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← AMERICAN ACADEMY OF ACHIEVEMENT

Form 990 for tax year 2024

Filed by AMERICAN ACADEMY OF ACHIEVEMENT.

Totals

Total revenue
$3,534,631
Total expenses
$3,753,081
Contributions and grants received
$3,450,175
Grants paid
$0
Program service revenue
$0
Investment income
$4,510
Other revenue
$79,946
Total assets, end of year
$4,971,107
Total liabilities, end of year
$2,807,731
Net assets or fund balances, end of year
$2,163,376
Program services expenses (Part IX)
$3,488,734
Management and general expenses
$142,350
Fundraising expenses
$121,997
Program service expenses (Part III)
$3,488,734

Program services were 93.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • WAYNE REYNOLDS

    PRESIDENT/CHAIRMAN

    Total calculated
    $1,044,241
    From this org
    $904,400
    From related orgs
    $0
    Other
    $139,841
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $531,863
    Bonus
    $372,537
    Other
    $0
    Deferred
    $93,076
    Nontaxable benefits
    $46,765
    Filer's total
    $1,044,241

  • CATHERINE REYNOLDS

    VICE-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • ROBERT S LANGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GENERAL JOSEPH W RALSTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR STEVEN ROSENBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICK ATKINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BENJAMIN S CARSON

    DIRECTOR

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
MR. REYNOLDS RECEIVES COMPENSATION FOR SERVICES HE PERFORMS FOR THE ACADEMY. HIS ANNUAL COMPENSATION VARIES ANNUALLY DEPENDING ON THE ANNUAL FEE THAT ASC MANAGEMENT CO. RECEIVES UNDER ITS CONTRACT WITH THE ACADEMY (ENTERED INTO IN 1977 BY INDEPENDENT BOARD MEMBERS) AND THE NATURE AND TYPE OF SERVICES HE PROVIDES TO THE CORPORATION. THE COMPENSATION AMOUNT IS VOTED ON AND APPROVED ANNUALLY BY INDEPENDENT MEMBERS OF THE ACADEMY'S BOARD OF DIRECTORS. ADDITIONALLY, THE INDEPENDENT MEMBERS UTILIZE THE EXPERTISE OF AN INDEPENDENT COMPENSATION EXPERT. CONSISTENT WITH THE ACADEMY'S REIMBURSEMENT POLICY, FIRST CLASS TRAVEL IS PROVIDED FOR BOARD MEMBERS AND THEIR COMPANIONS THAT ATTEND THE ACADEMY'S SUMMIT. BOARD MEMBERS PARTICIPATE AS SPEAKERS AND PANELISTS IN SESSIONS WITH THE DELEGATES AND ARE AN INTEGRAL PART OF THE ACHIEVEMENT SUMMIT.
PART I, LINE 4B
THE ACADEMY MAKES CONTRIBUTIONS TO A RESTRICTED INVESTMENT ACCOUNT PURSUANT TO DEFERRED COMPENSATION AGREEMENT WITH ASC MANAGEMENT FOR THE SERVICES PROVIDED BY WAYNE REYNOLDS. FOR THE FISCAL YEAR ENDING JULY 31, 2025, THE CONTRIBUTION AMOUNT WAS $69,000.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
10 June 2026
IRS schema version
2024v5.5
Source object
202601629349301620

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