Cafa Inc
- Assets
- $25.7m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 134
- Location
- Gilbert, AZ
- Founding
- 05/2005
- Data as of
- 06/2021
- EIN
- 01-0702652
Organization Overview
Cafa Inc is located in Gilbert, AZ. The organization was established in 2005. 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, Cafa Inc employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cafa 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 06/2021, Cafa Inc generated $11.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $10.9m during the year ending 06/2021. While expenses have increased by 0.9% 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
CAFA IS A PUBLIC SCHOOL UNDER CHARTER TO PROVIDE EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION UNDER THE CHARTER SCHOOL PROGRAM. A CHARTER SCHOOL IS A PUBLIC SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Taylor E President | OfficerTrustee | 40 | $50,000 |
Butcher T V.P. | OfficerTrustee | 40 | $89,000 |
Moncibaez A Director | Trustee | 5 | $33,000 |
Wright L Secretary | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,889,098 |
| 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 | $3,889,098 |
| Total Program Service Revenue | $7,117,940 |
| Investment income | $11 |
| 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 | $11,053,221 |
| 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. | $271,000 |
| Compensation of current officers, directors, key employees. | $149,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,338,069 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $413,634 |
| Payroll taxes | $352,594 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,164 |
| Fees for services: Accounting | $34,265 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,282 |
| Advertising and promotion | $43,803 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $450,927 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,038,012 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $612,028 |
| Insurance | $94,191 |
| All other expenses | $660,364 |
| Total functional expenses | $10,860,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,964,896 |
| Savings and temporary cash investments | $249,750 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $606,436 |
| 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 | $64,700 |
| Net Land, buildings, and equipment | $22,844,608 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,714 |
| Total assets | $25,744,104 |
| Accounts payable and accrued expenses | $369,074 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $26,727,360 |
| 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 | $740,482 |
| Other liabilities | $0 |
| Total liabilities | $27,836,916 |
| Net assets without donor restrictions | -$2,105,811 |
| Net assets with donor restrictions | $12,999 |
| 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 | $25,744,104 |
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|---|---|---|
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 |