Aaple Academy Foundation FY2024 filing

Tax-deductible

Santa Barbara, CA501(c)(3)Since 2011Public & Societal BenefitEIN 27-3799005Revenue $529K in FY2024

On file with the IRSaapleacademy.com/infoPo Box 30636, 93130-0636 · Santa Barbara, CATax-exempt since May 2011Publicly supported charity — 170(b)(1)(A)(vi)

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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.
73¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.9 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
$2K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$529K
+11% vs prior year
Spent
$430K
To programs
73%
Net assets
$388K
By yearFY2020–FY2024
Revenue
$529K
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$300K
FY2021$293K
FY2022$492K
FY2023$477K
FY2024$529K
FY2024$613K
Expenses
$430K
FY2024▼ -0.9%
Tap a bar for its year
Expenses by fiscal year
FY2020$339K
FY2021$300K
FY2022$389K
FY2023$434K
FY2024$430K
FY2024$483K
Net assets
$388K
FY2024▲ +34%
Tap a bar for its year
Net assets by fiscal year
FY2020$150K
FY2021$143K
FY2022$246K
FY2023$289K
FY2024$388K
FY2024$518K

From the FY2024 Form 990 (year ending June 2024) · see the original

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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

73 cents of each dollar spent went to programs.

Program services 73% · $315K Management & general 9% · $38K Fundraising 18% · $77K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Chief Executive Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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.

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Provided by the organization

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3 programs · $287K · in their own filed words · FY2023
01

Teambuilding

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

$123Kprogram expense
02

Leadership

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

$85Kprogram 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.

$79Kprogram expense

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 FY2024 990, line by line.

1The main four
Money inPt VIII
$529K
Ln 12
Gifts and grantsLn 1h$513K
Investment incomeLn 3$15K
Money outPt IX
$430K
Ln 25
Programscol B$315K
Managementcol C$38K
Fundraisingcol D$77K
Owns and owesPt X
$388K
net assets · Ln 32
Cash and savingsLn 1–2$391K
Total assetsLn 16$391K
LiabilitiesLn 26$2K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$513K
Investment incomeLn 3$15K
Total revenueLn 12$529K
Assets in detailPt X, end of year
CashLn 1$391K
Cash and savings togetherLn 1–2$391K
Other assetsLn 15$0
Total assetsLn 16$391K
LiabilitiesLn 26$2K
Net assetsLn 32$388K
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 FY24End FY24
Cash and savingsLn 1–2$289K$391K
Total assetsLn 16$289K$391K
LiabilitiesLn 26$0$2K
Net assetsLn 32$289K$388K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$183K$183K
Other salaries and wagesLn 7$24K$12K$12K
Payroll taxesLn 10$2K$979$978
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$90K$24K$10K$56K
Office expensesLn 13$2K$2K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$96K$96K
All other expensesLn 24e$22K$12K$3K$8K
Total functional expensesLn 25$430K$315K$38K$77K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $529K$430K$99K$388K 990 PDF
FY2023 $477K$434K$43K$289K 990 PDF
FY2022 $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 FY2024 990 (6 parts)
Part I · Summary $528,864 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $475,276$513,453
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,266$15,411
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $476,542$528,864
I-13 Grants and similar amounts paidPrior year $186,804$183,240
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $26,037$25,957
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $220,699$220,558
I-18 Total expensesPrior year $433,540$429,755
I-19 Revenue less expensesPrior year $43,002$99,109
Part VI · Governance 14 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members14
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $528,864 across 4 lines filed
VIII-1f All other contributions, gifts and grants$513,453
VIII-1h Total contributions, gifts and grants$513,453
VIII-3 Investment incomeExcluded from tax $15,411$15,411
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $15,411$528,864
Part IX · Statement of functional expenses $429,755 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $183,240$183,240
IX-7 Other salaries and wagesManagement $12,000 · Fundraising $12,000$24,000
IX-10 Payroll taxesManagement $979 · Fundraising $978$1,957
IX-11c Accounting feesManagement $3,700$3,700
IX-11g Other fees for servicesPrograms $24,000 · Management $10,170 · Fundraising $56,002$90,172
IX-13 Office expensesManagement $1,704$1,704
IX-23 InsuranceManagement $6,692$6,692
IX-24 Other expenses (24a–d)Programs $95,883$95,883
IX-24e All other expensesPrograms $12,231 · Management $2,501 · Fundraising $7,675$22,407
IX-25 Total functional expensesPrograms $315,354 · Management $37,746 · Fundraising $76,655$429,755
Part X · Balance sheet $390,669 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $288,567$390,669
X-15 Other assetsStart of year $500$0
X-16 Total assetsStart of year $289,067$390,669
X-25 Other liabilitiesStart of year $0$2,493
X-26 Total liabilitiesStart of year $0$2,493
X-27 Net assets without donor restrictionsStart of year $273,008$372,862
X-28 Net assets with donor restrictionsStart of year $16,059$15,314
X-32 Total net assets or fund balancesStart of year $289,067$388,176
X-33 Total liabilities and net assetsStart of year $289,067$390,669
Part XI · Reconciliation of net assets $388,176 net assets at year end
XI-1 Total revenue$528,864
XI-2 Total expenses$429,755
XI-3 Revenue less expenses$99,109
XI-4 Net assets at start of year$289,067
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$388,176

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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