Business & Entrepreneurial Learning Academy INC EIN 86-1536742

Business & Entrepreneurial Learning Academy INC

EIN  86-1536742 Public charity (501(c)(3)) Montclair, NJ
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Connects high schoolers with local colleges for project-based learning in business fields.
Leadership
Kevin Richberg · President · $10K
Money in and out
$69K revenue, $70K expenses
Bottom line
86% program efficiency

Connects high schoolers with local colleges for project-based learning in business fields. For fiscal year 2023 it reported $69K in revenue, $70K in expenses, and $132 in net assets.Pt I

Where the money goes · FY2023
Total revenue
$69K
Pt VIII · Ln 12
Total expenses
$70K
Pt IX · Ln 25
Net assets
$132
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$936
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Program efficiency
86%
of spending reaches programs▲ +54% vs prior filing year
Operating runway
0.0mo
months of highly liquid reserves at operating expense rate▼ -100% vs prior filing year
Surplus margin
-1%
revenue over expenses, this year▼ -164% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$69K
FY2023▲ +37%
Expenses
$70K
FY2023▲ +41%
Total assets
$132
FY2023▼ -88%
Total liabilities
$0
FY2023
Total revenue
$69K
Pt VIII · Ln 12
Total expenses
$70K
Pt IX · Ln 25
Net assets
$132
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$936
Total assetsPt X · Ln 16$132
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $60K of program spending, described in the organization's own filed words · FY2023.
01

The program partners high school students with COLLEGES/UNIVERSITIES in their areas and offers these students theopportunity to engage in project based learning in the areas of finance, accounting, marketing, real estate andentrepreneurship

$60Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBusiness & Entrepreneurial Learning Academy INC
EINHdr · item D86-1536742
Principal addressHdr · item CMontclair, NJ
WebsiteHdr · item Jwww.belabusiness.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFApr 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$10,000Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Kevin Richberg’s $10K as President is at the 33rd percentile of top reported officer pay among 144 <$100K 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 · 1 named individual · Part VII

NameFY2023FY2022
Kevin Richberg$10,000$20,100

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$38K · 55%
Program service revenue$31K · 45%
Contributions & grants55%$38K
Program service revenue45%$31K
Total revenueLn 12$69K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$60K
Management & general14%$10K
Total functional expensesLn 25$70K

Balance Sheet

Part X · end of year
CashLn 1$132
Total assetsLn 16$132
Total liabilitiesLn 26$0
Total net assetsLn 32$132
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $132 · Operating expenses/yr $70K
0.0 months
Where the money goes
Program services
Program services $60K · Total expenses $70K
86%
Management & General
Management & general $10K · Total expenses $70K
14%
Fundraising
Fundraising $0 · Total expenses $70K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $30K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $38K · Total revenue $69K
55%
Government reliance
Government grants — · Total revenue $69K
Earned-income share
Program service revenue $31K · Total revenue $69K
45%
Investment reliance
Investment income $0 · Total revenue $69K
0%
Program self-sufficiency
Program service revenue $31K · Total expenses $70K
44%
Growth & trend
Revenue growth (YoY)
This year $69K · Prior year $51K
+37%
Net-asset trend (YoY)
End of year $132 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $69K · Expenses $70K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $132
Net-asset ratio
Net assets $132 · Total assets $132
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $132
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kevin Richberg · Reported title PRESIDENT · Highest reported compensation $10K · Total expenses $70K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $10K · Total expenses $70K
14%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0%
Revenue growth 37%

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.

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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
FY2023 (Latest)$69K revenue · viewing · ⤓ 990 PDF
FY2022$51K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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