Overview

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Est.

2007

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

BEST ACADEMY INC, with EIN 26-1221063, is a nonprofit organization dedicated to higher education, aiming to instruct, empower, enable, and guide children towards superior academic, social, and moral development. With an operating budget of $19.5 million and total revenue of $16.4 million for the filing year 2024, the organization is supported by multiple funders, none of which contribute 50% or more of its revenue. More information can be found on their website at www.thebestacademy.org.

Mission Statement

TO INSTRUCT, EMPOWER, ENABLE AND GUIDE CHILDREN TO ACHIEVE SUPERIOR ACADEMIC, SOCIAL AND MORAL DEVELOPMENT.
Revenues
$16.4M
Expenses
$19.5M
Net Income:
-$3.1M
Assets
$12.2M
Liabilities
$20.2M
Net Assets:
-$8.1M
Operating Budget
$19.5M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$10K
Largest grant received
$10K
E
Eric Mahmoud
Board Member
F
Fatou Diahame
Board Member
N
Nick Boettcher
Board Member

Frequently Asked Questions

What is BEST ACADEMY INC’s budget?
In 2024, BEST ACADEMY INC reported an annual operating budget of around $19.5 million. More detailed financial information is available to registered users.
What causes does BEST ACADEMY INC support?
BEST ACADEMY INC supports work in Higher education.
Where does BEST ACADEMY INC operate?
BEST ACADEMY INC is headquartered in MINNEAPOLIS, MN.
Who funded BEST ACADEMY INC recently?
In 2024, BEST ACADEMY INC received grants from THE JAY AND ROSE PHILLIPS FAMILY FOUNDATION OF MINNESOTA, ALI FAMILY FOUNDATION, and THE JAY AND ROSE PHILLIPS FAMILY FOUNDATION OF MINNESOTA. More information on this organization’s funders is available to registered users.
What is the largest grant BEST ACADEMY INC received in 2024?
The largest grant to BEST ACADEMY INC in 2024 exceeds $10 thousand.
What is BEST ACADEMY INC’s reliance on government grants?
BEST ACADEMY INC relied on government grants for more than 95% of their total revenue in 2024.