INSTITUTE OF TECHNOLOGY AND ACADEMICS

EIN: 208488048 501(c)(3) Education

Milwaukee, WI

Total Revenue
$3,365,773
Total Expenses
$3,663,644
Total Assets
$8,598,535
Net Assets
$496,824
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Legal Domicile
WI
Principal Officer
KULBIR SINGH
Phone
4143659375
Tax Period
2022-07-01 to 2023-06-30

INSTITUTE OF TECHNOLOGY AND ACADEMICS is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

WE ARE A HIGH ACHIEVING, HIGH PERFORMING URBAN SCHOOL WHERE WE PREPARE THE CHILDREN OF MILWAUKEE FOR AN EXCEPTIONAL CAREER, LIFE AND FUTURE.

Program Service Accomplishments

Program 1
Expenses: $3,055,404 Revenue: $2,542

The Insitute of Technology and Academics has two campuses to serve its students. The lower campus houses K4-2nd Grade while the upper campus houses 3rd-8th Grade

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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 $3,348,556
Program Service Revenue $0
Investment Income $1,166
Other Revenue $16,051
TOTAL REVENUE $3,365,773

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,739,860
Fundraising Expenses $60,803
Program Expenses $3,055,404
Other Expenses $1,923,784
TOTAL EXPENSES $3,663,644

Year-over-Year Comparison

2022 2021 Change
Revenue $3,365,773 $3,054,131 +0.1%
Expenses $3,663,644 $3,338,316 +0.1%
Net Income $-297,871 $-284,185 +0.0%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
79
Volunteers
N/A

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
2
$125,000
Total Directors
5
$125,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KULBIR SINGH PresExec Director 40.00
Officer Director
$125,000 $0 $125,000
DR DAVID BORST CHAIRMAN 1.000
Officer Director
$0 $0 $0
PRINCESS JONES DIRECTOR 1.000
Director
$0 $0 $0
MARKITA JEFFERSON DIRECTOR 1.000
Director
$0 $0 $0
DINO ANTONOPOULOS DIRECTOR 1.000
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 $3,365,773 $3,663,644 $8,598,535 $-297,871
2022 $3,054,131 $3,338,316 $3,228,829 $-284,185
2021 $2,923,130 $2,403,626 $1,852,952 $519,504
2020 $2,738,078 $2,639,638 $1,440,682 $98,440
2019 $2,683,858 $2,511,517 $766,491 $172,341
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