Educational Options Foundation
- Assets
- $26.5m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 51
- Location
- Tempe, AZ
- Founding
- 07/2010
- Data as of
- 06/2022
- EIN
- 26-3627479
Organization Overview
Educational Options Foundation is located in Tempe, AZ. The organization was established in 2010. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Educational Options Foundation employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Educational Options Foundation 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, Educational Options Foundation generated $5.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. 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
THE ORGANIZATION PROVIDES EDUCATIONAL SERVICES TO STUDENTS IN 9TH THROUGH 12TH GRADES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDED EDUCATIONAL SERVICES TO APPROXIMATELY 80 STUDENTS ON CAMPUS AND 470 STUDENTS ONLINE IN NINTH THROUGH TWELFTH GRADES DURING THE 2021-2022 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven F Durand II President | OfficerTrustee | 25 | $131,222 |
William J Sawner Vice Preside | OfficerTrustee | 40 | $58,215 |
Randall Babick Director/mem | Trustee | 1 | $0 |
William R Dines Director/mem | Trustee | 1 | $0 |
Rebecca C White Director/mem | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
All About Kids Learning Center Llc Educational | 6/29/21 | $260,457 |
Nogales Property Management Facility Lease | 6/29/21 | $105,560 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,730,343 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,255 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,733,598 |
| Total Program Service Revenue | $266,513 |
| Investment income | -$101,536 |
| 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 | $5,898,575 |
| 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. | $189,437 |
| Compensation of current officers, directors, key employees. | $151,550 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $956,808 |
| Pension plan accruals and contributions | $8,507 |
| Other employee benefits | $0 |
| Payroll taxes | $71,195 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,419 |
| Fees for services: Accounting | $55,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $245,418 |
| Advertising and promotion | $15,899 |
| Office expenses | $617,335 |
| Information technology | $2,695 |
| Royalties | $0 |
| Occupancy | $319,377 |
| Travel | $1,423 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $167,702 |
| Insurance | $53,658 |
| All other expenses | $0 |
| Total functional expenses | $2,709,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,417,363 |
| Savings and temporary cash investments | $18,316,626 |
| Pledges and grants receivable | $421,006 |
| Accounts receivable, net | $157,990 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $222,424 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $25,511 |
| Net Land, buildings, and equipment | $5,902,080 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,642 |
| Total assets | $26,472,642 |
| Accounts payable and accrued expenses | $53,400 |
| 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 | $0 |
| Total liabilities | $53,400 |
| Net assets without donor restrictions | $26,419,242 |
| 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 | $26,472,642 |