Synergy Public School
- Assets
- $17.5m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 72
- Location
- Phoenix, AZ
- Founding
- 12/2016
- Data as of
- 06/2022
- 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 06/2022, Synergy Public School employed 72 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 06/2022, Synergy Public School generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $5.8m during the year ending 06/2022. While expenses have increased by 20.1% per year over the past 5 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF K - 7TH GRADE CHARTER SCHOOL SERVING APPROX 475 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Weiss Executive Director | OfficerTrustee | 40 | $105,250 |
Melissa Mckinsey Executive Director | OfficerTrustee | 40 | $102,515 |
Julie Moroschan Director | Trustee | 1 | $0 |
Jeanne O'callaghan Director | Trustee | 1 | $0 |
Judith Ambelang Director | Trustee | 1 | $0 |
Tim Reardon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,567,261 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,567,261 |
| Total Program Service Revenue | $51,361 |
| Investment income | $0 |
| 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 | $6,618,622 |
| 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 | $2,363,546 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $119,490 |
| Other employee benefits | $0 |
| Payroll taxes | $180,077 |
| Fees for services: Management | $24,700 |
| Fees for services: Legal | $5,896 |
| Fees for services: Accounting | $64,456 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $214,676 |
| Advertising and promotion | $74,007 |
| Office expenses | $15,220 |
| Information technology | $218,614 |
| Royalties | $0 |
| Occupancy | $92,534 |
| Travel | $10,951 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $899,701 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $252,523 |
| Insurance | $22,661 |
| All other expenses | $132,436 |
| Total functional expenses | $5,772,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,502,620 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,047 |
| 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 | $98,312 |
| Net Land, buildings, and equipment | $14,847,463 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,760 |
| Total assets | $17,501,202 |
| Accounts payable and accrued expenses | $100,198 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $14,609,474 |
| 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 | $519,535 |
| Total liabilities | $15,229,207 |
| Net assets without donor restrictions | $1,914,785 |
| Net assets with donor restrictions | $357,210 |
| 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 | $17,501,202 |