Ed Ahead INC FY2020 filing

Tax-deductible

Tucson, AZ501(c)(3)Since 1962EIN 86-6053208

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Academy Adventures Midtown is based on the philosophy that each child grows physically, emotionally and intellectually in diverse ways and at different rates. We address differences by providing student appropriate activities, experimental learning, diverse learning centers, high teacher/student interactivity, and by use of a multi-age, multi-grade environment.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
$98K 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
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
2 of 5
filings with a surplus
Average surplus $9K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$98K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$153K
53% of total assets
Fine: liabilities are 53% of assets; 50% to 65%.
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
$415K
Spent
$473K
To programs
71%
Net assets
$135K
By yearFY2020–FY2024
Revenue
$415K
FY2020
Revenue by fiscal year
FY2020$415K
FY2021$512K
FY2022$606K
FY2023$696K
FY2024$434K
FY2024$506K
Expenses
$473K
FY2020
Expenses by fiscal year
FY2020$473K
FY2021$491K
FY2022$606K
FY2023$542K
FY2024$509K
FY2024$385K
Net assets
$135K
FY2020
Net assets by fiscal year
FY2020$135K
FY2021$156K
FY2022$156K
FY2023$312K
FY2024$237K
FY2024$358K

From the FY2020 Form 990 (year ending June 2020) · 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 1961.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $335K Management & general 29% · $137K

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; $98K 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/Director
$98,125Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
John T Penczar$104,998—$102,969$86,659$90,000$98,125
John T Penczar—$89,211————

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 15aYes
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

Empowers low-income families to build on their strengths in a safe, nurturing environment.

Provided by the organization

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1 program service account for $335K of program spending, described in the organization's own filed words · FY2019.
01

Provide the highest level of charter school education beginning with grades k-5 to over 60 students.

$335Kprogram 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$16

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$415K
Ln 12
Gifts and grantsLn 1h$413K
Other incomeLn 4–11$2K
Investment incomeLn 3$125
Money outPt IX
$473K
Ln 25
Programscol B$335K
Managementcol C$137K
Owns and owesPt X
$135K
net assets · Ln 32
Cash and savingsLn 1–2$32K
Total assetsLn 16$288K
LiabilitiesLn 26$153K
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$413K
Government grantsLn 1e$392K
Investment incomeLn 3$125
Other incomeLn 4–11$2K
Total revenueLn 12$415K
Assets in detailPt X, end of year
CashLn 1$32K
Cash and savings togetherLn 1–2$32K
Land, buildings, equipmentLn 10c$252K
Total assetsLn 16$288K
LiabilitiesLn 26$153K
Net assetsLn 32$135K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$87K$32K
Land, buildings, equipmentLn 10c$259K$252K
Total assetsLn 16$364K$288K
LiabilitiesLn 26$171K$153K
Net assetsLn 32$193K$135K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$339K$247K$92K
Accounting feesLn 11c$15K$15K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$26$26
OccupancyLn 16$16K$11K$5K
TravelLn 17$548$548
InterestLn 20$9K$8K$998
Depreciation, depletion and amortizationLn 22$13K$12K$130
InsuranceLn 23$12K$2K$10K
Other expenses (24a–d)Ln 24$55K$48K$7K
All other expensesLn 24e$12K$6K$5K
Total functional expensesLn 25$473K$335K$137K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $434K$509K−$74K$237K 990 PDF
FY2023 $696K$542K$155K$312K 990 PDF
FY2022 $606K$606K−$269$156K 990 PDF
FY2021 $512K$491K$21K$156K 990 PDF
FY2020 Viewing $415K$473K−$58K$135K 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 (4 parts)
Part VIII · Statement of revenue $415,069 across 6 lines filed
VIII-1e Government grants$392,209
VIII-1f All other contributions, gifts and grants$20,353
VIII-1h Total contributions, gifts and grants$412,562
VIII-3 Investment incomeExcluded from tax $125$125
VIII-8 Net income from fundraising eventsExcluded from tax $2,382$2,382
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,507$415,069
Part IX · Statement of functional expenses $472,796 across 11 lines filed
IX-7 Other salaries and wagesPrograms $247,115 · Management $91,503$338,618
IX-11c Accounting feesManagement $15,151$15,151
IX-12 Advertising and promotionManagement $1,909$1,909
IX-13 Office expensesManagement $26$26
IX-16 OccupancyPrograms $11,488 · Management $4,853$16,341
IX-17 TravelPrograms $548$548
IX-20 InterestPrograms $7,536 · Management $998$8,534
IX-22 Depreciation, depletion and amortizationPrograms $12,477 · Management $130$12,607
IX-23 InsurancePrograms $1,554 · Management $10,487$12,041
IX-24 Other expenses (24a–d)Programs $48,187 · Management $7,110$55,297
IX-24e All other expensesPrograms $6,491 · Management $5,233$11,724
IX-25 Total functional expensesPrograms $335,396 · Management $137,400 · Fundraising $0$472,796
Part X · Balance sheet $288,055 assets, 11 lines filed
Asset lines not itemized here account for $41; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $87,177$31,572
X-4 Accounts receivableStart of year $16,429$3,185
X-10c Land, buildings and equipment, netStart of year $258,631$252,454
X-14 Intangible assetsStart of year $963$803
X-16 Total assetsStart of year $364,038$288,055
X-17 Accounts payable and accrued expensesStart of year $4,566$5,004
X-26 Total liabilitiesStart of year $171,320$153,064
X-27 Net assets without donor restrictionsStart of year $176,829$120,488
X-28 Net assets with donor restrictionsStart of year $15,889$14,503
X-32 Total net assets or fund balancesStart of year $192,718$134,991
X-33 Total liabilities and net assetsStart of year $364,038$288,055
Part XI · Reconciliation of net assets $134,991 net assets at year end
XI-1 Total revenue$415,069
XI-2 Total expenses$472,796
XI-3 Revenue less expenses−$57,727
XI-4 Net assets at start of year$192,718
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$134,991

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

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