Civic Intelligence

Morrison Education Group Inc

EIN 27-0243106 • 501(c)3 • Phoenix, AZ

Profile

Sun valley academy has made a commitment to provide each student with a quality education through high standards and high achievement. We foster a school culture in which teachers, students, and parents are active participants. Our pursuit of academic excellence is enhanced by family partnerships and the development of leadership skills. This dynamic combination motivates students to embrace life-long learning and to become productive members of our community. Sun valley academy empowers every student, every day, through high standards and high achievement.

1850 N 95th Ave Ste 192Phoenix, AZ 85037

www.morrisoned.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

1.02x

Higher debt load relative to assets than 94% of similar nonprofits.

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

Liabilities / Revenue

91st percentile

3.16x

Higher debt load relative to revenue than 91% of similar nonprofits.

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

Net Margin

22nd percentile

-6.0%

Higher net margin than 22% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

22nd percentile

-2.0%

Faster asset growth than 22% of similar nonprofits.

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

Revenue Growth

66th percentile

15%

Faster revenue growth than 66% of similar nonprofits.

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

Assets

Up

$60,440,316

Up $34,088,539 (+129%) from 2023

Liabilities

Up

$60,785,572

Up $33,844,549 (+126%) from 2023

Net Assets

Up

-$345,256

Up $243,990 (+41%) from 2023

Revenue

Down

$3,753,504

Down $6,501,523 (-63%) from 2023

Expenses

Down

$4,514,676

Down $5,763,594 (-56%) from 2023

Net Income

Down

-$761,172

Down $737,929 (-3175%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0-$20MAssets 2011: $302,443Liabilities 2011: $220,472Net Assets 2011: $81,9712011Assets 2012: $318,735Liabilities 2012: $127,796Net Assets 2012: $190,9392012Assets 2013: $547,692Liabilities 2013: $435,492Net Assets 2013: $112,2002013Assets 2014: $668,809Liabilities 2014: $400,081Net Assets 2014: $268,7282014Assets 2015: $737,776Liabilities 2015: $350,416Net Assets 2015: $387,3602015Assets 2016: $872,194Liabilities 2016: $273,981Net Assets 2016: $598,2132016Assets 2017: $959,635Liabilities 2017: $281,511Net Assets 2017: $678,1242017Assets 2018: $12,488,993Liabilities 2018: $11,775,921Net Assets 2018: $713,0722018Assets 2019: $11,875,586Liabilities 2019: $10,702,787Net Assets 2019: $1,172,7992019Assets 2020: $29,767,863Liabilities 2020: $29,112,571Net Assets 2020: $655,2922020Assets 2021: $27,508,190Liabilities 2021: $27,551,398Net Assets 2021: -$43,2082021Assets 2022: $26,951,519Liabilities 2022: $27,517,522Net Assets 2022: -$566,0032022Assets 2023: $26,351,777Liabilities 2023: $26,941,023Net Assets 2023: -$589,2462023Assets 2024: $60,440,316Liabilities 2024: $60,785,572Net Assets 2024: -$345,2562024

Highlighted filing

2024

Assets$60,440,316
Liabilities$60,785,572
Net Assets-$345,256

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $1,284,7222011Expenses 2012: $1,312,6462012Expenses 2013: $1,773,4592013Revenue 2014: $2,231,160Expenses 2014: $2,074,632Net Income 2014: $156,5282014Revenue 2015: $2,155,755Expenses 2015: $2,037,123Net Income 2015: $118,6322015Revenue 2016: $2,383,015Expenses 2016: $2,172,162Net Income 2016: $210,8532016Revenue 2017: $2,366,960Expenses 2017: $2,287,049Net Income 2017: $79,9112017Revenue 2018: $2,423,635Expenses 2018: $2,388,687Net Income 2018: $34,9482018Revenue 2019: $4,117,185Expenses 2019: $3,657,458Net Income 2019: $459,7272019Revenue 2020: $5,182,844Expenses 2020: $5,249,783Net Income 2020: -$66,9392020Revenue 2021: $7,598,918Expenses 2021: $8,297,418Net Income 2021: -$698,5002021Revenue 2022: $8,717,931Expenses 2022: $9,240,726Net Income 2022: -$522,7952022Revenue 2023: $10,255,027Expenses 2023: $10,278,270Net Income 2023: -$23,2432023Revenue 2024: $3,753,504Expenses 2024: $4,514,676Net Income 2024: -$761,1722024

Highlighted filing

2024

Revenue$3,753,504
Expenses$4,514,676
Net Income-$761,172

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$60.4$60.8$0.35$3.75$4.51$0.76
2023Detailed filing. Detailed filing data is available for this year.$26.4$26.9$0.59$10.3$10.3$0.02
2022Detailed filing. Detailed filing data is available for this year.$27.0$27.5$0.57$8.72$9.24$0.52
2021Detailed filing. Detailed filing data is available for this year.$27.5$27.6$0.04$7.60$8.30$0.70
2020Detailed filing. Detailed filing data is available for this year.$29.8$29.1$0.66$5.18$5.25$0.07
2019Detailed filing. Detailed filing data is available for this year.$11.9$10.7$1.17$4.12$3.66$0.46
2018Detailed filing. Detailed filing data is available for this year.$12.5$11.8$0.71$2.42$2.39$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.96$0.28$0.68$2.37$2.29$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.87$0.27$0.60$2.38$2.17$0.21
2015Detailed filing. Detailed filing data is available for this year.$0.74$0.35$0.39$2.16$2.04$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.67$0.40$0.27$2.23$2.07$0.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.44$0.11$1.77
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.13$0.19$1.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.22$0.08$1.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$3,761,637
Mission and Program Overview

Mission

Sun valley charter school is committed to providing each student with a quality education through high standards and high achievement.

Sun valley academy has made a commitment to provide each student with a quality education through high standards and high achievement. We foster a school culture in which teachers, students, and parents are active participants. Our pursuit of academic excellence is enhanced by family partnerships and the development of leadership skills. This dynamic combination motivates students to embrace life-long learning and to become productive members of our community. Sun valley academy empowers every student, every day, through high standards and high achievement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$22,622,197$41,562,162▲ $18,939,965
Cash and Non-Interest-Bearing Accounts$2,744,606$3,187,691▲ $443,085
Pledges and Grants Receivable$742,180$77,111▼ $665,069
Prepaid Expenses and Deferred Charges$63,628$64,453▲ $825
Accounts Receivable$2,733--
Total Assets$26,351,777$60,440,316▲ $34,088,539
Other Assets Total$176,433$15,548,899▲ $15,372,466
Liabilities
Tax Exempt Bond Liabilities$26,552,346$55,515,622▲ $28,963,276
Accounts Payable and Accrued Expenses$271,593$5,014,097▲ $4,742,504
Other Liabilities-$186,524-
Unsecured Notes Loans Payable$117,084$69,329▼ $47,755
Total Liabilities$26,941,023$60,785,572▲ $33,844,549
Net Assets / Fund Balance
Net Assets With Donor Restrictions$518,654--
Net Assets Without Donor Restrictions$-1,107,900$-345,256▲ $762,644
Total Net Assets Fund Balance$-589,246$-345,256▲ $243,990
Total Liabilities and Net Assets / Fund Balance$26,351,777$60,440,316▲ $34,088,539

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,908,288$3,307,666$21,215,954
Other Land Buildings$14,614,899-$14,614,899
Land$8,820,767-$8,820,767
Equipment$218,208$1,371,442$1,589,650
Other Assets Org$184,608--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tanae MorrisonExecutive DiFT$181,056$35,224$216,280
Tanae MorrisonExecutive Director-$181,056$35,224$216,280

Board Members and Trustees

NameTitle
April BeatyDirector
Juniper Dery-chaffinDirector
Rodney JenkinsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$500,695
Other Revenue
$3,252,809
Change in Net Assets
$-761,172
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,794,114
Grants and Similar Amounts Paid$1,134,528
Salaries, Compensation, and Employee Benefits$586,034
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,430,608$252,460-$1,683,068
Grants to Domestic Orgs$1,134,528--$1,134,528
Depreciation Depletion$778,342$137,355-$915,697
Other Salaries and Wages-$319,743-$319,743
Current Officers, Directors, Trustees, and Key Employees-$181,056-$181,056
Other Employee Benefits-$46,924-$46,924
Fees for Services Accounting-$45,839-$45,839
Payroll Taxes-$38,311-$38,311
Fees for Services Other$2,287$17,888-$20,175
Office Expenses-$16,384-$16,384
Insurance-$10,342-$10,342
Fees for Services Legal-$9,673-$9,673
Travel$1,083$8,068-$9,151
Advertising-$2,427-$2,427
Occupancy-$2,313-$2,313
Other Expenses$11,134$1,450-$1,450
Total Functional Expenses$3,389,874$1,124,802$0$4,514,676
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sun Valley Academy - South MountainPhoenix, AZ501c3-$784,261
Sun Valley Academy - AvondaleAvondale, AZ501c3-$350,267
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$24,311
Fundraising Direct Expenses$8,133
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Booster Fundrai$24,311$24,311$8,133$16,178
Total Events$24,311$24,311$8,133$16,178
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$186,524

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIda of Maricopa Series 2024a2024-01-01$56,885,000Meg used 25,386,040 to repay the previously issued series 2019 education revenue bonds. The remainin
BIda of Maricopa Series 2024b2024-01-01$410,000The loan proceeds were used by meg for the following purposes: (i) to finance the costs of acquiring

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----
B----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 4

Beginning fiscal year 2024, the organization has split into 4 separate entities: 3 schools with separate fein's and governing boards and 1 network office.

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

The 990 is generated by the auditor who reviews our financial statements. It will be subsequently reviewed by the board of directors before filing.

Form 990, Page 6, Part VI, Line 12C

Communication of the requirement and open door policy.

Form 990, Page 6, Part VI, Line 15A

Compensation is based upon the school budget, educational level of the employee, and performance.

Form 990, Page 6, Part VI, Line 15B

Compensation is based upon the school budget, educational level of the employee, and performance.

Form 990, Page 6, Part VI, Line 19

By use of website stating that all information is available upon request.

Filing and Contact Details

Filer

Filer Name
Morrison Education Group Inc
EIN
27-0243106
Phone
6239000228
Address
1850 N 95TH AVE STE 192, PHOENIX, AZ 85037
Doing Business As
Sun Valley Academy

Signing Officer

Name
Tanae Morrison
Title
Executive Director
Phone
6026924914
Signed
2025-05-14

Organization Details

Principal Officer
Tanae Morrison
Formed
2009
Legal Domicile
Az
Voting Board Members
3
Independent Board Members
3
Employees
143
Volunteers
5

Preparer

Firm
Fester & Chapman Pllc
Address
9019 E BAHIA DR STE 100, SCOTTSDALE, AZ 85260
Preparer
Rachel Locke CPA
Phone
6022643077
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Sun valley academy has made a commitment to provide each student with a quality education through high standards and high achievement. We foster a school culture in which teachers, students, and parents are active participants. Our pursuit of academic excellence is enhanced by family partnerships and the development of leadership skills. This dynamic combination motivates students to embrace life-long learning and to become productive members of our community. Sun valley academy empowers every student, every day, through high standards and high achievement.

Form 990, Page 1, Part I, Line 6

The volunteers raise funds for the school, help in classrooms, organize special events, assist in shaping academic decisions, and support teachers and students.

Form 990, Part XI, Line 9

Gain on extinguishment of debt 1,005,162

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IRS990/MissionDesc0SUN VALLEY ACADEMY HAS MADE A COMMITMENT TO PROVIDE EACH STUDENT WITH A QUALITY EDUCATION THROUGH HIGH STANDARDS AND HIGH ACHIEVEMENT. WE FOSTER A SCHOOL CULTURE IN WHICH TEACHERS, STUDENTS, AND PARENTS ARE ACTIVE PARTICIPANTS. OUR PURSUIT OF ACADEMIC EXCELLENCE IS ENHANCED BY FAMILY PARTNERSHIPS AND THE DEVELOPMENT OF LEADERSHIP SKILLS. THIS DYNAMIC COMBINATION MOTIVATES STUDENTS TO EMBRACE LIFE-LONG LEARNING AND TO BECOME PRODUCTIVE MEMBERS OF OUR COMMUNITY. SUN VALLEY ACADEMY EMPOWERS EVERY STUDENT, EVERY DAY, THROUGH HIGH STANDARDS AND HIGH ACHIEVEMENT.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATIONS NONDISCRIMINATORY POLICY IS LOCATED ON THEIR WEBSITE AS WELL AS INCLUDED IN ALL STUDENT HANDBOOKS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVED GOVERNMENT ASSISTANCE AND GRANTS DURING THE YEAR.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SUN VALLEY ACADEMY - AVONDALE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1SUN VALLEY ACADEMY - SOUTH MOUNTAIN
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IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0IDA OF MARICOPA SERIES 2024A MEG USED 25,386,040 TO REPAY THE PREVIOUSLY ISSUED SERIES 2019 EDUCATION REVENUE BONDS. THE REMAINING LOAN PROCEEDS WERE USED BY MEG FOR THE FOLLOWING PURPOSES: (I) TO FINANCE THE COSTS OF ACQUIRING THE GLENDALE CAMPUS AND CONSTRUCTING, RENOVATING, IMPROVING, AND EQUIPPING ADDITIONAL IMPROVEMENTS AT THE GLENDALE, SOUTH MOUNTAIN, AND AVONDALE CAMPUSES, (II) FUND A DEBT SERVICE RESERVE FUND FOR SERIES 2024 BONDS, (III) PAY CAPITALIZED INTEREST ON A PORTION OF THE BONDS AND (IV) PAY COSTS OF ISSUANCE ASSOCIATED WITH THE SERIES 2024 BONDS.
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt1IDA OF MARICOPA SERIES 2024B THE LOAN PROCEEDS WERE USED BY MEG FOR THE FOLLOWING PURPOSES: (I) TO FINANCE THE COSTS OF ACQUIRING THE GLENDALE CAMPUS AND CONSTRUCTING, RENOVATING, IMPROVING, AND EQUIPPING ADDITIONAL IMPROVEMENTS AT THE GLENDALE, SOUTH MOUNTAIN, AND AVONDALE CAMPUSES, (II) FUND A DEBT SERVICE RESERVE FUND FOR SERIES 2024 BONDS, (III) PAY CAPITALIZED INTEREST ON A PORTION OF THE BONDS AND (IV) PAY COSTS OF ISSUANCE ASSOCIATED WITH THE SERIES 2024 BONDS.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PURPOSE OF ISSUE DESCRIPTION
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc1PURPOSE OF ISSUE DESCRIPTION
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0MEG USED 25,386,040 TO REPAY THE PREVIOUSLY ISSUED SERIES 2019 EDUCATION REVENUE BONDS. THE REMAININ
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1THE LOAN PROCEEDS WERE USED BY MEG FOR THE FOLLOWING PURPOSES: (I) TO FINANCE THE COSTS OF ACQUIRING
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