Paramount Education Studies Inc
- Assets
- $5.5m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 23
- Location
- Waddell, AZ
- Founding
- 10/1998
- Data as of
- 06/2022
- EIN
- 43-1785236
Organization Overview
Paramount Education Studies Inc is located in Waddell, AZ. The organization was established in 1998. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Paramount Education Studies Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paramount Education Studies 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, Paramount Education Studies Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $2.4m 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 SCHOOLS MISSION IS TO PREPARE ALL STUDENTS WITH AUTHENTIC SKILLS NECESSARY FOR A MEANINGFUL AND SUCCESSFUL LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF CHARTER SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Cline President | OfficerTrustee | 40 | $158,882 |
Sarah Dohm Member | Trustee | 5 | $0 |
Sierra Basset Member | Trustee | 5 | $0 |
Tammy Cline Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,485,581 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,171 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,488,752 |
| Total Program Service Revenue | $34,027 |
| Investment income | $15,140 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,888,956 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,426,875 |
| 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. | $178,067 |
| Compensation of current officers, directors, key employees. | $18,347 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,032,830 |
| Pension plan accruals and contributions | $95,510 |
| Other employee benefits | $46,378 |
| Payroll taxes | $54,736 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,095 |
| Fees for services: Accounting | $65,208 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,155 |
| Advertising and promotion | $0 |
| Office expenses | $1,154 |
| Information technology | $90,988 |
| Royalties | $0 |
| Occupancy | $386,435 |
| Travel | $21,477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $135,012 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,697 |
| Insurance | $41,983 |
| All other expenses | $295 |
| Total functional expenses | $2,409,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $484,289 |
| Savings and temporary cash investments | $4,354,814 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,946 |
| 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 | $14,223 |
| Net Land, buildings, and equipment | $555,827 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,466,099 |
| Accounts payable and accrued expenses | $33,279 |
| 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 | $33,279 |
| Net assets without donor restrictions | $5,432,820 |
| 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 | $5,466,099 |