Calibre Academy Inc
- Assets
- $12.6m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 69
- Location
- Glendale, AZ
- Founding
- 10/2003
- Data as of
- 06/2022
- EIN
- 86-1003326
Organization Overview
Calibre Academy Inc is located in Glendale, AZ. The organization was established in 2003. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 06/2022, Calibre Academy Inc employed 69 individuals. This organization is the central organization for a national or regional group of organizations. Calibre Academy 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, Calibre Academy Inc generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $6.0m during the year ending 06/2022. While expenses have increased by 1.6% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL OPERATES A PUBLIC ELEMENTARY CHARTER SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Smith Secretary | OfficerTrustee | 40 | $0 |
Timothy Smith President | OfficerTrustee | 40 | $0 |
Juli Deddo Director | Trustee | 2 | $0 |
Kelly Hicks Director | Trustee | 2 | $0 |
Danell Stephenson Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Learning Matters Educational Group Management Serv | 6/29/20 | $363,760 |
Nutrion One Llc Food Service | 6/29/20 | $113,686 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,044,915 |
| 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 | $5,044,915 |
| Total Program Service Revenue | $252,436 |
| Investment income | $78 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $500,000 |
| 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 | $5,797,429 |
| 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 | $1,899,669 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $311,740 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $373,490 |
| Fees for services: Legal | $9,526 |
| Fees for services: Accounting | $41,781 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $317,235 |
| Advertising and promotion | $58,472 |
| Office expenses | $63,801 |
| Information technology | $89,565 |
| Royalties | $0 |
| Occupancy | $256,108 |
| Travel | $1,235 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,155 |
| Interest | $1,566,799 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $256,430 |
| Insurance | $68,461 |
| All other expenses | $87,041 |
| Total functional expenses | $5,955,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,631,937 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $943,281 |
| 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 | $12,222 |
| Net Land, buildings, and equipment | $9,967,606 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,555,046 |
| Accounts payable and accrued expenses | $135,815 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $12,851,116 |
| 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 | $2,263,681 |
| Total liabilities | $15,250,612 |
| Net assets without donor restrictions | -$3,437,713 |
| Net assets with donor restrictions | $742,147 |
| 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 | $12,555,046 |