Archway Classical Academy Arete FY2021 filing

Tax-deductible

Phoenix, AZ501(c)(3)EducationEIN 46-4061128Revenue $5.2M in FY2021

On file with the IRSarchwayarete.org4717 E Hilton Ave Ste 300, 85034-6413 · Phoenix, AZTax-exempt since Apr 2015School — 170(b)(1)(A)(ii)

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An Archway Classical Academy Arete education prepares students to be more than just proficient test takers, but rather, to become great-hearted leaders capable of success throughout their higher education and professional careers. With a curriculum built upon a Classical liberal arts tradition and a revolutionary approach to school itself, great hearts cultivates the hearts and minds of students in the pursuit of truth, goodness, and beauty.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
6 of 6
filings with a surplus
Average surplus $222K a year · 4% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $46K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$417K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.2M
+12% vs prior year
Spent
$4.7M
To programs
86%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$5.2M
FY2021▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.6M
FY2021$5.2M
FY2022$5.2M
FY2023$6.1M
FY2024$5.9M
FY2025$5.7M
Expenses
$4.7M
FY2021▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.6M
FY2021$4.7M
FY2022$5.0M
FY2023$5.8M
FY2024$5.6M
FY2025$5.7M
Net assets
$1.5M
FY2021▲ +41%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$1.5M
FY2022$1.7M
FY2023$2.0M
FY2024$2.3M
FY2025$2.4M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2015.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $4.1M Management & general 14% · $665K Fundraising 0% · $21K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Vice Preside
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Headmaster
$0Pt VII · Sec A
See Archway Classical Academy Arete 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 15aYes

Programs and updates

Cultivates students' hearts and minds for leadership and success through classical liberal arts.

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Provided by the organization

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1 program · $4.1M · in their own filed words · FY2020
01

An archway classical academy arete education prepares students to be more than just proficient test takers, but rather, to become great-hearted leaders capable of success throughout their higher education and professional careers.

$4.1Mprogram 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$46K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$5.2M
Ln 12
Fees for servicesLn 2g$4.3M
Gifts and grantsLn 1h$815K
Other incomeLn 4–11$6K
Money outPt IX
$4.7M
Ln 25
Programscol B$4.1M
Managementcol C$665K
Fundraisingcol D$21K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$1.9M
LiabilitiesLn 26$417K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$815K
Government grantsLn 1e$494K
Fees for servicesLn 2g$4.3M
Investment incomeLn 3$1K
Other incomeLn 4–11$6K
Total revenueLn 12$5.2M
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$81K
Cash and savings togetherLn 1–2$1.6M
Land, buildings, equipmentLn 10c$47K
Other assetsLn 15$100
Total assetsLn 16$1.9M
LiabilitiesLn 26$417K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6230
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$1.1M$1.6M
Land, buildings, equipmentLn 10c$67K$47K
Total assetsLn 16$1.3M$1.9M
LiabilitiesLn 26$292K$417K
Net assetsLn 32$1.0M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$104K$88K$15K$705
Other salaries and wagesLn 7$2.1M$1.8M$310K$14K
Pension plan contributionsLn 8$32K$29K$4K$159
Other employee benefitsLn 9$484K$429K$53K$2K
Payroll taxesLn 10$169K$150K$18K$827
Management feesLn 11a$410K$347K$63K
Legal feesLn 11b$6K$5K$866
Accounting feesLn 11c$11K$9K$1K
Other fees for servicesLn 11g$114K$98K$16K
Office expensesLn 13$16K$12K$4K
Information technologyLn 14$56K$48K$9K
OccupancyLn 16$615K$529K$86K
Depreciation, depletion and amortizationLn 22$31K$27K$4K
Other expenses (24a–d)Ln 24$514K$439K$75K
All other expensesLn 24e$42K$34K$5K$3K
Total functional expensesLn 25$4.7M$4.1M$665K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.7M$5.7M$23K$2.4M 990 PDF
FY2024 $5.9M$5.6M$265K$2.3M 990 PDF
FY2023 $6.1M$5.8M$326K$2.0M 990 PDF
FY2022 $5.2M$5.0M$248K$1.7M 990 PDF
FY2021 Viewing $5.2M$4.7M$417K$1.5M 990 PDF
FY2020 $4.6M$4.6M$53K$1.0M 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 (6 parts)
Part I · Summary $5,157,328 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $383,850$814,741
I-9 Program service revenuePrior year $4,234,076$4,335,622
I-10 Investment incomePrior year $801$1,020
I-11 Other revenuePrior year $1,483$5,945
I-12 Total revenuePrior year $4,620,210$5,157,328
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,852,511$2,924,945
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,714,613$1,815,826
I-18 Total expensesPrior year $4,567,124$4,740,771
I-19 Revenue less expensesPrior year $53,086$416,557
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,157,328 across 8 lines filed
VIII-1e Government grants$494,382
VIII-1f All other contributions, gifts and grants$320,359
VIII-1h Total contributions, gifts and grants$814,741
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,335,622$4,335,622
VIII-3 Investment incomeExcluded from tax $1,020$1,020
VIII-6 Net rental income or lossExcluded from tax $4,655$4,655
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,290$1,290
VIII-12 Total revenueRelated to mission $4,336,912 · Excluded from tax $5,675$5,157,328
Part IX · Statement of functional expenses $4,740,771 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $88,031 · Management $15,076 · Fundraising $705$103,812
IX-7 Other salaries and wagesPrograms $1,810,628 · Management $310,088 · Fundraising $14,491$2,135,207
IX-8 Pension plan contributionsPrograms $28,764 · Management $3,533 · Fundraising $159$32,456
IX-9 Other employee benefitsPrograms $429,116 · Management $52,708 · Fundraising $2,367$484,191
IX-10 Payroll taxesPrograms $150,025 · Management $18,427 · Fundraising $827$169,279
IX-11a Management feesPrograms $346,645 · Management $63,415$410,060
IX-11b Legal feesPrograms $5,404 · Management $866$6,270
IX-11c Accounting feesPrograms $9,223 · Management $1,477$10,700
IX-11g Other fees for servicesPrograms $98,041 · Management $15,705$113,746
IX-13 Office expensesPrograms $11,903 · Management $3,975$15,878
IX-14 Information technologyPrograms $47,697 · Management $8,725$56,422
IX-16 OccupancyPrograms $528,662 · Management $86,428$615,090
IX-22 Depreciation, depletion and amortizationPrograms $26,930 · Management $4,403$31,333
IX-24 Other expenses (24a–d)Programs $439,286 · Management $74,965$514,251
IX-24e All other expensesPrograms $33,950 · Management $5,293 · Fundraising $2,833$42,076
IX-25 Total functional expensesPrograms $4,054,305 · Management $665,084 · Fundraising $21,382$4,740,771
Part X · Balance sheet $1,881,006 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,059,017$1,477,165
X-2 Savings and temporary cash investmentsStart of year $74,234$80,620
X-4 Accounts receivableStart of year $47,558$191,802
X-9 Prepaid expenses and deferred chargesStart of year $84,934$84,614
X-10c Land, buildings and equipment, netStart of year $66,987$46,705
X-15 Other assetsStart of year $100$100
X-16 Total assetsStart of year $1,332,830$1,881,006
X-17 Accounts payable and accrued expensesStart of year $56,581$115,388
X-19 Deferred revenueStart of year $16,492$13,982
X-25 Other liabilitiesStart of year $219,382$288,005
X-26 Total liabilitiesStart of year $292,455$417,375
X-27 Net assets without donor restrictionsStart of year $1,033,482$1,463,631
X-32 Total net assets or fund balancesStart of year $1,040,375$1,463,631
X-33 Total liabilities and net assetsStart of year $1,332,830$1,881,006
Part XI · Reconciliation of net assets $1,463,631 net assets at year end
XI-1 Total revenue$5,157,328
XI-2 Total expenses$4,740,771
XI-3 Revenue less expenses$416,557
XI-4 Net assets at start of year$1,040,375
XI-5 Net unrealized gains (losses) on investments$6,699
XI-10 Net assets at end of year$1,463,631

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

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