Academy Of Tucson
- Assets
- $7.4m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 73
- Location
- Tucson, AZ
- Founding
- 09/1986
- Data as of
- 06/2023
- EIN
- 86-0544519
Organization Overview
Academy Of Tucson is located in Tucson, AZ. The organization was established in 1986. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Academy Of Tucson employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of Tucson 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 06/2023, Academy Of Tucson generated $6.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $5.8m during the year ending 06/2023. While expenses have increased by 1.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A QUALITY EDUCATION FOR STUDENTS CHARACTERIZED BY: A SOUND COLLEGE PREPARATORY CURRICULUM; A FACULTY OF EDUCATED, RESPECTED, ENCOURAGING AND CARING TEACHERS; A SAFE AND SUPPORTIVE ENVIRONMENT FOR LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A QUALITY EDUCATION FOR STUDENTS CHARACTERIZED BY: A SOUND COLLEGE PREPARATORY CURRICULUM; A FACULTY OF EDUCATED, RESPECTED, ENCOURAGING AND CARING TEACHERS; A SAFE AND SUPPORTIVE ENVIRONMENT FOR LEARNING; A COMMUNICATIVE & ACCOUNTABLE ADMINISTRATION. PREPARE STUDENTS FOR CITIZENSHIP IN: A KNOWLEDGE-BASED GLOBAL ECONOMY; A DEMOCRATIC AND MULTICULTURAL COUNTRY; A FREE AND OPEN SOCIETY. GRADUATE STUDENTS WHOM: SHOW RESPECT FOR THEMSELVES AND OTHERS; TAKE RESPONSIBILITY FOR THEMSELVES; PRACTICE POSITIVE LEADERSHIP; VALUE EDUCATIONAL PREPARATION AND LIFELONG LEARNING; BECOME RESPONSIBLE, CONTRIBUTING CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard C Stewart President | OfficerTrustee | 40 | $72,000 |
Dr George Sokol Member | Trustee | 1 | $0 |
Ivan English Member | Trustee | 1 | $0 |
Kirsten Stephens Member | Trustee | 1 | $0 |
Marolyn Pierson Member | Trustee | 1 | $0 |
Wendi Allardice Superintendent | 40 | $101,038 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,980,035 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,088 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,009,123 |
| Total Program Service Revenue | $0 |
| Investment income | $688 |
| 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 | $6,141,204 |
| 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. | $78,995 |
| Compensation of current officers, directors, key employees. | $78,995 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,005,248 |
| Pension plan accruals and contributions | $359,326 |
| Other employee benefits | $179,606 |
| Payroll taxes | $225,313 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,989 |
| Fees for services: Accounting | $28,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $242,323 |
| Advertising and promotion | $34,012 |
| Office expenses | $203,240 |
| Information technology | $12,908 |
| Royalties | $0 |
| Occupancy | $934,435 |
| Travel | $7,298 |
| 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 | $251,651 |
| Insurance | $12,204 |
| All other expenses | $0 |
| Total functional expenses | $5,779,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,217,331 |
| Savings and temporary cash investments | $1,023,504 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $231,809 |
| 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 | $23,656 |
| Net Land, buildings, and equipment | $4,712,696 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $157,080 |
| Total assets | $7,366,076 |
| Accounts payable and accrued expenses | $37,381 |
| Grants payable | $0 |
| Deferred revenue | $73,285 |
| Tax-exempt bond liabilities | $6,877,621 |
| Escrow or custodial account liability | $27,460 |
| 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 | $19,369 |
| Total liabilities | $7,035,116 |
| Net assets without donor restrictions | $262,817 |
| Net assets with donor restrictions | $68,143 |
| 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 | $7,366,076 |