Ridgeline Academy Inc
- Assets
- $12.8m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 152
- Location
- Phoenix, AZ
- Founding
- 07/1992
- Data as of
- 06/2022
- EIN
- 86-0698441
Organization Overview
Ridgeline Academy Inc is located in Phoenix, AZ. The organization was established in 1992. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Ridgeline Academy Inc employed 152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridgeline Academy Inc 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, Ridgeline Academy Inc generated $9.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $8.0m during the year ending 06/2022. While expenses have increased by 10.6% per year over the past 7 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
RIDGELINE ACADEMY EXISTS TO FOSTER CRITICAL THINKING AMONG STUDENTS, PROMOTE ACADEMIC EXCELLENCE AND INSTILL A CULTURE OF LIFE-LONG LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIDGELINE ACADEMY PROVIDES FAMILIES WITH A COMMUNITY SCHOOL CULTURE AND SMALL CLASS SIZES WITH AN ENRICHED CORE KNOWLEDGE CURRICULUM AND HIGH ACADEMIC EXPECTATIONS IN A RESPECT-BASED LEARNING ENVIRONMENT SUPPORTED BY CHARACTER-BASED EDUCATION. OUR VALUES ARE GROUNDED IN THE BELIEF THAT STUDENTS ARE LITERATE IN ALL SUBJECTS; ARE INDEPENDENT AND CRITICAL THINKERS; AND ARE LIFE-LONG LEARNERS AND ACHIEVERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keven Barker Executive Di | Officer | 40 | $115,000 |
Kristine Burnett Secretary | OfficerTrustee | 1 | $0 |
Jason Klonoski Treasurer | OfficerTrustee | 3 | $0 |
John Mazza Director | Trustee | 0.5 | $0 |
Kevin Seabolt Director | Trustee | 0.5 | $0 |
Brandon Yancey President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $807,747 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,839 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $838,586 |
| Total Program Service Revenue | $8,543,392 |
| 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 | $9,403,071 |
| 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. | $124,400 |
| Compensation of current officers, directors, key employees. | $13,682 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,724,283 |
| Pension plan accruals and contributions | $82,552 |
| Other employee benefits | $822,494 |
| Payroll taxes | $294,424 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,439 |
| Fees for services: Accounting | $58,701 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $252,403 |
| Advertising and promotion | $18,790 |
| Office expenses | $0 |
| Information technology | $33,191 |
| Royalties | $0 |
| Occupancy | $332,224 |
| Travel | $46,778 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $203,129 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $262,606 |
| Insurance | $58,487 |
| All other expenses | $241,508 |
| Total functional expenses | $8,034,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,856,880 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $236,554 |
| Accounts receivable, net | $41,635 |
| 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 | $49,650 |
| Net Land, buildings, and equipment | $7,382,160 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $279,100 |
| Total assets | $12,845,979 |
| Accounts payable and accrued expenses | $377,267 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $6,109,241 |
| 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 | $6,486,508 |
| Net assets without donor restrictions | $5,964,678 |
| Net assets with donor restrictions | $394,793 |
| 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 | $12,845,979 |