Bayer Private School
- Assets
- $5.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 36
- Location
- Glendale, AZ
- Founding
- 03/2015
- Data as of
- 05/2023
- EIN
- 46-5110979
Organization Overview
Bayer Private School is located in Glendale, AZ. The organization was established in 2015. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 05/2023, Bayer Private School employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bayer Private School 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 05/2023, Bayer Private School generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.9m during the year ending 05/2023. While expenses have increased by 2.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE SCHOOL(PK-8). PROVIDING A SUPERIOR EDUCATION TO STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING A SUPERIOR EDUCATION TO STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly K Lovelady President & CEO | OfficerTrustee | 40 | $3,510 |
Stephen W Lovelady Treasurer | OfficerTrustee | 40 | $3,510 |
Scott Wood Director | Trustee | 0 | $0 |
Myrna Chaydez Secretary | OfficerTrustee | 0 | $0 |
Allison Hudgins Director | Trustee | 0 | $0 |
Duane Lewis Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,510 |
| Related organizations | $0 |
| Government grants | $159,307 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,355 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $201,172 |
| Total Program Service Revenue | $1,831,150 |
| Investment income | $13,200 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,304 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,046,826 |
| 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. | $7,020 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,124,252 |
| Pension plan accruals and contributions | $6,828 |
| Other employee benefits | $40,233 |
| Payroll taxes | $84,701 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,543 |
| Office expenses | $3,475 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,150 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $340 |
| Interest | $158,670 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,771 |
| Insurance | $27,333 |
| All other expenses | $134,620 |
| Total functional expenses | $1,881,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $670,405 |
| 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 | $25,000 |
| Net Land, buildings, and equipment | $4,639,151 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,334,556 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,950,478 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,950,478 |
| Net assets without donor restrictions | $384,078 |
| 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 | $5,334,556 |