Civic Intelligence

Self Development Academy-Phoenix Inc.

990 • Fiscal year 2023 • EIN 46-4108935

Jul 01, 2022 to Jun 30, 2023 • Filed on May 09, 2024

1709 North Greenfield RoadMesa, AZ 85205

(602) 451-5721

Siviq Scores

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

Liabilities / Assets

87th percentile

0.71x

Higher debt load relative to assets than 87% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

87th percentile

1.33x

Higher debt load relative to revenue than 87% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

68th percentile

13%

Higher net margin than 68% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

44th percentile

$113,925

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

51st percentile

5.8%

Faster asset growth than 51% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

31st percentile

-5.2%

Faster revenue growth than 31% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$6,814,131

Up $373,054 (+5.8%) from 2022

Net Assets

Up

$1,948,589

Up $488,630 (+33%) from 2022

Liabilities

Down

$4,865,542

Down $115,576 (-2.3%) from 2022

Revenue

Down

$3,650,122

Down $198,309 (-5.2%) from 2022

Expenses

Down

$3,161,492

Down $47,447 (-1.5%) from 2022

Net Income

Down

$488,630

Down $150,862 (-24%) from 2022

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$0Assets 2014: $296Liabilities 2014: $0Net Assets 2014: $2962014Assets 2015: $251,176Liabilities 2015: $468Net Assets 2015: $250,7082015Assets 2016: $308,044Liabilities 2016: $190,474Net Assets 2016: $117,5702016Assets 2017: $433,587Liabilities 2017: $209,756Net Assets 2017: $223,8312017Assets 2018: $490,991Liabilities 2018: $147,215Net Assets 2018: $343,7762018Assets 2019: $789,068Liabilities 2019: $340,509Net Assets 2019: $448,5592019Assets 2020: $963,224Liabilities 2020: $426,615Net Assets 2020: $536,6092020Assets 2021: $6,014,465Liabilities 2021: $5,193,998Net Assets 2021: $820,4672021Assets 2022: $6,441,077Liabilities 2022: $4,981,118Net Assets 2022: $1,459,9592022Assets 2023: $6,814,131Liabilities 2023: $4,865,542Net Assets 2023: $1,948,5892023Assets 2024: $7,292,111Liabilities 2024: $4,733,108Net Assets 2024: $2,559,0032024

Highlighted filing

2023

Assets$6,814,131
Liabilities$4,865,542
Net Assets$1,948,589

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $20,848Expenses 2014: $20,552Net Income 2014: $2962014Revenue 2015: $483,380Expenses 2015: $232,968Net Income 2015: $250,4122015Revenue 2016: $1,609,629Expenses 2016: $1,732,571Net Income 2016: -$122,9422016Revenue 2017: $2,634,926Expenses 2017: $2,528,665Net Income 2017: $106,2612017Revenue 2018: $2,773,895Expenses 2018: $2,653,950Net Income 2018: $119,9452018Revenue 2019: $3,313,035Expenses 2019: $3,208,252Net Income 2019: $104,7832019Revenue 2020: $4,402,247Expenses 2020: $4,314,197Net Income 2020: $88,0502020Revenue 2021: $4,414,596Expenses 2021: $4,130,738Net Income 2021: $283,8582021Revenue 2022: $3,848,431Expenses 2022: $3,208,939Net Income 2022: $639,4922022Revenue 2023: $3,650,122Expenses 2023: $3,161,492Net Income 2023: $488,6302023Revenue 2024: $3,841,689Expenses 2024: $3,231,275Net Income 2024: $610,4142024

Highlighted filing

2023

Revenue$3,650,122
Expenses$3,161,492
Net Income$488,630
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 9, 2024
Return Version
2022v5.0
Gross Receipts
$3,650,122
Mission and Program Overview

Mission

Operating an arizona public charter school

Operating an arizona public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,155,019$4,000,701▼ $154,318
Cash and Non-Interest-Bearing Accounts$2,106,689$2,692,844▲ $586,155
Loans From Officers Directors$31,991$39,489▲ $7,498
Pledges and Grants Receivable$165,369$34,490▼ $130,879
Prepaid Expenses and Deferred Charges$14,000--
Total Assets$6,441,077$6,814,131▲ $373,054
Other Assets Total-$86,096-
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,865,952$4,752,443▼ $113,509
Accounts Payable and Accrued Expenses$68,557$73,610▲ $5,053
Other Liabilities$14,618--
Total Liabilities$4,981,118$4,865,542▼ $115,576
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,378,142$1,948,589▲ $570,447
Net Assets With Donor Restrictions$81,817--
Total Net Assets Fund Balance$1,459,959$1,948,589▲ $488,630
Total Liabilities and Net Assets / Fund Balance$6,441,077$6,814,131▲ $373,054

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,644,276$386,292$4,030,568
Land$300,000-$300,000
Equipment$56,425$90,231$146,656
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Anjum MajeedSuperintendePT$113,925$113,925
Asif MajeedPresidentPT$69,283$69,283
Vernetta MadsenVP/secretaryPT$36,772$36,772

Board Members and Trustees

NameTitle
Alysha TeedMember
Patricia JimenezMember
Rachel HuntMember

Highest Paid Contractors

ContractorServicesLocationCompensation
L&m Food ManagementFood Service885 AIRPARK DR, Bullhead City, AZ 86429$149,862
Bee Line ToursTransportation600 E SPEEDWAY, Tucson, AZ 85705$112,958
Event Source TransportationTransportation8801 NORTH 43RD AVENUE, Phoenix, AZ 85028$111,150
Revenue and Support

Revenue Composition

Contributions and Grants
$3,612,116
Program Service Revenue
$31,968
Investment Income
$65
Other Revenue
$5,973
All Other Contributions
$2,490
Change in Net Assets
$488,630

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,650,122
Total Revenue per Audited Statements
$3,650,122
Total Revenue per Form 990
$3,650,122
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,901,451
Other Expenses$1,260,041
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,272,001$92,436-$1,364,437
Occupancy$242,359--$242,359
Fees for Services Other$146,069$85,806-$231,875
Current Officers, Directors, Trustees, and Key Employees$219,980--$219,980
Other Expenses$205,969--$205,969
Other Employee Benefits$184,503$11,323-$195,826
Depreciation Depletion$177,655--$177,655
Interest$173,508--$173,508
Payroll Taxes$114,137$7,071-$121,208
Office Expenses$83,846$6,846-$90,692
Advertising-$54,556-$54,556
Fees for Services Accounting-$40,613-$40,613
Information Technology$26,968--$26,968
Insurance$15,846--$15,846
Total Functional Expenses$2,862,841$298,651$0$3,161,492

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,161,492
Total Expenses per Audited Statements$3,161,492
Total Expenses per Form 990$3,161,492
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Sami MajeedSon of MemberEmployeeNo$97,389

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$31,991$39,489▲ $7,498
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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, Page 6, Part VI, Line 2

Anjum majeed asif majeed officer president husband & wife

Form 990, Page 6, Part VI, Line 11B

The return was prepared by an external accounting firm, reviewed by management, and electronically distributed to the board for review and comment prior to filing.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy is reviewed annually and inquiries are made of board of directors for any relevant transactions requiring conflict of interest disclosures.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Self Development Academy - Phoenix
EIN
46-4108935
Phone
6024515721
Address
1709 NORTH GREENFIELD ROAD, MESA, AZ 85205

Signing Officer

Name
Asif Majeed
Title
President
Phone
6024515721
Signed
2024-05-09

Organization Details

Principal Officer
Asif Majeed
Formed
2013
Legal Domicile
Az
Voting Board Members
5
Independent Board Members
3
Employees
104

Preparer

Firm
Aspire Business Consultants
Address
17505 N 79TH AVE STE 405, GLENDALE, AZ 85308
Preparer
Heather Jones
Phone
6028812483
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24527
IRS990/ProgSrvcAccomActy2Grp/Desc0EMPLOYED AND LEASED QUALIFIED EMPLOYEES TO AFFILIATED CHARTER SCHOOLS BEGINNING JANUARY 1, 2019.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0167644
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt020592
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03774224
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt044
IRS990/PYOtherExpensesAmt01617038
IRS990/PYOtherRevenueAmt01610
IRS990/PYProgramServiceRevenueAmt072553
IRS990/PYRevenuesLessExpensesAmt0639492
IRS990/PYSalariesCompEmpBnftPaidAmt01591901
IRS990/PYTotalExpensesAmt03208939
IRS990/PYTotalRevenueAmt03848431
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0488630
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt011376
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt056425
IRS990ScheduleD/EquipmentGrp/DepreciationAmt090231
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0146656
IRS990ScheduleD/ExpensesSubtotalAmt03161492
IRS990ScheduleD/LandGrp/BookValueAmt0300000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0300000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03644276
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0386292
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04030568
IRS990ScheduleD/RevenueSubtotalAmt03650122
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04000701
IRS990ScheduleD/TotalExpensesPerForm990Amt03161492
IRS990ScheduleD/TotalRevenuePerForm990Amt03650122
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03650122
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03161492
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PUBLICIZED THROUGH MARKETING MATERIALS
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES FINANCIAL SUPPORT AND GRANTS FROM THE UNITED STATES DEPARTMENT OF EDUCATION AND THE ARIZONA DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0SAMI MAJEED
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SON OF MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt097389
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0EMPLOYEE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt039489
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0SELF DEVELOPMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0PAYABLES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt031991
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0COMMON BOARD MEMBERS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt039489
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANJUM MAJEED ASIF MAJEED OFFICER PRESIDENT HUSBAND & WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN WAS PREPARED BY AN EXTERNAL ACCOUNTING FIRM, REVIEWED BY MANAGEMENT, AND ELECTRONICALLY DISTRIBUTED TO THE BOARD FOR REVIEW AND COMMENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND INQUIRIES ARE MADE OF BOARD OF DIRECTORS FOR ANY RELEVANT TRANSACTIONS REQUIRING CONFLICT OF INTEREST DISCLOSURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0SDA-PHX
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0SELF DEVELOPMENT ED RESOURCES
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0825044398
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt0106936
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0AZ
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0EE LEASING
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt020592
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt01709 N GREENFIELD RD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0MESA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0AZ
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd085205
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06441077
IRS990/TotalAssetsEOYAmt06814131
IRS990/TotalAssetsGrp/BOYAmt06441077
IRS990/TotalAssetsGrp/EOYAmt06814131
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03612116
IRS990/TotalEmployeeCnt0104
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0298651
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02862841
IRS990/TotalFunctionalExpensesGrp/TotalAmt03161492
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04981118
IRS990/TotalLiabilitiesEOYAmt04865542
IRS990/TotalLiabilitiesGrp/BOYAmt04981118
IRS990/TotalLiabilitiesGrp/EOYAmt04865542
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01459959
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01948589
IRS990/TotalProgramServiceExpensesAmt02862841
IRS990/TotalProgramServiceRevenueAmt031968
IRS990/TotalReportableCompFromOrgAmt0219980
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt038006
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03650122
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06441077
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06814131
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01709 N GREENFIELD RD
IRS990/USAddress/CityNm0MESA
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085205
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.SELFDEVELOPMENTACADEMY.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ASIF MAJEED
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06024515721
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SELF DEVELOPMENT ACADEMY - PHOENIX
ReturnHeader/Filer/BusinessNameControlTxt0SELF

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