Civic Intelligence

Leading Edge Academy Queek Creek

EIN 83-1885613 • 501(c)3 • Gilbert, AZ

Profile

The School provides educational services to students in Queen Creek, Arizona and surrounding communities.

633 E Ray Rd Ste 132Gilbert, AZ 85296

www.leadingedgeacademy.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.37x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.41x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

48th percentile

3.7%

Higher net margin than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

69th percentile

$104,663

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

60th percentile

7.1%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

23rd percentile

-10%

Faster revenue growth than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,405,227

Up $292,809 (+7.1%) from 2023

Liabilities

Up

$1,626,254

Up $148,497 (+10%) from 2023

Net Assets

Up

$2,778,973

Up $144,312 (+5.5%) from 2023

Revenue

Down

$3,950,455

Down $458,653 (-10%) from 2023

Expenses

Down

$3,806,143

Down $268,164 (-6.6%) from 2023

Net Income

Down

$144,312

Down $190,489 (-57%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2019: $780,695Liabilities 2019: $181,701Net Assets 2019: $598,9942019Assets 2020: $993,419Liabilities 2020: $327,534Net Assets 2020: $665,8852020Assets 2021: $1,273,284Liabilities 2021: $328,574Net Assets 2021: $944,7102021Assets 2022: $2,349,047Liabilities 2022: $49,187Net Assets 2022: $2,299,8602022Assets 2023: $4,112,418Liabilities 2023: $1,477,757Net Assets 2023: $2,634,6612023Assets 2024: $4,405,227Liabilities 2024: $1,626,254Net Assets 2024: $2,778,9732024

Highlighted filing

2024

Assets$4,405,227
Liabilities$1,626,254
Net Assets$2,778,973

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0Revenue 2019: $2,273,667Expenses 2019: $1,674,673Net Income 2019: $598,9942019Revenue 2020: $2,968,550Expenses 2020: $2,901,659Net Income 2020: $66,8912020Revenue 2021: $3,379,488Expenses 2021: $3,100,663Net Income 2021: $278,8252021Revenue 2022: $5,096,508Expenses 2022: $3,741,358Net Income 2022: $1,355,1502022Revenue 2023: $4,409,108Expenses 2023: $4,074,307Net Income 2023: $334,8012023Revenue 2024: $3,950,455Expenses 2024: $3,806,143Net Income 2024: $144,3122024

Highlighted filing

2024

Revenue$3,950,455
Expenses$3,806,143
Net Income$144,312

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 3, 2023
Return Version
2021v4.2
Gross Receipts
$5,096,508
Mission and Program Overview

Mission

The School provides educational services to students in Queen Creek, Arizona and surrounding communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$752,242$718,850▼ $33,392
Prepaid Expenses and Deferred Charges$56,554$652,502▲ $595,948
Pledges and Grants Receivable-$316,675-
Savings and Temporary Cash Investments$290,053$290,074▲ $21
Land, Buildings, and Equipment, Net$163,518$199,751▲ $36,233
Accounts Receivable$10,917$171,195▲ $160,278
Total Assets$1,273,284$2,349,047▲ $1,075,763
Liabilities
Unsecured Notes Loans Payable$321,030--
Accounts Payable and Accrued Expenses$7,544$49,187▲ $41,643
Total Liabilities$328,574$49,187▼ $279,387
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$888,083$2,174,829▲ $1,286,746
Net Assets With Donor Restrictions$56,627$125,031▲ $68,404
Total Net Assets Fund Balance$944,710$2,299,860▲ $1,355,150
Total Liabilities and Net Assets / Fund Balance$1,273,284$2,349,047▲ $1,075,763

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$161,434$242,065$403,499
Leasehold Improvements$38,317$128,633$166,950
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kristin BoatrightDirectorFT$86,167$8,283$94,450

Board Members and Trustees

NameTitle
Jessica DarleyDirector
Joey BilbreyDirector
Steve ButcherDirector
Tim HallDirector
Lori AndersonExecutive Director
Michelle BorjaFinance Director
Delmer GeeseyCEO

Highest Paid Contractors

ContractorServicesLocationCompensation
Arizona Charter SolutionsManagement svcs633 E Ray Rd Suite 132, Gilbert, AZ 85296$368,137
Revenue and Support

Revenue Composition

Contributions and Grants
$4,991,745
Program Service Revenue
$80,681
Investment Income
$82
Other Revenue
$24,000
All Other Contributions
$16,777
Change in Net Assets
$1,355,150

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,096,508
Total Revenue per Audited Statements
$5,096,508
Total Revenue per Form 990
$5,096,508
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,113,159
Other Expenses$1,628,199
Total Fundraising Expense$10,734
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,526,068$321,141-$1,847,209
Occupancy$457,015$96,173-$553,188
Fees for Services Management-$336,260-$336,260
Fees for Services Other$241,151$18,390-$259,541
Payroll Taxes$122,045$33,046-$155,091
Depreciation Depletion$105,915$22,289-$128,204
Pension Plan Contributions$46,507$12,593-$59,100
Other Employee Benefits$40,729$11,030-$51,759
Advertising-$18,026-$18,026
Other Expenses$15,244$602$201$16,047
Fees for Services Accounting-$13,333-$13,333
Total Functional Expenses$2,740,520$990,104$10,734$3,741,358

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,741,358
Total Expenses per Audited Statements$3,741,358
Total Expenses per Form 990$3,741,358
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-$-28,348$10,734$-39,082
Total Events-$-28,348$10,734$-39,082
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
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
Yes

Governance Explanations

Management duties delegation Part VI line 3

Arizona Charter Solutions (ACS)(an Arizona nonprofit 501(c)(3) corporation) performs the management duties for the Organization. ACS is responsible for the day to day operations of the School, subject to the ongoing oversight of the members of the Schools board of directors.

Form 990 governing body review Part VI line 11

The Form 990 is distributed to all board members prior to filing the return. The management of the School and members of the board of directors review the 990 and authorize its 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. 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. The Organizations legal counsel reviews all compensation agreements between the Organization and members of management. Only disinterested board members review and approve the compensation. The person is available to answer questions but leaves the room for the discussion and vote. 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 employees who are not officers 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

All employees who are not officers of the School receive salaries based on comparability data and a schedule approved by the board of directors of the School.

Filing and Contact Details

Filer

Filer Name
Leading Edge Academy Queek Creek
EIN
83-1885613
Address
633 E Ray Rd Ste 132, Gilbert, AZ 85296

Signing Officer

Name
Lori Anderson
Title
Executive Direc
Phone
4806330414
Signed
2023-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Delmer Geesey
Formed
2018
Legal Domicile
Az
Voting Board Members
5
Independent Board Members
4
Employees
61
Volunteers
10

Preparer

Firm
Rob Paull CPA PC
Address
11811 N Tatum Blvd Ste 3031, Phoenix, AZ 85028-1621
Preparer
Rob Paull
Phone
4803858357
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

The School incurred expenses of $241,151 for contracted counselors and miscellaneous purchased instructional services.

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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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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0406
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt122052
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt258223
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0406
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt122052
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt258223
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03361488
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0118
IRS990/PYOtherExpensesAmt01384862
IRS990/PYProgramServiceRevenueAmt017882
IRS990/PYRevenuesLessExpensesAmt0278825
IRS990/PYSalariesCompEmpBnftPaidAmt01715801
IRS990/PYTotalExpensesAmt03100663
IRS990/PYTotalRevenueAmt03379488
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01355150
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt024000
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05096508
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0290053
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0290074
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0161434
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0242065
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0403499
IRS990ScheduleD/ExpensesSubtotalAmt03741358
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt038317
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0128633
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0166950
IRS990ScheduleD/RevenueSubtotalAmt05096508
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0199751
IRS990ScheduleD/TotalExpensesPerForm990Amt03741358
IRS990ScheduleD/TotalRevenuePerForm990Amt05096508
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05096508
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03741358
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/CharitableContributionsTotAmt028348
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt028348
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt010734
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Fundraising
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0-28348
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0-28348
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-39082
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt010734
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt010734
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Arizona Charter Solutions (ACS)(an Arizona nonprofit 501(c)(3) corporation) performs the management duties for the Organization. ACS is responsible for the day to day operations of the School, subject to the ongoing oversight of the members of the Schools board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is distributed to all board members prior to filing the return. The management of the School and members of the board of directors review the 990 and authorize its filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Any 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. Disclosures are reviewed by the board on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Salaries 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. The Organizations legal counsel reviews all compensation agreements between the Organization and members of management. Only disinterested board members review and approve the compensation. The person is available to answer questions but leaves the room for the discussion and vote. Compensation is set and reviewed on an annual basis in writing. The discussion and decision are recorded in the minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All employees who are not officers of the School receive salaries based on comparability data and a schedule approved by the board of directors of the School.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All employees who are not officers of the School receive salaries based on comparability data and a schedule approved by the board of directors of the School.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The School incurred expenses of $241,151 for contracted counselors and miscellaneous purchased instructional services.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Management duties delegation Part VI line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01273284
IRS990/TotalAssetsEOYAmt02349047
IRS990/TotalAssetsGrp/BOYAmt01273284
IRS990/TotalAssetsGrp/EOYAmt02349047
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04991745
IRS990/TotalEmployeeCnt061
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010734
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0990104
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02740520
IRS990/TotalFunctionalExpensesGrp/TotalAmt03741358
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0328574
IRS990/TotalLiabilitiesEOYAmt049187
IRS990/TotalLiabilitiesGrp/BOYAmt0328574
IRS990/TotalLiabilitiesGrp/EOYAmt049187
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0944710
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02299860
IRS990/TotalOtherCompensationAmt08283
IRS990/TotalProgramServiceExpensesAmt02740520
IRS990/TotalProgramServiceRevenueAmt080681
IRS990/TotalReportableCompFromOrgAmt086167
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0104763
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05096508
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01273284
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02349047
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0321030
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.leadingedgeacademy.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1

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