Civic Intelligence

Camelback Education Inc.

990 • Fiscal year 2022 • EIN 68-0503595

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

Organization Profilewww.camelbackacademy.com
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

91st percentile

0.90x

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

84th percentile

1.08x

Higher debt load relative to revenue than 84% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

42nd percentile

3.2%

Higher net margin than 42% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

57th percentile

$138,429

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

99th percentile

394%

Faster asset growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

55th percentile

7.8%

Faster revenue growth than 55% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$7,849,670

Up $6,260,161 (+394%) from 2021

Net Assets

Down

$793,468

Down $340,233 (-30%) from 2021

Liabilities

Up

$7,056,202

Up $6,600,394 (+1448%) from 2021

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin42nd percentile

Revenue

Up

$6,554,947

Up $475,542 (+7.8%) from 2021

Expenses

Up

$6,343,679

Up $864,941 (+16%) from 2021

Net Income

Down

$211,268

Down $389,399 (-65%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

2022

Assets$7,849,670
Liabilities$7,056,202
Net Assets$793,468
Open 2022 Filing

Operations Trend

Revenue Growth55th percentile

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

2022

Revenue$6,554,947
Expenses$6,343,679
Net Income$211,268
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.1
Gross Receipts
$6,554,947
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
Land, Buildings, and Equipment, Net$49,688$5,978,827▲ $5,929,139
Cash and Non-Interest-Bearing Accounts$1,156,794$1,770,971▲ $614,177
Pledges and Grants Receivable$299,708$96,629▼ $203,079
Accounts Receivable$83,319--
Prepaid Expenses and Deferred Charges-$3,243-
Total Assets$1,589,509$7,849,670▲ $6,260,161
Liabilities
Tax Exempt Bond Liabilities-$4,034,201-
Other Liabilities$80,442$2,534,284▲ $2,453,842
Accounts Payable and Accrued Expenses$375,366$407,275▲ $31,909
Deferred Revenue-$80,442-
Total Liabilities$455,808$7,056,202▲ $6,600,394
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,133,701$793,468▼ $340,233
Total Net Assets Fund Balance$1,133,701$793,468▼ $340,233
Total Liabilities and Net Assets / Fund Balance$1,589,509$7,849,670▲ $6,260,161

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,951,222$1,673,880$7,625,102
Equipment$27,605$175,538$203,143
Land$0--
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen KordonDirector/CEOFT$125,999$12,430$138,429
Julia HibbsOfficerFT$60,843$10,306$71,149

Board Members and Trustees

NameTitle
James KordonVice President
Daniel WatermanOfficer
Zanndra EnriquezOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,511,201
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$43,746
All Other Contributions
$1,200
Change in Net Assets
$211,268

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,554,947
Total Revenue per Audited Statements
$6,554,947
Total Revenue per Form 990
$6,554,947
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,850,846
Other Expenses$2,492,833
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,906,029$50,910$0$2,956,939
Office Expenses$914,624$18,728$0$933,352
Depreciation Depletion$401,562$0$0$401,562
Occupancy$381,417$0$0$381,417
Other Employee Benefits$331,343$3,269$0$334,612
Fees for Services Other$278,331$29,593$0$307,924
Information Technology$203,611$71,460$0$275,071
Current Officers, Directors, Trustees, and Key Employees$224,082$25,000$0$249,082
Payroll Taxes$221,252$5,528$0$226,780
Other Expenses$64,709$24,135$0$88,844
Pension Plan Contributions$83,433$0$0$83,433
Fees for Services Accounting$0$48,000$0$48,000
Advertising$32,535$0$0$32,535
Travel$18,754$0$0$18,754
Fees for Services Legal$0$4,296$0$4,296
All Other Expenses$1,078$0$0$1,078
Total Functional Expenses$6,062,760$280,919$0$6,343,679

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,343,679
Total Expenses per Audited Statements$6,343,679
Total Expenses per Form 990$6,343,679
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
Karen KordonFamily member of board memberEmployee compensationNo$152,430
Julia HibbsFamily member of board memberEmployee compensationNo$96,652
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital leases payable$2,534,284
Due to state of Arizona$0

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIndustrial Development Authority - Maricopa County2017-06-27$4,939,700Refinance of existing loans

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$4,939,700$4,787,850$749,860$151,850

Bond Financing Compliance

Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Kordon
Formed
2002
Legal Domicile
Az
Voting Board Members
4
Independent Board Members
2
Employees
96
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, James Kordon, and Julia Hibbs have a familial relationship.”

Pt VI, Line 11B

“The School provides the Form 990 to the president and the board 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 12C

“Board members are required to disclose potential conflicts of interest annually, and contracts that may represent a conflict of interest are evaluated at a board-level.”

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, 2022.”

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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt083433
IRS990/PensionPlanContributionsGrp/TotalAmt083433
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0299708
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt096629
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03243
IRS990/PrincipalOfficerNm0Karen Kordon
IRS990/PriorPeriodAdjustmentsAmt0-551501
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt06044712
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt01885735
IRS990/PYOtherRevenueAmt034693
IRS990/PYRevenuesLessExpensesAmt0600667
IRS990/PYSalariesCompEmpBnftPaidAmt03593003
IRS990/PYTotalExpensesAmt05478738
IRS990/PYTotalRevenueAmt06079405
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0211268
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt043746
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt05951222
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01673880
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07625102
IRS990ScheduleD/EquipmentGrp/BookValueAmt027605
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0175538
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0203143
IRS990ScheduleD/ExpensesSubtotalAmt06343679
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02534284
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt10
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Capital leases payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to state of Arizona
IRS990ScheduleD/RevenueSubtotalAmt06554947
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, 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05978827
IRS990ScheduleD/TotalExpensesPerForm990Amt06343679
IRS990ScheduleD/TotalLiabilityAmt02534284
IRS990ScheduleD/TotalRevenuePerForm990Amt06554947
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06554947
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06343679
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/ExplanationTxt1The 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
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0Part I, Col (c): According to the bond documents, because the Purchaser has no immediate intent to trade the Bonds and as a condition to the purchase of the Bonds from the Issuer, the Bonds will not have a CUSIP number.
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt1Part III, Line 9: The School does not have nonqualified bonds.
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt2Part IV, Line 7: The procedures did not apply during the 12-month period as rebate not due yet.
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt3Part V: The procedures did not apply during the 12-month period.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc1Other
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc2Other
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc3Other
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfGICPct00.000000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfHedgePct00.000000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02017-06-27
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0860445263
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0SeePartVI
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt04939700
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0Industrial Development Authority - Maricopa County
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Refinance of existing loans
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropPct00.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusConcerningUBIPct00.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusUseByOthersPct00.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/TotalPrivateBusinessUsePct00.00000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondDefeasedAmt0112254
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0151850
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt04787850
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt0749860
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02017
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt04939700
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Karen Kordon
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Julia Hibbs
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Family member of board member
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Family member of board member
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0152430
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt196652
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Employee compensation
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Employee compensation
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Karen Kordon, James Kordon, and Julia Hibbs have a familial relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The School provides the Form 990 to the president and the board 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/ExplanationTxt3Board members are required to disclose potential conflicts of interest annually, and contracts that may represent a conflict of interest are evaluated at a board-level.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4See Pt VI, Line 15a above.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The 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 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt04034201
IRS990/TaxExemptBondsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01589509
IRS990/TotalAssetsEOYAmt07849670

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,849,670
Liabilities
$7,056,202
Net assets
$793,468
Revenue
$6,554,947
Expenses
$6,343,679
Net income
$211,268
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