Great Hearts America
- Assets
- $8.2m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 12/2014
- Data as of
- 06/2021
- EIN
- 45-4306715
Organization Overview
Great Hearts America is located in Phoenix, AZ. The organization was established in 2014. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, 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. Great Hearts America 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, Great Hearts America generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $5.1m during the year ending 06/2021. While expenses have increased by 10.6% 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
GREAT HEARTS IS A NON-PROFIT NETWORK OF PUBLIC CHARTER SCHOOLS DEDICATED TO IMPROVING EDUCATION NATIONWIDE THROUGH CLASSICAL PREPARATORY K-12 ACADEMIES. A GREAT HEARTS EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS IN THE PURSUIT OF TRUTH, GOODNESS AND BEAUTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREAT HEARTS IS A NON-PROFIT NETWORK OF PUBLIC CHARTER SCHOOLS DEDICATED TO IMPROVING EDUCATION NATIONWIDE THROUGH CLASSICAL PREPARATORY K-12 ACADEMIES. A GREAT HEARTS EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS IN THE PURSUIT OF TRUTH, GOODNESS AND BEAUTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade Dyke CEO | Officer | 40 | $328,005 |
Ron Zoromski CFO | Officer | 40 | $244,876 |
Jay Heiler Board Chair | Officer | 40 | $220,096 |
Robert Wagner Cao | Officer | 40 | $190,944 |
Daniel Scoggin Foundation P | Trustee | 20 | $152,173 |
Marilyn Papke VP Business | 40 | $151,596 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,000,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,070 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,056,070 |
| Total Program Service Revenue | $4,273,086 |
| 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 | $5,329,608 |
| 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. | $1,204,811 |
| Compensation of current officers, directors, key employees. | $162,415 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,027,776 |
| Pension plan accruals and contributions | $48,589 |
| Other employee benefits | $286,773 |
| Payroll taxes | $196,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,524 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $653,620 |
| Advertising and promotion | $0 |
| Office expenses | $16,065 |
| Information technology | $157,347 |
| Royalties | $0 |
| Occupancy | $116,864 |
| Travel | $148,059 |
| 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 | $18,154 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,089,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,196,655 |
| 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 | $54,576 |
| Net Land, buildings, and equipment | $102,571 |
| Investments—publicly traded securities | $581,343 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,270,636 |
| Total assets | $8,205,781 |
| Accounts payable and accrued expenses | $6,787,743 |
| 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 | $0 |
| Total liabilities | $6,787,743 |
| Net assets without donor restrictions | $1,418,038 |
| 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 | $8,205,781 |
Grants Awarded
Over the last fiscal year, Great Hearts America has awarded $700,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
San Antonio, TX PURPOSE: EDUCATION | $588,333 |
Phoenix, AZ PURPOSE: EDUCATION | $111,667 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Great Hearts America has recieved totaling $300,166.
| Awarding Organization | Amount |
|---|---|
Louis Calder Foundation Denver, CO PURPOSE: CURRICULUM | $150,000 |
Louis Calder Foundation Denver, CO PURPOSE: CURRICULUM | $150,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $166 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Green Dot Public Schools National Los Angeles, CA | $10,551,526 | $15,630,320 |
Excellent Education Development Los Angeles, CA | $11,092,379 | $14,067,993 |
Bscs Science Learning Colorado Springs, CO | $4,778,283 | $10,912,233 |
Digital Green Foundation San Francisco, CA | $24,571,129 | $22,099,634 |
Rio Hondo Education Consortium Whittier, CA | $3,342,079 | $7,995,836 |
Beyond 12 Education Inc Oakland, CA | $8,854,205 | $13,660,419 |
Careerwise Colorado Denver, CO | $4,848,790 | $6,258,093 |
Accrediting Commission For Schools Western Association Of Schools An Burlingame, CA | $8,710,989 | $6,512,676 |
Great Hearts America Phoenix, AZ | $8,205,781 | $5,329,608 |
Minga Education Group Peyton, CO | $63,725 | $3,961,328 |
Propel A Charter Management Group Inc Covina, CA | $5,751,248 | $5,358,058 |
Internet Archive Us San Francisco, CA | $536,242 | $3,003,154 |