Incito Schools FY2023 filing

Tax-deductible

Goodyear, AZ501(c)(3)Since 2011EducationEIN 45-2533966

The school's mission is to establish a standard for educational excellence where all learners achieve their potential and collaboratively contribute to their local and global communities.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$588K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
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
2 of 5
filings with a surplus
Average surplus $125K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 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
$588K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7.9M
93% of total assets
Concern: liabilities are 93% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.0M
+13% vs prior year
Spent
$4.1M
To programs
76%
Net assets
$552K
By yearFY2020–FY2024
Revenue
$4.0M
FY2023▲ +13%
Revenue by fiscal year
FY2020$3.5M
FY2021$3.9M
FY2022$3.6M
FY2023$4.0M
FY2024$2.7M
FY2024$2.6M
Expenses
$4.1M
FY2023▲ +10%
Expenses by fiscal year
FY2020$3.2M
FY2021$3.2M
FY2022$3.7M
FY2023$4.1M
FY2024$2.9M
FY2024$2.8M
Net assets
$552K
FY2023▼ -2%
Net assets by fiscal year
FY2020$8K
FY2021$679K
FY2022$561K
FY2023$552K
FY2024$379K
FY2024$214K

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

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2013-11-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jul 2020.

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% · $3.1M Management & general 24% · $978K

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

Who runs it and what they're paid

6 people listed on the 990; $588K 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
Principal
$224,019Pt VII · Sec A
$190,249Pt VII · Sec A
Vice Preside
$173,893Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Jayson Black’s $149K as Principal is at the 63rd 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 · 6 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Jayson Black$148,998$142,573$224,019———
Amanda Jelleson———$220,406$167,500$142,174
April Castillo Black———$220,354$167,500$146,754
April Castillo Black$120,322$164,094$190,249———
Amanda Jelleson$93,239$144,357$173,893———
Jayson Black———$107,805——

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

Empowering learners to achieve potential and contribute to communities through educational excellence.

Provided by the organization

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1 program service account for $3.1M of program spending, described in the organization's own filed words · FY2022.
01

The school's mission is to establish a standard for educational excellence where all learners achieve their potential and collaboratively contribute to their local and global communities.

$3.1Mprogram expense

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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 · FY2023
Total grants receivedfrom 1 funder$50

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$4.0M
Ln 12
Gifts and grantsLn 1h$3.5M
Other incomeLn 4–11$467K
Fees for servicesLn 2g$62K
Money outPt IX
$4.1M
Ln 25
Programscol B$3.1M
Managementcol C$978K
Owns and owesPt X
$552K
net assets · Ln 32
Cash and savingsLn 1–2$848K
Total assetsLn 16$8.5M
LiabilitiesLn 26$7.9M
PeoplePt VI, VII
6
listed · VII A
PaidVII A3
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.5M
Government grantsLn 1e$3.4M
Noncash giftsLn 1g$65K
Fees for servicesLn 2g$62K
Investment incomeLn 3$34K
Other incomeLn 4–11$467K
Total revenueLn 12$4.0M
Assets in detailPt X, end of year
CashLn 1$848K
Cash and savings togetherLn 1–2$848K
Land, buildings, equipmentLn 10c$6K
Other assetsLn 15$7.0M
Total assetsLn 16$8.5M
LiabilitiesLn 26$7.9M
Net assetsLn 32$552K
OperationsPt I, VI
EmployeesI 524
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$1.1M$848K
Land, buildings, equipmentLn 10c$3K$6K
Total assetsLn 16$1.8M$8.5M
LiabilitiesLn 26$1.2M$7.9M
Net assetsLn 32$561K$552K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$374K$290K$84K
Other salaries and wagesLn 7$1.3M$1.1M$241K
Other employee benefitsLn 9$305K$249K$55K
Payroll taxesLn 10$130K$105K$25K
Legal feesLn 11b$27K$27K
Accounting feesLn 11c$119K$119K
Other fees for servicesLn 11g$140K$82K$59K
Advertising and promotionLn 12$17K$17K
Office expensesLn 13$443K$288K$155K
OccupancyLn 16$781K$620K$161K
TravelLn 17$27K$27K
Conferences, conventions and meetingsLn 19$50K$50K
InterestLn 20$262K$210K$52K
Depreciation, depletion and amortizationLn 22$3K$2K$617
InsuranceLn 23$52K$52K
Total functional expensesLn 25$4.1M$3.1M$978K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.7M$2.9M−$173K$379K 990 PDF
FY2023 Viewing $4.0M$4.1M−$9K$552K 990 PDF
FY2022 $3.6M$3.7M−$118K$561K 990 PDF
FY2021 $3.9M$3.2M$671K$679K 990 PDF
FY2020 $3.5M$3.2M$252K$8K 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 (4 parts)
Part VIII · Statement of revenue $4,044,511 across 9 lines filed
VIII-1e Government grants$3,373,212
VIII-1f All other contributions, gifts and grants$108,006
VIII-1g Noncash contributions (included above)$64,632
VIII-1h Total contributions, gifts and grants$3,481,218
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $61,672$61,672
VIII-3 Investment incomeRelated to mission $34,204$34,204
VIII-6 Net rental income or lossExcluded from tax $286,124$286,124
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $181,293$181,293
VIII-12 Total revenueRelated to mission $277,169 · Excluded from tax $286,124$4,044,511
Part IX · Statement of functional expenses $4,053,657 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $289,800 · Management $83,850$373,650
IX-7 Other salaries and wagesPrograms $1,083,706 · Management $240,615$1,324,321
IX-9 Other employee benefitsPrograms $249,274 · Management $55,384$304,658
IX-10 Payroll taxesPrograms $105,073 · Management $24,822$129,895
IX-11b Legal feesManagement $26,767$26,767
IX-11c Accounting feesManagement $118,769$118,769
IX-11g Other fees for servicesPrograms $81,587 · Management $58,722$140,309
IX-12 Advertising and promotionPrograms $16,601$16,601
IX-13 Office expensesPrograms $288,264 · Management $155,023$443,287
IX-16 OccupancyPrograms $619,856 · Management $161,209$781,065
IX-17 TravelPrograms $27,209$27,209
IX-19 Conferences, conventions and meetingsPrograms $49,516$49,516
IX-20 InterestPrograms $209,787 · Management $52,447$262,234
IX-22 Depreciation, depletion and amortizationPrograms $2,467 · Management $617$3,084
IX-23 InsurancePrograms $52,292$52,292
IX-25 Total functional expensesPrograms $3,075,432 · Management $978,225 · Fundraising $0$4,053,657
Part X · Balance sheet $8,472,674 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,056,868$848,040
X-3 Pledges and grants receivableStart of year $334,748$547,295
X-4 Accounts receivableStart of year $31,138$26,297
X-10c Land, buildings and equipment, netStart of year $2,913$6,349
X-15 Other assetsStart of year $327,718$7,044,693
X-16 Total assetsStart of year $1,755,885$8,472,674
X-17 Accounts payable and accrued expensesStart of year $201,372$112,220
X-25 Other liabilitiesStart of year $982,807$7,808,726
X-26 Total liabilitiesStart of year $1,195,011$7,920,946
X-27 Net assets without donor restrictionsStart of year $560,874$551,728
X-32 Total net assets or fund balancesStart of year $560,874$551,728
X-33 Total liabilities and net assetsStart of year $1,755,885$8,472,674
Part XI · Reconciliation of net assets $551,728 net assets at year end
XI-1 Total revenue$4,044,511
XI-2 Total expenses$4,053,657
XI-3 Revenue less expenses−$9,146
XI-4 Net assets at start of year$560,874
XI-10 Net assets at end of year$551,728

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

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