Civic Intelligence

Imagine Prep Superstition Inc.

990 • Fiscal year 2017 • EIN 45-2540612

Jul 01, 2016 to Jun 30, 2017 • Filed on May 07, 2018

Organization ProfileIMAGINEPREP.COM
1843 W 16th AvenueApache Junction, AZ 85120

(480) 355-0530

Siviq Scores

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

Liabilities / Assets

97th percentile

1.57x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

83rd percentile

0.76x

Higher debt load relative to revenue than 83% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

47th percentile

2.0%

Higher net margin than 47% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

90th percentile

43%

Faster asset growth than 90% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

33rd percentile

-1.8%

Faster revenue growth than 33% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$1,519,440

Up $455,670 (+43%) from 2016

Net Assets

Up

-$873,448

Up $151,790 (+15%) from 2016

Liabilities

Up

$2,392,888

Up $303,880 (+15%) from 2016

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin47th percentile

Revenue

Down

$3,167,708

Down $56,470 (-1.8%) from 2016

Expenses

Down

$3,105,918

Down $18,260 (-0.6%) from 2016

Net Income

Down

$61,790

Down $38,210 (-38%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2014: $575,719Liabilities 2014: $1,790,957Net Assets 2014: -$1,215,2382014Assets 2015: $888,081Liabilities 2015: $2,013,319Net Assets 2015: -$1,125,2382015Assets 2016: $1,063,770Liabilities 2016: $2,089,008Net Assets 2016: -$1,025,2382016Assets 2017: $1,519,440Liabilities 2017: $2,392,888Net Assets 2017: -$873,4482017Assets 2018: $1,751,813Liabilities 2018: $2,819,514Net Assets 2018: -$1,067,7012018Assets 2019: $1,899,059Liabilities 2019: $2,972,330Net Assets 2019: -$1,073,2712019Assets 2020: $1,898,256Liabilities 2020: $3,039,918Net Assets 2020: -$1,141,6622020Assets 2021: $2,298,197Liabilities 2021: $3,320,814Net Assets 2021: -$1,022,6172021Assets 2022: $2,356,250Liabilities 2022: $3,367,876Net Assets 2022: -$1,011,6262022Assets 2023: $11,081,093Liabilities 2023: $11,966,523Net Assets 2023: -$885,4302023Assets 2024: $10,233,927Liabilities 2024: $11,214,315Net Assets 2024: -$980,3882024Assets 2025: $9,549,948Liabilities 2025: $10,604,840Net Assets 2025: -$1,054,8922025

Highlighted filing

2017

Assets$1,519,440
Liabilities$2,392,888
Net Assets-$873,448
Open 2017 Filing

Operations Trend

Revenue Growth33rd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $2,494,619Expenses 2014: $2,494,619Net Income 2014: $02014Revenue 2015: $2,953,529Expenses 2015: $2,863,529Net Income 2015: $90,0002015Revenue 2016: $3,224,178Expenses 2016: $3,124,178Net Income 2016: $100,0002016Revenue 2017: $3,167,708Expenses 2017: $3,105,918Net Income 2017: $61,7902017Revenue 2018: $3,753,447Expenses 2018: $3,947,700Net Income 2018: -$194,2532018Revenue 2019: $4,099,820Expenses 2019: $4,105,390Net Income 2019: -$5,5702019Revenue 2020: $4,084,516Expenses 2020: $4,152,907Net Income 2020: -$68,3912020Revenue 2021: $4,451,222Expenses 2021: $4,332,177Net Income 2021: $119,0452021Revenue 2022: $4,749,153Expenses 2022: $4,738,162Net Income 2022: $10,9912022Revenue 2023: $4,510,371Expenses 2023: $4,384,175Net Income 2023: $126,1962023Revenue 2024: $4,309,461Expenses 2024: $4,404,419Net Income 2024: -$94,9582024Revenue 2025: $4,551,114Expenses 2025: $4,625,618Net Income 2025: -$74,5042025

Highlighted filing

2017

Revenue$3,167,708
Expenses$3,105,918
Net Income$61,790
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 7, 2018
Return Version
2016v3.0
Gross Receipts
$3,167,708
Mission and Program Overview

Mission

To operate a not for profit charter school and conduct educational research, evaluation, and development activities.

High school education for local students

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$317,165$672,172▲ $355,007
Other Notes and Loans Receivable, Net$485,608$485,484▼ $124
Cash and Non-Interest-Bearing Accounts$221,488$333,898▲ $112,410
Prepaid Expenses and Deferred Charges$16,262$19,299▲ $3,037
Accounts Receivable$23,247$8,587▼ $14,660
Total Assets$1,063,770$1,519,440▲ $455,670
Liabilities
Unsecured Notes Loans Payable$1,896,959$1,734,083▼ $162,876
Mortgage Notes Payable Secured by Investment Property-$479,693-
Accounts Payable and Accrued Expenses$192,049$179,112▼ $12,937
Total Liabilities$2,089,008$2,392,888▲ $303,880
Net Assets / Fund Balance
Unrestricted Net Assets$-1,025,238$-873,448▲ $151,790
Total Net Assets Fund Balance$-1,025,238$-873,448▲ $151,790
Total Liabilities and Net Assets / Fund Balance$1,063,770$1,519,440▲ $455,670

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$672,172$450,482$1,122,654
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Leonora KetyerPresident
Herman OrcuttDirector
Rick MillerDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$262,800
Program Service Revenue
$2,436,181
Investment Income
$0
Other Revenue
$468,727
All Other Contributions
$4,800
Change in Net Assets
$61,790

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,167,708
Total Revenue per Audited Statements
$3,167,708
Total Revenue per Form 990
$3,167,708
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,105,918
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
Other Expenses$2,485,666$620,252-$620,252
Total Functional Expenses$2,485,666$620,252$0$3,105,918

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,105,918
Total Expenses per Audited Statements$3,105,918
Total Expenses per Form 990$3,105,918
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Management duties delegation Part VI line 3

“The management function of the school is delegated to a management company, Imagine Schools.”

Form 990 governing body review Part VI line 11

“The governing body reviews public tax filings and financial reports prior to them being filed or issued.”

Conflict of interest policy compliance Part VI line 12C

“The governing body has a conflict of interest policy that is periodically monitored to ensure compliance.”

Governing documents etc available to public Part VI line 19

“The governing board makes all required documents available to the public upon reasonable request to review the documents.”

Filing and Contact Details

Filer

Filer Name
Imagine Prep Superstition Inc
EIN
45-2540612
Address
1843 W 16TH AVENUE, Apache Junction, AZ 85120

Signing Officer

Name
Leonora Ketyer
Title
President
Phone
4803550530
Signed
2018-05-07
Discuss with paid preparer
No

Organization Details

Formed
2010
Legal Domicile
Az
Voting Board Members
3
Independent Board Members
3
Employees
20
Volunteers
10

Preparer

Firm
Joel D Huber CPA PC
Address
3048 E Baseline Rd Suite 116, Mesa, AZ 85204
Preparer
Joel D Huber
Phone
4805039200
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Prior period adjustment to include debt forgiveness that was previously not recorded in the accounting records, but was granted, $90,000.”

Raw XML Appendix333 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The management function of the school is delegated to a management company, Imagine Schools.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing body has a conflict of interest policy that is periodically monitored to ensure compliance.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Prior period adjustment to include debt forgiveness that was previously not recorded in the accounting records, but was granted, $90,000.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01063770
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01519440
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1025238
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-873448
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01896959
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01734083
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0LEONORA KETYER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04803550530
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0IMAGINE PREP SUPERSTITION INC
ReturnHeader/Filer/BusinessNameControlTxt0IMAG
ReturnHeader/Filer/EIN0452540612
ReturnHeader/Filer/USAddress/AddressLine1Txt01843 W 16TH AVENUE
ReturnHeader/Filer/USAddress/CityNm0Apache Junction
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085120
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A3C5373E58C8F31D5B1D0F32D8CA3247C8F39850
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A3C5373E58C8F31D5B1D0F32D8CA3247C8F39850
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId08680612018135kmxr4gc
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-05-15
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0184.101.44.110
ReturnHeader/FilingSecurityInformation/IPDt02018-05-15
ReturnHeader/FilingSecurityInformation/IPTm014:39:13
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0860995680
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Joel D Huber CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03048 E Baseline Rd Suite 116
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Mesa
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd085204
ReturnHeader/PreparerPersonGrp/PhoneNum04805039200
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Joel D Huber
ReturnHeader/ReturnTs02018-05-07T23:37:46-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,519,440
Liabilities
$2,392,888
Net assets
-$873,448
Revenue
$3,167,708
Expenses
$3,105,918
Net income
$61,790
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.55$10.6$1.05$4.55$4.63$0.07
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$11.2$0.98$4.31$4.40$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.1$12.0$0.89$4.51$4.38$0.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.36$3.37$1.01$4.75$4.74$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.30$3.32$1.02$4.45$4.33$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.90$3.04$1.14$4.08$4.15$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.90$2.97$1.07$4.10$4.11$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$2.82$1.07$3.75$3.95$0.19
2017Detailed filing. Detailed filing data is available for this year.$1.52$2.39$0.87$3.17$3.11$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$2.09$1.03$3.22$3.12$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.89$2.01$1.13$2.95$2.86$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.58$1.79$1.22$2.49$2.49$0.00