Imagine Middle At Surprise Inc
- Assets
- $2.0m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Surprise, AZ
- Founding
- 04/2010
- Data as of
- 06/2022
- EIN
- 20-4931199
Organization Overview
Imagine Middle At Surprise Inc is located in Surprise, AZ. The organization was established in 2010. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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 Middle At Surprise 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 Middle At Surprise Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $4.3m during the year ending 06/2022. While expenses have increased by 3.4% 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 WITH STUDENTS IN 6TH THROUGH 8TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Mccomb Principal | Officer | 17 | $75,458 |
Leonora Ketyer Chair | OfficerTrustee | 2 | $0 |
Herman Orcutt Secretary | OfficerTrustee | 2 | $0 |
Robert Stevens Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $350,000 |
| Government grants | $666,895 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,016,895 |
| Total Program Service Revenue | $2,574,152 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $726,668 |
| 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 | $4,317,715 |
| 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. | $75,458 |
| Compensation of current officers, directors, key employees. | $6,523 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,314,330 |
| Pension plan accruals and contributions | $38,797 |
| Other employee benefits | $343,584 |
| Payroll taxes | $73,288 |
| Fees for services: Management | $272,406 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,664 |
| Advertising and promotion | $0 |
| Office expenses | $13,267 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,462,936 |
| Travel | $0 |
| 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 | $51,973 |
| Insurance | $43,441 |
| All other expenses | $108,141 |
| Total functional expenses | $4,346,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $568,251 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $106,943 |
| 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 | $6,478 |
| Net Land, buildings, and equipment | $269,061 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,076,042 |
| Total assets | $2,026,775 |
| Accounts payable and accrued expenses | $291,708 |
| 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 | $6,216 |
| Other liabilities | $1,924,536 |
| Total liabilities | $2,222,460 |
| Net assets without donor restrictions | -$400,032 |
| Net assets with donor restrictions | $204,347 |
| 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 | $2,026,775 |