Nonprofit · EIN 86-3368596
10 ACADEMY CORP
Tax-exempt · SANTA CLARA, CA 95050
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $95,587 | $253,130 | -$157,543 | $440,825 | $202 | $440,623 |
| December 31, 2023 | 990 | $557,743 | $132,965 | $424,778 | $619,999 | $21,833 | $598,166 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $71,086
- Program service revenue
- $24,499
- Investment income
- $2
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $47
- Occupancy
- $9,001
- Travel
- $5,549
- Program services (functional)
- $225,130
- Management and general (functional)
- $28,000
Balance sheet and other
- Total assets, start of year
- $619,999
- Total assets, end of year
- $440,825
- Total liabilities, end of year
- $202
- Net assets, end of year
- $440,623
- Net assets without donor restrictions
- $440,623
- Gross unrelated business income
- $2
- Gross receipts
- $95,587
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2021
- State of legal domicile
- CA
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Arun Sharma | Managing Director Officer | 20 | $42,000 |
| Yabebal Fantaye | Scientific Director Officer | 20 | $42,000 |
| Samuel Fantaye | President Institutional trustee | 0 | $0 |
| Dorothy Nyambi | Director Institutional trustee | 0 | $0 |
| Jacques Kotze | Director Institutional trustee | 0 | $0 |
| Johanna Rapp | Director Institutional trustee | 0 | $0 |
| Ada Kibet | Director Institutional trustee | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Arun Sharma | Managing Director Officer | 20 | $48,000 |
| Yabebal Fantaye | Scientific Director Officer | 20 | $48,000 |
| Samuel Fantaye | President Trustee or director | 1 | $0 |
| Dorothy Nyambi | Director Trustee or director | 1 | $0 |
| Jacques Kotze | Director Trustee or director | 1 | $0 |
| Johanna Rapp | Director Trustee or director | 1 | $0 |
| Ada Kibet | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1200 RICKABAUGH WAY UNIT 472, SANTA CLARA, CA 95050-3150
- Principal officer (990 for 2024)
- Arun Sharma, 1200 Rickabaugh Way, Unit 472, Santa Clara, CA 95050
- Signed the 990
- Arun Sharma, Managing Director
- Phone
- (310) 752-9470
- Website
- 10academy.org
California records
California keeps its own records of charities and corporations. Search them by EIN 86-3368596 or by the name 10 ACADEMY CORP.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
10 Academy's mission is to build Africa's workforce in key areas of the 4th Industrial Revolution including AI, Web3/Blockchain, Internet of Things and Quantum Computing. This is done by identifying, training and launching the careers of brilliant young people in Africa from having no significant previous work experience into global level jobs in key areas of the 4th Industrial Revolution.
Program accomplishments
- From program U2J 1 51 highly qualified young Africans from 12 African countries, of which 41% were women. Each trainee received 960 hours of training took part in 11 technical challenges, 12 career challenges from among 440 applicants.Expenses $45,026
- From program U2J 2 62 highly qualified young Africans from 8 African countries, of which 39 % were women. Each trainee received 960 hours of training took part in 11 technical challenges, 12 career challenges from among 792 applicants.Expenses $45,026
- From program KAIM 47 highly qualified young Africans from 1 African country, of which 45 % were women. Each trainee received 1960 hours of training took part in 11 technical challenges, 12 career challenges from among 694 applicants.Expenses $135,078 · grants $71,086
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 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 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 86-3368596
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $440,825
- Income (IRS master file)
- $95,587
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $95,587 | $253,130 | $440,825 | XML |
| 990 | December 2023 | $557,743 | $132,965 | $619,999 | XML |
| 990 | December 2022 | $124,530 | $110,445 | $173,388 | IRS |
| 990 | 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 86-3368596).
Questions about 10 ACADEMY CORP
- What is the EIN of 10 ACADEMY CORP?
- The employer identification number (EIN) of 10 ACADEMY CORP is 86-3368596.
- Is 10 ACADEMY CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to 10 ACADEMY CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 10 ACADEMY CORP 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 10 ACADEMY CORP 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 10 ACADEMY CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of 10 ACADEMY CORP?
- The 990 for the year ended December 31, 2024 names Arun Sharma.
- Who are the officers and directors of 10 ACADEMY CORP?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $42,000 (Arun Sharma, Managing Director).
- How much revenue does 10 ACADEMY CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $95,587, expenses of $253,130 and total assets of $440,825 at year end.
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