Civic Intelligence

Pensar Academy Inc

990 • Fiscal year 2019 • EIN 47-3676800

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 23, 2020

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

85th percentile

0.62x

Higher debt load relative to assets than 85% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

64th percentile

0.19x

Higher debt load relative to revenue than 64% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

66th percentile

10%

Higher net margin than 66% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

59th percentile

$79,924

Higher top officer pay than 59% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

92nd percentile

60%

Faster asset growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

89th percentile

56%

Faster revenue growth than 89% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$786,623

Up $293,884 (+60%) from 2018

Net Assets

Up

$299,835

Up $262,424 (+701%) from 2018

Liabilities

Up

$486,788

Up $31,460 (+6.9%) from 2018

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin66th percentile

Revenue

Up

$2,570,853

Up $920,853 (+56%) from 2018

Expenses

Up

$2,308,429

Up $596,146 (+35%) from 2018

Net Income

Up

$262,424

Up $324,707 (+521%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth92nd 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

2019

Assets$786,623
Liabilities$486,788
Net Assets$299,835
Open 2019 Filing

Operations Trend

Revenue Growth89th 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

2019

Revenue$2,570,853
Expenses$2,308,429
Net Income$262,424
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 23, 2020
Return Version
2018v3.2
Gross Receipts
$2,570,853
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$231,659$535,082▲ $303,423
Land, Buildings, and Equipment, Net$227,303$216,057▼ $11,246
Pledges and Grants Receivable$23,777$25,484▲ $1,707
Prepaid Expenses and Deferred Charges-$10,000-
Total Assets$492,739$786,623▲ $293,884
Other Assets Total$10,000--
Liabilities
Other Liabilities$351,520$371,000▲ $19,480
Accounts Payable and Accrued Expenses$82,223$85,015▲ $2,792
Deferred Revenue$21,585$30,773▲ $9,188
Total Liabilities$455,328$486,788▲ $31,460
Net Assets / Fund Balance
Unrestricted Net Assets$37,411$243,628▲ $206,217
Temporarily Rstr Net Assets-$56,207-
Total Net Assets Fund Balance$37,411$299,835▲ $262,424
Total Liabilities and Net Assets / Fund Balance$492,739$786,623▲ $293,884

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$174,507$63,112$237,619
Equipment$27,950$17,170$45,120
Other Land Buildings$13,600-$13,600
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sandra ZupetzPresident/seFT$73,388$6,536$79,924
Gerry GarciaCFO-$63,824-$63,824

Board Members and Trustees

NameTitle
Barbara SandersonMember
Patricia MercadoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Morgan Read Black Canyon LLCRent4444 N DROMEDARY RD, Phoenix, AZ 85018$249,520
Nutrition One INCCatering Lunch9299 W OLIVE AVE STE 205, Peoria, AZ 85345$192,374
Event SourceTransportationPO BOX 31934, Phoenix, AZ 85046$172,543
Revenue and Support

Revenue Composition

Contributions and Grants
$2,549,174
Program Service Revenue
$21,679
Investment Income
$0
Other Revenue
$0
All Other Contributions
$15,384
Change in Net Assets
$262,424

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,570,853
Total Revenue per Audited Statements
$2,570,853
Total Revenue per Form 990
$2,570,853
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,179,083
Other Expenses$1,129,346
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$941,457--$941,457
Fees for Services Other$381,866$27,655-$409,521
Occupancy$331,266$36,807-$368,073
Office Expenses$247,012$12,810-$259,822
Other Employee Benefits$75,880$6,250-$82,130
Payroll Taxes$72,021$5,932-$77,953
Current Officers, Directors, Trustees, and Key Employees-$77,543-$77,543
Depreciation Depletion$40,486$4,498-$44,984
Fees for Services Accounting-$20,312-$20,312
Insurance-$13,669-$13,669
Advertising$5,532$2,205-$7,737
Conferences and Meetings$5,228--$5,228
Total Functional Expenses$2,100,748$207,681$0$2,308,429

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,308,429
Total Expenses per Audited Statements$2,308,429
Total Expenses per Form 990$2,308,429
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$228,250
Lease Incentive$142,750
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
President/secretary
Phone
6023834013
Signed
2020-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandra Zupetz
Formed
2015
Legal Domicile
Az
Voting Board Members
3
Independent Board Members
2
Employees
28

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

“381,866 27,655 0”

Raw XML Appendix379 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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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02570853
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02308429
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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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.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4381,866 27,655 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0786623
IRS990/TotalAssetsGrp/BOYAmt0492739
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02549174
IRS990/TotalEmployeeCnt028
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0207681
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02100748
IRS990/TotalFunctionalExpensesGrp/TotalAmt02308429
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0486788
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IRS990/TotalLiabilitiesGrp/EOYAmt0486788
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt037411
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0299835
IRS990/TotalOtherCompensationAmt06536
IRS990/TotalProgramServiceExpensesAmt02100748
IRS990/TotalProgramServiceRevenueAmt021679
IRS990/TotalReportableCompFromOrgAmt0137212
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt021679
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02570853
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0492739
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0786623
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt037411
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0243628
IRS990/UponRequestInd0X
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IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085015
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0PENSARACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SANDRA ZUPETZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum06023834013
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PENSAR ACADEMY INC
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.37.240.203
ReturnHeader/FilingSecurityInformation/IPDt02020-04-29
ReturnHeader/FilingSecurityInformation/IPTm013:31:12
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454728843
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ASPIRE BUSINESS CONSULTANTS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 12084
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0853182084
ReturnHeader/PreparerPersonGrp/PhoneNum06028812483
ReturnHeader/PreparerPersonGrp/PreparationDt02020-04-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HEATHER JONES
ReturnHeader/ReturnTs02020-04-29T15:33:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$786,623
Liabilities
$486,788
Net assets
$299,835
Revenue
$2,570,853
Expenses
$2,308,429
Net income
$262,424
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