Real World Academy
- Assets
- $36.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boonton, NJ
- Founding
- 06/2019
- Data as of
- 12/2023
- EIN
- 84-1931308
Organization Overview
Real World Academy is located in Boonton, NJ. The organization was established in 2019. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Real World Academy 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 12/2023, Real World Academy generated $38.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $14.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (30.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ORGANIZATION BUILT OUT AN INFRASTRUCTURE, CHANGED THEIR TAX EXEMPT STATUS FROM PRIVATE FOUNDATION TO 501C3, ONBOARDED NUMEROUS STAFF TO RENDER SERVICES TO OVER 30 INDIVIDUALS, OBTAINED GRANT FUNDING, AND GENERALLY BUILT THEIR ORGANIZATION SIGNIFICANTLY DURING 2020.
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 |
|---|---|---|---|
Domenico Randazzo President | 0 | $0 | |
Domenick Randazzo Trustee | 0 | $0 | |
Anthony Longo Trustee | 0 | $0 | |
Lincoln Farquharson CEO | 0 | $0 | |
Michael Depalma Trustee | 0 | $0 | |
Danielle Codey Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,358 |
| Total Program Service Revenue | $881 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,239 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,726 |
| Professional fees and other payments to independent contractors | $1,782 |
| Occupancy, rent, utilities, and maintenance | $666 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,280 |
| Total expenses | $14,454 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $36,128 |
| Other assets | $0 |
| Total assets | $36,128 |
| Total liabilities | $0 |
| Net assets or fund balances | $36,128 |