Cicero Preparatory Academy
- Assets
- $1.2m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 04/2015
- Data as of
- 06/2021
- EIN
- 46-4096974
Organization Overview
Cicero Preparatory Academy is located in Phoenix, AZ. The organization was established in 2015. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, 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. Cicero Preparatory Academy 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, Cicero Preparatory Academy 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 10.8% each year . All expenses for the organization totaled $5.0m during the year ending 06/2021. While expenses have increased by 10.9% 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
A CICERO PREPARATORY ACADEMY 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
A CICERO PREPARATORY ACADEMY 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 |
|---|---|---|---|
Diane Bishop Secretary | OfficerTrustee | 2 | $0 |
Philip Tirone Vice Preside | OfficerTrustee | 2 | $0 |
Robert Mulhern President | OfficerTrustee | 2 | $0 |
Alexander Julian Headmaster | Officer | 40 | $0 |
Christofer Pereyra Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $438,458 |
| All other contributions, gifts, grants, and similar amounts not included above | $425,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $864,170 |
| Total Program Service Revenue | $4,262,978 |
| Investment income | $160 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $103,175 |
| 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 | $5,257,146 |
| 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. | $100,827 |
| Compensation of current officers, directors, key employees. | $12,747 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,223,926 |
| Pension plan accruals and contributions | $33,432 |
| Other employee benefits | $420,435 |
| Payroll taxes | $175,791 |
| Fees for services: Management | $398,099 |
| Fees for services: Legal | $4,703 |
| Fees for services: Accounting | $10,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,482 |
| Advertising and promotion | $0 |
| Office expenses | $16,798 |
| Information technology | $62,952 |
| Royalties | $0 |
| Occupancy | $735,657 |
| Travel | $0 |
| 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 | $23,023 |
| Insurance | $0 |
| All other expenses | $109,474 |
| Total functional expenses | $5,011,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $840,045 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $209,234 |
| 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 | $98,493 |
| Net Land, buildings, and equipment | $39,964 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,187,736 |
| Accounts payable and accrued expenses | $159,842 |
| Grants payable | $0 |
| Deferred revenue | $3,005 |
| 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 | $248,857 |
| Total liabilities | $411,704 |
| Net assets without donor restrictions | $776,032 |
| 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 | $1,187,736 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Cicero Preparatory Academy has recieved totaling $5,969.
| Awarding Organization | Amount |
|---|---|
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $1,900 |
Fidelity Foundation Boston, MA PURPOSE: MATCHING GIFTS TO EDUCATION | $1,000 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $694 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $694 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $694 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $463 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |
San Diego Jewish Academy San Diego, CA | $60,657,178 | $18,702,706 |
Curtis School Foundation Los Angeles, CA | $75,927,733 | $19,348,920 |
Excel Academy Charter Schools San Marcos, CA | $11,403,735 | $18,058,297 |
Le Lycee Francais De Los Angeles Los Angeles, CA | $97,517,378 | $23,043,510 |
Willows Community School Culver City, CA | $69,044,375 | $19,353,304 |
Association Of Christian Schools International Colorado Springs, CO | $18,742,731 | $17,834,465 |
Hawking Steam Charter Schools Inc Chula Vista, CA | $87,803,315 | $18,115,527 |
Stem Preparatory Schools Inc Los Angeles, CA | $15,250,781 | $22,306,511 |
San Jacinto Valley Academy Inc San Jacinto, CA | $34,100,540 | $18,923,540 |
Educational Enrichment Systems Inc San Diego, CA | $11,058,337 | $15,963,702 |
Drew School San Francisco, CA | $38,712,933 | $16,113,133 |