Civic Intelligence

Choice Academies Inc.

990 • Fiscal year 2015 • EIN 20-8809933

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 11, 2015

Organization ProfileWWW.ATACHOICE.ORG

View Organization Page

2323 West Parkside LanePhoenix, AZ 85027

(602) 938-5517

Siviq Scores

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

Liabilities / Assets

89th percentile

0.91x

Higher debt load relative to assets than 89% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

88th percentile

2.05x

Higher debt load relative to revenue than 88% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

53rd percentile

3.6%

Higher net margin than 53% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

26th percentile

$109,819

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

43rd percentile

-0.2%

Faster asset growth than 43% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

68th percentile

11%

Faster revenue growth than 68% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$16,756,738

Down $28,044 (-0.2%) from 2014

Net Assets

Up

$1,531,961

Up $267,019 (+21%) from 2014

Liabilities

Down

$15,224,777

Down $295,063 (-1.9%) from 2014

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin53rd percentile

Revenue

Up

$7,417,167

Up $712,681 (+11%) from 2014

Expenses

Up

$7,150,148

Up $821,453 (+13%) from 2014

Net Income

Down

$267,019

Down $108,772 (-29%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $310,546Liabilities 2010: $87,566Net Assets 2010: $222,9802010Assets 2011: $735,582Liabilities 2011: $250,801Net Assets 2011: $484,7812011Assets 2012: $1,309,796Liabilities 2012: $477,550Net Assets 2012: $832,2462012Assets 2013: $16,979,149Liabilities 2013: $16,089,998Net Assets 2013: $889,1512013Assets 2014: $16,784,782Liabilities 2014: $15,519,840Net Assets 2014: $1,264,9422014Assets 2015: $16,756,738Liabilities 2015: $15,224,777Net Assets 2015: $1,531,9612015Assets 2016: $16,672,848Liabilities 2016: $15,039,625Net Assets 2016: $1,633,2232016Assets 2017: $16,534,029Liabilities 2017: $14,758,077Net Assets 2017: $1,775,9522017Assets 2018: $17,021,581Liabilities 2018: $15,717,485Net Assets 2018: $1,304,0962018Assets 2019: $16,908,744Liabilities 2019: $16,002,720Net Assets 2019: $906,0242019Assets 2020: $16,892,839Liabilities 2020: $15,306,496Net Assets 2020: $1,586,3432020Assets 2021: $16,418,209Liabilities 2021: $14,902,060Net Assets 2021: $1,516,1492021Assets 2022: $16,051,131Liabilities 2022: $14,172,741Net Assets 2022: $1,878,3902022Assets 2023: $16,988,678Liabilities 2023: $14,418,591Net Assets 2023: $2,570,0872023Assets 2024: $17,452,461Liabilities 2024: $14,127,900Net Assets 2024: $3,324,5612024Assets 2025: $17,441,670Liabilities 2025: $13,903,446Net Assets 2025: $3,538,2242025

Highlighted filing

2015

Assets$16,756,738
Liabilities$15,224,777
Net Assets$1,531,961
Open 2015 Filing

Operations Trend

Revenue Growth68th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $1,632,0972010Expenses 2011: $2,430,7012011Expenses 2012: $3,185,7642012Expenses 2013: $4,719,8412013Revenue 2014: $6,704,486Expenses 2014: $6,328,695Net Income 2014: $375,7912014Revenue 2015: $7,417,167Expenses 2015: $7,150,148Net Income 2015: $267,0192015Revenue 2016: $7,895,308Expenses 2016: $7,794,046Net Income 2016: $101,2622016Revenue 2017: $8,534,659Expenses 2017: $8,391,930Net Income 2017: $142,7292017Revenue 2018: $7,810,720Expenses 2018: $8,282,576Net Income 2018: -$471,8562018Revenue 2019: $7,432,390Expenses 2019: $7,964,625Net Income 2019: -$532,2352019Revenue 2020: $7,150,966Expenses 2020: $6,470,647Net Income 2020: $680,3192020Revenue 2021: $5,821,300Expenses 2021: $5,891,494Net Income 2021: -$70,1942021Revenue 2022: $7,018,767Expenses 2022: $6,656,526Net Income 2022: $362,2412022Revenue 2023: $8,153,698Expenses 2023: $7,462,001Net Income 2023: $691,6972023Revenue 2024: $7,658,712Expenses 2024: $6,904,238Net Income 2024: $754,4742024Revenue 2025: $7,083,124Expenses 2025: $6,869,461Net Income 2025: $213,6632025

Highlighted filing

2015

Revenue$7,417,167
Expenses$7,150,148
Net Income$267,019
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 11, 2015
Return Version
2014v6.0
Gross Receipts
$7,417,167
Mission and Program Overview

Mission

Choice academies is comitted to providing a traditional back-to-basics education within a framework of high standards and high expectations in a safe environment. Its purpose is to provide students with a strong foundation of knowledge, to teach critical thinking and to develop good citizenship and leadership skills.

Choice academies is comitted to providing a traditional, back-to-basics education within a framework of high standards and high expectations in a safe environment. Its purpose is to provide students with a strong foundation of knowledge, to teach critical thinking and to develop good citizenship and leadership skills.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,895,975$13,804,554▼ $91,421
Savings and Temporary Cash Investments$1,474,577$1,793,749▲ $319,172
Cash and Non-Interest-Bearing Accounts$176,784$443,413▲ $266,629
Prepaid Expenses and Deferred Charges$244,284$270,179▲ $25,895
Accounts Receivable$22,456$60,806▲ $38,350
Total Assets$16,784,782$16,756,738▼ $28,044
Other Assets Total$970,706$384,037▼ $586,669
Liabilities
Mortgage Notes Payable Secured by Investment Property$14,904,927$14,352,320▼ $552,607
Accounts Payable and Accrued Expenses$454,372$529,160▲ $74,788
Other Liabilities$29,995$201,600▲ $171,605
Deferred Revenue$130,546$141,697▲ $11,151
Total Liabilities$15,519,840$15,224,777▼ $295,063
Net Assets / Fund Balance
Unrestricted Net Assets$1,210,618$1,505,678▲ $295,060
Temporarily Rstr Net Assets$54,324$26,283▼ $28,041
Total Net Assets Fund Balance$1,264,942$1,531,961▲ $267,019
Total Liabilities and Net Assets / Fund Balance$16,784,782$16,756,738▼ $28,044

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,582,729$722,944$11,305,673
Land$2,144,854-$2,144,854
Equipment$678,012$409,498$1,087,510
Other Land Buildings$344,428$62,460$406,888
Leasehold Improvements$54,531$6,336$60,867
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sharon MaloneDirector/principalFT$98,348$11,471$109,819
Karla JohnstonbaughBusiness AdministratorFT$51,228$9,091$60,319
Tawnya MechamMember/teacherFT$44,591$2,570$47,161

Board Members and Trustees

NameTitle
Lisa FinkPresident
Jodi VerlegerMember
Marcus KelleyMember
Ray MalnarMember
Sarah ShumwaySecretary
Sundhar SubramanianTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$130,125
Program Service Revenue
$6,522,713
Investment Income
$2,584
Other Revenue
$761,745
All Other Contributions
$130,125
Change in Net Assets
$267,019

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,417,167
Revenue Not Reported on Form 990
$28,041
Total Revenue per Audited Statements
$7,445,208
Total Revenue per Form 990
$7,417,167
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,878,920
Other Expenses$3,271,228
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,640,706$439,105$0$3,079,811
Occupancy$1,700,009$191,585$0$1,891,594
Depreciation Depletion$391,956$34,084$0$426,040
Office Expenses$227,575$147,671$0$375,246
Other Employee Benefits$251,245$36,206$0$287,451
Current Officers, Directors, Trustees, and Key Employees$3,153$233,092$0$236,245
Payroll Taxes$158,918$41,714$0$200,632
Fees for Services Other$140,253$39,299$0$179,552
Pension Plan Contributions$67,143$7,638$0$74,781
Other Expenses$65,415$0$0$65,415
Information Technology$47,564$7,133$0$54,697
Advertising$0$36,051$0$36,051
Travel$24,986$1,865$0$26,851
Fees for Services Accounting$0$18,100$0$18,100
Insurance$0$3,458$0$3,458
Fees for Services Legal$0$217$0$217
Total Functional Expenses$5,901,969$1,248,179$0$7,150,148

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,150,148
Total Expenses per Audited Statements$7,150,148
Total Expenses per Form 990$7,150,148
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
Capital Leases Payable$201,600

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIda of City of Phoenix Arizona2012-10-11$13,970,195SCHOOL FACILITIES
BIda of City of Phoenix Arizona2012-10-11$2,105,000SCHOOL FACILITIES

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$13,970,195--$551,800
B$2,105,000--$42,100

Bond Financing Compliance

Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
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
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Choice Academies Inc
EIN
20-8809933
Phone
6029385517
Address
2323 WEST PARKSIDE LANE, PHOENIX, AZ 85027

Signing Officer

Name
Lisa Fink
Title
President
Phone
6029385517
Signed
2015-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Fink
Formed
2009
Legal Domicile
Az
Voting Board Members
4
Independent Board Members
4
Employees
178
Volunteers
85

Preparer

Firm
John C Todd II PC
Address
21630 North 19th Avenue Suite B-5, Phoenix, AZ 85027
Preparer
John C Todd Ii
Phone
6235818117
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The return was prepared by an external accounting firm and reviewed by the board prior to filing.”

Pt VI, Line 12C

“The organization has all board members sign a conflict of interest policy asknowledgement form on an annual basis. Additionally, the board is provided a check register on a monthly basis for review and are asked to disclose any relationship with any of the oranizations the school has paid.”

Pt VI, Line 19

“AVAILABLE UPON REQUEST.”

Financial Statement Notes

Pt XI, Line 2D

“Decrease in temporarily restricted net assets”

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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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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0287451
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IRS990/OtherExpensesGrp/Desc1DUES AND FEES
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt041714
IRS990/PayrollTaxesGrp/ProgramServicesAmt0158918
IRS990/PayrollTaxesGrp/TotalAmt0200632
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07638
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt067143
IRS990/PensionPlanContributionsGrp/TotalAmt074781
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0244284
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0270179
IRS990/PrincipalOfficerNm0LISA FINK
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IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05402106
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1132264
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2988343
IRS990/ProgSrvcAccomActy2Grp/Desc0PRESCHOOL CURRICULUM THAT IS DESIGNED TO EXTEND A CHILD'S UNDERSTANDING AND ACCLIMATION TO THE WORLD AROUND THEM, THE CLASSROOM OFFERS CHILDREN THE CHANCE TO OBTAIN THIS UNDERSTANDING AND ADJUSTMENT. CHILDREN WILL BE CHALLENGED TO ACHIEVE THE HIGHEST STANDARDS IN THEIR STUDIES, IN THEIR PLAY AND IN THEIR CHARACTER.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0641143
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0988343
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0125974
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03740
IRS990/PYOtherExpensesAmt02880592
IRS990/PYOtherRevenueAmt0602700
IRS990/PYProgramServiceRevenueAmt05972072
IRS990/PYRevenuesLessExpensesAmt0375791
IRS990/PYSalariesCompEmpBnftPaidAmt03448103
IRS990/PYTotalExpensesAmt06328695
IRS990/PYTotalRevenueAmt06704486
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0267019
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt06428824
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IRS990ScheduleA/PublicSupportTotal509Amt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt010582729
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0722944
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011305673
IRS990ScheduleD/EquipmentGrp/BookValueAmt0678012
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0409498
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01087510
IRS990ScheduleD/ExpensesSubtotalAmt07150148
IRS990ScheduleD/LandGrp/BookValueAmt02144854
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02144854
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt054531
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06336
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt060867
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASES PAYABLE
IRS990ScheduleD/OtherRevenueAmt028041
IRS990ScheduleD/RevenueNotReportedAmt028041
IRS990ScheduleD/RevenueSubtotalAmt07417167
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DECREASE IN TEMPORARILY RESTRICTED NET ASSETS
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IRS990ScheduleD/TotalRevenuePerForm990Amt07417167
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07150148
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PUBLISHED ANNUALLY IN HANDBOOK PUBLISHED ANNUALLY IN HANDBOOK
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES FINANCIAL SUPPORT AND GRANTS FROM THE UNITED STATES DEPARTMENT OF EDUCATION AND THE ARIZONA DEPARTMENT OF EDUCATION.
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Document Assets

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Filings

Displayed year

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

Open filing
Assets
$16,756,738
Liabilities
$15,224,777
Net assets
$1,531,961
Revenue
$7,417,167
Expenses
$7,150,148
Net income
$267,019
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$17.4$13.9$3.54$7.08$6.87$0.21
2024Detailed filing. Detailed filing data is available for this year.$17.5$14.1$3.32$7.66$6.90$0.75
2023Detailed filing. Detailed filing data is available for this year.$17.0$14.4$2.57$8.15$7.46$0.69
2022Detailed filing. Detailed filing data is available for this year.$16.1$14.2$1.88$7.02$6.66$0.36
2021Detailed filing. Detailed filing data is available for this year.$16.4$14.9$1.52$5.82$5.89$0.07
2020Detailed filing. Detailed filing data is available for this year.$16.9$15.3$1.59$7.15$6.47$0.68
2019Detailed filing. Detailed filing data is available for this year.$16.9$16.0$0.91$7.43$7.96$0.53
2018Detailed filing. Detailed filing data is available for this year.$17.0$15.7$1.30$7.81$8.28$0.47
2017Detailed filing. Detailed filing data is available for this year.$16.5$14.8$1.78$8.53$8.39$0.14
2016Detailed filing. Detailed filing data is available for this year.$16.7$15.0$1.63$7.90$7.79$0.10
2015Detailed filing. Detailed filing data is available for this year.$16.8$15.2$1.53$7.42$7.15$0.27
2014Detailed filing. Detailed filing data is available for this year.$16.8$15.5$1.26$6.70$6.33$0.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.0$16.1$0.89$4.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.48$0.83$3.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.25$0.48$2.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.09$0.22$1.63