Edkey INC FY2021 filing

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Edkey, INC. Is a non-profit organization that provides high quality educational services to a variety of institutions, empowering fulfillment of their individual missions. Our services promote the improved quality of individual and family life.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$909K 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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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
4 of 6
filings with a surplus
Average deficit $2.5M a year · 3% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$909K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $83K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$137.9M
102% of total assets
Concern: liabilities are 102% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$83.8M
+57% vs prior year
Spent
$77.1M
To programs
91%
Net assets
−$2.1M
By yearFY2020–FY2025
Revenue
$83.8M
FY2021▲ +57%
Tap a bar for its year
Revenue by fiscal year
FY2020$53.4M
FY2021$83.8M
FY2022$93.0M
FY2023$94.8M
FY2024$74.9M
FY2025$68.6M
Expenses
$77.1M
FY2021▲ +45%
Tap a bar for its year
Expenses by fiscal year
FY2020$53.1M
FY2021$77.1M
FY2022$88.5M
FY2023$93.8M
FY2024$90.2M
FY2025$81.0M
Net assets
−$2.1M
FY2021▲ +76%
Tap a bar for its year
Net assets by fiscal year
FY2020−$8.7M
FY2021−$2.1M
FY2022$2.4M
FY2023$5.7M
FY2024−$10.2M
FY2025−$22.5M

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

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You’re viewing the FY2021 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 Jan 2003.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $70.6M Management & general 9% · $6.6M

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

11 people listed on the 990; $909K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$297,858Pt VII · Sec A
$156,133Pt VII · Sec A
Treasurer & Controller
$121,088Pt VII · Sec A
Assistant Superintendent
$115,601Pt VII · Sec A
Executive Director of HR
$111,366Pt VII · Sec A
Executive Director of Busi
$107,328Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A

Mark J Plitzuweit’s $358K as President/CEO (thru 12/24) is at the 75th percentile of top reported officer pay among 3683 $10–100M 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Mark J Plitzuweit$357,775$331,706$335,716$324,391$297,858$222,078
Yovhane Metcalfe$220,735$189,100————
Patric Greer——$203,371$181,268$156,133$114,903
Juan Beltran Mallen$194,158$169,265————
Laurie K Ainge$181,927$170,035————
Alfonso Alva$180,953—$124,952$111,639$115,601$115,362
Alfonso F Alva—$168,079————
Mia Moore$156,464—————

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 Edkey INC executive salaries →

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

Empowers underserved youth through education, fostering transparency, integrity, communication, and kindness.

Questions for Edkey INC

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1 program · $70.6M · in their own filed words · FY2020
01

Edkey inc. Was founded in 1996 as sequoia schools in mesa, arizona and soon expanded to meet the specific educational needs of other communities across the state. Currently, edkey owns and operates 18 diverse charter schools.

$70.6Mprogram 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 · FY2024
Total grants receivedfrom 3 funders$83K
See all 3 funders →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $7.6M federal money spent
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Arizona Department of Education$3.9M
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Arizona Department of Education$1.4M
Special Education Grants to StatesDepartment of Education · ALN 84.027 · Through Arizona Department of Education$1.2M
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Arizona Department of Education$343K
Student Support and Academic Enrichment ProgramDepartment of Education · ALN 84.424 · Through Arizona Department of Education$285K

Plus 5 smaller programs.

The auditor reported 101 findings: doubt the group can keep going, a material weakness in money controls, questioned costs.

Year ending Jun 2024 · $7.5M federal money spent
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Arizona Department of Education$4.1M
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Direct$1.2M
Special Education Grants to StatesDepartment of Education · ALN 84.027 · Through Arizona Department of Education$1.1M
Student Support and Academic Enrichment ProgramDepartment of Education · ALN 84.424 · Through Arizona Department of Education$450K
Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants)Department of Education · ALN 84.367 · Through Arizona Department of Education$227K

Plus 5 smaller programs.

The auditor reported 20 findings: doubt the group can keep going, a material weakness in money controls.

Year ending Jun 2023 · $21.8M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Arizona Department of Education$8.5M
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Arizona Department of Education$4.9M
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through Arizona Governor's Office of Strategic Planning & Budget$4.5M
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Arizona Department of Education$1.4M
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Direct$1.4M

Plus 6 smaller programs.

The auditor reported 68 findings: a weakness in money controls, questioned costs.

Year ending Jun 2022 · $20.3M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Arizona Department of Education$10.3M
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Arizona Department of Education$4.7M
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Arizona Department of Education$2.4M
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Direct and through Arizona Department of Education$1.8M
Improving Teacher Quality State GrantsDepartment of Education · ALN 84.367 · Through Arizona Department of Education$365K

Plus 8 smaller programs.

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$83.8M
Ln 12
Fees for servicesLn 2g$67.2M
Gifts and grantsLn 1h$16.4M
Investment incomeLn 3$181K
Money outPt IX
$77.1M
Ln 25
Programscol B$70.6M
Managementcol C$6.6M
Owns and owesPt X
−$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$12.9M
Total assetsLn 16$135.8M
LiabilitiesLn 26$137.9M
PeoplePt VI, VII
11
listed · VII A
PaidVII A6
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16.4M
Government grantsLn 1e$16.3M
Fees for servicesLn 2g$67.2M
Investment incomeLn 3$181K
Gains on assetsLn 7$33K
Total revenueLn 12$83.8M
Assets in detailPt X, end of year
CashLn 1$12.9M
SavingsLn 2$52K
Cash and savings togetherLn 1–2$12.9M
Land, buildings, equipmentLn 10c$88.7M
Other assetsLn 15$30.8M
Total assetsLn 16$135.8M
LiabilitiesLn 26$137.9M
Net assetsLn 32−$2.1M
OperationsPt I, VI
EmployeesI 51,105
VolunteersI 6106
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$129.7M
Bond issues listedSch K Pt I3
Raised by those issuesSch K Pt I$140.0M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$4.1M$12.9M
Land, buildings, equipmentLn 10c$72.8M$88.7M
Total assetsLn 16$102.9M$135.8M
LiabilitiesLn 26$111.6M$137.9M
Net assetsLn 32−$8.7M−$2.1M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$705K$705K
Other salaries and wagesLn 7$28.7M$26.9M$1.8M
Pension plan contributionsLn 8$3.4M$3.2M$188K
Other employee benefitsLn 9$3.0M$2.8M$201K
Payroll taxesLn 10$2.4M$2.2M$180K
Management feesLn 11a$39K$39K
Accounting feesLn 11c$65K$65K
Other fees for servicesLn 11g$20.7M$19.4M$1.4M
Advertising and promotionLn 12$511K$18K$494K
Office expensesLn 13$105K$65K$40K
OccupancyLn 16$3.4M$3.3M$38K
TravelLn 17$154K$121K$33K
InterestLn 20$6.4M$6.3M$144K
Depreciation, depletion and amortizationLn 22$3.7M$2.8M$894K
InsuranceLn 23$428K$426K$2K
Other expenses (24a–d)Ln 24$3.4M$3.0M$388K
Total functional expensesLn 25$77.1M$70.6M$6.6M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $68.6M$81.0M−$12.4M−$22.5M 990 PDF
FY2024Filed with the IRS May 12, 2025 $74.9M$90.2M−$15.3M−$10.2M 990 PDF
FY2023Filed with the IRS May 14, 2024 $94.8M$93.8M$970K$5.7M 990 PDF
FY2022Filed with the IRS May 12, 2023 $93.0M$88.5M$4.5M$2.4M 990 PDF
FY2021 ViewingFiled with the IRS Feb 22, 2022 $83.8M$77.1M$6.7M−$2.1M 990 PDF
FY2020Filed with the IRS Apr 23, 2021 $53.4M$53.1M$339K−$8.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $83,812,049 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,326,325$16,412,056
I-9 Program service revenuePrior year $44,851,186$67,218,840
I-10 Investment incomePrior year $151,807$181,153
I-11 Other revenuePrior year $62,175$0
I-12 Total revenuePrior year $53,391,493$83,812,049
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $31,709,931$38,175,096
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $21,342,674$38,948,047
I-18 Total expensesPrior year $53,052,605$77,123,143
I-19 Revenue less expensesPrior year $338,888$6,688,906
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $83,812,049 across 7 lines filed
Lines not itemized here account for $40,066 of total revenue; see the IRS return.
VIII-1e Government grants$16,251,078
VIII-1f All other contributions, gifts and grants$160,978
VIII-1h Total contributions, gifts and grants$16,412,056
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $67,178,774$67,178,774
VIII-3 Investment incomeExcluded from tax $148,401$148,401
VIII-7 Net gain or loss on sales of assetsExcluded from tax $32,752$32,752
VIII-12 Total revenueRelated to mission $67,218,840 · Unrelated business $0 · Excluded from tax $181,153$83,812,049
Part IX · Statement of functional expenses $77,123,143 across 16 lines filed
IX-5 Pay of current officers, directors and key staffManagement $705,330$705,330
IX-7 Other salaries and wagesPrograms $26,920,241 · Management $1,823,088$28,743,329
IX-8 Pension plan contributionsPrograms $3,186,739 · Management $187,585$3,374,324
IX-9 Other employee benefitsPrograms $2,750,441 · Management $201,228$2,951,669
IX-10 Payroll taxesPrograms $2,220,734 · Management $179,710$2,400,444
IX-11a Management feesPrograms $38,732$38,732
IX-11c Accounting feesManagement $64,932$64,932
IX-11g Other fees for servicesPrograms $19,356,856 · Management $1,374,901$20,731,757
IX-12 Advertising and promotionPrograms $17,644 · Management $493,585$511,229
IX-13 Office expensesPrograms $64,814 · Management $40,301$105,115
IX-16 OccupancyPrograms $3,329,681 · Management $38,491$3,368,172
IX-17 TravelPrograms $121,298 · Management $32,806$154,104
IX-20 InterestPrograms $6,305,231 · Management $143,811$6,449,042
IX-22 Depreciation, depletion and amortizationPrograms $2,838,285 · Management $893,539$3,731,824
IX-23 InsurancePrograms $425,790 · Management $2,187$427,977
IX-24 Other expenses (24a–d)Programs $2,977,273 · Management $387,890$3,365,163
IX-25 Total functional expensesPrograms $70,553,759 · Management $6,569,384 · Fundraising $0$77,123,143
Part X · Balance sheet $135,819,543 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $4,083,389$12,864,426
X-2 Savings and temporary cash investmentsStart of year $51,107$51,694
X-3 Pledges and grants receivableStart of year $926,383$1,217,562
X-4 Accounts receivableStart of year $707,561$1,241,703
X-9 Prepaid expenses and deferred chargesStart of year $665,869$544,092
X-10c Land, buildings and equipment, netStart of year $72,824,194$88,710,648
X-14 Intangible assetsStart of year $427,601$374,150
X-15 Other assetsStart of year $23,183,934$30,815,268
X-16 Total assetsStart of year $102,870,038$135,819,543
X-17 Accounts payable and accrued expensesStart of year $4,858,067$6,276,010
X-19 Deferred revenue$3,315
X-20 Tax-exempt bond liabilitiesStart of year $104,895,442$129,651,651
X-25 Other liabilitiesStart of year $1,806,652$2,010,454
X-26 Total liabilitiesStart of year $111,560,161$137,941,430
X-27 Net assets without donor restrictionsStart of year −$9,000,685−$2,202,168
X-28 Net assets with donor restrictionsStart of year $310,562$80,281
X-32 Total net assets or fund balancesStart of year −$8,690,123−$2,121,887
X-33 Total liabilities and net assetsStart of year $102,870,038$135,819,543
Part XI · Reconciliation of net assets −$2,121,887 net assets at year end
XI-1 Total revenue$83,812,049
XI-2 Total expenses$77,123,143
XI-3 Revenue less expenses$6,688,906
XI-4 Net assets at start of year−$8,690,123
XI-5 Net unrealized gains (losses) on investments−$120,670
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$2,121,887

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

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