Arches Academy FY2022 filing

Tax-deductible

Apache Jct, AZ501(c)(3)EducationEIN 90-0973075Revenue $812K in FY2022

On file with the IRSarches-academy.com1150 W Superstition Blvd, 85120-4043 · Apache Jct, AZTax-exempt since May 2020School — 170(b)(1)(A)(ii)

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

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$110K 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

FY2022 · 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
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$110K
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
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$81K
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
5
of 8 voting members
Looks good: 5 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
$812K
+10% vs prior year
Spent
$815K
To programs
86%
Net assets
$25K
By yearFY2020–FY2023
Revenue
$812K
FY2022▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$336K
FY2021$739K
FY2022$812K
FY2023$582K
Expenses
$815K
FY2022▲ +37%
Tap a bar for its year
Expenses by fiscal year
FY2020$410K
FY2021$593K
FY2022$815K
FY2023$703K
Net assets
$25K
FY2022▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020−$117K
FY2021$28K
FY2022$25K
FY2023−$97K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

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

86 cents of each dollar spent went to programs.

Program services 86% · $698K Management & general 13% · $105K Fundraising 2% · $12K

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

10 people listed on the 990; $110K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$53,178Pt VII · Sec A
$40,528Pt VII · Sec A
$16,318Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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.

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Provided by the organization

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1 program · $698K · in their own filed words · FY2021
01

The School educated students in Apache Junction and surrounding areas during the 2021-22 school year.

$698Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$812K
Ln 12
Gifts and grantsLn 1h$786K
Other incomeLn 4–11$14K
Fees for servicesLn 2g$12K
Money outPt IX
$815K
Ln 25
Programscol B$698K
Managementcol C$105K
Fundraisingcol D$12K
Owns and owesPt X
$25K
net assets · Ln 32
Cash and savingsLn 1–2$30K
Total assetsLn 16$106K
LiabilitiesLn 26$81K
PeoplePt VI, VII
10
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$786K
Government grantsLn 1e$785K
Fundraising eventsLn 1c$909
Fees for servicesLn 2g$12K
Other incomeLn 4–11$14K
Total revenueLn 12$812K
Assets in detailPt X, end of year
CashLn 1$30K
Cash and savings togetherLn 1–2$30K
Land, buildings, equipmentLn 10c$61K
Other assetsLn 15$8K
Total assetsLn 16$106K
LiabilitiesLn 26$81K
Net assetsLn 32$25K
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 FY22End FY22
Cash and savingsLn 1–2$85K$30K
Land, buildings, equipmentLn 10c$13K$61K
Total assetsLn 16$106K$106K
LiabilitiesLn 26$78K$81K
Net assetsLn 32$28K$25K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$74K$58K$8K$8K
Other salaries and wagesLn 7$338K$338K
Payroll taxesLn 10$38K$36K$755$755
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$76K$49K$27K
Advertising and promotionLn 12$3K$3K
OccupancyLn 16$107K$103K$2K$2K
InterestLn 20$14K$13K$276$276
Depreciation, depletion and amortizationLn 22$18K$17K$362$362
Other expenses (24a–d)Ln 24$134K$83K$50K$539
Total functional expensesLn 25$815K$698K$105K$12K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $582K$703K−$121K−$97K 990 PDF
FY2022 Viewing $812K$815K−$3K$25K 990 PDF
FY2021 $739K$593K$145K$28K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $811,976 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $715,375$786,084
I-9 Program service revenuePrior year $23,379$12,192
I-10 Investment income$0
I-11 Other revenue$13,700
I-12 Total revenuePrior year $738,754$811,976
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $327,958$450,259
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $265,491$365,125
I-18 Total expensesPrior year $593,449$815,384
I-19 Revenue less expensesPrior year $145,305−$3,408
Part VI · Governance 5 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $811,976 across 7 lines filed
VIII-1c Fundraising events$909
VIII-1e Government grants$784,850
VIII-1f All other contributions, gifts and grants$325
VIII-1h Total contributions, gifts and grants$786,084
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,192$12,192
VIII-6 Net rental income or lossRelated to mission $13,700$13,700
VIII-12 Total revenueRelated to mission $25,892 · Unrelated business $0 · Excluded from tax $0$811,976
Part IX · Statement of functional expenses $815,384 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $57,824 · Management $8,250 · Fundraising $8,250$74,324
IX-7 Other salaries and wagesPrograms $338,196$338,196
IX-10 Payroll taxesPrograms $36,229 · Management $755 · Fundraising $755$37,739
IX-11b Legal feesManagement $3,563$3,563
IX-11c Accounting feesManagement $9,600$9,600
IX-11g Other fees for servicesPrograms $48,713 · Management $27,216$75,929
IX-12 Advertising and promotionManagement $3,365$3,365
IX-16 OccupancyPrograms $102,814 · Management $2,142 · Fundraising $2,142$107,098
IX-20 InterestPrograms $13,234 · Management $276 · Fundraising $276$13,786
IX-22 Depreciation, depletion and amortizationPrograms $17,359 · Management $362 · Fundraising $362$18,083
IX-24 Other expenses (24a–d)Programs $83,355 · Management $49,807 · Fundraising $539$133,701
IX-25 Total functional expensesPrograms $697,724 · Management $105,336 · Fundraising $12,324$815,384
Part X · Balance sheet $105,981 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $84,674$30,171
X-4 Accounts receivable$400
X-9 Prepaid expenses and deferred charges$6,000
X-10c Land, buildings and equipment, netStart of year $13,314$61,410
X-15 Other assetsStart of year $8,000$8,000
X-16 Total assetsStart of year $105,988$105,981
X-17 Accounts payable and accrued expensesStart of year $16,058$27,542
X-24 Unsecured notes and loans payableStart of year $62,010$29,195
X-26 Total liabilitiesStart of year $78,068$81,469
X-27 Net assets without donor restrictionsStart of year $25,088$6,212
X-28 Net assets with donor restrictionsStart of year $2,832$18,300
X-32 Total net assets or fund balancesStart of year $27,920$24,512
X-33 Total liabilities and net assetsStart of year $105,988$105,981
Part XI · Reconciliation of net assets $24,512 net assets at year end
XI-1 Total revenue$811,976
XI-2 Total expenses$815,384
XI-3 Revenue less expenses−$3,408
XI-4 Net assets at start of year$27,920
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$24,512

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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