Nonprofit · EIN 06-1653765
ALCHEMY INC
Tax-exempt · COPLEY, OH 44321
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2026 | 990 | $309,176 | $297,362 | $11,814 | $55,629 | $919 | $54,710 |
| June 30, 2025 | 990 | $400,371 | $371,954 | $28,417 | $89,264 | $46,368 | $42,896 |
| June 30, 2024 | 990 | $399,357 | $443,017 | -$43,660 | $51,579 | $37,100 | $14,479 |
Financial details: 990 for the year ended June 30, 2026
Revenue
- Contributions, gifts and grants
- $309,176
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $127,232
- Salaries, compensation and benefits (total)
- $148,658
- Professional fundraising fees
- $0
- Accounting fees
- $10,216
- Occupancy
- $7,345
- Travel
- $34,275
- Program services (functional)
- $152,442
- Management and general (functional)
- $144,920
Balance sheet and other
- Total assets, start of year
- $89,264
- Total assets, end of year
- $55,629
- Total liabilities, end of year
- $919
- Net assets, end of year
- $54,710
- Net assets without donor restrictions
- $54,710
- Gross receipts
- $309,176
- Employees
- 1
- Year formed
- 2003
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KWAME SCRUGGS | EXECUTIVE DI Trustee or director | 50 | $127,232 |
| BRUCE ALEXANDER | TRUSTEE Trustee or director | – | $0 |
| MITCH ALLEN | TRUSTEE Trustee or director | – | $0 |
| GEOFF AUERBACH | TRUSTEE Trustee or director | – | $0 |
| CARLA CHAPMAN | CHAIRPERSON Trustee or director, Officer | – | $0 |
| BRANDYN COSTA | SECRETARY Trustee or director, Officer | – | $0 |
| DEBRA DRONE | TREASURER Trustee or director | – | $0 |
| RUSSEL NEAL | TRUSTEE Trustee or director | – | $0 |
990 for the year ended June 30, 2025: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KWAME SCRUGGS | EXECUTIVE DI Trustee or director | 50 | $175,832 |
| BRUCE ALEXANDER | TRUSTEE Trustee or director | 2 | $0 |
| MITCH ALLEN | TRUSTEE Trustee or director | 2 | $0 |
| GEOFF AUERBACH | TRUSTEE Trustee or director | 2 | $0 |
| CARLA CHAPMAN | CHAIRPERSON Trustee or director, Officer | 2 | $0 |
| BRANDYN COSTA | SECRETARY Trustee or director, Officer | 2 | $0 |
| DEBRA DRONE | TREASURER Trustee or director | 2 | $0 |
| DR MICHAEL FORBES | TRUSTEE Trustee or director | 2 | $0 |
| RUSSEL NEAL | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KWAME SCRUGGS | EXECUTIVE DI Trustee or director | 50 | $245,270 |
| BRUCE ALEXANDER | TRUSTEE Trustee or director | 2 | $0 |
| MITCH ALLEN | TRUSTEE Trustee or director | 2 | $0 |
| BRANDYN COSTA | SECRETARY Trustee or director, Officer | 2 | $0 |
| DEBRA DRONE | TREASURER Trustee or director | 2 | $0 |
| RUSSEL NEAL | TRUSTEE Trustee or director | 2 | $0 |
| CARLA SIBLEY | CHAIRPERSON Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 4041, COPLEY, OH 44321-0041
- In care of
- % GENE SCRUGGS
- Principal officer (990 for 2025)
- KWAME SCRUGGS, PO BOX 4041, COPLEY, OH 44321
- Signed the 990
- KWAME SCRUGGS, EXECUTIVE DIRECTOR
- Phone
- (330) 590-1696
- Website
- WWW.ALCHEMYINC.NET
- Return prepared by
- MARGIDA & ASSOCIATES INC
Mission
TO ASSIST URBAN ADOLESCENTS TO DEVELOP A SENSE OF PURPOSE IN LIFE AND TO THRIVE AS MEMBERS OF A FAMILY, SCHOOL AND COMMUNITY.
Program accomplishments
- APS IN SCHOOL MALE PROGRAM IS AN ALCHEMY MENTORING GROUP WHICH MEETS DURING THE SCHOOL DAY THROUGHOUT EACH ACADEMIC YEAR, FOR 22-25 WEEKS, IN AKRON PUBLIC SCHOOL (APS) SCHOOL BUILDINGS. THROUGH THE TELLING, DISCUSSION, AND INTERPRETATION OF ASSIGNED ANCIENT MYTHOLOGICAL TALES TOLD TO THE BEAT OF A DJEMBE DRUM AND WITH STUDENTS SEATED IN A SAFE CIRCLE TO CULTIVATE A SENSE OF COMMUNITY. TRAINED FACILITATORS TEACH PARTICIPANTS TO NAVIGATE LIFE'S CHALLENGES THROUGH EXPLORATION INTO ETHICS, HUMANKIND, CRITICAL DECISION MAKING, AND MUCH MORE. WRITING SKILLS ARE ALSO DEVELOPED THROUGH REQUIRED JOURNALING DURING EACH SESSION. THE HIGHLY EXPERIENCED GUIDANCE FROM CLASSROOM FACILITATORS HELPS THEM ENVISION AND DEVELOP CLEAR GOALS, FOR BOTH THEIR ACADEMIC AND LIFE JOURNEYS.Expenses $111,183
- NYC SILBERMAN PROJECT THESE WORKSHOPS WERE FOCUSED ON THE PRINCIPLES, TECHNIQUES, AND APPLICATIONS OF THE ALCHEMY METHOD. THROUGH THE TELLING OF MYTHS AND THE DISCUSSIONS THAT FOLLOW, PARTICIPANTS GAINED A DEEPER UNDERSTANDING OF SELF AND EXPERIENCE HOW THE USE OF AGE-OLD NARRATIVES CAN LEAD TO PROFOUND PERSONAL GROWTH AND HEALING.Expenses $28,778
- GJA ALCHEMY PROVIDED MONTHLY IN-SCHOOL SESSIONS FROM OCTOBER 2025 TO MAY 2026 FOR 8TH GRADE MALE YOUTH AT GEORGE JACKSON ACADEMY IN THE EAST VILLAGE WHICH IS LOCATED AT 104 ST. MARKS PLACE. THE GROUPS WERE CONDUCTED USING THE ALCHEMY METHOD WHICH IS CENTERED AROUND THE TELLING, DISCUSSION, AND INTERPRETATION OF MYTHOLOGICAL STORIES TOLD TO THE BEAT OF AN AFRICAN DRUM. THROUGH DISCUSSION AND JOURNALING STUDENTS BEGIN AND CONTINUE TO EXPLORE THEIR PERSONAL CHALLENGES AS THEY ENVISION AND ADOPT THE CHARACTER TRAITS OF THE STORIES' HEROES (E.G., PATIENCE, HUMILITY, SELF-SACRIFICE, ETC.). A KEY FOCUS WAS ON SOCIAL-EMOTIONAL-LEARNING (SEL) GROWTH WITH A FOCUS ON LONG-TERM BENEFITS THAT PROMOTE GENERATIONAL CHANGES.Expenses $12,481
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | 990 on file |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 06-1653765
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P30)
- Assets (IRS master file)
- $55,629
- Income (IRS master file)
- $309,176
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2026 | $309,176 | $297,362 | $55,629 | XML |
| 990 | June 2025 | $400,371 | $371,954 | $89,264 | XML |
| 990 | June 2024 | $399,357 | $443,017 | $51,579 | XML |
| 990 | June 2023 | $612,713 | $591,656 | $60,239 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 06-1653765).
Questions about ALCHEMY INC
- What is the EIN of ALCHEMY INC?
- The employer identification number (EIN) of ALCHEMY INC is 06-1653765.
- Is ALCHEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to ALCHEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ALCHEMY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ALCHEMY INC due?
- The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ALCHEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2026.
- Who is the principal officer of ALCHEMY INC?
- The 990 for the year ended June 30, 2026 names KWAME SCRUGGS.
- Who are the officers and directors of ALCHEMY INC?
- The 990 for the year ended June 30, 2026 lists 8 people; 1 received compensation from the organization, the highest $127,232 (KWAME SCRUGGS, EXECUTIVE DI).
- How much revenue does ALCHEMY INC have?
- On its 990 for the year ended June 30, 2026 it reported revenue of $309,176, expenses of $297,362 and total assets of $55,629 at year end.
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