Civic Intelligence

Educational Impact Inc.

990 • Fiscal year 2024 • EIN 92-0193846

Jul 01, 2023 to Jun 30, 2024 • Filed on May 15, 2025

Organization Profilewww.AdventureSchoolsTucson.com
1950 E Placita Sin NombreTucson, AZ 85718

(520) 407-1201

Siviq Scores

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

Liabilities / Assets

56th percentile

0.09x

Higher debt load relative to assets than 56% of similar nonprofits.

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

Liabilities / Revenue

41st percentile

0.04x

Higher debt load relative to revenue than 41% of similar nonprofits.

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

Net Margin

29th percentile

-4.6%

Higher net margin than 29% of similar nonprofits.

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

Top Officer Pay

84th percentile

$157,361

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

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

Asset Growth

10th percentile

-15%

Faster asset growth than 10% of similar nonprofits.

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

Revenue Growth

14th percentile

-21%

Faster revenue growth than 14% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$698,510

Down $124,675 (-15%) from 2023

Net Assets

Down

$632,216

Down $74,661 (-11%) from 2023

Liabilities

Down

$66,294

Down $50,014 (-43%) from 2023

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin29th percentile

Revenue

Down

$1,621,411

Down $439,256 (-21%) from 2023

Expenses

Down

$1,696,072

Down $11,889 (-0.7%) from 2023

Net Income

Down

-$74,661

Down $427,367 (-121%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$1.0M$500K$0Assets 2019: $281,255Liabilities 2019: $39,020Net Assets 2019: $242,2352019Assets 2020: $334,525Liabilities 2020: $56,285Net Assets 2020: $278,2402020Assets 2021: $366,736Liabilities 2021: $135,705Net Assets 2021: $231,0312021Assets 2022: $470,279Liabilities 2022: $116,106Net Assets 2022: $354,1732022Assets 2023: $823,185Liabilities 2023: $116,308Net Assets 2023: $706,8772023Assets 2024: $698,510Liabilities 2024: $66,294Net Assets 2024: $632,2162024

Highlighted filing

2024

Assets$698,510
Liabilities$66,294
Net Assets$632,216
Open 2024 Filing

Operations Trend

Revenue Growth14th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $552,236Expenses 2019: $440,191Net Income 2019: $112,0452019Revenue 2020: $1,257,812Expenses 2020: $1,221,807Net Income 2020: $36,0052020Revenue 2021: $1,340,094Expenses 2021: $1,387,303Net Income 2021: -$47,2092021Revenue 2022: $1,639,828Expenses 2022: $1,516,687Net Income 2022: $123,1412022Revenue 2023: $2,060,667Expenses 2023: $1,707,961Net Income 2023: $352,7062023Revenue 2024: $1,621,411Expenses 2024: $1,696,072Net Income 2024: -$74,6612024

Highlighted filing

2024

Revenue$1,621,411
Expenses$1,696,072
Net Income-$74,661
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$1,621,411
Mission and Program Overview

Mission

To provide opportunities for children to recognize and build on strengths to help increase performance on state standards as individual maturation dictates. The school is based on the philospohy that each child grows physically, emotionally and intellectually in diverse ways and at different rates. Our mission is to honor each child's level of development by providing student appropriate activities including differentiated learning activities, experiential learning and high teacher/student interactivity.

Educational Impact Inc. School District operates the following programs: Adventure Schools PreSchool Program for infants through age 4: Adventure Schools Charter Program for

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$606,024$474,604▼ $131,420
Land, Buildings, and Equipment, Net$164,585$151,518▼ $13,067
Pledges and Grants Receivable$18,239$62,388▲ $44,149
Loans From Officers Directors$22,768$0▼ $22,768
Prepaid Expenses and Deferred Charges$12,184$0▼ $12,184
Investments Other Securities$10,000$10,000→ $0
Receivable From Disqualified Prsn$7,003$0▼ $7,003
Accounts Receivable$5,150$0▼ $5,150
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Total Assets$823,185$698,510▼ $124,675
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$75,607$47,609▼ $27,998
Accounts Payable and Accrued Expenses$17,933$18,685▲ $752
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$116,308$66,294▼ $50,014
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$706,877$632,216▼ $74,661
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$706,877$632,216▼ $74,661
Total Liabilities and Net Assets / Fund Balance$823,185$698,510▼ $124,675

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$94,960$123,034$217,994
Equipment$48,546$119,066$167,612
Buildings$8,012$1,432$9,444
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Maryann PenczarPresidentFT$157,361$157,361

Board Members and Trustees

NameTitle
Gary BestBoard Member
V Earl DoranBoard Member
Jack PenczarSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,584,167
Program Service Revenue
$0
Investment Income
$12,779
Other Revenue
$24,465
Change in Net Assets
$-74,661

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,621,411
Total Revenue per Audited Statements
$1,621,411
Total Revenue per Form 990
$1,621,411
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$850,132
Other Expenses$845,940
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$592,573$154,731-$747,304
Occupancy$416,663$46,296-$462,959
Fees for Services Other$161,974$4,126-$166,100
Other Expenses$77,588$1,048$0$77,588
Payroll Taxes$43,736$11,420-$55,156
Other Employee Benefits$37,801$9,871-$47,672
Fees for Services Accounting-$19,000-$19,000
Depreciation Depletion$14,235$1,582-$15,817
Office Expenses-$1,857-$1,857
Fees for Services Legal-$10-$10
Total Functional Expenses$1,446,131$249,941$0$1,696,072

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,696,072
Total Expenses per Audited Statements$1,696,072
Total Expenses per Form 990$1,696,072
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Academy Adevntures IncMaryAnn Penczar and Jack Penczar each own 50% of Academy AdventuresSchool building leasingNo$292,536
Jack PenczarMaryAnn Penczar is Jack's DaughterBoard MemberNo$0
MaryAnn PenczarJack Penczar is Maryann's FatherBoard MemberNo$0

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$22,768$0▼ $22,768
Receivables from Disqualified Persons$7,003$0▼ $7,003
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rent Building Payables - Aa$39,084
Accrued Wages$8,525
Accrued Expenses$0
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
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Part VI, Section A, Line 2

“Jack Penczar and MaryAnn Penczar are father and daughter.”

Form 990, Part VI, Section B, Line 11B

“Director reviews tax return before it is filed. All board members receive a copy of the tax return.”

Form 990, Part VI, section B, Line 12C

“Each director, principal officer, and member of a committee with governing board delegated powers shall sign a statement which affirms they have received a copy of the policy, have read and understood it and have agreed to comply with the policy.”

Form 990, Part VI, Section B, Line 15A

“Salary schedules of Tucson public schools are reviewed.”

Form 990, Part VI, Section C, Line 19

“Available upon request”

Filing and Contact Details

Filer

Filer Name
Educational Impact Inc
EIN
92-0193846
In Care Of
% THE ORGANIZATION
Phone
5204071201
Address
1950 E Placita Sin Nombre, Tucson, AZ 85718

Signing Officer

Name
Maryann Penczar
Title
President
Phone
5204071201
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maryann Penczar
Formed
2003
Legal Domicile
Az
Voting Board Members
4
Independent Board Members
2
Employees
25

Preparer

Firm
R&A CPAs PLLC
Address
4542 E CAMP LOWELL DR STE 100, TUCSON, AZ 85712
Preparer
Nathaniel K Eggman
Phone
5208814900
Supplemental Narrative

Additional Explanations

Part 1, Line 1

“Educational Impact Inc. School District operates the following programs: Adventure Schools PreSchool Program for infants through age 4; Adventure Schools Charter Program for kindergarten through grade 5; and Adventure Schools Middle School Program for grades 6 through 8. We strive to provide each student a safe and nurturing place in which to succeed.”

Financial Statement Notes

Part X, Line 2:

“Educational Impact, Inc. DBA Adventure school is an organization exempt from income taxation under section 501(A) as an entity described in section 501(c)(3) of the internal revenue code of 1986, as amended. It is not classified as a private foundation. The school's federal income tax returns are subject to examination by the internal revenue service, generally for three years after they are filed.”

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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011420
IRS990/PayrollTaxesGrp/ProgramServicesAmt043736
IRS990/PayrollTaxesGrp/TotalAmt055156
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt018239
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt062388
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012184
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Maryann Penczar
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02029889
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt023184
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0809823
IRS990/PYOtherRevenueAmt07594
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0352706
IRS990/PYSalariesCompEmpBnftPaidAmt0898138
IRS990/PYTotalExpensesAmt01707961
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02060667
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt07003
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-74661
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt08012
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01432
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09444
IRS990ScheduleD/EquipmentGrp/BookValueAmt048546
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0119066
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0167612
IRS990ScheduleD/ExpensesSubtotalAmt01696072
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt094960
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0123034
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0217994
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08525
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt139084
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt20
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED WAGES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RENT BUILDING PAYABLES - AA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED EXPENSES
IRS990ScheduleD/RevenueSubtotalAmt01621411
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Educational Impact, Inc. DBA Adventure school is an organization exempt from income taxation under section 501(A) as an entity described in section 501(c)(3) of the internal revenue code of 1986, as amended. It is not classified as a private foundation. The school's federal income tax returns are subject to examination by the internal revenue service, generally for three years after they are filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0151518
IRS990ScheduleD/TotalExpensesPerForm990Amt01696072
IRS990ScheduleD/TotalLiabilityAmt047609
IRS990ScheduleD/TotalRevenuePerForm990Amt01621411
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01621411
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01696072
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/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school's nondiscrimination policy is included on the registration form and on our advertising brochures.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The school does not provide scholarships or other financial assistance.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2Explanation of government financial aid: educational impact, Inc. receives equalization assistance payments and classroom site fund monies from the Arizona department of education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Part 1, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Part 1, Line 4d
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Line 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0157361
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Maryann Penczar
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0157361
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MaryAnn Penczar
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Jack Penczar
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2Academy Adevntures Inc
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Jack Penczar is Maryann's Father
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1MaryAnn Penczar is Jack's Daughter
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2MaryAnn Penczar and Jack Penczar each own 50% of Academy Adventures
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2292536
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Board Member
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Board Member
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2School building leasing
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt039084
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Lease expense, other
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1School Lunch Program
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt039084
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt127402
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Academy Adventures
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Ed Ahead
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0THE OFFICER OF THE ORGANIZATION IS ALSO THE OFFICER OF ED AHEAD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0(A) Name of Person: Maryann Penczar (B) Relationship between interested person and organization: Jack Penczar is Maryann's Father (D) Description of Transaction: Board Member (A) Name of Person: Jack Penczar (B) Relationship between interested person and organization: MaryAnn Penczar is Jack's daughter (D) Description of Transaction: Board member (A) Name of Person: Academy Adventures Inc. (B) Relationsihp between interested person and organization: MaryAnn Penczar and Jack Penczar each own 50% of academy adventures (D) Description of transaction: Academy Adventures, Inc. leases School buildings to educational impact, inc.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Sch L, Part IV, Buisiness Transactions Involving Interested Persons:
IRS990ScheduleL/TotalBalanceDueAmt039084
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Educational Impact Inc. School District operates the following programs: Adventure Schools PreSchool Program for infants through age 4; Adventure Schools Charter Program for kindergarten through grade 5; and Adventure Schools Middle School Program for grades 6 through 8. We strive to provide each student a safe and nurturing place in which to succeed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Jack Penczar and MaryAnn Penczar are father and daughter.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Director reviews tax return before it is filed. All board members receive a copy of the tax return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Each director, principal officer, and member of a committee with governing board delegated powers shall sign a statement which affirms they have received a copy of the policy, have read and understood it and have agreed to comply with the policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Salary schedules of Tucson public schools are reviewed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Available upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part 1, Line 1

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$698,510
Liabilities
$66,294
Net assets
$632,216
Revenue
$1,621,411
Expenses
$1,696,072
Net income
-$74,661
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.70$0.07$0.63$1.62$1.70$0.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.12$0.71$2.06$1.71$0.35
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.12$0.35$1.64$1.52$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.14$0.23$1.34$1.39$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.06$0.28$1.26$1.22$0.04
2019Summary only. Only limited summary data is available for this year.$0.28$0.04$0.24$0.55$0.44$0.11