Academy Of Mathematics & Science South Inc
- Assets
- $130.9m
- Revenue
- $62.1m
- Investments
- $0.0
- Employees
- 854
- Location
- Tucson, AZ
- Founding
- 05/2014
- Data as of
- 06/2022
- EIN
- 27-3641289
Organization Overview
Academy Of Mathematics & Science South Inc is located in Tucson, AZ. The organization was established in 2014. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Academy Of Mathematics & Science South Inc employed 854 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of Mathematics & Science South 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, Academy Of Mathematics & Science South Inc generated $62.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 58.1% each year . All expenses for the organization totaled $59.5m during the year ending 06/2022. While expenses have increased by 57.5% 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
WE WILL MOTIVATE AND INSPIRE STUDENTS FOR ACADEMIC, CAREER, AND LIFE SUCCESS THROUGH PROVIDING AN ADVANCED, WELL-ROUNDED, COLLEGE PREPARATORY EDUCATION INTERLACED WITH HABITS OF MIND, CHARACTER BUILDING, AND 21ST CENTURY SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE A CHARTER SCHOOL DEDICATED TO PROVIDING STUDENTS WITH A QUALITY EDUCATION. WE EMPHASIZE MATH AND SCIENCE WHILE SIMULTANEOUSLY PROVIDING A SUPERIOR EDUCATION IN ALL OTHER ASPECTS OF THE SCHOOL CURRICULUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Fitzsimmons Principal | Officer | $0 | |
Ashley Kane Principal | Officer | $0 | |
Curtis Walker Principal | Officer | $0 | |
Melisa Thalacker Principal | Officer | $0 | |
Olga Boytsova Secretary | OfficerTrustee | 5 | $0 |
Philip Carhuff Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vanguard Cleaning Systems Of Arizona | 6/29/22 | $261,497 |
Healthy Innovations Llc | 6/29/22 | $1,237,849 |
L&m Food Management Service | 6/29/22 | $943,832 |
Carl Grasso | 6/29/22 | $129,300 |
Az Ot 4 Kids Pllc | 6/29/22 | $110,383 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,852,925 |
| All other contributions, gifts, grants, and similar amounts not included above | $353,012 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,205,937 |
| Total Program Service Revenue | $46,527,573 |
| Investment income | $139,756 |
| 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 | $62,110,818 |
| 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. | $399,448 |
| Compensation of current officers, directors, key employees. | $63,891 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,840,969 |
| Pension plan accruals and contributions | $236,001 |
| Other employee benefits | $2,324,431 |
| Payroll taxes | $1,629,506 |
| Fees for services: Management | $9,181,607 |
| Fees for services: Legal | $666,778 |
| Fees for services: Accounting | $26,802 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $808,520 |
| Advertising and promotion | $2,121,167 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,443,301 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,538,686 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,092,488 |
| Insurance | $335,204 |
| All other expenses | $599,940 |
| Total functional expenses | $59,547,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,819,823 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,149,727 |
| 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 | $1,330,619 |
| Net Land, buildings, and equipment | $93,787,824 |
| Investments—publicly traded securities | $1,379,780 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,383,347 |
| Total assets | $130,851,120 |
| Accounts payable and accrued expenses | $4,484,652 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $117,536,470 |
| 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 | $473,450 |
| Total liabilities | $122,494,572 |
| Net assets without donor restrictions | $7,623,160 |
| Net assets with donor restrictions | $733,388 |
| 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 | $130,851,120 |