Mohave Accelerated Elementary School INC FY2021 filing

Tax-deductible

Bullhead City, AZ501(c)(3)Since 2004EducationEIN 43-1987541

Education for children

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$56K 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
4 of 5
filings with a surplus
Average surplus $539K a year · 9% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$56K
to officers and key staff · 1.0% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$42K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.5M
+16% vs prior year
Spent
$5.8M
To programs
91%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$5.5M
FY2021▲ +16%
Revenue by fiscal year
FY2020$4.7M
FY2021$5.5M
FY2022$5.7M
FY2023$6.1M
FY2024$6.5M
FY2024$5.9M
Expenses
$5.8M
FY2021▲ +24%
Expenses by fiscal year
FY2020$4.7M
FY2021$5.8M
FY2022$4.9M
FY2023$5.1M
FY2024$5.3M
FY2024$5.3M
Net assets
$2.1M
FY2021▼ -12%
Net assets by fiscal year
FY2020$2.4M
FY2021$2.1M
FY2022$2.8M
FY2023$3.9M
FY2024$5.0M
FY2024$5.5M

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

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 Aug 2004.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $5.3M Management & general 8% · $445K Fundraising 1% · $77K

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

Who runs it and what they're paid

2 people listed on the 990; $56K 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
President and CEO
$55,761Pt VII · Sec A
$0Pt VII · Sec A

Valorie Rodgers’s $30K as Secretary is at the 4th 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 · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2021FY2020
Vickie Christensen——$28,700$55,761$75,000
Valorie Rodgers$30,000$30,000$30,000——

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 Mohave Accelerated Elementary School INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Mohave Accelerated Elementary School INC is an education nonprofit based in Bullhead City, AZ, formed in 2004.

Provided by the organization

This section is blank until Mohave Accelerated Elementary School INC claims this page.

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1 program service account for $5.3M of program spending, described in the organization's own filed words · FY2020.
01

Operates as a charter school in the state of arizona. Education provided for the k - 5TH grades, approximately 500 students during the school year.

$5.3Mprogram expense

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Funders

Who pays for it.

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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$5.5M
Ln 12
Gifts and grantsLn 1h$5.5M
Investment incomeLn 3$2K
Money outPt IX
$5.8M
Ln 25
Programscol B$5.3M
Managementcol C$445K
Fundraisingcol D$77K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$2.1M
LiabilitiesLn 26$42K
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.5M
Government grantsLn 1e$5.4M
Investment incomeLn 3$2K
Total revenueLn 12$5.5M
Assets in detailPt X, end of year
CashLn 1$2.0M
Cash and savings togetherLn 1–2$2.0M
Land, buildings, equipmentLn 10c$96K
Total assetsLn 16$2.1M
LiabilitiesLn 26$42K
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 567
VolunteersI 610
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$2.5M$2.0M
Land, buildings, equipmentLn 10c$41K$96K
Total assetsLn 16$2.8M$2.1M
LiabilitiesLn 26$407K$42K
Net assetsLn 32$2.4M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2.3M$2.1M$130K$14K
Other employee benefitsLn 9$460K$409K$51K
Payroll taxesLn 10$173K$162K$10K$1K
Management feesLn 11a$251K$226K$23K$3K
Other fees for servicesLn 11g$142K$118K$24K
Office expensesLn 13$855$855
OccupancyLn 16$1.1M$1.0M$101K$11K
TravelLn 17$557$557
Depreciation, depletion and amortizationLn 22$9K$8K$771$86
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$1.4M$1.2M$100K$48K
Total functional expensesLn 25$5.8M$5.3M$445K$77K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $6.5M$5.3M$1.1M$5.0M 990 PDF
FY2023 $6.1M$5.1M$1.0M$3.9M 990 PDF
FY2022 $5.7M$4.9M$782K$2.8M 990 PDF
FY2021 Viewing $5.5M$5.8M−$288K$2.1M 990 PDF
FY2020 $4.7M$4.7M$50K$2.4M 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 $5,504,902 across 5 lines filed
VIII-1e Government grants$5,447,559
VIII-1f All other contributions, gifts and grants$55,701
VIII-1h Total contributions, gifts and grants$5,503,260
VIII-3 Investment incomeRelated to mission $1,642$1,642
VIII-12 Total revenueRelated to mission $1,642 · Unrelated business $0 · Excluded from tax $0$5,504,902
Part IX · Statement of functional expenses $5,792,790 across 11 lines filed
IX-7 Other salaries and wagesPrograms $2,127,289 · Management $130,371 · Fundraising $14,486$2,272,146
IX-9 Other employee benefitsPrograms $408,541 · Management $51,242$459,783
IX-10 Payroll taxesPrograms $162,415 · Management $9,577 · Fundraising $1,064$173,056
IX-11a Management feesPrograms $226,144 · Management $22,614 · Fundraising $2,513$251,271
IX-11g Other fees for servicesPrograms $118,111 · Management $24,048$142,159
IX-13 Office expensesPrograms $855$855
IX-16 OccupancyPrograms $1,008,000 · Management $100,800 · Fundraising $11,200$1,120,000
IX-17 TravelManagement $557$557
IX-22 Depreciation, depletion and amortizationPrograms $7,711 · Management $771 · Fundraising $86$8,568
IX-23 InsuranceManagement $4,895$4,895
IX-24 Other expenses (24a–d)Programs $1,211,833 · Management $99,866 · Fundraising $47,801$1,359,500
IX-25 Total functional expensesPrograms $5,270,899 · Management $444,741 · Fundraising $77,150$5,792,790
Part X · Balance sheet $2,105,403 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $2,538,882$1,956,029
X-4 Accounts receivableStart of year $178,759$34,618
X-9 Prepaid expenses and deferred charges$18,978
X-10c Land, buildings and equipment, netStart of year $40,516$95,778
X-16 Total assetsStart of year $2,758,157$2,105,403
X-17 Accounts payable and accrued expensesStart of year $36,810$41,849
X-26 Total liabilitiesStart of year $406,715$41,849
X-27 Net assets without donor restrictionsStart of year $2,106,453$1,817,500
X-28 Net assets with donor restrictionsStart of year $244,989$246,054
X-32 Total net assets or fund balancesStart of year $2,351,442$2,063,554
X-33 Total liabilities and net assetsStart of year $2,758,157$2,105,403
Part XI · Reconciliation of net assets $2,063,554 net assets at year end
XI-1 Total revenue$5,504,902
XI-2 Total expenses$5,792,790
XI-3 Revenue less expenses−$287,888
XI-4 Net assets at start of year$2,351,442
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,063,554

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

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