Civic Intelligence

A Plus Charter Schools

990 • Fiscal year 2022 • EIN 82-1453897

Jul 01, 2021 to Jun 30, 2022 • Filed on May 09, 2023

41735 W Alan Stephens PkwyMaricopa, AZ 85138

(520) 265-5589

Siviq Scores

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

Liabilities / Assets

95th percentile

1.12x

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

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

Liabilities / Revenue

92nd percentile

2.87x

Higher debt load relative to revenue than 92% of similar nonprofits.

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

Net Margin

26th percentile

-3.2%

Higher net margin than 26% of similar nonprofits.

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

Top Officer Pay

44th percentile

$110,019

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

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

Asset Growth

20th percentile

-9.6%

Faster asset growth than 20% of similar nonprofits.

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

Revenue Growth

90th percentile

82%

Faster revenue growth than 90% of similar nonprofits.

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

Assets

Down

$9,233,855

Down $983,569 (-9.6%) from 2021

Net Assets

Down

-$1,111,906

Down $492,458 (-79%) from 2021

Liabilities

Down

$10,345,761

Down $491,111 (-4.5%) from 2021

Revenue

Up

$3,608,598

Up $1,625,164 (+82%) from 2021

Expenses

Up

$3,723,672

Up $1,090,475 (+41%) from 2021

Net Income

Up

-$115,074

Up $534,689 (+82%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$9,233,855
Liabilities$10,345,761
Net Assets-$1,111,906

Operations Trend

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

2022

Revenue$3,608,598
Expenses$3,723,672
Net Income-$115,074
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 9, 2023
Return Version
2021v4.2
Gross Receipts
$3,608,598
Mission and Program Overview

Mission

To operate a public charter school in Arizona.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,853,570$7,755,712▼ $97,858
Savings and Temporary Cash Investments$131,257$511,422▲ $380,165
Cash and Non-Interest-Bearing Accounts$213,134$493,218▲ $280,084
Prepaid Expenses and Deferred Charges-$4,521-
Accounts Receivable$5,594$1,551▼ $4,043
Total Assets$10,217,424$9,233,855▼ $983,569
Other Assets Total$2,013,869$467,431▼ $1,546,438
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,796,927$9,599,454▼ $1,197,473
Accounts Payable and Accrued Expenses$39,945$746,307▲ $706,362
Total Liabilities$10,836,872$10,345,761▼ $491,111
Net Assets / Fund Balance
Net Assets With Donor Restrictions$51,544$221,205▲ $169,661
Net Assets Without Donor Restrictions$-670,992$-1,333,111▼ $662,119
Total Net Assets Fund Balance$-619,448$-1,111,906▼ $492,458
Total Liabilities and Net Assets / Fund Balance$10,217,424$9,233,855▼ $983,569

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,855,520$293,696$6,149,216
Land$1,579,174-$1,579,174
Equipment$321,018$77,819$398,837
Other Assets Org$467,431--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura NewcombDirector-$110,019-$110,019
Lauren GrayExecutive DirectorFT$61,636$7,800$69,436

Board Members and Trustees

NameTitle
Becki KruegerDirector
Deborah HavensDirector
Vicky SchildgenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$3,559,015
Program Service Revenue
$21,663
Investment Income
$355
Other Revenue
$27,565
Change in Net Assets
$-115,074

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,608,598
Total Revenue per Audited Statements
$3,608,598
Total Revenue per Form 990
$3,608,598
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,249,171
Salaries, Compensation, and Employee Benefits$1,474,501
Total Fundraising Expense$45,255
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,254,302--$1,254,302
Interest$732,212$28,903$9,634$770,749
Depreciation Depletion$192,702$7,607$2,536$202,845
Fees for Services Other$129,322$43,797-$173,119
Occupancy$161,909$6,391$2,130$170,430
Other Expenses$111,346$4,395$1,465$117,206
Payroll Taxes$111,644$1,151$2,302$115,097
Fees for Services Management-$75,829-$75,829
Current Officers, Directors, Trustees, and Key Employees$22,158$13,159$26,319$61,636
Other Employee Benefits$40,076$413$826$41,315
Fees for Services Accounting-$22,700-$22,700
Pension Plan Contributions$2,086$22$43$2,151
Total Functional Expenses$3,474,050$204,367$45,255$3,723,672

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,723,672
Total Expenses per Audited Statements$3,723,672
Total Expenses per Form 990$3,723,672
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising-$-16,972-$-16,972
Total Events-$-16,972-$-16,972
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Education Compliance Services LLCOver 35 owned by Rebekah KruegerFinancial servicesNo$34,500
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AArizona Industrial Development2020-02-01$11,300,000Educational facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----

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
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
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 governing body review Part VI line 11

The Form 990 is distributed to all board members prior to filing the return. The Schools executive director and members of the board of directors review the 990 and authorize its filing. The governing board reviews and ratifies the Form 990 after filing.

Conflict of interest policy compliance Part VI line 12C

Any conflicts are disclosed prior to voting on an agenda item with conflicted members abstaining from voting. Board members and other key employees are instructed annually on the conflict of interest policy and are required to submit a signed conflict disclosure form annually. Any disclosures are reviewed by the board on an annual basis.

CEO executive director top management comp Part VI line 15A

Salaries for top management are set by the board of directors of the management company during a duly called board meeting of said company as described in the bylaws. Prior obtained comparability data are reviewed and used by the board members. Compensation is set and reviewed on an annual basis in writing. The discussion and decision are recorded in the minutes.

Other officer or key employee compensation Part VI line 15B

All other employees of the School receive salaries based on comparability data and a schedule approved by the board of directors of the School.

Governing documents etc available to public Part VI line 19

Governing documents, policies, and financial statements may be reviewed by the public atthe Schools office in Maricopa during normal business hours.

Filing and Contact Details

Filer

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

Signing Officer

Name
Lauren Gray
Title
Executive Direc
Phone
5202655589
Signed
2023-05-09
Discuss with paid preparer
Yes

Organization Details

Formed
2017
Legal Domicile
Az
Voting Board Members
4
Independent Board Members
2
Employees
32

Preparer

Firm
Rob Paull CPA PC
Address
11811 N Tatum Blvd Ste 3031, Phoenix, AZ 85028-1621
Preparer
Rob Paull
Phone
4803858357
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IRS990ScheduleD/TotalExpensesPerForm990Amt03723672
IRS990ScheduleD/TotalRevenuePerForm990Amt03608598
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03608598
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03723672
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/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The School receives state equalization and other funds and federal pass-through grants and funds from the state of Arizona.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The Schools nondiscrimination policies are included in enrollment forms and marketing materials.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Governmental Agency Financial Aid (Questions 6a and 6b)
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of nondiscriminatory policy (Question 3)
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt016972
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt016972
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Fundraising
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0-16972
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0-16972
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-16972
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
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/CUSIPNum004052BLP7
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0true
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt011300000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0Arizona Industrial Development
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Educational facilities
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/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02021
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Education Compliance Services LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Over 35 owned by Rebekah Krueger
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt034500
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Financial services
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is distributed to all board members prior to filing the return. The Schools executive director and members of the board of directors review the 990 and authorize its filing. The governing board reviews and ratifies the Form 990 after filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Any conflicts are disclosed prior to voting on an agenda item with conflicted members abstaining from voting. Board members and other key employees are instructed annually on the conflict of interest policy and are required to submit a signed conflict disclosure form annually. Any disclosures are reviewed by the board on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Salaries for top management are set by the board of directors of the management company during a duly called board meeting of said company as described in the bylaws. Prior obtained comparability data are reviewed and used by the board members. Compensation is set and reviewed on an annual basis in writing. The discussion and decision are recorded in the minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All other employees of the School receive salaries based on comparability data and a schedule approved by the board of directors of the School.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents, policies, and financial statements may be reviewed by the public atthe Schools office in Maricopa during normal business hours.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt010217424
IRS990/TotalAssetsEOYAmt09233855
IRS990/TotalAssetsGrp/BOYAmt010217424
IRS990/TotalAssetsGrp/EOYAmt09233855
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03559015
IRS990/TotalEmployeeCnt032
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt045255
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0204367
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03474050
IRS990/TotalFunctionalExpensesGrp/TotalAmt03723672
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010836872
IRS990/TotalLiabilitiesEOYAmt010345761
IRS990/TotalLiabilitiesGrp/BOYAmt010836872
IRS990/TotalLiabilitiesGrp/EOYAmt010345761
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-619448
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1111906
IRS990/TotalOtherCompensationAmt07800
IRS990/TotalProgramServiceExpensesAmt03474050
IRS990/TotalProgramServiceRevenueAmt021663
IRS990/TotalReportableCompFromOrgAmt0171655
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt049583
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03608598
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010217424
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09233855
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0www.aplusaz.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1

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