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Academy for Creating Enterprise FY2023 filing

Tax-deductible

Lehi, UT501(c)(3)Since 1999International EIN 87-0641040Revenue $1.3M in FY2023

On file with the IRSthe-academy.orgPo Box 299, 84043-1177 · Lehi, UTTax-exempt since Jul 2001School — 170(b)(1)(A)(ii)

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We ignite the entrepreneurial mindset in faith-driven people through training and support to create more abundant lives.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$131K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
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
2 of 6
filings with a surplus
Average surplus $116K a year · 5% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$131K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 16.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$64K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
-22% vs prior year
Spent
$2.3M
To programs
82%
Net assets
$3.7M
By yearFY2020–FY2025
Revenue
$1.3M
FY2023▼ -22%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.9M
FY2021$3.7M
FY2022$1.7M
FY2023$1.3M
FY2024$2.2M
FY2025$2.3M
Expenses
$2.3M
FY2023▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$2.0M
FY2023$2.3M
FY2024$2.5M
FY2025$3.0M
Net assets
$3.7M
FY2023▼ -21%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.9M
FY2021$5.1M
FY2022$4.7M
FY2023$3.7M
FY2024$3.4M
FY2025$2.7M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Jul 2001.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $1.9M Management & general 4% · $85K Fundraising 14% · $326K

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

12 people listed on the 990; $131K paid to officers and key staff.

Part VII, Section A · reportable compensation
Robert Heyn
Executive Director
$130,660Pt VII · Sec A
$0Pt VII · Sec A
Eric Louden
Vice Chair
$0Pt VII · Sec A
Joe Swenson
Board Member
$0Pt VII · Sec A
Jolene Swenson
Board Member
$0Pt VII · Sec A
Stephen W Gibson
Board Member
$0Pt VII · Sec A
Shaun Ritchie
Board Chair
$0Pt VII · Sec A
Andrew Barfus
Board Member
$0Pt VII · Sec A

Robert Heyn’s $172K as Executive Director is at the 67th percentile of top reported officer pay among 1168 $1–10M international 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 · 6 named individuals · Part VII

NameFY2025FY2023FY2022FY2021FY2020
Robert Heyn$172,302$130,660$132,889$123,815$109,875
Cameron Crowther$133,741————
Joseph Hansen——$112,932——
Kim Gibson————$106,125
Alicia Becker———$93,882$93,000
Joey Hansen———$87,000—

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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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

Empowering low-income people of faith to start businesses and achieve financial independence.

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Provided by the organization

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1 program · $1.9M · in their own filed words · FY2023
01

Grants were given to international programs who utilized member groups (called Chapters) to facilitate all activity needed to assist members in their journey to become financially independent.

$1.9Mprogram 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 · FY2025
My Brothers Keeper FoundationFY2025$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$115K
Money outPt IX
$2.3M
Ln 25
Programscol B$1.9M
Managementcol C$85K
Fundraisingcol D$326K
Owns and owesPt X
$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$3.2M
Total assetsLn 16$3.8M
LiabilitiesLn 26$64K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$113K
Investment incomeLn 3$115K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$65K
SavingsLn 2$3.1M
Cash and savings togetherLn 1–2$3.2M
Total assetsLn 16$3.8M
LiabilitiesLn 26$64K
Net assetsLn 32$3.7M
OperationsPt I, VI
EmployeesI 58
VolunteersI 67,763
Fiscal year endsHeaderDecember
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 FY23End FY23
Cash and savingsLn 1–2$3.6M$3.2M
Total assetsLn 16$4.8M$3.8M
LiabilitiesLn 26$110K$64K
Net assetsLn 32$4.7M$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$1.2M$1.2M
Pay of current officers, directors and key staffLn 5$131K$78K$26K$26K
Other salaries and wagesLn 7$461K$226K$24K$211K
Other employee benefitsLn 9$17K$9K$1K$7K
Payroll taxesLn 10$50K$30K$4K$16K
Accounting feesLn 11c$14K$3K$8K$3K
Other fees for servicesLn 11g$26K$5K$16K$5K
Advertising and promotionLn 12$45K$21K$113$24K
Office expensesLn 13$6K$4K$74$2K
Information technologyLn 14$203K$199K$1K$3K
OccupancyLn 16$12K$6K$1K$4K
TravelLn 17$70K$66K$163$3K
InsuranceLn 23$783$783
Other expenses (24a–d)Ln 24$41K$17K$2K$22K
Total functional expensesLn 25$2.3M$1.9M$85K$326K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.3M$3.0M−$695K$2.7M 990 PDF
FY2024 $2.2M$2.5M−$269K$3.4M 990 PDF
FY2023 Viewing $1.3M$2.3M−$978K$3.7M 990 PDF
FY2022 $1.7M$2.0M−$312K$4.7M 990 PDF
FY2021 $3.7M$1.4M$2.3M$5.1M 990 PDF
FY2020 $1.9M$1.3M$649K$2.9M 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 F · Foreign O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,345,456 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,719,997$1,230,123
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $4,593$115,333
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,724,590$1,345,456
I-13 Grants and similar amounts paidPrior year $906,389$1,247,876
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $697,434$658,899
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $432,704$416,401
I-18 Total expensesPrior year $2,036,527$2,323,176
I-19 Revenue less expensesPrior year −$311,937−$977,720
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,345,456 across 5 lines filed
VIII-1e Government grants$112,859
VIII-1f All other contributions, gifts and grants$1,117,264
VIII-1h Total contributions, gifts and grants$1,230,123
VIII-3 Investment incomeExcluded from tax $115,333$115,333
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $115,333$1,345,456
Part IX · Statement of functional expenses $2,323,176 across 14 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $1,247,876$1,247,876
IX-5 Pay of current officers, directors and key staffPrograms $78,396 · Management $26,132 · Fundraising $26,132$130,660
IX-7 Other salaries and wagesPrograms $226,329 · Management $24,163 · Fundraising $210,548$461,040
IX-9 Other employee benefitsPrograms $9,012 · Management $1,487 · Fundraising $7,000$17,499
IX-10 Payroll taxesPrograms $29,876 · Management $3,968 · Fundraising $15,856$49,700
IX-11c Accounting feesPrograms $3,069 · Management $8,370 · Fundraising $2,510$13,949
IX-11g Other fees for servicesPrograms $4,969 · Management $16,283 · Fundraising $4,786$26,038
IX-12 Advertising and promotionPrograms $20,531 · Management $113 · Fundraising $23,946$44,590
IX-13 Office expensesPrograms $3,556 · Management $74 · Fundraising $1,942$5,572
IX-14 Information technologyPrograms $198,834 · Management $1,395 · Fundraising $3,008$203,237
IX-16 OccupancyPrograms $6,065 · Management $1,310 · Fundraising $4,379$11,754
IX-17 TravelPrograms $66,495 · Management $163 · Fundraising $3,204$69,862
IX-23 InsurancePrograms $783$783
IX-24 Other expenses (24a–d)Programs $16,688 · Management $1,678 · Fundraising $22,250$40,616
IX-25 Total functional expensesPrograms $1,912,479 · Management $85,136 · Fundraising $325,561$2,323,176
Part X · Balance sheet $3,757,438 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $201,837$64,679
X-2 Savings and temporary cash investmentsStart of year $3,447,954$3,092,621
X-3 Pledges and grants receivableStart of year $1,123,926$594,920
X-4 Accounts receivableStart of year $4,068$1,074
X-9 Prepaid expenses and deferred chargesStart of year $3,010$4,144
X-16 Total assetsStart of year $4,780,795$3,757,438
X-17 Accounts payable and accrued expensesStart of year $109,804$64,167
X-26 Total liabilitiesStart of year $109,804$64,167
X-27 Net assets without donor restrictionsStart of year $3,353,378$3,069,077
X-28 Net assets with donor restrictionsStart of year $1,317,613$624,194
X-32 Total net assets or fund balancesStart of year $4,670,991$3,693,271
X-33 Total liabilities and net assetsStart of year $4,780,795$3,757,438
Part XI · Reconciliation of net assets $3,693,271 net assets at year end
XI-1 Total revenue$1,345,456
XI-2 Total expenses$2,323,176
XI-3 Revenue less expenses−$977,720
XI-4 Net assets at start of year$4,670,991
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,693,271

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

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