Aaple Academy Foundation FY2022 filing

Tax-deductible

Santa Barbara, CA501(c)(3)Since 2011Public & Societal BenefitEIN 27-3799005

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To support the operation of the accelerated academic program for leadership and enrichment Academy that provides an alternative course of study, educational enrichment opportunities, and college and career services for students of san marcos high school.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $40K a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $82K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$492K
+68% vs prior year
Spent
$389K
To programs
74%
Net assets
$246K
By yearFY2020–FY2024
Revenue
$492K
FY2022▲ +68%
Revenue by fiscal year
FY2020$300K
FY2021$293K
FY2022$492K
FY2023$477K
FY2024$529K
FY2024$613K
Expenses
$389K
FY2022▲ +30%
Expenses by fiscal year
FY2020$339K
FY2021$300K
FY2022$389K
FY2023$434K
FY2024$430K
FY2024$483K
Net assets
$246K
FY2022▲ +72%
Net assets by fiscal year
FY2020$150K
FY2021$143K
FY2022$246K
FY2023$289K
FY2024$388K
FY2024$518K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 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 2011.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $287K Management & general 11% · $44K Fundraising 15% · $58K

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

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Chief Executive Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Erik Nielsen’s $40K as Chief Executive Officer is at the 34th percentile of top reported officer pay among 1044 $100K–1M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Aaple Academy Foundation executive salaries →

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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 15aYes

Programs and updates

Funds an alternative academic program offering enrichment and career services for San Marcos High School students.

Provided by the organization

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3 program services account for $261K of program spending, described in the organization's own filed words · FY2021.
01

Teambuilding

The program is designed to provide funds for group activities that encourage teambuilding and fellowship.

$118Kprogram expense
02

Leadership

The program is designed to provide funds to support leadership activities.

$74Kprogram expense
03

Enrichment

The primary purpose of this program is to fund programs that enrich the student curriculum by developing new curriculum, providing supplies and paying for associated fees as well as funding events that enrich the curriculum.

$69Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 10 funders →
Grants paid · 6 grants · $1.1M · 2019–2024
Santa Barbara Unified School DistrictFY2024$237,101
Santa Barbara Unified School DistrictFY2023$183,240
Santa Barbara Unified School DistrictFY2022$186,804
Santa Barbara Unified School DistrictFY2021$170,277
Santa Barbara Unified School DistrictFY2020$153,721
Santa Barbara Unified School DistrictFY2019$121,433

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$492K
Ln 12
Gifts and grantsLn 1h$492K
Investment incomeLn 3$368
Money outPt IX
$389K
Ln 25
Programscol B$287K
Managementcol C$44K
Fundraisingcol D$58K
Owns and owesPt X
$246K
net assets · Ln 32
Cash and savingsLn 1–2$246K
Total assetsLn 16$246K
LiabilitiesLn 26$0
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$492K
Government grantsLn 1e$26K
Noncash giftsLn 1g$419
Investment incomeLn 3$368
Total revenueLn 12$492K
Assets in detailPt X, end of year
CashLn 1$246K
Cash and savings togetherLn 1–2$246K
Other assetsLn 15$500
Total assetsLn 16$246K
LiabilitiesLn 26$0
Net assetsLn 32$246K
OperationsPt I, VI
EmployeesI 51
VolunteersI 6130
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$153K$246K
Total assetsLn 16$154K$246K
LiabilitiesLn 26$11K$0
Net assetsLn 32$143K$246K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$170K$170K
Other salaries and wagesLn 7$23K$11K$11K
Payroll taxesLn 10$2K$1K$1K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$77K$24K$12K$40K
Office expensesLn 13$3K$3K
InterestLn 20$69$69
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$84K$77K$8K
All other expensesLn 24e$23K$16K$713$6K
Total functional expensesLn 25$389K$287K$44K$58K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $529K$430K$99K$388K 990 PDF
FY2023 $477K$434K$43K$289K 990 PDF
FY2022 Viewing $492K$389K$103K$246K 990 PDF
FY2021 $293K$300K−$8K$143K 990 PDF
FY2020 $300K$339K−$39K$150K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $492,427 across 6 lines filed
VIII-1e Government grants$25,769
VIII-1f All other contributions, gifts and grants$466,290
VIII-1g Noncash contributions (included above)$419
VIII-1h Total contributions, gifts and grants$492,059
VIII-3 Investment incomeExcluded from tax $368$368
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $368$492,427
Part IX · Statement of functional expenses $389,346 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $170,277$170,277
IX-7 Other salaries and wagesManagement $11,329 · Fundraising $11,329$22,658
IX-10 Payroll taxesManagement $1,072 · Fundraising $1,072$2,144
IX-11c Accounting feesManagement $3,500$3,500
IX-11g Other fees for servicesPrograms $24,000 · Management $12,170 · Fundraising $40,491$76,661
IX-13 Office expensesManagement $3,263$3,263
IX-20 InterestPrograms $69$69
IX-23 InsuranceManagement $3,892$3,892
IX-24 Other expenses (24a–d)Programs $76,527 · Management $7,819$84,346
IX-24e All other expensesPrograms $16,308 · Management $713 · Fundraising $5,515$22,536
IX-25 Total functional expensesPrograms $287,181 · Management $43,758 · Fundraising $58,407$389,346
Part X · Balance sheet $246,065 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $153,185$245,565
X-15 Other assetsStart of year $500$500
X-16 Total assetsStart of year $153,685$246,065
X-25 Other liabilitiesStart of year $10,701$0
X-26 Total liabilitiesStart of year $10,701$0
X-27 Net assets without donor restrictionsStart of year $100,949$209,860
X-28 Net assets with donor restrictionsStart of year $42,035$36,205
X-32 Total net assets or fund balancesStart of year $142,984$246,065
X-33 Total liabilities and net assetsStart of year $153,685$246,065
Part XI · Reconciliation of net assets $246,065 net assets at year end
XI-1 Total revenue$492,427
XI-2 Total expenses$389,346
XI-3 Revenue less expenses$103,081
XI-4 Net assets at start of year$142,984
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$246,065

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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