Pathfinder Charter School Foundation FY2023 filing

Tax-deductible

Phoenix, AZ501(c)(3)Since 1998EducationEIN 33-1034701Revenue $6.1M in FY2023

On file with the IRScortezpark.org/home3535 W Dunlap Ave, 85051-5303 · Phoenix, AZTax-exempt since Dec 2007School — 170(b)(1)(A)(ii)

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To operate a not for profit Charter School and conduct educational research, evaluation, and development activities.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$58K 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

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $322K a year · 5% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$58K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.7M
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.1M
-2% vs prior year
Spent
$5.8M
To programs
76%
Net assets
$3.1M
By yearFY2020–FY2025
Revenue
$6.1M
FY2023▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.3M
FY2021$6.0M
FY2022$6.2M
FY2023$6.1M
FY2024$6.8M
FY2025$5.8M
Expenses
$5.8M
FY2023▲ +0.6%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.1M
FY2021$5.4M
FY2022$5.7M
FY2023$5.8M
FY2024$6.3M
FY2025$5.9M
Net assets
$3.1M
FY2023▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$2.3M
FY2022$2.8M
FY2023$3.1M
FY2024$3.5M
FY2025$3.5M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2007.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $4.4M Management & general 24% · $1.4M

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

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Who runs it and what they're paid

4 people listed on the 990; $58K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$58,110Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A

Kathleen Graves’s $43K as Principal is at the 6th 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jason Whitaker———$80,645$92,045$78,924
Kathleen Graves$43,033$61,328$58,110$10,472——
Joseluis Lozano$33,214—————

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.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Operates a charter school and conducts educational research and development.

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Provided by the organization

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1 program · $4.4M · in their own filed words · FY2022
01

Operation of a charter school for students in kindergarten through 5TH grade.

$4.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$6.1M
Ln 12
Fees for servicesLn 2g$4.1M
Gifts and grantsLn 1h$1.7M
Other incomeLn 4–11$282K
Money outPt IX
$5.8M
Ln 25
Programscol B$4.4M
Managementcol C$1.4M
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$7.8M
LiabilitiesLn 26$4.7M
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.7M
Government grantsLn 1e$1.7M
Fees for servicesLn 2g$4.1M
Other incomeLn 4–11$282K
Total revenueLn 12$6.1M
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$4.0M
Total assetsLn 16$7.8M
LiabilitiesLn 26$4.7M
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 5103
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 FY23End FY23
Cash and savingsLn 1–2$996K$1.0M
Land, buildings, equipmentLn 10c$1.3M$1.1M
Total assetsLn 16$3.3M$7.8M
LiabilitiesLn 26$527K$4.7M
Net assetsLn 32$2.8M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$65K$56K$9K
Other salaries and wagesLn 7$2.2M$1.9M$309K
Pension plan contributionsLn 8$46K$37K$9K
Other employee benefitsLn 9$403K$323K$80K
Payroll taxesLn 10$112K$90K$22K
Management feesLn 11a$443K$443K
Legal feesLn 11b$436$396$40
Accounting feesLn 11c$18K$16K$2K
Other fees for servicesLn 11g$255K$232K$23K
Advertising and promotionLn 12$79K$79K
Office expensesLn 13$58K$17K$41K
Information technologyLn 14$9K$5K$5K
OccupancyLn 16$685K$557K$128K
TravelLn 17$30K$28K$2K
Depreciation, depletion and amortizationLn 22$285K$228K$57K
InsuranceLn 23$72K$59K$13K
Other expenses (24a–d)Ln 24$867K$723K$144K
All other expensesLn 24e$118K$85K$33K
Total functional expensesLn 25$5.8M$4.4M$1.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.8M$5.9M−$62K$3.5M 990 PDF
FY2024 $6.8M$6.3M$426K$3.5M 990 PDF
FY2023 Viewing $6.1M$5.8M$321K$3.1M 990 PDF
FY2022 $6.2M$5.7M$507K$2.8M 990 PDF
FY2021 $6.0M$5.4M$583K$2.3M 990 PDF
FY2020 $5.3M$5.1M$159K$1.7M 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 FY2023 990 (6 parts)
Part I · Summary $6,077,965 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,047,454$1,726,667
I-9 Program service revenuePrior year $3,960,387$4,069,422
I-10 Investment income$0
I-11 Other revenuePrior year $221,462$281,876
I-12 Total revenuePrior year $6,229,303$6,077,965
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,931,949$2,837,960
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,790,548$2,918,942
I-18 Total expensesPrior year $5,722,497$5,756,902
I-19 Revenue less expensesPrior year $506,806$321,063
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $6,077,965 across 7 lines filed
VIII-1e Government grants$1,725,167
VIII-1f All other contributions, gifts and grants$1,500
VIII-1h Total contributions, gifts and grants$1,726,667
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,069,422$4,069,422
VIII-6 Net rental income or lossExcluded from tax $232,636$232,636
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $49,240$49,240
VIII-12 Total revenueRelated to mission $4,118,662 · Excluded from tax $232,636$6,077,965
Part IX · Statement of functional expenses $5,756,902 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $56,092 · Management $9,099$65,191
IX-7 Other salaries and wagesPrograms $1,903,407 · Management $308,758$2,212,165
IX-8 Pension plan contributionsPrograms $37,198 · Management $9,161$46,359
IX-9 Other employee benefitsPrograms $323,027 · Management $79,549$402,576
IX-10 Payroll taxesPrograms $89,603 · Management $22,066$111,669
IX-11a Management feesManagement $442,686$442,686
IX-11b Legal feesPrograms $396 · Management $40$436
IX-11c Accounting feesPrograms $15,991 · Management $1,609$17,600
IX-11g Other fees for servicesPrograms $231,850 · Management $23,321$255,171
IX-12 Advertising and promotionManagement $78,557$78,557
IX-13 Office expensesPrograms $17,180 · Management $40,701$57,881
IX-14 Information technologyPrograms $4,906 · Management $4,515$9,421
IX-16 OccupancyPrograms $556,775 · Management $128,153$684,928
IX-17 TravelPrograms $27,674 · Management $2,309$29,983
IX-22 Depreciation, depletion and amortizationPrograms $228,369 · Management $57,092$285,461
IX-23 InsurancePrograms $58,972 · Management $12,900$71,872
IX-24 Other expenses (24a–d)Programs $723,213 · Management $143,910$867,123
IX-24e All other expensesPrograms $84,736 · Management $33,087$117,823
IX-25 Total functional expensesPrograms $4,359,389 · Management $1,397,513 · Fundraising $0$5,756,902
Part X · Balance sheet $7,800,510 assets, 14 lines filed
Asset lines not itemized here account for $814,978; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $996,160$1,042,532
X-3 Pledges and grants receivableStart of year $165,569$771,079
X-4 Accounts receivableStart of year $52,470$53,970
X-9 Prepaid expenses and deferred charges$27,396
X-10c Land, buildings and equipment, netStart of year $1,254,215$1,098,929
X-15 Other assets$3,991,626
X-16 Total assetsStart of year $3,311,119$7,800,510
X-17 Accounts payable and accrued expensesStart of year $282,549$323,329
X-25 Other liabilitiesStart of year $111,925$4,372,052
X-26 Total liabilitiesStart of year $527,053$4,695,381
X-27 Net assets without donor restrictionsStart of year $2,386,337$2,529,428
X-28 Net assets with donor restrictionsStart of year $397,729$575,701
X-32 Total net assets or fund balancesStart of year $2,784,066$3,105,129
X-33 Total liabilities and net assetsStart of year $3,311,119$7,800,510
Part XI · Reconciliation of net assets $3,105,129 net assets at year end
XI-1 Total revenue$6,077,965
XI-2 Total expenses$5,756,902
XI-3 Revenue less expenses$321,063
XI-4 Net assets at start of year$2,784,066
XI-10 Net assets at end of year$3,105,129

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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