American Charter Schools Foundation
- Assets
- $87.9m
- Revenue
- $45.5m
- Investments
- $0.0
- Employees
- 1
- Location
- Phoenix, AZ
- Founding
- 05/1999
- Data as of
- 06/2022
- EIN
- 38-3463353
Organization Overview
American Charter Schools Foundation is located in Phoenix, AZ. The organization was established in 1999. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Charter Schools Foundation 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, American Charter Schools Foundation generated $45.5m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $41.9m during the year ending 06/2022. While expenses have increased by 7.0% per year over the past 3 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
IMPROVE THE PUBLIC SCHOOL SYSTEM BY CREATING A MORE COMPETITIVE ENVIRONMENT,PROVIDING PARENTS AND STUDENTS WITH THE FREEDOM OF CHOICE AND STRIVING FOR A HIGHER ACADEMIC STANDARD
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPHASIZE ACADEMIC COURSE WORK DESIGNED TO ADDRESS EACH STUDENT'S INDIVIDUAL NEEDS AND INVOLVEMENT IN A LEARNING ENVIRONMENT THAT ENCOURAGES RESPECT, RESPONSIBILITY, CHOICE, SERVICE AND HIGH EXPECTATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore Frederick President/executive Director | OfficerTrustee | 40 | $136,080 |
John Matthews Vice Chair | OfficerTrustee | 0 | $0 |
Gina Conflitti Board Chair | OfficerTrustee | 0 | $0 |
Benjamin Buchanan Director | Trustee | 0 | $0 |
Jesus DE La Cruz Director | Trustee | 0 | $0 |
Gary Bae - Nonvoting Secretary | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leona Arizona Employment Group Inc Contracted Services | 6/29/22 | $18,278,748 |
Leona Arizona Management Llc Management Services | 6/29/22 | $5,107,023 |
Nutrition One Llc Catering | 6/29/22 | $812,164 |
Az Aircompany Llc Air Conditioning Ser | 6/29/22 | $243,003 |
Arizona Furnishings Design Consultants | 6/29/22 | $220,515 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,450,599 |
| All other contributions, gifts, grants, and similar amounts not included above | $506,391 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,956,990 |
| Total Program Service Revenue | $0 |
| Investment income | $119,049 |
| 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 | $45,500,400 |
| 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. | $136,080 |
| Compensation of current officers, directors, key employees. | $136,080 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,648,554 |
| 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 | $4,392,206 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,354,939 |
| Insurance | $0 |
| All other expenses | $431,720 |
| Total functional expenses | $41,927,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,154,405 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,862,995 |
| 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 | $0 |
| Net Land, buildings, and equipment | $64,440,023 |
| Investments—publicly traded securities | $5,075,335 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,406,619 |
| Total assets | $87,939,377 |
| Accounts payable and accrued expenses | $4,495,825 |
| Grants payable | $0 |
| Deferred revenue | $290,134 |
| Tax-exempt bond liabilities | $74,398,324 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $290,652 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $79,474,935 |
| Net assets without donor restrictions | $8,464,442 |
| Net assets with donor restrictions | $0 |
| 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 | $87,939,377 |