Civic Intelligence

Pan-American Elementary Charter School

990 • Fiscal year 2020 • EIN 86-1030627

Jul 01, 2019 to Jun 30, 2020 • Filed on May 06, 2021

8305 W Thomas RdPhoenix, AZ 85037

(602) 266-3989

Siviq Scores

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

Liabilities / Assets

89th percentile

0.90x

Higher debt load relative to assets than 89% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

4.52x

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

41st percentile

1.6%

Higher net margin than 41% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

20th percentile

$139,454

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

98th percentile

137%

Faster asset growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2020

Revenue Growth

66th percentile

9.9%

Faster revenue growth than 66% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2020

Assets

Up

$34,933,314

Up $28,693,293 (+460%) from 2018

Net Assets

Up

$3,442,748

Up $235,712 (+7.3%) from 2018

Liabilities

Up

$31,490,566

Up $28,457,581 (+938%) from 2018

Revenue

Up

$6,974,631

Up $1,205,204 (+21%) from 2018

Expenses

Up

$6,865,844

Up $921,634 (+16%) from 2018

Net Income

Up

$108,787

Up $283,570 (+162%) from 2018

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $5,865,915Liabilities 2010: $2,973,047Net Assets 2010: $2,892,8682010Assets 2011: $6,283,983Liabilities 2011: $2,942,798Net Assets 2011: $3,341,1852011Assets 2012: $5,939,199Liabilities 2012: $2,704,978Net Assets 2012: $3,234,2212012Assets 2013: $6,584,853Liabilities 2013: $3,516,214Net Assets 2013: $3,068,6392013Assets 2014: $6,054,730Liabilities 2014: $3,240,678Net Assets 2014: $2,814,0522014Assets 2015: $6,163,139Liabilities 2015: $3,070,857Net Assets 2015: $3,092,2822015Assets 2016: $6,175,001Liabilities 2016: $2,739,750Net Assets 2016: $3,435,2512016Assets 2017: $6,547,804Liabilities 2017: $3,165,985Net Assets 2017: $3,381,8192017Assets 2018: $6,240,021Liabilities 2018: $3,032,985Net Assets 2018: $3,207,0362018Assets 2020: $34,933,314Liabilities 2020: $31,490,566Net Assets 2020: $3,442,7482020Assets 2021: $37,196,562Liabilities 2021: $32,561,251Net Assets 2021: $4,635,3112021Assets 2022: $36,940,476Liabilities 2022: $32,538,833Net Assets 2022: $4,401,6432022Assets 2023: $36,971,117Liabilities 2023: $32,212,239Net Assets 2023: $4,758,8782023Assets 2024: $35,288,282Liabilities 2024: $31,546,747Net Assets 2024: $3,741,5352024

Highlighted filing

2020

Assets$34,933,314
Liabilities$31,490,566
Net Assets$3,442,748

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,738,9222010Expenses 2011: $2,962,6542011Expenses 2012: $3,709,8282012Expenses 2013: $4,293,0502013Revenue 2014: $4,359,239Expenses 2014: $4,613,826Net Income 2014: -$254,5872014Revenue 2015: $4,976,282Expenses 2015: $4,698,052Net Income 2015: $278,2302015Revenue 2016: $5,806,506Expenses 2016: $5,463,537Net Income 2016: $342,9692016Revenue 2017: $5,485,998Expenses 2017: $5,539,430Net Income 2017: -$53,4322017Revenue 2018: $5,769,427Expenses 2018: $5,944,210Net Income 2018: -$174,7832018Revenue 2020: $6,974,631Expenses 2020: $6,865,844Net Income 2020: $108,7872020Revenue 2021: $11,678,522Expenses 2021: $10,485,959Net Income 2021: $1,192,5632021Revenue 2022: $13,404,827Expenses 2022: $13,638,495Net Income 2022: -$233,6682022Revenue 2023: $14,175,917Expenses 2023: $13,818,682Net Income 2023: $357,2352023Revenue 2024: $13,733,860Expenses 2024: $14,751,203Net Income 2024: -$1,017,3432024

Highlighted filing

2020

Revenue$6,974,631
Expenses$6,865,844
Net Income$108,787
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 6, 2021
Return Version
2019v5.0
Gross Receipts
$6,974,631
Mission and Program Overview

Mission

Educational services for grades k-12

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,599,174$28,109,639▲ $23,510,465
Savings and Temporary Cash Investments-$4,488,493-
Cash and Non-Interest-Bearing Accounts$1,416,086$2,019,623▲ $603,537
Pledges and Grants Receivable$208,457$282,859▲ $74,402
Total Assets$6,295,477$34,933,314▲ $28,637,837
Other Assets Total$71,760$32,700▼ $39,060
Liabilities
Tax Exempt Bond Liabilities-$30,655,471-
Mortgage Notes Payable Secured by Investment Property$2,601,497--
Other Liabilities$9,859$516,394▲ $506,535
Accounts Payable and Accrued Expenses$350,160$318,701▼ $31,459
Total Liabilities$2,961,516$31,490,566▲ $28,529,050
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,333,961$3,082,482▼ $251,479
Net Assets With Donor Restrictions-$360,266-
Total Net Assets Fund Balance$3,333,961$3,442,748▲ $108,787
Total Liabilities and Net Assets / Fund Balance$6,295,477$34,933,314▲ $28,637,837

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$19,212,026-$19,212,026
Land$6,060,212-$6,060,212
Buildings$2,798,794$2,455,360$5,254,154
Equipment$38,607$528,404$567,011
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Todd WadeMemberFT$139,454$139,454
Luis PasosVice-presideFT$125,510$125,510
Marta PasosPresidentFT$82,935$82,935

Board Members and Trustees

NameTitle
Bill AgriosMember
Maira BermudezMember
Gloria VillaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Shamrock FoodsFood Services2228 N BLACK CANYON HWY, Phoenix, AZ 85009$121,211
Revenue and Support

Revenue Composition

Contributions and Grants
$6,926,479
Program Service Revenue
$48,030
Investment Income
$122
Other Revenue
$0
Change in Net Assets
$108,787

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,974,631
Total Revenue per Audited Statements
$6,974,631
Total Revenue per Form 990
$6,974,631
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,647,769
Other Expenses$2,218,075
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,771,119$763,670-$3,534,789
Interest$596,616$38,082-$634,698
Office Expenses$499,525$32,229-$531,754
Other Employee Benefits$427,354$54,716-$482,070
Fees for Services Other$301,538$124,878-$426,416
Current Officers, Directors, Trustees, and Key Employees$184,880$150,000-$334,880
Occupancy$278,788$17,795-$296,583
Payroll Taxes$226,134$69,896-$296,030
Depreciation Depletion$198,517$12,665-$211,182
Fees for Services Accounting-$74,965-$74,965
Advertising-$30,378-$30,378
Fees for Services Legal-$12,099-$12,099
Total Functional Expenses$5,484,471$1,381,373$0$6,865,844

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,865,844
Total Expenses per Audited Statements$6,865,844
Total Expenses per Form 990$6,865,844
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
Accrued Interest$516,394

Bond Issues

BondIssuerIssuedIssue PricePurpose
AAz Industrial Development Authority2019-07-01$31,695,000SCHOOL BUILDING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$31,695,000--$599,950

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
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
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, Page 6, Part VI, Line 2

Marta pasos luis pasos president v. President spouse marta pasos todd wade president member son

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

The form 990 will be reviewed by the governing board at a meeting after the submission. After the review, if changes need to be made the board will have an amended return prepared and submitted.

Form 990, Page 6, Part VI, Line 15A

Salary and benefit information for individuals in the same industry with similar responsibilities is gathered and then compared with current year salaries. Any adjustments are approved by the governing board.

Form 990, Page 6, Part VI, Line 15B

Salary and benefit information for individuals in the same industry with similar responsibilities is gathered and then compared with current year salaries. Any adjustments are approved by the governing board.

Form 990, Page 6, Part VI, Line 19

Governing documents, policies, and financial statements are made available by request to the school's office.

Filing and Contact Details

Filer

Filer Name
Pan-american Elementary Charter
EIN
86-1030627
Phone
6022663989
Address
8305 W THOMAS RD, PHOENIX, AZ 85037

Signing Officer

Name
Todd Wade
Title
Member
Phone
6022663989
Signed
2021-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marta Pasos
Formed
2001
Legal Domicile
Az
Voting Board Members
6
Independent Board Members
3
Employees
108

Preparer

Firm
Aspire Business Consultants
Address
PO BOX 12084, GLENDALE, AZ 85318-2084
Preparer
Heather Jones
Phone
6028812483
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
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IRS990ScheduleE/MaintainScholarshipsRecsInd0false
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PUBLICIZES THEIR NONDISCRIMINATION POLICY AT THE SCHOOL AND IN THE EMPLOYEE HANDBOOK.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NO SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE AWARDED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION RECEIVES REVENUE FROM THE FEDERAL AND STATE GOVERNMENTS FOR EDUCATIONAL PROGRAMS AND FROM THE STATE OF ARIZONA FOR STATE EQUALIZATION ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 6
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IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0AZ INDUSTRIAL DEVELOPMENT AUTHORITY SCHOOL BUILDING
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PURPOSE OF ISSUE DESCRIPTION
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02019-07-01
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt031695000
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0SCHOOL BUILDING
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0599950
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt031695000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MARTA PASOS LUIS PASOS PRESIDENT V. PRESIDENT SPOUSE MARTA PASOS TODD WADE PRESIDENT MEMBER SON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WILL BE REVIEWED BY THE GOVERNING BOARD AT A MEETING AFTER THE SUBMISSION. AFTER THE REVIEW, IF CHANGES NEED TO BE MADE THE BOARD WILL HAVE AN AMENDED RETURN PREPARED AND SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARY AND BENEFIT INFORMATION FOR INDIVIDUALS IN THE SAME INDUSTRY WITH SIMILAR RESPONSIBILITIES IS GATHERED AND THEN COMPARED WITH CURRENT YEAR SALARIES. ANY ADJUSTMENTS ARE APPROVED BY THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SALARY AND BENEFIT INFORMATION FOR INDIVIDUALS IN THE SAME INDUSTRY WITH SIMILAR RESPONSIBILITIES IS GATHERED AND THEN COMPARED WITH CURRENT YEAR SALARIES. ANY ADJUSTMENTS ARE APPROVED BY THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE BY REQUEST TO THE SCHOOL'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt0108
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05484471
IRS990/TotalFunctionalExpensesGrp/TotalAmt06865844
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02961516
IRS990/TotalLiabilitiesEOYAmt031490566
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IRS990/TotalProgramServiceRevenueAmt048030
IRS990/TotalReportableCompFromOrgAmt0347899
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt048152
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06974631
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06295477
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt034933314
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08305 W THOMAS RD
IRS990/USAddress/CityNm0PHOENIX
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085037
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0HTTP://PANAMERICANELEMENTARY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TODD WADE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MEMBER
ReturnHeader/BusinessOfficerGrp/PhoneNum06022663989
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PAN-AMERICAN ELEMENTARY CHARTER

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$35.3$31.5$3.74$13.7$14.8$1.02
2023Detailed filing. Detailed filing data is available for this year.$37.0$32.2$4.76$14.2$13.8$0.36
2022Detailed filing. Detailed filing data is available for this year.$36.9$32.5$4.40$13.4$13.6$0.23
2021Detailed filing. Detailed filing data is available for this year.$37.2$32.6$4.64$11.7$10.5$1.19
2020Detailed filing. Detailed filing data is available for this year.$34.9$31.5$3.44$6.97$6.87$0.11
2018Detailed filing. Detailed filing data is available for this year.$6.24$3.03$3.21$5.77$5.94$0.17
2017Detailed filing. Detailed filing data is available for this year.$6.55$3.17$3.38$5.49$5.54$0.05
2016Summary only. Only limited summary data is available for this year.$6.18$2.74$3.44$5.81$5.46$0.34
2015Detailed filing. Detailed filing data is available for this year.$6.16$3.07$3.09$4.98$4.70$0.28
2014Detailed filing. Detailed filing data is available for this year.$6.05$3.24$2.81$4.36$4.61$0.25
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.58$3.52$3.07$4.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.94$2.70$3.23$3.71
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.28$2.94$3.34$2.96
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.87$2.97$2.89$2.74