Civic Intelligence

Arete Preparatory Academy

990 • Fiscal year 2015 • EIN 20-5332933

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

Organization ProfileWWW.ARETEPREPACADEMY.ORG
4525 E Baseline RdGilbert, AZ 85234

(480) 899-9181

Siviq Scores

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

Liabilities / Assets

69th percentile

0.31x

Higher debt load relative to assets than 69% of similar nonprofits.

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

Liabilities / Revenue

47th percentile

0.09x

Higher debt load relative to revenue than 47% of similar nonprofits.

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

Net Margin

47th percentile

1.8%

Higher net margin than 47% of similar nonprofits.

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

Top Officer Pay

88th percentile

$188,551

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

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

Asset Growth

70th percentile

7.8%

Faster asset growth than 70% of similar nonprofits.

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

Revenue Growth

73rd percentile

17%

Faster revenue growth than 73% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$1,232,378

Up $89,509 (+7.8%) from 2014

Net Assets

Up

$845,338

Up $75,793 (+9.8%) from 2014

Liabilities

Up

$387,040

Up $13,716 (+3.7%) from 2014

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin47th percentile

Revenue

Up

$4,143,612

Up $593,183 (+17%) from 2014

Expenses

Up

$4,067,819

Up $691,629 (+20%) from 2014

Net Income

Down

$75,793

Down $98,446 (-57%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$15M$10M$5.0M$0Assets 2011: $579,792Liabilities 2011: $312,207Net Assets 2011: $267,5852011Assets 2012: $647,881Liabilities 2012: $295,524Net Assets 2012: $352,3572012Assets 2013: $903,954Liabilities 2013: $308,648Net Assets 2013: $595,3062013Assets 2014: $1,142,869Liabilities 2014: $373,324Net Assets 2014: $769,5452014Assets 2015: $1,232,378Liabilities 2015: $387,040Net Assets 2015: $845,3382015Assets 2016: $1,501,036Liabilities 2016: $435,367Net Assets 2016: $1,065,6692016Assets 2017: $1,493,064Liabilities 2017: $309,235Net Assets 2017: $1,183,8292017Assets 2018: $1,590,088Liabilities 2018: $390,235Net Assets 2018: $1,199,8532018Assets 2019: $1,495,146Liabilities 2019: $211,421Net Assets 2019: $1,283,7252019Assets 2020: $1,542,687Liabilities 2020: $234,001Net Assets 2020: $1,308,6862020Assets 2021: $1,857,589Liabilities 2021: $469,757Net Assets 2021: $1,387,8322021Assets 2022: $1,776,122Liabilities 2022: $315,167Net Assets 2022: $1,460,9552022Assets 2023: $10,317,735Liabilities 2023: $8,534,669Net Assets 2023: $1,783,0662023

Highlighted filing

2015

Assets$1,232,378
Liabilities$387,040
Net Assets$845,338
Open 2015 Filing

Operations Trend

Revenue Growth73rd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2011: $2,457,2872011Expenses 2012: $2,795,8682012Expenses 2013: $2,949,6862013Revenue 2014: $3,550,429Expenses 2014: $3,376,190Net Income 2014: $174,2392014Revenue 2015: $4,143,612Expenses 2015: $4,067,819Net Income 2015: $75,7932015Revenue 2016: $4,670,840Expenses 2016: $4,450,509Net Income 2016: $220,3312016Revenue 2017: $4,706,975Expenses 2017: $4,599,134Net Income 2017: $107,8412017Revenue 2018: $5,125,893Expenses 2018: $5,110,635Net Income 2018: $15,2582018Revenue 2019: $5,144,920Expenses 2019: $5,084,918Net Income 2019: $60,0022019Revenue 2020: $5,073,950Expenses 2020: $5,070,823Net Income 2020: $3,1272020Revenue 2021: $5,480,856Expenses 2021: $5,443,494Net Income 2021: $37,3622021Revenue 2022: $5,873,907Expenses 2022: $5,707,325Net Income 2022: $166,5822022Revenue 2023: $6,772,885Expenses 2023: $6,491,735Net Income 2023: $281,1502023

Highlighted filing

2015

Revenue$4,143,612
Expenses$4,067,819
Net Income$75,793
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
$4,143,798
Mission and Program Overview

Mission

An arete 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 mesa (arete) 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$806,025$1,073,609▲ $267,584
Prepaid Expenses and Deferred Charges$44,116$55,145▲ $11,029
Land, Buildings, and Equipment, Net$10,829$39,321▲ $28,492
Accounts Receivable$7,023$29,198▲ $22,175
Total Assets$1,142,869$1,232,378▲ $89,509
Other Assets Total$274,876$35,105▼ $239,771
Liabilities
Accounts Payable and Accrued Expenses$200,147$203,327▲ $3,180
Other Liabilities$126,106$165,519▲ $39,413
Deferred Revenue$47,071$18,194▼ $28,877
Total Liabilities$373,324$387,040▲ $13,716
Net Assets / Fund Balance
Unrestricted Net Assets$769,545$845,338▲ $75,793
Total Net Assets Fund Balance$769,545$845,338▲ $75,793
Total Liabilities and Net Assets / Fund Balance$1,142,869$1,232,378▲ $89,509

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,970$34,235$56,205
Buildings$9,996$804$10,800
Leasehold Improvements$7,355$1,193$8,548
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Kiann MapesPresident-$137,998$137,998
Helen HayesSecretary-$125,301$125,301
Marilyn PapkeDirector-$114,488$114,488
Robert WagnerHeadmasterFT$113,017$113,017
Jack KerstingDirector-$81,000$81,000
Diane BishopDirector-$78,210$78,210

Board Members and Trustees

NameTitle
Karen TibbittsVice President
Lois YatesDirector
Ward HusethCFO

Highest Paid Contractors

ContractorServicesLocationCompensation
Great Hearts AcademiesManagement Services3102 N 56TH ST STE 300, Phoenix, AZ 85018$297,321
Revenue and Support

Revenue Composition

Contributions and Grants
$366,911
Program Service Revenue
$3,774,324
Investment Income
$0
Other Revenue
$2,377
All Other Contributions
$329,584
Change in Net Assets
$75,793

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,143,612
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$186
Total Revenue per Audited Statements
$4,143,798
Total Revenue per Form 990
$4,143,612
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,289,359
Other Expenses$1,778,460
Total Fundraising Expense$21,419
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,513,806$317,096$17,873$1,848,775
Occupancy$702,179$189,365-$891,544
Fees for Services Management-$297,321-$297,321
Other Employee Benefits$232,765$42,734-$275,499
Payroll Taxes$118,649$26,548-$145,197
Office Expenses$58,048$41,123-$99,171
Fees for Services Other$17,735$37,100-$54,835
All Other Expenses-$26,496-$26,496
Pension Plan Contributions$16,585$3,303-$19,888
Other Expenses$17,195$1,153$3,546$18,348
Information Technology$5,094$11,872-$16,966
Conferences and Meetings$9,983$5,607-$15,590
Insurance$10,371$2,172-$12,543
Fees for Services Accounting$8,764$1,836-$10,600
Depreciation Depletion$8,596$1,801-$10,397
Fees for Services Legal-$5,447-$5,447
Travel-$956-$956
Advertising-$350-$350
Total Functional Expenses$3,031,430$1,014,970$21,419$4,067,819

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,068,005
Expenses per Audited Statements$4,067,819
Total Expenses per Form 990$4,067,819
Expenses Not Reported on Form 990$186
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$131,422
Due to Related Parties$34,097
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 robert wagner, diane bishop, jack kersting, marilyn papke, helen hayes and kiann mapes 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
Arete Preparatory Academy
EIN
20-5332933
Phone
4808999181
Address
4525 E BASELINE RD, GILBERT, AZ 85234

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
2006
Legal Domicile
Az
Voting Board Members
7
Independent Board Members
2
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 186.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“COST OF GOODS SOLD 186.”

Raw XML AppendixShowing 400 of 786 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/InsuranceGrp/ManagementAndGeneralAmt02172
IRS990/InsuranceGrp/ProgramServicesAmt010371
IRS990/InsuranceGrp/TotalAmt012543
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt036232
IRS990/LandBldgEquipBasisNetGrp/BOYAmt010829
IRS990/LandBldgEquipBasisNetGrp/EOYAmt039321
IRS990/LandBldgEquipCostOrOtherBssAmt075553
IRS990/LegalDomicileStateCd0AZ
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF MESA (ARETE) PREPARATORY ACADEMY ("ACADEMY") IS TO EDUCATE STUDENTS FOR THE LIFELONG PURSUIT OF TRUTH, GOODNESS, AND BEAUTY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0769545
IRS990/NetAssetsOrFundBalancesEOYAmt0845338
IRS990/NetIncomeOrLossGrp/ExclusionAmt02377
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt02377
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0189365
IRS990/OccupancyGrp/ProgramServicesAmt0702179
IRS990/OccupancyGrp/TotalAmt0891544
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt041123
IRS990/OfficeExpensesGrp/ProgramServicesAmt058048
IRS990/OfficeExpensesGrp/TotalAmt099171
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0274876
IRS990/OtherAssetsTotalGrp/EOYAmt035105
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt042734
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0232765
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0275499
IRS990/OtherExpensesGrp/Desc0CO-CURRICULAR ACTIVITIE
IRS990/OtherExpensesGrp/Desc1SCHOOL LUNCH PROGRAM EX
IRS990/OtherExpensesGrp/Desc2FIELD TRIP EXPENSE
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/FundraisingAmt03546
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02690
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11153
IRS990/OtherExpensesGrp/ProgramServicesAmt0125681
IRS990/OtherExpensesGrp/ProgramServicesAmt1112099
IRS990/OtherExpensesGrp/ProgramServicesAmt273880
IRS990/OtherExpensesGrp/ProgramServicesAmt317195
IRS990/OtherExpensesGrp/TotalAmt0125681
IRS990/OtherExpensesGrp/TotalAmt1112099
IRS990/OtherExpensesGrp/TotalAmt280116
IRS990/OtherExpensesGrp/TotalAmt318348
IRS990/OtherLiabilitiesGrp/BOYAmt0126106
IRS990/OtherLiabilitiesGrp/EOYAmt0165519
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt017873
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0317096
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01513806
IRS990/OtherSalariesAndWagesGrp/TotalAmt01848775
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026548
IRS990/PayrollTaxesGrp/ProgramServicesAmt0118649
IRS990/PayrollTaxesGrp/TotalAmt0145197
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03303
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt016585
IRS990/PensionPlanContributionsGrp/TotalAmt019888
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt044116
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt055145
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/RelatedOrExemptFuncIncomeAmt03292562
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1205336
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2152266
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3124160
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03292562
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1205336
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2152266
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3124160
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0319604
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01338299
IRS990/PYOtherRevenueAmt0183076
IRS990/PYProgramServiceRevenueAmt03047749
IRS990/PYRevenuesLessExpensesAmt0174239
IRS990/PYSalariesCompEmpBnftPaidAmt02037891
IRS990/PYTotalExpensesAmt03376190
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03550429
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt075793
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03774324
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/BookValueAmt09996
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0804
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010800
IRS990ScheduleD/EquipmentGrp/BookValueAmt021970
IRS990ScheduleD/EquipmentGrp/DepreciationAmt034235
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt056205
IRS990ScheduleD/ExpensesNotReportedAmt0186
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04067819
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07355
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01193
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08548
IRS990ScheduleD/OtherExpensesIncludedAmt0186
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0131422
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt134097
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS HELD FOR OTHERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED PARTIES
IRS990ScheduleD/OtherRevenueAmt0186
IRS990ScheduleD/RevenueNotReportedAmt0186
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04143612
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COST OF GOODS SOLD 186.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 186.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt039321
IRS990ScheduleD/TotalExpensesPerForm990Amt04067819
IRS990ScheduleD/TotalLiabilityAmt0165519
IRS990ScheduleD/TotalRevenuePerForm990Amt04143612
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04143798
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04068005
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
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WARD HUSETH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0188551

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,232,378
Liabilities
$387,040
Net assets
$845,338
Revenue
$4,143,612
Expenses
$4,067,819
Net income
$75,793
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$10.3$8.53$1.78$6.77$6.49$0.28
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.78$0.32$1.46$5.87$5.71$0.17
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$0.47$1.39$5.48$5.44$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.23$1.31$5.07$5.07$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.50$0.21$1.28$5.14$5.08$0.06
2018Summary only. Only limited summary data is available for this year.$1.59$0.39$1.20$5.13$5.11$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.49$0.31$1.18$4.71$4.60$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.50$0.44$1.07$4.67$4.45$0.22
2015Detailed filing. Detailed filing data is available for this year.$1.23$0.39$0.85$4.14$4.07$0.08
2014Summary only. Only limited summary data is available for this year.$1.14$0.37$0.77$3.55$3.38$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.31$0.60$2.95
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.30$0.35$2.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.31$0.27$2.46