Midtown Primary School FY2022 filing

Phoenix, AZ · Public charity (501(c)(3)) · Education

✓ Tax-deductible Latest data FY2022
Revenue
$2.1M
▲ +9% vs prior year
Spent
$2.0M
To programs
91%
Net assets
$474K
By yearFY2021–FY2025
Revenue
$2.1M
FY2022▲ +9%
Revenue by fiscal year
FY2021$1.9M
FY2022$2.1M
FY2023$1.6M
FY2024$1.9M
FY2025$1.8M
Expenses
$2.0M
FY2022▲ +2%
Expenses by fiscal year
FY2021$1.9M
FY2022$2.0M
FY2023$1.5M
FY2024$1.5M
FY2025$1.7M
Net assets
$474K
FY2022▲ +24%
Net assets by fiscal year
FY2021$382K
FY2022$474K
FY2023$600K
FY2024$993K
FY2025$1.0M
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending June 2022 (IRS tax year 2021).

Figures match the IRS filing checked 9/13/26 · see original: IRS

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — National Philanthropic Trust
$9K in the latest grant year.
Spent on programs?
91% to programs
Form 990 Part IX, latest filing.
Size and trend
$1–10M
↑ +9% vs prior year
Legal name (IRS)Hdr · item CMidtown Primary School
EINHdr · item D75-3049690
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2004
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CPhoenix, AZ
NTEE classificationIRS BMFEducation (B29)
WebsiteHdr · item Jwww.midtownprimaryschool.com

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.09
Program services91%$1.8M
Management & general9%$182K
Total functional expensesLn 25$2.0M

Financial health

Program efficiency
91%
of spending reaches programs
Operating runway
3.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$612K
FY2022▲ +36%
Total assets by fiscal year
FY2021$450K
FY2022$612K
FY2023$745K
FY2024$1.1M
FY2025$1.1M
Total liabilities
$139K
FY2022▲ +105%
Total liabilities by fiscal year
FY2021$68K
FY2022$139K
FY2023$145K
FY2024$81K
FY2025$114K
Revenue less expensesPt I · Ln 19$91K
Total assetsPt X · Ln 16$612K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43

Balance Sheet

Part X · end of year
CashLn 1$496K
Total assetsLn 16$612K
Total liabilitiesLn 26$139K
Total net assetsLn 32$474K
Months of cash on handcomputed3.0

Statement of Revenue

Part VIII
Contributions & grants100%$2.1M
Investment income$59
— government grantsLn 1e$2.0M
Total revenueLn 12$2.1M

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $496K · Operating expenses/yr $2.0M
3.0 months
Where the money goes
Program services
Program services $1.8M · Total expenses $2.0M
91%
Management & General
Management & general $182K · Total expenses $2.0M
9%
Fundraising
Fundraising $0 · Total expenses $2.0M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $50K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $2.1M · Total revenue $2.1M
100%
Government reliance
Government grants $2.0M · Total revenue $2.1M
97%
Earned-income share
Program service revenue $0 · Total revenue $2.1M
0%
Investment reliance
Investment income $59 · Total revenue $2.1M
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.0M
0%
Growth & trend
Revenue growth (YoY)
This year $2.1M · Prior year $1.9M
+9%
Net-asset trend (YoY)
End of year $474K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.1M · Expenses $2.0M
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $612K
—
Net-asset ratio
Net assets $474K · Total assets $612K
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $612K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Judy White · Reported title PRESIDENT/CHARTER REPRESENTATIVE · Highest reported compensation $97K · Total expenses $2.0M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.2M · Total expenses $2.0M
61%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%——
Overhead ratio 9%——
Fundraising cost ratio 0%——
Revenue growth 9%——
Accounting fee ratio 1%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President/Charter Representative
$96,600Pt VII · Sec A
Principal of Operations/Charter Rep
$87,961Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Lindy Ross’s $107K as President is at the 36th 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

NameFY2025FY2024FY2023FY2022FY2021
Judy White—$7,127$100,935$96,600$110,122
Lindy Ross$106,894$95,872———
Belinda Suggs$99,473$100,647$106,346$87,961—

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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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Mission and programs

Provides a safe space for young students to create, discover, laugh, and grow talents.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $1.8M of program spending, described in the organization's own filed words · FY2021.
01

To create a safe, loving environment where children can come together, creating, discovering, laughing, and developing their talents and their sense of community. Only through educational mastery, well developed communication and probelm-solving skills, and an awareness of responsibility to and for their group can students achieve the…

$1.8Mprogram expense

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Funders

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$9K

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $1.8M$1.7M-6% 990 PDF
FY2024 $1.9M$1.5M+18% 990 PDF
FY2023 $1.6M$1.5M-21% 990 PDF
FY2022 Viewing $2.1M$2.0M+9% 990 PDF
FY2021 $1.9M$1.9M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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