Candeo Schools Inc
- Assets
- $22.5m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 125
- Location
- Peoria, AZ
- Founding
- 08/2008
- Data as of
- 06/2022
- EIN
- 20-8654135
Organization Overview
Candeo Schools Inc is located in Peoria, AZ. The organization was established in 2008. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Candeo Schools Inc employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Candeo Schools 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, Candeo Schools Inc generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $7.0m during the year ending 06/2022. While expenses have increased by 3.5% 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
EDUCATION TO NURTURE NATURAL CURIOSITY, GIFTS AND TALENT AND THE POWER TO LEARN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDED EDUCATION TO APPROXIMATELY 889 STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE DURING THE 2021-2022 SCHOOL YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Musser CEO | OfficerTrustee | 50 | $160,819 |
Michael Peugnet Director | Trustee | 1 | $0 |
Robert Burns Director | Trustee | 1 | $0 |
Teresa Foulger Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,365,286 |
| All other contributions, gifts, grants, and similar amounts not included above | $649,194 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,014,480 |
| Total Program Service Revenue | $294,742 |
| Investment income | $773 |
| 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 | $8,437,820 |
| 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. | $187,503 |
| Compensation of current officers, directors, key employees. | $93,752 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,224,318 |
| Pension plan accruals and contributions | $70,084 |
| Other employee benefits | $128,257 |
| Payroll taxes | $288,962 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,505 |
| Fees for services: Accounting | $107,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $267,414 |
| Advertising and promotion | $29,148 |
| Office expenses | $564,025 |
| Information technology | $163,640 |
| Royalties | $0 |
| Occupancy | $1,168,114 |
| Travel | $5,094 |
| 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 | $646,532 |
| Insurance | $19,230 |
| All other expenses | $524 |
| Total functional expenses | $6,956,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,010,904 |
| Savings and temporary cash investments | $1,180,076 |
| Pledges and grants receivable | $20,300 |
| Accounts receivable, net | $4,210 |
| 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 | $53,860 |
| Net Land, buildings, and equipment | $16,278,934 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,548,284 |
| Accounts payable and accrued expenses | $473,899 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $17,426,091 |
| 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 | $44,547 |
| Other liabilities | $0 |
| Total liabilities | $17,944,537 |
| Net assets without donor restrictions | $4,603,747 |
| Net assets with donor restrictions | $0 |
| 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 | $22,548,284 |