Daisy Education Corporation
- Assets
- $44.2m
- Revenue
- $31.8m
- Investments
- $0.0
- Employees
- 167
- Location
- Gilbert, AZ
- Founding
- 09/2002
- Data as of
- 06/2022
- EIN
- 86-0990917
Organization Overview
Daisy Education Corporation is located in Gilbert, AZ. The organization was established in 2002. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Daisy Education Corporation employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daisy Education Corporation 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, Daisy Education Corporation generated $31.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $29.1m during the year ending 06/2022. While expenses have increased by 9.1% 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
TO FOSTER CRITICAL THINKING, ENGAGING ALL STUDENTS IN A RIGOROUS, STEM-FOCUSED, COLLEGE-PREP CURRICULUM, DELIVERED BY A DEDICATED EDUCATIONAL COMMUNITY THAT CELEBRATES DIVERSITY, WHERE STUDENTS ASPIRE TO BE TOMORROWS LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES EDUCATIONAL SERVICES TO STUDENTS IN GRADES KINDERGARTEN THROUGH TWELFTH GRADE THROUGH VARIOUS LOCATIONS THROUGHOUT PHOENIX AND TUCSON. THE ORGANIZATION PROVIDES STEM FOCUSED EDUCATION IN A COLLEGE-PROP ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Regnald Adams Director | Trustee | 3 | $0 |
Ms Lesly Baca Ruiz Director | Trustee | 3 | $0 |
Dr Ali Unver Director | Trustee | 3 | $0 |
Dr Abdullah Yilmaz Director | Trustee | 3 | $0 |
Fatih Karatas CEO | Officer | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sonoran Schools Leased Employee | 6/29/22 | $7,459,012 |
Sonoran Schools Mgmt Services | 6/29/22 | $2,606,781 |
Red Hook Capital Property Lease | 6/29/22 | $603,018 |
Curriculum Associates Teaching Materials | 6/29/22 | $106,085 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,609,720 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,845 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,672,565 |
| Total Program Service Revenue | $371,804 |
| 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 | $31,751,368 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,304,305 |
| Pension plan accruals and contributions | $476,092 |
| Other employee benefits | $938,451 |
| Payroll taxes | $553,695 |
| Fees for services: Management | $2,606,869 |
| Fees for services: Legal | $49,536 |
| Fees for services: Accounting | $39,999 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,977,947 |
| Advertising and promotion | $179,279 |
| Office expenses | $463,223 |
| Information technology | $612,900 |
| Royalties | $0 |
| Occupancy | $365,768 |
| Travel | $39,893 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $238,664 |
| Interest | $1,382,018 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,140,951 |
| Insurance | $232,304 |
| All other expenses | $584,350 |
| Total functional expenses | $29,128,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,053,444 |
| Savings and temporary cash investments | $2,252,459 |
| Pledges and grants receivable | $2,205,487 |
| Accounts receivable, net | $83,605 |
| 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 | $87,648 |
| Net Land, buildings, and equipment | $31,038,997 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $466,941 |
| Total assets | $44,188,581 |
| Accounts payable and accrued expenses | $1,327,465 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $24,919,800 |
| 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 | $769,619 |
| Other liabilities | $211,884 |
| Total liabilities | $27,228,768 |
| Net assets without donor restrictions | $15,839,371 |
| Net assets with donor restrictions | $1,120,442 |
| 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 | $44,188,581 |