Kestrel Schools INC FY2020 filing

Tax-deductible

Tempe, AZ501(c)(3)Since 2000EducationEIN 86-0969887Revenue $315K in FY2020

On file with the IRSkestrelhighschool.com2150 E Southern Ave, 85282-7504 · Tempe, AZTax-exempt since Sep 2000School — 170(b)(1)(A)(ii)

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Education - the school's mission is to provide quality educational opportunities by recognizing individual student needs.

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
$18K 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

FY2020 · 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
6 of 6
filings with a surplus
Average surplus $269K a year · 61% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$18K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
69 mo
of spending, in cash
Looks good: 69.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$26K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 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
$315K
Spent
$156K
To programs
61%
Net assets
$892K
By yearFY2020–FY2025
Revenue
$315K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$315K
FY2021$353K
FY2022$419K
FY2023$509K
FY2024$488K
FY2025$540K
Expenses
$156K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$156K
FY2021$142K
FY2022$174K
FY2023$159K
FY2024$194K
FY2025$188K
Net assets
$892K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$892K
FY2021$1.1M
FY2022$1.3M
FY2023$1.7M
FY2024$2.0M
FY2025$2.3M

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 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 Sep 2000.

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

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $95K Management & general 39% · $61K

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

5 people listed on the 990; $18K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President/Ex
$18,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Steve Durand’s $55K as President/Ex is at the 47th percentile of top reported officer pay among 1613 $100K–1M 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Steve Durand$55,106$39,354$35,484$34,000$18,692$18,000

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

Provides quality education by recognizing individual student needs.

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Provided by the organization

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1 program · $95K · in their own filed words · FY2019
01

The charter school encourages self-empowerment by teaching the intellectual and social skills necessary to meet the challenges of our society. The school served approximately 30 high school students in tempe, arizona during the 2019-2020 school year.

$95Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$315K
Ln 12
Gifts and grantsLn 1h$305K
Investment incomeLn 3$10K
Money outPt IX
$156K
Ln 25
Programscol B$95K
Managementcol C$61K
Owns and owesPt X
$892K
net assets · Ln 32
Cash and savingsLn 1–2$899K
Total assetsLn 16$919K
LiabilitiesLn 26$26K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$305K
Government grantsLn 1e$305K
Investment incomeLn 3$10K
Total revenueLn 12$315K
Assets in detailPt X, end of year
CashLn 1$67K
SavingsLn 2$832K
Cash and savings togetherLn 1–2$899K
Total assetsLn 16$919K
LiabilitiesLn 26$26K
Net assetsLn 32$892K
OperationsPt I, VI
EmployeesI 54
VolunteersI 64
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 FY20End FY20
Cash and savingsLn 1–2$709K$899K
Total assetsLn 16$738K$919K
LiabilitiesLn 26$6K$26K
Net assetsLn 32$732K$892K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$18K$4K$14K
Other salaries and wagesLn 7$40K$38K$2K
Other employee benefitsLn 9$2K$2K$643
Payroll taxesLn 10$4K$3K$1K
Accounting feesLn 11c$32K$32K
Other fees for servicesLn 11g$22K$19K$3K
Advertising and promotionLn 12$344$344
Office expensesLn 13$8K$2K$6K
OccupancyLn 16$23K$22K$1K
InsuranceLn 23$4K$4K
Total functional expensesLn 25$156K$95K$61K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $540K$188K$352K$2.3M 990 PDF
FY2024 $488K$194K$294K$2.0M 990 PDF
FY2023 $509K$159K$350K$1.7M 990 PDF
FY2022 $419K$174K$245K$1.3M 990 PDF
FY2021 $353K$142K$211K$1.1M 990 PDF
FY2020 Viewing $315K$156K$160K$892K 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 FY2020 990 (6 parts)
Part I · Summary $315,382 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $303,962$305,450
I-9 Program service revenue$0
I-10 Investment incomePrior year $5,701$9,932
I-11 Other revenuePrior year $526$0
I-12 Total revenuePrior year $310,189$315,382
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $74,238$65,265
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $99,399$90,282
I-18 Total expensesPrior year $173,637$155,547
I-19 Revenue less expensesPrior year $136,552$159,835
Part VI · Governance 4 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $315,382 across 4 lines filed
VIII-1e Government grants$305,450
VIII-1h Total contributions, gifts and grants$305,450
VIII-3 Investment incomeExcluded from tax $9,932$9,932
VIII-12 Total revenueExcluded from tax $9,932$315,382
Part IX · Statement of functional expenses $155,547 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $3,600 · Management $14,400$18,000
IX-7 Other salaries and wagesPrograms $38,488 · Management $1,906$40,394
IX-9 Other employee benefitsPrograms $1,761 · Management $643$2,404
IX-10 Payroll taxesPrograms $3,220 · Management $1,247$4,467
IX-11c Accounting feesManagement $31,784$31,784
IX-11g Other fees for servicesPrograms $19,394 · Management $2,869$22,263
IX-12 Advertising and promotionManagement $344$344
IX-13 Office expensesPrograms $2,077 · Management $6,389$8,466
IX-16 OccupancyPrograms $22,095 · Management $1,371$23,466
IX-23 InsurancePrograms $3,959$3,959
IX-25 Total functional expensesPrograms $94,594 · Management $60,953 · Fundraising $0$155,547
Part X · Balance sheet $918,539 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $141,731$67,393
X-2 Savings and temporary cash investmentsStart of year $567,134$831,700
X-3 Pledges and grants receivableStart of year $24,936$15,300
X-9 Prepaid expenses and deferred chargesStart of year $4,594$4,146
X-16 Total assetsStart of year $738,395$918,539
X-17 Accounts payable and accrued expensesStart of year $6,157$11,629
X-26 Total liabilitiesStart of year $6,157$26,466
X-27 Net assets without donor restrictionsStart of year $732,238$892,073
X-32 Total net assets or fund balancesStart of year $732,238$892,073
X-33 Total liabilities and net assetsStart of year $738,395$918,539
Part XI · Reconciliation of net assets $892,073 net assets at year end
XI-1 Total revenue$315,382
XI-2 Total expenses$155,547
XI-3 Revenue less expenses$159,835
XI-4 Net assets at start of year$732,238
XI-10 Net assets at end of year$892,073

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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