Finish First Academy EIN 81-5199729 Form 990 (PDF) Claim this org

Finish First Academy

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Offers housing and youth programs to the community. For fiscal year 2024 it reported $706K in revenue, $807K in expenses, and $21K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Los Angeles, CA
Filings
3 on file (2022–2024)
Revenue
$706KFY2024
Expenses
$807K
Net assets
$21K
People
3
Filings
3
Updates
0
More identity details & actions ⌄
EIN  81-5199729 Public charity (501(c)(3)) Los Angeles, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers housing and youth programs to the community.
Leadership
Robert Neal · CFO · $8K
Money in and out
$706K revenue, $807K expenses
Bottom line
100% program efficiency
Where the money goes · FY2024
Total revenue
$706K
Pt VIII · Ln 12
Total expenses
$807K
Pt IX · Ln 25
Net assets
$21K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$101K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
0.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-14%
revenue over expenses, this year▼ -51% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$706K
FY2024▲ +27%
Expenses
$807K
FY2024▲ +33%
Total assets
$21K
FY2024
Total liabilities
$0
FY2024
Total revenue
$706K
Pt VIII · Ln 12
Total expenses
$807K
Pt IX · Ln 25
Net assets
$21K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$101K
Total assetsPt X · Ln 16$21K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFinish First Academy
EINHdr · item D81-5199729
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O53)
Ruling yearIRS BMFMay 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$7,750Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Robert Neal’s $8K as CFO is at the 5th percentile of top reported officer pay among 1984 $100K–1M youth development 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022
Malaah Lanier$52,880$18,193
Robert Neal$7,750$37,412$19,600
Lashay Rivers$9,540$16,633
Tahelmisha Stone$1,846

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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $807K of program spending, described in the organization's own filed words · FY2024.
01

Housing services was provided to 65 indivuals during the year. Also, Drug prevention and life skills programs effected 120 individuals.

$807Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$663K · 94%
Contributions & grants$44K · 6%
Program service revenue94%$663K
Contributions & grants6%$44K
Total revenueLn 12$706K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$807K
Total functional expensesLn 25$807K

Balance Sheet

Part X · end of year
CashLn 1$21K
Total assetsLn 16$21K
Total liabilitiesLn 26$0
Total net assetsLn 32$21K
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $21K · Operating expenses/yr $807K
0.3 months
Where the money goes
Program services
Program services $807K · Total expenses $807K
100%
Management & General
Management & general $0 · Total expenses $807K
0%
Fundraising
Fundraising $0 · Total expenses $807K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $37K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $44K · Total revenue $706K
6%
Government reliance
Government grants — · Total revenue $706K
Earned-income share
Program service revenue $663K · Total revenue $706K
94%
Investment reliance
Investment income $0 · Total revenue $706K
0%
Program self-sufficiency
Program service revenue $663K · Total expenses $807K
82%
Growth & trend
Revenue growth (YoY)
This year $706K · Prior year $556K
+27%
Net-asset trend (YoY)
End of year $21K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $706K · Expenses $807K
-14%
Liabilities-to-Assets
Total liabilities — · Total assets $21K
Net-asset ratio
Net assets $21K · Total assets $21K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $21K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Robert Neal · Reported title CFO · Highest reported compensation $8K · Total expenses $807K
1.0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $524K · Total expenses $807K
65%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 27%
Legal fee ratio 1.0%
Accounting fee ratio 0.6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
United Way INCFY2023$44K
Total grants receivedfrom 1 funder$44K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$706K revenue · viewing · ⤓ 990 PDF
FY2023$556K revenue · ⤓ 990 PDF
FY2022$267K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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