Self Development Academy-Phoenix Inc
- Assets
- $6.4m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 102
- Location
- Mesa, AZ
- Founding
- 11/2015
- Data as of
- 06/2022
- EIN
- 46-4108935
Organization Overview
Self Development Academy-Phoenix Inc is located in Mesa, AZ. The organization was established in 2015. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Self Development Academy-Phoenix Inc employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Self Development Academy-Phoenix 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 06/2022, Self Development Academy-Phoenix Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 9.2% per year over the past 7 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
OPERATING AN ARIZONA PUBLIC CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL IS A COLLEGE PREPARATORY CHARTER SCHOOL SERVING GRADES KINDERGARTEN THROUGH EIGHTH. THE SCHOOL CONDUCTS STANDARDS BASED INSTRUCTION FOR ENROLLED STUDENTS WITH A FOCUS ON DEVELOPING EVERY STUDENT'S CHARACTER AND KNOWLEDGE THROUGH THE TIME-TESTED PEDAGOGICAL METHODS.
EMPLOYED AND LEASED QUALIFIED EMPLOYEES TO AFFILIATED CHARTER SCHOOLS BEGINNING JANUARY 1, 2019.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anjum Majeed Superintende | Officer | 20 | $98,232 |
Asif Majeed President | OfficerTrustee | 20 | $83,866 |
Vernetta Madsen Vp/secretary | OfficerTrustee | 5 | $32,658 |
Rachel Hunt Member | Trustee | 1 | $0 |
Patricia Jimenez Member | Trustee | 1 | $0 |
Alysha Teed Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arizona School Meals Student Meal Services | 6/29/20 | $138,781 |
Royal Student Transportation Services Llc Student Transportation Services | 6/29/20 | $208,796 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,616,665 |
| All other contributions, gifts, grants, and similar amounts not included above | $157,559 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,774,224 |
| Total Program Service Revenue | $72,553 |
| Investment income | $44 |
| 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 | $3,848,431 |
| 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. | $214,756 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,141,368 |
| Pension plan accruals and contributions | $54,302 |
| Other employee benefits | $86,975 |
| Payroll taxes | $94,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,634 |
| Fees for services: Accounting | $49,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $503,348 |
| Advertising and promotion | $47,594 |
| Office expenses | $217,929 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $194,819 |
| Travel | $2,568 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $187,489 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $175,410 |
| Insurance | $14,163 |
| All other expenses | $220,344 |
| Total functional expenses | $3,208,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,106,689 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $165,369 |
| 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 | $14,000 |
| Net Land, buildings, and equipment | $4,155,019 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,441,077 |
| Accounts payable and accrued expenses | $68,557 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $31,991 |
| Secured mortgages and notes payable | $4,865,952 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,618 |
| Total liabilities | $4,981,118 |
| Net assets without donor restrictions | $1,378,142 |
| Net assets with donor restrictions | $81,817 |
| 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 | $6,441,077 |