Civic Intelligence

Teleos Preparatory Academy

990 • Fiscal year 2011 • EIN 26-2700807

Jul 01, 2010 to Jun 30, 2011 • Filed on May 14, 2012

1401 E Jefferson85034
Siviq Scores

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

Liabilities / Assets

93rd percentile

1.15x

Higher debt load relative to assets than 93% of similar nonprofits.

2011 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$367,086

No earlier filing loaded for comparison.

Net Assets

-$54,814

No earlier filing loaded for comparison.

Liabilities

$421,900

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$2,378,271

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $367,086Liabilities 2011: $421,900Net Assets 2011: -$54,8142011Assets 2012: $451,486Liabilities 2012: $835,971Net Assets 2012: -$384,4852012Assets 2013: $435,840Liabilities 2013: $1,129,283Net Assets 2013: -$693,4432013Assets 2014: $360,164Liabilities 2014: $879,042Net Assets 2014: -$518,8782014Assets 2015: $179,501Liabilities 2015: $867,738Net Assets 2015: -$688,2372015Assets 2016: $274,397Liabilities 2016: $954,218Net Assets 2016: -$679,8212016Assets 2017: $256,326Liabilities 2017: $922,343Net Assets 2017: -$666,0172017Assets 2018: $238,451Liabilities 2018: $1,782,463Net Assets 2018: -$1,544,0122018Assets 2019: $0Liabilities 2019: $38,351Net Assets 2019: -$38,3512019

Highlighted filing

2011

Assets$367,086
Liabilities$421,900
Net Assets-$54,814

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $2,378,2712011Expenses 2012: $2,461,8652012Expenses 2013: $2,290,2972013Revenue 2014: $1,870,613Expenses 2014: $1,696,048Net Income 2014: $174,5652014Revenue 2015: $1,787,720Expenses 2015: $1,957,079Net Income 2015: -$169,3592015Revenue 2016: $2,139,936Expenses 2016: $2,131,520Net Income 2016: $8,4162016Revenue 2017: $2,093,021Expenses 2017: $2,079,217Net Income 2017: $13,8042017Revenue 2018: $1,855,621Expenses 2018: $2,733,616Net Income 2018: -$877,9952018Revenue 2019: $1,927,957Expenses 2019: $422,296Net Income 2019: $1,505,6612019

Highlighted filing

2011

Revenue-
Expenses$2,378,271
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
May 14, 2012
Return Version
2010v3.7
Gross Receipts
$2,357,354
Mission and Program Overview

Mission

A teleos 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.

Filing and Contact Details

Filer

EIN
26-2700807
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0THE 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
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IRS990ScheduleO/GeneralExplanation/Explanation0TO ENABLE STUDENTS IN GRADES SIX THROUGH TWELVE TO ACQUIRE CRITICAL REASONING AND COMMUNICATION SKILLS AND TO EXPLORE THE CULTURAL AND SCIENTIFIC ACHIEVEMENTS THAT ARE AT THE HEART OF THE LIBERAL ARTS. IN ADDTION, PROVIDING AN ENVIRONMENT THAT ALLOWS EVERY STUDENT WHO IS CURIOUS AND DILIGENT THE OPPORTUNITY TO ACHIEVE ACADEMICALLY.
IRS990ScheduleO/GeneralExplanation/Explanation1LINE 2A: ALL PAYROLL, PAYROLL TAXES AND BENEFIT PLANS ARE CENTRALIZED THROUGH THE PARENT ORGANIZAITON, GREAT HEARTS ACADEMIES (EIN 20-2036133). THEREFORE, GREAT HEARTS ACADEMIES FILE PAYROLL TAX RETURNS UNDER THEIR EMPLOYER TAX IDENTIFICATION NUMBER REPORTING ALL PAYROLL ACTIVITY.
IRS990ScheduleO/GeneralExplanation/Explanation2THE 990 IS PREPARED BY AN EXTERNAL CPA FIRM AND REVIEWED INTERNALLY BY THE CFO. AFTER COMPLETING THE CFO REVIEW, THE RETURN IS FINALIZED AND THEN REVIEWED BY THE GREAT HEARTS AUDIT COMMITTEE PRIOR TO BEING SIGNED BY THE CFO.
IRS990ScheduleO/GeneralExplanation/Explanation3BOARD 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.
IRS990ScheduleO/GeneralExplanation/Explanation4TOP MANAGEMENT'S COMPENSATION IS DETERMINED BASED ON AN ORGANIZATOIN WIDE SALARY RANGE TABLE WHICH FACTORS IN EDUCATION AND EXPERIENCE.
IRS990ScheduleO/GeneralExplanation/Explanation5THE CMO, ALONG WITH BOARD APPROVAL, DETERMINES THE COMPENSATION OF KEY STAFF SUCH AS HEADMASTER AND ASSISTANT HEADMASTER.
IRS990ScheduleO/GeneralExplanation/Explanation6ALL BOARD MEETINGS ARE POSTED IN ADVANCE IN ACCORDANCE WITH ARIZONA OPEN MEETING LAWS. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE BOTH AT THE MEETINGS OR FOLLOWING THE MEETING AND UPON REQUEST.
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IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990 - ORGANIZATION'S MISSION
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