10 ACADEMY CORP

EIN: 863368596 501(c)(3) Education

Santa Clara, CA

Total Revenue
$95,587
Total Expenses
$253,130
Total Assets
$440,825
Net Assets
$440,623
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
CA
Principal Officer
Arun Sharma
Phone
3107529470
Tax Period
2024-01-01 to 2024-12-31

10 ACADEMY CORP, founded in 2021, is a micro nonprofit in the Education sector that reported $96K in total revenue in fiscal year 2024. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $253K exceeded revenue, resulting in a 165% operating deficit.

Mission

10 Academy's mission is to build Africa's workforce in key areas of the 4th Industrial Revolution including AI, Web3/Blockchain, Internet of Things and Quantum Computing. This is done by identifying, training and launching the careers of brilliant young people in Africa from having no significant previous work experience into global level jobs in key areas of the 4th Industrial Revolution.

Program Service Accomplishments

Program 1
Expenses: $45,026 Revenue: $0

From program U2J 1 51 highly qualified young Africans from 12 African countries, of which 41% were women. Each trainee received 960 hours of training took part in 11 technical challenges, 12 career...

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From program U2J 1 51 highly qualified young Africans from 12 African countries, of which 41% were women. Each trainee received 960 hours of training took part in 11 technical challenges, 12 career challenges from among 440 applicants.

Program 2
Expenses: $45,026 Revenue: $0

From program U2J 2 62 highly qualified young Africans from 8 African countries, of which 39 % were women. Each trainee received 960 hours of training took part in 11 technical challenges, 12 career...

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From program U2J 2 62 highly qualified young Africans from 8 African countries, of which 39 % were women. Each trainee received 960 hours of training took part in 11 technical challenges, 12 career challenges from among 792 applicants.

Program 3
Expenses: $135,078 Revenue: $0

From program KAIM 47 highly qualified young Africans from 1 African country, of which 45 % were women. Each trainee received 1960 hours of training took part in 11 technical challenges, 12 career...

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From program KAIM 47 highly qualified young Africans from 1 African country, of which 45 % were women. Each trainee received 1960 hours of training took part in 11 technical challenges, 12 career challenges from among 694 applicants.

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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 $71,086
Program Service Revenue $24,499
Investment Income $2
Other Revenue $0
TOTAL REVENUE $95,587

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $225,130
Other Expenses $248,130
TOTAL EXPENSES $253,130

Year-over-Year Comparison

2024 2023 Change
Revenue $95,587 $557,743 -0.8%
Expenses $253,130 $132,965 +0.9%
Net Income $-157,543 $424,778 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
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
2
$84,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Arun Sharma Managing Director 20
Officer
$42,000 $0 $42,000
Yabebal Fantaye Scientific Director 20
Officer
$42,000 $0 $42,000
Samuel Fantaye President 0
$0 $0 $0
Dorothy Nyambi Director 0
$0 $0 $0
Jacques Kotze Director 0
$0 $0 $0
Johanna Rapp Director 0
$0 $0 $0
Ada Kibet Director 0
$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 $95,587 $253,130 $440,825 $-157,543
2023 $557,743 $132,965 $619,999 $424,778
2022 $124,530 $110,445 $173,388 $14,085
2021 $208,986 $53,646 $155,340 $155,340
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