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Nonprofit · EIN 38-6525613

ACADEMY OF AMERICA

Tax-exempt · SOUTHFIELD, MI 48075

Financials

$1.8M$2.4M2022
Revenue Expenses · by fiscal year end
Financials of ACADEMY OF AMERICA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2023990$1,778,217$2,365,611-$587,394$11,696,917$2,282,842$9,414,075
Financial details: 990 for the year ended June 30, 2023

Revenue

Contributions, gifts and grants
$673,316
Program service revenue
$1,104,901
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$105,428
Other salaries and wages
$108,258
Salaries, compensation and benefits (total)
$272,571
Professional fundraising fees
$0
Accounting fees
$93,400
Occupancy
$97,949
Travel
$42,755
Depreciation
$682,409
Program services (functional)
$2,218,732
Management and general (functional)
$146,879

Balance sheet and other

Total assets, start of year
$12,119,652
Total assets, end of year
$11,696,917
Total liabilities, end of year
$2,282,842
Net assets, end of year
$9,414,075
Land, buildings and equipment
$10,288,940
Net assets without donor restrictions
$9,414,075
Gross unrelated business income
$954,892
Gross receipts
$1,778,217
Employees
4
Year formed
1984
State of legal domicile
MI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2023, highest compensation first.

NameTitleHours / weekCompensation
LECESTER L ALLENPRESIDENT
Officer
20$65,428
MATTIE L ALLENVICE PRESIDE
Officer
30$40,000
DENISE BENNETTDIRECTOR/VIC
Trustee or director, Officer
1$0
NATHALIA BROOKSDIRECTOR/SEC
Trustee or director, Officer
1$0
DR CECIL POEDIRECTOR/CHA
Trustee or director, Officer
1$0
ANDREW BURKSVICE PRESIDE
Officer
5$0

Address and contacts

Address (IRS master file)
5000 TOWN CTR STE 2901, SOUTHFIELD, MI 48075-1174
Principal officer (990 for 2022)
ANDREW BURKS, 5000 TOWN CENTER 2901, SOUTHFIELD, MI 48075
Signed the 990
ANDREW BURKS, VICE PRESIDENT/CFO
Phone
(248) 746-1126
Return prepared by
NUMERICO PC

Mission

TO CREATE, ESTABLISH AND OPERATE ACCREDITED SCHOOLS, PROVIDE EDUCATIONAL FACILITIES FOR STUDENTS GRADES K THROUGH TWELVE AND ESTABLISH AND OPERATE EDUCATIONAL INSTITUTIONS TO CULTIVATE THE ENTREPRENEURIAL SPIRIT OF ECONOMICALLY DEPRIVED YOUTH.

990 for the year ended June 30, 2023

Program accomplishments

  • START-UP AND OPERATION OF EDUCATIONAL INSTITUATIONS FOR ECONOMICALLY DEPRIVED YOUTHS. EDUCATION PROGRAMS FOR ECONOMICALLY DEPRIVED STUDENTS AND COLLEGE STUDENTS.
    Expenses $2,218,732 · revenue $1,104,901

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024Not on file

IRS record

EIN
38-6525613
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1988
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$11,696,917
Income (IRS master file)
$1,778,217

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2023$1,778,217$2,365,611$11,696,917XML
990-TJune 2023–––IRS
990June 2022$513,146$2,002,100$12,119,652IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-6525613).

Questions about ACADEMY OF AMERICA

What is the EIN of ACADEMY OF AMERICA?
The employer identification number (EIN) of ACADEMY OF AMERICA is 38-6525613.
Is ACADEMY OF AMERICA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
Are donations to ACADEMY OF AMERICA tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ACADEMY OF AMERICA file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ACADEMY OF AMERICA due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ACADEMY OF AMERICA last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2023.
Who is the principal officer of ACADEMY OF AMERICA?
The 990 for the year ended June 30, 2023 names ANDREW BURKS.
Who are the officers and directors of ACADEMY OF AMERICA?
The 990 for the year ended June 30, 2023 lists 6 people; 2 received compensation from the organization, the highest $65,428 (LECESTER L ALLEN, PRESIDENT).
How much revenue does ACADEMY OF AMERICA have?
On its 990 for the year ended June 30, 2023 it reported revenue of $1,778,217, expenses of $2,365,611 and total assets of $11,696,917 at year end.

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