2018-07-03T07:25:23-00:00 2017-06-30 FORREST & COMPANY INC 30021 Tomas St Ste 300 R Santa Margarita CA 92688 990 2016-07-01 270333296 AMERICAN LEADERSHIP ACADEMY INC AMER 4804202101 19935 CHANDLER HEIGHTS RD QUEEN CREEK AZ 85142 GLENN WAY PRESIDENT 2018-07-03 true BART W FORREST 9496355701 2018-07-03 2016 2022-09-23 18:48:47Z GLENN L WAY 19935 CHANDLER HEIGHTS RD QUEEN CREEK AZ 85142 43805003 false X alaschools.org X 2009 AZ Operates Charter schools in the State of Arizona. Education provided for K through 12th grade. 5 5 4 100 0 433638 43371365 0 0 43805003 0 0 282470 0 103323 41981864 42264334 1540669 31226073 51632687 27775084 46641029 3450989 4991658 Operates Charter schools in the State of Arizona. Education provided for K through 12th grade. false false 40468499 EDUCATION FOR CHILDREN IN K THORUGH 12TH GRADE. 40468499 true false false false false false false false false false true false false true true false true false true false false false false false false false false false false false true false false false false false false false true true true false false false false false false false false false true 0 0 true 4 true false false false false false false false false false false false false false false false 5 5 false false false false false true false true true false true true true true true true true true false false false AZ X AMERICAN LEADERSHIP ACADEMY INC 4804202101 19935 CHANDLER HEIGHTS RD QUEEN CREEK AZ 85142 X STERLING TANNER BOARD DIRECTOR 005.00 X 0 0 0 DAL ZEMP BOARD DIRECTOR 005.00 X 0 0 0 DAVID NIELSON BOARD DIRECTOR 005.00 X 0 0 0 RALPH PEW BOARD DIRECTOR 005.00 X 0 0 0 PAUL SINCLAIR BOARD VICE PRESIDENT 005.00 X X 0 0 0 JEREMY CHRISTENSEN BOARD SECRETARY/TREASURER 005.00 X X 0 0 0 RICHARD MOSS BOARD DIRECTOR 005.00 X X 0 0 0 GLENN WAY PRESIDENT 050.00 X X 0 0 0 CHELSEY GRIESS BOARD PRESIDENT 050.00 X X 0 0 0 false false false ALA Management Services INC 1138 N Alma School Rd Mesa AZ 85201 Contracted Labor 23159188 SchoolHouse Queen Creek LLC 3115 Lion Lane No300 Salt Lake City UT 84121 Facilities 3556691 SchoolHouse Vista Heights LLC 3115 Lion Lane No300 Salt Lake City UT 84121 Facilities 3466671 PCI ALA Gilbert LLC 3115 Lion Lane No300 Salt Lake City UT 84121 Facilities 1529643 Vertex 530 S 1750 E Price UT 84501 Facilities 669780 5 181016 252622 433638 State Equalization AZ ect 611600 43371365 43371365 43371365 43805003 43371365 0 0 0 0 0 0 282470 282470 0 0 0 0 0 73482 73482 22275 22275 0 1333533 1333533 113957 113957 1634602 1634602 0 0 10296556 10296556 42708 42708 0 0 2273421 2273421 0 1996152 1996152 0 Fundraising 103323 103323 Misc Expenses 531582 473672 57910 Instruction and operation 23560273 23560273 0 42264334 40468499 1692512 103323 4605176 6087504 38949 632961 82217 299790 38955270 6665536 21383558 32289734 5116173 12322698 31226073 51632687 1337303 1469830 26437781 45171199 27775084 46641029 X 3450989 4991658 3450989 4991658 31226073 51632687 1540669 X false true X true true true X 0.00000 0.00000 0.00000 false 38955270 6665536 32289734 32289734 Financial derivatives and other financial products Closely-held equity interests Bond Operating Reserve restricted 5710596 Bond debt service reserve 2245534 Construction in Progress 828570 Notes Receivable 1277 Prepaid Bond Interest 66606 Cost of Issuance 2015 Bond 2750677 Bond Discount 2015 Bond 719438 Loan Officer 12322698 Federal income taxes Notes Payable 2147487 Capital Bonds Payable 42199780 Campus Lease Payable 50000 Lines of Credit Payable 773932 45171199 43805003 43805003 43805003 42264334 42264334 42264334 true true true true true true true false false false false false false false false false false true A IDA of the County of Pima 859445981 72177MQX8 2015-12-29 4305000 To acquire school campuses. false false false B IDA of the County of Pima 859445981 72177MQY6 2015-12-29 7600000 To acquire school campuses. false false false C IDA of the County of Pima 859445981 72177MQZ3 2015-12-29 12985000 To acquire school campuses. false false false A 395000 4511409 300121 2190325 209197 1556649 255118 false true true true B 7964392 529831 3866775 369314 2748092 450382 false true true true C 13607584 905244 6606589 630992 4695259 769501 false true true true A false false false false false false false B false false false false false false false C false false false false false false false A false false false false false false false false false B false false false false false false false false false C false false false false false false false false false A false B false C false Part IV Bonds were issed to acquire Mesa from a lease, defeasance of 2012 Series Bonds, refinancing of loans, capital expenditures. Part IV Par amount of Series 2015 Series Bonds 24,890,000, less original issue discount 225,085 add amounts on deposit Series 2012 1,418,471Gross Proceeds 26,083,386 Glenn Way Director 8649882 Facility lease payment false Glenn Way Director 3650000 Property Purchase false Glenn Way Director 23159188 Contracted Labor payments false Glenn Way Director Lease agreement false Glenn Way Director Lease agreement false Part IV Line 1 ON JUNE 9, 2011, APRIL 23, 2012, JANUARY 13, 2015 AND JULY 23, 2016 RESPECTIVELY THE ORGANIZATION ENTERED INTO FACILITY LEASE AGREEMENTS WITH PCI ALA GILBERT LLC, SCHOOLHOUSE QUEEN CREEK LLC, SCHOOLHOUSE VISTA HEIGHTS LLC, AND SCHOOLHOUSE ALA OFFICE LLC FOR USE OF CAMPUS FACILITIES OWNED BY THE LLCS. GLENN WAY IS A MINORITY OWNER OF PCI ALA GILBERT LLC, SCHOOLHOUSE QUEEN CREEK LLC, SCHOOHOUSE VISTA HEIGHTS LLC, AND SCHOOLHOUSE ALA OFFICE LLC. AT THE TIME THAT THESE FACILITY LEASES WERE ENTERED INTO, GLENN WAY WAS A MEMBER OF THE ORGANIZATIONS BOARD OF DIRECTORS. THE BOARD THOROUGHLY EVALUATED THE LEASES, DETERMINING THAT THE LEASES WERE AT FAIR MARKET VALUE. MR. WAY RECUSED HIMSELF DURING BOARD DELIBERATIONS REGARDING THE DECISION TO ENTER INTO THESE LEASES. Part IV Line 2 THE ORGANIZATION PURCHASED IMPROVED LAND INCUDING PRE-CONSTRUCTION SITE WORKS, DRAWINGS, SITE ENGINEERING, SURVEYS, PERMITS, ETC. TO CONSTRUCT THE NEW SIGNAL BUTTE K-6 FROM PORTFOLIO CHARTER FUND XVII. GLENN WAY IS A MINORITY OWNER OF PORTFOLIO CHARTER FUND XVII. AS PART OF A BANK UNDERWRITING PROCESS, THE ORGANIZATION OBTAINED AN APPRAISAL SHOWING THAT THE TERMS OF THE PURCHASE WERE AT OR BELOW FAIR MARKET VALUE. THE BOARD THOROUGHLY EVALUATED THE TERMS OF THE PURCHASE AND MR. WAY RECUSED HIMSELF DURING BOARD DELIBERATIONS REGARDING THE DECISION TO PURCHASE THIS PROPERTY. Part IV Line 3 ON AUGUST 1, 2011, THE ORGANIZATION ENTERED INTO A LABOR AGREEMENT TO CONTRACT FOR ALL TEACHERS, ADMINISTRATORS, AND OTHER STAFF FROM ALA MANAGEMENT SERVICES, INC. ALA MANAGEMENT SERVICES, INC. IS A NON-PROFIT CORPORATION THAT PROVIDES STAFFING AND RELATED SERVICES TO CHARTER SCHOOLS. GLENN WAY IS A MEMBER OF ALA MANAGEMENT SERVICES, INCS BOARD OF DIRECTORS. THE TERMS OF THE SERVICE AGREEMENT WERE DETERMINED BY THE ORGANIZATIONS BOARD TO BE REASONABLE AND MORE FAVORABLE TO THE ORGANIZATION THAN OTHER ALTERNATIVES AS ALA MANAGEMENT SERVICES ONLY CHARGES THE ORGANIZATION ACTUAL COSTS WITHOUT ANY MARK-UP, THEREBY PROVIDING A SIGNIFICANT BENEFIT TO THE ORGANIZATION WHEN COMPARED TO OTHER SIMILAR SERVICE PROVIDERS. Part IV Line 4 ON MARCH 22, 2017 THE ORGANIZATION ENTERED INTO A LEASE AGREEMENT WITH SCHOOLHOUSE GILBERT SOUTH LLC FOR THE GILBERT SHOUTH K-6 CAMPUS WHICH OPENED IN AUGUST 2017. GLENN WAY IS A MINORITY OWNER OF SCHOOLHOUSE GILBERT SOUTH LLC. MR. WAY RECUSED HIMSELF FROM BOARD DELIBERATIONS REGARDING THE DECISION TO ENTER INTO THIS LEASE. THE BOARD THOROUGHLY EVALUATED THE LEASE, DETERMINING THAT THE LEASE IS AT FAIR MARKET VALUE. NO LEASE PAYMENTS WERE MADE DURING FY16-17. Part IV Line 5 ON DECEMBER 5, 2016 THE ORGANIZATION ENTERED INTO A LEASE AGREEMENT WITH SCHOOLHOUSE HIGLEY LLC FOR THE GILBERT NORTH K-12 CAMPUS WHICH OPENED IN AUGUST 2017. GLENN WAY IS A MINORITY OWNER OF SCHOOLHOUSE HIGLEY LLC. MR. WAY RECUSED HIMSELF FROM BOARD DELIBERATIONS REGARDING THE DECISION TO ENTER INTO THIS LEASE. THE BOARD THOROUGHLY EVALUATED THE LEASE, DETERMINING THAT THE LEASE IS AT FAIR MARKET VALUE. NO LEASE PAYMENTS WERE MADE DURING FY16-17. Form 990, Part I, Section 1, Line 1 Nothing to report