Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
EIN 38-3761128 • 501(c)3 • Chandler, AZ
Profile
To provide students and families we serve with high quality college preparatory education programs.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
Liabilities / Revenue
90th percentile
Higher debt load relative to revenue than 90% of similar nonprofits.
Net Margin
52nd percentile
Higher net margin than 52% of similar nonprofits.
Top Officer Pay
69th percentile
Higher top officer pay than 69% of similar nonprofits.
Top officer pay equals 4.4% of source-year revenue.
Asset Growth
33rd percentile
Faster asset growth than 33% of similar nonprofits.
Revenue Growth
58th percentile
Faster revenue growth than 58% of similar nonprofits.
Assets
Down$7,971,968
Down $73,871 (-0.9%) from 2023
Liabilities
Down$7,837,306
Down $282,775 (-3.5%) from 2023
Net Assets
Up$134,662
Up $208,904 (+281%) from 2023
Revenue
Up$4,167,571
Up $431,705 (+12%) from 2023
Expenses
Up$3,958,667
Up $449,363 (+13%) from 2023
Net Income
Down$208,904
Down $17,658 (-7.8%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
To provide students and families we serve with high quality college preparatory education programs.
To provide students and families we serve with high quality college preparatory education programs
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $701,791 | $1,007,418 | ▲ $305,627 |
| Land, Buildings, and Equipment, Net | $290,048 | $340,524 | ▲ $50,476 |
| Pledges and Grants Receivable | $206,139 | $15,469 | ▼ $190,670 |
| Prepaid Expenses and Deferred Charges | $10,615 | - | - |
| Total Assets | $8,045,839 | $7,971,968 | ▼ $73,871 |
| Other Assets Total | $6,837,246 | $6,608,557 | ▼ $228,689 |
| Liabilities | |||
| Other Liabilities | $7,892,858 | $7,593,066 | ▼ $299,792 |
| Accounts Payable and Accrued Expenses | $227,223 | $244,240 | ▲ $17,017 |
| Total Liabilities | $8,120,081 | $7,837,306 | ▼ $282,775 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $-74,242 | $134,662 | ▲ $208,904 |
| Net Assets With Donor Restrictions | $0 | $0 | → $0 |
| Total Net Assets Fund Balance | $-74,242 | $134,662 | ▲ $208,904 |
| Total Liabilities and Net Assets / Fund Balance | $8,045,839 | $7,971,968 | ▼ $73,871 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $296,244 | $65,411 | $361,655 |
| Equipment | $44,280 | $210,683 | $254,963 |
| Other Land Buildings | $0 | $0 | $0 |
| Land | $0 | - | $0 |
| Leasehold Improvements | $0 | $0 | $0 |
| Other Assets Org | $10,615 | - | - |
| Name | Title |
|---|---|
| Zyzick Owens | Director/Vice President |
| KJ Weihing | Vice President of Finance |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $2,212,825 |
| Other Expenses | $1,745,842 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,948,745 | $24,838 | - | $1,973,583 |
| Occupancy | $788,186 | - | - | $788,186 |
| Fees for Services Other | $333,684 | - | - | $333,684 |
| Depreciation Depletion | $234,404 | - | - | $234,404 |
| Payroll Taxes | $137,464 | $1,837 | - | $139,301 |
| Fees for Services Management | - | $109,691 | - | $109,691 |
| Fees for Services Accounting | - | $109,690 | - | $109,690 |
| Other Employee Benefits | $99,941 | - | - | $99,941 |
| Office Expenses | $76,979 | $8,662 | - | $85,641 |
| Information Technology | $84,546 | - | - | $84,546 |
| Total Functional Expenses | $3,703,949 | $254,718 | $0 | $3,958,667 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $3,958,667 |
| Total Expenses per Audited Statements | $3,958,667 |
| Total Expenses per Form 990 | $3,958,667 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Other Expense Adjustments | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Finance lease payable | $7,043,486 |
| Loan payable related party | $321,673 |
| Due to related party | $227,907 |
“The School has one Member; the Member appoints individuals to serve as directors on the Board of Directors. Additionally, the Member can remove any director.”
“The School has one Member; the Member appoints individuals to serve as directors on the Board of Directors. Additionally, the Member can remove any director. Also, decisions in the following areas must be approved by the Member prior to implementation by the Board of Directors: Any substantive amendment to any charter held by the Corporation; Any finance transaction involving financial commitments in the excess of $50,000; Amendment to the Bylaws or the Articles.”
“The VP of Finance receives the Form 990 from the CPA. All board members receive the Form 990 directly from the VP. The return is read for accuracy and questions or concerns are addressed prior to filing.”
“The Organization submits it's annual financial statements at the Charter Board's website for public viewing as soon as the Charter Board posts it. Governing documents are available to the public upon written request and the Organization has 10 business days to fulfill the request. Additionally, some governing documents are available on the Arizona Corporation Commission website.”
“Uncertain Tax Positions - The School accounts for uncertain tax positions, if any, in accordance with FASB Accounting Standards Codification Section 740. In accordance with these professional standards the School recognizes tax positions only to the extent that Management believes it is "more likely than not" that its tax positions will be sustained upon IRS examination. Management believes that it has no uncertain tax positions for the year ended June 30, 2024”
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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| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Finance lease- right of use asset |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 227907 |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | Uncertain Tax Positions - The School accounts for uncertain tax positions, if any, in accordance with FASB Accounting Standards Codification Section 740. In accordance with these professional standards the School recognizes tax positions only to the extent that Management believes it is "more likely than not" that its tax positions will be sustained upon IRS examination. Management believes that it has no uncertain tax positions for the year ended June 30, 2024 |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule D, Part X, Line 2 |
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| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 3958667 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 7593066 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 4167571 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 4167571 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 3958667 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | 1 |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | 1 |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | 0 |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | 1 |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | 0 |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | 0 |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | 1 |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | 0 |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | The School is an Arizona public charter school. As such, discrimination is prohibited and all Arizona residents are aware that public schools cannot discriminate in any manner. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | The School does not provide scholarships or other financial assistance. The School also does not maintain racial composition of faculty/staff; only student composition is kept. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 2 | The School receives monthly aid payments and grants from the State of Arizona based on the number of students enrolled and attending. The School also received 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/FormAndLineReferenceDesc | 0 | Schedule E, Part I, Line 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Schedule E, Part I, Line 4 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Schedule E, Part I, Line 6 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | 0 |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 178117 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 1 | 168125 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 5280 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 1 | 5280 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | Zyzick Owens |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 1 | KJ Weihing |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | Director/Vice President |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 1 | Vice President of Finance |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 1 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 183397 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 1 | 173405 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990ScheduleJ/WrittenEmploymentContractInd | 0 | X |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The School has one Member; the Member appoints individuals to serve as directors on the Board of Directors. Additionally, the Member can remove any director. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The School has one Member; the Member appoints individuals to serve as directors on the Board of Directors. Additionally, the Member can remove any director. Also, decisions in the following areas must be approved by the Member prior to implementation by the Board of Directors: Any substantive amendment to any charter held by the Corporation; Any finance transaction involving financial commitments in the excess of $50,000; Amendment to the Bylaws or the Articles. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The VP of Finance receives the Form 990 from the CPA. All board members receive the Form 990 directly from the VP. The return is read for accuracy and questions or concerns are addressed prior to filing. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | The Organization submits it's annual financial statements at the Charter Board's website for public viewing as soon as the Charter Board posts it. Governing documents are available to the public upon written request and the Organization has 10 business days to fulfill the request. Additionally, some governing documents are available on the Arizona Corporation Commission website. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section A, Line 7a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section A, Line 7b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section B, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section C, Line 19 |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 1 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 2 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 3 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 4 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 0 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 1 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 2 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 3 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 4 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | Vector School District |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 1 | Skyline Education Inc |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 2 | South Phoenix Academy Inc |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 3 | South Valley Academy Inc |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 4 | Skyline Schools Inc |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 371546933 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 1 | 270637062 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 2 | 260637374 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 3 | 260637432 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 4 | 860986288 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501 C 3 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 1 | 501 C 3 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 2 | 501 C 3 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 3 | 501 C 3 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 4 | 501 C 3 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | AZ |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 1 | AZ |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 2 | AZ |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 3 | AZ |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 4 | AZ |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | Charter School |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 1 | Education services |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 2 | Charter School |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 3 | Charter School |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 4 | Charter School |
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