Tucson International Academy
- Assets
- $1.8m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 71
- Location
- Tucson, AZ
- Founding
- 01/2005
- Data as of
- 06/2021
- EIN
- 61-1414493
Organization Overview
Tucson International Academy is located in Tucson, AZ. The organization was established in 2005. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Tucson International Academy employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tucson International 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, Tucson International Academy generated $6.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $5.3m during the year ending 06/2021. While expenses have increased by 2.1% 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
TO PREPARE STUDENTS FOR A GLOBAL SOCIETY THROUGH HIGHER EDUCATION, ACADEMIC EXCELLENCE, TECHNOLOGY AND COMMUNITY INVOLVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATING AND ENRICHING CHILDREN THROUGH A COMPREHENSIVE CURRICULUM WITH AN EMPHASIS ON EXPOSURE TO DIVERSE INTERNATIONAL CULTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valarie Enriquez Principal | Officer | 40 | $74,397 |
Jennifer E Herrera President/ex | OfficerTrustee | 40 | $65,931 |
Wences Herrera Co-Owner | Officer | 40 | $56,313 |
James R Davis Director | Trustee | 2 | $0 |
Suzanne E Delap Director | Trustee | 2 | $0 |
Richard Rivas Sr Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Herrera Enterprises Llc Facility Rental | 6/29/21 | $517,008 |
Midvale Park Shopping Center Facility Rental | 6/29/21 | $251,313 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $657 |
| Related organizations | $0 |
| Government grants | $5,613,080 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,827 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,618,564 |
| Total Program Service Revenue | $3,866 |
| Investment income | $875 |
| 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 | $6,084,775 |
| 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. | $196,641 |
| Compensation of current officers, directors, key employees. | $36,673 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,914,817 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $213,530 |
| Payroll taxes | $161,526 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,465 |
| Fees for services: Accounting | $161,579 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $648,980 |
| Advertising and promotion | $147,619 |
| Office expenses | $185,368 |
| Information technology | $196,422 |
| Royalties | $0 |
| Occupancy | $1,294,882 |
| Travel | $19,625 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,591 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,153 |
| Insurance | $43,617 |
| All other expenses | $0 |
| Total functional expenses | $5,317,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $812,230 |
| Savings and temporary cash investments | $514,209 |
| Pledges and grants receivable | $209,277 |
| 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 | $45,125 |
| Net Land, buildings, and equipment | $222,222 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,803,063 |
| Accounts payable and accrued expenses | $342,975 |
| 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 | $102,493 |
| Total liabilities | $445,468 |
| Net assets without donor restrictions | $1,357,595 |
| 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 | $1,803,063 |
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