Kaizen Educational Foundation
- Assets
- $53.7m
- Revenue
- $45.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 07/2009
- Data as of
- 06/2022
- EIN
- 80-0197489
Organization Overview
Kaizen Educational Foundation is located in Phoenix, AZ. The organization was established in 2009. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kaizen Educational Foundation 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, Kaizen Educational Foundation generated $45.6m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $42.5m during the year ending 06/2022. While expenses have increased by 6.6% per year over the past 3 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
IMPROVE THE PUBLIC SCHOOL SYSTEM BY CREATING A MORE COMPETITIVE ENVIRONMENT,PROVIDING PARENTS AND STUDENTS WITH THE FREEDOM OF CHOICE AND STRIVING FOR A HIGHER ACADEMIC STANDARD
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPHASIZE ACADEMIC COURSE WORK DESIGNED TO ADDRESS EACH STUDENT'S INDIVIDUAL NEEDS AND INVOLVEMENT IN A LEARNING ENVIRONMENT THAT ENCOURAGES RESPECT, RESPONSIBILITY, CHOICE, SERVICE AND HIGH EXPECTATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore Frederick President/executive Director | OfficerTrustee | 0 | $0 |
Dr Gina Conflitti Treasurer | OfficerTrustee | 0 | $0 |
Jessica Brown Director | Trustee | 0 | $0 |
Janna Wiseman Director | Trustee | 0 | $0 |
Benjamin Buchanan Director | Trustee | 0 | $0 |
Gary Bae Secretary - Nonvoting | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leona Arizona Management Llc Management Services | 6/29/22 | $4,667,801 |
Leona Arizona Employment Group Inc Contracted Services | 6/29/22 | $20,613,082 |
Lm Food Management Service Llc Catering | 6/29/22 | $236,144 |
Nutrition One Llc Catering | 6/29/22 | $1,137,019 |
Mariposa Therapy Services Therapy Services | 6/29/22 | $329,020 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,587,460 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,185,261 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,772,721 |
| Total Program Service Revenue | $0 |
| Investment income | $47,475 |
| 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 | $45,601,979 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,812,160 |
| Information technology | $1,401,956 |
| Royalties | $0 |
| Occupancy | $1,737,941 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,359,707 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,251,893 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $42,530,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,754,267 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,862,175 |
| 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 | $801 |
| Net Land, buildings, and equipment | $36,753,712 |
| Investments—publicly traded securities | $2,011,279 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,305,083 |
| Total assets | $53,687,317 |
| Accounts payable and accrued expenses | $3,043,875 |
| Grants payable | $0 |
| Deferred revenue | $1,081,723 |
| Tax-exempt bond liabilities | $40,159,626 |
| 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 | $286,397 |
| Other liabilities | $0 |
| Total liabilities | $44,571,621 |
| Net assets without donor restrictions | $9,115,696 |
| 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 | $53,687,317 |