Civic Intelligence

Pensar Academy Inc

990 • Fiscal year 2018 • EIN 47-3676800

Jul 01, 2017 to Jun 30, 2018 • Filed on May 10, 2019

Organization ProfilePENSARACADEMY.ORG
6135 N Black Canyon HwyPhoenix, AZ 85015

(602) 383-4013

Siviq Scores

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

Liabilities / Assets

91st percentile

0.92x

Higher debt load relative to assets than 91% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

0.28x

Higher debt load relative to revenue than 69% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

30th percentile

-3.8%

Higher net margin than 30% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

80th percentile

17%

Faster asset growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

86th percentile

42%

Faster revenue growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$492,739

Up $70,354 (+17%) from 2017

Net Assets

Down

$37,411

Down $62,283 (-62%) from 2017

Liabilities

Up

$455,328

Up $132,637 (+41%) from 2017

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin30th percentile

Revenue

Up

$1,650,000

Up $486,160 (+42%) from 2017

Expenses

Up

$1,712,283

Up $654,731 (+62%) from 2017

Net Income

Down

-$62,283

Down $168,571 (-159%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$10M$5.0M$0Assets 2016: $219,126Liabilities 2016: $225,7202016Assets 2017: $422,385Liabilities 2017: $322,691Net Assets 2017: $99,6942017Assets 2018: $492,739Liabilities 2018: $455,328Net Assets 2018: $37,4112018Assets 2019: $786,623Liabilities 2019: $486,788Net Assets 2019: $299,8352019Assets 2020: $1,060,798Liabilities 2020: $404,149Net Assets 2020: $656,6492020Assets 2021: $8,071,827Liabilities 2021: $6,983,929Net Assets 2021: $1,087,8982021Assets 2022: $8,115,960Liabilities 2022: $6,931,727Net Assets 2022: $1,184,2332022Assets 2023: $8,206,578Liabilities 2023: $6,858,751Net Assets 2023: $1,347,8272023Assets 2024: $7,882,362Liabilities 2024: $6,630,986Net Assets 2024: $1,251,3762024

Highlighted filing

2018

Assets$492,739
Liabilities$455,328
Net Assets$37,411
Open 2018 Filing

Operations Trend

Revenue Growth86th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $128,114Expenses 2016: $134,708Net Income 2016: -$6,5942016Revenue 2017: $1,163,840Expenses 2017: $1,057,552Net Income 2017: $106,2882017Revenue 2018: $1,650,000Expenses 2018: $1,712,283Net Income 2018: -$62,2832018Revenue 2019: $2,570,853Expenses 2019: $2,308,429Net Income 2019: $262,4242019Revenue 2020: $2,554,655Expenses 2020: $2,197,841Net Income 2020: $356,8142020Revenue 2021: $2,860,938Expenses 2021: $2,403,465Net Income 2021: $457,4732021Revenue 2022: $2,962,700Expenses 2022: $2,805,413Net Income 2022: $157,2872022Revenue 2023: $3,346,199Expenses 2023: $3,171,798Net Income 2023: $174,4012023Revenue 2024: $3,370,227Expenses 2024: $3,462,129Net Income 2024: -$91,9022024

Highlighted filing

2018

Revenue$1,650,000
Expenses$1,712,283
Net Income-$62,283
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 10, 2019
Return Version
2017v2.3
Gross Receipts
$1,650,000
Mission and Program Overview

Mission

Pensar academy will develop middle school students with the essential skills to be agents of change in a 21st century global society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$84,215$231,659▲ $147,444
Land, Buildings, and Equipment, Net$211,388$227,303▲ $15,915
Pledges and Grants Receivable$111,216$23,777▼ $87,439
Prepaid Expenses and Deferred Charges$5,566--
Total Assets$422,385$492,739▲ $70,354
Other Assets Total$10,000$10,000→ $0
Liabilities
Other Liabilities$217,040$351,520▲ $134,480
Accounts Payable and Accrued Expenses$30,806$82,223▲ $51,417
Deferred Revenue$74,845$21,585▼ $53,260
Total Liabilities$322,691$455,328▲ $132,637
Net Assets / Fund Balance
Unrestricted Net Assets$99,694$37,411▼ $62,283
Total Net Assets Fund Balance$99,694$37,411▼ $62,283
Total Liabilities and Net Assets / Fund Balance$422,385$492,739▲ $70,354

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$177,207$29,534$206,741
Equipment$39,356$5,764$45,120
Other Land Buildings$10,740-$10,740
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Sandra ZupetzSecretaryFT$68,500$68,500
Gerry GarciaCFOFT$65,686$65,686

Board Members and Trustees

NameTitle
Barbara SandersonMember
Patricia ShieldsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Event SourceTransportationPO BOX 31934, Phoenix, AZ 85046$126,281
L&m Food ManagementCatering Lunch885 AIRPARK DRIVE, Bullhead City, AZ 86429$111,598
Revenue and Support

Revenue Composition

Contributions and Grants
$1,564,887
Program Service Revenue
$85,113
Investment Income
$0
Other Revenue
$0
All Other Contributions
$9,658
Change in Net Assets
$-62,283

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,650,000
Total Revenue per Audited Statements
$1,650,000
Total Revenue per Form 990
$1,650,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$910,981
Salaries, Compensation, and Employee Benefits$801,302
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$562,214--$562,214
Occupancy$331,387--$331,387
Fees for Services Other$284,811$12,373-$297,184
Office Expenses$199,830$3,328-$203,158
Current Officers, Directors, Trustees, and Key Employees-$130,926-$130,926
Other Employee Benefits$44,722$10,415-$55,137
Payroll Taxes$43,009$10,016-$53,025
Depreciation Depletion$32,916--$32,916
Fees for Services Accounting-$27,249-$27,249
Insurance-$15,147-$15,147
Advertising-$3,087-$3,087
Fees for Services Legal-$853-$853
Total Functional Expenses$1,498,889$213,394$0$1,712,283

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,712,283
Total Expenses per Audited Statements$1,712,283
Total Expenses per Form 990$1,712,283
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

Other Reported Liabilities

LiabilityAmount
Accrued Lease Expense$180,690
Lease Incentive$170,830
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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 11B

“The 990 is reviewed by the ceo and the operations manager and then forwarded to the board of directors before it is filed.”

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

“The directors will annually sign the school's conflict of interest acknowledgement statement at the first budget meeting in july or disclose conflicts at that time. If there is a conflict a committee will be assigned to review the potential conflict and determine what the outcome of the matter will be.”

Form 990, Page 6, Part VI, Line 15A

“All compensation agreements for top officials are taken to the board of directors for approval. Salaries are compared to averages in the industry to stay comparable to other charter schools in the area.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Pensar Academy Inc
EIN
47-3676800
Phone
6023834013
Address
6135 N BLACK CANYON HWY, PHOENIX, AZ 85015

Signing Officer

Name
Sandra Zupetz
Title
Secretary
Phone
6023834013
Signed
2019-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandra Zupetz
Formed
2015
Voting Board Members
4
Independent Board Members
2
Employees
20

Preparer

Firm
Aspire Business Consultants
Address
PO BOX 12084, GLENDALE, AZ 85318-2084
Preparer
Heather Jones
Phone
6028812483
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“284,811 12,373 0”

Raw XML Appendix359 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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S PUBLICIZES THEIR NONDISCRIMINATION POLICY AT THE SCHOOL AND IN THE EMPLOYEE HANDBOOK.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NO SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE AWARDED
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL WAS AWARDED THE ARIZONA SCHOOLS CHARTER PROGRAM GRANT AND RECIEVED FUNDING FROM THE STATE OF ARIZONA. THE PRIMARY PURPOSE OF THE CSP (TITLE V, PART B, SUBPART 1 OF THE ESEA) IS TO EXPAND THE NUMBER OF HIGH-QUALITY CHARTER SCHOOLS AVAILABLE TO STUDENTS ACROSS THE NATION BY PROVIDING FEDERAL FINANCIAL ASSISTANCE FOR CHARTER SCHOOL PLANNING, PROGRAM DESIGN, AND INITIAL IMPLEMENTATION; AND TO EVALUATE THE EFFECTS OF CHARTER SCHOOLS, INCLUDING THEIR EFFECTS ON STUDENTS (IN PARTICULAR, ON STUDENT ACADEMIC ACHIEVEMENT), STAFF, AND PARENTS.
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IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE CEO AND THE OPERATIONS MANAGER AND THEN FORWARDED TO THE BOARD OF DIRECTORS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTORS WILL ANNUALLY SIGN THE SCHOOL'S CONFLICT OF INTEREST ACKNOWLEDGEMENT STATEMENT AT THE FIRST BUDGET MEETING IN JULY OR DISCLOSE CONFLICTS AT THAT TIME. IF THERE IS A CONFLICT A COMMITTEE WILL BE ASSIGNED TO REVIEW THE POTENTIAL CONFLICT AND DETERMINE WHAT THE OUTCOME OF THE MATTER WILL BE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL COMPENSATION AGREEMENTS FOR TOP OFFICIALS ARE TAKEN TO THE BOARD OF DIRECTORS FOR APPROVAL. SALARIES ARE COMPARED TO AVERAGES IN THE INDUSTRY TO STAY COMPARABLE TO OTHER CHARTER SCHOOLS IN THE AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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ReturnHeader/FilingSecurityInformation/IPTm015:10:53
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ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$492,739
Liabilities
$455,328
Net assets
$37,411
Revenue
$1,650,000
Expenses
$1,712,283
Net income
-$62,283
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.88$6.63$1.25$3.37$3.46$0.09
2023Detailed filing. Detailed filing data is available for this year.$8.21$6.86$1.35$3.35$3.17$0.17
2022Detailed filing. Detailed filing data is available for this year.$8.12$6.93$1.18$2.96$2.81$0.16
2021Detailed filing. Detailed filing data is available for this year.$8.07$6.98$1.09$2.86$2.40$0.46
2020Detailed filing. Detailed filing data is available for this year.$1.06$0.40$0.66$2.55$2.20$0.36
2019Detailed filing. Detailed filing data is available for this year.$0.79$0.49$0.30$2.57$2.31$0.26
2018Detailed filing. Detailed filing data is available for this year.$0.49$0.46$0.04$1.65$1.71$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.42$0.32$0.10$1.16$1.06$0.11
2016Summary only. Only limited summary data is available for this year.$0.22$0.23$0.13$0.13$0.01