Imagine Superstition Middle Inc
- Assets
- $3.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 13
- Location
- Apache Junction, AZ
- Founding
- 03/2013
- Data as of
- 06/2023
- EIN
- 45-2540537
Organization Overview
Imagine Superstition Middle Inc is located in Apache Junction, AZ. The organization was established in 2013. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Imagine Superstition Middle Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imagine Superstition Middle 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 06/2023, Imagine Superstition Middle Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 3.7% per year over the past 8 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
2023
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 8TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laila Valencia Principal | Officer | 12 | $22,228 |
Shannon Heinze Chair | OfficerTrustee | 2 | $0 |
Herman Ocutt President | OfficerTrustee | 2 | $0 |
Robert Stevens Vice Preside | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $359,683 |
| 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 | $359,683 |
| Total Program Service Revenue | $1,390,199 |
| 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 | $1,749,917 |
| 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. | $22,229 |
| Compensation of current officers, directors, key employees. | $4,322 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $597,446 |
| Pension plan accruals and contributions | $10,073 |
| Other employee benefits | $186,601 |
| Payroll taxes | $17,837 |
| Fees for services: Management | $149,375 |
| Fees for services: Legal | $459 |
| Fees for services: Accounting | $12,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,459 |
| Advertising and promotion | $36,612 |
| Office expenses | $14,909 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $270,398 |
| Travel | $2,743 |
| 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 | $37,941 |
| All other expenses | $61,973 |
| Total functional expenses | $1,665,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,860 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $47,052 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,749,411 |
| Total assets | $3,131,323 |
| Accounts payable and accrued expenses | $45,912 |
| 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 | $3,733,567 |
| Total liabilities | $3,779,479 |
| Net assets without donor restrictions | -$779,751 |
| Net assets with donor restrictions | $131,595 |
| 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 | $3,131,323 |