Daisy Education Corporation
- Assets
- $46.3m
- Revenue
- $27.5m
- Investments
- $0.0
- Employees
- 167
- Location
- Gilbert, AZ
- Founding
- 09/2002
- Data as of
- 06/2021
- 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 06/2021, 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 06/2021, Daisy Education Corporation generated $27.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $23.9m during the year ending 06/2021. While expenses have increased by 7.1% 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
2021
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-PREP ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fatih Karatas CEO | Officer | 3 | $0 |
Dr Abdullah Yilmaz Director | Trustee | 3 | $0 |
Dr Ali Unver Director | Trustee | 3 | $0 |
Ms Lesly Baca Ruiz Director | Trustee | 3 | $0 |
Mr Regnald Adams Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sonoran Schools Leased Employee | 6/29/21 | $6,058,871 |
Sonoran Schools Mgmt Svcs | 6/29/21 | $2,280,765 |
Red Hook Capital Property Lease | 6/29/21 | $593,984 |
Bleuwave General Contracting Construction | 6/29/21 | $529,640 |
A&j Landscaping & Irrig Llc Landscaping | 6/29/21 | $193,836 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,139,142 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,572 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,197,714 |
| Total Program Service Revenue | $304,329 |
| 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 | $27,502,043 |
| 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 | $5,822,826 |
| Pension plan accruals and contributions | $253,137 |
| Other employee benefits | $692,034 |
| Payroll taxes | $437,289 |
| Fees for services: Management | $2,288,501 |
| Fees for services: Legal | $25,601 |
| Fees for services: Accounting | $82,087 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,132,681 |
| Advertising and promotion | $104,577 |
| Office expenses | $1,545,107 |
| Information technology | $61,632 |
| Royalties | $0 |
| Occupancy | $2,590,035 |
| Travel | $17,195 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $151,964 |
| Interest | $1,438,632 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,124,607 |
| Insurance | $78,231 |
| All other expenses | $80,893 |
| Total functional expenses | $23,927,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,954,641 |
| Savings and temporary cash investments | $2,416,462 |
| Pledges and grants receivable | $2,383,506 |
| Accounts receivable, net | $1,652 |
| 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 | $173,247 |
| Net Land, buildings, and equipment | $33,533,019 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $832,709 |
| Total assets | $46,295,236 |
| Accounts payable and accrued expenses | $1,457,648 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $28,934,092 |
| 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 | $1,317,032 |
| Other liabilities | $249,848 |
| Total liabilities | $31,958,620 |
| Net assets without donor restrictions | $14,336,616 |
| 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 | $46,295,236 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Daisy Education Corporation has recieved totaling $161.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $161 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Utah Charter Academies Draper, UT | $87,193,817 | $47,458,045 |
Lifelong Learning Administration Corporation Lancaster, CA | $25,266,460 | $53,959,766 |
Wonderful College Prep Academy Delano, CA | $24,794,533 | $50,280,007 |
California Virtual Academies At Los Angeles Simi Valley, CA | $29,684,011 | $46,331,896 |
Cabrillo Point Academy Poway, CA | $23,203,988 | $48,389,829 |
Strive Preparatory Schools Denver, CO | $16,366,153 | $54,741,372 |
Vaughn Next Century Learning Center San Fernando, CA | $201,824,802 | $53,063,832 |
Pacific Coast Academy Poway, CA | $20,772,611 | $44,078,486 |
Birmingham Community Charter High School Van Nuys, CA | $42,319,173 | $47,098,171 |
Education For Change Oakland, CA | $46,722,136 | $44,379,557 |
Mojave River Academy Schools Oro Grande, CA | $19,432,116 | $42,903,299 |
Kipp Colorado Schools Denver, CO | $14,636,055 | $38,026,869 |