To strengthen communities by creating a national model based on innovative Education and to introduce a dialogue of saving and investing at the dinner table of every african-american family.

501(c)(3) charity; gifts are tax-deductible.
91¢ 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $55K a year · 8% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Plus $277K in investments, Pt X · Ln 11–13
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $128K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$390K
-39% vs prior year
Spent
$419K
To programs
91%
Net assets
$494K
By yearFY2020–FY2025
Revenue
$390K
FY2024▼ -39%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$666K
FY2022$571K
FY2023$640K
FY2024$390K
FY2025$707K
Expenses
$419K
FY2024▼ -35%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$581K
FY2022$496K
FY2023$647K
FY2024$419K
FY2025$426K
Net assets
$494K
FY2024▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$356K
FY2021$559K
FY2022$542K
FY2023$528K
FY2024$494K
FY2025$864K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

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

91 cents of each dollar spent went to programs.

Program services 91% · $381K Management & general 9% · $39K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
See Ariel Education Intiative 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 15aNo

Programs and updates

Empowering African-American families through innovative education and financial dialogue.

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Provided by the organization

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3 programs · $381K · in their own filed words · FY2023
01

Investment Program

Students at ariel community academy are given the opportunity to invest real money and control a portion of their own class portfolio. Economic concepts are taught at all grade levels and throughout all subject areas at the school and extend beyond the classroom and into the community through parent outreach and seminars.

$219Kprogram expense
02

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 organizations goal is to infuse a unique financial literacy curriculum into the academy and create an innovative model for other public schools to follow.

$116Kprogram expense
03

Ariel Extended Day Program

This program provides before and after-school programs and support at ariel community academy, offering various academic, cultural, athletic and social activities.

$45Kprogram 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 · FY2024
Total grants receivedfrom 3 funders$128K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$390K
Ln 12
Gifts and grantsLn 1h$368K
Investment incomeLn 3$21K
Money outPt IX
$419K
Ln 25
Programscol B$381K
Managementcol C$39K
Owns and owesPt X
$494K
net assets · Ln 32
Cash and savingsLn 1–2$213K
Total assetsLn 16$496K
LiabilitiesLn 26$2K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$368K
Investment incomeLn 3$21K
Gains on assetsLn 7$10K
Total revenueLn 12$390K
Assets in detailPt X, end of year
CashLn 1$213K
Cash and savings togetherLn 1–2$213K
InvestmentsLn 11–13$277K
Total assetsLn 16$496K
LiabilitiesLn 26$2K
Net assetsLn 32$494K
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$282K$213K
InvestmentsLn 11–13$240K$277K
Total assetsLn 16$529K$496K
LiabilitiesLn 26$2K$2K
Net assetsLn 32$528K$494K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$209K$209K
Pension plan contributionsLn 8$10K$10K
Payroll taxesLn 10$23K$23K
Accounting feesLn 11c$25K$25K
Other fees for servicesLn 11g$4K$4K
TravelLn 17$11K$11K
InsuranceLn 23$80K$80K
Other expenses (24a–d)Ln 24$57K$57K
Total functional expensesLn 25$419K$381K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $707K$426K$281K$864K 990 PDF
FY2024 Viewing $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 $1.1M$1.1M−$75K$356K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $389,587 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $611,390$368,158
I-9 Program service revenue$0
I-10 Investment incomePrior year $28,314$21,429
I-11 Other revenue$0
I-12 Total revenuePrior year $639,704$389,587
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $90,463$242,827
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $556,492$176,345
I-18 Total expensesPrior year $646,955$419,172
I-19 Revenue less expensesPrior year −$7,251−$29,585
Part VI · Governance 2 of 2 board members independent, 1 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $389,587 across 5 lines filed
VIII-1f All other contributions, gifts and grants$368,158
VIII-1h Total contributions, gifts and grants$368,158
VIII-3 Investment incomeExcluded from tax $11,589$11,589
VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,840$9,840
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $21,429$389,587
Part IX · Statement of functional expenses $419,172 across 8 lines filed
IX-7 Other salaries and wagesPrograms $209,434$209,434
IX-8 Pension plan contributionsManagement $10,123$10,123
IX-10 Payroll taxesPrograms $23,270$23,270
IX-11c Accounting feesManagement $24,800$24,800
IX-11g Other fees for servicesManagement $3,702$3,702
IX-17 TravelPrograms $10,682$10,682
IX-23 InsurancePrograms $79,856$79,856
IX-24 Other expenses (24a–d)Programs $57,305$57,305
IX-25 Total functional expensesPrograms $380,547 · Management $38,625 · Fundraising $0$419,172
Part X · Balance sheet $496,206 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $281,621$213,413
X-9 Prepaid expenses and deferred chargesStart of year $7,989$5,828
X-11 Publicly traded securitiesStart of year $239,757$276,965
X-16 Total assetsStart of year $529,367$496,206
X-17 Accounts payable and accrued expensesStart of year $1,769$1,811
X-26 Total liabilitiesStart of year $1,769$1,811
X-27 Net assets without donor restrictionsStart of year $362,097$328,894
X-28 Net assets with donor restrictionsStart of year $165,501$165,501
X-32 Total net assets or fund balancesStart of year $527,598$494,395
X-33 Total liabilities and net assetsStart of year $529,367$496,206
Part XI · Reconciliation of net assets $494,395 net assets at year end
XI-1 Total revenue$389,587
XI-2 Total expenses$419,172
XI-3 Revenue less expenses−$29,585
XI-4 Net assets at start of year$527,598
XI-5 Net unrealized gains (losses) on investments−$3,618
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$494,395

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

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