Kaleidoscope School FY2021 filing

Tax-deductible

Phoenix, AZ501(c)(3)Since 2004EducationEIN 20-1431933

The Schools mission is to produce highly motivated students who will develop a pasion for life-long learning through the use of hands-on instruction, as an interdisciplinary, accelerated school that utilizes a proven, succesful curriculum to promote academics for every student it serves.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$81K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $15K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$81K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7.9M
105% of total assets
Concern: liabilities are 105% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
+427% vs prior year
Spent
$2.2M
To programs
95%
Net assets
−$342K
By yearFY2020–FY2024
Revenue
$1.9M
FY2021▲ +427%
Revenue by fiscal year
FY2020$365K
FY2021$1.9M
FY2022$3.3M
FY2023$3.7M
FY2024$3.6M
FY2024$3.6M
Expenses
$2.2M
FY2021▲ +436%
Expenses by fiscal year
FY2020$408K
FY2021$2.2M
FY2022$3.1M
FY2023$3.6M
FY2024$3.6M
FY2024$3.6M
Net assets
−$342K
FY2021▼ -362%
Net assets by fiscal year
FY2020−$74K
FY2021−$342K
FY2022−$73K
FY2023$510K
FY2024$529K
FY2024−$92K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $2.1M Management & general 5% · $104K Fundraising 0% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

9 people listed on the 990; $81K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$37,465Pt VII · Sec A
Director
$27,360Pt VII · Sec A
Director
$15,824Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kathleen Wingo’s $105K as Director/Principal is at the 35th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Kathleen Wingo$105,062——$80,654$37,465—
Wingo K—$101,604$99,702———
Laura Brasher$59,396—————
Brasher L—$52,400$22,668———
Robin Soare———$48,580$27,360$34,174
Tracy Lange————$15,824$15,297
Stephens S——$1,000———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Kaleidoscope School executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Operates a charter school in Arizona.

Provided by the organization

This section is blank until Kaleidoscope School claims this page.

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1 program service account for $2.1M of program spending, described in the organization's own filed words · FY2020.
01

In the 2019-20 school year, the School began operations and welcomed students to the new campus. Enrollment grew during the year and the School welcomes additional families.

$2.1Mprogram expense

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Gifts and grantsLn 1h$1.8M
Fees for servicesLn 2g$127K
Money outPt IX
$2.2M
Ln 25
Programscol B$2.1M
Managementcol C$104K
Fundraisingcol D$8K
Owns and owesPt X
−$342K
net assets · Ln 32
Cash and savingsLn 1–2$166K
Total assetsLn 16$7.5M
LiabilitiesLn 26$7.9M
PeoplePt VI, VII
9
listed · VII A
PaidVII A3
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Government grantsLn 1e$1.7M
Fees for servicesLn 2g$127K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$166K
Cash and savings togetherLn 1–2$166K
Land, buildings, equipmentLn 10c$7.4M
Other assetsLn 15$9K
Total assetsLn 16$7.5M
LiabilitiesLn 26$7.9M
Net assetsLn 32−$342K
OperationsPt I, VI
EmployeesI 556
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$36K$166K
Land, buildings, equipmentLn 10c$108K$7.4M
Total assetsLn 16$144K$7.5M
LiabilitiesLn 26$218K$7.9M
Net assetsLn 32−$74K−$342K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$20K$10K$6K$4K
Other salaries and wagesLn 7$938K$938K$462
Other employee benefitsLn 9$33K$33K
Payroll taxesLn 10$69K$69K$483$369
Legal feesLn 11b$510$510
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$125K$104K$21K
Advertising and promotionLn 12$2K$2K
OccupancyLn 16$100K$99K$474$362
InterestLn 20$418K$414K$2K$2K
Depreciation, depletion and amortizationLn 22$314K$311K$2K$1K
InsuranceLn 23$14K$14K$82$61
Other expenses (24a–d)Ln 24$125K$83K$42K
All other expensesLn 24e$17K$17K
Total functional expensesLn 25$2.2M$2.1M$104K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $3.6M$3.6M$18K$529K 990 PDF
FY2023 $3.7M$3.6M$99K$510K 990 PDF
FY2022 $3.3M$3.1M$268K−$73K 990 PDF
FY2021 Viewing $1.9M$2.2M−$268K−$342K 990 PDF
FY2020 $365K$408K−$44K−$74K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $1,919,742 across 5 lines filed
VIII-1e Government grants$1,749,793
VIII-1f All other contributions, gifts and grants$42,579
VIII-1h Total contributions, gifts and grants$1,792,372
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $127,370$127,370
VIII-12 Total revenueRelated to mission $127,370 · Unrelated business $0 · Excluded from tax $0$1,919,742
Part IX · Statement of functional expenses $2,187,290 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $10,394 · Management $5,601 · Fundraising $3,734$19,729
IX-7 Other salaries and wagesPrograms $937,640 · Fundraising $462$938,102
IX-9 Other employee benefitsPrograms $32,686$32,686
IX-10 Payroll taxesPrograms $68,605 · Management $483 · Fundraising $369$69,457
IX-11b Legal feesManagement $510$510
IX-11c Accounting feesManagement $10,800$10,800
IX-11g Other fees for servicesPrograms $104,304 · Management $20,812$125,116
IX-12 Advertising and promotionManagement $1,771$1,771
IX-16 OccupancyPrograms $99,426 · Management $474 · Fundraising $362$100,262
IX-20 InterestPrograms $413,992 · Management $2,446 · Fundraising $1,832$418,270
IX-22 Depreciation, depletion and amortizationPrograms $310,633 · Management $1,835 · Fundraising $1,375$313,843
IX-23 InsurancePrograms $14,103 · Management $82 · Fundraising $61$14,246
IX-24 Other expenses (24a–d)Programs $83,018 · Management $42,195$125,213
IX-24e All other expensesManagement $17,285$17,285
IX-25 Total functional expensesPrograms $2,074,801 · Management $104,294 · Fundraising $8,195$2,187,290
Part X · Balance sheet $7,526,480 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $35,832$165,614
X-3 Pledges and grants receivable$958
X-10c Land, buildings and equipment, netStart of year $107,869$7,350,668
X-15 Other assets$9,240
X-16 Total assetsStart of year $143,701$7,526,480
X-17 Accounts payable and accrued expensesStart of year $90,574$133,105
X-26 Total liabilitiesStart of year $217,654$7,867,981
X-27 Net assets without donor restrictionsStart of year −$75,275−$392,550
X-28 Net assets with donor restrictionsStart of year $1,322$51,049
X-32 Total net assets or fund balancesStart of year −$73,953−$341,501
X-33 Total liabilities and net assetsStart of year $143,701$7,526,480
Part XI · Reconciliation of net assets −$341,501 net assets at year end
XI-1 Total revenue$1,919,742
XI-2 Total expenses$2,187,290
XI-3 Revenue less expenses−$267,548
XI-4 Net assets at start of year−$73,953
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$341,501

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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