Civic Intelligence

Veritas Preparatory Academy

990 • Fiscal year 2015 • EIN 05-0527441

Jul 01, 2014 to Jun 30, 2015 • Filed on May 16, 2016

Organization ProfileWWW.VERITASPREPACADEMY.ORG
2131 E Lincoln DrivePhoenix, AZ 85018

(480) 899-9181

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

66th percentile

0.37x

Higher debt load relative to assets than 66% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

31st percentile

0.08x

Higher debt load relative to revenue than 31% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

61st percentile

6.2%

Higher net margin than 61% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

74th percentile

$188,551

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

91st percentile

38%

Faster asset growth than 91% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

45th percentile

1.8%

Faster revenue growth than 45% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$1,364,808

Up $378,593 (+38%) from 2014

Net Assets

Up

$860,387

Up $373,666 (+77%) from 2014

Liabilities

Up

$504,421

Up $4,927 (+1.0%) from 2014

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin61st percentile

Revenue

Up

$6,054,967

Up $109,494 (+1.8%) from 2014

Expenses

Up

$5,681,301

Up $71,138 (+1.3%) from 2014

Net Income

Up

$373,666

Up $38,356 (+11%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $495,789Liabilities 2011: $244,119Net Assets 2011: $251,6702011Assets 2012: $649,260Liabilities 2012: $408,408Net Assets 2012: $240,8522012Assets 2013: $683,277Liabilities 2013: $531,866Net Assets 2013: $151,4112013Assets 2014: $986,215Liabilities 2014: $499,494Net Assets 2014: $486,7212014Assets 2015: $1,364,808Liabilities 2015: $504,421Net Assets 2015: $860,3872015Assets 2016: $1,776,022Liabilities 2016: $465,923Net Assets 2016: $1,310,0992016Assets 2017: $1,743,395Liabilities 2017: $361,875Net Assets 2017: $1,381,5202017Assets 2018: $1,810,469Liabilities 2018: $441,445Net Assets 2018: $1,369,0242018Assets 2019: $2,021,692Liabilities 2019: $615,938Net Assets 2019: $1,405,7542019Assets 2020: $2,004,453Liabilities 2020: $572,491Net Assets 2020: $1,431,9622020Assets 2021: $2,460,439Liabilities 2021: $657,623Net Assets 2021: $1,802,8162021Assets 2022: $2,633,373Liabilities 2022: $600,085Net Assets 2022: $2,033,2882022Assets 2023: $13,876,077Liabilities 2023: $11,276,268Net Assets 2023: $2,599,8092023Assets 2024: $13,473,635Liabilities 2024: $10,801,557Net Assets 2024: $2,672,0782024Assets 2025: $13,233,532Liabilities 2025: $10,547,931Net Assets 2025: $2,685,6012025

Highlighted filing

2015

Assets$1,364,808
Liabilities$504,421
Net Assets$860,387
Open 2015 Filing

Operations Trend

Revenue Growth45th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $3,411,9542011Expenses 2012: $3,861,8132012Revenue 2013: $5,051,809Expenses 2013: $5,141,250Net Income 2013: -$89,4412013Revenue 2014: $5,945,473Expenses 2014: $5,610,163Net Income 2014: $335,3102014Revenue 2015: $6,054,967Expenses 2015: $5,681,301Net Income 2015: $373,6662015Revenue 2016: $6,606,751Expenses 2016: $6,157,039Net Income 2016: $449,7122016Revenue 2017: $6,618,591Expenses 2017: $6,554,428Net Income 2017: $64,1632017Revenue 2018: $6,905,488Expenses 2018: $6,918,729Net Income 2018: -$13,2412018Revenue 2019: $7,455,471Expenses 2019: $7,435,482Net Income 2019: $19,9892019Revenue 2020: $7,837,271Expenses 2020: $7,826,376Net Income 2020: $10,8952020Revenue 2021: $8,349,052Expenses 2021: $8,007,503Net Income 2021: $341,5492021Revenue 2022: $8,971,081Expenses 2022: $8,675,063Net Income 2022: $296,0182022Revenue 2023: $10,013,225Expenses 2023: $9,475,432Net Income 2023: $537,7932023Revenue 2024: $10,122,599Expenses 2024: $10,087,231Net Income 2024: $35,3682024Revenue 2025: $9,857,384Expenses 2025: $9,879,631Net Income 2025: -$22,2472025

Highlighted filing

2015

Revenue$6,054,967
Expenses$5,681,301
Net Income$373,666
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 16, 2016
Return Version
2014v6.0
Gross Receipts
$6,057,884
Mission and Program Overview

Mission

A veritas preparatory academy education prepares students to be more than just proficient test takers, but rather, to become great-hearted leaders capable of success throughout their higher education and professional careers. With a curriculum built upon a classical liberal arts tradition and a revolutionary approach to school itself, great hearts cultivates the hearts and minds of students in the pursuit of truth, goodness, and beauty.

The mission of veritas preparatory academy ("academy") is to educate students (con't sch o)for the lifelong pursuit of truth, goodness, and beauty.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$841,672$975,129▲ $133,457
Land, Buildings, and Equipment, Net$70,834$156,440▲ $85,606
Accounts Receivable$13,434$118,592▲ $105,158
Prepaid Expenses and Deferred Charges$47,775$114,447▲ $66,672
Pledges and Grants Receivable$12,500--
Total Assets$986,215$1,364,808▲ $378,593
Other Assets Total$0$200▲ $200
Liabilities
Accounts Payable and Accrued Expenses$247,762$253,148▲ $5,386
Other Liabilities$194,619$250,378▲ $55,759
Deferred Revenue$57,113$895▼ $56,218
Total Liabilities$499,494$504,421▲ $4,927
Net Assets / Fund Balance
Unrestricted Net Assets$461,721$860,387▲ $398,666
Temporarily Rstr Net Assets$25,000$0▼ $25,000
Total Net Assets Fund Balance$486,721$860,387▲ $373,666
Total Liabilities and Net Assets / Fund Balance$986,215$1,364,808▲ $378,593

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$56,233$43,755$99,988
Buildings$42,107$18,942$61,049
Leasehold Improvements$58,100-$58,100
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Andrew EllisonDirector-$128,575$128,575
Helen HayesDirector-$125,301$125,301
Douglas MinsonHeadmasterFT$109,340$109,340
Jay HeilerDirector-$101,029$101,029

Board Members and Trustees

NameTitle
Robert J MulhernPresident
Shannon ClancyVice President
Samir SawhneyDirector
Ward HusethCFO
Amy HallSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Great Hearts AcademiesManagement Services3102 N 56TH ST STE 300, Phoenix, AZ 85018$409,867
Revenue and Support

Revenue Composition

Contributions and Grants
$755,411
Program Service Revenue
$5,292,448
Investment Income
$11
Other Revenue
$7,097
All Other Contributions
$693,265
Change in Net Assets
$373,666

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,054,967
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,917
Total Revenue per Audited Statements
$6,057,884
Total Revenue per Form 990
$6,054,967
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,432,178
Other Expenses$2,249,123
Total Fundraising Expense$62,847
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,310,627$473,479$33,809$2,817,915
Occupancy$782,888$248,279-$1,031,167
Fees for Services Management-$409,867-$409,867
Other Employee Benefits$323,776$44,011$3,211$370,998
Payroll Taxes$185,337$40,093-$225,430
Office Expenses$65,162$38,087-$103,249
Fees for Services Other$51,506$37,183-$88,689
All Other Expenses-$34,153-$34,153
Other Expenses$33,700$2,881$25,827$33,700
Depreciation Depletion$27,207$5,575-$32,782
Information Technology$1,033$18,262-$19,295
Pension Plan Contributions$15,026$2,809-$17,835
Insurance$14,336$2,938-$17,274
Fees for Services Accounting$9,212$1,888-$11,100
Fees for Services Legal-$9,544-$9,544
Conferences and Meetings$5,364$3,155-$8,519
Advertising-$18-$18
Total Functional Expenses$4,246,232$1,372,222$62,847$5,681,301

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,684,218
Expenses per Audited Statements$5,681,301
Total Expenses per Form 990$5,681,301
Expenses Not Reported on Form 990$2,917
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits Held for Others$170,397
Due to Related Parties$79,981
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Ward huseth as an officer of great hearts academies has a business relationship with douglas minson, helen hayes, jay heiler, and andrew ellison paid employees of great hearts academies.”

Form 990, Part VI, Section A, Line 3

“The academy has a management agreement with great hearts academies to provide management services and day-to-day oversight.”

Form 990, Part VI, Section A, Line 6

“The sole member of the academy is great hearts academies, an organization exempt from taxation under internal revenue code section 501(c)(3).”

Form 990, Part VI, Section A, Line 7A

“The school's tax-exempt sole member appoints the school's directors, fills vacancies on the board, and may remove directors.”

Form 990, Part VI, Section A, Line 7B

“The school's tax-exempt sole member retains approval rights over key decisions such as changes to the school's bylaws, articles of incorporation, educational philosophy, and significant financial expenditures (in excess of $50,000).”

Form 990, Part VI, Section B, Line 11

“The 990 is prepared by an external cpa firm and is reviewed internally by the cfo.”

Form 990, Part VI, Section B, Line 12C

“Board members, officers and all employees complete and sign a conflict of interest agreement. These agreements are reviewed by human resources and any conflicts are identified and reported to the auditors and the board to monitor.”

Form 990, Part VI, Section C, Line 19

“All board meetings are posted in advance in accordance with arizona open meetings laws. The governing documents, conflict of interest policy, and financial statements are available both at the meeting or following the meeting and upon request.”

Filing and Contact Details

Filer

Filer Name
Veritas Preparatory Academy
EIN
05-0527441
Phone
4808999181
Address
2131 E LINCOLN DRIVE, PHOENIX, AZ 85018

Signing Officer

Name
Ward Huseth
Title
CFO
Phone
4808999181
Signed
2016-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ward Huseth
Formed
2002
Legal Domicile
Az
Voting Board Members
7
Independent Board Members
4
Employees
0
Volunteers
25

Preparer

Firm
Eide Bailly Llp
Address
1850 N CENTRAL AVE SUITE 400, PHOENIX, AZ 85004-4527
Preparer
Brenda Blunt
Phone
6022645844
Supplemental Narrative

Additional Explanations

Form 990, Part V - Additional Information

“Line 2a: all payroll, payroll taxes and benefit plans are centralized through its tax-exempt sole member, great hearts academies (ein #20-2036133), which acts as the common paymaster for all of its subsidiary schools. Therefore, great hearts academies files payroll tax returns under their employer tax identification number reporting all payroll activity on behalf of the school. Payroll related expenses reported on this return represents an allocation of salaries and wages paid by the entity.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 2,917.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 2,917.”

Raw XML AppendixShowing 400 of 790 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt018262
IRS990/InformationTechnologyGrp/ProgramServicesAmt01033
IRS990/InformationTechnologyGrp/TotalAmt019295
IRS990/InsuranceGrp/ManagementAndGeneralAmt02938
IRS990/InsuranceGrp/ProgramServicesAmt014336
IRS990/InsuranceGrp/TotalAmt017274
IRS990/InvestmentIncomeGrp/ExclusionAmt011
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt011
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt024
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt062697
IRS990/LandBldgEquipBasisNetGrp/BOYAmt070834
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0156440
IRS990/LandBldgEquipCostOrOtherBssAmt0219137
IRS990/LegalDomicileStateCd0AZ
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF VERITAS PREPARATORY ACADEMY ("ACADEMY") IS TO EDUCATE STUDENTS FOR THE LIFELONG PURSUIT OF TRUTH, GOODNESS, AND BEAUTY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0486721
IRS990/NetAssetsOrFundBalancesEOYAmt0860387
IRS990/NetIncomeOrLossGrp/ExclusionAmt01006
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01006
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt06091
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt06091
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0248279
IRS990/OccupancyGrp/ProgramServicesAmt0782888
IRS990/OccupancyGrp/TotalAmt01031167
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt038087
IRS990/OfficeExpensesGrp/ProgramServicesAmt065162
IRS990/OfficeExpensesGrp/TotalAmt0103249
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0200
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03211
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt044011
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0323776
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0370998
IRS990/OtherExpensesGrp/Desc0SCHOOL LUNCH PROGRAM EX
IRS990/OtherExpensesGrp/Desc1FIELD TRIP EXPENSE
IRS990/OtherExpensesGrp/Desc2CO-CURRICULAR ACTIVITIE
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/FundraisingAmt025827
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02881
IRS990/OtherExpensesGrp/ProgramServicesAmt0201517
IRS990/OtherExpensesGrp/ProgramServicesAmt1102098
IRS990/OtherExpensesGrp/ProgramServicesAmt2117443
IRS990/OtherExpensesGrp/ProgramServicesAmt333700
IRS990/OtherExpensesGrp/TotalAmt0201517
IRS990/OtherExpensesGrp/TotalAmt1130806
IRS990/OtherExpensesGrp/TotalAmt2117443
IRS990/OtherExpensesGrp/TotalAmt333700
IRS990/OtherLiabilitiesGrp/BOYAmt0194619
IRS990/OtherLiabilitiesGrp/EOYAmt0250378
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt033809
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0473479
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02310627
IRS990/OtherSalariesAndWagesGrp/TotalAmt02817915
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt040093
IRS990/PayrollTaxesGrp/ProgramServicesAmt0185337
IRS990/PayrollTaxesGrp/TotalAmt0225430
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02809
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt015026
IRS990/PensionPlanContributionsGrp/TotalAmt017835
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt012500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt047775
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0114447
IRS990/PrincipalOfficerNm0WARD HUSETH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/Desc0STATE EQUALIZATION
IRS990/ProgramServiceRevenueGrp/Desc1CLASSROOM SITE FUNDS
IRS990/ProgramServiceRevenueGrp/Desc2CO-CURRICULAR ACTIVITI
IRS990/ProgramServiceRevenueGrp/Desc3SCHOOL LUNCH PROGRAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04543691
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1278279
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2256323
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3214155
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04543691
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1278279
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2256323
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3214155
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0722110
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02265569
IRS990/PYOtherRevenueAmt0336542
IRS990/PYProgramServiceRevenueAmt04886821
IRS990/PYRevenuesLessExpensesAmt0335310
IRS990/PYSalariesCompEmpBnftPaidAmt03344594
IRS990/PYTotalExpensesAmt05610163
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05945473
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0373666
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt06091
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05292448
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt042107
IRS990ScheduleD/BuildingsGrp/DepreciationAmt018942
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt061049
IRS990ScheduleD/EquipmentGrp/BookValueAmt056233
IRS990ScheduleD/EquipmentGrp/DepreciationAmt043755
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt099988
IRS990ScheduleD/ExpensesNotReportedAmt02917
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05681301
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt058100
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt058100
IRS990ScheduleD/OtherExpensesIncludedAmt02917
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0170397
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt179981
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS HELD FOR OTHERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED PARTIES
IRS990ScheduleD/OtherRevenueAmt02917
IRS990ScheduleD/RevenueNotReportedAmt02917
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06054967
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COST OF GOODS SOLD 2,917.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 2,917.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0156440
IRS990ScheduleD/TotalExpensesPerForm990Amt05681301
IRS990ScheduleD/TotalLiabilityAmt0250378
IRS990ScheduleD/TotalRevenuePerForm990Amt06054967
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06057884
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05684218
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS A STRICT POLICY OF NON-DISCRIMINATION; HOWEVER, AS A CHARTER SCHOOL, IT IS NOT SUBJECT TO THE REQUIREMENTS OF TREASURY REVENUE PROCEDURE 75-50. 1975-2 C.B. 587. RATHER, THE SCHOOL PUBLICIZES ITS POLICIES BY WORD OF MOUTH AND ON THE WEBSITE, THE SCHOOL'S PRIMARY METHODS OF REACHING NEW STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES MONTHLY AID PAYMENTS FROM THE STATE OF ARIZONA BASED ON THE NUMBER OF STUDENTS ENROLLED AND ATTENDING THE SCHOOL. THESE FUNDS ARE USED IN ACCORDANCE WITH THE REQUIREMENTS SET FORTH BY THE STATE OF ARIZONA. IN ADDITION, GOVERNMENT GRANTS ARE ALSO RECEIVED BY THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt012690
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0175861
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,364,808
Liabilities
$504,421
Net assets
$860,387
Revenue
$6,054,967
Expenses
$5,681,301
Net income
$373,666
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$13.2$10.5$2.69$9.86$9.88$0.02
2024Detailed filing. Detailed filing data is available for this year.$13.5$10.8$2.67$10.1$10.1$0.04
2023Detailed filing. Detailed filing data is available for this year.$13.9$11.3$2.60$10.0$9.48$0.54
2022Detailed filing. Detailed filing data is available for this year.$2.63$0.60$2.03$8.97$8.68$0.30
2021Detailed filing. Detailed filing data is available for this year.$2.46$0.66$1.80$8.35$8.01$0.34
2020Detailed filing. Detailed filing data is available for this year.$2.00$0.57$1.43$7.84$7.83$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.02$0.62$1.41$7.46$7.44$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.81$0.44$1.37$6.91$6.92$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.74$0.36$1.38$6.62$6.55$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.78$0.47$1.31$6.61$6.16$0.45
2015Detailed filing. Detailed filing data is available for this year.$1.36$0.50$0.86$6.05$5.68$0.37
2014Detailed filing. Detailed filing data is available for this year.$0.99$0.50$0.49$5.95$5.61$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.53$0.15$5.05$5.14$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.41$0.24$3.86
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.24$0.25$3.41
Peer Organizations

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