Acton Academy DC Foundation FY2023 filing

Tax-deductible

Washington, DC501(c)(3)EducationEIN 47-4108671Revenue $235K in FY2023

On file with the IRS2737 Devonshire Pl Nw Apt 425, 20008-3469 · Washington, DCTax-exempt since Nov 2015Publicly supported — 509(a)(2)

Tell your story. Claim this org

Our mission is to inspire children and parents to develop an entrepreneurial mindset, discover a calling, and change the world.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$98K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
1 of 3
filings with a surplus
Average surplus $15K a year · 6% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$98K
to officers and key staff · 37% of spending
Concern: pay to officers and key staff is 37% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8K
182% of total assets
Concern: liabilities are 182% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$235K
+6% vs prior year
Spent
$265K
To programs
92%
Net assets
−$4K
By yearFY2020–FY2024
Revenue
$235K
FY2023▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$373K
FY2021$129K
FY2022$221K
FY2023$235K
FY2024$138K
Expenses
$265K
FY2023▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$242K
FY2021Not on file
FY2022$277K
FY2023$265K
FY2024Not on file
Net assets
−$4K
FY2023▼ -114%
Tap a bar for its year
Net assets by fiscal year
FY2020$198K
FY2021$81K
FY2022$26K
FY2023−$4K
FY2024$44K

From the FY2023 Form 990 · see the original

990 PDF 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 Nov 2015.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $244K Management & general 4% · $10K Fundraising 4% · $11K

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

Something off? Claim to fix it

Who runs it and what they're paid

4 people listed on the 990; $98K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$75,000Pt VII · Sec A
$23,017Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Nicole Spencer’s $35K as Secretary is at the 27th percentile of top reported officer pay among 1613 $100K–1M education 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.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
David Kirby$10,000$75,000$90,000$90,000$80,048
Nicole Spencer$35,000$23,017$25,000$25,000$25,016

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Acton Academy DC Foundation executive salaries →

On this list? Claim this org

Something off? Claim to fix it

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Inspires children and parents to discover their calling and change the world.

Questions for Acton Academy DC Foundation

Tap to ask. Acton Academy DC Foundation sees how many people are interested.

Your first name shows with your question. Acton Academy DC Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $244K · in their own filed words · FY2023
01

Acton Venture Fund accelerates the growth of the Acton Academy network. The program finds, funds, and supports exceptional Acton network entrepreneurs.

$113Kprogram expense
02

Acton Learning Prizes & Innovation Awards celebrate excellence among the 300+ Acton Academy Network schools and encourage innovations to make Actons simpler, better, and less expensive to form.

$112Kprogram expense
03

The Acton Childrens Business Fair of Washington, DC is a one-day event where children ages 6-14 become entrepreneurs for a day. Children create a business, sell to real customers, and keep the profits. Along the way, children learn about entrepreneurship but, more importantly, about themselves and what they are capable of.

$19Kprogram 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
Total grants receivedfrom 1 funder$25K
Grants paid · 2 grants · $76K · 2020–2023
Acton Academy of Washington DFY2023$53,500
Acton Academy of Washington DFY2020$22,500

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$235K
Ln 12
Gifts and grantsLn 1h$186K
Other incomeLn 4–11$44K
Investment incomeLn 3$5K
Money outPt IX
$265K
Ln 25
Programscol B$244K
Managementcol C$10K
Fundraisingcol D$11K
Owns and owesPt X
−$4K
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$4K
LiabilitiesLn 26$8K
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$186K
Fees for servicesLn 2g$624
Investment incomeLn 3$5K
Other incomeLn 4–11$44K
Gains on assetsLn 7$0
Total revenueLn 12$235K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$0
Cash and savings togetherLn 1–2$4K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$4K
LiabilitiesLn 26$8K
Net assetsLn 32−$4K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$36K$4K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$36K$4K
LiabilitiesLn 26$10K$8K
Net assetsLn 32$26K−$4K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$54K$54K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$98K$88K$10K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$13K$13K
Payroll taxesLn 10$8K$7K$788
Management feesLn 11a$0
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$7K$7K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$2K$2K
Other fees for servicesLn 11g$20K$20K
Advertising and promotionLn 12$800$800
Office expensesLn 13$9K$9K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$52K$52K
TravelLn 17$37$37
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1K$1K
All other expensesLn 24e$0
Total functional expensesLn 25$265K$244K$10K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $138K$44K 990 PDF
FY2023 Viewing $235K$265K−$29K−$4K 990 PDF
FY2022 $221K$277K−$56K$26K 990 PDF
FY2021 $129K$81K 990 PDF
FY2020 $373K$242K$131K$198K 990 PDF

More to add? Claim this org

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 FY2023 990 (6 parts)
Part I · Summary $235,484 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $219,500$186,000
I-9 Program service revenuePrior year $1,639$624
I-10 Investment income$4,735
I-11 Other revenue$44,125
I-12 Total revenuePrior year $221,139$235,484
I-13 Grants and similar amounts paid$53,500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $139,228$118,754
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $137,710$92,523
I-18 Total expensesPrior year $276,938$264,777
I-19 Revenue less expensesPrior year −$55,799−$29,293
Part VI · Governance 2 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $235,484 across 10 lines filed
VIII-1f All other contributions, gifts and grants$186,000
VIII-1h Total contributions, gifts and grants$186,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $624$624
VIII-3 Investment incomeRelated to mission $4,735$4,735
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $44,125$44,125
VIII-12 Total revenueRelated to mission $49,484$235,484
Part IX · Statement of functional expenses $264,777 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $53,500$53,500
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $88,215 · Fundraising $9,802$98,017
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $12,856$12,856
IX-10 Payroll taxesPrograms $7,093 · Fundraising $788$7,881
IX-11a Management fees$0
IX-11b Legal feesManagement $1,000$1,000
IX-11c Accounting feesManagement $7,327$7,327
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $1,500$1,500
IX-11g Other fees for servicesPrograms $19,821$19,821
IX-12 Advertising and promotionPrograms $800$800
IX-13 Office expensesPrograms $8,666$8,666
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $52,010$52,010
IX-17 TravelPrograms $37$37
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $1,362$1,362
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $244,360 · Management $9,827 · Fundraising $10,590$264,777
Part X · Balance sheet $4,462 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $35,517$4,462
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $1$0
X-16 Total assetsStart of year $35,518$4,462
X-17 Accounts payable and accrued expensesStart of year $9,871$8,108
X-26 Total liabilitiesStart of year $9,871$8,108
X-27 Net assets without donor restrictionsStart of year $25,647−$3,646
X-32 Total net assets or fund balancesStart of year $25,647−$3,646
X-33 Total liabilities and net assetsStart of year $35,518$4,462
Part XI · Reconciliation of net assets −$3,646 net assets at year end
XI-1 Total revenue$235,484
XI-2 Total expenses$264,777
XI-3 Revenue less expenses−$29,293
XI-4 Net assets at start of year$25,647
XI-10 Net assets at end of year−$3,646

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.