Kaleidoscope School
- Assets
- $7.8m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 33
- Location
- Phoenix, AZ
- Founding
- 10/2005
- Data as of
- 06/2022
- EIN
- 20-1431933
Organization Overview
Kaleidoscope School is located in Phoenix, AZ. The organization was established in 2005. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Kaleidoscope School employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kaleidoscope School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Kaleidoscope School generated $3.3m in total revenue. All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 96.0% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A CHARTER SCHOOL IN ARIZONA
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE 2021-22 SCHOOL YEAR, THE SCHOOL CONTINUED TO GROW OPERATIONS THE NEW CAMPUS FACILITY. ENROLLMENT GREW DURING THE YEAR AND THE SCHOOL WELCOMES ADDITIONAL FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Wingo Director | OfficerTrustee | 40 | $80,654 |
Robin Soare Director | OfficerTrustee | 70 | $48,580 |
Tracy Lange Director | Trustee | 25 | $0 |
Brodie Soare Director | Trustee | 5 | $0 |
Terri Emerson Director | Trustee | 2 | $0 |
Laura Brasher Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,110,659 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,390 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,180,049 |
| Total Program Service Revenue | $161,083 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,341,134 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,313,660 |
| Compensation of current officers, directors, key employees. | $5,601 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,859 |
| Payroll taxes | $135,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $796 |
| Fees for services: Accounting | $10,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $269,439 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,824 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $516,588 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $448,548 |
| Insurance | $31,441 |
| All other expenses | $53,053 |
| Total functional expenses | $3,073,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $422,754 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $179,834 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,160,859 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $60,248 |
| Total assets | $7,823,695 |
| Accounts payable and accrued expenses | $265,414 |
| Grants payable | $0 |
| Deferred revenue | $126,428 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,505,277 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,897,119 |
| Net assets without donor restrictions | -$124,473 |
| Net assets with donor restrictions | $51,049 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,823,695 |