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Akademic Foundation INC FY2023 filing

Tax-deductible

Ft Lauderdale, FL501(c)(3)Education EIN 02-0572208Revenue $72K in FY2023Latest return filed May 27, 2025

On file with the IRSFt Lauderdale, FLTax-exempt since May 2002Publicly supported charity — 170(b)(1)(A)(vi)

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Purpose of Akademic Foundation is to provide charitable, educational and local community support,

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $27K a year · 27% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
81%
of spending
81% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
14.6 mo
of spending, in cash
14.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$72K
-55% vs prior year
Spent
$90K
To programs
81%
Net assets
$109K
By yearFY2020–FY2024
Revenue
$72K
FY2023▼ -55%
Tap a bar for its year
Revenue by fiscal year
FY2020$108K
FY2021$68K
FY2022$162K
FY2023$72K
FY2024$84K
Expenses
$90K
FY2023▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2020$55K
FY2021$50K
FY2022$106K
FY2023$90K
FY2024Not on file
Net assets
$109K
FY2023▼ -38%
Tap a bar for its year
Net assets by fiscal year
FY2020$120K
FY2021$122K
FY2022$175K
FY2023$109K
FY2024$123K

From the FY2023 Form 990 · see the original

990 PDF Support Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $73K Management & general 5% · $4K Fundraising 15% · $13K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Shakira Gary
Secretary
$0Pt VII · Sec A
Jamie Pollock
Asst. Treasurer
$0Pt VII · Sec A
Karlene Chung-Hogg
Asst. Secretary
$0Pt VII · Sec A
Destiny Dejesus
Vice President
$0Pt VII · Sec A
See Akademic Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides charitable, educational, and local community support.

Questions for Akademic Foundation INC

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2 programs · $61K · in their own filed words · FY2023
01

Scholarships

$53Kprogram expense
02

Programs

$9Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Greenspoon Marder Foundation INCFY2021$4K
Total grants receivedfrom 1 funder$4K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$72K
Ln 12
Gifts and grantsLn 1h$38K
Fees for servicesLn 2g$34K
Money outPt IX
$90K
Ln 25
Programscol B$73K
Managementcol C$4K
Fundraisingcol D$13K
Owns and owesPt X
$109K
net assets · Ln 32
Cash and savingsLn 1–2$109K
Total assetsLn 16$109K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$38K
Fees for servicesLn 2g$34K
Total revenueLn 12$72K
Assets in detailPt X, end of year
CashLn 1$109K
Cash and savings togetherLn 1–2$109K
Total assetsLn 16$109K
LiabilitiesLn 26$0
Net assetsLn 32$109K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6270
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$130K$109K
Total assetsLn 16$176K$109K
LiabilitiesLn 26$857$0
Net assetsLn 32$175K$109K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other expenses (24a–d)Ln 24$81K$68K$13K
All other expensesLn 24e$9K$5K$4K
Total functional expensesLn 25$90K$73K$4K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 27, 2025 $84K$123K 990 PDF
FY2023 ViewingFiled with the IRS Sep 16, 2024 $72K$90K−$18K$109K 990 PDF
FY2022Filed with the IRS Aug 29, 2023 $162K$106K$56K$175K 990 PDF
FY2021Filed with the IRS Aug 18, 2022 $68K$50K$18K$122K 990 PDF
FY2020Filed with the IRS Sep 23, 2021 $108K$55K$52K$120K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $72,173 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $158,910$38,390
I-9 Program service revenuePrior year $3,019$33,783
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $161,929$72,173
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $105,815$89,965
I-18 Total expensesPrior year $105,815$89,965
I-19 Revenue less expensesPrior year $56,114−$17,792
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $72,173 across 4 lines filed
VIII-1b Membership dues$2,690
VIII-1h Total contributions, gifts and grants$38,390
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$33,783
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$72,173
Part IX · Statement of functional expenses $89,965 across 2 lines filed
IX-24 Other expenses (24a–d)Programs $68,008 · Fundraising $13,140$81,148
IX-24e All other expensesPrograms $4,604 · Management $4,213$8,817
IX-25 Total functional expensesPrograms $72,612 · Management $4,213 · Fundraising $13,140$89,965
Part X · Balance sheet $109,137 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $129,711$109,137
X-16 Total assetsStart of year $175,587$109,137
X-26 Total liabilitiesStart of year $857$0
X-27 Net assets without donor restrictionsStart of year $174,730$109,137
X-28 Net assets with donor restrictionsStart of year $0$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $0$0
X-32 Total net assets or fund balancesStart of year $174,730$109,137
X-33 Total liabilities and net assetsStart of year $175,587$109,137
Part XI · Reconciliation of net assets $109,137 net assets at year end
XI-1 Total revenue$72,173
XI-2 Total expenses$89,965
XI-3 Revenue less expenses−$17,792
XI-4 Net assets at start of year$174,730
XI-9 Other changes in net assets−$47,801
XI-10 Net assets at end of year$109,137

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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