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← HIRSCH ACADEMY A CHALLENGE FOUNDATION ACADEMY INC

Form 990 for tax year 2022

Filed by HIRSCH ACADEMY A CHALLENGE FOUNDATION ACADEMY INC.

Totals

Total revenue
$2,344,656
Total expenses
$2,381,332
Contributions and grants received
$650,722
Grants paid
$0
Program service revenue
$1,691,011
Investment income
$0
Other revenue
$2,923
Total assets, end of year
$1,206,716
Total liabilities, end of year
$397,076
Net assets or fund balances, end of year
$809,640
Program services expenses (Part IX)
$2,012,404
Management and general expenses
$364,464
Fundraising expenses
$4,464
Program service expenses (Part III)
$2,012,404

Program services were 84.5% 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.

  • 1d · Related organizations

    $75,000

  • 1e · Government grants (contributions)

    $575,722

  • 2a · Program service revenue: STATE EQUALIZATION

    total $1,518,154 · related or exempt $1,518,154

  • 2b · Program service revenue: CLASSROOM SITE FUNDS

    total $158,343 · related or exempt $158,343

  • 2c · Program service revenue: INSTRUCTIONAL IMPROVEMENT FUN

    total $14,514 · related or exempt $14,514

  • 11a · Other revenue: MISCELLANEOUS

    total $2,923 · related or exempt $2,923

  • 11e · Other revenue, total

    $2,923

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $91,566 · program services $81,201 · management and general $10,365

  • 7 · Other salaries and wages

    total $1,168,789 · program services $1,034,180 · management and general $134,609

  • 8 · Pension plan contributions

    total $18,597 · program services $18,048 · management and general $549

  • 9 · Other employee benefits

    total $160,683 · program services $142,862 · management and general $17,821

  • 10 · Payroll taxes

    total $97,766 · program services $87,075 · management and general $10,691

  • 11b · Fees: legal

    total $3,750 · management and general $3,750

  • 11c · Fees: accounting

    total $36,207 · management and general $36,207

  • 11g · Fees: other

    total $144,928 · program services $109,815 · management and general $35,113

  • 12 · Advertising and promotion

    total $2,765 · management and general $2,765

  • 16 · Occupancy

    total $253,606 · program services $186,847 · management and general $66,759

  • 17 · Travel

    total $75,217 · program services $74,055 · management and general $1,162

  • 22 · Depreciation, depletion and amortization

    total $28,901 · program services $21,676 · management and general $7,225

  • 23 · Insurance

    total $15,055 · management and general $15,055

  • 24a · Other expenses: FOOD SERVICE

    total $134,706 · program services $134,706

  • 24b · Other expenses: SUPPLIES & TEXTBOOKS

    total $123,201 · program services $108,452 · management and general $14,749

  • 24c · Other expenses: MISCELLANEOUS

    total $25,595 · program services $13,487 · management and general $7,644 · fundraising $4,464

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $724,604 · end of year $548,867

  • 2 · Savings and temporary cash investments

    end of year $309,634

  • 3 · Pledges and grants receivable

    beginning of year $197,636 · end of year $74,612

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,773 · end of year $39,228

  • 10a · Land, buildings and equipment: cost or other basis

    $492,031

  • 10b · Land, buildings and equipment: accumulated depreciation

    $438,577

  • 10c · Land, buildings and equipment, net

    beginning of year $53,404 · end of year $53,454

  • 15 · Other assets

    beginning of year $6,540 · end of year $180,921

  • 17 · Accounts payable and accrued expenses

    beginning of year $136,216 · end of year $115,914

  • 19 · Deferred revenue

    beginning of year $16,067 · end of year $105,491

  • 25 · Other liabilities

    beginning of year $9,358 · end of year $175,671

  • 27 · Net assets without donor restrictions

    beginning of year $651,271 · end of year $669,243

  • 28 · Net assets with donor restrictions

    beginning of year $195,045 · end of year $140,397

Mission and programs · 2022

Mission

CFA PARTNERS WITH STUDENTS, FAMILIES, AND COMMUNITY TO PROVIDE AN EXCELLENT AND EQUITABLE CLASSICAL EDUCATION FOR THE DEVELOPMENT OF THOUGHTFUL, HIGHLY LITERATE CITIZENS. OUR STUDENTS ARE PREPARED FOR THE PURSUIT OF PERSONAL EXCELLENCE, FOR COLLEGE, AND FOR A LIFETIME AS POSITIVE CONTRIBUTORS IN THEIR COMMUNITY.

  • ALL STUDENTS AT HIRSCH ACADEMY: CFA NEED AND DESERVE AN EXCELLENT AND EQUITABLE EDUCATION TO BECOME HIGHLY LITERATE AND CONTRIBUTING CITIZENS. WE HAVE HIGH EXPECTATIONS FOR ALL STUDENTS, ENSURING THAT ALL STUDENTS NEEDS ARE MET. WITH THE ALIGNMENT OF THE COMMON CORE STATE STANDARDS (CCSS), ARIZONA ACADEMIC STANDARDS, CORE KNOWLEDGE CURRICULUM, CHALLENGE FOUNDATION PHILOSOPHY, AND BEST INSTRUCTIONAL PRACTICES, STUDENTS ARE TAUGHT FROM AN INTERDISCIPLINARY PERSPECTIVE. CORE KNOWLEDGE IS A CLASSICAL CURRICULUM WITH A STRONG FOCUS ON LITERACY ACROSS MULTIPLE SUBJECTS: ENGLISH LANGUAGE ARTS (ELA), MATH, SCIENCE, SOCIAL STUDIES, THE VISUAL ARTS AND MUSIC. TEACHER SELECTION IS FOCUSED ON SELECTING HIGHLY QUALIFIED TEACHERS. WE PROVIDE ON-GOING SUPPORT THROUGH A CONTINUOUS IMPROVEMENT MODEL. REGULAR DATA ANALYSIS, COACHING FROM SCHOOL LEADERS AND THROUGH CORE KNOWLEDGE FOUNDATION SCHOOL VISITS, TEAM MENTORING THROUGH CLASSROOM INSTRUCTIONAL ROUNDS, AND APPLIED PROFESSIONAL DEVELOPMENT ENSURE EFFECTIVE INSTRUCTION. COLLABORATION BETWEEN PARENTS, STUDENTS, AND STAFF IS ESSENTIAL FOR HIGH STUDENT ACHIEVEMENT AND IS SUPPORTED THROUGHOUT THE PROGRAM AT HIRSCH ACADEMY: CFA, MAKING CONNECTIONS BETWEEN CONTENT, MEANINGFUL UNDERSTANDING, AND THE EFFECTIVE USE OF COMMON KNOWLEDGE IN SOCIETY.

    Expenses $2,012,404

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

Listed in Part VII

  • Gina Disipio

    DIRECTOR

    Total calculated
    $95,838
    From this org
    $91,566
    From related orgs
    $0
    Other
    $4,272
    Hours/week
    40

  • Nadeen Boykin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Kevyn Griffen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Luann Kolstad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Matt Sandoval

    TEAMCFA REP

    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
6 May 2024
IRS schema version
2022v5.0
Source object
202441299349302249

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