Academy Of Finance Nevada
- Assets
- $164.6k
- Revenue
- $122.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- Data as of
- 06/2024
- EIN
- 85-3891534
Organization Overview
Academy Of Finance Nevada is located in Las Vegas, NV. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of Finance Nevada is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ACADEMY OF FINANCE IS TO PROVIDE A UNIQUE PROGRAM THAT SUPPORTS THE EDUCATION AND DEVELOPMENT OF NEVADA YOUTH BEGINNING IN HIGH-SCHOOL AND EXTENDING INTO THEIR FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMY OF FINANCE NEVADA PROVIDED TEN PAID INTERNSHIP OPPORTUNITIES DURING THE 2023 FYE 06/30/24. THESE INTERNSHIPS PROVIDED STUDENTS WITH STRUCTURED LEARNING EXPERIENCES IN A PROFESSIONAL, REAL-WORLD SETTING, ALLOWING EACH STUDENT TO GAIN VALUABLE WORK EXPERIENCE. STUDENTS WORK FOR APPROXIMATELY 80 HOURS DURING EACH SEMESTER, IN BUSINESS AND FINANCE AND IN INDUSTRIES INCLUDING RETAIL, NON-PROFIT, BANKING, FINANCE, DESIGN, MARKETING, ADVERTISING, INSURANCE AND OTHERS. INTERN PROVIDERS WORK WITH STUDENTS TO DEVELOP PROFESSIONAL SKILLS SUCH AS, PROJECT MANAGEMENT, TIME MANAGEMENT, PROFESSIONAL COMMUNICATION, AND CUSTOMER SERVICE. INTERN PROVIDERS ALSO EVALUATE STUDENTS AT THE CONCLUSION OF THEIR INTERNSHIP AND ATTEND AN INTERNSHIP PRESENTATION IN WHICH STUDENTS RECAP THEIR INTERNSHIP EXPERIENCE.
ACADEMY OF FINANCE NEVADA PROVIDED A MULTITUDE OF EDUCATIONAL AND EXPERIENTIAL EVENTS DURING THE 2023 FYE 06/30/24. THESE EVENTS INCLUDED LUNCHEONS AND SEMINARS RELATED TO: BUSINESS ATTIRE, ETIQUETTE, BOOK AND READING WORKSHOPS, AND MOCK INTERVIEWS. THE LARGEST ONGOING EVENT IS THE MENTOR PROGRAM, WHICH PAIRS STUDENTS WITH A BUSINESS PROFESSIONAL WHO SERVES AS A MENTOR DURING THE STUDENT'S HIGH SCHOOL YEARS. THE BUSINESS PROFESSIONAL CAN SERVE AS A RESOURCE FOR STUDENTS WORKING ON CLASS ASSIGNMENTS, OR JUST TO DISCUSS HOBBIES AND HIGH SCHOOL IN GENERAL. BUSINESS PROFESSIONALS ARE ASKED TO VOLUNTEER THEIR TIME TO MENTOR 1 OR 2 ACADEMY OF FINANCE STUDENTS. MENTORS ARE ASKED TO MEET AT LEAST MONTHLY FOR A CLASS PERIOD AND BE PREPARED TO DISCUSS TOPICS OF THE STUDENT'S CHOICE. THE MENTOR PROGRAM ALSO HAS PERIODIC EVENTS WHERE ALL MENTORS AND MENTEES MEET IN A GROUP SETTING TO DISCUSS CURRENT EVENTS, HAPPENINGS, BOOKS AND OTHER TOPICS.
THE MISSION OF THE ACADEMY OF FINANCE IS TO PROVIDE A UNIQUE PROGRAM THAT SUPPORTS THE EDUCATION AND DEVELOPMENT OF NEVADA YOUTH BEGINNING IN HIGH-SCHOOL AND EXTENDING INTO THEIR FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Doucette Treasurer, CFO | OfficerTrustee | 1 | $0 |
Robin Vitiello Director, Secretary | OfficerTrustee | 1 | $57,500 |
Andrea Arias-Beall Supervisor | Trustee | 1 | $0 |
Monica Almazni Accounting Teacher | Trustee | 1 | $0 |
Aden Rose Director, Aof Student Advi | Trustee | 1 | $0 |
Becky Demarco Vp, Senior Hr Business Par | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,910 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,910 |
| 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 | $47 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $121,957 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,506 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,500 |
| Compensation of current officers, directors, key employees. | $57,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $961 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $274 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,824 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $530 |
| Total functional expenses | $115,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,032 |
| Savings and temporary cash investments | $2,584 |
| 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 | $164,616 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $164,616 |
| Total liabilities and net assets/fund balances | $164,616 |