Cambridge Academy-East Inc
- Assets
- $3.3m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 67
- Location
- Mesa, AZ
- Founding
- 10/2002
- Data as of
- 06/2023
- EIN
- 86-1033237
Organization Overview
Cambridge Academy-East Inc is located in Mesa, 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 06/2023, Cambridge Academy-East Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cambridge Academy-East 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 06/2023, Cambridge Academy-East Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $2.9m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENSURE THAT ALL STUDENTS LEARN TO USE THEIR FULL POTENTIAL AND BECOME CONTRIBUTING CITIZENS IN A RAPIDLY CHANGING WORLD BY PROVIDING A QUALITY, STANDARDS BASED EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES EDUCATIONAL SERVICES K-8, FUNDED PRIMARILY BY STATE OF ARIZONA EQUALIZATION.THE SCHOOL SERVED APPROXIMATELY 350 STUDENTS DURING FISCAL 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chamberlain L Secretary | OfficerTrustee | 2 | $0 |
Gonzalez L Director | Trustee | 40 | $23,292 |
Monarrez A Pres | OfficerTrustee | 40 | $85,463 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $565,529 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,860 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $576,389 |
| Total Program Service Revenue | $1,922,809 |
| Investment income | $36,819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,787,985 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,352,131 |
| 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. | $108,755 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,187,032 |
| Pension plan accruals and contributions | $10,058 |
| Other employee benefits | $89,122 |
| Payroll taxes | $86,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $81,048 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $53,585 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $388,338 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $189,861 |
| Insurance | $37,909 |
| All other expenses | $90,199 |
| Total functional expenses | $2,859,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $982,651 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $17,004 |
| 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 | $35,313 |
| Net Land, buildings, and equipment | $2,026,612 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $206,667 |
| Total assets | $3,268,247 |
| Accounts payable and accrued expenses | $129,173 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,073,973 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $40,297 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,243,443 |
| Net assets without donor restrictions | $998,251 |
| Net assets with donor restrictions | $26,553 |
| 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 | $3,268,247 |