Ridgeline Academy Inc
- Assets
- $11.6m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 88
- Location
- Cave Creek, AZ
- Founding
- 07/1992
- Data as of
- 06/2021
- EIN
- 86-0698441
Organization Overview
Ridgeline Academy Inc is located in Cave Creek, AZ. The organization was established in 1992. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2021, Ridgeline Academy Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridgeline Academy 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, Ridgeline Academy Inc generated $8.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $6.5m during the year ending 06/2021. While expenses have increased by 8.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RIDGELINE ACADEMY EXISTS TO FOSTER CRITICAL THINKING AMONG STUDENTS, PROMOTE ACADEMIC EXCELLENCE AND INSTILL A CULTURE OF LIFE-LONG LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIDGELINE ACADEMY PROVIDES FAMILIES WITH A COMMUNITY SCHOOL CULTURE AND SMALL CLASS SIZES WITH AN ENRICHED CORE KNOWLEDGE CURRICULUM AND HIGH ACADEMIC EXPECTATIONS IN A RESPECT-BASED LEARNING ENVIRONMENT SUPPORTED BY CHARACTER-BASED EDUCATION. OUR VALUES ARE GROUNDED IN THE BELIEF THAT STUDENTS ARE LITERATE IN ALL SUBJECTS; ARE INDEPENDENT AND CRITICAL THINKERS; AND ARE LIFE-LONG LEARNERS AND ACHIEVERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keven Barker Executive Di | Officer | 40 | $158,250 |
Jason Klonoski Treasurer | OfficerTrustee | 1 | $0 |
Brandon Yancey President | OfficerTrustee | 3 | $0 |
Kristine Burnett Secretary | OfficerTrustee | 2 | $0 |
John Mazza Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $581,681 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,704 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $609,385 |
| Total Program Service Revenue | $7,383,051 |
| Investment income | $0 |
| 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 | $8,019,386 |
| 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. | $167,696 |
| Compensation of current officers, directors, key employees. | $10,220 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,422,190 |
| Pension plan accruals and contributions | $81,685 |
| Other employee benefits | $137,913 |
| Payroll taxes | $276,621 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,222 |
| Fees for services: Accounting | $54,867 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $227,531 |
| Advertising and promotion | $25,270 |
| Office expenses | $0 |
| Information technology | $38,253 |
| Royalties | $0 |
| Occupancy | $226,516 |
| Travel | $13,579 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $246,187 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $278,990 |
| Insurance | $42,937 |
| All other expenses | $150,013 |
| Total functional expenses | $6,478,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,416,819 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $353,070 |
| Accounts receivable, net | $13,635 |
| 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 | $14,488 |
| Net Land, buildings, and equipment | $7,620,092 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $229,100 |
| Total assets | $11,647,204 |
| Accounts payable and accrued expenses | $306,766 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $6,333,278 |
| 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 | $16,248 |
| Total liabilities | $6,656,292 |
| Net assets without donor restrictions | $4,740,271 |
| Net assets with donor restrictions | $250,641 |
| 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 | $11,647,204 |
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