Civic Intelligence

A Plus Charter Schools

990 • Fiscal year 2021 • EIN 82-1453897

Jul 01, 2020 to Jun 30, 2021 • Filed on May 17, 2022

Organization Profilewww.aplusaz.org
41735 W Alan Stephens ParkwayMaricopa, AZ 85138

(940) 597-9677

Siviq Scores

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

Liabilities / Assets

95th percentile

1.06x

Higher debt load relative to assets than 95% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

94th percentile

5.46x

Higher debt load relative to revenue than 94% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

6th percentile

-33%

Higher net margin than 6% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

19th percentile

$75,000

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

11th percentile

-5.0%

Faster asset growth than 11% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

97th percentile

449%

Faster revenue growth than 97% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$10,217,424

Down $534,718 (-5.0%) from 2020

Net Assets

Down

-$619,448

Down $1,072 (-0.2%) from 2020

Liabilities

Down

$10,836,872

Down $533,646 (-4.7%) from 2020

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin6th percentile

Revenue

Up

$1,983,434

Up $1,622,368 (+449%) from 2020

Expenses

Up

$2,633,197

Up $1,653,755 (+169%) from 2020

Net Income

Down

-$649,763

Down $31,387 (-5.1%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2020: $10,752,142Liabilities 2020: $11,370,518Net Assets 2020: -$618,3762020Assets 2021: $10,217,424Liabilities 2021: $10,836,872Net Assets 2021: -$619,4482021Assets 2022: $9,233,855Liabilities 2022: $10,345,761Net Assets 2022: -$1,111,9062022Assets 2023: $9,035,580Liabilities 2023: $9,797,063Net Assets 2023: -$761,4832023Assets 2024: $9,446,645Liabilities 2024: $9,699,749Net Assets 2024: -$253,1042024

Highlighted filing

2021

Assets$10,217,424
Liabilities$10,836,872
Net Assets-$619,448
Open 2021 Filing

Operations Trend

Revenue Growth97th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2020: $361,066Expenses 2020: $979,442Net Income 2020: -$618,3762020Revenue 2021: $1,983,434Expenses 2021: $2,633,197Net Income 2021: -$649,7632021Revenue 2022: $3,608,598Expenses 2022: $3,723,672Net Income 2022: -$115,0742022Revenue 2023: $3,851,558Expenses 2023: $3,501,135Net Income 2023: $350,4232023Revenue 2024: $4,604,493Expenses 2024: $4,096,114Net Income 2024: $508,3792024

Highlighted filing

2021

Revenue$1,983,434
Expenses$2,633,197
Net Income-$649,763
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 17, 2022
Return Version
2020v4.2
Gross Receipts
$1,983,434
Mission and Program Overview

Mission

To operate a public charter school in Arizona.

A tuition-free charter school, committed to providing all 7th through 12th grade students, from all walks of life, economic situations, and past academic challenges, access to a rich and meaningful education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,834,773$7,853,570▲ $3,018,797
Cash and Non-Interest-Bearing Accounts$5,917,369$344,391▼ $5,572,978
Loans From Officers Directors$15,753$71,787▲ $56,034
Pledges and Grants Receivable-$5,594-
Total Assets$10,752,142$10,217,424▼ $534,718
Other Assets Total-$2,013,869-
Liabilities
Tax Exempt Bond Liabilities$11,300,000$10,725,140▼ $574,860
Accounts Payable and Accrued Expenses$54,765$39,945▼ $14,820
Total Liabilities$11,370,518$10,836,872▼ $533,646
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$51,544-
Net Assets Without Donor Restrictions$-618,376$-670,992▼ $52,616
Total Net Assets Fund Balance$-618,376$-619,448▼ $1,072
Total Liabilities and Net Assets / Fund Balance$10,752,142$10,217,424▼ $534,718

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,959,528$140,000$6,099,528
Land$1,579,174-$1,579,174
Equipment$314,868$28,671$343,539
Other Assets Org$2,013,869--
Compensation and Service Providers
Top Officer Pay19th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Damon NorrisDirector of OperationsFT$75,000$75,000

Board Members and Trustees

NameTitle
Laura NewcombPresident
Deborah HavensDirector
Victoria SchildgenDirector
Rebekah KrugerSecretary / Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,983,434
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,983,434
Change in Net Assets
$-649,763

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,983,434
Total Revenue per Audited Statements
$1,983,434
Total Revenue per Form 990
$1,983,434
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,596,708
Salaries, Compensation, and Employee Benefits$1,036,489
Total Fundraising Expense$37,673
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$853,223$9,569$19,139$881,931
Interest$728,603$28,761$9,587$766,951
Other Expenses$199,665$34,750$2,747$237,162
Fees for Services Other$138,280$50,172-$188,452
Depreciation Depletion$160,238$6,325$2,108$168,671
Occupancy$114,450$4,518$1,506$120,474
Current Officers, Directors, Trustees, and Key Employees$75,000--$75,000
Payroll Taxes$70,232$724$1,448$72,404
Fees for Services Management-$13,918-$13,918
Pension Plan Contributions$6,939$72$143$7,154
Total Functional Expenses$2,443,731$151,793$37,673$2,633,197

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,633,197
Total Expenses per Audited Statements$2,633,197
Total Expenses per Form 990$2,633,197
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$15,753$71,787▲ $56,034
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-

Bond Issues

BondIssuerIssuedIssue PricePurpose
AArizona Industrial Development Authority Series 20202020-02-01$11,300,000Construction of School Building

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$11,300,000--$574,860

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy of the Form 990 is emailed to all board members prior to submitting to the IRS.”

Form 990, Part VI, Section B, Line 12C

“The organization enforced compliance with its conflict of interest policy by reviewing it periodically at board meetings.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
A Plus Charter Schools
EIN
82-1453897
Phone
9405979677
Address
41735 W Alan Stephens Parkway, Maricopa, AZ 85138

Signing Officer

Name
Laura Newcomb
Title
President
Signed
2022-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Newcomb
Formed
2017
Legal Domicile
Az
Voting Board Members
4
Independent Board Members
4
Employees
22
Volunteers
4

Preparer

Firm
Foundation Group Inc
Address
2451 Atrium Way Suite 300, Nashville, TN 37214
Preparer
William G McRay
Phone
6153619445
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Other Change in Net Assets Audit Reclassifications related to 2020 Bond Issuance 648,691”

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IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
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IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The organization is funded by the Arizona Department of Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990/ScheduleJRequiredInd0false
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IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0true
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02020-02-01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0813526584
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt011300000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0Arizona Industrial Development Authority Series 2020
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Construction of School Building
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt08654937
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt02013869
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0574860
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02020
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt011300000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt056334
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt071787
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Start Up Funds
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt071787
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Laura Newcomb
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt071787
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the Form 990 is emailed to all board members prior to submitting to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization enforced compliance with its conflict of interest policy by reviewing it periodically at board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Other Change in Net Assets Audit Reclassifications related to 2020 Bond Issuance 648,691
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Line 9
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt011300000
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt010725140
IRS990/TaxExemptBondsInd0true
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt010217424
IRS990/TotalAssetsGrp/BOYAmt010752142
IRS990/TotalAssetsGrp/EOYAmt010217424
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01983434
IRS990/TotalEmployeeCnt022
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt037673
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0151793
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02443731
IRS990/TotalFunctionalExpensesGrp/TotalAmt02633197
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011370518
IRS990/TotalLiabilitiesEOYAmt010836872
IRS990/TotalLiabilitiesGrp/BOYAmt011370518
IRS990/TotalLiabilitiesGrp/EOYAmt010836872
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-618376
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-619448
IRS990/TotalProgramServiceExpensesAmt02443731
IRS990/TotalReportableCompFromOrgAmt075000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01983434
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010752142
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010217424
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt041735 W Alan Stephens Parkway
IRS990/USAddress/CityNm0Maricopa
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085138
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.aplusaz.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,217,424
Liabilities
$10,836,872
Net assets
-$619,448
Revenue
$1,983,434
Expenses
$2,633,197
Net income
-$649,763
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.45$9.70$0.25$4.60$4.10$0.51
2023Detailed filing. Detailed filing data is available for this year.$9.04$9.80$0.76$3.85$3.50$0.35
2022Detailed filing. Detailed filing data is available for this year.$9.23$10.3$1.11$3.61$3.72$0.12
2021Detailed filing. Detailed filing data is available for this year.$10.2$10.8$0.62$1.98$2.63$0.65
2020Summary only. Only limited summary data is available for this year.$10.8$11.4$0.62$0.36$0.98$0.62