Civic Intelligence

Ask Academy Education Foundation

990 • Fiscal year 2024 • EIN 27-4508062

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 10, 2025

4550 Sundt Rd NERio Rancho, NM 87124

(505) 891-0757

Siviq Scores

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

Liabilities / Assets

89th percentile

1.00x

Higher debt load relative to assets than 89% of similar nonprofits.

2024 filings • NTEE B • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

14.73x

Higher debt load relative to revenue than 97% of similar nonprofits.

2024 filings • NTEE B • $10M-$25M nonprofits • Source year 2024

Net Margin

75th percentile

17%

Higher net margin than 75% of similar nonprofits.

2024 filings • NTEE B • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

39th percentile

$135,493

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 13.4% of source-year revenue.

2024 filings • NTEE B • $10M-$25M nonprofits • Source year 2024

Asset Growth

97th percentile

145%

Faster asset growth than 97% of similar nonprofits.

2024 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

44%

Faster revenue growth than 86% of similar nonprofits.

2024 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$14,877,907

Up $8,808,895 (+145%) from 2023

Net Assets

Up

-$38,178

Up $169,326 (+82%) from 2023

Liabilities

Up

$14,916,085

Up $8,639,569 (+138%) from 2023

Revenue

Up

$1,012,783

Up $309,513 (+44%) from 2023

Expenses

Up

$843,457

Up $69,224 (+8.9%) from 2023

Net Income

Up

$169,326

Up $240,289 (+339%) from 2023

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2021: $5,934,192Liabilities 2021: $5,884,484Net Assets 2021: $49,7082021Assets 2022: $6,157,323Liabilities 2022: $6,151,900Net Assets 2022: $5,4232022Assets 2023: $6,069,012Liabilities 2023: $6,276,516Net Assets 2023: -$207,5042023Assets 2024: $14,877,907Liabilities 2024: $14,916,085Net Assets 2024: -$38,1782024

Highlighted filing

2024

Assets$14,877,907
Liabilities$14,916,085
Net Assets-$38,178

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2021: $634,238Expenses 2021: $579,140Net Income 2021: $55,0982021Revenue 2022: $989,939Expenses 2022: $1,034,224Net Income 2022: -$44,2852022Revenue 2023: $703,270Expenses 2023: $774,233Net Income 2023: -$70,9632023Revenue 2024: $1,012,783Expenses 2024: $843,457Net Income 2024: $169,3262024

Highlighted filing

2024

Revenue$1,012,783
Expenses$843,457
Net Income$169,326
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$1,012,783
Mission and Program Overview

Mission

The ASK Academy Education Foundation was founded for the sole support and benefit of The ASK Academy Charter School, in the State of New Mexico. The Foundation's most significant activities are fundraising for the school and purchasing the school's facility.

The ask academy education foundation is a 501(c)(3) organization that was founded to support the ask academy, a public charter school in the state of new mexico. The foundation's most significant activity was purchasing the school's facility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,039,821$9,922,580▲ $8,882,759
Land, Buildings, and Equipment, Net$5,029,191$4,896,225▼ $132,966
Cash and Non-Interest-Bearing Accounts-$59,102-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-207,504$-38,178▲ $169,326
Total Assets$6,069,012$14,877,907▲ $8,808,895
Liabilities
Mortgage Notes Payable Secured by Investment Property$462,349$9,237,335▲ $8,774,986
Tax Exempt Bond Liabilities$5,814,167$5,678,750▼ $135,417
Total Liabilities$6,276,516$14,916,085▲ $8,639,569
Net Assets / Fund Balance
Total Net Assets Fund Balance$-207,504$-38,178▲ $169,326
Total Liabilities and Net Assets / Fund Balance$6,069,012$14,877,907▲ $8,808,895

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,086,776$1,098,901$5,185,677
Land$809,449-$809,449
Compensation and Service Providers

Employees

NameTitleOtherTotal
Kimberly AyresSchool Staff Representative$135,493$135,493

Board Members and Trustees

NameTitle
Pepper PoolePresident/Director (through June 2025)
Michael WrightSecretary/director
Parisa WrightTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$1,391
Program Service Revenue
$961,053
Investment Income
$43,629
Other Revenue
$6,710
All Other Contributions
$1,391
Change in Net Assets
$169,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$843,457
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$379,436--$379,436
Depreciation Depletion$132,966--$132,966
Insurance$17,689--$17,689
All Other Expenses-$6,938-$6,938
Fees for Service Investment Mgmnt Fees-$5,090-$5,090
Other Expenses$1,748--$1,748
Office Expenses-$75-$75
Total Functional Expenses$831,354$12,103$0$843,457
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
BPublic Finance Authority2024-12-20$7,100,250Financing of public charter school facility; refund prior bond
APublic Finance Authority2015-02-05$6,870,792Construction of public charter school

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$7,100,250--$142,005
A$6,870,792--$426,564

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
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Part VI, Section A, Line 2

Parisa wright and michael wright, family relationship

Form 990, Part VI, Section B, Line 11B

The form 990 was drafted and submitted to the board president and treasurer/director. These officers reviewed the draft and a final form 990 was approved, signed and submitted. A copy was presented to the members of the board.

Form 990, Part VI, Section B, Line 12C

The organization is a small entity and conflicts of interest are constantly monitored as the foundation is annually audited as a component unit of a public charter school. The auditors also review for conflicts of interest.

Form 990, Part VI, Section C, Line 19

All documents are available at the public charter school offices.

Filing and Contact Details

Filer

Filer Name
Ask Academy Education Foundation
EIN
27-4508062
Phone
5058910757
Address
4550 SUNDT RD NE, RIO RANCHO, NM 87124

Signing Officer

Name
Kimberly Ayres
Title
Secretary
Phone
5058910757
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Ayres
Formed
2013
Legal Domicile
Nm
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
6565 AMERICAS PARKWAY NE STE 600, ALBUQUERQUE, NM 87110
Preparer
Steven Talbot
Phone
5058787200
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

The foundation ceased its program to sponsor fundraising activities within the school community to raise money for various student academic and athletic/activity clubs. The fundraisers are now being run through the school.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION SUPPORTS A PUBLIC CHARTER SCHOOL, WHICH IS NOT REQUIRED TO OBTAIN RECOGNITION OF ITS PUBLIC CHARITY STATUS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE $831,354 REPRESENTS THE PROGRAM SERVICES PROVIDED BY THE ASK ACADEMY EDUCATION FOUNDATION TO ITS SUPPORTED ORGANIZATION, THE ASK ACADEMY.
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd11
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02015-02-05
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12024-12-20
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0273866124
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1273866124
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum000074443D
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum1000000000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt06870792
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt17100250
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0PUBLIC FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1PUBLIC FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd11
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0CONSTRUCTION OF PUBLIC CHARTER SCHOOL
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1FINANCING OF PUBLIC CHARTER SCHOOL FACILITY; REFUND PRIOR BOND
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusConcerningUBIPct00.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusConcerningUBIPct10.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusUseByOthersPct00.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusUseByOthersPct10.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd11
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/TotalPrivateBusinessUsePct00.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/TotalPrivateBusinessUsePct10.00000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd11
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt05653
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt0314227
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd11
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0480000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt1280936
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0426564
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt1142005
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd11
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02016
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr12016
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt06870792
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt17100250
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION CEASED ITS PROGRAM TO SPONSOR FUNDRAISING ACTIVITIES WITHIN THE SCHOOL COMMUNITY TO RAISE MONEY FOR VARIOUS STUDENT ACADEMIC AND ATHLETIC/ACTIVITY CLUBS. THE FUNDRAISERS ARE NOW BEING RUN THROUGH THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PARISA WRIGHT AND MICHAEL WRIGHT, FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WAS DRAFTED AND SUBMITTED TO THE BOARD PRESIDENT AND TREASURER/DIRECTOR. THESE OFFICERS REVIEWED THE DRAFT AND A FINAL FORM 990 WAS APPROVED, SIGNED AND SUBMITTED. A COPY WAS PRESENTED TO THE MEMBERS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION IS A SMALL ENTITY AND CONFLICTS OF INTEREST ARE CONSTANTLY MONITORED AS THE FOUNDATION IS ANNUALLY AUDITED AS A COMPONENT UNIT OF A PUBLIC CHARTER SCHOOL. THE AUDITORS ALSO REVIEW FOR CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL DOCUMENTS ARE AVAILABLE AT THE PUBLIC CHARTER SCHOOL OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE ASK ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0271399911
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0115
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04550 SUNDT RD NE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0RIO RANCHO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd087124
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt05814167
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt05678750
IRS990/TaxExemptBondsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06069012
IRS990/TotalAssetsEOYAmt014877907
IRS990/TotalAssetsGrp/BOYAmt06069012
IRS990/TotalAssetsGrp/EOYAmt014877907
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01391
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012103
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0831354
IRS990/TotalFunctionalExpensesGrp/TotalAmt0843457
IRS990/TotalGrossUBIAmt00

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