Imagine Prep Coolidge INC FY2022 filing

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $2,500 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

To operate a not-for-profit charter school and conduct educational research, evaluation, and development activities.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-2529766) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$106K 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

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $16K a year · 0.3% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
81% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$106K
to officers and key staff · 2% of spending
Pay to officers and key staff is 2% of spending.
Part VII, Section A
2.0 mo
of spending, in cash
2.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $33K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$3.6M
188% of total assets
Liabilities are 188% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$6.3M
+6% vs prior year
Spent
$6.3M
To programs
81%
Net assets
−$1.7M
By yearFY2020–FY2025
Revenue
$6.3M
FY2022▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.8M
FY2021$6.0M
FY2022$6.3M
FY2023$6.7M
FY2024$6.7M
FY2025$6.3M
Expenses
$6.3M
FY2022▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.8M
FY2021$6.0M
FY2022$6.3M
FY2023$6.7M
FY2024$6.8M
FY2025$6.4M
Net assets
−$1.7M
FY2022▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.8M
FY2021−$1.8M
FY2022−$1.7M
FY2023−$1.7M
FY2024−$1.8M
FY2025−$1.9M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2014.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $5.1M Management & general 19% · $1.2M

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

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990; $106K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$105,581Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Rachael Hernandez’s $64K as Principal is at the 11th percentile of top reported officer pay among 3395 $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
Angela West————$63,957$125,957
Rachael Hernandez$63,827$89,769$88,339$105,581$49,424—
Michael Astalos$45,050—————

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 Imagine Prep Coolidge INC executive salaries →

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.

Questions for Imagine Prep Coolidge INC

Tap to ask. Imagine Prep Coolidge INC sees how many people are interested.

Your first name shows with your question. Imagine Prep Coolidge INC answers here, for everyone.

1 program · $5.1M · in their own filed words · FY2021
01

Operation of a charter school for students in 6TH through 12TH grades.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-2529766) · Dispute this line
$5.1Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$33K

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $799K federal money spent
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Arizona Department of Education$364K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Arizona Department of Education$184K
Twenty-First Century Community Learning CentersDepartment of Education · ALN 84.287 · Through Arizona Department of Education$104K
Special Education Grants to StatesDepartment of Education · ALN 84.027 · Through Arizona Department of Education$74K
Rural EducationDepartment of Education · ALN 84.358 · Through Arizona Department of Education$48K

Plus 1 smaller program.

The auditor reported no findings.

Year ending Jun 2024 · $1.1M federal money spent
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Arizona Department of Education$317K
American Rescue Plan Elementary and Secondary School Emergency Relief (arp Esser) FundDepartment of Education · ALN 84.425 · Through Arizona Department of Education$260K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Arizona Department of Education$233K
Twenty-First Century Community Learning CentersDepartment of Education · ALN 84.287 · Through Arizona Department of Education$147K
Special Education Grants to StatesDepartment of Education · ALN 84.027 · Through Arizona Department of Education$87K

Plus 2 smaller programs.

The auditor reported no findings.

Year ending Jun 2023 · $1.4M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Arizona Department of Education$570K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Arizona Department of Education$286K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Arizona Department of Education$226K
Twenty-First Century Community Learning CentersDepartment of Education · ALN 84.287 · Through Arizona Department of Education$128K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Arizona Department of Education$84K

Plus 3 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $1.7M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Arizona Department of Education$680K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Arizona Department of Education$428K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Arizona Department of Education$273K
Twenty-First Century Community Learning CentersDepartment of Education · ALN 84.287 · Through Arizona Department of Education$141K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Arizona Department of Education$108K

Plus 2 smaller programs.

The auditor reported no findings.

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$6.3M
Ln 12
Fees for servicesLn 2g$4.5M
Gifts and grantsLn 1h$1.8M
Other incomeLn 4–11$12K
Money outPt IX
$6.3M
Ln 25
Programscol B$5.1M
Managementcol C$1.2M
Owns and owesPt X
−$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.9M
LiabilitiesLn 26$3.6M
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$1.8M
Government grantsLn 1e$1.7M
Fees for servicesLn 2g$4.5M
Other incomeLn 4–11$12K
Total revenueLn 12$6.3M
Assets in detailPt X, end of year
CashLn 1$1.1M
Cash and savings togetherLn 1–2$1.1M
Pledges and grants receivableLn 3$524K
Accounts receivableLn 4$1K
Land, buildings, equipmentLn 10c$353K
Total assetsLn 16$1.9M
LiabilitiesLn 26$3.6M
Net assetsLn 32−$1.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 613
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 FY22End FY22
Cash and savingsLn 1–2$1.2M$1.1M
Land, buildings, equipmentLn 10c$238K$353K
Total assetsLn 16$1.4M$1.9M
LiabilitiesLn 26$3.2M$3.6M
Net assetsLn 32−$1.8M−$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$106K$89K$16K
Other salaries and wagesLn 7$2.4M$2.0M$362K
Pension plan contributionsLn 8$54K$40K$14K
Other employee benefitsLn 9$496K$396K$100K
Payroll taxesLn 10$127K$101K$26K
Management feesLn 11a$482K$482K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$351K$351K
Advertising and promotionLn 12$48K$48K
OccupancyLn 16$978K$978K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$107K$96K$11K
InsuranceLn 23$55K$7K$49K
Other expenses (24a–d)Ln 24$749K$738K$11K
All other expensesLn 24e$340K$289K$50K
Total functional expensesLn 25$6.3M$5.1M$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 11, 2026 $6.3M$6.4M−$131K−$1.9M 990 PDF
FY2024Filed with the IRS May 8, 2025 $6.7M$6.8M−$110K−$1.8M 990 PDF
FY2023Filed with the IRS Apr 29, 2024 $6.7M$6.7M−$8K−$1.7M 990 PDF
FY2022 ViewingFiled with the IRS May 2, 2023 $6.3M$6.3M$71K−$1.7M 990 PDF
FY2021Filed with the IRS May 10, 2022 $6.0M$6.0M$38K−$1.8M 990 PDF
FY2020Filed with the IRS Mar 25, 2021 $5.8M$5.8M$42K−$1.8M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $6,336,204 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,698,440$1,825,658
I-9 Program service revenuePrior year $4,305,954$4,498,411
I-10 Investment income$0
I-11 Other revenuePrior year $357$12,135
I-12 Total revenuePrior year $6,004,751$6,336,204
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,853,355$3,135,633
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,113,488$3,129,597
I-18 Total expensesPrior year $5,966,843$6,265,230
I-19 Revenue less expensesPrior year $37,908$70,974
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 $6,336,204 across 6 lines filed
VIII-1d Related organizations$100,000
VIII-1e Government grants$1,725,658
VIII-1h Total contributions, gifts and grants$1,825,658
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,498,411$4,498,411
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $12,135$12,135
VIII-12 Total revenueRelated to mission $4,510,546$6,336,204
Part IX · Statement of functional expenses $6,265,230 across 15 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $89,350 · Management $16,231$105,581
IX-7 Other salaries and wagesPrograms $1,991,014 · Management $361,692$2,352,706
IX-8 Pension plan contributionsPrograms $40,243 · Management $13,993$54,236
IX-9 Other employee benefitsPrograms $396,179 · Management $99,913$496,092
IX-10 Payroll taxesPrograms $101,349 · Management $25,669$127,018
IX-11a Management feesManagement $482,382$482,382
IX-11c Accounting feesPrograms $16,300$16,300
IX-11g Other fees for servicesPrograms $351,301$351,301
IX-12 Advertising and promotionManagement $47,570$47,570
IX-16 OccupancyPrograms $978,441$978,441
IX-20 InterestManagement $2,872$2,872
IX-22 Depreciation, depletion and amortizationPrograms $96,243 · Management $10,694$106,937
IX-23 InsurancePrograms $6,707 · Management $48,744$55,451
IX-24 Other expenses (24a–d)Programs $737,955 · Management $10,851$748,806
IX-24e All other expensesPrograms $289,331 · Management $50,206$339,537
IX-25 Total functional expensesPrograms $5,094,413 · Management $1,170,817 · Fundraising $0$6,265,230
Part X · Balance sheet $1,934,863 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,196,087$1,056,078
X-3 Pledges and grants receivableStart of year $9,460$524,229
X-4 Accounts receivableStart of year $1,383$1,383
X-10c Land, buildings and equipment, netStart of year $237,828$353,173
X-16 Total assetsStart of year $1,444,758$1,934,863
X-17 Accounts payable and accrued expensesStart of year $256,165$359,790
X-25 Other liabilitiesStart of year $2,960,595$3,276,101
X-26 Total liabilitiesStart of year $3,216,760$3,635,891
X-27 Net assets without donor restrictionsStart of year −$2,034,521−$2,096,795
X-28 Net assets with donor restrictionsStart of year $262,519$395,767
X-32 Total net assets or fund balancesStart of year −$1,772,002−$1,701,028
X-33 Total liabilities and net assetsStart of year $1,444,758$1,934,863
Part XI · Reconciliation of net assets −$1,701,028 net assets at year end
XI-1 Total revenue$6,336,204
XI-2 Total expenses$6,265,230
XI-3 Revenue less expenses$70,974
XI-4 Net assets at start of year−$1,772,002
XI-10 Net assets at end of year−$1,701,028

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.