Great Expectations Academy INC

Tax-deductible

Sahuarita, AZ501(c)(3)Since 1999EducationEIN 86-0956007

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To prepare students to become competent, literate, productive citizens

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$263K 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

FY2024 · 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 $60K a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$263K
to officers and key staff · 12% of spending
Top officer’s pay higher than 65% of similar orgs
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $163
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$272K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
-13% vs prior year
Spent
$2.2M
To programs
77%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$2.2M
FY2024▼ -13%
Revenue by fiscal year
FY2020$2.6M
FY2021$2.6M
FY2022$3.0M
FY2023$2.6M
FY2024$2.5M
FY2024$2.2M
Expenses
$2.2M
FY2024▼ -10%
Expenses by fiscal year
FY2020$2.5M
FY2021$2.6M
FY2022$2.8M
FY2023$2.7M
FY2024$2.5M
FY2024$2.2M
Net assets
$1.5M
FY2024▼ -4%
Net assets by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.6M
FY2023$1.5M
FY2024$1.6M
FY2024$1.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2000.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $1.7M Management & general 23% · $506K

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

6 people listed on the 990; $263K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$151,185Pt VII · Sec A
Vice Preside
$112,296Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mark Phillips’s $151K as President is at the 65th 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Mark Phillips$151,185$118,585$115,964$105,514$100,641$91,805
Jeannette Big—$118,999$109,486$99,385$94,632$85,914
Jeanette Big$112,296—————
Lara Smith————$24,695—

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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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 15aNo

Programs and updates

Equips students with skills for competent, literate, and productive citizenship.

Provided by the organization

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1 program service account for $1.7M of program spending, described in the organization's own filed words · FY2024.
01

The school provides students with a sense of belonging, self-determination and competence, while promoting trust through good relationships and communication. The school provides educational services to kindergarten through eighth grade.

$1.7Mprogram 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 · FY2023
Total grants receivedfrom 1 funder$163

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Gifts and grantsLn 1h$2.1M
Investment incomeLn 3$39K
Fees for servicesLn 2g$643
Money outPt IX
$2.2M
Ln 25
Programscol B$1.7M
Managementcol C$506K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$729K
Total assetsLn 16$1.8M
LiabilitiesLn 26$272K
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Government grantsLn 1e$2.1M
Fees for servicesLn 2g$643
Investment incomeLn 3$39K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$729K
Cash and savings togetherLn 1–2$729K
Land, buildings, equipmentLn 10c$970K
Total assetsLn 16$1.8M
LiabilitiesLn 26$272K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 540
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$649K$729K
Land, buildings, equipmentLn 10c$999K$970K
Total assetsLn 16$1.8M$1.8M
LiabilitiesLn 26$275K$272K
Net assetsLn 32$1.6M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$309K$247K$62K
Other salaries and wagesLn 7$1.0M$820K$205K
Pension plan contributionsLn 8$164K$131K$33K
Other employee benefitsLn 9$100K$89K$11K
Payroll taxesLn 10$102K$82K$20K
Legal feesLn 11b$500$500
Accounting feesLn 11c$77K$77K
Other fees for servicesLn 11g$232K$136K$96K
Advertising and promotionLn 12$989$989
Office expensesLn 13$97K$97K$184
OccupancyLn 16$50K$50K
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$64K$64K
Other expenses (24a–d)Ln 24$2K$315$1K
Total functional expensesLn 25$2.2M$1.7M$506K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.5M$2.5M$27K$1.6M 990 PDF
FY2023 $2.6M$2.7M−$17K$1.5M 990 PDF
FY2022 $3.0M$2.8M$183K$1.6M 990 PDF
FY2021 $2.6M$2.6M$43K$1.4M 990 PDF
FY2020 $2.6M$2.5M$65K$1.3M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,167,901 across 6 lines filed
VIII-1e Government grants$2,124,214
VIII-1f All other contributions, gifts and grants$3,650
VIII-1h Total contributions, gifts and grants$2,127,864
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $643$643
VIII-3 Investment incomeRelated to mission $39,394$39,394
VIII-12 Total revenueRelated to mission $40,037$2,167,901
Part IX · Statement of functional expenses $2,228,883 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $247,436 · Management $61,859$309,295
IX-7 Other salaries and wagesPrograms $820,478 · Management $204,800$1,025,278
IX-8 Pension plan contributionsPrograms $131,033 · Management $32,719$163,752
IX-9 Other employee benefitsPrograms $89,280 · Management $11,085$100,365
IX-10 Payroll taxesPrograms $81,695 · Management $20,399$102,094
IX-11b Legal feesManagement $500$500
IX-11c Accounting feesManagement $77,446$77,446
IX-11g Other fees for servicesPrograms $136,174 · Management $95,612$231,786
IX-12 Advertising and promotionPrograms $989$989
IX-13 Office expensesPrograms $96,521 · Management $184$96,705
IX-16 OccupancyPrograms $49,899$49,899
IX-20 InterestPrograms $4,954$4,954
IX-22 Depreciation, depletion and amortizationPrograms $64,119$64,119
IX-24 Other expenses (24a–d)Programs $315 · Management $1,386$1,701
IX-25 Total functional expensesPrograms $1,722,893 · Management $505,990 · Fundraising $0$2,228,883
Part X · Balance sheet $1,780,609 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $649,271$728,659
X-3 Pledges and grants receivableStart of year $34,120$82,326
X-10c Land, buildings and equipment, netStart of year $999,220$969,624
X-16 Total assetsStart of year $1,844,923$1,780,609
X-17 Accounts payable and accrued expensesStart of year $195,088$218,179
X-25 Other liabilitiesStart of year $11,729$53,599
X-26 Total liabilitiesStart of year $275,110$271,778
X-27 Net assets without donor restrictionsStart of year $1,569,813$1,508,831
X-32 Total net assets or fund balancesStart of year $1,569,813$1,508,831
X-33 Total liabilities and net assetsStart of year $1,844,923$1,780,609
Part XI · Reconciliation of net assets $1,508,831 net assets at year end
XI-1 Total revenue$2,167,901
XI-2 Total expenses$2,228,883
XI-3 Revenue less expenses−$60,982
XI-4 Net assets at start of year$1,569,813
XI-10 Net assets at end of year$1,508,831

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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