Imagine Prep Superstition INC FY2020 filing

Tax-deductible

Apache Jct, AZ501(c)(3)EducationEIN 45-2540612Revenue $4.1M in FY2020

On file with the IRSimagineprep.com1843 W 16th Ave, 85120-6967 · Apache Jct, AZTax-exempt since Mar 2013School — 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.
71¢ of each $1 spent went to programs.
$112K 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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FY2020 · 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
3 of 6
filings with a surplus
Average surplus $3K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$112K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $14K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.0M
160% of total assets
Concern: liabilities are 160% of assets; over 80%.
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
$4.1M
Spent
$4.2M
To programs
71%
Net assets
−$1.1M
By yearFY2020–FY2025
Revenue
$4.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.1M
FY2021$4.5M
FY2022$4.7M
FY2023$4.5M
FY2024$4.3M
FY2025$4.6M
Expenses
$4.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.2M
FY2021$4.3M
FY2022$4.7M
FY2023$4.4M
FY2024$4.4M
FY2025$4.6M
Net assets
−$1.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.1M
FY2021−$1.0M
FY2022−$1.0M
FY2023−$885K
FY2024−$980K
FY2025−$1.1M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Mar 2013.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $2.9M Management & general 29% · $1.2M Fundraising 0% · $2K

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; $112K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Principal
$76,062Pt VII · Sec A
Principal
$36,157Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Laila Valencia’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
Julia Reed———$84,595$74,555$36,157
Frank Stirpe————$37,616$76,062
Laila Valencia$63,846$64,689$53,675———

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 · $2.9M · in their own filed words · FY2019
01

Operation of a charter school for students in 9TH through 12TH grade.

$2.9Mprogram 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 1 funder$14K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.1M
Ln 12
Fees for servicesLn 2g$3.2M
Gifts and grantsLn 1h$581K
Other incomeLn 4–11$333K
Money outPt IX
$4.2M
Ln 25
Programscol B$2.9M
Managementcol C$1.2M
Fundraisingcol D$2K
Owns and owesPt X
−$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$439K
Total assetsLn 16$1.9M
LiabilitiesLn 26$3.0M
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$581K
Noncash giftsLn 1g$340K
Fees for servicesLn 2g$3.2M
Other incomeLn 4–11$333K
Total revenueLn 12$4.1M
Assets in detailPt X, end of year
CashLn 1$439K
Cash and savings togetherLn 1–2$439K
Land, buildings, equipmentLn 10c$552K
Other assetsLn 15$849K
Total assetsLn 16$1.9M
LiabilitiesLn 26$3.0M
Net assetsLn 32−$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 663
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 FY20End FY20
Cash and savingsLn 1–2$380K$439K
Land, buildings, equipmentLn 10c$624K$552K
Total assetsLn 16$1.9M$1.9M
LiabilitiesLn 26$3.0M$3.0M
Net assetsLn 32−$1.1M−$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$112K$95K$17K
Other salaries and wagesLn 7$1.3M$1.1M$204K
Pension plan contributionsLn 8$52K$36K$16K
Other employee benefitsLn 9$306K$213K$93K
Payroll taxesLn 10$95K$66K$29K
Management feesLn 11a$346K$346K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$17K$17K
Other fees for servicesLn 11g$84K$84K
Advertising and promotionLn 12$48K$39K$10K
Office expensesLn 13$10K$8K$2K
Information technologyLn 14$40K$32K$8K
OccupancyLn 16$905K$724K$181K
TravelLn 17$3K$3K
InterestLn 20$21K$21K
Depreciation, depletion and amortizationLn 22$158K$158K
InsuranceLn 23$52K$41K$10K
Other expenses (24a–d)Ln 24$383K$347K$36K
All other expensesLn 24e$173K$116K$56K$2K
Total functional expensesLn 25$4.2M$2.9M$1.2M$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.6M$4.6M−$75K−$1.1M 990 PDF
FY2024 $4.3M$4.4M−$95K−$980K 990 PDF
FY2023 $4.5M$4.4M$126K−$885K 990 PDF
FY2022 $4.7M$4.7M$11K−$1.0M 990 PDF
FY2021 $4.5M$4.3M$119K−$1.0M 990 PDF
FY2020 Viewing $4.1M$4.2M−$68K−$1.1M 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 FY2020 990 (6 parts)
Part I · Summary $4,084,516 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $571,455$581,394
I-9 Program service revenuePrior year $3,130,826$3,170,309
I-10 Investment income$0
I-11 Other revenuePrior year $397,539$332,813
I-12 Total revenuePrior year $4,099,820$4,084,516
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,825,040$1,907,609
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,280,350$2,245,298
I-18 Total expensesPrior year $4,105,390$4,152,907
I-19 Revenue less expensesPrior year −$5,570−$68,391
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 $4,084,516 across 8 lines filed
VIII-1d Related organizations$340,000
VIII-1f All other contributions, gifts and grants$241,394
VIII-1g Noncash contributions (included above)$340,000
VIII-1h Total contributions, gifts and grants$581,394
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,170,309$3,170,309
VIII-6 Net rental income or lossRelated to mission $295,916$295,916
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $36,897$36,897
VIII-12 Total revenueRelated to mission $3,503,122$4,084,516
Part IX · Statement of functional expenses $4,152,907 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $95,164 · Management $17,055$112,219
IX-7 Other salaries and wagesPrograms $1,138,544 · Management $204,053$1,342,597
IX-8 Pension plan contributionsPrograms $36,082 · Management $15,740$51,822
IX-9 Other employee benefitsPrograms $212,948 · Management $92,896$305,844
IX-10 Payroll taxesPrograms $66,234 · Management $28,893$95,127
IX-11a Management feesManagement $346,099$346,099
IX-11b Legal feesManagement $2,804$2,804
IX-11c Accounting feesManagement $17,050$17,050
IX-11g Other fees for servicesPrograms $84,437$84,437
IX-12 Advertising and promotionPrograms $38,604 · Management $9,651$48,255
IX-13 Office expensesPrograms $8,158 · Management $2,040$10,198
IX-14 Information technologyPrograms $31,831 · Management $7,958$39,789
IX-16 OccupancyPrograms $724,322 · Management $181,080$905,402
IX-17 TravelManagement $3,276$3,276
IX-20 InterestManagement $21,273$21,273
IX-22 Depreciation, depletion and amortizationManagement $158,460$158,460
IX-23 InsurancePrograms $41,258 · Management $10,315$51,573
IX-24 Other expenses (24a–d)Programs $347,352 · Management $35,991$383,343
IX-24e All other expensesPrograms $115,930 · Management $55,909 · Fundraising $1,500$173,339
IX-25 Total functional expensesPrograms $2,940,864 · Management $1,210,543 · Fundraising $1,500$4,152,907
Part X · Balance sheet $1,898,256 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $379,958$439,057
X-3 Pledges and grants receivableStart of year $84,987$54,603
X-4 Accounts receivableStart of year $4,121$4,120
X-10c Land, buildings and equipment, netStart of year $624,255$551,620
X-15 Other assetsStart of year $794,918$848,856
X-16 Total assetsStart of year $1,899,059$1,898,256
X-17 Accounts payable and accrued expensesStart of year $334,712$280,897
X-19 Deferred revenueStart of year $30,621$13,066
X-25 Other liabilitiesStart of year $2,606,997$2,745,955
X-26 Total liabilitiesStart of year $2,972,330$3,039,918
X-27 Net assets without donor restrictionsStart of year −$1,073,271−$1,267,408
X-28 Net assets with donor restrictions$125,746
X-32 Total net assets or fund balancesStart of year −$1,073,271−$1,141,662
X-33 Total liabilities and net assetsStart of year $1,899,059$1,898,256
Part XI · Reconciliation of net assets −$1,141,662 net assets at year end
XI-1 Total revenue$4,084,516
XI-2 Total expenses$4,152,907
XI-3 Revenue less expenses−$68,391
XI-4 Net assets at start of year−$1,073,271
XI-10 Net assets at end of year−$1,141,662

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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