Civic Intelligence

Acclaim Charter School Inc.

990 • Fiscal year 2023 • EIN 86-0868336

Jul 01, 2022 to Jun 30, 2023 • Filed on May 08, 2024

7624 W Indian School RdPhoenix, AZ 85033

(623) 691-0919

Siviq Scores

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

Liabilities / Assets

88th percentile

0.73x

Higher debt load relative to assets than 88% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

85th percentile

1.13x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

71st percentile

16%

Higher net margin than 71% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

59th percentile

$147,370

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

53rd percentile

6.5%

Faster asset growth than 53% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

54th percentile

8.3%

Faster revenue growth than 54% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Flat

$6,343,758

Flat from 2023

Net Assets

Flat

$1,684,593

Flat from 2023

Liabilities

Flat

$4,659,165

Flat from 2023

Revenue

Flat

$4,106,770

Flat from 2023

Expenses

Flat

$3,460,605

Flat from 2023

Net Income

Flat

$646,165

Flat from 2023

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $6,948,199Liabilities 2011: $6,895,216Net Assets 2011: $52,9832011Assets 2012: $6,811,698Liabilities 2012: $6,772,950Net Assets 2012: $38,7482012Assets 2013: $6,786,477Liabilities 2013: $6,667,450Net Assets 2013: $119,0272013Assets 2014: $6,613,467Liabilities 2014: $6,624,267Net Assets 2014: -$10,8002014Assets 2015: $6,409,504Liabilities 2015: $6,431,140Net Assets 2015: -$21,6362015Assets 2016: $6,596,623Liabilities 2016: $6,558,890Net Assets 2016: $37,7332016Assets 2018: $5,717,679Liabilities 2018: $5,965,194Net Assets 2018: -$247,5152018Assets 2021: $5,980,354Liabilities 2021: $5,201,240Net Assets 2021: $779,1142021Assets 2022: $5,953,925Liabilities 2022: $4,915,497Net Assets 2022: $1,038,4282022Assets 2023: $6,343,758Liabilities 2023: $4,659,165Net Assets 2023: $1,684,5932023Assets 2023: $6,343,758Liabilities 2023: $4,659,165Net Assets 2023: $1,684,5932023

Highlighted filing

2023

Assets$6,343,758
Liabilities$4,659,165
Net Assets$1,684,593

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $3,182,359Expenses 2011: $3,184,985Net Income 2011: -$2,6262011Revenue 2012: $3,216,061Expenses 2012: $3,230,296Net Income 2012: -$14,2352012Revenue 2013: $3,263,611Expenses 2013: $3,183,332Net Income 2013: $80,2792013Revenue 2014: $3,142,189Expenses 2014: $3,272,016Net Income 2014: -$129,8272014Revenue 2015: $3,113,986Expenses 2015: $3,124,822Net Income 2015: -$10,8362015Revenue 2016: $3,294,050Expenses 2016: $3,220,125Net Income 2016: $73,9252016Revenue 2018: $3,081,572Expenses 2018: $3,259,751Net Income 2018: -$178,1792018Revenue 2021: $3,628,207Expenses 2021: $3,302,513Net Income 2021: $325,6942021Revenue 2022: $3,791,890Expenses 2022: $3,532,576Net Income 2022: $259,3142022Revenue 2023: $4,106,770Expenses 2023: $3,460,605Net Income 2023: $646,1652023Revenue 2023: $4,106,770Expenses 2023: $3,460,605Net Income 2023: $646,1652023

Highlighted filing

2023

Revenue$4,106,770
Expenses$3,460,605
Net Income$646,165
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 8, 2024
Return Version
2022v5.0
Gross Receipts
$4,106,770
Mission and Program Overview

Mission

To be a team committed to excellence in a safe learning community rich in the arts, sciences, and languages. The school is dedicated to developing nobility of character, cultivating academic success, honoring diversity, and promoting physical and environmental responsibility.

To operate a charter school sponsored by the arizona state board for charter schools, which mandates policies and operational guidelines, to approximately 275 students in kindergarten through eigth grades in phoenix, arizona.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,718,823$4,493,512▼ $225,311
Cash and Non-Interest-Bearing Accounts$253,296$1,132,436▲ $879,140
Savings and Temporary Cash Investments$439,364$450,140▲ $10,776
Pledges and Grants Receivable$525,910$229,492▼ $296,418
Prepaid Expenses and Deferred Charges$16,532$38,178▲ $21,646
Total Assets$5,953,925$6,343,758▲ $389,833
Liabilities
Tax Exempt Bond Liabilities$4,813,444$4,612,479▼ $200,965
Accounts Payable and Accrued Expenses$36,190$28,347▼ $7,843
Other Liabilities$26,864$18,316▼ $8,548
Deferred Revenue$38,999$23▼ $38,976
Total Liabilities$4,915,497$4,659,165▼ $256,332
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$980,223$1,656,759▲ $676,536
Net Assets With Donor Restrictions$58,205$27,834▼ $30,371
Total Net Assets Fund Balance$1,038,428$1,684,593▲ $646,165
Total Liabilities and Net Assets / Fund Balance$5,953,925$6,343,758▲ $389,833

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,753,094$2,102,754-
Other Land Buildings$41,645$23,612-
Land$629,944--
Equipment$68,829$106,257-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Melanie PowersPresident/CEOFT$147,370$147,370
Edward MacdonaldAssociate Director/charter RepFT$95,507$95,507
Olayinka TeiboDirectorFT$63,338$63,338
Paul AsselinDirectorFT$51,577$51,577
Brianna EnriquezDirectorFT$50,029$50,029

Board Members and Trustees

NameTitle
Beverly MuhammedDirector
Brian SanduskyDirector
James BrittinghamDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Exceptional Student Services Of ArizonaSpecial Education ServicesPO BOX 423, Litchfield Park, AZ 85340$174,045
-Student Transportation301 E CAMINO ESTRELLA, Avondale, AZ 85323$105,584
Revenue and Support

Revenue Composition

Contributions and Grants
$4,059,023
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$47,747
All Other Contributions
$1,614
Change in Net Assets
$646,165

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,098,142
Revenue Not Reported on Financial Statements
$8,628
Other Revenue Adjustments
$8,628
Total Revenue per Audited Statements
$4,098,142
Total Revenue per Form 990
$4,106,770
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,850,361
Other Expenses$1,610,244
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,025,122$75,154$0$1,100,276
Fees for Services Other$540,415$33,098$0$573,513
Current Officers, Directors, Trustees, and Key Employees$325,000$85,000$0$410,000
Interest$257,964$64,154$0$322,118
Depreciation Depletion$195,477$48,869$0$244,346
Pension Plan Contributions$139,144$20,018$0$159,162
Payroll Taxes$111,300$12,865$0$124,165
Fees for Services Accounting$0$118,500$0$118,500
Office Expenses$108,741$8,861$0$117,602
Occupancy$86,886$27,662$0$114,548
Other Employee Benefits$50,332$6,426$0$56,758
Insurance$27,272$5,073$0$32,345
Fees for Services Legal$0$11,159$0$11,159
Information Technology$9,025$0$0$9,025
Travel$7,644$211$0$7,855
Advertising$0$7,837$0$7,837
Other Expenses$463$0$0$463
Total Functional Expenses$2,889,366$571,239$0$3,460,605

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,460,605
Total Expenses per Audited Statements$3,460,605
Total Expenses per Form 990$3,460,605
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
Finance Lease Obligations$18,316

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIda of Pima County Arizona2006-12-01$7,680,000SCHOOL FACILITIES

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$7,680,000--$571,033

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Acclaim Charter School
EIN
86-0868336
Phone
6236910919
Address
7624 W INDIAN SCHOOL RD, Phoenix, AZ 85033

Signing Officer

Name
Edward Macdonald
Title
Associate Director
Phone
6236910919
Signed
2024-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Macdonald
Formed
1997
Legal Domicile
Az
Voting Board Members
6
Independent Board Members
1
Employees
39
Volunteers
26

Preparer

Firm
Brett V Backlund CPA Pc
Address
1776 E SILVER CREEK CT, GILBERT, AZ 85296
Preparer
Brett V Backlund
Phone
4803614150
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The form 990 was prepared by an independent cpa as part of the audit engagement, reviewed by mangement, and approved by the board of directors. Once approved, a member of the board of directors signs the form 990 and it is mailed to the irs.

Pt VI, Line 19

The school's annual audit is submitted to the arizona state board for charter schools and therefore subject to public record. All other documents are available upon request.

Pt VI, Line 2

Jose martinez and melanie powers are former husband and wife.

Form 990, Part IX, Line 11G

Professional education services 447655. 414557. 33098. 0.

Form 990, Part IX, Line 11G

Food management services 125858. 125858. 0. 0.

Financial Statement Notes

Pt XI, Line 4B

Changes in net assets with donor restrictions

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IRS990/MissionDesc0TO BE A TEAM COMMITTED TO EXCELLENCE IN A SAFE LEARNING COMMUNITY RICH IN THE ARTS, SCIENCES, AND LANGUAGES. THE SCHOOL IS DEDICATED TO DEVELOPING NOBILITY OF CHARACTER, CULTIVATING ACADEMIC SUCCESS, HONORING DIVERSITY, AND PROMOTING PHYSICAL AND ENVIRONMENTAL RESPONSIBILITY.
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IRS990/PrincipalOfficerNm0EDWARD MACDONALD
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHANGES IN NET ASSETS WITH DONOR RESTRICTIONS
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS AN ARIZONA PUBLIC CHARTER SCHOOL. AS SUCH, DISCRIMINATION IS PROHIBITED AND ALL ARIZONA RESIDENTS ARE AWARE THAT PUBLIC SCHOOLS CANNOT DISCRIMINATE IN ANY MANNER. SEE DESCRIPTION ON SCHEDULE E.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL DID NOT PROVIDE SCHOLARSHIPS AND OTHER FINANCIAL ASSISTANCE. SEE DESCRIPTION ON SCHEDULE E.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL RECEIVED MONTHLY STATE EQUALIZATION ASSISTANCE, CLASSROOM SITE FUNDS, AND INSTRUTIONAL IMPROVEMENT FUNDS FROM THE STATE OF ARIZONA BASED ON THE NUMBER OF STUDENTS ENROLLED AT THE SCHOOL. IN ADDITION, THE SCHOOL RECEIVED STATE AND FEDERAL GRANTS. THESE FUNDS ARE USED IN ACCORDANCE WITH THE REQUIREMENTS SET FORTH BY THE STATE OF ARIZONA AND THE FEDERAL GOVERNMENT.
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0IDA OF PIMA COUNTY ARIZONA
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