Imagine Prep Coolidge Inc is located in Coolidge, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imagine Prep Coolidge 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 06/2021, Imagine Prep Coolidge Inc generated $6.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $6.0m during the year ending 06/2021. While expenses have increased by 1.9% 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
TO OPERATE A NOT-FOR-PROFIT CHARTER SCHOOL AND CONDUCT EDUCATIONAL RESEARCH, EVALUATION, AND DEVELOPMENT ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A CHARTER SCHOOL FOR STUDENTS IN 6TH THROUGH 12TH GRADES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Angela West Principal | Officer | 40 | $63,957 |
Rachael Hernandez Principal | Officer | 40 | $49,424 |
Herman Orcutt Secretary | OfficerTrustee | 2 | $0 |
Dr Leonora Ketyer Chair | OfficerTrustee | 2 | $0 |
Megan Zimmerman Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $70,000 |
Government grants | $1,628,440 |
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 | $1,698,440 |
Total Program Service Revenue | $4,305,954 |
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 | $6,004,751 |
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. | $113,381 |
Compensation of current officers, directors, key employees. | $22,231 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,137,980 |
Pension plan accruals and contributions | $52,265 |
Other employee benefits | $454,792 |
Payroll taxes | $94,937 |
Fees for services: Management | $482,675 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $13,600 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $563,162 |
Advertising and promotion | $46,229 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,031,726 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $5,002 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $91,269 |
Insurance | $48,107 |
All other expenses | $182,684 |
Total functional expenses | $5,966,843 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,196,087 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $9,460 |
Accounts receivable, net | $1,383 |
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 | $0 |
Net Land, buildings, and equipment | $237,828 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,444,758 |
Accounts payable and accrued expenses | $256,165 |
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 | $2,960,595 |
Total liabilities | $3,216,760 |
Net assets without donor restrictions | -$2,034,521 |
Net assets with donor restrictions | $262,519 |
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 | $1,444,758 |
Over the last fiscal year, we have identified 2 grants that Imagine Prep Coolidge Inc has recieved totaling $112,135.
Awarding Organization | Amount |
---|---|
Imagine Schools Non-Profit Inc Vienna, VA PURPOSE: EXPENSES | $100,000 |
Wonderful Foundations Minneapolis, MN PURPOSE: PROGRAMMING | $12,135 |
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Grow Public Schools Bakersfield, CA | $14,803,093 | $23,549,288 |
Natomas Charter School Sacramento, CA | $32,806,693 | $20,875,289 |
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