Overview
What is Detroit Achievement Academy Foundation?
Detroit Achievement Academy Foundation is a 501(c)(3) nonprofit organization, headquartered in Detroit, Michigan. The Foundation's primary mission is to support the education of school children in Detroit, primarily by administering grants to benefit Detroit Achievement Academy and its schools. Additionally, the Foundation may also provide grants to educational institutions serving urban city schools, as long as these purposes are permissible under section 501(c)(3) of the Internal Revenue Code. The Foundation also manages and deals with real and personal property, using gifts, grants, and bequests to further its objectives. The Foundation's purpose is to enhance the educational experience for children in Detroit and its public and charter schools.
Is Detroit Achievement Academy Foundation legitimate?
Detroit Achievement Academy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Detroit Achievement Academy Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Detroit Achievement Academy Foundation?
The Detroit Achievement Academy Foundation's primary mission is to support the educational needs of school children, specifically those in Detroit Achievement Academy schools and other public and charter schools within the city of Detroit. They achieve this by administering funds and property for charitable, scientific, literary, and educational purposes, as per Section 501(C)(3) of the Internal Revenue Code. The foundation also acquires, manages, and disposes of property and applies gifts, grants, bequests, and devises to further its objectives, which must be permissible for an organization described in Section 501(C)(3) of the Internal Revenue Code. The foundation has supported Detroit Achievement Academy and Detroit Preparatory Academy, incurring expenses to enhance their operations for the benefit of the city's school children.
Who is the CEO of Detroit Achievement Academy Foundation?
Kyle Smitley is the Member of Detroit Achievement Academy Foundation.
What is the revenue of Detroit Achievement Academy Foundation?
Detroit Achievement Academy Foundation's revenue in 2022 was $1,808,998.
Who are the executives of Detroit Achievement Academy Foundation and what are their salaries?
- Lenora Hanks (Member)
- Alison Lapetina (Member)
- Frances Piccirilli (Member)
- Kyle Smitley (President)
Where can I find the form 990 for Detroit Achievement Academy Foundation?
The Detroit Achievement Academy Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Detroit Achievement Academy Foundation
The Detroit Achievement Academy Foundation, a charitable organization, is primarily dedicated to supporting the educational needs of school children, specifically those in Detroit and other urban cities. In alignment with its 501(c)(3) status, the foundation's mission is to administer funds and properties for charitable, scientific, literary, and educational purposes. This mission extends to providing grants to benefit Detroit Achievement Academy or any of its schools, as long as these purposes are permissible for a 501(c)(3) organization. If not, the foundation then extends its support to educational institutions catering to school children in Detroit or other urban cities.
Beyond grant-making, the Detroit Achievement Academy Foundation also engages in acquiring, owning, disposing of, and dealing with real and personal property and interests. The foundation's activities are guided by its board of directors, ensuring that all actions are appropriate and not prohibited by section 501(c)(3) of the Internal Revenue Code. In line with its mission, the foundation has awarded grants and incurred expenses to support the operations of Detroit Achievement Academy and Detroit Preparatory Academy, thereby benefiting school children in Detroit.
Impact
This information is meant to be a general summary of Detroit Achievement Academy Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Detroit Achievement Academy Foundation has had a significant impact on the school children in Detroit by supporting Detroit Achievement Academy schools and other city of Detroit public and charter schools. Through awarded grants and incurred expenses, the foundation has contributed to the operations of these schools, ultimately benefiting the students in the Detroit area. This support has helped to enhance educational opportunities and resources for these children, aiming to improve their academic outcomes and overall well-being.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
2016
Phone
(419) 439-5953
Principal Officer
Kyle Smitley
Main Address
7000 W OUTER DRIVE, DETROIT, MI, 48235
NTEE Category
Code: B11 - Education
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