Civic Intelligence

Asu Prep Global Academy

990 • Fiscal year 2025 • EIN 82-1019991

Jul 01, 2024 to Jun 30, 2025 • Filed on Apr 10, 2026

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

45th percentile

0.14x

Higher debt load relative to assets than 45% of similar nonprofits.

2025 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

44th percentile

0.19x

Higher debt load relative to revenue than 44% of similar nonprofits.

2025 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

80th percentile

26%

Higher net margin than 80% of similar nonprofits.

2025 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

57th percentile

$266,732

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2025 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

85th percentile

18%

Faster asset growth than 85% of similar nonprofits.

2025 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

8th percentile

-25%

Faster revenue growth than 8% of similar nonprofits.

2025 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Assets

Up

$31,183,013

Up $4,734,963 (+18%) from 2024

Net Assets

Up

$26,931,929

Up $5,665,986 (+27%) from 2024

Liabilities

Down

$4,251,084

Down $931,023 (-18%) from 2024

Revenue

Down

$21,904,011

Down $7,122,291 (-25%) from 2024

Expenses

Down

$16,238,025

Down $4,299,466 (-21%) from 2024

Net Income

Down

$5,665,986

Down $2,822,825 (-33%) from 2024

Historical Trend

Balance Sheet Trend

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: $21,265,9432024Assets 2025: $31,183,013Liabilities 2025: $4,251,084Net Assets 2025: $26,931,9292025

Highlighted filing

2025

Assets$31,183,013
Liabilities$4,251,084
Net Assets$26,931,929

Operations Trend

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: $8,488,8112024Revenue 2025: $21,904,011Expenses 2025: $16,238,025Net Income 2025: $5,665,9862025

Highlighted filing

2025

Revenue$21,904,011
Expenses$16,238,025
Net Income$5,665,986
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Apr 10, 2026
Return Version
2024v5.0
Gross Receipts
$21,904,011
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$19,204,709$26,651,274▲ $7,446,565
Accounts Receivable$7,059,407$4,339,094▼ $2,720,313
Cash and Non-Interest-Bearing Accounts$109,930$124,819▲ $14,889
Prepaid Expenses and Deferred Charges$74,004$67,826▼ $6,178
Total Assets$26,448,050$31,183,013▲ $4,734,963
Liabilities
Accounts Payable and Accrued Expenses$4,296,910$3,474,229▼ $822,681
Deferred Revenue$682,831$439,124▼ $243,707
Other Liabilities$202,366$337,731▲ $135,365
Total Liabilities$5,182,107$4,251,084▼ $931,023
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$21,156,143$26,358,129▲ $5,201,986
Net Assets With Donor Restrictions$109,800$573,800▲ $464,000
Total Net Assets Fund Balance$21,265,943$26,931,929▲ $5,665,986
Total Liabilities and Net Assets / Fund Balance$26,448,050$31,183,013▲ $4,734,963
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Phillip NetolickyCFOFT$241,752$24,980$266,732

Board Members and Trustees

NameTitle
Julie YoungChairperson
Amy McgrathVice Chairpe
Michael HornDirector
Lisa EdgarTreas / Secr
Revenue and Support

Revenue Composition

Contributions and Grants
$478,595
Program Service Revenue
$20,432,028
Investment Income
$981,148
Other Revenue
$12,240
All Other Contributions
$478,595
Change in Net Assets
$5,665,986
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,977,508
Salaries, Compensation, and Employee Benefits$6,260,517
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$5,117,666$3,925,404-$9,043,070
Other Salaries and Wages$3,857,567$963,846-$4,821,413
Other Employee Benefits$358,865$105,959-$464,824
Payroll Taxes$287,058$84,757-$371,815
Pension Plan Contributions$259,201$76,532-$335,733
Current Officers, Directors, Trustees, and Key Employees$213,410$53,322-$266,732
Travel$73,597$51,051-$124,648
Office Expenses$1,412$68,839-$70,251
Occupancy$1,028$24,613-$25,641
Fees for Services Legal-$6,150-$6,150
Other Expenses$403$37-$440
All Other Expenses-$88-$88
Advertising-$80-$80
Total Functional Expenses$10,498,714$5,739,311$0$16,238,025
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$337,731
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
Phillip Netolicky
Title
CFO
Phone
4807275809
Signed
2026-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phillip Netolicky
Formed
2016
Legal Domicile
Az
Voting Board Members
4
Independent Board Members
2
Employees
76

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.

Form 990, Part IX, Line 11G

Professional services 5,117,666 3,925,404 0

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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/ExplanationTxt7PROFESSIONAL SERVICES 5,117,666 3,925,404 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
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