Civic Intelligence

Anthem Preparatory Academy

990 • Fiscal year 2015 • EIN 27-0375682

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

Organization ProfileWWW.ANTHEMPREP.ORG
3102 N 56th St Ste 300Phoenix, AZ 85018

(480) 899-9181

Siviq Scores

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

Liabilities / Assets

68th percentile

0.40x

Higher debt load relative to assets than 68% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

43rd percentile

0.14x

Higher debt load relative to revenue than 43% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

58th percentile

5.2%

Higher net margin than 58% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

74th percentile

$188,551

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

88th percentile

27%

Faster asset growth than 88% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

58th percentile

6.4%

Faster revenue growth than 58% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$1,941,405

Up $413,259 (+27%) from 2014

Net Assets

Up

$1,162,534

Up $292,244 (+34%) from 2014

Liabilities

Up

$778,871

Up $121,015 (+18%) from 2014

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin58th percentile

Revenue

Up

$5,590,256

Up $338,368 (+6.4%) from 2014

Expenses

Up

$5,298,012

Up $224,868 (+4.4%) from 2014

Net Income

Up

$292,244

Up $113,500 (+63%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$30M$20M$10M$0Assets 2011: $329,721Liabilities 2011: $196,623Net Assets 2011: $133,0982011Assets 2012: $1,029,032Liabilities 2012: $516,635Net Assets 2012: $512,3972012Assets 2013: $1,150,403Liabilities 2013: $458,857Net Assets 2013: $691,5462013Assets 2014: $1,528,146Liabilities 2014: $657,856Net Assets 2014: $870,2902014Assets 2015: $1,941,405Liabilities 2015: $778,871Net Assets 2015: $1,162,5342015Assets 2016: $2,330,136Liabilities 2016: $746,914Net Assets 2016: $1,583,2222016Assets 2017: $2,712,862Liabilities 2017: $696,370Net Assets 2017: $2,016,4922017Assets 2018: $2,965,683Liabilities 2018: $712,928Net Assets 2018: $2,252,7552018Assets 2019: $3,563,088Liabilities 2019: $1,033,094Net Assets 2019: $2,529,9942019Assets 2020: $3,537,549Liabilities 2020: $765,529Net Assets 2020: $2,772,0202020Assets 2021: $5,413,457Liabilities 2021: $2,361,876Net Assets 2021: $3,051,5812021Assets 2022: $4,516,604Liabilities 2022: $1,204,356Net Assets 2022: $3,312,2482022Assets 2023: $28,927,096Liabilities 2023: $25,065,353Net Assets 2023: $3,861,7432023Assets 2024: $28,707,909Liabilities 2024: $24,409,732Net Assets 2024: $4,298,1772024Assets 2025: $28,223,932Liabilities 2025: $23,770,409Net Assets 2025: $4,453,5232025

Highlighted filing

2015

Assets$1,941,405
Liabilities$778,871
Net Assets$1,162,534
Open 2015 Filing

Operations Trend

Revenue Growth58th percentile

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

$15M$10M$5.0M$0Expenses 2011: $2,076,4652011Expenses 2012: $3,196,4022012Expenses 2013: $3,705,0272013Revenue 2014: $5,251,888Expenses 2014: $5,073,144Net Income 2014: $178,7442014Revenue 2015: $5,590,256Expenses 2015: $5,298,012Net Income 2015: $292,2442015Revenue 2016: $6,181,203Expenses 2016: $5,760,515Net Income 2016: $420,6882016Revenue 2017: $6,402,972Expenses 2017: $5,987,640Net Income 2017: $415,3322017Revenue 2018: $6,689,818Expenses 2018: $6,456,698Net Income 2018: $233,1202018Revenue 2019: $7,112,460Expenses 2019: $6,876,774Net Income 2019: $235,6862019Revenue 2020: $7,173,005Expenses 2020: $6,968,987Net Income 2020: $204,0182020Revenue 2021: $7,531,614Expenses 2021: $7,324,791Net Income 2021: $206,8232021Revenue 2022: $8,007,546Expenses 2022: $7,584,186Net Income 2022: $423,3602022Revenue 2023: $11,910,505Expenses 2023: $11,432,315Net Income 2023: $478,1902023Revenue 2024: $11,771,972Expenses 2024: $11,427,132Net Income 2024: $344,8402024Revenue 2025: $11,887,507Expenses 2025: $11,820,946Net Income 2025: $66,5612025

Highlighted filing

2015

Revenue$5,590,256
Expenses$5,298,012
Net Income$292,244
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
$5,590,256
Mission and Program Overview

Mission

An anthem 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 anthem 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
Cash and Non-Interest-Bearing Accounts$921,317$1,297,840▲ $376,523
Land, Buildings, and Equipment, Net$423,923$476,481▲ $52,558
Accounts Receivable$73,028$101,738▲ $28,710
Prepaid Expenses and Deferred Charges$80,898$64,786▼ $16,112
Pledges and Grants Receivable$26,980$560▼ $26,420
Total Assets$1,528,146$1,941,405▲ $413,259
Other Assets Total$2,000$0▼ $2,000
Liabilities
Other Liabilities$384,279$527,153▲ $142,874
Accounts Payable and Accrued Expenses$234,541$247,209▲ $12,668
Deferred Revenue$39,036$4,509▼ $34,527
Total Liabilities$657,856$778,871▲ $121,015
Net Assets / Fund Balance
Unrestricted Net Assets$779,916$1,161,974▲ $382,058
Temporarily Rstr Net Assets$90,374$560▼ $89,814
Total Net Assets Fund Balance$870,290$1,162,534▲ $292,244
Total Liabilities and Net Assets / Fund Balance$1,528,146$1,941,405▲ $413,259

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$369,387$351,061$720,448
Equipment$107,094$161,393$268,487
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Andrew EllisonPresident-$128,575$128,575
Dave BeskarDirector Through 6/22/15-$92,650$92,650
Lea-ann ReikesDirector-$90,474$90,474
Dr Mark DischerDirector-$84,500$84,500
Theresa KruegerVice President-$69,307$69,307
Allison WesterlindHeadmasterFT$64,408$64,408
Teresa ClarkHeadmasterFT$61,863$61,863

Board Members and Trustees

NameTitle
Lance SherwoodDirector
Ward HusethCFO

Highest Paid Contractors

ContractorServicesLocationCompensation
Great Hearts AcademiesManagement Services3102 N 56TH ST STE 300, Phoenix, AZ 85018$397,820
Revenue and Support

Revenue Composition

Contributions and Grants
$552,753
Program Service Revenue
$5,025,680
Investment Income
$0
Other Revenue
$11,823
All Other Contributions
$485,837
Change in Net Assets
$292,244

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,590,256
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,590,256
Total Revenue per Form 990
$5,590,256
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,205,385
Other Expenses$2,092,627
Total Fundraising Expense$51,571
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,100,674$464,827$22,071$2,587,572
Occupancy$781,498$204,962-$986,460
Fees for Services Management-$397,820-$397,820
Other Employee Benefits$344,174$44,495$6,421$395,090
Payroll Taxes$166,815$37,919-$204,734
Depreciation Depletion$106,468$23,559-$130,027
Fees for Services Other$81,188$31,485-$112,673
Office Expenses$51,939$34,897-$86,836
Other Expenses$53,744$2,869$23,079$53,744
Information Technology$4,746$23,781-$28,527
All Other Expenses-$24,911-$24,911
Conferences and Meetings$11,697$8,380-$20,077
Insurance$15,227$3,369-$18,596
Pension Plan Contributions$12,519$5,470-$17,989
Fees for Services Legal-$17,170-$17,170
Fees for Services Accounting$8,679$1,921-$10,600
Travel-$1,330-$1,330
Advertising-$100-$100
Total Functional Expenses$3,917,176$1,329,265$51,571$5,298,012

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,298,012
Total Expenses per Audited Statements$5,298,012
Total Expenses per Form 990$5,298,012
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Deferred Lease Expense$365,860
Deposits Held for Others$146,933
Due to Related Parties$14,360
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 allison westerlind, teresa clark, andrew ellison, dave beskar, lea-ann reikes, dr. Mark discher, and theresa krueger 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
Anthem Preparatory Academy
EIN
27-0375682
Phone
4808999181
Address
3102 N 56TH ST STE 300, PHOENIX, AZ 85018

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
2003
Legal Domicile
Az
Voting Board Members
5
Independent Board Members
1
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.”

Raw XML AppendixShowing 400 of 783 raw XML fields

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/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR THROUGH 6/22/15
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
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IRS990/InsuranceGrp/ManagementAndGeneralAmt03369
IRS990/InsuranceGrp/ProgramServicesAmt015227
IRS990/InsuranceGrp/TotalAmt018596
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0512454
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0423923
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0476481
IRS990/LandBldgEquipCostOrOtherBssAmt0988935
IRS990/LegalDomicileStateCd0AZ
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF ANTHEM PREPARATORY ACADEMY ("ACADEMY") IS TO EDUCATE STUDENTS FOR THE LIFELONG PURSUIT OF TRUTH, GOODNESS, AND BEAUTY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0870290
IRS990/NetAssetsOrFundBalancesEOYAmt01162534
IRS990/NetIncomeOrLossGrp/ExclusionAmt06218
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt06218
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt05605
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05605
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0204962
IRS990/OccupancyGrp/ProgramServicesAmt0781498
IRS990/OccupancyGrp/TotalAmt0986460
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt034897
IRS990/OfficeExpensesGrp/ProgramServicesAmt051939
IRS990/OfficeExpensesGrp/TotalAmt086836
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02000
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt06421
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt044495
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0344174
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0395090
IRS990/OtherExpensesGrp/Desc0FIELD TRIP EXPENSE
IRS990/OtherExpensesGrp/Desc1SCHOOL LUNCH PROGRAM EX
IRS990/OtherExpensesGrp/Desc2CO-CURRICULAR ACTIVITIE
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/FundraisingAmt023079
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02869
IRS990/OtherExpensesGrp/ProgramServicesAmt046759
IRS990/OtherExpensesGrp/ProgramServicesAmt165629
IRS990/OtherExpensesGrp/ProgramServicesAmt265420
IRS990/OtherExpensesGrp/ProgramServicesAmt353744
IRS990/OtherExpensesGrp/TotalAmt072707
IRS990/OtherExpensesGrp/TotalAmt165629
IRS990/OtherExpensesGrp/TotalAmt265420
IRS990/OtherExpensesGrp/TotalAmt353744
IRS990/OtherLiabilitiesGrp/BOYAmt0384279
IRS990/OtherLiabilitiesGrp/EOYAmt0527153
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt022071
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0464827
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02100674
IRS990/OtherSalariesAndWagesGrp/TotalAmt02587572
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt037919
IRS990/PayrollTaxesGrp/ProgramServicesAmt0166815
IRS990/PayrollTaxesGrp/TotalAmt0204734
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05470
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt012519
IRS990/PensionPlanContributionsGrp/TotalAmt017989
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt026980
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0560
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt080898
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt064786
IRS990/PrincipalOfficerNm0WARD HUSETH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/Desc0STATE EQUALIZATION
IRS990/ProgramServiceRevenueGrp/Desc1CO-CURRICULAR ACTIVITI
IRS990/ProgramServiceRevenueGrp/Desc2CLASSROOM SITE FUNDS
IRS990/ProgramServiceRevenueGrp/Desc3SCHOOL LUNCH PROGRAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04414454
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1275046
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2265787
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt370393
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04414454
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1275046
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2265787
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt370393
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0533441
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02037239
IRS990/PYOtherRevenueAmt070960
IRS990/PYProgramServiceRevenueAmt04647487
IRS990/PYRevenuesLessExpensesAmt0178744
IRS990/PYSalariesCompEmpBnftPaidAmt03035905
IRS990/PYTotalExpensesAmt05073144
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05251888
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0292244
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt05605
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05025680
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/EquipmentGrp/BookValueAmt0107094
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0161393
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0268487
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05298012
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0369387
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0351061
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0720448
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0365860
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1146933
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt214360
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED LEASE EXPENSE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEPOSITS HELD FOR OTHERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO RELATED PARTIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05590256
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0476481
IRS990ScheduleD/TotalExpensesPerForm990Amt05298012
IRS990ScheduleD/TotalLiabilityAmt0527153
IRS990ScheduleD/TotalRevenuePerForm990Amt05590256
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05590256
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05298012
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
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt012690
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0175861
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WARD HUSETH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0188551
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WARD HUSETH AS AN OFFICER OF GREAT HEARTS ACADEMIES HAS A BUSINESS RELATIONSHIP WITH ALLISON WESTERLIND, TERESA CLARK, ANDREW ELLISON, DAVE BESKAR, LEA-ANN REIKES, DR. MARK DISCHER, AND THERESA KRUEGER PAID EMPLOYEES OF GREAT HEARTS ACADEMIES.

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Filings

Displayed year

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

Open filing
Assets
$1,941,405
Liabilities
$778,871
Net assets
$1,162,534
Revenue
$5,590,256
Expenses
$5,298,012
Net income
$292,244
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$28.2$23.8$4.45$11.9$11.8$0.07
2024Detailed filing. Detailed filing data is available for this year.$28.7$24.4$4.30$11.8$11.4$0.34
2023Detailed filing. Detailed filing data is available for this year.$28.9$25.1$3.86$11.9$11.4$0.48
2022Detailed filing. Detailed filing data is available for this year.$4.52$1.20$3.31$8.01$7.58$0.42
2021Detailed filing. Detailed filing data is available for this year.$5.41$2.36$3.05$7.53$7.32$0.21
2020Detailed filing. Detailed filing data is available for this year.$3.54$0.77$2.77$7.17$6.97$0.20
2019Detailed filing. Detailed filing data is available for this year.$3.56$1.03$2.53$7.11$6.88$0.24
2018Detailed filing. Detailed filing data is available for this year.$2.97$0.71$2.25$6.69$6.46$0.23
2017Detailed filing. Detailed filing data is available for this year.$2.71$0.70$2.02$6.40$5.99$0.42
2016Detailed filing. Detailed filing data is available for this year.$2.33$0.75$1.58$6.18$5.76$0.42
2015Detailed filing. Detailed filing data is available for this year.$1.94$0.78$1.16$5.59$5.30$0.29
2014Detailed filing. Detailed filing data is available for this year.$1.53$0.66$0.87$5.25$5.07$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.46$0.69$3.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.52$0.51$3.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.20$0.13$2.08