Kestrel Schools Inc
- Assets
- $1.4m
- Revenue
- $419.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Tempe, AZ
- Founding
- 09/2000
- Data as of
- 06/2022
- EIN
- 86-0969887
Organization Overview
Kestrel Schools Inc is located in Tempe, AZ. The organization was established in 2000. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Kestrel Schools Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kestrel 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, Kestrel Schools Inc generated $419.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $174.3k during the year ending 06/2022. While expenses have increased by 0.8% per year over the past 5 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
EDUCATION - THE SCHOOL'S MISSION IS TO PROVIDE QUALITY EDUCATIONAL OPPORTUNITIES BY RECOGNIZING INDIVIDUAL STUDENT NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHARTER SCHOOL ENCOURAGES SELF-EMPOWERMENT BY TEACHING THE INTELLECTUAL AND SOCIAL SKILLS NECESSARY TO MEET THE CHALLENGES OF OUR SOCIETY. THE SCHOOL SERVED APPROXIMATELY 30 HIGH SCHOOL STUDENTS IN TEMPE, ARIZONA DURING THE 2021-2022 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Durand President/ex | OfficerTrustee | 15 | $34,000 |
Randall Babick Director | Trustee | 1 | $0 |
Tyler Mosley Director | Trustee | 1 | $0 |
William Nielsen Director | Trustee | 1 | $0 |
Gayle Samuels Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $418,247 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $418,247 |
| Total Program Service Revenue | $0 |
| Investment income | $96 |
| 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 | $419,011 |
| 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. | $34,000 |
| Compensation of current officers, directors, key employees. | $13,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,446 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $648 |
| Payroll taxes | $5,236 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,107 |
| Advertising and promotion | $344 |
| Office expenses | $16,425 |
| Information technology | $17,194 |
| Royalties | $0 |
| Occupancy | $17,536 |
| Travel | $170 |
| 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 | $0 |
| Insurance | $2,829 |
| All other expenses | $0 |
| Total functional expenses | $174,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,566 |
| Savings and temporary cash investments | $1,185,724 |
| Pledges and grants receivable | $51,666 |
| 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 | $3,183 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,363,139 |
| Accounts payable and accrued expenses | $15,285 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,285 |
| Net assets without donor restrictions | $1,347,854 |
| 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 | $1,363,139 |