Civic Intelligence

Educational Options Foundation

990 • Fiscal year 2022 • EIN 26-3627479

Jul 01, 2021 to Jun 30, 2022 • Filed on May 12, 2023

2150 East Southern AvenueTempe, AZ 85282

(480) 777-7720

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

6th percentile

0.01x

Higher debt load relative to revenue than 6% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

91st percentile

54%

Higher net margin than 91% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

56th percentile

$275,379

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

76th percentile

14%

Faster asset growth than 76% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

21st percentile

-15%

Faster revenue growth than 21% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$26,472,642

Up $3,162,309 (+14%) from 2021

Net Assets

Up

$26,419,242

Up $3,188,782 (+14%) from 2021

Liabilities

Down

$53,400

Down $26,473 (-33%) from 2021

Revenue

Down

$5,898,575

Down $1,055,755 (-15%) from 2021

Expenses

Up

$2,709,793

Up $75,102 (+2.9%) from 2021

Net Income

Down

$3,188,782

Down $1,130,857 (-26%) from 2021

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2017: $11,024,871Liabilities 2017: $78,517Net Assets 2017: $10,946,3542017Assets 2018: $13,751,229Liabilities 2018: $79,566Net Assets 2018: $13,671,6632018Assets 2019: $15,978,234Liabilities 2019: $61,669Net Assets 2019: $15,916,5652019Assets 2020: $19,195,486Liabilities 2020: $371,753Net Assets 2020: $18,823,7332020Assets 2021: $23,310,333Liabilities 2021: $79,873Net Assets 2021: $23,230,4602021Assets 2022: $26,472,642Liabilities 2022: $53,400Net Assets 2022: $26,419,2422022Assets 2025: $44,190,073Liabilities 2025: $214,696Net Assets 2025: $43,975,3772025

Highlighted filing

2022

Assets$26,472,642
Liabilities$53,400
Net Assets$26,419,242

Operations Trend

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

$10M$5.0M$0Revenue 2017: $6,324,549Expenses 2017: $2,350,302Net Income 2017: $3,974,2472017Revenue 2018: $5,137,330Expenses 2018: $2,412,021Net Income 2018: $2,725,3092018Revenue 2019: $4,642,828Expenses 2019: $2,397,926Net Income 2019: $2,244,9022019Revenue 2020: $5,768,995Expenses 2020: $2,861,827Net Income 2020: $2,907,1682020Revenue 2021: $6,954,330Expenses 2021: $2,634,691Net Income 2021: $4,319,6392021Revenue 2022: $5,898,575Expenses 2022: $2,709,793Net Income 2022: $3,188,7822022Revenue 2025: $9,496,422Expenses 2025: $3,227,492Net Income 2025: $6,268,9302025

Highlighted filing

2022

Revenue$5,898,575
Expenses$2,709,793
Net Income$3,188,782
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 12, 2023
Return Version
2021v4.0
Gross Receipts
$5,898,575
Mission and Program Overview

Mission

The school's mission is to make a positive difference in the lives of our students and the community by providing a high quality education experience in a school environment that recognizes the needs of traditional and non- traditional students that provides each student superior opportunities for success.

The organization provides educational services to students in 9th through 12th grades.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$15,424,221$18,316,626▲ $2,892,405
Land, Buildings, and Equipment, Net$5,670,915$5,902,080▲ $231,165
Cash and Non-Interest-Bearing Accounts$1,426,347$1,417,363▼ $8,984
Pledges and Grants Receivable$242,127$421,006▲ $178,879
Other Notes and Loans Receivable, Net$222,424$222,424→ $0
Accounts Receivable$288,151$157,990▼ $130,161
Prepaid Expenses and Deferred Charges$26,506$25,511▼ $995
Total Assets$23,310,333$26,472,642▲ $3,162,309
Other Assets Total$9,642$9,642→ $0
Liabilities
Accounts Payable and Accrued Expenses$79,873$53,400▼ $26,473
Total Liabilities$79,873$53,400▼ $26,473
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$23,230,460$26,419,242▲ $3,188,782
Total Net Assets Fund Balance$23,230,460$26,419,242▲ $3,188,782
Total Liabilities and Net Assets / Fund Balance$23,310,333$26,472,642▲ $3,162,309

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,473,887$535,526$5,009,413
Land$1,288,167-$1,288,167
Equipment$140,026$146,703$286,729
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steven F Durand IiPresidentPT$131,222$2,624$133,846
William J SawnerVice PresideFT$58,215$54,536$112,751

Board Members and Trustees

NameTitle
Randall BabickDirector/mem
Rebecca C WhiteDirector/mem
William R DinesDirector/mem

Highest Paid Contractors

ContractorServicesLocationCompensation
All About Kids Learning Center LLCEducational8991 E VALLEY, Prescott Valley, AZ 86314$270,525
Revenue and Support

Revenue Composition

Contributions and Grants
$5,733,598
Program Service Revenue
$266,513
Investment Income
$-101,536
Other Revenue
$0
All Other Contributions
$3,255
Change in Net Assets
$3,188,782

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,898,575
Total Revenue per Audited Statements
$5,898,575
Total Revenue per Form 990
$5,898,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,483,846
Salaries, Compensation, and Employee Benefits$1,225,947
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$956,808--$956,808
Office Expenses$600,959$16,376-$617,335
Occupancy$303,408$15,969-$319,377
Fees for Services Other$178,277$67,141-$245,418
Current Officers, Directors, Trustees, and Key Employees$37,887$151,550-$189,437
Depreciation Depletion$159,317$8,385-$167,702
Payroll Taxes$59,601$11,594-$71,195
Fees for Services Accounting-$55,820-$55,820
Insurance$53,658--$53,658
Advertising-$15,899-$15,899
Pension Plan Contributions$5,477$3,030-$8,507
Fees for Services Legal-$3,419-$3,419
Information Technology$1,714$981-$2,695
Travel-$1,423-$1,423
Conferences and Meetings$650$450-$1,100
Total Functional Expenses$2,357,756$352,037$0$2,709,793

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,709,793
Total Expenses per Audited Statements$2,709,793
Total Expenses per Form 990$2,709,793
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
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 35% controlled entity
No
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 8B

The organization did not have any committees with authority to act on behalf of the governing board.

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

The form 990 is reviewed by the governing board prior to filing.

Form 990, Page 6, Part VI, Line 19

The school's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Educational Options Foundation
EIN
26-3627479
Phone
4807777720
Address
2150 EAST SOUTHERN AVENUE, TEMPE, AZ 85282

Signing Officer

Name
Steven F Durand Ii
Title
President
Phone
4807777720
Signed
2023-05-12

Organization Details

Principal Officer
Steven F Durand Ii
Formed
2008
Legal Domicile
Az
Voting Board Members
5
Independent Board Members
3
Employees
51

Preparer

Firm
Aspire Business Consultants
Address
PO BOX 12084, GLENDALE, AZ 85318-2084
Preparer
Kristin Morgan
Phone
6028812483
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The school's mission is to make a positive difference in the lives of our students and the community by providing a high quality education experience in a school environment that recognizes the needs of traditional and non- traditional students that provides each student superior opportunities for success.

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IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS AN ARIZONA PUBLIC CHARTER SCHOOL. AS SUCH, DISCRIMINATION IS PROHIBITED, AND ARIZONA RESIDENTS ARE AWARE THAT A SCHOOL CANNOT DISCRIMINATE IN ANY MANNER.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL DOES NOT PROVIDE SCHOLARSHIPS AND/OR OTHER FINANCIAL ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL RECEIVES MONTHLY AID PAYMENTS AND GRANTS FROM THE STATE OF ARIZONA BASED ON THE NUMBER OF STUDENTS ENROLLED AND ATTENDING. THE SCHOOL ALSO RECEIVES FEDERAL GRANTS PASSED THROUGH THE ARIZONA STATE DEPARTMENT OF EDUCATION. THESE FUNDS ARE USED IN ACCORDANCE WITH THE REQUIREMENTS SET FORTH BY THE STATE OF ARIZONA AND/OR THE FEDERAL GOVERNMENT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 6
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STEVEN F DURAND II
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0133846
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0141533
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S MISSION IS TO MAKE A POSITIVE DIFFERENCE IN THE LIVES OF OUR STUDENTS AND THE COMMUNITY BY PROVIDING A HIGH QUALITY EDUCATION EXPERIENCE IN A SCHOOL ENVIRONMENT THAT RECOGNIZES THE NEEDS OF TRADITIONAL AND NON- TRADITIONAL STUDENTS THAT PROVIDES EACH STUDENT SUPERIOR OPPORTUNITIES FOR SUCCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DID NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS REVIEWED BY THE GOVERNING BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AIBT NONPROFIT CHARTER HIGH SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0860978841
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0AZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PEORIA
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IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt05733598
IRS990/TotalEmployeeCnt051
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IRS990/TotalFunctionalExpensesGrp/TotalAmt02709793
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt053400
IRS990/TotalLiabilitiesGrp/BOYAmt079873
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt026419242
IRS990/TotalOtherCompensationAmt025218
IRS990/TotalProgramServiceExpensesAmt02357756
IRS990/TotalProgramServiceRevenueAmt0266513
IRS990/TotalReportableCompFromOrgAmt0189437
IRS990/TotalRevenueGrp/ExclusionAmt0-101536
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05898575
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt023310333
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt026472642
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IRS990/TravelGrp/TotalAmt01423
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02150 E SOUTHERN AVE
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IRS990/VotingMembersGoverningBodyCnt05
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IRS990/WebsiteAddressTxt0WWW.EOHIGHSCHOOL.COM

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