Asu Preparatory Academy
- Assets
- $49.1m
- Revenue
- $66.1m
- Investments
- $0.0
- Employees
- 822
- Location
- Tempe, AZ
- Founding
- 07/2008
- Data as of
- 06/2021
- EIN
- 26-0664313
Organization Overview
Asu Preparatory Academy is located in Tempe, 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 06/2021, Asu Preparatory Academy employed 822 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asu Preparatory Academy 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 06/2021, Asu Preparatory Academy generated $66.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $54.4m during the year ending 06/2021. While expenses have increased by 19.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO AFFORD STUDENTS AN OPTIMUM ENVIRONMENT FOR LEARNING, HELP THEM ACHIEVE THEIR POTENTIAL AND ENSURE THE APPROPRIATE LEVEL OF COLLEGE READINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - THE SCHOOL SERVED APPROXIMATELY 3,100 STUDENTS IN GRADES PRE-SCHOOL THROUGH 12 FOR THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Battle Head Of Scho | 40 | $219,402 | |
Lisa Edgar Chief Ptnrsh | Officer | 40 | $177,154 |
Derrick Greer Chief Tech O | 40 | $138,900 | |
Forrest Valora Finance/budg | Officer | 40 | $125,841 |
Jill May Rogier Head Of Scho | 40 | $125,582 | |
Robert Todd Jones Sr VP Of Str | 40 | $106,419 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ethan's Cleaning Solution Cleaning | 6/29/21 | $334,760 |
Sarah Rich Consulting | 6/29/21 | $234,356 |
Trinity 3 Llc Technology | 6/29/21 | $174,527 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $63,621,428 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,146,810 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,768,238 |
| Total Program Service Revenue | $1,800,261 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$586,745 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,068,953 |
| 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. | $302,995 |
| Compensation of current officers, directors, key employees. | $60,202 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,013,339 |
| Pension plan accruals and contributions | $3,387,996 |
| Other employee benefits | $2,875,398 |
| Payroll taxes | $2,098,582 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $249,934 |
| Fees for services: Accounting | $31,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,623,222 |
| Advertising and promotion | $182,539 |
| Office expenses | $278,775 |
| Information technology | $850,231 |
| Royalties | $0 |
| Occupancy | $1,804,264 |
| Travel | $360,328 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $280,039 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,681,493 |
| Insurance | $125,010 |
| All other expenses | $919,146 |
| Total functional expenses | $54,381,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,626,294 |
| Savings and temporary cash investments | $10,801,428 |
| Pledges and grants receivable | $3,571,663 |
| Accounts receivable, net | $382,834 |
| 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 | $315,512 |
| Net Land, buildings, and equipment | $11,529,854 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,918,638 |
| Total assets | $49,146,223 |
| Accounts payable and accrued expenses | $4,733,526 |
| Grants payable | $0 |
| Deferred revenue | $3,790,432 |
| Tax-exempt bond liabilities | $4,573,592 |
| 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 | $11,585,406 |
| Total liabilities | $24,682,956 |
| Net assets without donor restrictions | $24,439,664 |
| Net assets with donor restrictions | $23,603 |
| 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 | $49,146,223 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Asu Preparatory Academy has recieved totaling $366,066.
| Awarding Organization | Amount |
|---|---|
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT ASU'S DIGITAL PREP TO FURTHER DEVELOP ITS MODEL, BUILD AND TEST NEW TECHNOLOGIES, AND ASSESS PLANS TO SCALE. | $280,811 |
Arizona State University Foundation For A New American University Tempe, AZ PURPOSE: PROGRAM SUPPORT | $85,151 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $104 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rocketship Education Redwood City, CA | $74,871,482 | $120,667,231 |
American Leadership Academy Inc Mesa, AZ | $282,415,478 | $95,654,658 |
Five Keys Schools And Programs San Francisco, CA | $50,545,317 | $97,031,582 |
Inspire Charter Schools Duarte, CA | $15,814,456 | $76,018,441 |
Edkey Inc Mesa, AZ | $135,819,543 | $83,812,049 |
River Springs Charter School Inc Temecula, CA | $93,652,592 | $73,899,584 |
Granada Hills Charter Granada Hills, CA | $124,597,337 | $79,128,584 |
California Online Public Schools San Juan Capistrano, CA | $32,661,705 | $70,303,969 |
Camino Nuevo Charter Academy Los Angeles, CA | $62,441,915 | $60,583,098 |
Gateway Community Charters Mcclellan, CA | $96,780,042 | $72,531,964 |
Visions In Education Carmichael, CA | $94,876,505 | $77,038,173 |
Ofl-Baldwin Park Inc Pasadena, CA | $26,446,895 | $59,505,291 |