NonprofitsDetroit Achievement Academy Foundation

Education

Detroit Achievement Academy Foundation

DETROIT, MI

Total revenue

$2.0M

Total expenses

$908K

Net assets

$5.8M

Grants received

$873K

19 grants

EIN

812771468

Tax year

2024

Mission

A. To receive and administer funds and property and to operate exclsively for charitable, scientific, literary, and educational purposes within the meaning of section 501(c)(3) of the internal revenue code, and, in particular, to make grants to benefit detroit achievement academy or any of its schools, so long as such purpose is a permissable purpose for an organization described in section 501(c)(3) of the internal revenue code, but if such purpose is not such a permissible purpose, then to make grants to benefit educational institutions for school children located in detroit or other urban cities. B. To acquire, own, dispose of and deal with real and personal property and interests therein and to apply gifts, grants, bequests and devises and their proceeds in furtherance of the purposes of the corporation. C. To do such things and to perform such acts to accomplish its purposes as the board of directors may determine to be appropriate and as are not forbidden by section 501(c)(3) of

Programs

1 program

The foundation participated in the purchase of a building through the use of a new market tax credit for the purchase of a school building for the detroit prepatory academy.

Financials

FY 2024

Revenue

Contributions & grants$1.2M
Program service revenue
Investment income$788K
Other revenue
Total revenue$2.0M

Expenses

Grants paid
Salaries & benefits$10K
Fundraising$2K
Other expenses$898K
Total expenses$908K
Total assets$16.0M
Net assets$5.8M

People

4 listed

NameRoleCompensation

LENORA HANKS

MEMBER

Board

1 hrs/wk

ALISON LAPETINA

MEMBER

Board

1 hrs/wk

FRANCES PICCIRILLI

MEMBER

Board

1 hrs/wk

KYLE SMITLEY

PRESIDENT

Board

1 hrs/wk

Grants received

Showing 19 of 19

FromAmountPurposeYear
$20K
MAJOR GRANT
2024
$500K
SUPPORT BEST IN CLASS EDUCATION PROVIDERS
2023
$50K
TO SUPPORT THE COMMUNITY
2023
$30K
PASSTHROUGH GRANT AWARD
2023
$15K
MAJOR GRANT
2023
$12K
MAJOR GRANT, DISCRETIONARY GRANT, MATCHING GRANT
2022
$10K
EDUCATION PROGRAM/GENERAL OPERATIONS
2022
$25K
TO SUPPORT THE COMMUNITY.
2021
$5K
GENERAL SUPPORT
2021
$50K
TO SUPPORT THE COMMUNITY.
2020
$20K
INNOVATIVE SCHOOLS
2020
$20K
SCHOOL RENOVATIONS
2020
$20K
PANDEMIC RELIEF - REMOTE LEARNING
2020
$300
Matching Gift
2020
$25K
TO SUPPORT THE COMMUNITY.
2019
$25K
TO SUPPORT THE COMMUNITY.
2018
$15K
Unrestricted
2018
$20K
PUBLIC, SOCIETAL BENEFIT
2017

Funded by

$873K from 11 funders · 19 grants · 2017–2024

The Center For Education Reform

$500K · 1 grant · 2023

The Jamie & Denise Jacob Family

$175K · 5 grants · 2018–2023

Carlson Family Foundation

$47K · 3 grants · 2022–2024

Community Foundation For Southeast

$30K · 2 grants · 2020–2022

National Philanthropic Trust

$30K · 2 grants · 2017–2021

New Schools Fund

$20K · 1 grant · 2020

Charter Fund Inc

$20K · 1 grant · 2020

Details

EIN812771468
NTEE codeB11
Subsection03
Ruling date2016-07
Formed2016
Employees0
DETROIT ACHIEVEMENT ACADEMY FOUNDATION — Mission, Financials & Grants Received | Grantivo