Nonprofit · EIN 88-0745006
OUR ACADEMY
Tax-exempt · LOS ANGELES, CA 90049
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $936,504 | $695,212 | $241,292 | $445,780 | $14,715 | $431,065 |
| December 31, 2023 | 990 | $1,258,141 | $1,087,640 | $170,501 | $219,332 | $29,559 | $189,773 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $933,751
- of which government grants
- $789,485
- Program service revenue
- $2,083
- Investment income
- $0
- Other revenue
- $670
Expenses
- Grants and similar amounts paid
- $12,000
- Compensation of officers, directors and key employees
- $290,686
- Salaries, compensation and benefits (total)
- $290,686
- Professional fundraising fees
- $0
- Occupancy
- $7,200
- Program services (functional)
- $384,782
- Management and general (functional)
- $240,908
- Fundraising (functional)
- $69,522
Balance sheet and other
- Total assets, start of year
- $219,332
- Total assets, end of year
- $445,780
- Total liabilities, end of year
- $14,715
- Net assets, end of year
- $431,065
- Net assets without donor restrictions
- $431,065
- Gross receipts
- $936,504
- Employees
- 2
- Volunteers
- 1
- Year formed
- 2022
- State of legal domicile
- CA
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HILARY L YU | PRESIDENT EXECUTIVE DIRECTOR Key employee | 40 | $155,769 |
| DEVAN MCLAREN | VICE PRESIDENT Officer | 40 | $103,486 |
| KUBA GRABOWSKI | TREASURER Trustee or director | 0.5 | $0 |
| TESS M TAYLOR | DIRECTOR Trustee or director | 0.5 | $0 |
| KIMBERLY DILLON | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HILARY L YU | PRESIDENT EXECUTIVE DIRECTOR Key employee | 50 | $137,500 |
| JESSICA STRANGE | DIRECTOR Trustee or director | 10 | $62,400 |
| DEVAN MCLAREN | VICE PRESIDENT Officer | 30 | $16,667 |
| KIMBERLY DILLON | DIRECTOR Trustee or director | 1 | $8,750 |
| TESS M TAYLOR | DIRECTOR Trustee or director | 1 | $0 |
| KUBA GRABOWSKI | TREASURER Trustee or director | 2 | $0 |
| MORRIS KELLY | DIRECTOR Former | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 11714 GOSHEN AVE APT 202, LOS ANGELES, CA 90049-6139
- In care of
- % HILARY YU
- Signed the 990
- HILARY YU, PRESIDENT
- Phone
- (310) 270-6719
- Return prepared by
- Checkley and Associates Accounting
California records
California keeps its own records of charities and corporations. Search them by EIN 88-0745006 or by the name OUR ACADEMY.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
Our Academy is a 501(c)(3) public benefit corporation with the mission of supporting BIPOC entrepreneurs who hail form impacted communities. Through our business accelerator, we offer free resources to promote the success of individuals who participate in our programs
Program accomplishments
- Our Academy is a 501(c)(3) public benefit corporation with the mission of supporting BIPOC entrepreneurs who hail from impacted communities. Through our business accelerator, we offer free one-on-one mentorship programs with experienced executives, live educational programming and online learning content, and resources to promote the success of the individuals who participate in our program.Expenses $384,782
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 88-0745006
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B60)
- Assets (IRS master file)
- $445,780
- Income (IRS master file)
- $936,504
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $936,504 | $695,212 | $445,780 | IRS |
| 990 | December 2023 | $1,258,141 | $1,087,640 | $219,332 | XML |
| 990-EZ | December 2022 | – | – | – | 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 88-0745006).
Questions about OUR ACADEMY
- What is the EIN of OUR ACADEMY?
- The employer identification number (EIN) of OUR ACADEMY is 88-0745006.
- Is OUR ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to OUR ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OUR ACADEMY 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 OUR ACADEMY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OUR ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of OUR ACADEMY?
- The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $155,769 (HILARY L YU, PRESIDENT EXECUTIVE DIRECTOR).
- How much revenue does OUR ACADEMY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $936,504, expenses of $695,212 and total assets of $445,780 at year end.
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