Heritage Academy Gateway Inc
- Assets
- $17.9m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 98
- Location
- Mesa, AZ
- Founding
- 08/2016
- Data as of
- 06/2021
- EIN
- 46-4461406
Organization Overview
Heritage Academy Gateway Inc is located in Mesa, AZ. The organization was established in 2016. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Heritage Academy Gateway Inc employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Academy Gateway 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, Heritage Academy Gateway Inc generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 40.8% each year . All expenses for the organization totaled $5.9m during the year ending 06/2021. While expenses have increased by 42.8% per year over the past 5 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
PROVIDE STUDENTS WITH A CLEAN, MORAL, POSITIVE ATMOSPHERE. ENCOURAGE STUDENTS TO MASTER THE PRIMARY AND SECONDARY SKILLS IN THE FIELDS OF HISTORY, MATH, WRITING, LITERATURE, GRAMMAR, READING, AND SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HERITAGE ACADEMY QUEEN CREEK INC. OPERATES AS A CHARTER SCHOOL FOR GRADES 7-12 IN QUEEN CREEK, ARIZONA. THE SCHOOL HAD APPROXIMATELY 699 STUDENTS ENTROLLED DURING THE 2020-2021 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Lopez Director - Principal | Trustee | 40 | $103,576 |
Beth Cowles Director | Trustee | 40 | $91,422 |
Amanda Smith Director | Trustee | 40 | $88,880 |
Jared Taylor President & CEO | OfficerTrustee | 12 | $0 |
Eric Vogelsberg Chief Financial Officer | Officer | 12 | $0 |
Stephanie Leavitt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $611,079 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,708 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $623,787 |
| Total Program Service Revenue | $5,606,373 |
| Investment income | $22,773 |
| Tax Exempt Bond Proceeds | -$47,970 |
| 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 | $6,204,963 |
| 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. | $283,878 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,924,414 |
| Pension plan accruals and contributions | $344,000 |
| Other employee benefits | $65,835 |
| Payroll taxes | $220,559 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,516 |
| 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 | $442,652 |
| Advertising and promotion | $0 |
| Office expenses | $15,945 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,864 |
| Travel | $60,135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $150 |
| Interest | $882,594 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $335,104 |
| Insurance | $64,182 |
| All other expenses | $230,824 |
| Total functional expenses | $5,888,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $775,585 |
| Savings and temporary cash investments | $1,011,178 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,042 |
| 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 | $81,042 |
| Net Land, buildings, and equipment | $14,005,114 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,980,286 |
| Total assets | $17,856,247 |
| Accounts payable and accrued expenses | $1,000,457 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $15,708,905 |
| 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 | $0 |
| Other liabilities | $644,005 |
| Total liabilities | $17,353,367 |
| Net assets without donor restrictions | $502,880 |
| 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 | $17,856,247 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |
San Diego Jewish Academy San Diego, CA | $60,657,178 | $18,702,706 |
Curtis School Foundation Los Angeles, CA | $75,927,733 | $19,348,920 |
Excel Academy Charter Schools San Marcos, CA | $11,403,735 | $18,058,297 |
Le Lycee Francais De Los Angeles Los Angeles, CA | $97,517,378 | $23,043,510 |
Willows Community School Culver City, CA | $69,044,375 | $19,353,304 |
Association Of Christian Schools International Colorado Springs, CO | $18,742,731 | $17,834,465 |
Hawking Steam Charter Schools Inc Chula Vista, CA | $87,803,315 | $18,115,527 |
Stem Preparatory Schools Inc Los Angeles, CA | $15,250,781 | $22,306,511 |
San Jacinto Valley Academy Inc San Jacinto, CA | $34,100,540 | $18,923,540 |
Educational Enrichment Systems Inc San Diego, CA | $11,058,337 | $15,963,702 |
Drew School San Francisco, CA | $38,712,933 | $16,113,133 |