Civic Intelligence

Camelback Education Inc.

990 • Fiscal year 2020 • EIN 68-0503595

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

7634 W Camelback RdGlendale, AZ 85303

(623) 247-2204

Siviq Scores

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

Liabilities / Assets

86th percentile

0.66x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.21x

Higher debt load relative to revenue than 60% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

40th percentile

1.0%

Higher net margin than 40% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

80th percentile

$133,062

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

91st percentile

86%

Faster asset growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

48th percentile

0.0%

Faster revenue growth than 48% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,567,805

Up $722,929 (+86%) from 2019

Net Assets

Down

$533,034

Down $134,963 (-20%) from 2019

Liabilities

Up

$1,034,771

Up $857,892 (+485%) from 2019

Revenue

Up

$4,978,246

Up $2,147 (+0.0%) from 2019

Expenses

Up

$4,930,176

Up $115,110 (+2.4%) from 2019

Net Income

Down

$48,070

Down $112,963 (-70%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2011: $223,256Liabilities 2011: $386,867Net Assets 2011: -$163,6112011Assets 2012: $392,007Liabilities 2012: $239,522Net Assets 2012: $152,4852012Assets 2013: $514,782Liabilities 2013: $200,623Net Assets 2013: $314,1592013Assets 2014: $432,165Liabilities 2014: $165,103Net Assets 2014: $267,0622014Assets 2015: $614,718Liabilities 2015: $301,508Net Assets 2015: $313,2102015Assets 2016: $452,422Liabilities 2016: $118,292Net Assets 2016: $334,1302016Assets 2017: $569,479Liabilities 2017: $180,695Net Assets 2017: $388,7842017Assets 2018: $654,429Liabilities 2018: $147,465Net Assets 2018: $506,9642018Assets 2019: $844,876Liabilities 2019: $176,879Net Assets 2019: $667,9972019Assets 2020: $1,567,805Liabilities 2020: $1,034,771Net Assets 2020: $533,0342020Assets 2021: $1,589,509Liabilities 2021: $455,808Net Assets 2021: $1,133,7012021Assets 2022: $7,849,670Liabilities 2022: $7,056,202Net Assets 2022: $793,4682022Assets 2023: $8,214,256Liabilities 2023: $7,093,825Net Assets 2023: $1,120,4312023Assets 2024: $9,290,927Liabilities 2024: $7,489,550Net Assets 2024: $1,801,3772024

Highlighted filing

2020

Assets$1,567,805
Liabilities$1,034,771
Net Assets$533,034

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $3,069,647Expenses 2011: $2,873,284Net Income 2011: $196,3632011Revenue 2012: $3,608,637Expenses 2012: $3,292,541Net Income 2012: $316,0962012Revenue 2013: $3,763,707Expenses 2013: $3,602,033Net Income 2013: $161,6742013Revenue 2014: $3,959,211Expenses 2014: $4,006,308Net Income 2014: -$47,0972014Revenue 2015: $4,104,967Expenses 2015: $4,058,819Net Income 2015: $46,1482015Revenue 2016: $4,357,619Expenses 2016: $4,336,699Net Income 2016: $20,9202016Revenue 2017: $4,456,823Expenses 2017: $4,402,169Net Income 2017: $54,6542017Revenue 2018: $4,823,380Expenses 2018: $4,705,200Net Income 2018: $118,1802018Revenue 2019: $4,976,099Expenses 2019: $4,815,066Net Income 2019: $161,0332019Revenue 2020: $4,978,246Expenses 2020: $4,930,176Net Income 2020: $48,0702020Revenue 2021: $6,079,405Expenses 2021: $5,478,738Net Income 2021: $600,6672021Revenue 2022: $6,554,947Expenses 2022: $6,343,679Net Income 2022: $211,2682022Revenue 2023: $7,601,047Expenses 2023: $7,274,084Net Income 2023: $326,9632023Revenue 2024: $8,152,694Expenses 2024: $7,471,748Net Income 2024: $680,9462024

Highlighted filing

2020

Revenue$4,978,246
Expenses$4,930,176
Net Income$48,070
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.1
Gross Receipts
$4,978,246
Mission and Program Overview

Mission

Camelback Academys mission is to inspire and challenge the next generation to impact their world.

Camelback Academy's mission is to inspire and challenge the next generation to impact their world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$341,914$1,060,115▲ $718,201
Pledges and Grants Receivable$484,311$435,909▼ $48,402
Land, Buildings, and Equipment, Net$1,372$45,200▲ $43,828
Prepaid Expenses and Deferred Charges$17,279$26,581▲ $9,302
Total Assets$844,876$1,567,805▲ $722,929
Liabilities
Unsecured Notes Loans Payable-$619,797-
Accounts Payable and Accrued Expenses$176,879$334,532▲ $157,653
Other Liabilities-$80,442-
Total Liabilities$176,879$1,034,771▲ $857,892
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$466,324$327,172▼ $139,152
Net Assets With Donor Restrictions$201,673$205,862▲ $4,189
Total Net Assets Fund Balance$667,997$533,034▼ $134,963
Total Liabilities and Net Assets / Fund Balance$844,876$1,567,805▲ $722,929

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,605$158,338$188,943
Buildings$14,595$33,041$47,636
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen KordonDirector/CEOFT$124,176$8,886$133,062

Board Members and Trustees

NameTitle
James KordonVice President
Carlos OrtegaOfficer
Jeff OgleOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,916,246
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$62,000
All Other Contributions
$800
Change in Net Assets
$48,070

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,978,246
Total Revenue per Audited Statements
$4,978,246
Total Revenue per Form 990
$4,978,246
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,395,469
Other Expenses$1,534,707
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,562,088$67,866$0$2,629,954
Occupancy$674,772$0$0$674,772
Office Expenses$560,564$2,953$0$563,517
Other Employee Benefits$328,543$43,232$0$371,775
Payroll Taxes$200,216$5,192$0$205,408
Fees for Services Other$165,459$8,514$0$173,973
Current Officers, Directors, Trustees, and Key Employees$137,906$0$0$137,906
Other Expenses$31,231$34,630$0$65,861
Pension Plan Contributions$50,426$0$0$50,426
Fees for Services Accounting$0$25,325$0$25,325
Advertising$21,750$0$0$21,750
Travel$6,648$0$0$6,648
Depreciation Depletion$2,861$0$0$2,861
Total Functional Expenses$4,742,464$187,712$0$4,930,176

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,930,175
Total Expenses per Audited Statements$4,930,175
Total Expenses per Form 990$4,930,175
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
Julia HibbsFamily member of board memberEmployee compensationNo$58,890
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to state of Arizona$80,442
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
Yes
Other officer compensation reviewed
Yes
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
Camelback Education Inc
EIN
68-0503595
Phone
6232472204
Address
7634 W Camelback Rd, Glendale, AZ 85303

Signing Officer

Name
Karen Kordon
Title
Executive Director
Phone
6232472204
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Kordon
Formed
2002
Legal Domicile
Az
Voting Board Members
3
Independent Board Members
2
Employees
89
Volunteers
0

Preparer

Firm
Lorenzo Plc
Address
1450 W GUADALUPE RD STE 111, GILBERT, AZ 85233
Preparer
Anthony Lorenzo
Phone
4806441097
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Karen Kordon is the spouse of James Cordon.

Pt VI, Line 11B

The School provides the Form 990 to the president for review prior to signing.

Pt VI, Line 15A

Data is obtained from other charter schools to provide comparability. Determinations are documented in the School's board meeting minutes, and board members recuse themselves from deliberations and voting on their own compensation.

Pt VI, Line 15B

See Pt VI, Line 15a above.

Pt VI, Line 19

The School's governing documents, conflict of interest policy and financial statements are available upon request at the administrative office.

Financial Statement Notes

Pt X, Line 2

Uncertain Tax Positions - The School accounts for uncertain tax positions, if any, in accordance with FASB Accounting Standards Codification Section 740. In accordance with these professional standards the School recognizes tax positions only to the extent that Management believes that it is "more likely than not" that its tax positions will be sustained upon IRS examination. Management believes that it has no uncertain tax positions for the year ended June 30, 2020.

Raw XML Appendix398 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/BuildingsGrp/OtherCostOrOtherBasisAmt047636
IRS990ScheduleD/EquipmentGrp/BookValueAmt030605
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0158338
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0188943
IRS990ScheduleD/ExpensesSubtotalAmt04930175
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt080442
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to state of Arizona
IRS990ScheduleD/RevenueSubtotalAmt04978246
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Uncertain Tax Positions - The School accounts for uncertain tax positions, if any, in accordance with FASB Accounting Standards Codification Section 740. In accordance with these professional standards the School recognizes tax positions only to the extent that Management believes that it is "more likely than not" that its tax positions will be sustained upon IRS examination. Management believes that it has no uncertain tax positions for the year ended June 30, 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt045200
IRS990ScheduleD/TotalExpensesPerForm990Amt04930175
IRS990ScheduleD/TotalLiabilityAmt080442
IRS990ScheduleD/TotalRevenuePerForm990Amt04978246
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04978246
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04930175
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/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The School receives monthly aid payments and grants from the State of Arizona based on the number of students enrolled and attending. The School also received federal grants passed through the Arizona Department of Education. These funds are used in accordance with the requirements set forth by the State of Arizona and/or the federal government.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 6b
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Julia Hibbs
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Family member of board member
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt058890
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Employee compensation
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Karen Kordon is the spouse of James Cordon.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The School provides the Form 990 to the president for review prior to signing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Data is obtained from other charter schools to provide comparability. Determinations are documented in the School's board meeting minutes, and board members recuse themselves from deliberations and voting on their own compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3See Pt VI, Line 15a above.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The School's governing documents, conflict of interest policy and financial statements are available upon request at the administrative office.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0844876
IRS990/TotalAssetsEOYAmt01567805
IRS990/TotalAssetsGrp/BOYAmt0844876
IRS990/TotalAssetsGrp/EOYAmt01567805
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04916246
IRS990/TotalEmployeeCnt089
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0187712
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04742464
IRS990/TotalFunctionalExpensesGrp/TotalAmt04930176
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0176879
IRS990/TotalLiabilitiesEOYAmt01034771
IRS990/TotalLiabilitiesGrp/BOYAmt0176879
IRS990/TotalLiabilitiesGrp/EOYAmt01034771
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0667997
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0533034
IRS990/TotalOtherCompensationAmt08886
IRS990/TotalProgramServiceExpensesAmt04742464
IRS990/TotalReportableCompFromOrgAmt0124176
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt062000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04978246
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0844876
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01567805
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt06648
IRS990/TravelGrp/TotalAmt06648
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0619797
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07634 W Camelback Rd
IRS990/USAddress/CityNm0Glendale
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085303
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0www.camelbackacademy.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Karen Kordon
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum06232472204
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Camelback Education Inc
ReturnHeader/Filer/BusinessNameControlTxt0CAME
ReturnHeader/Filer/EIN0680503595
ReturnHeader/Filer/PhoneNum06232472204
ReturnHeader/Filer/USAddress/AddressLine1Txt07634 W Camelback Rd
ReturnHeader/Filer/USAddress/CityNm0Glendale
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085303
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LORENZO PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01450 W GUADALUPE RD STE 111
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GILBERT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd085233
ReturnHeader/PreparerPersonGrp/PhoneNum04806441097
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Anthony Lorenzo
ReturnHeader/ReturnTs02021-05-17T18:40:18-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.29$7.49$1.80$8.15$7.47$0.68
2023Detailed filing. Detailed filing data is available for this year.$8.21$7.09$1.12$7.60$7.27$0.33
2022Detailed filing. Detailed filing data is available for this year.$7.85$7.06$0.79$6.55$6.34$0.21
2021Detailed filing. Detailed filing data is available for this year.$1.59$0.46$1.13$6.08$5.48$0.60
2020Detailed filing. Detailed filing data is available for this year.$1.57$1.03$0.53$4.98$4.93$0.05
2019Summary only. Only limited summary data is available for this year.$0.84$0.18$0.67$4.98$4.82$0.16
2018Summary only. Only limited summary data is available for this year.$0.65$0.15$0.51$4.82$4.71$0.12
2017Summary only. Only limited summary data is available for this year.$0.57$0.18$0.39$4.46$4.40$0.05
2016Summary only. Only limited summary data is available for this year.$0.45$0.12$0.33$4.36$4.34$0.02
2015Summary only. Only limited summary data is available for this year.$0.61$0.30$0.31$4.10$4.06$0.05
2014Summary only. Only limited summary data is available for this year.$0.43$0.17$0.27$3.96$4.01$0.05
2013Summary only. Only limited summary data is available for this year.$0.51$0.20$0.31$3.76$3.60$0.16
2012Summary only. Only limited summary data is available for this year.$0.39$0.24$0.15$3.61$3.29$0.32
2011Summary only. Only limited summary data is available for this year.$0.22$0.39$0.16$3.07$2.87$0.20