Freedom Prep Academy - Mesa
- Assets
- $584.9k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 11
- Location
- Gilbert, AZ
- Founding
- Data as of
- 06/2022
- EIN
- 84-3060365
Organization Overview
Freedom Prep Academy - Mesa 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, Freedom Prep Academy - Mesa employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freedom Prep Academy - Mesa 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, Freedom Prep Academy - Mesa generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 2 years. 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 IS DEDICATED TO PROVIDING MOTIVATED STUDENTS THE OPPORTUNITY TO ACHIEVE ACADEMIC EXCELLENCE AND DEVELOP LIFE SKILLS IN A TECHNOLOGY-RICH, CAREER FOCUSED, AND SAFE LEARNING ENVIRONMENT TAUGHT BY CARING AND KNOWLEDGEABLE EDUCATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL IS DEDICATED TO PROVIDING MOTIVATED STUDENTS THE OPPORTUNITY TO ACHIEVE ACADEMIC EXCELLENCE AND DEVELOP LIFE SKILLS IN A TECHNOLOGY-RICH, CAREER FOCUSED, AND SAFE LEARNING ENVIRONMENT TAUGHT BY CARING AND KNOWLEDGEABLE EDUCATORS. WE AT THE SCHOOL HOLD OURSELVES AND OUR STUDENTS TO HIGH EXPECTATIONS WHILE PROVIDING A MULTI-AGE LEARNING ENVIRONMENT, SMALL CLASS SIZES, AND A UNIQUE COMPREHENSIVE CURRICULUM TO APPROXIMATELY 130 STUDENTS IN SEVENTH THROUGH TWELFTH GRADES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Sterling Kellis President/charter Representative | OfficerTrustee | 40 | $130,581 |
Melony Opheim Secretary | OfficerTrustee | 10 | $0 |
Tait Rudd Treasurer | OfficerTrustee | 10 | $0 |
Laura Oliver Governing Body | Trustee | 40 | $32,901 |
Trevor Wilkins Governing Body | Trustee | 5 | $0 |
John Crismon Governing Body | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,633,078 |
| 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 | $1,633,078 |
| Total Program Service Revenue | $0 |
| 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 | $1,633,078 |
| 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. | $130,000 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation to disqualified persons | $60,500 |
| Other salaries and wages | $182,679 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $59,488 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $845,427 |
| Advertising and promotion | $11,252 |
| Office expenses | $31,082 |
| Information technology | $67,408 |
| Royalties | $0 |
| Occupancy | $45,412 |
| Travel | $3,018 |
| 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 | $0 |
| Insurance | $2,621 |
| All other expenses | $110 |
| Total functional expenses | $1,466,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $439,811 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $141,861 |
| 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 | $3,217 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $584,889 |
| Accounts payable and accrued expenses | $71,894 |
| Grants payable | $0 |
| Deferred revenue | $67,068 |
| 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 | $2,000 |
| Total liabilities | $140,962 |
| Net assets without donor restrictions | $221,064 |
| Net assets with donor restrictions | $222,863 |
| 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 | $584,889 |