Pensar Academy FY2023 filing

Tax-deductible

Phoenix, AZ501(c)(3)Since 2015EducationEIN 47-3676800

Pensars mission is to develop middle school students with the essential skills to be agents of change in a 21st century global society.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$242K 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

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
4 of 5
filings with a surplus
Average surplus $211K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$242K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.9M
84% of total assets
Concern: liabilities are 84% 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
$3.3M
+13% vs prior year
Spent
$3.2M
To programs
82%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$3.3M
FY2023▲ +13%
Revenue by fiscal year
FY2020$2.6M
FY2021$2.9M
FY2022$3.0M
FY2023$3.3M
FY2024$3.4M
FY2024$3.2M
Expenses
$3.2M
FY2023▲ +13%
Expenses by fiscal year
FY2020$2.2M
FY2021$2.4M
FY2022$2.8M
FY2023$3.2M
FY2024$3.5M
FY2024$3.2M
Net assets
$1.3M
FY2023▲ +14%
Net assets by fiscal year
FY2020$657K
FY2021$1.1M
FY2022$1.2M
FY2023$1.3M
FY2024$1.3M
FY2024$1.3M

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. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2015.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $2.6M Management & general 18% · $581K

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

Who runs it and what they're paid

4 people listed on the 990; $242K 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
Chief Operations Officer
$126,930Pt VII · Sec A
Executive Diretor
$115,293Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Gerry Garcia’s $187K as Chief Operations Officer is at the 79th 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
Gerry Garcia$187,275$175,983$126,930$28,068—$43,149
Sandra Zupetz$114,686$127,613$115,293$98,814$87,148$84,996
Daniela Medina$102,882$107,834————

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 Pensar Academy 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 15aYes

Programs and updates

Develops middle school students with skills to become agents of change.

Provided by the organization

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1 program service account for $2.6M of program spending, described in the organization's own filed words · FY2022.
01

All our students will crtically navigate new challenges to resolution collaborate and communicate with purpose and production, and reach thier full potentail in post-secondary education to become agents of change within the community.

$2.6Mprogram 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 · FY2024
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3.3M
Ln 12
Gifts and grantsLn 1h$3.3M
Other incomeLn 4–11$40K
Money outPt IX
$3.2M
Ln 25
Programscol B$2.6M
Managementcol C$581K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$8.2M
LiabilitiesLn 26$6.9M
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.3M
Government grantsLn 1e$3.1M
Other incomeLn 4–11$40K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$1.5M
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$6K
Land, buildings, equipmentLn 10c$6.4M
Other assetsLn 15$12K
Total assetsLn 16$8.2M
LiabilitiesLn 26$6.9M
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 526
VolunteersI 60
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$1.2M$1.5M
InvestmentsLn 11–13$17K$6K
Land, buildings, equipmentLn 10c$6.2M$6.4M
Total assetsLn 16$8.1M$8.2M
LiabilitiesLn 26$6.9M$6.9M
Net assetsLn 32$1.2M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$120K$0$120K$0
Other salaries and wagesLn 7$1.3M$1.0M$244K$0
Other employee benefitsLn 9$105K$97K$8K$0
Payroll taxesLn 10$107K$79K$28K$0
Accounting feesLn 11c$34K$0$34K$0
Other fees for servicesLn 11g$65K$64K$1K$0
Advertising and promotionLn 12$55K$55K$0$0
Office expensesLn 13$272K$203K$68K$0
OccupancyLn 16$214K$193K$21K$0
Conferences, conventions and meetingsLn 19$3K$3K$0$0
InterestLn 20$355K$320K$36K$0
Depreciation, depletion and amortizationLn 22$180K$162K$18K$0
InsuranceLn 23$36K$32K$4K$0
Other expenses (24a–d)Ln 24$353K$353K$0$0
Total functional expensesLn 25$3.2M$2.6M$581K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $3.4M$3.5M−$92K$1.3M 990 PDF
FY2023 Viewing $3.3M$3.2M$174K$1.3M 990 PDF
FY2022 $3.0M$2.8M$157K$1.2M 990 PDF
FY2021 $2.9M$2.4M$457K$1.1M 990 PDF
FY2020 $2.6M$2.2M$357K$657K 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 $3,346,199 across 6 lines filed
VIII-1e Government grants$3,097,801
VIII-1f All other contributions, gifts and grants$208,487
VIII-1h Total contributions, gifts and grants$3,306,288
VIII-6 Net rental income or lossRelated to mission $27,500$27,500
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $12,411 · Unrelated business $0 · Excluded from tax $0$12,411
VIII-12 Total revenueRelated to mission $39,911 · Unrelated business $0 · Excluded from tax $0$3,346,199
Part IX · Statement of functional expenses $3,171,798 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $119,749 · Fundraising $0$119,749
IX-7 Other salaries and wagesPrograms $1,029,789 · Management $243,807 · Fundraising $0$1,273,596
IX-9 Other employee benefitsPrograms $97,425 · Management $7,887 · Fundraising $0$105,312
IX-10 Payroll taxesPrograms $78,779 · Management $27,812 · Fundraising $0$106,591
IX-11c Accounting feesPrograms $0 · Management $33,721 · Fundraising $0$33,721
IX-11g Other fees for servicesPrograms $63,521 · Management $1,314 · Fundraising $0$64,835
IX-12 Advertising and promotionPrograms $55,176 · Management $0 · Fundraising $0$55,176
IX-13 Office expensesPrograms $203,083 · Management $68,486 · Fundraising $0$271,569
IX-16 OccupancyPrograms $193,300 · Management $20,626 · Fundraising $0$213,926
IX-19 Conferences, conventions and meetingsPrograms $2,613 · Management $0 · Fundraising $0$2,613
IX-20 InterestPrograms $319,833 · Management $35,537 · Fundraising $0$355,370
IX-22 Depreciation, depletion and amortizationPrograms $162,184 · Management $18,020 · Fundraising $0$180,204
IX-23 InsurancePrograms $32,146 · Management $3,572 · Fundraising $0$35,718
IX-24 Other expenses (24a–d)Programs $353,418 · Management $0 · Fundraising $0$353,418
IX-25 Total functional expensesPrograms $2,591,267 · Management $580,531 · Fundraising $0$3,171,798
Part X · Balance sheet $8,206,578 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,222,283$1,546,208
X-4 Accounts receivableStart of year $588,453$231,768
X-9 Prepaid expenses and deferred chargesStart of year $48,652$48,642
X-10c Land, buildings and equipment, netStart of year $6,222,416$6,362,473
X-11 Publicly traded securitiesStart of year $16,774$5,967
X-15 Other assetsStart of year $17,382$11,520
X-16 Total assetsStart of year $8,115,960$8,206,578
X-17 Accounts payable and accrued expensesStart of year $167,476$96,773
X-19 Deferred revenueStart of year $14,707$106,295
X-20 Tax-exempt bond liabilitiesStart of year $6,749,544$6,655,683
X-26 Total liabilitiesStart of year $6,931,727$6,858,751
X-27 Net assets without donor restrictionsStart of year $1,000,421$1,155,177
X-28 Net assets with donor restrictionsStart of year $183,812$192,650
X-32 Total net assets or fund balancesStart of year $1,184,233$1,347,827
X-33 Total liabilities and net assetsStart of year $8,115,960$8,206,578
Part XI · Reconciliation of net assets $1,347,827 net assets at year end
XI-1 Total revenue$3,346,199
XI-2 Total expenses$3,171,798
XI-3 Revenue less expenses$174,401
XI-4 Net assets at start of year$1,184,233
XI-5 Net unrealized gains (losses) on investments−$10,807
XI-10 Net assets at end of year$1,347,827

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

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