MISSION
Organized & operated exclusively to increase the knowledge of the public about business and entrepreneurship through training, mentorship and community events, qualified for exemption under section 501(c)(3) as an educational organization
WWW.PANACEAACADEMY.ORGDEMOGRAPHIC
ADDRESS
150 N WACKER DRIVE STE 4250
60606
COUNTY
cook county, IL
IN CARE OF NAME
DERRICK COLTON
ORGANIZATIONAL OVERVIEW & RANKINGS
PANACEA ACADEMY is a based in CHICAGO, IL, focused on Community Improvement, Capacity Building causes , specifically Management Services for Small Business, Entrepreneurs. Established in May 2019, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 1,718,981 among 2,656,690 nonprofits nationally (Top 65%), demonstrating developing financial capacity relative to its peers. At the state level, it stands at 36,675 out of 106,037 organizations in IL (Top 35%).
In cook county, IL, the organization ranks 19,606 out of 46,103 nonprofits by assets (Top 43%), while locally in chicago, it stands at 17,891 among 28,197 organizations (Top 64%).
The organization reported no revenue in the most recent filing period, placing it at 887,477 nationally and 48,428 in IL.
Within its specific NTEE classification (S43 - S: Community Improvement, Capacity Building), which includes 1,084 similar organizations, PANACEA ACADEMY ranks 427 in assets (Top 39%) and 415 in revenue (Top 38%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2018 and was reinstated on March 15, 2019 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year. Additional information can be found at WWW.PANACEAACADEMY.ORG.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
S: Community Improvement, Capacity Building
NTEE CODE
S43: Management Services for Small Business, Entrepreneurs
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Revoked: Tuesday, May 15, 2018;
Reinstated: Friday, March 15, 2019
TAX PERIOD
12/2018
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
05/2019
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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