Imagine Elementary At Camelback Inc
- Assets
- $3.1m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 11/2009
- Data as of
- 06/2022
- EIN
- 20-4931127
Organization Overview
Imagine Elementary At Camelback Inc is located in Phoenix, AZ. The organization was established in 2009. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imagine Elementary At Camelback Inc 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, Imagine Elementary At Camelback Inc generated $5.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $5.2m during the year ending 06/2022. While expenses have increased by 3.0% per year over the past 7 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 NOT FOR PROFIT CHARTER SCHOOL AND CONDUCT EDUCATIONAL RESEARCH, EVALUATION, AND DEVELOPMENT ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A CHARTER SCHOOL FOR GRADES K THROUGH 5
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Freddie Villalon Principal | Officer | 25 | $94,067 |
Dr Leonora Ketyer Chairman | OfficerTrustee | 2 | $0 |
Herman Orcutt Secretary | OfficerTrustee | 2 | $0 |
Megan Zimmerman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,413,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,417,475 |
| Total Program Service Revenue | $2,856,795 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $206,998 |
| 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 | $5,532,409 |
| 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. | $94,066 |
| Compensation of current officers, directors, key employees. | $5,022 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,805,439 |
| Pension plan accruals and contributions | $38,420 |
| Other employee benefits | $309,181 |
| Payroll taxes | $87,149 |
| Fees for services: Management | $308,761 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $213,602 |
| Advertising and promotion | $27,951 |
| Office expenses | $14,395 |
| Information technology | $31,303 |
| Royalties | $0 |
| Occupancy | $750,620 |
| Travel | $1,369 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,807 |
| Insurance | $104,128 |
| All other expenses | $99,760 |
| Total functional expenses | $5,171,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $936,211 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $241,292 |
| Accounts receivable, net | $32,426 |
| 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 | $6,482 |
| Net Land, buildings, and equipment | $696,160 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,213,091 |
| Total assets | $3,125,662 |
| Accounts payable and accrued expenses | $635,333 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,579,093 |
| Total liabilities | $2,214,426 |
| Net assets without donor restrictions | $712,379 |
| Net assets with donor restrictions | $198,857 |
| 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 | $3,125,662 |