Form 990 for tax year 2023
Filed by URBAN ED ACADEMY.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2023 , filed 15 May 2025. matched by us Only the Part I totals and the names listed in Part VII 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
- $1,295,104 changed to $3,190,450
- Total expenses
- $1,635,422 changed to $4,927,498
- Contributions and grants received
- $1,262,221 changed to $3,123,260
- Investment income
- $11,561 changed to $19,154
- Other revenue
- $21,322 changed to $48,036
- Total assets, end of year
- $4,074,537 changed to $1,937,156
- Total liabilities, end of year
- $580,437 changed to $180,104
- Net assets or fund balances, end of year
- $3,494,100 changed to $1,757,052
- Program services expenses
- $1,466,063 changed to $3,723,044
- Management and general expenses
- $161,943 changed to $1,134,185
- Fundraising expenses
- $7,416 changed to $70,269
- Program service expenses (Part III)
- $1,466,063 changed to $3,723,044
Listed only on the earlier return
- Jacob Wallace
- Kai Matthews
Listed only on the later return
- Kai Mathews
- Randal Seriguchi Jr
Listed under a different title
- Angelica Dickens: Chairman then President
- Chris Russi: Treasurer then Director
- Shariff Barakat: Director then Treasurer
- Tammy Debord: Chairman then Vice President
Totals
- Total revenue
- $1,295,104
- Total expenses
- $1,635,422
- Contributions and grants received
- $1,262,221
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $11,561
- Other revenue
- $21,322
- Total assets, end of year
- $4,074,537
- Total liabilities, end of year
- $580,437
- Net assets or fund balances, end of year
- $3,494,100
- Program services expenses (Part IX)
- $1,466,063
- Management and general expenses
- $161,943
- Fundraising expenses
- $7,416
- Program service expenses (Part III)
- $1,466,063
Program services were 89.6% 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.
-
1e · Government grants (contributions)
$547,411
-
1f · All other contributions, gifts and grants
$714,810
-
3 · Investment income
total $11,561 · related or exempt $11,561
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $17,450
-
6c · Rental income or loss
real property $17,450
-
6d · Net rental income or loss
total $17,450 · related or exempt $17,450
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other Revenue- exempt
total $3,872 · related or exempt $3,872
-
11e · Other revenue, total
$3,872
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $80,167 · program services $80,167
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $241,076 · program services $189,816 · management and general $51,260
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $53,479 · program services $44,197 · management and general $9,282
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $420,661 · program services $357,633 · management and general $63,028
-
12 · Advertising and promotion
total $22,768 · program services $17,774 · management and general $4,994
-
13 · Office expenses
total $9,523 · program services $8,053 · management and general $1,470
-
14 · Information technology
total $449 · program services $337 · management and general $112
-
15 · Royalties
total $0
-
16 · Occupancy
total $105,600 · program services $105,600
-
17 · Travel
total $84,283 · program services $79,413 · management and general $4,870
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $221,688 · program services $215,959 · management and general $563 · fundraising $5,166
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $11,368 · program services $9,327 · management and general $2,041
-
24a · Other expenses: PROGRAM EXPENSES
total $112,893 · program services $107,519 · management and general $3,124 · fundraising $2,250
-
24b · Other expenses: TRAINING
total $90,512 · program services $88,990 · management and general $1,522
-
24c · Other expenses: SHORT TERM LEASE
total $61,705 · program services $58,780 · management and general $2,925
-
24d · Other expenses: HIRING
total $41,083 · program services $34,547 · management and general $6,536
-
24e · All other expenses
total $78,167 · program services $67,951 · management and general $10,216
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,948,322 · end of year $2,680,804
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $1,630,472 · end of year $586,289
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $22,143 · end of year $21,875
-
10a · Land, buildings and equipment: cost or other basis
$338,977
-
10b · Land, buildings and equipment: accumulated depreciation
$39,695
-
10c · Land, buildings and equipment, net
beginning of year $311,778 · end of year $299,282
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
beginning of year $504,260 · end of year $475,487
-
15 · Other assets
beginning of year $3,600 · end of year $10,800
-
17 · Accounts payable and accrued expenses
beginning of year $81,897 · end of year $104,950
-
25 · Other liabilities
beginning of year $504,260 · end of year $475,487
-
27 · Net assets without donor restrictions
beginning of year $2,874,119 · end of year $2,973,416
-
28 · Net assets with donor restrictions
beginning of year $960,299 · end of year $520,684
Mission and programs · 2023
Mission
TO PROVIDE EDUCATIONAL SERVICES THAT HELP 3RD, 4TH, AND 5TH GRADE STUDENTS SUCCEED ACADEMICALLY AND BECOME KNOWLEDGEABLE AND PRODUCTIVE CITIZENS WITH THE SUPPORT OF THEIR PARENTS, FAMILIES, SCHOOL AND COMMUNITIES.
-
Tutoring/Education Support, Youth Mentoring and Truance Prevention
Expenses $1,466,063
As filed on the 2023 return.
Listed in Part VII
-
Angelica Dickens
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Tammy Debord
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Patrick Otellini
Director
- Total calculated
- $0
- Hours/week
- 2
-
Ashley Elleby
Director
- Total calculated
- $0
- Hours/week
- 0
-
Jacob Wallace
Director
- Total calculated
- $0
- Hours/week
- 0
-
Shariff Barakat
Director
- Total calculated
- $0
- Hours/week
- 0
-
Chris Russi
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Kai Matthews
Executive Dir.
- Total calculated
- $0
- Hours/week
- 40
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421369349317742
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