Incito Schools FY2024 filing

Tax-deductible

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

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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.
56¢ of each $1 spent went to programs.
$451K 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

FY2024 · 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
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$451K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
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
$7.7M
95% of total assets
Concern: liabilities are 95% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
-33% vs prior year
Spent
$2.9M
To programs
56%
Net assets
$379K
By yearFY2020–FY2024
Revenue
$2.7M
FY2024▼ -33%
Revenue by fiscal year
FY2020$3.5M
FY2021$3.9M
FY2022$3.6M
FY2023$4.0M
FY2024$2.7M
FY2024$2.6M
Expenses
$2.9M
FY2024▼ -29%
Expenses by fiscal year
FY2020$3.2M
FY2021$3.2M
FY2022$3.7M
FY2023$4.1M
FY2024$2.9M
FY2024$2.8M
Net assets
$379K
FY2024▼ -31%
Net assets by fiscal year
FY2020$8K
FY2021$679K
FY2022$561K
FY2023$552K
FY2024$379K
FY2024$214K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

56 cents of each dollar spent went to programs.

Program services 56% · $1.6M Management & general 44% · $1.2M

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

5 people listed on the 990; $451K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$164,094Pt VII · Sec A
Vice Preside
$144,357Pt VII · Sec A
Principal
$142,573Pt VII · Sec A
$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 · 3 named individuals · Part VII

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

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 Incito Schools 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 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 · $1.6M · in their own filed words · FY2023
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.

$1.6Mprogram 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 · FY2023
Total grants receivedfrom 1 funder$50

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.4M
Other incomeLn 4–11$286K
Fees for servicesLn 2g$39K
Money outPt IX
$2.9M
Ln 25
Programscol B$1.6M
Managementcol C$1.2M
Owns and owesPt X
$379K
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$8.1M
LiabilitiesLn 26$7.7M
PeoplePt VI, VII
5
listed · VII A
PaidVII A3
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$2.4M
Fees for servicesLn 2g$39K
Other incomeLn 4–11$286K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$10K
Other assetsLn 15$6.7M
Total assetsLn 16$8.1M
LiabilitiesLn 26$7.7M
Net assetsLn 32$379K
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 FY24End FY24
Cash and savingsLn 1–2$848K$1.3M
Land, buildings, equipmentLn 10c$6K$10K
Total assetsLn 16$8.5M$8.1M
LiabilitiesLn 26$7.9M$7.7M
Net assetsLn 32$552K$379K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$196K$151K$45K
Other salaries and wagesLn 7$1.0M$912K$131K
Other employee benefitsLn 9$229K$195K$34K
Payroll taxesLn 10$95K$81K$13K
Legal feesLn 11b$75K$75K
Accounting feesLn 11c$97K$97K
Other fees for servicesLn 11g$227K$197K$29K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$60K$40K$20K
OccupancyLn 16$53K$29K$24K
TravelLn 17$12K$8K$4K
InterestLn 20$254K$254K
Depreciation, depletion and amortizationLn 22$462K$462K
InsuranceLn 23$49K$49K
Total functional expensesLn 25$2.9M$1.6M$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $2.7M$2.9M−$173K$379K 990 PDF
FY2023 $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 FY2024 990 (5 parts)
Part I · Summary $2,689,952 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,481,218$2,364,638
I-9 Program service revenuePrior year $61,672$39,016
I-10 Investment incomePrior year $34,204$0
I-11 Other revenuePrior year $467,417$286,298
I-12 Total revenuePrior year $4,044,511$2,689,952
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,132,524$1,563,602
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,921,133$1,299,393
I-18 Total expensesPrior year $4,053,657$2,862,995
I-19 Revenue less expensesPrior year −$9,146−$173,043
Part VIII · Statement of revenue $2,689,952 across 6 lines filed
VIII-1e Government grants$2,352,491
VIII-1f All other contributions, gifts and grants$12,147
VIII-1h Total contributions, gifts and grants$2,364,638
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,016$39,016
VIII-6 Net rental income or lossExcluded from tax $286,298$286,298
VIII-12 Total revenueRelated to mission $39,016 · Excluded from tax $286,298$2,689,952
Part IX · Statement of functional expenses $2,862,995 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $151,030 · Management $45,250$196,280
IX-7 Other salaries and wagesPrograms $912,313 · Management $131,155$1,043,468
IX-9 Other employee benefitsPrograms $195,314 · Management $33,699$229,013
IX-10 Payroll taxesPrograms $81,346 · Management $13,495$94,841
IX-11b Legal feesManagement $75,076$75,076
IX-11c Accounting feesManagement $96,790$96,790
IX-11g Other fees for servicesPrograms $197,412 · Management $29,308$226,720
IX-12 Advertising and promotionManagement $9,999$9,999
IX-13 Office expensesPrograms $40,343 · Management $20,058$60,401
IX-16 OccupancyPrograms $29,034 · Management $24,387$53,421
IX-17 TravelPrograms $8,040 · Management $4,451$12,491
IX-20 InterestManagement $253,814$253,814
IX-22 Depreciation, depletion and amortizationManagement $461,818$461,818
IX-23 InsuranceManagement $48,863$48,863
IX-25 Total functional expensesPrograms $1,614,832 · Management $1,248,163 · Fundraising $0$2,862,995
Part X · Balance sheet $8,109,586 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $848,040$1,317,770
X-3 Pledges and grants receivableStart of year $547,295$84,497
X-4 Accounts receivableStart of year $26,297$27,308
X-9 Prepaid expenses and deferred charges$7,991
X-10c Land, buildings and equipment, netStart of year $6,349$10,454
X-15 Other assetsStart of year $7,044,693$6,661,566
X-16 Total assetsStart of year $8,472,674$8,109,586
X-17 Accounts payable and accrued expensesStart of year $112,220$147,168
X-25 Other liabilitiesStart of year $7,808,726$7,583,733
X-26 Total liabilitiesStart of year $7,920,946$7,730,901
X-27 Net assets without donor restrictionsStart of year $551,728$369,135
X-28 Net assets with donor restrictions$9,550
X-32 Total net assets or fund balancesStart of year $551,728$378,685
X-33 Total liabilities and net assetsStart of year $8,472,674$8,109,586
Part XI · Reconciliation of net assets $378,685 net assets at year end
XI-1 Total revenue$2,689,952
XI-2 Total expenses$2,862,995
XI-3 Revenue less expenses−$173,043
XI-4 Net assets at start of year$551,728
XI-10 Net assets at end of year$378,685

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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