Civic Intelligence

Imagine Charter Elementary at Camelback Inc

990 • Fiscal year 2015 • EIN 20-4931127

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 15, 2016

5050 N 19th AvePhoenix, AZ 85015

(602) 344-4620

Siviq Scores

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

Liabilities / Assets

64th percentile

0.24x

Higher debt load relative to assets than 64% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

46th percentile

0.09x

Higher debt load relative to revenue than 46% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

53rd percentile

3.5%

Higher net margin than 53% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

17th percentile

-7.1%

Faster asset growth than 17% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

26th percentile

-6.9%

Faster revenue growth than 26% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,689,898

Down $128,615 (-7.1%) from 2014

Net Assets

Up

$1,278,076

Up $165,961 (+15%) from 2014

Liabilities

Down

$411,822

Down $294,576 (-42%) from 2014

Revenue

Down

$4,692,506

Down $347,165 (-6.9%) from 2014

Expenses

Up

$4,526,545

Up $32,334 (+0.7%) from 2014

Net Income

Down

$165,961

Down $379,499 (-70%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $554,547Liabilities 2010: $550,303Net Assets 2010: $4,2442010Assets 2011: $941,919Liabilities 2011: $640,449Net Assets 2011: $301,4702011Assets 2012: $1,104,179Liabilities 2012: $833,579Net Assets 2012: $270,6002012Assets 2013: $1,562,595Liabilities 2013: $995,940Net Assets 2013: $566,6552013Assets 2014: $1,818,513Liabilities 2014: $706,398Net Assets 2014: $1,112,1152014Assets 2015: $1,689,898Liabilities 2015: $411,822Net Assets 2015: $1,278,0762015Assets 2016: $1,594,823Liabilities 2016: $379,859Net Assets 2016: $1,214,9642016Assets 2017: $1,302,442Liabilities 2017: $805,524Net Assets 2017: $496,9182017Assets 2018: $1,786,514Liabilities 2018: $1,284,596Net Assets 2018: $501,9182018Assets 2019: $1,562,170Liabilities 2019: $1,235,106Net Assets 2019: $327,0642019Assets 2020: $2,081,621Liabilities 2020: $1,688,102Net Assets 2020: $393,5192020Assets 2021: $2,609,959Liabilities 2021: $2,059,335Net Assets 2021: $550,6242021Assets 2022: $3,125,662Liabilities 2022: $2,214,426Net Assets 2022: $911,2362022Assets 2023: $4,586,461Liabilities 2023: $3,782,939Net Assets 2023: $803,5222023Assets 2024: $3,928,437Liabilities 2024: $3,113,695Net Assets 2024: $814,7422024

Highlighted filing

2015

Assets$1,689,898
Liabilities$411,822
Net Assets$1,278,076

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,800,9872010Expenses 2011: $4,683,8482011Revenue 2012: $4,496,108Expenses 2012: $4,526,978Net Income 2012: -$30,8702012Revenue 2013: $4,933,414Expenses 2013: $4,637,359Net Income 2013: $296,0552013Revenue 2014: $5,039,671Expenses 2014: $4,494,211Net Income 2014: $545,4602014Revenue 2015: $4,692,506Expenses 2015: $4,526,545Net Income 2015: $165,9612015Revenue 2016: $4,128,378Expenses 2016: $4,191,494Net Income 2016: -$63,1162016Revenue 2017: $3,501,398Expenses 2017: $4,219,444Net Income 2017: -$718,0462017Revenue 2018: $3,853,684Expenses 2018: $4,782,163Net Income 2018: -$928,4792018Revenue 2019: $4,732,063Expenses 2019: $4,906,917Net Income 2019: -$174,8542019Revenue 2020: $4,799,156Expenses 2020: $4,732,701Net Income 2020: $66,4552020Revenue 2021: $5,029,427Expenses 2021: $4,872,322Net Income 2021: $157,1052021Revenue 2022: $5,532,409Expenses 2022: $5,171,797Net Income 2022: $360,6122022Revenue 2023: $5,252,354Expenses 2023: $5,360,068Net Income 2023: -$107,7142023Revenue 2024: $4,823,013Expenses 2024: $4,811,793Net Income 2024: $11,2202024

Highlighted filing

2015

Revenue$4,692,506
Expenses$4,526,545
Net Income$165,961
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 15, 2016
Return Version
2014v6.0
Gross Receipts
$4,692,506
Mission and Program Overview

Mission

To operate a not for profit charter school and conduct educational research, evaluation, and development activities.

To operate a charter school with a systematic,standards-based curriculum, a warm, caring climate built on trust and communication, family involvement and community support, use of state of the art technology, quality assessments, and ongoing professional development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,023,719$765,900▼ $257,819
Land, Buildings, and Equipment, Net$563,908$524,482▼ $39,426
Pledges and Grants Receivable$144,575$124,042▼ $20,533
Accounts Receivable$4,400$43,201▲ $38,801
Prepaid Expenses and Deferred Charges$9,859$3,886▼ $5,973
Total Assets$1,818,513$1,689,898▼ $128,615
Other Assets Total$72,052$228,387▲ $156,335
Liabilities
Accounts Payable and Accrued Expenses$306,259$310,401▲ $4,142
Mortgage Notes Payable Secured by Investment Property$115,974$58,489▼ $57,485
Other Liabilities$284,165$42,932▼ $241,233
Total Liabilities$706,398$411,822▼ $294,576
Net Assets / Fund Balance
Unrestricted Net Assets$1,112,115$1,278,076▲ $165,961
Total Net Assets Fund Balance$1,112,115$1,278,076▲ $165,961
Total Liabilities and Net Assets / Fund Balance$1,818,513$1,689,898▼ $128,615

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$451,593$431,631$883,224
Equipment$72,889$52,717$125,606
Other Assets Org$1,279--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Leonora KetyerChair
Megan ZimmermanMember
Herman OrcuttSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Imagine Schools INCMgmt Co Fees1005 E GLEBE RD STE 610, Arlington, VA 22201$404,318
Revenue and Support

Revenue Composition

Contributions and Grants
$49,719
Program Service Revenue
$4,642,787
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$165,961

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table2$49,719
Total Noncash Contributions2$49,719

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,692,506
Total Revenue per Audited Statements
$4,692,506
Total Revenue per Form 990
$4,692,506
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,526,545
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$795,842$88,427-$884,269
Fees for Services Management-$404,318-$404,318
Depreciation Depletion$164,972$5,462-$170,434
Other Expenses$98,530$1,659-$98,530
All Other Expenses$80,590$12,425-$93,015
Insurance$9,861$48,005-$57,866
Office Expenses-$52,091-$52,091
Fees for Services Accounting-$24,294-$24,294
Fees for Services Other-$9,682-$9,682
Advertising-$9,584-$9,584
Fees for Services Legal-$4,053-$4,053
Interest-$132-$132
Total Functional Expenses$3,487,501$1,039,044$0$4,526,545

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,526,545
Total Expenses per Audited Statements$4,526,545
Total Expenses per Form 990$4,526,545
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
Due to Imagine$42,932
Note Payable -imagine Inc-
Due to Related Party Other Schools-
Capital Lease-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Imagine schools inc provides comprehensive management services including staffing

Form 990, Page 6, Part VI, Line 11B

The 990 is emailed to all board members prior to filing

Form 990, Page 6, Part VI, Line 12C

Any conflicts are discussed and disclosed at board meetings.

Form 990, Page 6, Part VI, Line 19

1) all governing documents are made available upon request at the school office. 2) form 990 is also available on guidestar.org

Filing and Contact Details

Filer

Filer Name
Imagine Charter Elementary at
EIN
20-4931127
Phone
6023444620
Address
5050 N 19TH AVE, PHOENIX, AZ 85015

Signing Officer

Name
Leonora Ketyer
Title
Chair
Phone
6023444620
Signed
2016-01-15

Organization Details

Principal Officer
Dr Leonora Ketyer
Formed
2005
Legal Domicile
Az
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
5

Preparer

Firm
Ball & Mcgraw Pc
Address
351 W HATCHER, PHOENIX, AZ 85021
Preparer
Georgia Mcgraw
Phone
6029423435
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To operate a charter school with a systematic,standards-based curriculum, a warm, caring climate built on trust and communication, family involvement and community support, use of state of the art technology, quality assessments, and ongoing professional development.

Raw XML AppendixShowing 400 of 473 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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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSITS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CAPITAL LEASE
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0228387
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO OPERATE A CHARTER SCHOOL WITH A SYSTEMATIC,STANDARDS-BASED CURRICULUM, A WARM, CARING CLIMATE BUILT ON TRUST AND COMMUNICATION, FAMILY INVOLVEMENT AND COMMUNITY SUPPORT, USE OF STATE OF THE ART TECHNOLOGY, QUALITY ASSESSMENTS, AND ONGOING PROFESSIONAL DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IMAGINE SCHOOLS INC PROVIDES COMPREHENSIVE MANAGEMENT SERVICES INCLUDING STAFFING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS EMAILED TO ALL BOARD MEMBERS PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY CONFLICTS ARE DISCUSSED AND DISCLOSED AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt41) ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST AT THE SCHOOL OFFICE. 2) FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt5BOARD
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1WEST GILBERT CHARTER MIDDLE SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2IMAGINE ELEMENTARY AT TEMPE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3IMAGINE CHARTER ELEMENTARY AT DESER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4IMAGINE DESERT WEST MIDDLE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5IMAGINE CAMELBACK MIDDLE INC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2SCHOOL
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt114919 S GILBERT
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1AZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2AZ
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd4AZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd5AZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd085296
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd485035
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd585051
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
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IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0185216
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0LEASE AGREEMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0IMAGINE CAMELBACK MIDDLE INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd0AZ
IRS990/SubjectToProxyTaxInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.93$3.11$0.81$4.82$4.81$0.01
2023Detailed filing. Detailed filing data is available for this year.$4.59$3.78$0.80$5.25$5.36$0.11
2022Detailed filing. Detailed filing data is available for this year.$3.13$2.21$0.91$5.53$5.17$0.36
2021Detailed filing. Detailed filing data is available for this year.$2.61$2.06$0.55$5.03$4.87$0.16
2020Detailed filing. Detailed filing data is available for this year.$2.08$1.69$0.39$4.80$4.73$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.56$1.24$0.33$4.73$4.91$0.17
2018Detailed filing. Detailed filing data is available for this year.$1.79$1.28$0.50$3.85$4.78$0.93
2017Detailed filing. Detailed filing data is available for this year.$1.30$0.81$0.50$3.50$4.22$0.72
2016Detailed filing. Detailed filing data is available for this year.$1.59$0.38$1.21$4.13$4.19$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.69$0.41$1.28$4.69$4.53$0.17
2014Detailed filing. Detailed filing data is available for this year.$1.82$0.71$1.11$5.04$4.49$0.55
2013Summary only. Only limited summary data is available for this year.$1.56$1.00$0.57$4.93$4.64$0.30
2012Summary only. Only limited summary data is available for this year.$1.10$0.83$0.27$4.50$4.53$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.64$0.30$4.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.55$0.00$3.80