Pensar Academy
- Assets
- $8.2m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 28
- Location
- Phoenix, AZ
- Founding
- 12/2015
- Data as of
- 06/2023
- EIN
- 47-3676800
Organization Overview
Pensar Academy is located in Phoenix, AZ. The organization was established in 2015. 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 06/2023, Pensar Academy employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pensar Academy 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 06/2023, Pensar Academy generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $3.2m during the year ending 06/2023. While expenses have increased by 17.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PENSAR'S MISSION IS TO DEVELOP MIDDLE SCHOOL STUDENTS WITH THE ESSENTIAL SKILLS TO BE AGENTS OF CHANGE IN A 21ST CENTURY GLOBAL SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL OUR STUDENTS WILL CRTICALLY NAVIGATE NEW CHALLENGES TO RESOLUTION COLLABORATE AND COMMUNICATE WITH PURPOSE AND PRODUCTION, AND REACH THIER FULL POTENTAIL IN POST-SECONDARY EDUCATION TO BECOME AGENTS OF CHANGE WITHIN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Zupetz Executive Diretor | OfficerTrustee | 45 | $115,293 |
Martin Zupetz Director | Trustee | 3 | $0 |
David Pearsall Director | Trustee | 3 | $0 |
Gerry Garcia Chief Operations Officer | Officer | 20 | $126,930 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Event Source Student Transportation | 6/29/23 | $155,250 |
Proper Eats Student Meals | 6/29/23 | $198,904 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,097,801 |
| All other contributions, gifts, grants, and similar amounts not included above | $208,487 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,306,288 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,500 |
| 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 | $3,346,199 |
| 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. | $119,749 |
| Compensation of current officers, directors, key employees. | $119,749 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,273,596 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $105,312 |
| Payroll taxes | $106,591 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,721 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,835 |
| Advertising and promotion | $55,176 |
| Office expenses | $271,569 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $213,926 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,613 |
| Interest | $355,370 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $180,204 |
| Insurance | $35,718 |
| All other expenses | $0 |
| Total functional expenses | $3,171,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,546,208 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $231,768 |
| 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 | $48,642 |
| Net Land, buildings, and equipment | $6,362,473 |
| Investments—publicly traded securities | $5,967 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,520 |
| Total assets | $8,206,578 |
| Accounts payable and accrued expenses | $96,773 |
| Grants payable | $0 |
| Deferred revenue | $106,295 |
| Tax-exempt bond liabilities | $6,655,683 |
| 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 | $0 |
| Total liabilities | $6,858,751 |
| Net assets without donor restrictions | $1,155,177 |
| Net assets with donor restrictions | $192,650 |
| 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 | $8,206,578 |