Estrella Educational Foundation
- Assets
- $1.8m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 37
- Location
- Phoenix, AZ
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 46-2629295
Organization Overview
Estrella Educational Foundation is located in Phoenix, AZ. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Estrella Educational Foundation employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Estrella Educational Foundation 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, Estrella Educational Foundation generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 37.1% each year . All expenses for the organization totaled $3.5m during the year ending 06/2022. While expenses have increased by 31.6% per year over the past 5 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
ESTRELLA EDUCATIONAL FOUNDATION IS COMMITTED TO THE MISSION OF IMPROVING STUDENT ACHIEVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTRELLA EDUCATIONAL FOUNDATION HAS TWO MAIN STRATEGIC UNITS. THESE ARE: EDUCATION CHARTER SCHOOLS FOR SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (STEM) AND EDUCATIONAL SERVICES FOR UNDERSERVED/ECONOMICALLY DISADVANTAGED STUDENT POPULATIONS. THE SCHOOL PROVIDED EDUCATIONAL SERVICES IN PHOENIX, ARIZONA TO APPROXIMATELY 330 STUDENTS IN NINTH THROUGH TWELFTH GRADES DURING THE 2021-2022 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Calderon Director | OfficerTrustee | 1 | $0 |
Michael Arano Director | OfficerTrustee | 1 | $0 |
David Burrows Director | OfficerTrustee | 1 | $0 |
Farid Zehtab Director | Trustee | 1 | $0 |
Ruben Gutierrez Chief Executive Officer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,363,431 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,365,031 |
| Total Program Service Revenue | $0 |
| Investment income | $65 |
| 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 | $4,431,021 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,595,677 |
| Pension plan accruals and contributions | $68,092 |
| Other employee benefits | $77,726 |
| Payroll taxes | $119,540 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,874 |
| Fees for services: Accounting | $104,662 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $427,499 |
| Advertising and promotion | $41,901 |
| Office expenses | $200,666 |
| Information technology | $113,992 |
| Royalties | $0 |
| Occupancy | $549,191 |
| Travel | $148,340 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $757 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,578 |
| Insurance | $0 |
| All other expenses | $14,158 |
| Total functional expenses | $3,513,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,239,038 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $463,563 |
| 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 | $8,713 |
| Net Land, buildings, and equipment | $57,992 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,064 |
| Total assets | $1,801,370 |
| Accounts payable and accrued expenses | $324,447 |
| 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 | $108,168 |
| Total liabilities | $432,615 |
| Net assets without donor restrictions | $1,364,629 |
| Net assets with donor restrictions | $4,126 |
| 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 | $1,801,370 |