Civic Intelligence

Teleos Preparatory Academy

990 • Fiscal year 2015 • EIN 26-2700807

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

Organization ProfileWWW.TELEOSPREP.ORG
1401 E Jefferson StPhoenix, AZ 85034

(480) 899-9181

Siviq Scores

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

Liabilities / Assets

99th percentile

4.83x

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

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

Liabilities / Revenue

76th percentile

0.49x

Higher debt load relative to revenue than 76% of similar nonprofits.

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

Net Margin

21st percentile

-9.5%

Higher net margin than 21% 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 10.5% of source-year revenue.

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

Asset Growth

1st percentile

-50%

Faster asset growth than 1% of similar nonprofits.

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

Revenue Growth

30th percentile

-4.4%

Faster revenue growth than 30% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$179,501

Down $180,663 (-50%) from 2014

Net Assets

Down

-$688,237

Down $169,359 (-33%) from 2014

Liabilities

Down

$867,738

Down $11,304 (-1.3%) from 2014

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin21st percentile

Revenue

Down

$1,787,720

Down $82,893 (-4.4%) from 2014

Expenses

Up

$1,957,079

Up $261,031 (+15%) from 2014

Net Income

Down

-$169,359

Down $343,924 (-197%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

2015

Assets$179,501
Liabilities$867,738
Net Assets-$688,237
Open 2015 Filing

Operations Trend

Revenue Growth30th percentile

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

2015

Revenue$1,787,720
Expenses$1,957,079
Net Income-$169,359
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
$1,788,648
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.

The mission of teleos 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
Accounts Receivable$7,464$69,839▲ $62,375
Cash and Non-Interest-Bearing Accounts$278,528$65,747▼ $212,781
Pledges and Grants Receivable$16,402--
Prepaid Expenses and Deferred Charges$618$13,904▲ $13,286
Land, Buildings, and Equipment, Net$21,750$10,011▼ $11,739
Total Assets$360,164$179,501▼ $180,663
Other Assets Total$35,402$20,000▼ $15,402
Liabilities
Other Liabilities$736,085$753,841▲ $17,756
Accounts Payable and Accrued Expenses$111,162$113,897▲ $2,735
Deferred Revenue$31,795--
Total Liabilities$879,042$867,738▼ $11,304
Net Assets / Fund Balance
Temporarily Rstr Net Assets$44,211$28,480▼ $15,731
Unrestricted Net Assets$-563,089$-716,717▼ $153,628
Total Net Assets Fund Balance$-518,878$-688,237▼ $169,359
Total Liabilities and Net Assets / Fund Balance$360,164$179,501▼ $180,663

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$156,576$156,576
Equipment$10,011$48,168$58,179
Other Assets Org$20,000--
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Aaron KindelDirector-$144,746$144,746
Helen HayesDirector-$125,301$125,301
Dr Robert JacksonDirector-$119,631$119,631
Brian TaylorHeadmasterFT$101,995$101,995
Jay HeilerDirector-$101,029$101,029
Christina Lucas-sheffieldHeadmasterFT$43,876$43,876

Board Members and Trustees

NameTitle
John Boots DunlapDirector
Mac EsauDirector
Dr Leslie Williams-blackwellDirector as of 03/12/15
Matthew MasonDirector as of 03/12/15
Stephen HoughtonDirector as of 03/12/15
Ward HusethDirector/CFO

Highest Paid Contractors

ContractorServicesLocationCompensation
Great Hearts AcademiesManagement Services3102 N 56TH ST STE 300, Phoenix, AZ 85018$120,543
Revenue and Support

Revenue Composition

Contributions and Grants
$317,305
Program Service Revenue
$1,471,343
Investment Income
$0
Other Revenue
$-928
All Other Contributions
$79,134
Change in Net Assets
$-169,359

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,787,720
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$928
Total Revenue per Audited Statements
$1,788,648
Total Revenue per Form 990
$1,787,720
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,251,817
Other Expenses$705,262
Total Fundraising Expense$591
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$765,874$247,339-$1,013,213
Occupancy$189,864$63,640-$253,504
Other Employee Benefits$129,190$25,681-$154,871
Fees for Services Management-$120,543-$120,543
Payroll Taxes$61,440$19,309-$80,749
Fees for Services Other$29,220$17,047-$46,267
Office Expenses$15,352$15,166-$30,518
Information Technology$238$20,950-$21,188
Conferences and Meetings$11,460$5,633-$17,093
Interest-$14,312-$14,312
Depreciation Depletion$8,874$2,866-$11,740
Fees for Services Accounting$6,879$2,221-$9,100
Insurance$4,428$1,430-$5,858
Other Expenses$4,124$777$591$5,492
Advertising-$4,855-$4,855
All Other Expenses-$4,218-$4,218
Pension Plan Contributions$2,984--$2,984
Fees for Services Legal-$1,610-$1,610
Travel-$614-$614
Total Functional Expenses$1,374,914$581,574$591$1,957,079

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,958,007
Expenses per Audited Statements$1,957,079
Total Expenses per Form 990$1,957,079
Expenses Not Reported on Form 990$928
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
Due to Related Parties$438,558
Note Payable to Related Parties$294,056
Deposits Held for Others$21,227
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 christina lucas-sheffield, brian taylor, helen hayes, jay heiler, dr. Robert jackson, and aaron kindel 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
Teleos Preparatory Academy
EIN
26-2700807
Phone
4808999181
Address
1401 E JEFFERSON ST, PHOENIX, AZ 85034

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
2008
Legal Domicile
Az
Voting Board Members
10
Independent Board Members
5
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 928.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“COST OF GOODS SOLD 928.”

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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt020950
IRS990/InformationTechnologyGrp/ProgramServicesAmt0238
IRS990/InformationTechnologyGrp/TotalAmt021188
IRS990/InsuranceGrp/ManagementAndGeneralAmt01430
IRS990/InsuranceGrp/ProgramServicesAmt04428
IRS990/InsuranceGrp/TotalAmt05858
IRS990/InterestGrp/ManagementAndGeneralAmt014312
IRS990/InterestGrp/TotalAmt014312
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0204744
IRS990/LandBldgEquipBasisNetGrp/BOYAmt021750
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010011
IRS990/LandBldgEquipCostOrOtherBssAmt0214755
IRS990/LegalDomicileStateCd0AZ
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF TELEOS PREPARATORY ACADEMY ("ACADEMY") IS TO EDUCATE STUDENTS FOR THE LIFELONG PURSUIT OF TRUTH, GOODNESS, AND BEAUTY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-518878
IRS990/NetAssetsOrFundBalancesEOYAmt0-688237
IRS990/NetIncomeOrLossGrp/ExclusionAmt0-928
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-928
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt063640
IRS990/OccupancyGrp/ProgramServicesAmt0189864
IRS990/OccupancyGrp/TotalAmt0253504
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015166
IRS990/OfficeExpensesGrp/ProgramServicesAmt015352
IRS990/OfficeExpensesGrp/TotalAmt030518
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt035402
IRS990/OtherAssetsTotalGrp/EOYAmt020000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt025681
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0129190
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0154871
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2CO-CURRICULAR ACTIVITIE
IRS990/OtherExpensesGrp/Desc3FIELD TRIP EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt0591
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013363
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1777
IRS990/OtherExpensesGrp/ProgramServicesAmt0103615
IRS990/OtherExpensesGrp/ProgramServicesAmt123560
IRS990/OtherExpensesGrp/ProgramServicesAmt217812
IRS990/OtherExpensesGrp/ProgramServicesAmt34124
IRS990/OtherExpensesGrp/TotalAmt0103615
IRS990/OtherExpensesGrp/TotalAmt136923
IRS990/OtherExpensesGrp/TotalAmt217812
IRS990/OtherExpensesGrp/TotalAmt35492
IRS990/OtherLiabilitiesGrp/BOYAmt0736085
IRS990/OtherLiabilitiesGrp/EOYAmt0753841
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0247339
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0765874
IRS990/OtherSalariesAndWagesGrp/TotalAmt01013213
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019309
IRS990/PayrollTaxesGrp/ProgramServicesAmt061440
IRS990/PayrollTaxesGrp/TotalAmt080749
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02984
IRS990/PensionPlanContributionsGrp/TotalAmt02984
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt016402
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0618
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013904
IRS990/PrincipalOfficerNm0WARD HUSETH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0STATE EQUALIZATION
IRS990/ProgramServiceRevenueGrp/Desc1CLASSROOM SITE FUNDS
IRS990/ProgramServiceRevenueGrp/Desc2CO-CURRICULAR ACTIVITI
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01337363
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt180788
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt253192
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01337363
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt180788
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt253192
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0489231
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0439826
IRS990/PYOtherRevenueAmt0249
IRS990/PYProgramServiceRevenueAmt01381133
IRS990/PYRevenuesLessExpensesAmt0174565
IRS990/PYSalariesCompEmpBnftPaidAmt01256222
IRS990/PYTotalExpensesAmt01696048
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01870613
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-169359
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt032471
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01471343
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/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0156576
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0156576
IRS990ScheduleD/EquipmentGrp/BookValueAmt010011
IRS990ScheduleD/EquipmentGrp/DepreciationAmt048168
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt058179
IRS990ScheduleD/ExpensesNotReportedAmt0928
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01957079
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt020000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherExpensesIncludedAmt0928
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0294056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1438558
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt221227
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE TO RELATED PARTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED PARTIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEPOSITS HELD FOR OTHERS
IRS990ScheduleD/OtherRevenueAmt0928
IRS990ScheduleD/RevenueNotReportedAmt0928
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01787720
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COST OF GOODS SOLD 928.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 928.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010011
IRS990ScheduleD/TotalBookValueOtherAssetsAmt020000
IRS990ScheduleD/TotalExpensesPerForm990Amt01957079
IRS990ScheduleD/TotalLiabilityAmt0753841
IRS990ScheduleD/TotalRevenuePerForm990Amt01787720
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01788648
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01958007
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

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
$179,501
Liabilities
$867,738
Net assets
-$688,237
Revenue
$1,787,720
Expenses
$1,957,079
Net income
-$169,359
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.04$0.04$1.93$0.42$1.51
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$1.78$1.54$1.86$2.73$0.88
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.92$0.67$2.09$2.08$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.27$0.95$0.68$2.14$2.13$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.18$0.87$0.69$1.79$1.96$0.17
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.88$0.52$1.87$1.70$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$1.13$0.69$2.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.84$0.38$2.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.42$0.05$2.38