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← ASU PREP GLOBAL ACADEMY

Form 990 for tax year 2022

Filed by ASU PREP GLOBAL ACADEMY.

Totals

Total revenue
$24,135,904
Total expenses
$16,127,867
Contributions and grants received
$109,800
Grants paid
$0
Program service revenue
$23,880,765
Investment income
$140,453
Other revenue
$4,886
Total assets, end of year
$31,371,118
Total liabilities, end of year
$18,593,986
Net assets or fund balances, end of year
$12,777,132
Program services expenses (Part IX)
$10,544,327
Management and general expenses
$5,583,540
Fundraising expenses
$0
Program service expenses (Part III)
$10,544,327

Program services were 65.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $109,800

  • 2a · Program service revenue: PROFESSIONAL DEVELOPMENT

    total $8,908,392 · related or exempt $8,908,392

  • 2b · Program service revenue: CONTENT LICENSING

    total $8,037,139 · related or exempt $8,037,139

  • 2c · Program service revenue: PARTNERSHIP REVENUE

    total $4,716,589 · related or exempt $4,716,589

  • 2d · Program service revenue: TUITION FROM INDIVIDUALS

    total $2,218,645 · related or exempt $2,218,645

  • 3 · Investment income

    total $140,453 · excluded $140,453

  • 11a · Other revenue: MISCELLANEOUS

    total $4,886 · related or exempt $4,886

  • 11e · Other revenue, total

    $4,886

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $5,270,734 · program services $4,246,646 · management and general $1,024,088

  • 8 · Pension plan contributions

    total $62,069 · program services $49,244 · management and general $12,825

  • 9 · Other employee benefits

    total $858,944 · program services $698,751 · management and general $160,193

  • 10 · Payroll taxes

    total $388,243 · program services $310,543 · management and general $77,700

  • 11g · Fees: other

    total $8,764,925 · program services $4,754,523 · management and general $4,010,402

  • 13 · Office expenses

    total $53,151 · program services $37,917 · management and general $15,234

  • 16 · Occupancy

    total $18,741 · program services $401 · management and general $18,340

  • 17 · Travel

    total $167,325 · program services $76,698 · management and general $90,627

  • 23 · Insurance

    total $3,730 · management and general $3,730

  • 24a · Other expenses: SUPPLIES AND INSTRUCTIONA

    total $377,319 · program services $330,735 · management and general $46,584

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $159,627 · program services $36,305 · management and general $123,322

  • 24c · Other expenses: MISCELLANEOUS

    total $2,836 · program services $2,384 · management and general $452

  • 24d · Other expenses: UTILITIES

    total $223 · program services $180 · management and general $43

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,735,579 · end of year $7,662,451

  • 2 · Savings and temporary cash investments

    beginning of year $4,688,034 · end of year $17,328,462

  • 4 · Accounts receivable

    beginning of year $4,396,242 · end of year $6,337,594

  • 9 · Prepaid expenses and deferred charges

    beginning of year $74,400 · end of year $42,611

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,001,860 · end of year $4,224,649

  • 19 · Deferred revenue

    beginning of year $1,350,909 · end of year $185,909

  • 25 · Other liabilities

    beginning of year $3,772,391 · end of year $14,183,428

  • 27 · Net assets without donor restrictions

    beginning of year $4,769,095 · end of year $12,777,132

Mission and programs · 2022

Mission

ASU PREP GLOBAL ACADEMY IS ADVANCING NEXT-GENERATION EDUCATION MODELS THAT TRANSCEND THE TRADITIONAL BOUNDARIES BETWEEN HIGH SCHOOL AND COLLEGE AND ELIMINATES THE BARRIERS BASED ON LOCATION, MODALITY, BACKGROUND, AND INCOME SO THAT ALL LEARNERS CAN THRIVE.

  • ASU PREP GLOBAL ACADEMY IS ADVANCING NEXT-GENERATION EDUCATION MODELS THAT TRANSCEND THE TRADITIONAL BOUNDARIES BETWEEN HIGH SCHOOL AND COLLEGE AND ELIMINATES THE BARRIERS BASED ON LOCATION, MODALITY, BACKGROUND, AND INCOME SO THAT ALL LEARNERS CAN THRIVE.

    Expenses $10,544,327 · Revenue $23,880,765

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JULIE YOUNG

    PRESIDENT AN

    Total calculated
    $0
    Hours/week
    2

  • FORREST VALORA

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • PHILLIP NETOLICKY

    ED BUDGET &

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
27 December 2023
IRS schema version
2022v5.0
Source object
202440169349302894

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