Calibre Academy INC

Tax-deductible

Surprise, AZ501(c)(3)Since 2000EducationEIN 86-1003326

Organization's mission: to accept each student as a unique individual and develop as a whole person. Calibre will provide a quality education which ensures each student a solid foundation with strong academic skills and creates a safe learning environment. To expand international awareness and intercultural understanding through literature, art, music and foreign language. Lastly, to increase each student's confidence, encourage character development, instill a desire to be a life long learner and to become a contributing member of society.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
3 of 5
filings with a surplus
Average surplus $522K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $125
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$12.5M
97% of total assets
Concern: liabilities are 97% of assets; over 80%.
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
$6.5M
-18% vs prior year
Spent
$6.1M
To programs
68%
Net assets
$381K
By yearFY2020–FY2024
Revenue
$6.5M
FY2024▼ -18%
Revenue by fiscal year
FY2020$4.7M
FY2021$5.3M
FY2022$5.8M
FY2023$6.3M
FY2024$7.9M
FY2024$6.5M
Expenses
$6.1M
FY2024▼ -4%
Expenses by fiscal year
FY2020$4.9M
FY2021$4.9M
FY2022$6.0M
FY2023$5.3M
FY2024$6.3M
FY2024$6.1M
Net assets
$381K
FY2024▲ +669%
Net assets by fiscal year
FY2020−$2.9M
FY2021−$2.5M
FY2022−$2.7M
FY2023−$1.7M
FY2024−$67K
FY2024$381K

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

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2003.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $4.1M Management & general 32% · $1.9M

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Calibre Academy 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students academically and culturally, fostering confidence and lifelong learning.

Provided by the organization

This section is blank until Calibre Academy INC claims this page.

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1 program service account for $4.1M of program spending, described in the organization's own filed words · FY2024.
01

The school operates a public elementary charter school

$4.1Mprogram 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 · FY2020
Total grants receivedfrom 2 funders$125

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$6.5M
Ln 12
Gifts and grantsLn 1h$5.8M
Fees for servicesLn 2g$380K
Other incomeLn 4–11$318K
Money outPt IX
$6.1M
Ln 25
Programscol B$4.1M
Managementcol C$1.9M
Owns and owesPt X
$381K
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$12.9M
LiabilitiesLn 26$12.5M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.8M
Government grantsLn 1e$5.8M
Fees for servicesLn 2g$380K
Other incomeLn 4–11$318K
Gains on assetsLn 7$0
Total revenueLn 12$6.5M
Assets in detailPt X, end of year
CashLn 1$2.0M
SavingsLn 2$0
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$507K
Land, buildings, equipmentLn 10c$9.6M
Other assetsLn 15$0
Total assetsLn 16$12.9M
LiabilitiesLn 26$12.5M
Net assetsLn 32$381K
OperationsPt I, VI
EmployeesI 578
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.7M$2.0M
InvestmentsLn 11–13$507K
Land, buildings, equipmentLn 10c$9.8M$9.6M
Total assetsLn 16$13.1M$12.9M
LiabilitiesLn 26$13.2M$12.5M
Net assetsLn 32−$67K$381K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$2.8M$2.0M$853K
Pension plan contributionsLn 8$28K$20K$8K
Other employee benefitsLn 9$214K$150K$64K
Payroll taxesLn 10$205K$143K$61K
Management feesLn 11a$0
Legal feesLn 11b$4K$874$3K
Accounting feesLn 11c$55K$5K$49K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$1.2M$747K$426K
Advertising and promotionLn 12$14K$3K$11K
Office expensesLn 13$168K$34K$134K
Information technologyLn 14$41K$35K$6K
RoyaltiesLn 15$0
OccupancyLn 16$8K$7K$1K
TravelLn 17$192K$48K$144K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$396K$336K$59K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$298K$253K$45K
InsuranceLn 23$90K$81K$9K
Other expenses (24a–d)Ln 24$322K$266K$56K
All other expensesLn 24e−$1−$1
Total functional expensesLn 25$6.1M$4.1M$1.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $7.9M$6.3M$1.6M−$67K 990 PDF
FY2023 $6.3M$5.3M$979K−$1.7M 990 PDF
FY2022 $5.8M$6.0M−$159K−$2.7M 990 PDF
FY2021 $5.3M$4.9M$332K−$2.5M 990 PDF
FY2020 $4.7M$4.9M−$193K−$2.9M 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 $6,500,391 across 9 lines filed
VIII-1e Government grants$5,802,931
VIII-1h Total contributions, gifts and grants$5,802,931
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $379,735$379,735
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or lossRelated to mission $317,725$317,725
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $697,460$6,500,391
Part IX · Statement of functional expenses $6,052,810 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $1,991,023 · Management $853,295$2,844,318
IX-8 Pension plan contributionsPrograms $19,606 · Management $8,403$28,009
IX-9 Other employee benefitsPrograms $149,655 · Management $64,138$213,793
IX-10 Payroll taxesPrograms $143,480 · Management $61,491$204,971
IX-11a Management fees$0
IX-11b Legal feesPrograms $874 · Management $3,497$4,371
IX-11c Accounting feesPrograms $5,470 · Management $49,228$54,698
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $747,193 · Management $426,083$1,173,276
IX-12 Advertising and promotionPrograms $2,774 · Management $11,096$13,870
IX-13 Office expensesPrograms $33,534 · Management $134,136$167,670
IX-14 Information technologyPrograms $35,227 · Management $6,217$41,444
IX-15 Royalties$0
IX-16 OccupancyPrograms $6,810 · Management $1,202$8,012
IX-17 TravelPrograms $48,108 · Management $144,323$192,431
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $336,467 · Management $59,376$395,843
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $253,422 · Management $44,722$298,144
IX-23 InsurancePrograms $81,084 · Management $9,009$90,093
IX-24 Other expenses (24a–d)Programs $265,734 · Management $56,134$321,868
IX-24e All other expensesManagement −$1−$1
IX-25 Total functional expensesPrograms $4,120,461 · Management $1,932,349 · Fundraising $0$6,052,810
Part X · Balance sheet $12,898,783 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $1,689,734$2,032,515
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $1,588,359$731,215
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $50,954$52,112
X-10c Land, buildings and equipment, netStart of year $9,779,079$9,576,356
X-11 Publicly traded securities$506,585
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $13,108,126$12,898,783
X-17 Accounts payable and accrued expensesStart of year $134,309$116,904
X-20 Tax-exempt bond liabilitiesStart of year $12,159,319$11,805,920
X-25 Other liabilitiesStart of year $881,396$595,274
X-26 Total liabilitiesStart of year $13,175,024$12,518,098
X-27 Net assets without donor restrictionsStart of year −$214,114$233,469
X-28 Net assets with donor restrictionsStart of year $147,216$147,216
X-32 Total net assets or fund balancesStart of year −$66,898$380,685
X-33 Total liabilities and net assetsStart of year $13,108,126$12,898,783
Part XI · Reconciliation of net assets $380,685 net assets at year end
XI-1 Total revenue$6,500,391
XI-2 Total expenses$6,052,810
XI-3 Revenue less expenses$447,581
XI-4 Net assets at start of year−$66,898
XI-9 Other changes in net assets$2
XI-10 Net assets at end of year$380,685

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

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