Kestrel Schools INC FY2023 filing

Tax-deductible

Tempe, AZ501(c)(3)Since 2000EducationEIN 86-0969887Revenue $509K in FY2023

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.
69¢ of each $1 spent went to programs.
$35K 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

FY2023 · 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
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$35K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
63 mo
of spending, in cash
Looks good: 63.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$22K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 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
$509K
+21% vs prior year
Spent
$159K
To programs
69%
Net assets
$1.7M
By yearFY2020–FY2025
Revenue
$509K
FY2023▲ +21%
Tap a bar for its year
Revenue by fiscal year
FY2020$315K
FY2021$353K
FY2022$419K
FY2023$509K
FY2024$488K
FY2025$540K
Expenses
$159K
FY2023▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$156K
FY2021$142K
FY2022$174K
FY2023$159K
FY2024$194K
FY2025$188K
Net assets
$1.7M
FY2023▲ +26%
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 FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 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

69 cents of each dollar spent went to programs.

Program services 69% · $110K Management & general 31% · $49K

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; $35K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President/Ex
$35,484Pt VII · Sec A
$0Pt VII · Sec A
Director
$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 2Yes
  • 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 · $110K · in their own filed words · FY2022
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 2022-2023 school year.

$110Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$509K
Ln 12
Gifts and grantsLn 1h$476K
Investment incomeLn 3$33K
Money outPt IX
$159K
Ln 25
Programscol B$110K
Managementcol C$49K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$839K
Total assetsLn 16$1.7M
LiabilitiesLn 26$22K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$476K
Government grantsLn 1e$476K
Investment incomeLn 3$33K
Total revenueLn 12$509K
Assets in detailPt X, end of year
CashLn 1$221K
SavingsLn 2$618K
Cash and savings togetherLn 1–2$839K
InvestmentsLn 11–13$820K
Total assetsLn 16$1.7M
LiabilitiesLn 26$22K
Net assetsLn 32$1.7M
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 FY23End FY23
Cash and savingsLn 1–2$1.3M$839K
InvestmentsLn 11–13$820K
Total assetsLn 16$1.4M$1.7M
LiabilitiesLn 26$15K$22K
Net assetsLn 32$1.3M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$35K$21K$14K
Other salaries and wagesLn 7$32K$32K
Other employee benefitsLn 9$730$730
Payroll taxesLn 10$5K$4K$1K
Accounting feesLn 11c$28K$28K
Other fees for servicesLn 11g$22K$22K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$11K$10K$498
OccupancyLn 16$17K$16K$840
TravelLn 17$463$463
InsuranceLn 23$4K$4K
Total functional expensesLn 25$159K$110K$49K$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 Viewing $509K$159K$350K$1.7M 990 PDF
FY2022 $419K$174K$245K$1.3M 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $508,822 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $418,247$475,614
I-9 Program service revenue$0
I-10 Investment incomePrior year $96$33,208
I-11 Other revenuePrior year $668$0
I-12 Total revenuePrior year $419,011$508,822
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $74,330$72,792
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $99,965$85,924
I-18 Total expensesPrior year $174,295$158,716
I-19 Revenue less expensesPrior year $244,716$350,106
Part VI · Governance 3 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $508,822 across 4 lines filed
VIII-1e Government grants$475,614
VIII-1h Total contributions, gifts and grants$475,614
VIII-3 Investment incomeExcluded from tax $33,208$33,208
VIII-12 Total revenueExcluded from tax $33,208$508,822
Part IX · Statement of functional expenses $158,716 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $21,290 · Management $14,194$35,484
IX-7 Other salaries and wagesPrograms $31,952$31,952
IX-9 Other employee benefitsPrograms $730$730
IX-10 Payroll taxesPrograms $3,540 · Management $1,086$4,626
IX-11c Accounting feesManagement $28,110$28,110
IX-11g Other fees for servicesPrograms $22,300$22,300
IX-12 Advertising and promotionManagement $3,440$3,440
IX-13 Office expensesPrograms $10,469 · Management $498$10,967
IX-16 OccupancyPrograms $15,960 · Management $840$16,800
IX-17 TravelManagement $463$463
IX-23 InsurancePrograms $3,844$3,844
IX-25 Total functional expensesPrograms $110,085 · Management $48,631 · Fundraising $0$158,716
Part X · Balance sheet $1,719,633 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $122,566$221,016
X-2 Savings and temporary cash investmentsStart of year $1,185,724$617,986
X-3 Pledges and grants receivableStart of year $51,666$57,863
X-4 Accounts receivable$278
X-9 Prepaid expenses and deferred chargesStart of year $3,183$2,744
X-11 Publicly traded securities$819,746
X-16 Total assetsStart of year $1,363,139$1,719,633
X-17 Accounts payable and accrued expensesStart of year $15,285$21,673
X-26 Total liabilitiesStart of year $15,285$21,673
X-27 Net assets without donor restrictionsStart of year $1,347,854$1,697,960
X-32 Total net assets or fund balancesStart of year $1,347,854$1,697,960
X-33 Total liabilities and net assetsStart of year $1,363,139$1,719,633
Part XI · Reconciliation of net assets $1,697,960 net assets at year end
XI-1 Total revenue$508,822
XI-2 Total expenses$158,716
XI-3 Revenue less expenses$350,106
XI-4 Net assets at start of year$1,347,854
XI-10 Net assets at end of year$1,697,960

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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