ELITE ACADEMY SCHOLARSHIP FUND INC

EIN: 462888683 501(c)(3) Education

BROOKLYN, NY

Total Revenue
$251,835
Total Expenses
$204,151
Total Assets
$54,080
Net Assets
$51,580
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
Principal Officer
DAVID DUBROW
Phone
7183730960
Tax Period
2021-01-01 to 2021-12-31

ELITE ACADEMY SCHOLARSHIP FUND INC, founded in 2013, is a small nonprofit in the Education sector that reported $252K in total revenue in fiscal year 2021. Revenue surged 367% from the prior year, signaling strong growth momentum. The organization ran a surplus of $48K, a strong 19% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS TO BE USED FOR TUITION TO UNDERPRIVILIGED STUDENTS SEEKING TO ATTEND PRIVATE SCHOOLS AND COLLEGES

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $251,835
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $251,835

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $200,250
Other Expenses $204,151
TOTAL EXPENSES $204,151

Year-over-Year Comparison

2021 2020 Change
Revenue $251,835 $53,937 +3.7%
Expenses $204,151 $49,255 +3.1%
Net Income $47,684 $4,682 +9.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YELENA SOKOLIN DIRECTOR/PRESIDENT 5.00
Director
$0 $0 $0
DANIEL ESTRIN DIRECTOR 5.00
Director
$0 $0 $0
ALINA BENIAMINOVA DIRECTOR 5.00
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
2021 $251,835 $204,151 $54,080 $47,684
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare ELITE ACADEMY SCHOLARSHIP FUND INC with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.