Example Academy Inc-Nfp EIN 85-4288117 Form 990 (PDF) Claim this org

Example Academy Inc-Nfp FY2022 filing

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Educates and trains teenage girls in academics and basketball for college and scholarships. For fiscal year 2022 it reported $223K in revenue, $229K in expenses, and $324 in net assets.Pt I

Founded
2020
Type
Public charity (501(c)(3)) · Human Services
Location
Bourbonnais, IL
Filings
5 on file (2021–2022)
Revenue
$223KFY2022
Expenses
$229K
Net assets
$324
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  85-4288117 Public charity (501(c)(3)) Bourbonnais, IL Founded 2020
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Educates and trains teenage girls in academics and basketball for college and scholarships.
Leadership
Carmisha Chaver · Executive Director · $14K
Money in and out
$223K revenue, $229K expenses
Bottom line
63% program efficiency
Where the money goes · FY2022
Total revenue
$223K
Pt VIII · Ln 12
Total expenses
$229K
Pt IX · Ln 25
Net assets
$324
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$6K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.37
Program efficiency
63%
of spending reaches programs
Operating runway
0.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$223K
FY2022▲ +83%
Expenses
$229K
FY2022
Total assets
$324
FY2022
Total liabilities
$0
FY2022
Total revenue
$223K
Pt VIII · Ln 12
Total expenses
$229K
Pt IX · Ln 25
Net assets
$324
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$6K
Total assetsPt X · Ln 16$324
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

2 program services account for $151K of program spending, described in the organization's own filed words · FY2022.
01

Athletics

We won a National Championship had 7 girls McDonald's All-American nominations. USA Olympic team trials invite. 2 of our players are being recognized by ESPN as Top 60 players in the Country

$80Kprogram expense
02

We have 20 girls in our virtual in-house academy for higher learning and provide a safe haven for them to stay focus on their academics in which 11 received scholarships and 10 of them received full scholarships valuing around $1M

$71Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CExample Academy Inc-Nfp
EINHdr · item D85-4288117
Principal addressHdr · item CBourbonnais, IL
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2020
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P99)
Ruling yearIRS BMFMar 2021

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 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$14,050Pt VII · Sec A
$4,250Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Aisha Chavers-Bradford’s $6K as Treasurer is at the 3rd percentile of top reported officer pay among 2165 $100K–1M human services 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 · 3 named individuals · Part VII

NameFY2025FY2022FY2021
Carmisha Chaver$14,050
Aisha Chavers-Bradford$5,777$4,250
Barry Bradford$4,000

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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Statement of Revenue

Part VIII
Contributions & grants$114K · 51%
Program service revenue$109K · 49%
Contributions & grants51%$114K
Program service revenue49%$109K
Total revenueLn 12$223K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.37
Program services63%$145K
Management & general37%$84K
Total functional expensesLn 25$229K

Balance Sheet

Part X · end of year
CashLn 1$324
Total assetsLn 16$324
Total liabilitiesLn 26$0
Total net assetsLn 32$324
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $324 · Operating expenses/yr $229K
0.0 months
Where the money goes
Program services
Program services $145K · Total expenses $229K
63%
Management & General
Management & general $84K · Total expenses $229K
37%
Fundraising
Fundraising $0 · Total expenses $229K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $114K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $114K · Total revenue $223K
51%
Government reliance
Government grants $0 · Total revenue $223K
0%
Earned-income share
Program service revenue $109K · Total revenue $223K
49%
Investment reliance
Investment income $0 · Total revenue $223K
0%
Program self-sufficiency
Program service revenue $109K · Total expenses $229K
48%
Growth & trend
Revenue growth (YoY)
This year $223K · Prior year $122K
+83%
Net-asset trend (YoY)
End of year $324 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $223K · Expenses $229K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $324
Net-asset ratio
Net assets $324 · Total assets $324
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $324
0%
People & payroll
Highest Reported Total Compensation
Individual Carmisha Chaver · Reported title Executive Director · Highest reported compensation $14K · Total expenses $229K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $41K · Total expenses $229K
18%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 37%
Fundraising cost ratio 0%
Revenue growth 83%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 3%
Fundraising fee ratio 0%

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
Total grants receivedfrom 1 funder$27

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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
FY2025 (Latest)$207K revenue · ⤓ 990 PDF
FY2024$217K revenue · ⤓ 990 PDF
FY2023$184K revenue · ⤓ 990 PDF
FY2022$223K revenue · viewing · ⤓ 990 PDF
FY2021$122K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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