Civic Intelligence

Asu Prep Global Academy

990 • Fiscal year 2019 • EIN 82-1019991

Jan 01, 2019 to Dec 31, 2019 • Filed on May 17, 2021

Organization ProfileWWW.ASUPREPDIGITAL.ORG

View Organization Page

300 E University Dr Ste 210Tempe, AZ 85281

(480) 727-5809

Siviq Scores

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

Liabilities / Assets

100th percentile

52.75x

Higher debt load relative to assets than 100% of similar nonprofits.

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

Liabilities / Revenue

93rd percentile

2.75x

Higher debt load relative to revenue than 93% of similar nonprofits.

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

Net Margin

1st percentile

-217%

Higher net margin than 1% of similar nonprofits.

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

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

1st percentile

-77%

Faster asset growth than 1% of similar nonprofits.

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

Revenue Growth

98th percentile

324%

Faster revenue growth than 98% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets100th percentile

Assets

Up

$2,510,073

Up $2,266,879 (+932%) from 2018

Net Assets

Down

-$3,028,130

Down $2,459,151 (-432%) from 2018

Liabilities

Up

$5,538,203

Up $4,726,030 (+582%) from 2018

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin1st percentile

Revenue

Up

$1,221,407

Up $969,067 (+384%) from 2018

Expenses

Up

$1,364,277

Up $542,958 (+66%) from 2018

Net Income

Up

-$142,870

Up $426,109 (+75%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$40M$30M$20M$10M$0-$10MAssets 2018: $243,194Liabilities 2018: $812,173Net Assets 2018: -$568,9792018Assets 2019: $2,510,073Liabilities 2019: $5,538,203Net Assets 2019: -$3,028,1302019Assets 2022: $12,894,255Liabilities 2022: $8,125,160Net Assets 2022: $4,769,0952022Assets 2023: $31,371,118Liabilities 2023: $18,593,986Net Assets 2023: $12,777,1322023Assets 2024: $26,448,050Liabilities 2024: $5,182,107Net Assets 2024: $21,265,9432024

Highlighted filing

2019

Assets$2,510,073
Liabilities$5,538,203
Net Assets-$3,028,130
Open 2019 Filing

Operations Trend

Revenue Growth98th percentile

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

$30M$20M$10M$0-$10MRevenue 2018: $252,340Expenses 2018: $821,319Net Income 2018: -$568,9792018Revenue 2019: $1,221,407Expenses 2019: $1,364,277Net Income 2019: -$142,8702019Revenue 2022: $18,806,197Expenses 2022: $12,548,403Net Income 2022: $6,257,7942022Revenue 2023: $24,135,904Expenses 2023: $16,127,867Net Income 2023: $8,008,0372023Revenue 2024: $29,026,302Expenses 2024: $20,537,491Net Income 2024: $8,488,8112024

Highlighted filing

2019

Revenue$1,221,407
Expenses$1,364,277
Net Income-$142,870
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 17, 2021
Return Version
2019v5.0
Gross Receipts
$1,221,407
Mission and Program Overview

Mission

Asu prep global academy is advancing next-generation education models that transcend the traditional boundaries between high school and college and eliminates the barriers based on location, modality, background, and income so that all learners can thrive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$1,816,525-
Accounts Receivable$48,272$685,128▲ $636,856
Cash and Non-Interest-Bearing Accounts$7,482$8,420▲ $938
Total Assets$55,754$2,510,073▲ $2,454,319
Liabilities
Other Liabilities$2,123,750$3,722,411▲ $1,598,661
Deferred Revenue$8,625$1,008,016▲ $999,391
Accounts Payable and Accrued Expenses$808,639$807,776▼ $863
Total Liabilities$2,941,014$5,538,203▲ $2,597,189
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,885,260$-3,028,130▼ $142,870
Total Net Assets Fund Balance$-2,885,260$-3,028,130▼ $142,870
Total Liabilities and Net Assets / Fund Balance$55,754$2,510,073▲ $2,454,319
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Julie YoungPresident an
Ann BattleSecretary
Forrest Valora IiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,221,407
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-142,870
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,200,377
Other Expenses$163,900
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$692,996$307,004-$1,000,000
Pension Plan Contributions$85,846$38,031-$123,877
Payroll Taxes$53,014$23,486-$76,500
Other Expenses$4,138$1,833-$5,971
Office Expenses$422$187-$609
Information Technology$262$116-$378
Total Functional Expenses$945,439$418,838$0$1,364,277
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
Due to Related Party$3,722,411
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The sole member of asu prep global academy is asu preparatory academy, an organization exempt from taxation under internal revenue code section 501 (c)(3).”

Form 990, Page 6, Part VI, Line 7A

“Asu prep global academy's tax-exempt sole member appoints the directors and officers.”

Form 990, Page 6, Part VI, Line 7B

“Asu prep global academy's tax-exempt sole member retains approval rights over key decisions such as changes to the articles of incorporation, bylaws, and adoption of the business plan prepared annually by the board of directors.”

Form 990, Page 6, Part VI, Line 11B

“A draft of the completed form 990 is provided to certain officers, accounting staff, and each board member for review. The return will be filed after any clarifications and corrections have been made.”

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

“Any board member or employee of the school who has, or whose relative has, a substantial interest in any contract, sale, purchase, or service to the school shall make known that interest in the official records of the school and shall refrain from voting upon or otherwise participating in any manner as a board member or employee in such contract, sale or purchase. The board must approve each purchase from a board member, and the amount of the purchase or contract for purchase shall be included in the minutes of the meeting at which the board approves the purchase.”

Form 990, Page 6, Part VI, Line 19

“All documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Asu Prep Global Academy
EIN
82-1019991
Phone
4807275809
Address
300 E UNIVERSITY DR STE 210, TEMPE, AZ 85281

Signing Officer

Name
Forrest Valora Ii
Title
Treasurer
Phone
4807275809
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Young
Formed
2016
Legal Domicile
Az
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Fester & Chapman Pllc
Address
9019 E BAHIA DR STE 100, SCOTTSDALE, AZ 85260
Preparer
Rachel R Locke CPA
Phone
6022643077
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Asu prep global academy is advancing next-generation education models that transcend the traditional boundaries between high school and college and eliminates the barriers based on location, modality, background, and income so that all learners can thrive.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASU PREP GLOBAL ACADEMY IS ADVANCING NEXT-GENERATION EDUCATION MODELS THAT TRANSCEND THE TRADITIONAL BOUNDARIES BETWEEN HIGH SCHOOL AND COLLEGE AND ELIMINATES THE BARRIERS BASED ON LOCATION, MODALITY, BACKGROUND, AND INCOME SO THAT ALL LEARNERS CAN THRIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SOLE MEMBER OF ASU PREP GLOBAL ACADEMY IS ASU PREPARATORY ACADEMY, AN ORGANIZATION EXEMPT FROM TAXATION UNDER INTERNAL REVENUE CODE SECTION 501 (C)(3).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ASU PREP GLOBAL ACADEMY'S TAX-EXEMPT SOLE MEMBER APPOINTS THE DIRECTORS AND OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ASU PREP GLOBAL ACADEMY'S TAX-EXEMPT SOLE MEMBER RETAINS APPROVAL RIGHTS OVER KEY DECISIONS SUCH AS CHANGES TO THE ARTICLES OF INCORPORATION, BYLAWS, AND ADOPTION OF THE BUSINESS PLAN PREPARED ANNUALLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A DRAFT OF THE COMPLETED FORM 990 IS PROVIDED TO CERTAIN OFFICERS, ACCOUNTING STAFF, AND EACH BOARD MEMBER FOR REVIEW. THE RETURN WILL BE FILED AFTER ANY CLARIFICATIONS AND CORRECTIONS HAVE BEEN MADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANY BOARD MEMBER OR EMPLOYEE OF THE SCHOOL WHO HAS, OR WHOSE RELATIVE HAS, A SUBSTANTIAL INTEREST IN ANY CONTRACT, SALE, PURCHASE, OR SERVICE TO THE SCHOOL SHALL MAKE KNOWN THAT INTEREST IN THE OFFICIAL RECORDS OF THE SCHOOL AND SHALL REFRAIN FROM VOTING UPON OR OTHERWISE PARTICIPATING IN ANY MANNER AS A BOARD MEMBER OR EMPLOYEE IN SUCH CONTRACT, SALE OR PURCHASE. THE BOARD MUST APPROVE EACH PURCHASE FROM A BOARD MEMBER, AND THE AMOUNT OF THE PURCHASE OR CONTRACT FOR PURCHASE SHALL BE INCLUDED IN THE MINUTES OF THE MEETING AT WHICH THE BOARD APPROVES THE PURCHASE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FORREST VALORA II
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04807275809
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASU PREP GLOBAL ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0ASUP
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ReturnHeader/Filer/PhoneNum04807275809
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ReturnHeader/PreparerPersonGrp/PhoneNum06022643077
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RACHEL R LOCKE CPA
ReturnHeader/ReturnTs02021-05-17T18:56:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$2,510,073
Liabilities
$5,538,203
Net assets
-$3,028,130
Revenue
$1,221,407
Expenses
$1,364,277
Net income
-$142,870
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$26.4$5.18$21.3$29.0$20.5$8.49
2023Detailed filing. Detailed filing data is available for this year.$31.4$18.6$12.8$24.1$16.1$8.01
2022Detailed filing. Detailed filing data is available for this year.$12.9$8.13$4.77$18.8$12.5$6.26
2019Detailed filing. Detailed filing data is available for this year.$2.51$5.54$3.03$1.22$1.36$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.24$0.81$0.57$0.25$0.82$0.57