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AKERS & AKERS FOUNDATION INC

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Public IRS 990 nonprofit record

AKERS & AKERS FOUNDATION INC

EIN 85-2565918 · Financial Counseling (P51)

What they do

to EDUCATE YOUNG AFRICAN AMERICAN CURRENT and FUTURE ENTREPRENEURS to GROW and RUN SUSTAINABLE and REPUTABLE BUSINESSES. WE TEACH THE PRINCIPLE of DEVELOPING A LIFESTYLE of ENTREPRENEURSHIP WITHOUT HAVING to RELY ON THE STRUCTURE of CORPORATE AMERICA. FURTHERMORE, WE BELIEVE IN FINANCIAL INDEPENDENCE; A FREEDOM THAT CAN CHANGE CYCLIC PATTERNS of POVERTY. OUR MOTTO AS AN ORGANIZATION is to SUPPORT THE ENDEAVORS of OUR RECIPIENTS ALONG WITH CELEBRATING EACH of THEIR MILESTONES AS THEY JOURNEY THROUGH THE ROAD to ENTREPRENEURSHIP.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders3 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

93.55%of revenue went to mission work100.0% of expenses · Program services
$93.55spent for every $100 of revenueRevenue covered expenses this year.
$0.08in assets for every $1 spent this yearSome assets cannot be spent right away.
100.0%of its money came from giftsOther money may come from services or investments.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$84,060
Mission workProgram services$78,63793.55% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$5,4236.45% of revenueShown in gray on the chart
Total expenses$78,63793.55% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2023CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 93.55% of revenue
2022Expense mix: 97.7% mission · 2.3% management · 0.0% fundraisingTotal expenses: 191.74% of revenue
2021Expense mix: 96.6% mission · 3.4% management · 0.0% fundraisingTotal expenses: 71.08% of revenue

Money in and money out

Revenue$84,060
Expenses$78,637
Annual surplus $5,423 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$78,637 · 100.0% of expenses
See all reported dollar amounts
Revenue$84,060
Expenses$78,637
Assets$6,225
Income$84,060
Contributions$84,060
Mission work (program services)$78,637
People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (3)

DANIELLE SIMMSTREASURER

ZERINA AKERSPRESIDENT

ZERINA SPALDINGSECRETARY

About this charity

Recognized since
January 2021
Location
13815 VALERIO ST, VAN NUYS, CA 91405
County
Los Angeles
In care of
ZERINA AKERS
Primary officer
ZERINA AKERS, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2023
Tax period began
January 1, 2023
Return type
990EZ
Tax preparer
PSK LLP
NTEE classification
Financial Counseling (P51)
IRS tax category
Financial Counseling

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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