Flagstaff Arts & Leadership Academy Inc
- Assets
- $3.4m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 91
- Location
- Flagstaff, AZ
- Founding
- 07/1998
- Data as of
- 06/2021
- EIN
- 86-0826280
Organization Overview
Flagstaff Arts & Leadership Academy Inc is located in Flagstaff, AZ. The organization was established in 1998. 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 06/2021, Flagstaff Arts & Leadership Academy Inc employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flagstaff Arts & Leadership 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 06/2021, Flagstaff Arts & Leadership Academy Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $3.3m during the year ending 06/2021. While expenses have increased by 3.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A TRANSFORMATIVE EDUCATIONAL EXPERIENCE BY DEVELOPING LEADERSHIP AND CULTIVATING ACADEMIC EXCELLENCE IN THE ARTS, SCIENCES AND THE HUMANITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A TRANSFORMATIVE EDUCATIONAL EXPERIENCE BY DEVELOPING LEADERSHIP AND CULTIVATING ACADEMIC EXCELLENCE IN THE ARTS, SCIENCES AND THE HUMANITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eli Cohen Executive Di | Officer | 40 | $75,000 |
Kim Khatibi Dir Of Speci | Officer | 40 | $69,815 |
Alex Cohen Gray Dir Of Stude | Officer | 40 | $60,000 |
James Yih President | OfficerTrustee | 2 | $0 |
Ron Borkan Director | Trustee | 2 | $0 |
Debra Edgerton Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $343,118 |
| All other contributions, gifts, grants, and similar amounts not included above | $295,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $638,868 |
| Total Program Service Revenue | $2,537,150 |
| 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 | $3,203,218 |
| 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. | $204,815 |
| Compensation of current officers, directors, key employees. | $28,674 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,713,626 |
| Pension plan accruals and contributions | $207,903 |
| Other employee benefits | $130,464 |
| Payroll taxes | $151,202 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,318 |
| Fees for services: Accounting | $12,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,907 |
| Advertising and promotion | $7,235 |
| Office expenses | $0 |
| Information technology | $60,479 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $316,306 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,441 |
| Insurance | $37,733 |
| All other expenses | $20,272 |
| Total functional expenses | $3,273,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333,096 |
| Savings and temporary cash investments | $417,150 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $114,180 |
| 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 | $21,605 |
| Net Land, buildings, and equipment | $2,511,815 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,397,846 |
| Accounts payable and accrued expenses | $312,202 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $4,428,850 |
| 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 | $4,741,052 |
| Net assets without donor restrictions | -$1,404,704 |
| Net assets with donor restrictions | $61,498 |
| 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 | $3,397,846 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Flagstaff Arts & Leadership Academy Inc has recieved totaling $5,292.
| Awarding Organization | Amount |
|---|---|
Leo And Rhea Fay Fruhman Foundation Richardson, TX PURPOSE: EDUCATION | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $292 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |
San Diego Jewish Academy San Diego, CA | $60,657,178 | $18,702,706 |
Curtis School Foundation Los Angeles, CA | $75,927,733 | $19,348,920 |
Excel Academy Charter Schools San Marcos, CA | $11,403,735 | $18,058,297 |
Le Lycee Francais De Los Angeles Los Angeles, CA | $97,517,378 | $23,043,510 |
Willows Community School Culver City, CA | $69,044,375 | $19,353,304 |
Association Of Christian Schools International Colorado Springs, CO | $18,742,731 | $17,834,465 |
Hawking Steam Charter Schools Inc Chula Vista, CA | $87,803,315 | $18,115,527 |
Stem Preparatory Schools Inc Los Angeles, CA | $15,250,781 | $22,306,511 |
San Jacinto Valley Academy Inc San Jacinto, CA | $34,100,540 | $18,923,540 |
Educational Enrichment Systems Inc San Diego, CA | $11,058,337 | $15,963,702 |
Drew School San Francisco, CA | $38,712,933 | $16,113,133 |