American Educational Development Incorporated

EIN: 593564028 501(c)(3) Religion

Clearwater, FL

Total Revenue
$321,216
Total Expenses
$348,030
Total Assets
$211,311
Net Assets
$211,311
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
FL
Principal Officer
Timothy Ekno
Phone
8304314455
Tax Period
2024-01-01 to 2024-12-31

American Educational Development Incorporated, founded in 2003, is a small nonprofit in the Religion sector that reported $321K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

American Educational Development Incorporated conducts ministry evangelism and aids in the delivery of basic needs and community development projects to those suffering from leprosy.

Program Service Accomplishments

Program 1
Expenses: $39,609 Revenue: $0

American Educational Development Incorporated aids in the delivery sustainability projects to include clean water deep bore wells and the planting of crops that enables those afflicted with leprosy...

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American Educational Development Incorporated aids in the delivery sustainability projects to include clean water deep bore wells and the planting of crops that enables those afflicted with leprosy whether directly or indirectly to provide a long-term source of revenue.

Program 2
Expenses: $56,145 Revenue: $0

American Educational Development Incorporated aids in the delivery of basic needs to those suffering from Leprosy to include food clothing shelter and restroom facilities. Additionally American...

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American Educational Development Incorporated aids in the delivery of basic needs to those suffering from Leprosy to include food clothing shelter and restroom facilities. Additionally American Educational Development Incorporated aids in the delivery of medical supplies to those suffering from Leprosy

Program 3
Expenses: $52,225 Revenue: $0

American Educational Development Incorporated conducts ministry evangelism discipleship and worship conferences and seminars to churches pastors and missionaries.

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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 (2024)

Revenue Breakdown

Contributions & Grants $320,971
Program Service Revenue $0
Investment Income $245
Other Revenue $0
TOTAL REVENUE $321,216

Expense Breakdown

Grants Paid $71,838
Salaries & Benefits $117,244
Fundraising Expenses $27,108
Program Expenses $147,979
Other Expenses $158,948
TOTAL EXPENSES $348,030

Year-over-Year Comparison

2024 2023 Change
Revenue $321,216 $282,131 +0.1%
Expenses $348,030 $282,209 +0.2%
Net Income $-26,814 $-78 +342.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
4
Employees
2
Volunteers
5

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
7
$110,275
Key Employees
1
$96,975
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Timothy Ekno Executive Director 40.00
Director Key Emp
$79,200 $17,775 $96,975
Vanessa Ekno Director 1.00
Director
$0 $0 $0
Kathryn Ekno-Heape Director 4.00
Director
$13,300 $0 $13,300
Neal Pafford Director 1.00
Director
$0 $0 $0
Wayne Varco Director 1.00
Director
$0 $0 $0
David C Gibbs III Director 1.00
Director
$0 $0 $0
Jonathan Bailie 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
2024 $321,216 $348,030 $211,311 $-26,814
2023 $282,131 $282,209 $238,125 $-78
2022 $321,676 $311,901 $238,203 $9,775
2021 $353,385 $315,854 $228,428 $37,531
2020 $244,187 $169,779 $190,897 $74,408
2019 $239,760 $247,235 $116,489 $-7,475
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