A Plus Charter Schools FY2022 filing

Tax-deductible

Maricopa, AZ501(c)(3)Since 2017EducationEIN 82-1453897

An arizona charter school that empowers students in reaching their greatest potential by becoming responsible individuals of character and excellence, engaged community members, and lifelong learners in an ever-changing society.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$172K 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

FY2022 · 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
2 of 4
filings with a surplus
Average surplus $23K a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$172K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10.3M
112% of total assets
Concern: liabilities are 112% 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
$3.6M
+82% vs prior year
Spent
$3.7M
To programs
93%
Net assets
−$1.1M
By yearFY2021–FY2024
Revenue
$3.6M
FY2022▲ +82%
Revenue by fiscal year
FY2021$2.0M
FY2022$3.6M
FY2023$3.9M
FY2024$4.6M
FY2024$4.9M
Expenses
$3.7M
FY2022▲ +41%
Expenses by fiscal year
FY2021$2.6M
FY2022$3.7M
FY2023$3.5M
FY2024$4.1M
FY2024$4.2M
Net assets
−$1.1M
FY2022▼ -79%
Net assets by fiscal year
FY2021−$619K
FY2022−$1.1M
FY2023−$761K
FY2024−$253K
FY2024$481K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Nov 2019.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $3.5M Management & general 5% · $204K Fundraising 1% · $45K

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

Who runs it and what they're paid

5 people listed on the 990; $172K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$110,019Pt VII · Sec A
Executive Director
$61,636Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Lauren Gray’s $72K as Executive Director is at the 15th 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 · 4 named individuals · Part VII

NameFY2023FY2022FY2021
Laura Newcomb—$110,019—
Damon Norris——$75,000
Lauren Gray$72,295——
Lauren Gray—$61,636—

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 A Plus Charter Schools 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

Educates all 7th-12th graders tuition-free, regardless of background or past challenges.

Provided by the organization

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1 program service account for $3.5M of program spending, described in the organization's own filed words · FY2021.
01

The School served hundreds of students in Maricopa, Arizona during the 2021-22 school year.

$3.5Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.6M
Ln 12
Gifts and grantsLn 1h$3.6M
Other incomeLn 4–11$28K
Fees for servicesLn 2g$22K
Money outPt IX
$3.7M
Ln 25
Programscol B$3.5M
Managementcol C$204K
Fundraisingcol D$45K
Owns and owesPt X
−$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$9.2M
LiabilitiesLn 26$10.3M
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.6M
Government grantsLn 1e$3.5M
Fundraising eventsLn 1c$17K
Fees for servicesLn 2g$22K
Investment incomeLn 3$355
Other incomeLn 4–11$28K
Total revenueLn 12$3.6M
Assets in detailPt X, end of year
CashLn 1$493K
SavingsLn 2$511K
Cash and savings togetherLn 1–2$1.0M
Land, buildings, equipmentLn 10c$7.8M
Other assetsLn 15$467K
Total assetsLn 16$9.2M
LiabilitiesLn 26$10.3M
Net assetsLn 32−$1.1M
OperationsPt I, VI
EmployeesI 539
VolunteersI 650
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 FY22End FY22
Cash and savingsLn 1–2$344K$1.0M
Land, buildings, equipmentLn 10c$7.9M$7.8M
Total assetsLn 16$10.2M$9.2M
LiabilitiesLn 26$10.8M$10.3M
Net assetsLn 32−$619K−$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$62K$22K$13K$26K
Other salaries and wagesLn 7$1.3M$1.3M
Pension plan contributionsLn 8$2K$2K$22$43
Other employee benefitsLn 9$41K$40K$413$826
Payroll taxesLn 10$115K$112K$1K$2K
Management feesLn 11a$76K$76K
Accounting feesLn 11c$23K$23K
Other fees for servicesLn 11g$173K$129K$44K
OccupancyLn 16$170K$162K$6K$2K
InterestLn 20$771K$732K$29K$10K
Depreciation, depletion and amortizationLn 22$203K$193K$8K$3K
Other expenses (24a–d)Ln 24$833K$828K$4K$1K
Total functional expensesLn 25$3.7M$3.5M$204K$45K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $4.6M$4.1M$508K−$253K 990 PDF
FY2023 $3.9M$3.5M$350K−$761K 990 PDF
FY2022 Viewing $3.6M$3.7M−$115K−$1.1M 990 PDF
FY2021 $2.0M$2.6M−$650K−$619K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $3,608,598 across 7 lines filed
VIII-1c Fundraising events$16,972
VIII-1e Government grants$3,542,043
VIII-1h Total contributions, gifts and grants$3,559,015
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,663$21,663
VIII-3 Investment incomeRelated to mission $355$355
VIII-6 Net rental income or lossRelated to mission $27,565$27,565
VIII-12 Total revenueRelated to mission $49,583 · Unrelated business $0 · Excluded from tax $0$3,608,598
Part IX · Statement of functional expenses $3,723,672 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $22,158 · Management $13,159 · Fundraising $26,319$61,636
IX-7 Other salaries and wagesPrograms $1,254,302$1,254,302
IX-8 Pension plan contributionsPrograms $2,086 · Management $22 · Fundraising $43$2,151
IX-9 Other employee benefitsPrograms $40,076 · Management $413 · Fundraising $826$41,315
IX-10 Payroll taxesPrograms $111,644 · Management $1,151 · Fundraising $2,302$115,097
IX-11a Management feesManagement $75,829$75,829
IX-11c Accounting feesManagement $22,700$22,700
IX-11g Other fees for servicesPrograms $129,322 · Management $43,797$173,119
IX-16 OccupancyPrograms $161,909 · Management $6,391 · Fundraising $2,130$170,430
IX-20 InterestPrograms $732,212 · Management $28,903 · Fundraising $9,634$770,749
IX-22 Depreciation, depletion and amortizationPrograms $192,702 · Management $7,607 · Fundraising $2,536$202,845
IX-24 Other expenses (24a–d)Programs $827,639 · Management $4,395 · Fundraising $1,465$833,499
IX-25 Total functional expensesPrograms $3,474,050 · Management $204,367 · Fundraising $45,255$3,723,672
Part X · Balance sheet $9,233,855 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $213,134$493,218
X-2 Savings and temporary cash investmentsStart of year $131,257$511,422
X-4 Accounts receivableStart of year $5,594$1,551
X-9 Prepaid expenses and deferred charges$4,521
X-10c Land, buildings and equipment, netStart of year $7,853,570$7,755,712
X-15 Other assetsStart of year $2,013,869$467,431
X-16 Total assetsStart of year $10,217,424$9,233,855
X-17 Accounts payable and accrued expensesStart of year $39,945$746,307
X-26 Total liabilitiesStart of year $10,836,872$10,345,761
X-27 Net assets without donor restrictionsStart of year −$670,992−$1,333,111
X-28 Net assets with donor restrictionsStart of year $51,544$221,205
X-32 Total net assets or fund balancesStart of year −$619,448−$1,111,906
X-33 Total liabilities and net assetsStart of year $10,217,424$9,233,855
Part XI · Reconciliation of net assets −$1,111,906 net assets at year end
XI-1 Total revenue$3,608,598
XI-2 Total expenses$3,723,672
XI-3 Revenue less expenses−$115,074
XI-4 Net assets at start of year−$619,448
XI-8 Prior period adjustments−$377,384
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,111,906

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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