Imagine Prep Superstition Inc
- Assets
- $11.1m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 57
- Location
- Apache Junction, AZ
- Founding
- 03/2013
- Data as of
- 06/2023
- EIN
- 45-2540612
Organization Overview
Imagine Prep Superstition 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 Prep Superstition Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imagine Prep Superstition 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 Prep Superstition Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $4.4m during the year ending 06/2023. While expenses have increased by 4.3% 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 9TH THROUGH 12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laila Valencia Principal | Officer | 28 | $53,675 |
Shannon Heinze Secretary | OfficerTrustee | 2 | $0 |
Herman Orcutt 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 | $831,011 |
| Government grants | $402,093 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,870 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,235,974 |
| Total Program Service Revenue | $2,940,947 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $300,398 |
| 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 | $4,510,371 |
| 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. | $53,674 |
| Compensation of current officers, directors, key employees. | $9,079 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,442,646 |
| Pension plan accruals and contributions | $47,949 |
| Other employee benefits | $334,935 |
| Payroll taxes | $100,063 |
| Fees for services: Management | $319,012 |
| Fees for services: Legal | $1,171 |
| Fees for services: Accounting | $17,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,133 |
| Advertising and promotion | $68,763 |
| Office expenses | $33,779 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $901,325 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,848 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $163,288 |
| Insurance | $61,918 |
| All other expenses | $205,851 |
| Total functional expenses | $4,384,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $566,282 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $58,329 |
| Accounts receivable, net | $9,974 |
| 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 | $290,227 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,156,281 |
| Total assets | $11,081,093 |
| Accounts payable and accrued expenses | $241,996 |
| 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 | $11,724,527 |
| Total liabilities | $11,966,523 |
| Net assets without donor restrictions | -$1,025,936 |
| Net assets with donor restrictions | $140,506 |
| 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 | $11,081,093 |