Reid Traditional Schools Painted Rock Academy Inc
- Assets
- $897.5k
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 99
- Location
- Phoenix, AZ
- Founding
- 07/2012
- Data as of
- 06/2022
- EIN
- 45-3868417
Organization Overview
Reid Traditional Schools Painted Rock Academy Inc is located in Phoenix, AZ. The organization was established in 2012. 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, Reid Traditional Schools Painted Rock Academy Inc employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reid Traditional Schools Painted Rock Academy 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, Reid Traditional Schools Painted Rock Academy Inc generated $5.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $5.1m during the year ending 06/2022. While expenses have increased by 1.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 2012, RTS PAINTED ROCK ACADEMY IS MODELED AFTER THE AWARD- WINNING VALLEY ACADEMY. IN ITS FIRST YEAR OF EXISTENCE, STUDENT ACADEMIC GROWTH WAS IN THE TOP 2% OF THE STATE. THE SCHOOL EARNED AN "A" RATING FROM THE ARIZONA DEPARTMENT OF EDUCATION. THE MISSION OF REID TRADITIONAL SCHOOLS IS TO OFFER BACK-TO-BASICS, TRADITIONAL EDUCATION BY PROVIDING A CHALLENGING, SEQUENTIAL, TEACHER- DIRECTED, STANDARDS-BASED, TEXTBOOK-DRIVEN CURRICULUM SUPPORTED BY INDIVIDUAL ACCOUNTABILITY AND HIGH ACADEMIC AND BEHAVIORAL STANDARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 2012, RTS PAINTED ROCK ACADEMY IS MODELED AFTER THE AWARD- WINNING RTS VALLEY ACADEMY. IN ITS FIRST YEAR OF EXISTENCE, STUDENT ACADEMIC GROWTH WAS IN THE TOP 2% OF THE STATE. THE SCHOOL HAS CONSISTENTLY EARNED AN "A" RATING FROM THE DEPARTMENT OF EDUCATION EACH AND EVERY YEAR. RTS PAINTED ROCK ACADEMY WAS NAMED THE 2017 CHARTER SCHOOL OF THE YEAR. WE ARE PROUD OF THE ACCOMPLISHMENTS BECAUSE THEY REPRESENT PUBLIC RECOGNITION OF OUR SUCCESS IN PREPARING CHILDREN FOR COLLEGE, CAREER, AND LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sanjiv Shukla President | OfficerTrustee | 2 | $0 |
Cuyler Reid Secretary | OfficerTrustee | 2 | $0 |
Letha Warner Treasurer | OfficerTrustee | 2 | $0 |
Samuel Efird Director | Trustee | 2 | $0 |
Leslie Szostak Director | Trustee | 2 | $0 |
Heidi Mitchell CEO | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $504,048 |
| 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 | $5,257,753 |
| Statement of Expenses | |
|---|---|
| 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. | $89,480 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,387,574 |
| Pension plan accruals and contributions | $291,827 |
| Other employee benefits | $363,308 |
| Payroll taxes | $184,775 |
| Fees for services: Management | $154,754 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $313,141 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $99,281 |
| Royalties | $0 |
| Occupancy | $826,404 |
| Travel | $2,739 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,743 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,336 |
| Insurance | $26,127 |
| All other expenses | $0 |
| Total functional expenses | $5,141,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $715,953 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $945 |
| 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 | $53,148 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,029 |
| Total assets | $897,496 |
| Accounts payable and accrued expenses | $281,451 |
| Grants payable | $0 |
| Deferred revenue | $34,745 |
| 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 | $328,916 |
| Total liabilities | $645,112 |
| Net assets without donor restrictions | -$198,836 |
| Net assets with donor restrictions | $451,220 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $252,384 |