Reid Traditional Schools Valley Academy Inc
- Assets
- $21.0m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 96
- Location
- Phoenix, AZ
- Founding
- 08/1995
- Data as of
- 06/2022
- EIN
- 86-0784125
Organization Overview
Reid Traditional Schools Valley Academy Inc is located in Phoenix, AZ. The organization was established in 1995. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Reid Traditional Schools Valley Academy Inc employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reid Traditional Schools Valley 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, Reid Traditional Schools Valley Academy Inc generated $6.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $6.0m during the year ending 06/2022. While expenses have increased by 1.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 1995, RTS VALLEY ACADEMY IS ONE OF ARIZONA'S FIRST CHARTER SCHOOLS. IT HAS BEEN NOMINATED AS A 2014 BLUE RIBBON SCHOOL, AN AWARD BESTOWED BY THE U.S. DEPARTMENT OF EDUCATION FOR CONTINUOUS ACADEMIC EXCELLENCE. PAST AWARDS INCLUDE THE ARIZONA CHARTER SCHOOLS ASSOCIATIONS' (ACSA) 2011 CHARTER SCHOOL OF THE YEAR; ACSA 2010 BUSINESS LEADERSHIP OF THE YEAR; ACSA 2008 CHARTER SCHOOL TEACHER OF THE YEAR. THE SCHOOL HAS CONSISTENTLY EARNED THE TOP POSSIBLE RATING FROM THE ARIZONA DEPARTMENT OF EDUCATION EVERY YEAR OF ITS EXISTENCE. THE MISSION OF REID TRADITIONAL SCHOOLS IS TO OFFER BACK-TO-BASICS, TRADITIONAL EDUCATION BY PROVIDING A CHALLENGING, SEQUENTIAL, TEACHER- DIRECTED, STANDARDS-BASED, TEXTBOOK-DRIVEN CURRICULUM SUPPORTED BY INDIVIDUAL ACCOUNTABILITY AND HIGH ACADEMIC AND BEHAVIORAL STANDARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RTS VALLEY ACADEMY IS ONE OF THE FIRST CHARTER SCHOOLS ESTABLISHED IN ARIZONA. THROUGH 25 YEARS, THE SCHOOL HAS CONSISTENTLY EARNED THE HIGHEST POSSIBLE RATING FROM THE STATE EACH AND EVERY YEAR. RTS VALLEY ACADEMY WAS NAMED A 2014 NATIONAL BLUE RIBBON SCHOOL, AN AWARD BESTOWED BY THE U.S. DEPARTMENT OF EDUCATION FOR CONTINUOUS ACADEMIC EXCELLENCE. RTS VALLEY ACADEMY IS ALSO THE ARIZONA 2011 CHARTER SCHOOL OF THE YEAR. THE ARIZONA CHARTER SCHOOLS ASSOCIATION ALSO BESTOWED AWARDS TO RTS VALLEY ACADEMY STAFF OF 2010 BUSINESS LEADERSHIP OF THE YEAR AND 2008 CHARTER SCHOOL TEACHER OF THE YEAR. WE ARE PROUD OF THE ACCOMPLISHMENTS BECAUSE THEY REPRESENT PUBLIC RECOGNITION OF OUR SUCCESS IN PREPARING CHILDREN FOR COLLEGE, CAREER, AND LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Mitchell CEO | Officer | $0 | |
Victoria Wilber Principal | Officer | 40 | $100,056 |
Parag Chokshi Treasurer | OfficerTrustee | 2 | $0 |
Yogin Patel President | OfficerTrustee | 2 | $0 |
Cuyler Reid Director | Trustee | 2 | $0 |
Letha Warner Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $536,727 |
| 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 | $6,464,085 |
| Statement of Expenses | |
|---|---|
| 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. | $100,056 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,720,282 |
| Pension plan accruals and contributions | $334,150 |
| Other employee benefits | $430,820 |
| Payroll taxes | $206,856 |
| Fees for services: Management | $154,754 |
| Fees for services: Legal | $110 |
| Fees for services: Accounting | $12,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $247,254 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $106,004 |
| Royalties | $0 |
| Occupancy | $1,053,727 |
| Travel | $10,945 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $101,267 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,541 |
| Insurance | $32,274 |
| All other expenses | $0 |
| Total functional expenses | $6,049,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,388,076 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $328,916 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $145,696 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,210,566 |
| Total assets | $20,990,076 |
| Accounts payable and accrued expenses | $448,429 |
| Grants payable | $0 |
| Deferred revenue | $44,260 |
| Tax-exempt bond liabilities | $1,989,971 |
| 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 | $14,795,043 |
| Total liabilities | $17,277,703 |
| Net assets without donor restrictions | $2,613,482 |
| Net assets with donor restrictions | $1,098,891 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,712,373 |