Reid Traditional Schools Inc
- Assets
- $19.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 8
- Location
- Phoenix, AZ
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 45-3868431
Organization Overview
Reid Traditional Schools Inc is located in Phoenix, AZ. The organization was established in 2014. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Reid Traditional Schools Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reid Traditional Schools 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 Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 16.4% 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
REID TRADITIONAL SCHOOLS SUPPORTS THE OPERATION OF TWO CAMPUSES: VALLEY ACADEMY AND PAINTED ROCK ACADEMY. BOTH SCHOOLS HAVE CONSISTENTLY EARNED THE TOP ACADEMIC RATINGS POSSIBLE FROM THE ARIZONA DEPARTMENT OF EDUCATION. FOUNDED IN 1995, VALLEY ACADEMY HAS BEEN NOMINATED AS A NATIONAL 2014 BLUE RIBBON SCHOOL. OTHER AWARDS HAVE BEEN BESTOWED BY THE ARIZONA CHARTER SCHOOLS ASSOCIATION, INCLUDING 2011 CHARTER SCHOOL OF THE YEAR; 2010 BUSINESS LEADERSHIP OF THE YEAR; AND 2008 CHARTER SCHOOL TEACHER OF THE YEAR. 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
REID TRADITIONAL SCHOOLS SUPPORTS THE OPERATION OF TWO CAMPUSES: RTS VALLEY ACADEMY AND RTS PAINTED ROCK ACADEMY. BOTH SCHOOLS HAVE CONSISTENTLY EARNED THE TOP ACADEMIC RATINGS POSSIBLE FROM THE ARIZONA DEPARTMENT OF EDUCATION EACH AND EVERY YEAR OF OPERATION. FOUNDED IN 1995, RTS VALLEY ACADEMY WAS NAMED A 2014 NATIONAL BLUE RIBBON SCHOOL BY THE U.S. DEPARTMENT OF EDUCATION FOR CONTINUOUS ACADEMIC EXCELLENCE. RTS PAINTED ROCK ACADEMY WAS NAMED ARIZONA 2017 CHARTER SCHOOL OF THE YEAR, AND RTS VALLEY ACADEMY WAS NAMED 2011 CHARTER SCHOOL OF THE YEAR. THE ARIZONA CHARTER SCHOOLS ASSOCIATION ALSO BESTOWED AWARDS TO RTS VALLEY ACADEMY STAFF OF 2010 BUSINESS LEADERSHIP OF THE YEAR AND 2008 CHARTER SCHOOL TEACHER 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 |
|---|---|---|---|
Heidi Mitchell CEO | Officer | 40 | $171,449 |
Parag Chokshi President | OfficerTrustee | 2 | $0 |
Cuyler Reid Secretary | OfficerTrustee | 2 | $0 |
Letha Warner Treasurer | OfficerTrustee | 2 | $0 |
Samuel Efird Director | Trustee | 2 | $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 | $1,559 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,559 |
| Total Program Service Revenue | $402,504 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,535,627 |
| 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 | $1,939,690 |
| 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. | $171,449 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $275,270 |
| Pension plan accruals and contributions | $49,211 |
| Other employee benefits | $65,732 |
| Payroll taxes | $31,948 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $358 |
| Fees for services: Accounting | $11,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,228 |
| Advertising and promotion | $64,874 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $721 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,005,957 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $568,501 |
| Insurance | $5,253 |
| All other expenses | $0 |
| Total functional expenses | $2,338,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,774 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $8,559 |
| Net Land, buildings, and equipment | $17,568,238 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,689,580 |
| Total assets | $19,381,151 |
| Accounts payable and accrued expenses | $45,870 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $20,631,696 |
| 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 | $99,023 |
| Total liabilities | $20,776,589 |
| Net assets without donor restrictions | -$1,395,438 |
| 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 | $19,381,151 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Reid Traditional Schools Inc has recieved totaling $9,179.
| Awarding Organization | Amount |
|---|---|
Painted Rock Organization Of Parents Phoenix, AZ PURPOSE: Support Charter School | $9,179 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Corporation San Francisco State San Francisco, CA | $47,309,090 | $29,247,706 |
California State University Dominguez Hills Foundation Carson, CA | $11,765,317 | $14,222,352 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
Allan Hancock College Foundation Santa Maria, CA | $20,101,421 | $6,236,200 |
Wave Property Inc Malibu, CA | $0 | -$40,507 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
U C Riverside Foundation Riverside, CA | $204,662,854 | $24,632,492 |
San Francisco State University Foundation San Francisco, CA | $183,676,818 | $22,479,029 |
10000 Degrees San Rafael, CA | $19,169,911 | $12,132,333 |
Klare Holdings Los Angeles, CA | $259,758,492 | $15,264,279 |
California State University - Northridge Foundation Northridge, CA | $300,894,352 | $70,202,583 |
University Of Northern Colorado Foundation Inc Greeley, CO | $134,921,327 | $19,470,249 |