Basis Charter Schools Inc is located in Scottsdale, AZ. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Basis Charter Schools 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, Basis Charter Schools Inc generated $158.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $151.6m during the year ending 06/2022. While expenses have increased by 9.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF BASIS CHARTER SCHOOLS IS TO EMPOWER STUDENTS TO ACHIEVE AT GLOBALLY COMPETITIVE LEVELS WITH A TRANSFORMATIVE K-12 ACADEMIC PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Craig Barrett Chairman | OfficerTrustee | 3 | $0 |
Don Budinger Secretary | OfficerTrustee | 2 | $0 |
Shelly M Esque Director/tre | OfficerTrustee | 2 | $0 |
Terry Sarvas Director | Trustee | 2 | $0 |
Mittida Raksanaves Director | Trustee | 2 | $0 |
Victoria Rico Director | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Basis Educational Group Mgmt & Devlpmnt | 6/29/22 | $16,498,223 |
Basis Educational Group Leased Employee | 6/29/22 | $92,374,453 |
Mariposa Speech Services Llc Contractor | 6/29/22 | $900,451 |
Proethic Building Services Janitorial Serv | 6/29/22 | $652,185 |
V Rou Janitorial Cleaning Services Janitorial Serv | 6/29/22 | $267,129 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $7,906,415 |
All other contributions, gifts, grants, and similar amounts not included above | $6,871,668 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $14,778,083 |
Total Program Service Revenue | $141,653,653 |
Investment income | $1,115,787 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $593,451 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $158,140,974 |
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. | $130,313 |
Compensation of current officers, directors, key employees. | $130,313 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $75,082,465 |
Pension plan accruals and contributions | $2,980,191 |
Other employee benefits | $8,110,571 |
Payroll taxes | $5,665,933 |
Fees for services: Management | $16,498,223 |
Fees for services: Legal | $56,672 |
Fees for services: Accounting | $81,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,681,403 |
Advertising and promotion | $391,925 |
Office expenses | $437,243 |
Information technology | $833,894 |
Royalties | $0 |
Occupancy | $5,833,000 |
Travel | $2,500 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $16,920,912 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $7,468,279 |
Insurance | $1,187,554 |
All other expenses | $0 |
Total functional expenses | $151,574,712 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $38,844,567 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $7,045,996 |
Accounts receivable, net | $1,025,436 |
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 | $1,492,394 |
Net Land, buildings, and equipment | $226,240,597 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $40,908,734 |
Total assets | $315,557,724 |
Accounts payable and accrued expenses | $18,905,283 |
Grants payable | $0 |
Deferred revenue | $406,705 |
Tax-exempt bond liabilities | $330,637,355 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $1,675,250 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $13,218,181 |
Total liabilities | $364,842,774 |
Net assets without donor restrictions | -$55,703,852 |
Net assets with donor restrictions | $6,418,802 |
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 | $315,557,724 |