENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMY CHICAGO (ACADEMY) WORKS WITH FAMILIES FROM 65+ SCHOOLS ACROSS CHICAGO, INCLUDING NEIGHBORHOOD, MAGNET, CHARTER, AND SELECTIVE INSTITUTIONS. 95% OF THE STUDENTS WE SERVE ARE BLACK AND BROWN AND WE WILL CONTINUE TO EXPAND OUR REACH TO SUPPORT YOUNG PEOPLE FROM CHICAGO'S MOST RESILIENT COMMUNITIES. IN ADDITION, WE SERVE YOUNG ADULTS WHO ATTEND A BROAD RANGE OF COLLEGES AND UNIVERSITIES.OVER A FOURTEEN-YEAR JOURNEY, THE ACADEMY GUIDES STUDENTS THROUGH INTENSE INTERDISCIPLINARY EXPLORATION OF BUSINESS, JUSTICE, WEALTH CREATION, AND LEADERSHIP. PROGRAMMING AT THE ACADEMY IS RIGOROUS, PERSONALIZED, AND CUMULATIVE. WE REINFORCE CORE SKILLS THAT ACCELERATE ACADEMIC PROGRESS, PUTTING STUDENTS ON TRACK TO REACH AMBITIOUS EDUCATIONAL AND CAREER MILESTONES.
BUILD A FINANCIAL LITERACY FOUNDATION EXPLORING TOPICS SUCH AS BUDGETING, INVESTMENTS, REAL ESTATE, AND ENTREPRENEURSHIP, ROOTED IN AN EXPERIENTIAL LEARNING MODEL.
THE AMPLIFY CHICAGO (AMPLIFY) PROGRAM IS A WEALTH-BUILDING PATHWAY INTEGRATING CAREER, LEADERSHIP, AND ENTREPRENEURSHIP FOR 20 TO 26- YEAR-OLD YOUNG MEN AND WOMEN FROM UNDERSERVED COMMUNITIES THAT HAVE BEEN DISPROPORTIONATELY IMPACTED BY VIOLENCE, CRIMINAL ACTIVITY, ECONOMIC DISRUPTION, AND EDUCATIONAL DISINVESTMENT.AMPLIFY'S HOLISTIC APPROACH TO CLOSING THE OPPORTUNITY GAP IS GROUNDED IN TRANSFORMATIVE RELATIONSHIPS AND DESIGNED TO ACCELERATE BUSINESS, ACADEMIC, SOCIAL, AND EMOTIONAL GROWTH. THROUGH THE INTENSIVE INTERNSHIP AND APPRENTICESHIP MODEL, PARTICIPANTS EARN INDUSTRY CREDENTIALS, BUILD INVESTMENT PORTFOLIOS, ADDRESS TRAUMA, SET PERSONAL AND PROFESSIONAL GOALS, AND TRANSITION INTO CAREER AND ENTREPRENEURIAL PATHWAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Greg Jones CEO Chicago Academy | Officer | 40 | $113,520 |
Ted Christians CEO Amplify | Officer | 40 | $86,905 |
Shayne Evans President | OfficerTrustee | 1 | $0 |
Timothy Knowles Secretary | OfficerTrustee | 1 | $0 |
Derrick Ross Treasurer | OfficerTrustee | 1 | $0 |
Chanel Coney Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $70,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $752,647 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,140,548 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,280,263 |
| Total expenses | $2,000 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $286,027 |
| Other assets | $0 |
| Total assets | $286,027 |
| Total liabilities | $0 |
| Net assets or fund balances | $286,027 |