Civic Intelligence

Self Development Eastmark Academy

990 • Fiscal year 2021 • EIN 82-2956924

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

1709 North Greenfield RoadMesa, AZ 85205

(480) 641-2640

Siviq Scores

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

Liabilities / Assets

97th percentile

1.58x

Higher debt load relative to assets than 97% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

85th percentile

0.51x

Higher debt load relative to revenue than 85% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

19th percentile

-7.9%

Higher net margin than 19% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

77th percentile

$70,200

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

90th percentile

88%

Faster asset growth than 90% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

76th percentile

55%

Faster revenue growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$227,523

Up $106,309 (+88%) from 2020

Net Assets

Down

-$131,920

Down $55,089 (-72%) from 2020

Liabilities

Up

$359,443

Up $161,398 (+81%) from 2020

Revenue

Up

$700,736

Up $247,402 (+55%) from 2020

Expenses

Up

$755,825

Up $184,645 (+32%) from 2020

Net Income

Up

-$55,089

Up $62,757 (+53%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200KAssets 2019: $117,214Liabilities 2019: $76,143Net Assets 2019: $41,0712019Assets 2020: $121,214Liabilities 2020: $198,045Net Assets 2020: -$76,8312020Assets 2021: $227,523Liabilities 2021: $359,443Net Assets 2021: -$131,9202021Assets 2022: $232,817Liabilities 2022: $49,043Net Assets 2022: $183,7742022

Highlighted filing

2021

Assets$227,523
Liabilities$359,443
Net Assets-$131,920

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2019: $286,239Expenses 2019: $246,333Net Income 2019: $39,9062019Revenue 2020: $453,334Expenses 2020: $571,180Net Income 2020: -$117,8462020Revenue 2021: $700,736Expenses 2021: $755,825Net Income 2021: -$55,0892021Revenue 2022: $542,273Expenses 2022: $232,443Net Income 2022: $309,8302022

Highlighted filing

2021

Revenue$700,736
Expenses$755,825
Net Income-$55,089
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.0
Gross Receipts
$700,736
Mission and Program Overview

Mission

To nurture students inner spirit of curiosity, inspire students to develop intrinsic motivation to achieve scholarly potential, empower students to take ownership of their learning, foster passion for life-long learning, and promote the merit of serving the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$39,131$129,127▲ $89,996
Land, Buildings, and Equipment, Net$34,004$64,961▲ $30,957
Loans From Officers Directors$30,292$43,787▲ $13,495
Prepaid Expenses and Deferred Charges$29,718$23,775▼ $5,943
Accounts Receivable-$1,192-
Pledges and Grants Receivable$9,024$131▼ $8,893
Total Assets$121,214$227,523▲ $106,309
Other Assets Total$9,337$8,337▼ $1,000
Liabilities
Other Liabilities$157,209$313,413▲ $156,204
Deferred Revenue$5,678--
Accounts Payable and Accrued Expenses$4,866$2,243▼ $2,623
Total Liabilities$198,045$359,443▲ $161,398
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,033--
Net Assets Without Donor Restrictions$-78,864$-131,920▼ $53,056
Total Net Assets Fund Balance$-76,831$-131,920▼ $55,089
Total Liabilities and Net Assets / Fund Balance$121,214$227,523▲ $106,309

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$64,961$18,613$83,574
Leasehold Improvements-$4,950$4,950
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Asif MajeedPresidentPT$70,200$70,200
Anjum MajeedVP/secretaryPT$36,667$36,667
Vernetta MadsenMemberPT$22,830$22,830

Board Members and Trustees

NameTitle
Patricia JimenezMember
Rachel HuntTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Self Development Education ResourcesEmployee Lease1709 N GREENFIELD RD, Mesa, AZ 85205$139,500
Revenue and Support

Revenue Composition

Contributions and Grants
$699,598
Program Service Revenue
$1,138
Investment Income
$0
Other Revenue
$0
All Other Contributions
$120,130
Change in Net Assets
$-55,089

Audited Revenue Reconciliation

Revenue per Audited Statements
$700,736
Total Revenue per Audited Statements
$700,736
Total Revenue per Form 990
$700,736
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$755,825
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$238,325$9,196-$247,521
Office Expenses$97,479$101,850-$199,329
Advertising-$57,549-$57,549
Fees for Services Other$18,907$22,628-$41,535
Fees for Services Accounting-$33,094-$33,094
Depreciation Depletion$13,488--$13,488
Information Technology-$7,482-$7,482
Insurance$4,441--$4,441
Fees for Services Legal-$1,903-$1,903
Other Expenses$67,067$567-$567
Total Functional Expenses$439,707$316,118$0$755,825

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$755,825
Total Expenses per Audited Statements$755,825
Total Expenses per Form 990$755,825
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$30,292$43,787▲ $13,495
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent Liabilities$313,413
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 2

Asif majeed anjum majeed president vp/secretary husband and wife

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

The return was prepared by an external accounting firm, reviewed by management, and electronically distributed to the board for review and comment prior to filing.

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

The conflict of interest policy is reviewed annually and inquiries are made of board of directors for any relevant transactions requiring conflict of interest disclosures.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Self Development Eastmark Academy
EIN
82-2956924
Phone
4806412640
Address
1709 NORTH GREENFIELD ROAD, MESA, AZ 85205

Signing Officer

Name
Asif Majeed
Title
President
Phone
4806412640
Signed
2022-05-16

Organization Details

Principal Officer
Asif Majeed
Formed
2017
Legal Domicile
Az
Voting Board Members
5
Independent Board Members
2
Employees
0
Volunteers
5

Preparer

Firm
Aspire Business Consultants
Address
PO BOX 12084, GLENDALE, AZ 85318-2084
Preparer
Kristin Morgan
Phone
6028812483
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To nurture students inner spirit of curiosity, inspire students to develop intrinsic motivation to achieve scholarly potential, empower students to take ownership of their learning, foster passion for life-long learning, and promote the merit of serving the community.

Financial Statement Notes

Schedule D, Page 3, Part X

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 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, 2021.

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IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PUBLICIZED THROUGH MARKETING MATERIALS
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES FINANCIAL SUPPORT AND GRANTS FROM THE UNITED STATES DEPARTMENT OF EDUCATION AND THE ARIZONA DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt028985
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt114802
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0SELF DEVELOPMENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0PAYABLES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1PAYABLES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt028985
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt114802
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ASIF MAJEED
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1COMMON BOARD MEMBERS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1false
IRS990ScheduleL/TotalBalanceDueAmt043787
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO NURTURE STUDENTS INNER SPIRIT OF CURIOSITY, INSPIRE STUDENTS TO DEVELOP INTRINSIC MOTIVATION TO ACHIEVE SCHOLARLY POTENTIAL, EMPOWER STUDENTS TO TAKE OWNERSHIP OF THEIR LEARNING, FOSTER PASSION FOR LIFE-LONG LEARNING, AND PROMOTE THE MERIT OF SERVING THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ASIF MAJEED ANJUM MAJEED PRESIDENT VP/SECRETARY HUSBAND AND WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE RETURN WAS PREPARED BY AN EXTERNAL ACCOUNTING FIRM, REVIEWED BY MANAGEMENT, AND ELECTRONICALLY DISTRIBUTED TO THE BOARD FOR REVIEW AND COMMENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY AND INQUIRIES ARE MADE OF BOARD OF DIRECTORS FOR ANY RELEVANT TRANSACTIONS REQUIRING CONFLICT OF INTEREST DISCLOSURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2SDA-PHX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SELF DEVELOPMENT SCOTTSDALE ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1SELF DEVELOPMENT ACADEMY-PHOENIX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2SELF DEVELOPMENT ED RESOURCES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0822956649
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1464108935
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2825044398
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0AZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1AZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2AZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2EE LEASING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt12
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt22
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01709 N GREENFIELD RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11709 N GREENFIELD RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt21709 N GREENFIELD RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MESA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1MESA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2MESA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0AZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1AZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2AZ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd085205
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd185205
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd285205
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0121214
IRS990/TotalAssetsEOYAmt0227523
IRS990/TotalAssetsGrp/BOYAmt0121214
IRS990/TotalAssetsGrp/EOYAmt0227523
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0699598
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0316118
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0439707
IRS990/TotalFunctionalExpensesGrp/TotalAmt0755825
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0198045
IRS990/TotalLiabilitiesEOYAmt0359443
IRS990/TotalLiabilitiesGrp/BOYAmt0198045
IRS990/TotalLiabilitiesGrp/EOYAmt0359443
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-76831
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-131920
IRS990/TotalProgramServiceExpensesAmt0439707
IRS990/TotalProgramServiceRevenueAmt01138
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01138
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0700736
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0121214
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0227523
IRS990/TotReportableCompRltdOrgAmt0129697
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

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