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← ETHOS ACADEMY A CHALLENGE FOUNDATION ACADEMY INC

Form 990 for tax year 2022

Filed by ETHOS ACADEMY A CHALLENGE FOUNDATION ACADEMY INC.

Totals

Total revenue
$4,681,366
Total expenses
$4,397,318
Contributions and grants received
$1,065,373
Grants paid
$0
Program service revenue
$3,532,794
Investment income
$0
Other revenue
$83,199
Total assets, end of year
$3,394,692
Total liabilities, end of year
$1,612,623
Net assets or fund balances, end of year
$1,782,069
Program services expenses (Part IX)
$3,791,454
Management and general expenses
$590,024
Fundraising expenses
$15,840
Program service expenses (Part III)
$3,791,454

Program services were 86.2% 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.

  • 1e · Government grants (contributions)

    $1,040,086

  • 1f · All other contributions, gifts and grants

    $25,287

  • 2a · Program service revenue: STATE EQUALIZATION

    total $3,184,913 · related or exempt $3,184,913

  • 2b · Program service revenue: CLASSROOM SITE FUNDS

    total $317,607 · related or exempt $317,607

  • 2c · Program service revenue: INSTRUCTIONAL IMPROVEMENT FUN

    total $30,274 · related or exempt $30,274

  • 11a · Other revenue: MISCELLANEOUS

    total $83,199 · related or exempt $83,199

  • 11e · Other revenue, total

    $83,199

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $103,679 · program services $98,173 · management and general $5,506

  • 7 · Other salaries and wages

    total $2,195,904 · program services $2,075,749 · management and general $120,155

  • 8 · Pension plan contributions

    total $45,742 · program services $41,458 · management and general $4,284

  • 9 · Other employee benefits

    total $274,587 · program services $266,878 · management and general $7,709

  • 10 · Payroll taxes

    total $161,187 · program services $151,141 · management and general $10,046

  • 11b · Fees: legal

    total $14,171 · management and general $14,171

  • 11c · Fees: accounting

    total $48,640 · management and general $48,640

  • 11g · Fees: other

    total $241,828 · program services $138,743 · management and general $103,085

  • 13 · Office expenses

    total $105,688 · management and general $105,688

  • 16 · Occupancy

    total $287,544 · program services $258,790 · management and general $28,754

  • 17 · Travel

    total $161,228 · program services $139,800 · management and general $21,428

  • 20 · Interest

    total $43 · management and general $43

  • 22 · Depreciation, depletion and amortization

    total $290,180 · program services $217,635 · management and general $72,545

  • 24a · Other expenses: FOOD SERVICE

    total $241,958 · program services $241,958

  • 24b · Other expenses: SUPPLIES AND TEXTBOOKS

    total $68,746 · program services $68,589 · management and general $157

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $56,141 · program services $50,527 · management and general $5,614

  • 24d · Other expenses: UTILITIES

    total $48,805 · program services $28,105 · management and general $20,700

  • 24e · All other expenses

    total $51,247 · program services $13,908 · management and general $21,499 · fundraising $15,840

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,327,301 · end of year $1,828,265

  • 3 · Pledges and grants receivable

    beginning of year $184,393 · end of year $75,862

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,245 · end of year $47,761

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

    $781,736

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

    $625,924

  • 10c · Land, buildings and equipment, net

    beginning of year $247,294 · end of year $155,812

  • 15 · Other assets

    beginning of year $50,390 · end of year $1,286,992

  • 17 · Accounts payable and accrued expenses

    beginning of year $260,436 · end of year $340,680

  • 25 · Other liabilities

    beginning of year $77,166 · end of year $1,271,943

  • 27 · Net assets without donor restrictions

    beginning of year $1,236,170 · end of year $1,612,991

  • 28 · Net assets with donor restrictions

    beginning of year $261,851 · end of year $169,078

Mission and programs · 2022

Mission

ETHOS ACADEMY WILL PREPARE AND EMPOWER ALL STUDENTS TO SUCCEED IN COLLEGE AND 21ST CENTURY CAREERS BY PROVIDING STRATEGIC ACADEMIC PROGRAMS, DEVELOPING EXCEPTIONAL TEACHERS, ENGAGING FAMILIES AND BUILDING COMMUNITY PARTNERSHIPS.

  • ETHOS ACADEMY CFA PARTNERS WITH STUDENTS, FAMILIES, AND THE COMMUNITY TO PROVIDE A RIGOROUS, HIGH-QUALITY EDUCATION FOR THE DEVELOPMENT OF THOUGHTFUL, HIGHLY LITERATE CITIZENS. OUR STUDENTS ARE PREPARED FOR THE PURSUIT OF PERSONAL EXCELLENCE, FOR COLLEGE AND 21ST CENTURY CAREERS, AND FOR A LIFETIME AS POSITIVE CONTRIBUTORS IN THEIR COMMUNITY.

    Expenses $3,791,454 · Revenue $3,532,794

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

Listed in Part VII

  • Tamara Garcia

    SCHOOL DIREC

    Total calculated
    $115,330
    From this org
    $103,679
    From related orgs
    $0
    Other
    $11,651
    Hours/week
    40

  • Elaine Baldridge

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • David Fiero

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Ruth Miller

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • James Mathew Sandoval

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Mae Levine Sinclair

    DIRECTOR

    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
25 April 2024
IRS schema version
2022v5.0
Source object
202431209349301958

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