Civic Intelligence

Trivium Preparatory Academy

990 • Fiscal year 2015 • EIN 27-3289295

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

Organization ProfileWWW.TRIVIUMPREP.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

56th percentile

0.15x

Higher debt load relative to assets than 56% of similar nonprofits.

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

Liabilities / Revenue

42nd percentile

0.07x

Higher debt load relative to revenue than 42% of similar nonprofits.

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

Net Margin

68th percentile

10%

Higher net margin than 68% 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 6.9% of source-year revenue.

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

Asset Growth

85th percentile

27%

Faster asset growth than 85% of similar nonprofits.

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

Revenue Growth

85th percentile

39%

Faster revenue growth than 85% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$1,319,219

Up $280,411 (+27%) from 2014

Net Assets

Up

$1,118,039

Up $274,101 (+32%) from 2014

Liabilities

Up

$201,180

Up $6,310 (+3.2%) from 2014

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin68th percentile

Revenue

Up

$2,729,184

Up $760,914 (+39%) from 2014

Expenses

Up

$2,455,083

Up $576,275 (+31%) from 2014

Net Income

Up

$274,101

Up $184,639 (+206%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$30M$20M$10M$0Assets 2012: $432,611Liabilities 2012: $59,686Net Assets 2012: $372,9252012Assets 2014: $1,038,808Liabilities 2014: $194,870Net Assets 2014: $843,9382014Assets 2015: $1,319,219Liabilities 2015: $201,180Net Assets 2015: $1,118,0392015Assets 2016: $1,463,566Liabilities 2016: $279,319Net Assets 2016: $1,184,2472016Assets 2017: $1,548,424Liabilities 2017: $204,790Net Assets 2017: $1,343,6342017Assets 2018: $1,755,144Liabilities 2018: $311,600Net Assets 2018: $1,443,5442018Assets 2019: $2,043,516Liabilities 2019: $490,966Net Assets 2019: $1,552,5502019Assets 2020: $2,229,273Liabilities 2020: $549,755Net Assets 2020: $1,679,5182020Assets 2021: $2,651,417Liabilities 2021: $539,494Net Assets 2021: $2,111,9232021Assets 2024: $20,591,840Liabilities 2024: $17,238,369Net Assets 2024: $3,353,4712024

Highlighted filing

2015

Assets$1,319,219
Liabilities$201,180
Net Assets$1,118,039
Open 2015 Filing

Operations Trend

Revenue Growth85th percentile

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

$15M$10M$5.0M$0Expenses 2012: $708,9822012Revenue 2014: $1,968,270Expenses 2014: $1,878,808Net Income 2014: $89,4622014Revenue 2015: $2,729,184Expenses 2015: $2,455,083Net Income 2015: $274,1012015Revenue 2016: $3,937,724Expenses 2016: $3,871,516Net Income 2016: $66,2082016Revenue 2017: $5,287,995Expenses 2017: $5,134,326Net Income 2017: $153,6692017Revenue 2018: $6,296,645Expenses 2018: $6,197,834Net Income 2018: $98,8112018Revenue 2019: $7,155,405Expenses 2019: $7,060,678Net Income 2019: $94,7272019Revenue 2020: $7,996,435Expenses 2020: $7,882,531Net Income 2020: $113,9042020Revenue 2021: $8,644,907Expenses 2021: $8,237,503Net Income 2021: $407,4042021Revenue 2024: $10,523,454Expenses 2024: $10,414,801Net Income 2024: $108,6532024

Highlighted filing

2015

Revenue$2,729,184
Expenses$2,455,083
Net Income$274,101
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
$2,729,184
Mission and Program Overview

Mission

A trivium 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 trivium 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$750,347$999,049▲ $248,702
Land, Buildings, and Equipment, Net$231,364$165,744▼ $65,620
Prepaid Expenses and Deferred Charges$28,151$36,109▲ $7,958
Accounts Receivable$4,247$22,997▲ $18,750
Total Assets$1,038,808$1,319,219▲ $280,411
Other Assets Total$24,699$95,320▲ $70,621
Liabilities
Accounts Payable and Accrued Expenses$86,827$113,836▲ $27,009
Other Liabilities$84,740$79,470▼ $5,270
Deferred Revenue$23,303$7,874▼ $15,429
Total Liabilities$194,870$201,180▲ $6,310
Net Assets / Fund Balance
Unrestricted Net Assets$843,938$1,118,039▲ $274,101
Total Net Assets Fund Balance$843,938$1,118,039▲ $274,101
Total Liabilities and Net Assets / Fund Balance$1,038,808$1,319,219▲ $280,411

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$158,708$193,594$352,302
Leasehold Improvements$7,036$32,963$39,999
Other Assets Org$145--
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Andrew EllisonPresident and Secretary-$128,575$128,575
David BeskarHeadmasterFT$92,650$92,650
Lea-ann ReikesDirector-$90,474$90,474
Kevin TopperDirector-$84,350$84,350
Jerilyn OlsonVice President-$78,217$78,217
Diane BishopDirector-$78,210$78,210
Thomas DoeblerDirector-$63,852$63,852
Heidi VasiloffHeadmasterFT$39,833$39,833

Board Members and Trustees

NameTitle
Ward HusethCFO

Highest Paid Contractors

ContractorServicesLocationCompensation
Great Hearts AcademiesManagement Services3102 N 56TH ST STE 300, Phoenix, AZ 85018$198,442
Revenue and Support

Revenue Composition

Contributions and Grants
$261,993
Program Service Revenue
$2,465,841
Investment Income
$0
Other Revenue
$1,350
All Other Contributions
$238,736
Change in Net Assets
$274,101

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,729,184
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,729,184
Total Revenue per Form 990
$2,729,184
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,569,742
Other Expenses$885,341
Total Fundraising Expense$20,264
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,022,125$242,596$13,341$1,278,062
Occupancy$222,386$63,987-$286,373
Fees for Services Management-$198,442-$198,442
Other Employee Benefits$160,886$18,920$1,873$181,679
Payroll Taxes$80,702$20,154-$100,856
Depreciation Depletion$67,600$16,045-$83,645
Office Expenses$44,757$17,124-$61,881
Fees for Services Other$26,751$24,740-$51,491
Other Expenses$9,813$5,071$5,050$19,934
Information Technology$3,390$13,361-$16,751
All Other Expenses$4,739$10,386-$15,125
Fees for Services Accounting$8,405$1,995-$10,400
Pension Plan Contributions$7,319$1,826-$9,145
Insurance$6,671$1,583-$8,254
Conferences and Meetings$4,644$2,290-$6,934
Fees for Services Legal-$422-$422
Advertising-$62-$62
Travel-$20-$20
Total Functional Expenses$1,795,795$639,024$20,264$2,455,083

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,455,083
Total Expenses per Audited Statements$2,455,083
Total Expenses per Form 990$2,455,083
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
Deposits Held for Others$63,375
Due to Related Party$16,095
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 heidi vasiloff, david beskar, diane bishop, jerilyn olson, andrew ellison, lea-ann reikes, kevin topper and thomas doebler 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
Trivium Preparatory Academy
EIN
27-3289295
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
2010
Legal Domicile
Az
Voting Board Members
6
Independent Board Members
0
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 781 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/MissionDesc0THE MISSION OF TRIVIUM PREPARATORY ACADEMY ("ACADEMY") IS TO EDUCATE STUDENTS FOR THE LIFELONG PURSUIT OF TRUTH, GOODNESS, AND BEAUTY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0843938
IRS990/NetAssetsOrFundBalancesEOYAmt01118039
IRS990/NetIncomeOrLossGrp/ExclusionAmt01350
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01350
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt063987
IRS990/OccupancyGrp/ProgramServicesAmt0222386
IRS990/OccupancyGrp/TotalAmt0286373
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017124
IRS990/OfficeExpensesGrp/ProgramServicesAmt044757
IRS990/OfficeExpensesGrp/TotalAmt061881
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt024699
IRS990/OtherAssetsTotalGrp/EOYAmt095320
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01873
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt018920
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0160886
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0181679
IRS990/OtherExpensesGrp/Desc0CO-CURRICULAR ACTIVITIE
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2SCHOOL LUNCH PROGRAM EX
IRS990/OtherExpensesGrp/Desc3FIELD TRIP EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt05050
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05071
IRS990/OtherExpensesGrp/ProgramServicesAmt082890
IRS990/OtherExpensesGrp/ProgramServicesAmt122202
IRS990/OtherExpensesGrp/ProgramServicesAmt220515
IRS990/OtherExpensesGrp/ProgramServicesAmt39813
IRS990/OtherExpensesGrp/TotalAmt082890
IRS990/OtherExpensesGrp/TotalAmt122202
IRS990/OtherExpensesGrp/TotalAmt220515
IRS990/OtherExpensesGrp/TotalAmt319934
IRS990/OtherLiabilitiesGrp/BOYAmt084740
IRS990/OtherLiabilitiesGrp/EOYAmt079470
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt013341
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0242596
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01022125
IRS990/OtherSalariesAndWagesGrp/TotalAmt01278062
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt020154
IRS990/PayrollTaxesGrp/ProgramServicesAmt080702
IRS990/PayrollTaxesGrp/TotalAmt0100856
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01826
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt07319
IRS990/PensionPlanContributionsGrp/TotalAmt09145
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt028151
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036109
IRS990/PrincipalOfficerNm0WARD HUSETH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/Desc0STATE EQUALIZATION
IRS990/ProgramServiceRevenueGrp/Desc1CLASSROOM SITE FUNDS
IRS990/ProgramServiceRevenueGrp/Desc2CO-CURRICULAR ACTIVITI
IRS990/ProgramServiceRevenueGrp/Desc3SCHOOL LUNCH PROGRAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02197785
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1136821
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2119424
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt311811
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02197785
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1136821
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2119424
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt311811
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0183887
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0844107
IRS990/PYOtherRevenueAmt040914
IRS990/PYProgramServiceRevenueAmt01743469
IRS990/PYRevenuesLessExpensesAmt089462
IRS990/PYSalariesCompEmpBnftPaidAmt01034701
IRS990/PYTotalExpensesAmt01878808
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01968270
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0274101
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02465841
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/BookValueAmt0158708
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0193594
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0352302
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02455083
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07036
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt032963
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt039999
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt095175
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1145
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt063375
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt116095
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS HELD FOR OTHERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED PARTY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02729184
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0165744
IRS990ScheduleD/TotalBookValueOtherAssetsAmt095320
IRS990ScheduleD/TotalExpensesPerForm990Amt02455083
IRS990ScheduleD/TotalLiabilityAmt079470
IRS990ScheduleD/TotalRevenuePerForm990Amt02729184
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02729184
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02455083
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 HEIDI VASILOFF, DAVID BESKAR, DIANE BISHOP, JERILYN OLSON, ANDREW ELLISON, LEA-ANN REIKES, KEVIN TOPPER AND THOMAS DOEBLER 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
$1,319,219
Liabilities
$201,180
Net assets
$1,118,039
Revenue
$2,729,184
Expenses
$2,455,083
Net income
$274,101
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.6$17.2$3.35$10.5$10.4$0.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.65$0.54$2.11$8.64$8.24$0.41
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.23$0.55$1.68$8.00$7.88$0.11
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$0.49$1.55$7.16$7.06$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.76$0.31$1.44$6.30$6.20$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.55$0.20$1.34$5.29$5.13$0.15
2016Detailed filing. Detailed filing data is available for this year.$1.46$0.28$1.18$3.94$3.87$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.32$0.20$1.12$2.73$2.46$0.27
2014Detailed filing. Detailed filing data is available for this year.$1.04$0.19$0.84$1.97$1.88$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.06$0.37$0.71
Peer Organizations

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