Leading Edge Academy Queen Creek
- Assets
- $1.3m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 52
- Location
- Gilbert, AZ
- Founding
- Data as of
- 06/2021
- EIN
- 83-1885613
Organization Overview
Leading Edge Academy Queen Creek is located in Gilbert, AZ. 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, Leading Edge Academy Queen Creek employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leading Edge Academy Queen Creek 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, Leading Edge Academy Queen Creek generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $3.1m during the year ending 06/2021. While expenses have increased by 22.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL PROVIDES EDUCATIONAL SERVICES TO STUDENTS IN QUEEN CREEK, ARIZONA AND SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDED EDUCATIONAL SERVICES TO APPROXIMATELY 400 STUDENTS IN FISCAL YEAR 2020-21 AS AN ARIZONA PUBLIC CHARTER SCHOOL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Boatright Director | Trustee | 40 | $81,383 |
Delmer Geesey CEO | Officer | 10 | $0 |
Becki Krueger CFO | Officer | 15 | $0 |
Lori Anderson COO | Officer | 15 | $0 |
Tim Hall Director | Trustee | 1 | $0 |
Jessica Darley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,388 |
| Related organizations | $0 |
| Government grants | $3,332,608 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,492 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,361,488 |
| Total Program Service Revenue | $17,882 |
| Investment income | $118 |
| 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 | $3,379,488 |
| 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. | $83,333 |
| Compensation of current officers, directors, key employees. | $5,246 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,419,393 |
| Pension plan accruals and contributions | $44,163 |
| Other employee benefits | $63,954 |
| Payroll taxes | $104,958 |
| Fees for services: Management | $303,526 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $321,199 |
| Advertising and promotion | $16,711 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $462,786 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,993 |
| Insurance | $0 |
| All other expenses | $19,515 |
| Total functional expenses | $3,100,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $752,242 |
| Savings and temporary cash investments | $290,053 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,917 |
| 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 | $56,554 |
| Net Land, buildings, and equipment | $163,518 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,273,284 |
| Accounts payable and accrued expenses | $7,544 |
| 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 | $321,030 |
| Other liabilities | $0 |
| Total liabilities | $328,574 |
| Net assets without donor restrictions | $888,083 |
| Net assets with donor restrictions | $56,627 |
| 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 | $1,273,284 |
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