VERITAS PREPARATORY ACADEMY: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
VERITAS PREPARATORY ACADEMY (EIN 05-0527441)
Tax period
2013-07-01 to 2014-06-30
Filed
2015-05-15
IRS object ID
201531359349307288
Schema version
2013v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2015-05-15T15:24:22-05:00ReturnTs
Tax Period End2014-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN860494040PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FESTER & CHAPMAN PCBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line14001 N 3RD ST STE 275AddressLine1
CityPHOENIXCity
StateAZState
ZIP Code850122086ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN050527441EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VERITAS PREPARATORY ACADEMYBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlVERIBusinessNameControlTxt
Phone4808999181PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13102 N 56TH STAddressLine1
Address Line2ROOM/SUITE 200AddressLine2
CityPHOENIXCity
StateAZState
ZIP Code85018ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonWARD HUSETHPersonNm
Person TitleCFOPersonTitleTxt
Phone4808999181PhoneNum
Signature2015-05-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRACHEL R LOCKE CPAPreparerPersonNm
PTINP00450405PTIN
Phone6022643077PhoneNum
Preparation2015-05-15PreparationDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerWARD HUSETH CFOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13102 N 56TH ST SUITE 300AddressLine1
CityPHOENIXCity
StateAZState
ZIP Code85018ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$5,945,473GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.VERITASPREPACADEMY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2002FormationYr
Legal Domicile StateAZLegalDomicileStateCd
Activity Or MissionTO ENABLE STUDENTS IN GRADES SIX THROUGH TWELVE TO ACQUIRE CRITICAL REASONING AND COMMUNICATION SKILLS AND TO EXPLORE THE CULTURAL AND SCIENTIFIC ACHIEVEMENTS THAT ARE AT THE HEART OF THE LIBERAL ARTS CURRICULUM AND TO PROVIDE AN ENVIRONMENT THAT ALLOWS EVERY STUDENT WHO IS CURIOUS AND DILIGENT THE OPPORTUNITY TO ACHEIVE ACADEMICALLY.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers25TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$655,880PYContributionsGrantsAmt
CY Contributions Grants$722,110CYContributionsGrantsAmt
PY Program Service Revenue$4,340,547PYProgramServiceRevenueAmt
CY Program Service Revenue$4,886,821CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$55,382PYOtherRevenueAmt
CY Other Revenue$336,542CYOtherRevenueAmt
PY Total Revenue$5,051,809PYTotalRevenueAmt
CY Total Revenue$5,945,473CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,186,398PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,344,594CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$55,406CYTotalFundraisingExpenseAmt
PY Other Expenses$1,954,852PYOtherExpensesAmt
CY Other Expenses$2,265,569CYOtherExpensesAmt
PY Total Expenses$5,141,250PYTotalExpensesAmt
CY Total Expenses$5,610,163CYTotalExpensesAmt
PY Revenues Less Expenses-$89,441PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$335,310CYRevenuesLessExpensesAmt
Total Assets BOY$683,277TotalAssetsBOYAmt
Total Assets EOY$986,215TotalAssetsEOYAmt
Total Liabilities BOY$531,866TotalLiabilitiesBOYAmt
Total Liabilities EOY$499,494TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$151,411NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$486,721NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO ENABLE STUDENTS IN GRADES SIX THROUGH TWELVE TO ACQUIRE CRITICAL REASONING AND COMMUNICATION SKILLS AND TO EXPLORE THE CULTURAL AND SCIENTIFIC ACHIEVEMENTS THAT ARE AT THE HEART OF THE LIBERAL ARTS CURRICULUM AND TO PROVIDE AN ENVIRONMENT THAT ALLOWS EVERY STUDENT WHO IS CURIOUS AND DILIGENT THE OPPORTUNITY TO ACHEIVE ACADEMICALLY.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$3,975,424ExpenseAmt
DescTO ENABLE STUDENTS IN GRADES SIX THROUGH TWELVE TO ACQUIRE CRITICAL REASONING AND COMMUNICATION SKILLS AND TO EXPLORE THE CULTURAL AND SCIENTIFIC ACHIEVEMENTS THAT ARE AT THE HEART OF THE LIBERAL ARTS CURRICULUM AND TO PROVIDE AN ENVIRONMENT THAT ALLOWS EVERY STUDENT WHO IS CURIOUS AND DILIGENT THE OPPORTUNITY TO ACHEIVE ACADEMICALLY.Desc
Total Program Service Expenses$3,975,424TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document21IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldAZStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonGREAT HEARTS ACADEMIESPersonNm
Phone6022631128PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13102 N 56TH STREET SUITE 300AddressLine1
CityPHOENIXCity
StateAZState
ZIP Code85018ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
SHANNON CLANCY
DIRECTOR1.001.00Yes (X)$0$0$0
ROBERT MULHERN
DIRECTOR1.000.00Yes (X)$0$0$0
JAY HEILER
DIRECTOR1.001.00Yes (X)$0$0$0
DAN SCOGGIN
DIRECTOR1.001.00Yes (X)$0$0$0
DAN SULLIVAN
DIRECTOR1.001.00Yes (X)$0$0$0
AMY HALL
DIRECTOR1.000.00Yes (X)$0$0$0
HELEN HAYES
DIRECTOR1.001.00Yes (X)$0$0$0
SAMIR SAWHNEY
DIRECTOR1.000.00Yes (X)$0$0$0
MINSON DOUGLAS
HEADMASTER40.000.00$0$62,615$3,341Yes (X)
FieldValueIRS element (for citing)
Tot Reportable Comp Rltd Org$62,615TotReportableCompRltdOrgAmt
Total Other Compensation$3,341TotalOtherCompensationAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$51,785GovernmentGrantsAmt
All Other Contributions$670,325AllOtherContributionsAmt
Total Contributions$722,110TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
STATE EQUALIZATION611710$4,411,900$4,411,900
CLASSROOM SITE FUNDS611710$285,195$285,195
CO-CURRICULAR ACTIVITIES611710$189,726$189,726
FieldValueIRS element (for citing)
Total Program Service Revenue$4,886,821TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHERDesc
Business611710BusinessCd
Total Revenue Column$336,542TotalRevenueColumnAmt
Related Or Exempt Func Income$336,542RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$336,542OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,945,473TotalRevenueColumnAmt
Related Or Exempt Func Income$5,223,363RelatedOrExemptFuncIncomeAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$65,956TotalAmt
Management And General$65,956ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,698,723TotalAmt
Program Services$2,258,866ProgramServicesAmt
Management And General$439,857ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$16,364TotalAmt
Program Services$13,353ProgramServicesAmt
Management And General$3,011ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$343,643TotalAmt
Program Services$301,049ProgramServicesAmt
Management And General$42,594ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$219,908TotalAmt
Program Services$178,813ProgramServicesAmt
Management And General$41,095ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$375,768TotalAmt
Management And General$375,768ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$7,432TotalAmt
Management And General$7,432ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$10,900TotalAmt
Program Services$8,814ProgramServicesAmt
Management And General$2,086ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$59,388TotalAmt
Program Services$52,867ProgramServicesAmt
Management And General$6,521ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$22,413TotalAmt
Program Services$15,093ProgramServicesAmt
Management And General$7,320ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$16,992TotalAmt
Program Services$393ProgramServicesAmt
Management And General$16,599ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$704,564TotalAmt
Program Services$569,744ProgramServicesAmt
Management And General$134,820ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$16,870TotalAmt
Program Services$13,642ProgramServicesAmt
Management And General$3,228ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$15,520TotalAmt
Program Services$12,550ProgramServicesAmt
Management And General$2,970ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
OTHER$555,466$253,726$301,740
REPAIRS AND MAINTENANCE$167,288$71,506$95,782
SUPPLIES$153,817$123,262$30,555
CO-CURRICULAR ACTIVITIES$103,745$101,746$1,999

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$55,406TotalAmt
Fundraising$55,406FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,610,163TotalAmt
Program Services$3,975,424ProgramServicesAmt
Management And General$1,579,333ManagementAndGeneralAmt
Fundraising$55,406FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$545,737BOYAmt
EOY$841,672EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$12,500EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$28,795BOYAmt
EOY$13,434EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$50,073BOYAmt
EOY$47,775EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$100,748LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$29,914LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$58,672BOYAmt
EOY$70,834EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$683,277BOYAmt
EOY$986,215EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$273,209BOYAmt
EOY$247,762EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$59,141BOYAmt
EOY$57,113EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$199,516BOYAmt
EOY$194,619EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$531,866BOYAmt
EOY$499,494EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$151,411BOYAmt
EOY$461,721EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
EOY$25,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$151,411BOYAmt
EOY$486,721EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$683,277BOYAmt
EOY$986,215EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$335,310ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$34,892OtherCostOrOtherBasisAmt
Depreciation$7,813DepreciationAmt
Book Value$27,079BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$65,856OtherCostOrOtherBasisAmt
Depreciation$22,101DepreciationAmt
Book Value$43,755BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$70,834TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DEPOSITS HELD FOR OTHERS$152,322
DUE TO RELATED PARTY$42,297
FieldValueIRS element (for citing)
Total Liability$194,619TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$5,945,473TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$5,945,473RevenueSubtotalAmt
Total Revenue Per Form990$5,945,473TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,610,163TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$5,610,163ExpensesSubtotalAmt
Total Expenses Per Form990$5,610,163TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PAGE 3, PART XFormAndLineReferenceDesc
ExplanationTHE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE PROVISIONS. THE ORGANIZATION'S FORMS 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX ARE GENERALLY SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THEY ARE FILED, AND THE RELATED STATE OF ARIZONA FORMS 99 WILL GENERALLY BE SUBJECT TO EXAMINATION FOR FOUR YEARS FROM THE LATER OF THE DUE DATE OR THE FILE DATE OF THE TAX RETURN.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, LINE 3THE GREAT HEARTS ACADEMIES ARE NOT-FOR-PROFIT, NON-SECTARIAN, PUBLIC CHARTER SCHOOLS, AND DO NOT DISCRIMINATE IN ANY OF ITS PRACTICES ON THE BASIS OF GENDER, RACE, RELIGION, NATIONAL ORIGIN OR DISABILITY.
SCHEDULE E, LINE 6THE SCHOOL RECEIVES MONTHLY AID PAYMENTS FROM THE STATE OF ARIZONA BASED ON THE NUMBER OF STUDENTS ENROLLED AND ATTENDING THE SCHOOL. THESE FUNDS ARE USED IN ACCORDANCE WITH THE REQUIREMENTS SET FORTH BY THE STATE OF ARIZONA. IN ADDITION, GOVERNMENT GRANTS ARE ALSO RECEIVED BY THE SCHOOL.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONTO ENABLE STUDENTS IN GRADES SIX THROUGH TWELVE TO ACQUIRE CRITICAL REASONING AND COMMUNICATION SKILLS AND TO EXPLORE THE CULTURAL AND SCIENTIFIC ACHIEVEMENTS THAT ARE AT THE HEART OF THE LIBERAL ARTS CURRICULUM AND TO PROVIDE AN ENVIRONMENT THAT ALLOWS EVERY STUDENT WHO IS CURIOUS AND DILIGENT THE OPPORTUNITY TO ACHEIVE ACADEMICALLY.
FORM 990, PAGE 1, PART I, LINE 6THE VOLUNTEERS HELP IN CLASSROOMS AND SUPPORT TEACHERS AND STUDENTS.
FORM 990, PART VLINE 2A: ALL PAYROLL, PAYROLL TAXES AND BENEFIT PLANS ARE CENTRALIZED THROUGH ITS TAX-EXEMPT SOLE MEMBER, GREAT HEARTS ACADEMIES (EIN 20-2036133), WHICH ACTS AS THE COMMON PAYMASTER FOR ALL OF ITS SUBSIDIARY SCHOOLS. THEREFORE, GREAT HEARTS ACADEMIES FILES PAYROLL TAX RETURNS UNDER THEIR EMPLOYER TAX IDENTIFICATION NUMBER REPORTING ALL PAYROLL ACTIVITY ON BEHALF OF THE SCHOOL. PAYROLL RELATED EXPENSES REPORTED ON THIS RETURN REPRESENTS AN ALLOCATION OF SALARIES AND WAGES PAID BY THE ENTITY.
FORM 990, PART VICERTAIN FUNCTIOINS OF MULTIPLE SCHOOLS IN THE GREAT HEARTS NETWORK ARE ALSO PROVIDED TO THE SCHOOL BY GREAT HEARTS ACADEMIES, THE SCHOOL'S TAX EXEMPT SOLE MEMBER.
FORM 990, PAGE 6, PART VI, LINE 7ATHE SCHOOL'S TAX-EXEMPT SOLE MEMBER APPOINTS THE SCHOOL'S DIRECTORS, FILLS VACANCIES ON THE BOARD, AND MAY REMOVE DIRECTORS.
FORM 990, PAGE 6, PART VI, LINE 7BTHE SCHOOL'S TAX-EXEMPT SOLE MEMBER RETAINS APPROVAL RIGHTS OVER KEY DECISIONS SUCH AS CHANGES TO THE SCHOOL'S BYLAWS, ARTICLES OF INCORPORATION, EDUCATIONAL PHILOSOPHY, AND SIGNIFICANT FINANCIAL EXPENDITURES (IN EXCESS OF 50,000).
FORM 990, PAGE 6, PART VI, LINE 11BTHE 990 IS PREPARED BY AN EXTERNAL CPA FIRM AND ARE REVIEWED INTERNALLY BY THE CFO. AFTER COMPLETING THE CFO REVIEW, THE RETURN IS FINALIZED AND THEN REVIEWED BY THE GREAT HEARTS AUDIT COMMITTEE PRIOR TO BEING SIGNED BY THE CFO.
FORM 990, PAGE 6, PART VI, LINE 12CTHE ORGANIZATION REQUIRES ALL BOARD MEMBERS AND EMPLOYEES TO SIGN THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS.
FORM 990, PAGE 6, PART VI, LINE 15ASUBJECT TO THE SCHOOL'S CONFLICT OF INTEREST POLICY, THE SCHOOL'S TAX- EXEMPT SOLE MEMBER AND THE SCHOOL'S BOARD APPROVE THE COMPENSATION OF KEY STAFF SUCH AS HEADMASTER AND ASSISTANT HEADMASTER.
FORM 990, PAGE 6, PART VI, LINE 15BEMPLOYEES AND FACULTY ARE DETERMINED BASED ON AN ORGANIZATION WIDE SALARY RANGE TABLE WHICH FACTORS IN EDUCATION AND EXPERIENCE.
FORM 990, PAGE 6, PART VI, LINE 19ALL BOARD MEETINGS ARE POSTED IN ADVANCE IN ACCORDANCE WITH ARIZONA OPEN MEETING LAWS. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE BOTH AT THE MEETING OR FOLLOWING THE MEETING AND UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (19 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Business Name Line2DirectControllingEntityName/BusinessNameLine2Controlled OrganizationControlledOrganizationIndDirect Controlling NADirectControllingNACdBusiness Name Line2DisregardedEntityName/BusinessNameLine2
CHANDLER PREPARATORY ACADEMY
3102 N 56TH STREET SUITE 300PHOENIXAZ85018202075176EDUCATIONAZ32GREATHEARTS ACADEMIESYes (true)
GLENDALE PREPARTORY ACADEMY
3102 N 56TH STREET SUITE 300PHOENIXAZ85018208760987EDUCATIONAZ32GREATHEARTS ACADEMIESYes (true)
GREAT HEARTS ACADEMIES
3102 N 56TH STREET SUITE 300PHOENIXAZ85018202036133EDUCATIONAZ37falseN/A
ARETE PREPARATORY ACADEMY
3102 N 56TH STREET SUITE 300PHOENIXAZ85018205332933EDUCATIONAZ32GREATHEARTS ACADEMIESYes (true)
SCOTTSDALE PREPARATORY ACADEMY
3102 N 56TH STREET SUITE 300PHOENIXAZ85018208778703EDUCATIONAZ32GREATHEARTS ACADEMIESYes (true)
TELEOS PREPARATORY ACADEMY
3102 N 56TH STREET SUITE 300PHOENIXAZ85018262700807EDUCATIONAZ32GREATHEARTS ACADEMIESYes (true)
ANTHEM PREPARATORY ACADEMY
3102 N 56TH STREET SUITE 300PHOENIXAZ85018270375682EDUCATIONAZ32GREATHEARTS ACADEMIESYes (true)
ARCHWAY CLASSICAL ACADEMY CHANDLER
3102 N 56TH STREET SUITE 300PHOENIXAZ85018273723907EDUCATIONAZ32GREATHEARTS ACADEMIESYes (true)
ARCHWAY CLASSICAL ACADEMY SCOTTSDAL
3102 N 56TH STREET SUITE 300PHOENIXAZ85018273364842EDUCATIONAZ32GREATHEARTS ACADEMIESYes (true)
ARCHWAY CLASSICAL ACADEMY TRIVIUM
3102 N 56TH STREET SUITE 300PHOENIXAZ85018273364743EDUCATIONAZ32GREATHEARTS ACADEMIESYes (true)
ARCHWAY CLASSICAL ACADEMY VERITAS
3102 N 56TH STREET SUITE 300PHOENIXAZ85018273364820EDUCATIONAZ32GREATHEARTS ACADEMIESYes (true)
TRIVIUM PREPARATORY ACADEMY
3102 N 56TH STREET SUITE 300PHOENIXAZ85018273289295EDUCATIONAZ32GREATHEARTS ACADEMIESYes (true)
ARCHWAY CLASSICAL ACADEMY NORTH
3102 N 56TH STREET SUITE 300PHOENIXAZ85018273364871EDUCATIONAZ32GREATHEARTS ACADEMIESYes (true)PHOENIX
NORTH PHOENIX PREPARATORY ACADEMY
3102 N 56TH STREET SUITE 300PHOENIXAZ85018273322474EDUCATIONAZ32GREATHEARTS ACADEMIESYes (true)
MARYVALE PREPARATORY ACADEMY
3102 N 56TH STREET SUITE 300PHOENIXAZ85018273289377EDUCATIONAZ32GREATHEARTS ACADEMIESYes (true)
ARCHWAY CLASSICAL ACADEMY GLENDALE
3102 N 56TH STREET SUITE 300PHOENIXAZ85018461014697EDUCATIONAZ32GREATHEARTS ACADEMIESYes (true)
ARCHWAY CLASSICAL ACADEMY ARETE
3102 N 56TH STREET SUITE 300PHOENIXAZ85018464061128EDUCATIONAZ32GREATHEARTS ACADEMIESYes (true)
ARCHWAY CLASSICAL ACADEMY CICERO
3102 N 56TH STREET SUITE 300PHOENIXAZ85018464065855EDUCATIONAZ32GREATHEARTS ACADMIESYes (true)
CICERO PREPARATORY ACADEMY
3102 N 56TH STREET SUITE 300PHOENIXAZ85018464096974EDUCATIONAZ32GREATHEARTS ACADEMIESYes (true)
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgYes (true)RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (5 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
GREAT HEARTS ACADEMIES
O$3,375,855FMV
GREAT HEARTS ACADEMIES
P$375,768FMV
GREAT HEARTS ACADEMIES
K$704,564FMV
GREAT HEARTS ACADEMIES
P$38,440FMV
ARCHWAY CLASSICAL ACADEMY VERITAS
P$3,857FMV

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