Arches Academy FY2020 filing

Tax-deductible

Apache Jct, AZ501(c)(3)EducationEIN 90-0973075

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The School operates a public charter school in Apache Junction, Arizona.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$41K 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $13K a year · 2% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$41K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$179K
291% of total assets
Concern: liabilities are 291% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$336K
Spent
$410K
To programs
75%
Net assets
−$117K
By yearFY2020–FY2023
Revenue
$336K
FY2020
Revenue by fiscal year
FY2020$336K
FY2021$739K
FY2022$812K
FY2023$582K
Expenses
$410K
FY2020
Expenses by fiscal year
FY2020$410K
FY2021$593K
FY2022$815K
FY2023$703K
Net assets
−$117K
FY2020
Net assets by fiscal year
FY2020−$117K
FY2021$28K
FY2022$25K
FY2023−$97K

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

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Is it real?

Yes. Exemption reinstated (2015-11-15). Per the IRS revocation list. Latest filing on record: FY2023. IRS ruling in May 2020.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $308K Management & general 25% · $102K

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

8 people listed on the 990; $41K 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
$41,387Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Michelle Edwards’s $53K as President is at the 45th 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 · 3 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Michelle Edwards$53,200$53,178$47,300$41,387
Jessica Droppo$39,958$40,528——
Willetta Wooten—$16,318——

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 15aYes

Programs and updates

Operates a public charter school in Apache Junction, Arizona.

Provided by the organization

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1 program · $308K · in their own filed words · FY2019
01

The School educated students in Apache Junction and surrounding areas during the 2019-20 school year.

$308Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$336K
Ln 12
Gifts and grantsLn 1h$328K
Other incomeLn 4–11$6K
Fees for servicesLn 2g$2K
Money outPt IX
$410K
Ln 25
Programscol B$308K
Managementcol C$102K
Owns and owesPt X
−$117K
net assets · Ln 32
Cash and savingsLn 1–2$50K
Total assetsLn 16$61K
LiabilitiesLn 26$179K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$328K
Government grantsLn 1e$327K
Fundraising eventsLn 1c$1K
Fees for servicesLn 2g$2K
Other incomeLn 4–11$6K
Total revenueLn 12$336K
Assets in detailPt X, end of year
CashLn 1$50K
Cash and savings togetherLn 1–2$50K
Other assetsLn 15$8K
Total assetsLn 16$61K
LiabilitiesLn 26$179K
Net assetsLn 32−$117K
OperationsPt I, VI
EmployeesI 57
VolunteersI 65
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$5K$50K
Total assetsLn 16$5K$61K
LiabilitiesLn 26$49K$179K
Net assetsLn 32−$44K−$117K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$41K$41K
Other salaries and wagesLn 7$122K$87K$35K
Payroll taxesLn 10$15K$12K$3K
Legal feesLn 11b$150$150
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$64K$49K$15K
Advertising and promotionLn 12$2K$2K
OccupancyLn 16$92K$72K$19K
InterestLn 20$12K$9K$3K
Other expenses (24a–d)Ln 24$48K$27K$21K
All other expensesLn 24e$11K$10K$533
Total functional expensesLn 25$410K$308K$102K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $582K$703K−$121K−$97K 990 PDF
FY2022 $812K$815K−$3K$25K 990 PDF
FY2021 $739K$593K$145K$28K 990 PDF
FY2020 Viewing $336K$410K−$73K−$117K 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 $336,319 across 5 lines filed
Lines not itemized here account for $6,092 of total revenue; see the IRS return.
VIII-1c Fundraising events$1,016
VIII-1e Government grants$327,411
VIII-1h Total contributions, gifts and grants$328,427
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,800$1,800
VIII-12 Total revenueRelated to mission $7,892 · Unrelated business $0 · Excluded from tax $0$336,319
Part IX · Statement of functional expenses $409,685 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $41,387$41,387
IX-7 Other salaries and wagesPrograms $87,290 · Management $34,650$121,940
IX-10 Payroll taxesPrograms $11,507 · Management $3,098$14,605
IX-11b Legal feesManagement $150$150
IX-11c Accounting feesManagement $3,042$3,042
IX-11g Other fees for servicesPrograms $49,230 · Management $14,743$63,973
IX-12 Advertising and promotionManagement $2,034$2,034
IX-16 OccupancyPrograms $72,383 · Management $19,491$91,874
IX-20 InterestPrograms $9,430 · Management $2,539$11,969
IX-24 Other expenses (24a–d)Programs $26,696 · Management $21,358$48,054
IX-24e All other expensesPrograms $10,124 · Management $533$10,657
IX-25 Total functional expensesPrograms $308,047 · Management $101,638 · Fundraising $0$409,685
Part X · Balance sheet $61,463 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $5,452$50,340
X-3 Pledges and grants receivable$2,356
X-8 Inventories for sale or use$767
X-15 Other assets$8,000
X-16 Total assetsStart of year $5,452$61,463
X-17 Accounts payable and accrued expenses$6,366
X-24 Unsecured notes and loans payableStart of year $49,472$172,483
X-26 Total liabilitiesStart of year $49,472$178,849
X-27 Net assets without donor restrictionsStart of year −$44,020−$118,940
X-28 Net assets with donor restrictions$1,554
X-32 Total net assets or fund balancesStart of year −$44,020−$117,386
X-33 Total liabilities and net assetsStart of year $5,452$61,463
Part XI · Reconciliation of net assets −$117,386 net assets at year end
XI-1 Total revenue$336,319
XI-2 Total expenses$409,685
XI-3 Revenue less expenses−$73,366
XI-4 Net assets at start of year−$44,020
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$117,386

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

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