Civic Intelligence

Sonoran Schools

990 • Fiscal year 2020 • EIN 45-2210319

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 01, 2020

1489 W Elliot RdGilbert, AZ 85233

(480) 940-5440

Siviq Scores

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

Liabilities / Assets

98th percentile

1.56x

Higher debt load relative to assets than 98% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

54th percentile

0.25x

Higher debt load relative to revenue than 54% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

18th percentile

-13%

Higher net margin than 18% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

39th percentile

$98,729

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

95th percentile

102%

Faster asset growth than 95% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

47th percentile

0.6%

Faster revenue growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,082,295

Up $545,233 (+102%) from 2019

Net Assets

Down

-$603,061

Down $899,840 (-303%) from 2019

Liabilities

Up

$1,685,356

Up $1,445,073 (+601%) from 2019

Revenue

Up

$6,839,302

Up $41,211 (+0.6%) from 2019

Expenses

Up

$7,739,142

Up $1,170,144 (+18%) from 2019

Net Income

Down

-$899,840

Down $1,128,933 (-493%) from 2019

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2013: $686,247Liabilities 2013: $686,247Net Assets 2013: $02013Assets 2014: $1,151,470Liabilities 2014: $1,172,927Net Assets 2014: -$21,4572014Assets 2015: $1,307,876Liabilities 2015: $1,344,622Net Assets 2015: -$36,7462015Assets 2016: $993,703Liabilities 2016: $966,848Net Assets 2016: $26,8552016Assets 2017: $145,791Liabilities 2017: $180,341Net Assets 2017: -$34,5502017Assets 2018: $1,196,862Liabilities 2018: $1,129,176Net Assets 2018: $67,6862018Assets 2019: $537,062Liabilities 2019: $240,283Net Assets 2019: $296,7792019Assets 2020: $1,082,295Liabilities 2020: $1,685,356Net Assets 2020: -$603,0612020Assets 2021: $1,560,601Liabilities 2021: $190,184Net Assets 2021: $1,370,4172021Assets 2022: $2,073,129Liabilities 2022: $657,675Net Assets 2022: $1,415,4542022Assets 2023: $5,228,754Liabilities 2023: $622,760Net Assets 2023: $4,605,9942023Assets 2024: $6,066,514Liabilities 2024: $786,322Net Assets 2024: $5,280,1922024

Highlighted filing

2020

Assets$1,082,295
Liabilities$1,685,356
Net Assets-$603,061

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2013: $5,634,733Expenses 2013: $5,453,471Net Income 2013: $181,2622013Revenue 2014: $5,542,091Expenses 2014: $5,536,701Net Income 2014: $5,3902014Revenue 2015: $4,815,407Expenses 2015: $4,830,696Net Income 2015: -$15,2892015Revenue 2016: $5,465,902Expenses 2016: $5,452,442Net Income 2016: $13,4602016Revenue 2017: $5,853,941Expenses 2017: $5,915,272Net Income 2017: -$61,3312017Revenue 2018: $5,602,916Expenses 2018: $5,500,421Net Income 2018: $102,4952018Revenue 2019: $6,798,091Expenses 2019: $6,568,998Net Income 2019: $229,0932019Revenue 2020: $6,839,302Expenses 2020: $7,739,142Net Income 2020: -$899,8402020Revenue 2021: $10,419,569Expenses 2021: $8,446,091Net Income 2021: $1,973,4782021Revenue 2022: $10,071,225Expenses 2022: $10,256,892Net Income 2022: -$185,6672022Revenue 2023: $14,137,764Expenses 2023: $10,947,224Net Income 2023: $3,190,5402023Revenue 2024: $12,017,942Expenses 2024: $11,343,744Net Income 2024: $674,1982024

Highlighted filing

2020

Revenue$6,839,302
Expenses$7,739,142
Net Income-$899,840
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 1, 2020
Return Version
2019v5.1
Gross Receipts
$6,839,302
Mission and Program Overview

Mission

Providing management and payroll services to charter schools.

To provide operations support which consist of employee leasing, and related payroll services and management services to charter schools

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$80,631$543,431▲ $462,800
Accounts Receivable$448,219$529,879▲ $81,660
Prepaid Expenses and Deferred Charges-$3,517-
Land, Buildings, and Equipment, Net$4,712$1,968▼ $2,744
Total Assets$537,062$1,082,295▲ $545,233
Other Assets Total$3,500$3,500→ $0
Liabilities
Unsecured Notes Loans Payable-$1,531,890-
Accounts Payable and Accrued Expenses$240,283$153,466▼ $86,817
Total Liabilities$240,283$1,685,356▲ $1,445,073
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$296,779$-603,061▼ $899,840
Total Net Assets Fund Balance$296,779$-603,061▼ $899,840
Total Liabilities and Net Assets / Fund Balance$537,062$1,082,295▲ $545,233

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,968$61,532$63,500
Buildings$0--
Other Land Buildings$0--
Land$0--
Equipment$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Fatih KaratasChief Executive OfficerFT$98,729$98,729
Kevin FortChief Financial OfficerFT$49,117$49,117
Clint FarlingerChief Financial OfficerFT$4,962$4,962

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,546,488
Investment Income
$0
Other Revenue
$292,814
Change in Net Assets
$-899,840

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,839,302
Total Revenue per Audited Statements
$6,839,302
Total Revenue per Form 990
$6,839,302
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,324,874
Other Expenses$414,268
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,405,794$1,232,601$0$6,638,395
Other Employee Benefits$235$333,457$0$333,692
Payroll Taxes$72,951$93,015$0$165,966
Current Officers, Directors, Trustees, and Key Employees$0$95,337$0$95,337
Pension Plan Contributions$0$91,484$0$91,484
Office Expenses$1,110$81,603$0$82,713
Fees for Services Legal$0$72,593$0$72,593
Occupancy$60,912$7,765$0$68,677
Other Expenses$133$50,853$0$50,986
Travel$0$37,355$0$37,355
Information Technology$0$30,942$0$30,942
Fees for Services Accounting$0$23,778$0$23,778
Conferences and Meetings$765$20,457$0$21,222
Insurance$15,246$1,326$0$16,572
Advertising$0$6,687$0$6,687
Depreciation Depletion$2,743$0$0$2,743
Total Functional Expenses$5,559,889$2,179,253$0$7,739,142

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,739,142
Total Expenses per Audited Statements$7,739,142
Total Expenses per Form 990$7,739,142
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Filing and Contact Details

Filer

Filer Name
Sonoran Schools
EIN
45-2210319
Phone
4809405440
Address
1489 W ELLIOT RD, GILBERT, AZ 85233

Signing Officer

Name
Fatih Karatas
Title
Chief Executive Officer
Phone
4809405440
Signed
2020-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fatih Karatas
Formed
2011
Legal Domicile
Az
Voting Board Members
2
Independent Board Members
2
Employees
206
Volunteers
0

Preparer

Firm
Dobridge & Company Pc
Address
1930 S ALMA SCHOOL RD SUITE A214, MESA, AZ 85210
Preparer
Dallas Siler
Phone
4802922954
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The 990 is reviewed and approved by the CEO and CFO prior to submission to the IRS. Once accepted the final audit and 990 is presented to the board, who then reviews as well. If any changes are necessary, an amended return will be submitted to the IRS.

Pt VI, Line 12C

On an annual basis, the members of the board of directors sign a disclosure statement identifying any relationships, positions, or circumstances which would give rise to a conflict of interest. The reviews occur throughout the year.

Pt VI, Line 19

Governing documents and policies are available upon request, and available at the school's office during normal business hours.

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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/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt06787069
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0384775
IRS990/PYOtherRevenueAmt011022
IRS990/PYRevenuesLessExpensesAmt0229093
IRS990/PYSalariesCompEmpBnftPaidAmt06184223
IRS990/PYTotalExpensesAmt06568998
IRS990/PYTotalRevenueAmt06798091
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-899840
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt06839302
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part III, Line 12 Description: Other Income 2015: 8331. 2016: 4847. 2017: 1230. 2018: 12154. 2019: 11022.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt III Ln 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt06787069
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05590762
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt05852711
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt05461055
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt04807076
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt028498673
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt011022
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt012154
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01230
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt04847
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt08331
IRS990ScheduleA/OtherIncome509Grp/TotalAmt037584
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99870
IRS990ScheduleA/PublicSupportTotal509Amt028498673
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt06787069
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05590762
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt05852711
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt05461055
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt04807076
IRS990ScheduleA/Total509Grp/TotalAmt028498673
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt028536257
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07739142
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01968
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt061532
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt063500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/RevenueSubtotalAmt06839302
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01968
IRS990ScheduleD/TotalExpensesPerForm990Amt07739142
IRS990ScheduleD/TotalRevenuePerForm990Amt06839302
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06839302
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07739142
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is reviewed and approved by the CEO and CFO prior to submission to the IRS. Once accepted the final audit and 990 is presented to the board, who then reviews as well. If any changes are necessary, an amended return will be submitted to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1On an annual basis, the members of the board of directors sign a disclosure statement identifying any relationships, positions, or circumstances which would give rise to a conflict of interest. The reviews occur throughout the year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents and policies are available upon request, and available at the school's office during normal business hours.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0537062
IRS990/TotalAssetsEOYAmt01082295
IRS990/TotalAssetsGrp/BOYAmt0537062
IRS990/TotalAssetsGrp/EOYAmt01082295
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt0206
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02179253
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05559889
IRS990/TotalFunctionalExpensesGrp/TotalAmt07739142
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0240283
IRS990/TotalLiabilitiesEOYAmt01685356
IRS990/TotalLiabilitiesGrp/BOYAmt0240283
IRS990/TotalLiabilitiesGrp/EOYAmt01685356
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0296779
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-603061
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt05559889
IRS990/TotalProgramServiceRevenueAmt06546488
IRS990/TotalReportableCompFromOrgAmt0152808
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06839302
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06839302
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0537062
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01082295
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt037355
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt037355
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01531890
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01489 W ELLIOT RD
IRS990/USAddress/CityNm0GILBERT
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085233
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FATIH KARATAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF EXECUTIVE OFFICER

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.07$0.79$5.28$12.0$11.3$0.67
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.23$0.62$4.61$14.1$10.9$3.19
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.07$0.66$1.42$10.1$10.3$0.19
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.19$1.37$10.4$8.45$1.97
2020Detailed filing. Detailed filing data is available for this year.$1.08$1.69$0.60$6.84$7.74$0.90
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.54$0.24$0.30$6.80$6.57$0.23
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$1.13$0.07$5.60$5.50$0.10
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.18$0.03$5.85$5.92$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.99$0.97$0.03$5.47$5.45$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.31$1.34$0.04$4.82$4.83$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.15$1.17$0.02$5.54$5.54$0.01
2013Summary only. Only limited summary data is available for this year.$0.69$0.69$0.00$5.63$5.45$0.18