Nonprofit · EIN 84-1931308
REAL WORLD ACADEMY INC
Tax-exempt · BOONTON, NJ 07005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-EZ | $38,239 | $14,454 | $23,785 | $36,128 | – | $36,128 |
Financial details: 990-EZ for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $37,358
- Program service revenue
- $881
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $7,726
- Professional fees and payments to contractors
- $1,782
- Occupancy
- $666
- Other expenses
- $4,280
- Program services (functional)
- $9,470
Balance sheet and other
- Total assets, start of year
- $12,343
- Total assets, end of year
- $36,128
- Total liabilities, end of year
- –
- Net assets, end of year
- $36,128
- Cash, savings and investments
- $36,128
- Gross receipts
- $38,239
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-EZ for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | 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 |
Address and contacts
- Address (IRS master file)
- 714 MAIN ST, BOONTON, NJ 07005-1450
- In care of
- % GARTH BIRCH
- Signed the 990-EZ
- LINCOLN FARQUHARSON, CEO
- Phone
- (973) 449-9892
- Website
- WWW.REALWORLDACADEMY.COM
- Return prepared by
- CURRAN & COMPANY LLP
Mission
TO INSPIRE DIVERSE STUDENTS TO REALIZE THEIR POTENTIAL BY PROVIDING THEM WITH CUSTOMIZED LIFE SKILLS, RESOURCES, AND TOOLS THAT PREPARE THEM FOR COLLEGE AND/OR A CAREER AFTER HIGH SCHOOL.
Program accomplishments
- 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.Expenses $9,470
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 84-1931308
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $36,128
- Income (IRS master file)
- $38,239
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2023 | $38,239 | $14,454 | $36,128 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | 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 84-1931308).
Questions about REAL WORLD ACADEMY INC
- What is the EIN of REAL WORLD ACADEMY INC?
- The employer identification number (EIN) of REAL WORLD ACADEMY INC is 84-1931308.
- Is REAL WORLD ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to REAL WORLD ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does REAL WORLD ACADEMY INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of REAL WORLD ACADEMY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did REAL WORLD ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2023.
- Who are the officers and directors of REAL WORLD ACADEMY INC?
- The 990-EZ for the year ended December 31, 2023 lists 6 people; 0 received compensation from the organization.
- How much revenue does REAL WORLD ACADEMY INC have?
- On its 990-EZ for the year ended December 31, 2023 it reported revenue of $38,239, expenses of $14,454 and total assets of $36,128 at year end.
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