Lead Charter Schools
- Assets
- $11.8m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 150
- Location
- Gilbert, AZ
- Founding
- 09/2007
- Data as of
- 06/2022
- EIN
- 74-3027316
Organization Overview
Lead Charter Schools is located in Gilbert, AZ. The organization was established in 2007. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Lead Charter Schools employed 150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lead Charter Schools 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, Lead Charter Schools generated $11.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $10.3m during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 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
THE SCHOOL PROVIDES K-12 EDUCATIONAL SERVICES TO STUDENTS IN ARIZONA AS A PUBLIC CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDED K-12 EDUCATIONAL SERVICES TO STUDENTS AT FIVE CAMPUSES IN ARIZONA AS A PUBLIC CHARTER SCHOOL DURING THE 2021-22 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mat Reese Director | Trustee | 2 | $0 |
Daniel Sleezer Director | Trustee | 1 | $0 |
Cindy Stark Director | Trustee | 1 | $0 |
Vicky Schildgen Director | Trustee | 1 | $0 |
Rick Howard Director | Trustee | 1 | $0 |
Delmer Geesey CEO | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arizona Charter Solutions Inc Management | 6/29/17 | $540,000 |
Exceptional Academic Services Llc Instruction | 6/29/17 | $196,916 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $80,581 |
| Related organizations | $0 |
| Government grants | $11,157,171 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,327 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,257,079 |
| Total Program Service Revenue | $219,913 |
| Investment income | $7,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,568 |
| Net Gain/Loss on Asset Sales | $186,862 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,700,246 |
| 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 | $5,382,127 |
| Pension plan accruals and contributions | $118,142 |
| Other employee benefits | $189,525 |
| Payroll taxes | $401,787 |
| Fees for services: Management | $761,720 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $560,441 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $101,295 |
| Travel | $150,567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $651,599 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $597,310 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,343,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $916,835 |
| Savings and temporary cash investments | $367,671 |
| Pledges and grants receivable | $451,994 |
| Accounts receivable, net | $12,439 |
| 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 | $4,621 |
| Net Land, buildings, and equipment | $8,416,262 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,580,875 |
| Total assets | $11,750,697 |
| Accounts payable and accrued expenses | $344,988 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $7,295,687 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $525,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,165,675 |
| Net assets without donor restrictions | $3,111,857 |
| Net assets with donor restrictions | $473,165 |
| 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 | $11,750,697 |