Academic Institute of Central Carolina

EIN: 274115066 501(c)(3) Education

Charlotte, NC

Total Revenue
$1,023,399
Total Expenses
$1,137,580
Total Assets
$157,934
Net Assets
$157,934
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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
NC
Principal Officer
Shaquanna Jackson
Phone
7045369007
Tax Period
2025-01-01 to 2025-12-31

Academic Institute of Central Carolina is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2025. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

To encourage and provide pre college services to persons who are traditionally under represented in post secondary education in Mecklenburg, Gaston and Union counties in NC. To ensure that income or family education background does not deter there preparation, entry and competition.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,023,399
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,023,399

Expense Breakdown

Grants Paid $0
Salaries & Benefits $636,680
Fundraising Expenses $0
Program Expenses $1,046,573
Other Expenses $500,900
TOTAL EXPENSES $1,137,580

Year-over-Year Comparison

2025 2024 Change
Revenue $1,023,399 $1,297,311 -0.2%
Expenses $1,137,580 $1,062,686 +0.1%
Net Income $-114,181 $234,625 -1.5%
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
5
Independent Members
N/A
Employees
N/A
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
4
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kristen Johnson Treasurer 0.00
Director
$0 $0 $0
Linda Johnson President 0.00
Officer
$0 $0 $0
Leslie Walker Vice President 0.00
Officer
$0 $0 $0
Sherry Caldwell Secretary 0.00
Officer
$0 $0 $0
Joy Carpenter Chairman 0.00
Officer
$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 $1,023,399 $1,137,580 $157,934 $-114,181
2024 No data No data No data No data
2023 $1,333,676 $1,395,621 $37,490 $-61,945
2022 $1,145,576 $1,274,564 $99,435 $-128,988
2021 $1,391,126 $1,162,703 $228,423 $228,423
2020 $1,239,726 $1,244,234 $-4,508 $-4,508
2019 $1,074,300 $990,365 $119,138 $83,935
2018 $1,093,273 $968,258 $126,619 $125,015
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