Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1996.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
97 cents of each dollar spent went to programs.
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
4 people listed on the 990.
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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 15aNo
Programs and updates
Empowering African-American families through innovative education and financial dialogue.
Questions for Ariel Education Intiative
Your first name shows with your question. Ariel Education Intiative answers here, for everyone.
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Wasatch Program
This program holds annual conferences whereby participants brainstorm ideas to improve nationwide education. Ideas materialize into programs which are funded by the wasatch program participants.
Ariel Community Academy
Ariel education initiative helps support the overall operations at ariel community academy, a chicago public school, through supplemental staff and general funding. The organization's goal is to infuse a unique fiancial literacy curriculum into the academy and create an innovative model for other public schools to follow.
Ariel Extended Day Program
This program provides before andafter-school programs and support at ariel community academy,offering various academic, cultural, athletic and socialactivities.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $211K | $132K |
| InvestmentsLn 11–13 | $257K | $233K |
| Land, buildings, equipmentLn 10c | $1K | $149 |
| Total assetsLn 16 | $482K | $369K |
| LiabilitiesLn 26 | $14K | $13K |
| Net assetsLn 32 | $468K | $356K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $362K | $362K | ||
| Pension plan contributionsLn 8 | $4K | $4K | ||
| Other employee benefitsLn 9 | $80K | $72K | $8K | |
| Payroll taxesLn 10 | $74K | $74K | $181 | |
| Accounting feesLn 11c | $20K | $20K | ||
| Other fees for servicesLn 11g | $47K | $43K | $4K | |
| TravelLn 17 | $10K | $10K | ||
| Conferences, conventions and meetingsLn 19 | $467K | $467K | ||
| Depreciation, depletion and amortizationLn 22 | $1K | $1K | ||
| InsuranceLn 23 | $33K | $33K | ||
| Other expenses (24a–d)Ln 24 | $31K | $31K | ||
| Total functional expensesLn 25 | $1.1M | $1.1M | $38K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $707K | $426K | $281K | $864K | 990 PDF |
| FY2024 | $390K | $419K | −$30K | $494K | 990 PDF |
| FY2023 | $640K | $647K | −$7K | $528K | 990 PDF |
| FY2022 | $571K | $496K | $75K | $542K | 990 PDF |
| FY2021 | $666K | $581K | $86K | $559K | 990 PDF |
| FY2020 Viewing | $1.1M | $1.1M | −$75K | $356K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $1,054,930 revenue, 12 lines filed
Part VI · Governance 3 of 3 board members independent, 1 to look at
Part VIII · Statement of revenue $1,054,930 across 4 lines filed
Part IX · Statement of functional expenses $1,129,856 across 11 lines filed
Part X · Balance sheet $369,480 assets, 11 lines filed
Part XI · Reconciliation of net assets $356,324 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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