Academy Of Math & Science Inc
- Assets
- $35.8m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 241
- Location
- Tucson, AZ
- Founding
- 07/2003
- Data as of
- 06/2021
- EIN
- 04-3651539
Organization Overview
Academy Of Math & Science Inc is located in Tucson, AZ. The organization was established in 2003. 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, Academy Of Math & Science Inc employed 241 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of Math & Science 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, Academy Of Math & Science Inc generated $18.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $16.5m during the year ending 06/2021. While expenses have increased by 14.1% 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
WE WILL MOTIVATE AND INSPIRE STUDENTS FOR ACADEMIC, CAREER, AND LIFE SUCCESS THROUGH PROVIDING AN ADVANCED, WELL-ROUNDED, COLLEGE PREPARATORY EDUCATION INTERLACED WITH HABITS OF MIND, CHARACTER BUILDING, AND 21ST CENTURY SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR SCHOOLS ARE DESIGNED TO SET SCHOLARS ON THE PATH TO LIFELONG SUCCESS, STARTING BY PREPARING THEM FOR COMPETITIVE HIGH SCHOOLS AND COLLEGES. EACH SCHOLARS SUCCESS DEPENDS ON US AND WE ARE CONFIDENT THAT WE CAN REACH ALL CHILDREN WHO ARE WILLING TO PUT IN THE EFFORT TO ACQUIRE THE KNOWLEDGE AND SKILLS NECESSARY TO SUCCEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olga Boytsova Secretary | OfficerTrustee | 5 | $0 |
Tatyana Chayka Director And | OfficerTrustee | 15 | $0 |
Nicolas Cuevas President | OfficerTrustee | 5 | $0 |
Steven Hykes CFO | Officer | 15 | $0 |
Jacqulyne Hardiesty Principal | Officer | $0 | |
Sandra Lomeland Principal | Officer | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthy Innovations Llc | 6/29/21 | $117,835 |
L&m Food Management | 6/29/21 | $373,775 |
Ams Impact Group | 6/29/21 | $1,739,905 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,366,183 |
| All other contributions, gifts, grants, and similar amounts not included above | $119,059 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,485,242 |
| Total Program Service Revenue | $13,090,977 |
| 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 | $18,613,878 |
| 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. | $216,744 |
| Compensation of current officers, directors, key employees. | $42,557 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,478,040 |
| Pension plan accruals and contributions | $103,767 |
| Other employee benefits | $747,651 |
| Payroll taxes | $475,183 |
| Fees for services: Management | $2,737,141 |
| Fees for services: Legal | $17,934 |
| Fees for services: Accounting | $19,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $355,828 |
| Advertising and promotion | $395,543 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $722,228 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,376,104 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,184,149 |
| Insurance | $105,673 |
| All other expenses | $68,631 |
| Total functional expenses | $16,528,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,601,136 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,137,391 |
| 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 | $216,052 |
| Net Land, buildings, and equipment | $19,255,603 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,567,017 |
| Total assets | $35,777,199 |
| Accounts payable and accrued expenses | $939,335 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $20,658,012 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,501,640 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,384,477 |
| Total liabilities | $28,483,464 |
| Net assets without donor restrictions | $6,849,964 |
| Net assets with donor restrictions | $443,771 |
| 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 | $35,777,199 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Academy Of Math & Science Inc has recieved totaling $69.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $69 |
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 |