EXCELLENCE ACADEMIES FOUNDATION INC

EIN: 010790110 501(c)(3) Education

NEW YORK, NY

Total Revenue
$170,893
Total Expenses
$1,004,359
Total Assets
$37,981,309
Net Assets
$21,700,150
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
DE
Principal Officer
JOHN POWELL
Phone
6467742150
Tax Period
2022-07-01 to 2023-06-30

EXCELLENCE ACADEMIES FOUNDATION INC, founded in 2003, is a small nonprofit in the Education sector that reported $171K in total revenue in fiscal year 2022. Revenue surged 1310% from the prior year, signaling strong growth momentum. Expenses of $1.0M exceeded revenue, resulting in a 488% operating deficit.

Mission

TO SUPPORT THE CHARITABLE PURPOSE OF THE SUPPORTED ORGANIZATION, UNCOMMON SCHOOLS, INC.; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX EXEMPT ORGANIZATION, BY ENGAGING IN ACTIVITIES DIRECTED TO THE DEVELOPMENT OF INNOVATIVE SCHOOLS, ESPECIALLY CHARTER PUBLIC SCHOOLS. IN PARTICULAR, EXCELLENCE ACADEMIES FOUNDATION, INC., WHICH SUPPORTS THE START-UP, PROGRAM DEVELOPMENT, AND PROGRAM IMPLEMENTATION OF EXCELLENCE BOY'S CHARTER SCHOOL OF BEDFORD STUYVESANT AND THE ACQUISITION AND DEVELOPMENT OF PROPERTY TO BE USED BY EXCELLENCE BOYS CHARTER SCHOOL OF BEDFORD STUYVESANT, A CHARTER PUBLIC SCHOOL THAT OPENED IN THE BEDFORD STUYVESANT NEIGHBORHOOD OF BROOKLYN, NEW YORK IN AUGUST 2004.

Program Service Accomplishments

Program 1
Expenses: $1,004,359 Revenue: $170,893

EXPENSES INCURRED IN CARRYING OUT THE CHARITABLE PURPOSES OF THESUPPORTED ORGANIZATION, UNCOMMON SCHOOLS, INC.; AN INTERNALREVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, BYENGAGING IN...

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EXPENSES INCURRED IN CARRYING OUT THE CHARITABLE PURPOSES OF THESUPPORTED ORGANIZATION, UNCOMMON SCHOOLS, INC.; AN INTERNALREVENUE CODE SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION, BYENGAGING IN ACTIVITIES DIRECTED TO THE DEVELOPMENT OF INNOVATIVESCHOOLS, ESPECIALLY CHARTER PUBLIC SHCOOLS. IN PARTICULAR, THEORGANIZATION SUPPORTS THE SUCCESSFUL START-UP, PROGRAMDEVELOPMENT, AND PROGRAM IMPLEMENTATION OF EXCELLENCE BOYSCHARTER SCHOOL OF BEDFORD STUYVESANT AND THE ACQUISISTION ANDDEVELOPMENT OF PROPERTY TO BE USED BY EXCELLENCE IN THE STUYVESANTNEIGHBORHOOD OF BROOKLYN, NEW YORK IN AUGUST 2004.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $170,893
Investment Income $0
Other Revenue $0
TOTAL REVENUE $170,893

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,004,359
Other Expenses $1,004,359
TOTAL EXPENSES $1,004,359

Year-over-Year Comparison

2022 2021 Change
Revenue $170,893 $12,121 +13.1%
Expenses $1,004,359 $1,013,670 0.0%
Net Income $-833,466 $-1,001,549 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
2

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$542,362
Total Directors
3
$542,362
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRETT PEISER DIRECTOR/CEO 1.00
Officer Director
$0 $44,709 $542,362
NORMAN ATKINS DIRECTOR 1.00
Director
$0 $0 $0
ROBERT MARCUS DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $170,893 $1,004,359 $37,981,309 $-833,466
2022 $12,121 $1,013,670 $39,002,035 $-1,001,549
2021 $277,680 $1,090,219 $40,215,313 $-812,539
2020 No data $1,019,914 $40,169,977 No data
2019 No data $972,643 $45,951,990 No data
2018 $500,000 $990,419 $48,219,809 $-490,419
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