Synergy Public School
- Assets
- $12.8m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 55
- Location
- Phoenix, AZ
- Founding
- 12/2016
- Data as of
- 06/2021
- EIN
- 81-0695212
Organization Overview
Synergy Public School is located in Phoenix, AZ. The organization was established in 2016. 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, Synergy Public School employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Synergy Public 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 06/2021, Synergy Public School generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $4.2m during the year ending 06/2021. While expenses have increased by 16.1% per year over the past 4 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
THE MISSION OF SYNERGY PUBLIC SCHOOLS IS TO ENSURE THAT ALL CHILDREN EXPERIENCE A CHALLENGING AND PROGRESSIVE CHILD-CENTERED EDUCATIONAL PROGRAM THAT FOSTERS A LOVE OF LEARNING AND EMPOWERS STUDENT TO BE PRODUCTIVE, CARI
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF K - 5TH GRADE CHARTER SCHOOL SERVING APPROX 388 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Weiss Executive Director | OfficerTrustee | 40 | $96,501 |
Melissa Mckinsey Director | OfficerTrustee | 40 | $93,558 |
Julie Moroschan Director | Trustee | 1 | $0 |
Jeanne O'callaghan Director | Trustee | 1 | $0 |
Tim Reardon Director | Trustee | 1 | $0 |
Judith Ambelang Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,471,802 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,661 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,479,463 |
| Total Program Service Revenue | $4,829 |
| Investment income | $69 |
| 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 | $4,484,361 |
| 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 | $1,867,937 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,254 |
| Payroll taxes | $145,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,355 |
| Fees for services: Accounting | $50,641 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,249 |
| Fees for services: Other | $182,016 |
| Advertising and promotion | $27,634 |
| Office expenses | $11,528 |
| Information technology | $252,044 |
| Royalties | $0 |
| Occupancy | $76,667 |
| Travel | $6,759 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $746,736 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $243,987 |
| Insurance | $23,459 |
| All other expenses | $44,937 |
| Total functional expenses | $4,196,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,648,655 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88,677 |
| 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 | $89,572 |
| Net Land, buildings, and equipment | $9,925,290 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,500 |
| Total assets | $12,759,694 |
| Accounts payable and accrued expenses | $1,550,418 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $9,037,647 |
| 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 | $745,290 |
| Total liabilities | $11,333,355 |
| Net assets without donor restrictions | $1,223,897 |
| Net assets with donor restrictions | $202,442 |
| 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 | $12,759,694 |
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