Leading Edge Academy Queen Creek
- Assets
- $2.3m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 61
- Location
- Gilbert, AZ
- Founding
- Data as of
- 06/2022
- 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 06/2022, Leading Edge Academy Queen Creek employed 61 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 06/2022, Leading Edge Academy Queen Creek generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $3.7m during the year ending 06/2022. While expenses have increased by 22.3% 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
2022
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 2021-22 AS AN ARIZONA PUBLIC CHARTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin Boatright Director | Trustee | 40 | $86,167 |
Joey Bilbrey Director | Trustee | 1 | $0 |
Tim Hall Director | Trustee | 1 | $0 |
Steve Butcher Director | Trustee | 1 | $0 |
Jessica Darley Director | Trustee | 1 | $0 |
Michelle Borja Finance Director | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $28,348 |
| Related organizations | $0 |
| Government grants | $4,946,620 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,777 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,991,745 |
| Total Program Service Revenue | $80,681 |
| Investment income | $82 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,000 |
| 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 | $5,096,508 |
| 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 | $1,847,209 |
| Pension plan accruals and contributions | $59,100 |
| Other employee benefits | $51,759 |
| Payroll taxes | $155,091 |
| Fees for services: Management | $336,260 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,333 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $259,541 |
| Advertising and promotion | $18,026 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $553,188 |
| 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 | $128,204 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,741,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $718,850 |
| Savings and temporary cash investments | $290,074 |
| Pledges and grants receivable | $316,675 |
| Accounts receivable, net | $171,195 |
| 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 | $652,502 |
| Net Land, buildings, and equipment | $199,751 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,349,047 |
| Accounts payable and accrued expenses | $49,187 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $49,187 |
| Net assets without donor restrictions | $2,174,829 |
| Net assets with donor restrictions | $125,031 |
| 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 | $2,349,047 |