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← ASU PREP GLOBAL ACADEMY

Form 990 for tax year 2024

Filed by ASU PREP GLOBAL ACADEMY.

Totals

Total revenue
$21,904,011
Total expenses
$16,238,025
Contributions and grants received
$478,595
Grants paid
$0
Program service revenue
$20,432,028
Investment income
$981,148
Other revenue
$12,240
Total assets, end of year
$31,183,013
Total liabilities, end of year
$4,251,084
Net assets or fund balances, end of year
$26,931,929
Program services expenses (Part IX)
$10,498,714
Management and general expenses
$5,739,311
Fundraising expenses
$0
Program service expenses (Part III)
$10,498,714

Program services were 64.7% 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

    $478,595

  • 2a · Program service revenue: CONTENT LICENSING

    total $7,822,789 · related or exempt $7,822,789

  • 2b · Program service revenue: PROFESSIONAL DEVELOPMENT

    total $7,252,250 · related or exempt $7,252,250

  • 2c · Program service revenue: TUITION FROM INDIVIDUALS

    total $3,620,996 · related or exempt $3,620,996

  • 2d · Program service revenue: PARTNERSHIP REVENUE

    total $1,735,993 · related or exempt $1,735,993

  • 3 · Investment income

    total $981,148 · excluded $981,148

  • 11a · Other revenue: MISCELLANEOUS

    total $12,240 · related or exempt $12,240

  • 11e · Other revenue, total

    $12,240

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $266,732 · program services $213,410 · management and general $53,322

  • 7 · Other salaries and wages

    total $4,821,413 · program services $3,857,567 · management and general $963,846

  • 8 · Pension plan contributions

    total $335,733 · program services $259,201 · management and general $76,532

  • 9 · Other employee benefits

    total $464,824 · program services $358,865 · management and general $105,959

  • 10 · Payroll taxes

    total $371,815 · program services $287,058 · management and general $84,757

  • 11b · Fees: legal

    total $6,150 · management and general $6,150

  • 11g · Fees: other

    total $9,043,070 · program services $5,117,666 · management and general $3,925,404

  • 12 · Advertising and promotion

    total $80 · management and general $80

  • 13 · Office expenses

    total $70,251 · program services $1,412 · management and general $68,839

  • 16 · Occupancy

    total $25,641 · program services $1,028 · management and general $24,613

  • 17 · Travel

    total $124,648 · program services $73,597 · management and general $51,051

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $359,628 · program services $108,834 · management and general $250,794

  • 24b · Other expenses: SUPPLIES AND INSTRUCTIONA

    total $262,114 · program services $219,673 · management and general $42,441

  • 24c · Other expenses: BAD DEBT

    total $85,398 · management and general $85,398

  • 24d · Other expenses: MISCELLANEOUS

    total $440 · program services $403 · management and general $37

  • 24e · All other expenses

    total $88 · management and general $88

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $109,930 · end of year $124,819

  • 2 · Savings and temporary cash investments

    beginning of year $19,204,709 · end of year $26,651,274

  • 4 · Accounts receivable

    beginning of year $7,059,407 · end of year $4,339,094

  • 9 · Prepaid expenses and deferred charges

    beginning of year $74,004 · end of year $67,826

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,296,910 · end of year $3,474,229

  • 19 · Deferred revenue

    beginning of year $682,831 · end of year $439,124

  • 25 · Other liabilities

    beginning of year $202,366 · end of year $337,731

  • 27 · Net assets without donor restrictions

    beginning of year $21,156,143 · end of year $26,358,129

  • 28 · Net assets with donor restrictions

    beginning of year $109,800 · end of year $573,800

Mission and programs · 2024

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 $10,498,714 · Revenue $20,432,028

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Julie Young

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Amy McGrath

    VICE CHAIRPE

    Total calculated
    $0
    Hours/week
    2

  • Lisa Edgar

    TREAS / SECR

    Total calculated
    $0
    Hours/week
    2

  • Michael Horn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Phillip Netolicky

    CFO

    Total calculated
    $266,732
    From this org
    $241,752
    From related orgs
    $0
    Other
    $24,980
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,752
    Bonus
    not reported
    Other
    not reported
    Deferred
    $16,853
    Nontaxable benefits
    $8,127
    Filer's total
    $266,732

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2024
Filed
10 April 2026
IRS schema version
2024v5.0
Source object
202611039349300836

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