Smart Schools INC EIN 47-4110902 Form 990 (PDF) Claim this org

Smart Schools INC FY2021 filing

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Helps students complete high school online with a flexible, high-quality curriculum. For fiscal year 2021 it reported $489K in revenue, $418K in expenses, and $486K in net assets.Pt I

Founded
2014
Type
Public charity (501(c)(3)) · Education
Location
Gilbert, AZ
Website
www.smartschoolsusa.org
Filings
3 on file (2020–2021)
Revenue
$489KFY2021
Expenses
$418K
Net assets
$486K
People
3
Filings
3
Updates
0
More identity details & actions ⌄
EIN  47-4110902 Public charity (501(c)(3)) Gilbert, AZ Founded 2014
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 9/4/26 · see original: IRS
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Size
$1–10M
What they do
Helps students complete high school online with a flexible, high-quality curriculum.
Leadership
James Lee · CEO
Money in and out
$489K revenue, $418K expenses
Bottom line
90% program efficiency
Where the money goes · FY2021
Total revenue
$489K
Pt VIII · Ln 12
Total expenses
$418K
Pt IX · Ln 25
Net assets
$486K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $71K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.06 Fundraising $0.05
Program efficiency
90%
of spending reaches programs
Operating runway
14.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$489K
FY2021▲ +50%
Expenses
$418K
FY2021▲ +71%
Total assets
$501K
FY2021▲ +13%
Total liabilities
$14K
FY2021▼ -48%
Total revenue
$489K
Pt VIII · Ln 12
Total expenses
$418K
Pt IX · Ln 25
Net assets
$486K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$71K
Total assetsPt X · Ln 16$501K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $374K of program spending, described in the organization's own filed words · FY2020.
01

Smart schools aims to provide adults the ability to get a high school diploma through flexible online classes and affordable tuition. 53 individuals benefited from scholarship programs and 76 students obtained their diplomas for the 2020-2021 year covered by this return.

$374Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSmart Schools INC
EINHdr · item D47-4110902
Principal addressHdr · item CGilbert, AZ
WebsiteHdr · item Jwww.smartschoolsusa.org
Year of formationHdr · item L2014
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B60)
Ruling yearIRS BMFNov 2025

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$472K · 97%
Contributions & grants$16K · 3%
Program service revenue97%$472K
Contributions & grants3%$16K
Other revenue$597
Total revenueLn 12$489K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.06 Fundraising $0.05
Program services90%$374K
Management & general6%$23K
Fundraising5%$20K
Total functional expensesLn 25$418K

Balance Sheet

Part X · end of year
CashLn 1$486K
Total assetsLn 16$501K
Total liabilitiesLn 26$14K
Total net assetsLn 32$486K
Months of cash on handcomputed14.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $486K · Operating expenses/yr $418K
14.0 months
Where the money goes
Program services
Program services $374K · Total expenses $418K
90%
Management & General
Management & general $23K · Total expenses $418K
6%
Fundraising
Fundraising $20K · Total expenses $418K
5%
Cost to raise $1
Fundraising expense (2-yr avg) $41K · Solicited contributions (2-yr avg) $14K
$2.87 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $16K · Total revenue $489K
3%
Government reliance
Government grants — · Total revenue $489K
Earned-income share
Program service revenue $472K · Total revenue $489K
97%
Investment reliance
Investment income $0 · Total revenue $489K
0%
Program self-sufficiency
Program service revenue $472K · Total expenses $418K
113%
Growth & trend
Revenue growth (YoY)
This year $489K · Prior year $326K
+50%
Net-asset trend (YoY)
End of year $486K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $489K · Expenses $418K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $501K
Net-asset ratio
Net assets $486K · Total assets $501K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $501K
0%
People & payroll
Highest Reported Total Compensation
Individual James Lee · Reported title CEO · Highest reported compensation $0 · Total expenses $418K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $418K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 6%
Fundraising cost ratio 121%
Revenue growth 50%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$54
Grants paid · 1 grant · $13K · 2020–2020
Unitemized GrantFY2020$12,742

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.1M revenue · ⤓ 990 PDF
FY2023not on file
FY2022not on file
FY2021$489K revenue · viewing · ⤓ 990 PDF
FY2020$326K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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