Kestrel Schools INC FY2021 filing

Tax-deductible

Tempe, AZ501(c)(3)Since 2000EducationEIN 86-0969887Revenue $353K in FY2021

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.
63¢ of each $1 spent went to programs.
$19K 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

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
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
5 of 5
filings with a surplus
Average surplus $252K a year · 60% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$19K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
93 mo
of spending, in cash
Looks good: 93.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$18K
2% of total assets
Looks good: liabilities are 2% 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
$353K
+12% vs prior year
Spent
$142K
To programs
63%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$353K
FY2021▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$315K
FY2021$353K
FY2022$419K
FY2023$509K
FY2024$488K
FY2024$540K
Expenses
$142K
FY2021▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$156K
FY2021$142K
FY2022$174K
FY2023$159K
FY2024$194K
FY2024$188K
Net assets
$1.1M
FY2021▲ +24%
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
FY2024$2.3M

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 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 Sep 2000.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $90K Management & general 37% · $52K

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; $19K 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
President/Ex
$18,692Pt 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
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.

See Kestrel Schools INC 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 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 · $90K · in their own filed words · FY2020
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 2020-2021 school year.

$90Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$353K
Ln 12
Gifts and grantsLn 1h$334K
Other incomeLn 4–11$16K
Investment incomeLn 3$4K
Money outPt IX
$142K
Ln 25
Programscol B$90K
Managementcol C$52K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$18K
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$334K
Government grantsLn 1e$334K
Investment incomeLn 3$4K
Other incomeLn 4–11$16K
Total revenueLn 12$353K
Assets in detailPt X, end of year
CashLn 1$243K
SavingsLn 2$861K
Cash and savings togetherLn 1–2$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$18K
Net assetsLn 32$1.1M
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 FY21End FY21
Cash and savingsLn 1–2$899K$1.1M
Total assetsLn 16$919K$1.1M
LiabilitiesLn 26$26K$18K
Net assetsLn 32$892K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$19K$4K$15K
Other salaries and wagesLn 7$36K$36K
Other employee benefitsLn 9$561$552$9
Payroll taxesLn 10$4K$3K$1K
Accounting feesLn 11c$27K$27K
Other fees for servicesLn 11g$18K$18K$100
Advertising and promotionLn 12$479$479
Office expensesLn 13$11K$4K$7K
OccupancyLn 16$22K$20K$1K
InsuranceLn 23$4K$4K
Total functional expensesLn 25$142K$90K$52K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
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 Viewing $353K$142K$211K$1.1M 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $353,088 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $305,450$333,645
I-9 Program service revenue$0
I-10 Investment incomePrior year $9,932$3,881
I-11 Other revenue$15,562
I-12 Total revenuePrior year $315,382$353,088
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $65,265$59,843
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $90,282$82,180
I-18 Total expensesPrior year $155,547$142,023
I-19 Revenue less expensesPrior year $159,835$211,065
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 $353,088 across 5 lines filed
VIII-1e Government grants$333,645
VIII-1h Total contributions, gifts and grants$333,645
VIII-3 Investment incomeExcluded from tax $3,881$3,881
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,562$15,562
VIII-12 Total revenueRelated to mission $15,562 · Excluded from tax $3,881$353,088
Part IX · Statement of functional expenses $142,023 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $3,738 · Management $14,954$18,692
IX-7 Other salaries and wagesPrograms $36,457$36,457
IX-9 Other employee benefitsPrograms $552 · Management $9$561
IX-10 Payroll taxesPrograms $3,075 · Management $1,058$4,133
IX-11c Accounting feesManagement $27,150$27,150
IX-11g Other fees for servicesPrograms $18,000 · Management $100$18,100
IX-12 Advertising and promotionManagement $479$479
IX-13 Office expensesPrograms $4,088 · Management $6,927$11,015
IX-16 OccupancyPrograms $20,343 · Management $1,299$21,642
IX-23 InsurancePrograms $3,794$3,794
IX-25 Total functional expensesPrograms $90,047 · Management $51,976 · Fundraising $0$142,023
Part X · Balance sheet $1,121,122 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $67,393$243,124
X-2 Savings and temporary cash investmentsStart of year $831,700$860,629
X-3 Pledges and grants receivableStart of year $15,300$15,866
X-9 Prepaid expenses and deferred chargesStart of year $4,146$1,503
X-16 Total assetsStart of year $918,539$1,121,122
X-17 Accounts payable and accrued expensesStart of year $11,629$17,984
X-26 Total liabilitiesStart of year $26,466$17,984
X-27 Net assets without donor restrictionsStart of year $892,073$1,103,138
X-32 Total net assets or fund balancesStart of year $892,073$1,103,138
X-33 Total liabilities and net assetsStart of year $918,539$1,121,122
Part XI · Reconciliation of net assets $1,103,138 net assets at year end
XI-1 Total revenue$353,088
XI-2 Total expenses$142,023
XI-3 Revenue less expenses$211,065
XI-4 Net assets at start of year$892,073
XI-10 Net assets at end of year$1,103,138

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

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