Twenty First Century Charter Schools Inc
- Assets
- $2.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 34
- Location
- Phoenix, AZ
- Founding
- 08/1995
- Data as of
- 06/2022
- EIN
- 86-0791670
Organization Overview
Twenty First Century Charter Schools Inc, operating under the name Bennett Academy & Bennett Academy-, is located in Phoenix, AZ. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Bennett Academy & Bennett Academy- employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bennett Academy & Bennett Academy- 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, Bennett Academy & Bennett Academy- generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. 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
CHARTER SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PREPARE STUDENTS FOR ADVANCED CLASSES AND FOR CITIZENSHIP RESPONSIBILITIES. WE HOLD HIGH STANDARDS FOR BEHAVIOR, APPEARANCE AND TREATMENT OF OTHERS. OUR CURRICULUM IS BASED ON THE CORE KNOWLEDGE SEQUENCE AND THE ARIZONA STATE STANDARDS. HIGH EXPECTATIONS ARE PLACED ON STUDENTS AND STAFF. BENNETT STUDENTS LEARN HOW TO LEARN. AS WELL, THE STAFF IS COMPRISED OF ADULTS WHO PLACE HIGH PRIORITY ON THEIR OWN ON-GOING EDUCATION. WE ARE A 'GOOD SCHOOL FOR GOOD KIDS'.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Leija Board Member | Trustee | 45 | $45,764 |
Fred Bennett Executive Di | OfficerTrustee | 50 | $30,625 |
Nancy Bennett Director Of | OfficerTrustee | 50 | $30,625 |
Terrl Fender Board Member | Trustee | 5 | $0 |
Dian Benitic Board Member | Trustee | 5 | $0 |
Eric Miller Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,897,806 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,901,156 |
| Total Program Service Revenue | $3,479 |
| Investment income | $347 |
| 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 | $1,904,982 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $980,887 |
| Pension plan accruals and contributions | $12,850 |
| Other employee benefits | $61,422 |
| Payroll taxes | $32,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $100,081 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $136,390 |
| Advertising and promotion | $755 |
| Office expenses | $102,954 |
| Information technology | $49,115 |
| Royalties | $0 |
| Occupancy | $394,298 |
| Travel | $6,676 |
| 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 | $30,091 |
| Insurance | $32,623 |
| All other expenses | $0 |
| Total functional expenses | $2,000,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $855,147 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $264,364 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,279,589 |
| Other assets | $0 |
| Total assets | $2,399,100 |
| Accounts payable and accrued expenses | $50,881 |
| 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 | $122,500 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,285,102 |
| Total liabilities | $1,458,483 |
| Net assets without donor restrictions | $940,617 |
| Net assets with donor restrictions | $0 |
| 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 | $2,399,100 |
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