Flagstaff Arts & Leadership Academy Inc
- Assets
- $3.2m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 90
- Location
- Flagstaff, AZ
- Founding
- 07/1998
- Data as of
- 06/2023
- 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 06/2023, Flagstaff Arts & Leadership Academy Inc employed 90 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 06/2023, Flagstaff Arts & Leadership Academy Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $3.7m during the year ending 06/2023. While expenses have increased by 4.1% 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 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 | OfficerTrustee | 40 | $77,980 |
Sanjam Ahluwalia Director | Trustee | 0.5 | $0 |
Andy Bessler Board Presid | OfficerTrustee | 0.5 | $0 |
James Burton Vice Preside | OfficerTrustee | 0.5 | $0 |
Issac Hayes Secretary | Trustee | 0.5 | $0 |
Elise Vincente Treasurer | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $365,708 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,407 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $439,115 |
| Total Program Service Revenue | $3,077,643 |
| 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 | $3,519,913 |
| 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. | $77,980 |
| Compensation of current officers, directors, key employees. | $11,244 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,001,580 |
| Pension plan accruals and contributions | $217,273 |
| Other employee benefits | $178,038 |
| Payroll taxes | $200,237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $72,178 |
| Fees for services: Accounting | $13,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,720 |
| Advertising and promotion | $6,162 |
| Office expenses | $0 |
| Information technology | $98,560 |
| 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 | $262,510 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,700 |
| Insurance | $51,619 |
| All other expenses | $51,353 |
| Total functional expenses | $3,682,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,197 |
| Savings and temporary cash investments | $417,150 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $193,375 |
| 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 | $2,371,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,172,927 |
| Accounts payable and accrued expenses | $468,322 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $4,120,424 |
| 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 | $4,588,746 |
| Net assets without donor restrictions | -$1,475,429 |
| Net assets with donor restrictions | $59,610 |
| 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 | $3,172,927 |