Civic Intelligence

Imagine Elementary at Tempe Inc

990 • Fiscal year 2015 • EIN 20-4931151

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 30, 2015

Organization ProfileWWW.IMAGINESCHOOLS.COM
1538 East Southern AvenueTempe, AZ 85282

(480) 355-1640

Siviq Scores

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

Liabilities / Assets

99th percentile

2.62x

Higher debt load relative to assets than 99% of similar nonprofits.

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

Liabilities / Revenue

81st percentile

0.73x

Higher debt load relative to revenue than 81% of similar nonprofits.

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

Net Margin

54th percentile

3.8%

Higher net margin than 54% 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

97th percentile

176%

Faster asset growth than 97% of similar nonprofits.

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

Revenue Growth

66th percentile

11%

Faster revenue growth than 66% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$985,972

Up $628,162 (+176%) from 2014

Net Assets

Up

-$1,595,924

Up $133,246 (+7.7%) from 2014

Liabilities

Up

$2,581,896

Up $494,916 (+24%) from 2014

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin54th percentile

Revenue

Up

$3,517,640

Up $360,337 (+11%) from 2014

Expenses

Up

$3,384,394

Up $268,558 (+8.6%) from 2014

Net Income

Up

$133,246

Up $91,779 (+221%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $433,284Liabilities 2010: $908,374Net Assets 2010: -$475,0902010Assets 2011: $551,692Liabilities 2011: $927,868Net Assets 2011: -$376,1762011Assets 2012: $621,021Liabilities 2012: $1,482,193Net Assets 2012: -$861,1722012Assets 2013: $357,699Liabilities 2013: $2,170,476Net Assets 2013: -$1,812,7772013Assets 2014: $357,810Liabilities 2014: $2,086,980Net Assets 2014: -$1,729,1702014Assets 2015: $985,972Liabilities 2015: $2,581,896Net Assets 2015: -$1,595,9242015Assets 2016: $343,441Liabilities 2016: $1,462,101Net Assets 2016: -$1,118,6602016Assets 2017: $244,781Liabilities 2017: $2,288,221Net Assets 2017: -$2,043,4402017Assets 2018: $515,783Liabilities 2018: $3,704,682Net Assets 2018: -$3,188,8992018

Highlighted filing

2015

Assets$985,972
Liabilities$2,581,896
Net Assets-$1,595,924
Open 2015 Filing

Operations Trend

Revenue Growth66th percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $3,126,9752010Expenses 2011: $3,404,2562011Expenses 2012: $3,245,3182012Expenses 2013: $3,153,9852013Revenue 2014: $3,157,303Expenses 2014: $3,115,836Net Income 2014: $41,4672014Revenue 2015: $3,517,640Expenses 2015: $3,384,394Net Income 2015: $133,2462015Revenue 2016: $3,468,133Expenses 2016: $3,430,549Net Income 2016: $37,5842016Revenue 2017: $2,325,954Expenses 2017: $3,250,734Net Income 2017: -$924,7802017Revenue 2018: $2,184,836Expenses 2018: $3,330,295Net Income 2018: -$1,145,4592018

Highlighted filing

2015

Revenue$3,517,640
Expenses$3,384,394
Net Income$133,246
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 30, 2015
Return Version
2014v6.0
Gross Receipts
$3,517,640
Mission and Program Overview

Mission

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

Provide a systematic standards based curriculum, warm caring climate built on trust and communication, family involvement and community support. Use of current technology, quality assessments and ongoing staff development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$31,817$628,129▲ $596,312
Cash and Non-Interest-Bearing Accounts$219,792$262,066▲ $42,274
Land, Buildings, and Equipment, Net$71,178$49,763▼ $21,415
Prepaid Expenses and Deferred Charges$24,952$46,014▲ $21,062
Accounts Receivable$10,071--
Total Assets$357,810$985,972▲ $628,162
Liabilities
Other Liabilities$1,932,587$2,373,374▲ $440,787
Accounts Payable and Accrued Expenses$154,393$201,934▲ $47,541
Deferred Revenue-$6,588-
Total Liabilities$2,086,980$2,581,896▲ $494,916
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,066$10,699▲ $8,633
Unrestricted Net Assets$-1,731,236$-1,606,623▲ $124,613
Total Net Assets Fund Balance$-1,729,170$-1,595,924▲ $133,246
Total Liabilities and Net Assets / Fund Balance$357,810$985,972▲ $628,162

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$44,397$85,997$130,394
Leasehold Improvements$5,366$2,121$7,487
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Dr Leonora KetyerChair
Megan ZimmermanBoard Member
Herman OrcuttSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Imagine Schools INCManagement Fee1005 N GLEBE RD STE 610, Arlington, VA 22201$205,281
Revenue and Support

Revenue Composition

Contributions and Grants
$3,401,855
Program Service Revenue
$115,785
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,125,621
Change in Net Assets
$133,246

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,517,640
Total Revenue per Audited Statements
$3,517,640
Total Revenue per Form 990
$3,517,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,384,394
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-$731,715-$731,715
Fees for Services Management-$205,281-$205,281
Fees for Services Other$67,001$87,283-$154,284
Office Expenses$40,643$82,046-$122,689
All Other Expenses$55,546$12,608-$68,154
Other Expenses$31,318$26,294-$57,612
Advertising-$36,244-$36,244
Insurance$6,969$27,728-$34,697
Interest-$21,417-$21,417
Depreciation Depletion-$21,415-$21,415
Information Technology$6,592$10,154-$16,746
Travel$285$13,032-$13,317
Fees for Services Accounting-$12,400-$12,400
Fees for Services Legal-$4,706-$4,706
Total Functional Expenses$1,753,874$1,630,520$0$3,384,394

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,384,394
Total Expenses per Audited Statements$3,384,394
Total Expenses per Form 990$3,384,394
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 Schoolhouse Finance$2,123,668
Notes Payable Imagine--su Devel Note$205,367
Due to Other Schools$24,772
Notes Payable Imagine - Bus$19,567
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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. Provided comprehensive management services including staffing.”

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

“A copy of 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

“All governing documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Imagine Elementary at Tempe Inc
EIN
20-4931151
Phone
4803551640
Address
1538 EAST SOUTHERN AVENUE, TEMPE, AZ 85282

Signing Officer

Name
Dr Leonora Ketyer
Title
Chair
Phone
4803551640
Signed
2015-11-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Leonora Ketyer
Formed
2005
Legal Domicile
Az
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
4

Preparer

Firm
Berman Hopkins Wright Laham Cpas & Assoc
Address
8035 SPYGLASS HILL RD, MELBOURNE, FL 32940
Preparer
Ross Whitley
Phone
3217572020
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The school qualifies as a tax-exempt organization under section 501(c)(3) of the internal revenue code. Accordingly, there is no provision for income taxes in the accompanying financial statements. In addition, the school qualifies for the charitable contribution deduction under section 170 of the code and has been classified as an organization that is not a private foundation under section 509(a)(2). Income determined to be unrelated business taxable income would be taxable. The school believes that it has appropriate support for any tax positions taken and as such, does not have any uncertain tax positions that are material to the financial statements. The schools return of organization exempt from income tax returns for the years ending june 30, 2011 and after are subject to examination by the major tax jurisdictions.”

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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/OtherLiabilitiesOrgGrp/Desc0DUE TO SCHOOLHOUSE FINANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTES PAYABLE IMAGINE--SU DEVEL NOTE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO OTHER SCHOOLS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3NOTES PAYABLE IMAGINE - BUS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THERE IS NO PROVISION FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ADDITION, THE SCHOOL QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170 OF THE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). INCOME DETERMINED TO BE UNRELATED BUSINESS TAXABLE INCOME WOULD BE TAXABLE. THE SCHOOL BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE SCHOOLS RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX RETURNS FOR THE YEARS ENDING JUNE 30, 2011 AND AFTER ARE SUBJECT TO EXAMINATION BY THE MAJOR TAX JURISDICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IMAGINE SCHOOLS, INC. PROVIDED COMPREHENSIVE MANAGEMENT SERVICES INCLUDING STAFFING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 IS EMAILED TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY CONFLICTS ARE DISCUSSED AND DISCLOSED AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01538 EAST SOUTHERN AVENUE
IRS990/USAddress/CityNm0TEMPE
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IRS990/WebsiteAddressTxt0WWW.IMAGINESCHOOLS.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR LEONORA KETYER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum04803551640
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IMAGINE ELEMENTARY AT TEMPE INC
ReturnHeader/Filer/BusinessNameControlTxt0IMAG
ReturnHeader/Filer/EIN0204931151
ReturnHeader/Filer/PhoneNum04803551640
ReturnHeader/Filer/USAddress/AddressLine1Txt01538 EAST SOUTHERN AVENUE
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085282
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0591152714
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BERMAN HOPKINS WRIGHT LAHAM CPAS & ASSOC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08035 SPYGLASS HILL RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MELBOURNE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032940
ReturnHeader/PreparerPersonGrp/PhoneNum03217572020
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROSS WHITLEY
ReturnHeader/ReturnTs02016-02-17T10:01:35-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$985,972
Liabilities
$2,581,896
Net assets
-$1,595,924
Revenue
$3,517,640
Expenses
$3,384,394
Net income
$133,246
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.52$3.70$3.19$2.18$3.33$1.15
2017Detailed filing. Detailed filing data is available for this year.$0.24$2.29$2.04$2.33$3.25$0.92
2016Detailed filing. Detailed filing data is available for this year.$0.34$1.46$1.12$3.47$3.43$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.99$2.58$1.60$3.52$3.38$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.36$2.09$1.73$3.16$3.12$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$2.17$1.81$3.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$1.48$0.86$3.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.93$0.38$3.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.91$0.48$3.13