Paragon Management
- Assets
- $64.9m
- Revenue
- $28.7m
- Investments
- $0.0
- Employees
- 390
- Location
- Surprise, AZ
- Founding
- 01/2000
- Data as of
- 06/2022
- EIN
- 86-0911513
Organization Overview
Paragon Management, operating under the name Paradise Schools, is located in Surprise, AZ. The organization was established in 2000. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Paradise Schools employed 390 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paradise Schools 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, Paradise Schools generated $28.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $28.1m during the year ending 06/2022. While expenses have increased by 10.1% per year over the past 7 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
PROVIDE EXCELLENT FREE PUBLIC EDUCATION AND GUIDANCE TO STUDENTS IN GRADES K-12 IN A SAFE ENVIRONMENT THAT ENABLES STUDENTS TO BE SUCCESSFUL, CARING, AND KNOWLEDGEABLE MEMBERS OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
K-12 PUBLIC EDUCATION: THE ORGANIZATION IS AN ARIZONA PUBLIC CHARTER SCHOOL. ITS PRIMARY OBJECTIVE IS TO PROVIDE EXCELLENT FREE PUBLIC EDUCATION AND GUIDANCE TO STUDENTS IN GRADES K-12 IN A SAFE ENVIRONMENT THAT ENABLES STUDENTS TO BE SUCCESSFUL, CARING, AND KNOWLEDGEABLE MEMBERS OF OUR COMMUNITY. A PRIMARY GOAL OF THE SCHOOL HAS BEEN TO EARN AND MAINTAIN HIGH MARKS IN ARIZONA'S SYSTEM OF RATING SCHOOLS BASED ON STUDENT ACHIEVEMENT. THE ARIZONA DEPARTMENT OF EDUCATION GAVE 'A' RATINGS TO BOTH CAMPUSES (ELEMENTARY AND HIGH SCHOOL) FOR SCHOOL YEARS 2016-17 AND 2017-18 AND TO THE HIGH SCHOOL IN 2018-19. U.S. NEWS AND WORLD REPORT RECOGNIZED THE HIGH SCHOOL AS BEING ONE OF AMERICA'S BEST IN MULTIPLE YEARS, THE MOST RECENT IN 2019. SCORES ON THE AZMERIT TEST EXCEEDED RESULTS FOR THE STATE AND NEIGHBORING SCHOOLS FOR BOTH CAMPUSES IN THE YEARS ENDING IN 2016, 2017 AND 2018 AND FOR ALL BUT 6TH AND 8TH GRADE FOR 2019. THERE WAS NO STATE-WIDE TESTING IN 2020 DUE TO THE PANDEMIC. SCORES ON THE AZM2 TEST FOR 2021 EXCEEDED RESULTS FOR THE STATE EXCEPT FOR MATH IN 8TH AND 10TH GRADE WHICH WERE SLIGHTLY BELOW THE STATE AVERAGE SCORES. FOR THE 2021-22 SCHOOL YEAR, THE PARADISE SCHOOLS DISTRICT RECEIVED AN "A" RATING BY THE ARIZONA DEPARTMENT OF EDUCATION. IN ADDITON, PARADISE SCHOOLS AZM2 TEST RESULTS IN 2022 EXCEEDED RESULTS FOR THE STATE OF ARIZONA IN ALL CATEGORIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Salcedo Board Member | OfficerTrustee | 1 | $0 |
Richard Marstella Board Member | OfficerTrustee | 1 | $0 |
Erick DE Werth Board Member | OfficerTrustee | 1 | $0 |
Mike Gent Board Member | OfficerTrustee | 1 | $0 |
Laura Keith Board Member | OfficerTrustee | 1 | $0 |
Patrick Schrader Executive Director | Officer | 40 | $109,051 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Student Meals | 6/29/22 | $989,903 |
Low Mountain Constr Inc Building Contractor | 6/29/22 | $322,756 |
City Wide Facility Solutions Janitorial Services | 6/29/22 | $219,611 |
Eleutheria Llc Special Education | 6/29/22 | $294,850 |
Turf Equipment Source Field Maintenance | 6/29/22 | $137,558 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,232,270 |
| All other contributions, gifts, grants, and similar amounts not included above | $311,344 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,543,614 |
| Total Program Service Revenue | $908,694 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $1 |
| 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 | $28,676,995 |
| 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. | $205,240 |
| Compensation of current officers, directors, key employees. | $205,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,000,476 |
| Pension plan accruals and contributions | $1,508,460 |
| Other employee benefits | $2,101,801 |
| Payroll taxes | $981,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $988,063 |
| Advertising and promotion | $0 |
| Office expenses | $1,698,382 |
| Information technology | $83,354 |
| Royalties | $0 |
| Occupancy | $1,360,790 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,538,383 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,662,897 |
| Insurance | $0 |
| All other expenses | $516,197 |
| Total functional expenses | $28,084,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,103,129 |
| Savings and temporary cash investments | $10,019 |
| Pledges and grants receivable | $448,559 |
| Accounts receivable, net | $12,672 |
| 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 | $51,495,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,834,455 |
| Total assets | $64,904,410 |
| Accounts payable and accrued expenses | $2,222,842 |
| Grants payable | $0 |
| Deferred revenue | $17,070 |
| Tax-exempt bond liabilities | $57,950,204 |
| 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 | $120,071 |
| Total liabilities | $60,310,187 |
| Net assets without donor restrictions | $3,170,350 |
| Net assets with donor restrictions | $1,423,873 |
| 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 | $64,904,410 |