Form 990 for tax year 2023

Filed by ARMSTEAD ACADEMIC PROJECT.

What the amendment changed

Compared with the return it replaced , filed 15 November 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue: $294,446 changed to $451,224
Total expenses: $89,131 changed to $398,914
Contributions and grants received: $214,847 changed to $564,743
Grants paid: $0 changed to $135,000
Investment income: $6,160 changed to $18,415
Other revenue: $73,439 changed to -$131,934
Total assets, end of year: $437,268 changed to $488,927
Total liabilities, end of year: $4,801 changed to $1,300
Net assets or fund balances, end of year: $432,467 changed to $487,627
Program services expenses: $15,000 changed to $316,936
Management and general expenses: $74,131 changed to $7,546
Fundraising expenses: $0 changed to $74,432
Program service expenses (Part III): $15,000 changed to $316,936

Listed only on the earlier return

Aila MalikAILA MALIK
Arik ArmsteadARIK ARMSTEAD
Kahlil KeysKAHLIL KEYS
Melinda ArmsteadMELINDA ARMSTEAD

Listed only on the later return

Joanne PasternackJOANNE PASTERNACK
Khalil KeysKHALIL KEYS
Matt GutermuthMATT GUTERMUTH

Listed under a different title

Aaron ArmsteadAARON ARMSTEAD: TREASURER then BOARD CHAIR
Amobi OkugoAMOBI OKUGO: DIRECTOR then SECRETARY
Peter ScherrPETER SCHERR: SECRETARY then TREASURER

Totals

Total revenue: $451,224
Total expenses: $398,914
Contributions and grants received: $564,743
Grants paid: $135,000
Program service revenue: $0
Investment income: $18,415
Other revenue: -$131,934
Total assets, end of year: $488,927
Total liabilities, end of year: $1,300
Net assets or fund balances, end of year: $487,627
Program services expenses (Part IX): $316,936
Management and general expenses: $7,546
Fundraising expenses: $74,432
Program service expenses (Part III): $316,936

Program services were 79.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1c · Fundraising events

$51,631
1f · All other contributions, gifts and grants

$513,112
3 · Investment income

total $18,415 · excluded $18,415
8a · Fundraising events: gross income

$87,696
8a · Fundraising events: contributions included on line 1c

$51,631
8b · Fundraising events: direct expenses

$219,630
8c · Net income from fundraising events

total -$131,934 · excluded -$131,934

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $135,000 · program services $135,000
5 · Compensation of officers, directors and key employees

total $29,436 · program services $18,475 · management and general $1,013 · fundraising $9,948
7 · Other salaries and wages

total $28,104 · program services $17,639 · management and general $967 · fundraising $9,498
9 · Other employee benefits

total $1,300 · program services $816 · management and general $45 · fundraising $439
10 · Payroll taxes

total $2,538 · program services $1,593 · management and general $87 · fundraising $858
11c · Fees: accounting

total $1,648 · program services $1,034 · management and general $57 · fundraising $557
11g · Fees: other

total $123,032 · program services $77,218 · management and general $4,235 · fundraising $41,579
12 · Advertising and promotion

total $17,521 · program services $10,997 · management and general $603 · fundraising $5,921
13 · Office expenses

total $1,985 · program services $1,246 · management and general $68 · fundraising $671
14 · Information technology

total $3,779 · program services $2,372 · management and general $130 · fundraising $1,277
17 · Travel

total $1,547 · program services $971 · management and general $53 · fundraising $523
23 · Insurance

total $2,559 · program services $1,606 · management and general $88 · fundraising $865
24a · Other expenses: PROGRAM EVENTS

total $20,784 · program services $20,784
24b · Other expenses: FOOTBALL CAMP EXPENSES

total $20,666 · program services $20,666
24c · Other expenses: BANK FEES & CHARGES

total $5,456 · program services $3,424 · management and general $188 · fundraising $1,844
24d · Other expenses: PROGRAM SUPPLIES

total $2,880 · program services $2,880
24e · All other expenses

total $679 · program services $215 · management and general $12 · fundraising $452

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $422,145 · end of year $484,771
2 · Savings and temporary cash investments

beginning of year $15,123
8 · Inventories for sale or use

end of year $4,156
17 · Accounts payable and accrued expenses

beginning of year $4,801 · end of year $1,300
27 · Net assets without donor restrictions

beginning of year $432,467 · end of year $487,627

Mission and programs · 2023

Mission

THE ARMSTEAD ACADEMIC PROJECT INVESTS ITS TIME, RESOURCES, AND PASSION INTO CREATING STRONGER COMMUNITIES IN THE SACRAMENTO, CALIFORNIA AREA BY PROVIDING SPACE AND DIRECT SUPPORT FOR LOCAL ORGANIZATIONS THAT PROVIDE CHARITABLE SERVICES TO ECONOMICALLY DISADVANTAGED CHILDREN IN THE AREA. ARMSTEAD ACADEMIC PROJECT SEEKS OUT AND IDENTIFIES COMMUNITY LEADERS WHO ARE ALREADY MANAGING AND RUNNING UNDER-FUNDED DIRECT CHARITABLE PROGRAMS FOR CHILDREN, AND PROVIDES THOSE LEADERS AND PROGRAMS WITH ADDITIONAL RESOURCES AND INFRASTRUCTURE TO ALLOW THOSE PROGRAMS TO INCREASE THEIR SIZE AND SCALE WITHIN THE COMMUNITY. ARMSTEAD ACADEMIC PROJECT AIMS TO OBTAIN ADDITIONAL FUNDING SUFFICIENT TO ESTABLISH A PHYSICAL LOCATION THAT SERVES AS A CORNERSTONE COMMUNITY CENTER THAT IS ANCHORED IN THE SACRAMENTO AREA.

ARMSTEAD ACADEMIC PROJCT PROVIDES FUNDS TO ORGANIZATIONS THROUGH AN APPLICATION PROCESS. THE PROJECT AWARDS GRANTS TO APPLICANTS BASED ON THE FOLLOWING CRITERIA: EACH APPLICANT MUST PROVIDE A DESCRIPTION OF THEIR PROJECT, THE TOTAL COST, AND THE AMOUNT REQUESTED FROM AAP. IN THEIR GRANT APPLICATIONS, APPLICANTS MUST DESCRIBE THE WORK OF THEIR AGENCY OR PROGRAM, INCLUDING A BRIEF DESCRIPTION OF THE ORGANIZATION'S PURPOSES. NEXT, THE APPLICANT MUST EXPLAIN THE SPECIFIC PROJECT TO BE FUNDED BY INCLUDING A DESCRIPTION OF THE PROJECT, ITS GOALS, A TIMELINE FOR IMPLEMENTATION, AND SPECIFIC ACTIVITIES THAT WILL BE FUNDED. APPLICANTS MUST ALSO PROVIDE A DESCRIPTION OF THE POPULATION THAT WILL BENEFIT FROM THE PROJECT RECEIVING THE GRANT. FINALLY, APPLICANTS MUST PROVIDE AN EVALUATION OF THEIR EXPECTED RESULTS AND HOW THEY WILL MEASURE THE EFFECTIVENESS OF THEIR ACTIVITIES.

Expenses $296,270 · Grants $135,000
ARMSTEAD ACADEMIC PROJECT HOSTS A FREE YOUTH FOOTBALL CAMP FOR OVER 200 LOCAL YOUTH FROM SURROUNDING AREAS LEARN ABOUT CONDITIONING AND FOOTBALL DRILLS WHILE ALSO HAVING A Q&A SESSION ABOUT HEALTH, SCHOOL, AND FOOTBALL. PROFESSIONAL ATHLETES VOLUNTEER THEIR TIME TO SPEAK WITH THE CHILDREN ABOUT THE IMPORTANCE OF DISCIPLINE, DETERMINATION, AND EDUCATION.

Expenses $20,666

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Aaron ArmsteadAARON ARMSTEAD

BOARD CHAIR

Total calculated

$0

Hours/week

1
Matt GutermuthMATT GUTERMUTH

DIRECTOR

Total calculated

$0

Hours/week

1
Khalil KeysKHALIL KEYS

DIRECTOR

Total calculated

$0

Hours/week

1
Michelle KimMICHELLE KIM

DIRECTOR

Total calculated

$0

Hours/week

1
Amobi OkugoAMOBI OKUGO

SECRETARY

Total calculated

$0

Hours/week

1
Joanne PasternackJOANNE PASTERNACK

DIRECTOR

Total calculated

$0

Hours/week

1
Peter ScherrPETER SCHERR

TREASURER

Total calculated

$0

Hours/week

1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

MERCY HOUSING

$125,000
LEGENDARY LIFE CENTER

$7,500

Provenance

Return type: form_990
Tax year: 2023
Filed: 28 February 2025
IRS schema version: 2023v6.0
Source object: 202530609349300913

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