Heritage Academy Laveen Inc
- Assets
- $16.4m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 83
- Location
- Mesa, AZ
- Founding
- 08/2016
- Data as of
- 06/2022
- EIN
- 46-4467315
Organization Overview
Heritage Academy Laveen Inc is located in Mesa, AZ. The organization was established in 2016. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Heritage Academy Laveen Inc employed 83 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Heritage Academy Laveen 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, Heritage Academy Laveen Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $6.1m during the year ending 06/2022. While expenses have increased by 13.1% 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
PROVIDE STUDENTS WITH A CLEAN, MORAL, POSITIVE ATMOSPHERE. ENCOURAGE STUDENTS TO MASTER THE PRIMARY AND SECONDARY SKILLS IN THE FIELDS OF HISTORY, MATH, WRITING, LITERATURE, GRAMMAR, READING, AND SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HERITAGE ACADEMY LAVEEN INC. OPERATES AS A CHARTER SCHOOL FOR GRADES 7-12 IN LAVEEN, ARIZONA. THE SCHOOL HAD APPROXIMATELY 559 STUDENTS ENROLLED DURING THE 2021-2022 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Taylor President & CEO | OfficerTrustee | 11 | $0 |
Emily Asanovich Clerk | Trustee | 40 | $110,518 |
Abelina Acosta Director | Trustee | 0 | $0 |
Anna Weiler Director | Trustee | 40 | $101,361 |
Joseph Arnold Director | Trustee | 40 | $105,326 |
Eric Vogelsberg CFO | Officer | 11 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $804,237 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $804,237 |
| Total Program Service Revenue | $4,664,957 |
| Investment income | $5,118 |
| Tax Exempt Bond Proceeds | -$236,156 |
| 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 | $5,238,156 |
| 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. | $317,205 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,454,649 |
| Pension plan accruals and contributions | $326,000 |
| Other employee benefits | $71,536 |
| Payroll taxes | $204,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,196 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $224,016 |
| Advertising and promotion | $15,414 |
| Office expenses | $15,953 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $114,265 |
| Travel | $51,980 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,949 |
| Interest | $1,606,643 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $373,345 |
| Insurance | $89,823 |
| All other expenses | $268,279 |
| Total functional expenses | $6,141,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,260,446 |
| Savings and temporary cash investments | $333,993 |
| 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 | $57,586 |
| Net Land, buildings, and equipment | $13,340,476 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,385,629 |
| Total assets | $16,378,130 |
| Accounts payable and accrued expenses | $368,952 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $16,192,288 |
| 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 | $527,174 |
| Total liabilities | $17,088,414 |
| Net assets without donor restrictions | -$710,284 |
| 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 | $16,378,130 |