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Nonprofiteer
← AMAL ACADEMY INC

Form 990 for tax year 2023

Filed by AMAL ACADEMY INC.

Totals

Total revenue
$0
Total expenses
$350,220
Contributions and grants received
$0
Grants paid
$295,066
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$912,875
Total liabilities, end of year
$100
Net assets or fund balances, end of year
$912,775
Program services expenses (Part IX)
$349,924
Management and general expenses
$296
Fundraising expenses
$0
Program service expenses (Part III)
$349,924

Program services were 99.9% 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.

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $295,066 · program services $295,066

  • 5 · Compensation of officers, directors and key employees

    total $50,820 · program services $50,820

  • 10 · Payroll taxes

    total $4,038 · program services $4,038

  • 24a · Other expenses: Bank Charges

    total $296 · management and general $296

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $528,795 · end of year $178,575

  • 2 · Savings and temporary cash investments

    beginning of year $700,000 · end of year $700,000

  • 5 · Loans and receivables from officers and key people

    beginning of year $34,300 · end of year $34,300

  • 22 · Loans and payables to officers and key people

    beginning of year $100 · end of year $100

  • 27 · Net assets without donor restrictions

    beginning of year $1,262,995 · end of year $912,775

Mission and programs · 2023

Mission

TO HELP LOW INCOME STUDENTS REACH THEIR PROFESSIONAL DREAMS BY DEVELOPING THEIR BUSINESS SKILLS.

  • TO HELP LOW INCOME STUDENTS REACH THEIR PROFESSIONAL DREAMS BY DEVELOPING THEIR BUSINESS SKILLS.

    Expenses $349,924 · Grants $264,000

As filed on the 2023 return.

Listed in Part VII

  • Benjamin William III

    CEO

    Total calculated
    $101,640
    From this org
    $50,820
    From related orgs
    $50,820
    Other
    $0
    Hours/week
    20 + 20 related

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v6.0
Source object
202531349349312608

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