Sonoran Schools
- Assets
- $2.1m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 262
- Location
- Gilbert, AZ
- Founding
- 07/2014
- Data as of
- 06/2022
- EIN
- 45-2210319
Organization Overview
Sonoran Schools is located in Gilbert, AZ. The organization was established in 2014. 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, Sonoran Schools employed 262 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sonoran Schools 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, Sonoran Schools generated $10.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $10.3m during the year ending 06/2022. While expenses have increased by 9.4% 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
TO PROVIDE OPERATIONS SUPPORT WHICH CONSISTS OF EMPLOYEE LEASING, AND RELATED PAYROLL SERVICES AND MANAGEMENT SERVICES TO CHARTER SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CURRENTLY THE ORGANIZATION PROVIDES OPERATIONS SUPPORT TO A NETWORK OF SIX PUBLIC CHARTER SCHOOLS AND ON EARLY EDUCATION (PRESCHOOL) LOCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fatih Karatas CEO | Officer | 40 | $96,894 |
Andrew Phelan III Director A&f | Officer | 40 | $21,678 |
Omar Guenver Director | Trustee | 3 | $0 |
Roberrt Hobbins Director | Trustee | 3 | $0 |
Allissa Tanner Director | Trustee | 3 | $0 |
Ali Kemal Unver Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,065,793 |
| Investment income | $0 |
| 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 | $10,071,225 |
| 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. | $135,436 |
| Compensation of current officers, directors, key employees. | $102,536 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,546,138 |
| Pension plan accruals and contributions | $305,665 |
| Other employee benefits | $26,694 |
| Payroll taxes | $704,045 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,499 |
| Fees for services: Accounting | $15,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,199,884 |
| Advertising and promotion | $0 |
| Office expenses | $40,530 |
| Information technology | $22,346 |
| Royalties | $0 |
| Occupancy | $57,127 |
| Travel | $88,257 |
| 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 | $0 |
| Insurance | $15,215 |
| All other expenses | $0 |
| Total functional expenses | $10,256,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,262,909 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,859 |
| 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 | $14,242 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $773,119 |
| Total assets | $2,073,129 |
| Accounts payable and accrued expenses | $657,675 |
| 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 | $657,675 |
| Net assets without donor restrictions | $1,415,454 |
| 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 | $2,073,129 |