Greathearts Arizona

Organization Overview

Greathearts Arizona is located in Phoenix, AZ. The organization was established in 2005. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2021, Greathearts Arizona employed 2,252 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greathearts Arizona 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, Greathearts Arizona generated $30.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $29.8m during the year ending 06/2021. While expenses have increased by 2.4% 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.

Since 2015, Greathearts Arizona has awarded 33 individual grants totaling $8,694,836. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

GREAT HEARTS IS A NON-PROFIT NETWORK OF PUBLIC CHARTER SCHOOLS DEDICATED TO IMPROVING EDUCATION NATIONWIDE THROUGH CLASSICAL PREPARATORY K-12 ACADEMIES. A GREAT HEARTS EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS IN THE PURSUIT OF TRUTH, GOODNESS, AND BEAUTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GREAT HEARTS IS A NON-PROFIT NETWORK OF PUBLIC CHARTER SCHOOLS DEDICATED TO IMPROVING EDUCATION NATIONWIDE THROUGH CLASSICAL PREPARATORY K-12 ACADEMIES. A GREAT HEARTS EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS IN THE PURSUIT OF TRUTH, GOODNESS, AND BEAUTY.


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Board, Officers & Key Employees

Name (title)Compensation
Erik G Twist
President
$180,063
David Denton
Exec Dir (fo
$160,250
Genevieve Peterson
VP Developme
$137,000
Leanne Fawcett
Executive Di
$134,000
Brandon Crowe
Executive Di
$129,000
Melissa Penniman
Headmaster
$124,900

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Casas Bonitas - Az
Cleaning Srvcs
$1,289,661
Hector Rodriguez Dba H&r Roofing
Waste Mgmt Srvc
$979,738
Hertz Furniture Systems
Furniture
$1,243,857
Nations Group Llc
Construction
$594,221
Brady Industries
Janitorial Srvc
$862,923
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$552,971
Related organizations$33,333
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$557,007
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,143,311
Total Program Service Revenue$29,307,304
Investment income $46,898
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$42,113
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $30,935,961

Grants Awarded

Over the last fiscal year, Greathearts Arizona has awarded $600,000 in support to 2 organizations.

Grant RecipientAmount

MARYVALE PREPARATORY ACADEMY

Org PageRecipient Profile

Phoenix, AZ

PURPOSE: EDUCATION

$500,000

ARCHWAY CLASSICAL ACADEMYTRIVIUM EAST

Org PageRecipient Profile

Phoenix, AZ

PURPOSE: EDUCATION

$100,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Greathearts Arizona has recieved totaling $99,506.

Awarding OrganizationAmount
Helios Education Foundation

Phoenix, AZ

PURPOSE: See Part IV

$49,000
Organization Name not Listed

PURPOSE: CHARITABLE PURPOSE

|

$20,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$12,170
Arizona Community Foundation

Phoenix, AZ

PURPOSE: PROGRAM SUPPORT

$10,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$8,336
View Grant Recipient Profile

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