Civic Intelligence

Camelback Education Inc.

990 • Fiscal year 2023 • EIN 68-0503595

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

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

0.86x

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

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

Liabilities / Revenue

82nd percentile

0.93x

Higher debt load relative to revenue than 82% of similar nonprofits.

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

Net Margin

51st percentile

4.3%

Higher net margin than 51% of similar nonprofits.

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

Top Officer Pay

54th percentile

$134,244

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

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

Asset Growth

48th percentile

4.6%

Faster asset growth than 48% of similar nonprofits.

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

Revenue Growth

65th percentile

16%

Faster revenue growth than 65% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$8,214,256

Up $364,586 (+4.6%) from 2022

Net Assets

Up

$1,120,431

Up $326,963 (+41%) from 2022

Liabilities

Up

$7,093,825

Up $37,623 (+0.5%) from 2022

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin51st percentile

Revenue

Up

$7,601,047

Up $1,046,100 (+16%) from 2022

Expenses

Up

$7,274,084

Up $930,405 (+15%) from 2022

Net Income

Up

$326,963

Up $115,695 (+55%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth48th 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

2023

Assets$8,214,256
Liabilities$7,093,825
Net Assets$1,120,431
Open 2023 Filing

Operations Trend

Revenue Growth65th 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

2023

Revenue$7,601,047
Expenses$7,274,084
Net Income$326,963
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$7,601,047
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$5,978,827$3,651,593▼ $2,327,234
Cash and Non-Interest-Bearing Accounts$1,770,971$1,732,208▼ $38,763
Pledges and Grants Receivable$96,629$338,729▲ $242,100
Prepaid Expenses and Deferred Charges$3,243$4,268▲ $1,025
Total Assets$7,849,670$8,214,256▲ $364,586
Other Assets Total$0$2,487,458▲ $2,487,458
Liabilities
Tax Exempt Bond Liabilities$4,034,201$3,857,891▼ $176,310
Other Liabilities$2,534,284$2,750,049▲ $215,765
Accounts Payable and Accrued Expenses$407,275$485,885▲ $78,610
Deferred Revenue$80,442--
Total Liabilities$7,056,202$7,093,825▲ $37,623
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$793,468$1,120,431▲ $326,963
Total Net Assets Fund Balance$793,468$1,120,431▲ $326,963
Total Liabilities and Net Assets / Fund Balance$7,849,670$8,214,256▲ $364,586

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,569,143$1,489,084$5,058,227
Equipment$79,875$196,040$275,915
Land$2,575-$2,575
Other Assets Org$2,487,458--
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen KordonDirector/CEOFT$124,683$9,561$134,244
Julia HibbsOfficerFT$73,519$4,592$78,111

Board Members and Trustees

NameTitle
Daniel WatermanOfficer
Zanndra EnriquezOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,484,133
Program Service Revenue
$0
Investment Income
$21,964
Other Revenue
$94,950
All Other Contributions
$1,200
Change in Net Assets
$326,963

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,601,047
Total Revenue per Audited Statements
$7,601,047
Total Revenue per Form 990
$7,601,047
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,262,205
Other Expenses$3,011,879
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,144,932$112,531$0$3,257,463
Office Expenses$900,329$14,046$0$914,375
Fees for Services Other$512,939$52,482$0$565,421
Occupancy$522,180$0$0$522,180
Depreciation Depletion$428,096$0$0$428,096
Other Employee Benefits$419,397$0$0$419,397
Payroll Taxes$253,521$12,389$0$265,910
Current Officers, Directors, Trustees, and Key Employees$143,046$49,417$0$192,463
Information Technology$141,088$0$0$141,088
Pension Plan Contributions$126,972$0$0$126,972
Other Expenses$35,108$27,740$0$62,848
Fees for Services Accounting$0$54,550$0$54,550
Travel$38,509$0$0$38,509
All Other Expenses$31,913$0$0$31,913
Advertising$23,020$0$0$23,020
Total Functional Expenses$6,950,929$323,155$0$7,274,084

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,274,084
Total Expenses per Audited Statements$7,274,084
Total Expenses per Form 990$7,274,084
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$191,176
Julia HibbsFamily member of board memberEmployee compensationNo$81,348
Wes KordonFamily member of board memberContracted marketing/advertising servicesNo$11,538
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Finance leases payable$2,750,049

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIndustrial Development Authority - Maricopa County2017-06-28$4,939,700Refinance of existing loans

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$4,939,700$4,787,850$862,114$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
2024-05-15
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
94
Volunteers
12

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, 2023.”

Raw XML AppendixShowing 400 of 480 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0407275
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0485885
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Camelback Academy's mission is to inspire and challenge the next generation to impact their world.
IRS990/AdvertisingGrp/FundraisingAmt00
IRS990/AdvertisingGrp/ManagementAndGeneralAmt00
IRS990/AdvertisingGrp/ProgramServicesAmt023020
IRS990/AdvertisingGrp/TotalAmt023020
IRS990/AllOtherContributionsAmt01200
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt031913
IRS990/AllOtherExpensesGrp/TotalAmt031913
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0false
IRS990/BooksInCareOfDetail/PersonNm0Karen Kordon
IRS990/BooksInCareOfDetail/PhoneNum06022472204
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt07634 W Camelback Rd
IRS990/BooksInCareOfDetail/USAddress/CityNm0Glendale
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AZ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd085303
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0true
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01770971
IRS990/CashNonInterestBearingGrp/EOYAmt01732208
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt049417
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0143046
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0192463
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt07484133
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt021964
IRS990/CYOtherExpensesAmt03011879
IRS990/CYOtherRevenueAmt094950
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0326963
IRS990/CYSalariesCompEmpBnftPaidAmt04262205
IRS990/CYTotalExpensesAmt07274084
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt07601047
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt080442
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0428096
IRS990/DepreciationDepletionGrp/TotalAmt0428096
IRS990/Desc0Camelback Education provides educational services to students in Kindergarten through eighth grades and served approximately 620 students in the 2022-2023 school year.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt094
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0true
IRS990/ExpenseAmt06950929
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt054550
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt054550
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt052482
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0512939
IRS990/FeesForServicesOtherGrp/TotalAmt0565421
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt09561
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt14592
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0Karen Kordon
IRS990/Form990PartVIISectionAGrp/PersonNm1Julia Hibbs
IRS990/Form990PartVIISectionAGrp/PersonNm2Daniel Waterman
IRS990/Form990PartVIISectionAGrp/PersonNm3Zanndra Enriquez
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0124683
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt173519
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Officer
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt07482933
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt07601047
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
IRS990/InformationTechnologyGrp/ProgramServicesAmt0141088
IRS990/InformationTechnologyGrp/TotalAmt0141088
IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt021964
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01685124
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05978827
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03651593
IRS990/LandBldgEquipCostOrOtherBssAmt05336717
IRS990/LegalDomicileStateCd0AZ
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Camelback Academy's mission is to inspire and challenge the next generation to impact their world.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0793468
IRS990/NetAssetsOrFundBalancesEOYAmt01120431
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0793468
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01120431
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt0522180
IRS990/OccupancyGrp/TotalAmt0522180
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014046
IRS990/OfficeExpensesGrp/ProgramServicesAmt0900329
IRS990/OfficeExpensesGrp/TotalAmt0914375
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt02487458
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0419397
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0419397
IRS990/OtherExpensesGrp/Desc0Food Service - Student Meals
IRS990/OtherExpensesGrp/Desc1Dues & fees
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt127740
IRS990/OtherExpensesGrp/ProgramServicesAmt0229879
IRS990/OtherExpensesGrp/ProgramServicesAmt135108
IRS990/OtherExpensesGrp/TotalAmt0229879
IRS990/OtherExpensesGrp/TotalAmt162848
IRS990/OtherLiabilitiesGrp/BOYAmt02534284
IRS990/OtherLiabilitiesGrp/EOYAmt02750049
IRS990/OtherRevenueMiscGrp/BusinessCd0611620
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0School activites
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt021397
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt173553
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt021397
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt173553
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueTotalAmt094950
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0112531
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03144932
IRS990/OtherSalariesAndWagesGrp/TotalAmt03257463
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012389
IRS990/PayrollTaxesGrp/ProgramServicesAmt0253521
IRS990/PayrollTaxesGrp/TotalAmt0265910
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0126972
IRS990/PensionPlanContributionsGrp/TotalAmt0126972
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt096629
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0338729
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03243
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04268
IRS990/PrincipalOfficerNm0Karen Kordon
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt06511201
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt02492833
IRS990/PYOtherRevenueAmt043746
IRS990/PYRevenuesLessExpensesAmt0211268
IRS990/PYSalariesCompEmpBnftPaidAmt03850846
IRS990/PYTotalExpensesAmt06343679
IRS990/PYTotalRevenueAmt06554947
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0326963
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0116914
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03569143
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01489084
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05058227
IRS990ScheduleD/EquipmentGrp/BookValueAmt079875
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0196040
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0275915
IRS990ScheduleD/ExpensesSubtotalAmt07274084
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt02575
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02575
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02487458
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Finance Lease - Right Of Use Asset
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02750049
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Finance leases payable
IRS990ScheduleD/RevenueSubtotalAmt07601047
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, 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03651593
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02487458
IRS990ScheduleD/TotalExpensesPerForm990Amt07274084
IRS990ScheduleD/TotalLiabilityAmt02750049
IRS990ScheduleD/TotalRevenuePerForm990Amt07601047
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07601047
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07274084
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
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/BondIssuedDt02017-06-28
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/BondDefeasedAmt0198003
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0151850
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt04787850
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt0862114
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02017
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt04939700
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Karen Kordon
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Julia Hibbs
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2Wes Kordon
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Family member of board member
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Family member of board member
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2Family member of board member
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0191176
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt181348
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt211538
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Employee compensation
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Employee compensation
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2Contracted marketing/advertising services
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/BOYAmt04034201
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt03857891
IRS990/TaxExemptBondsInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,214,256
Liabilities
$7,093,825
Net assets
$1,120,431
Revenue
$7,601,047
Expenses
$7,274,084
Net income
$326,963
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