Totals
- Total revenue
- $1,950,152
- Total expenses
- $1,766,272
- Contributions and grants received
- $1,925,807
- Grants paid
- $75,000
- Program service revenue
- $24,345
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $945,734
- Total liabilities, end of year
- $406,889
- Net assets or fund balances, end of year
- $538,845
- Program services expenses (Part IX)
- $1,587,038
- Management and general expenses
- $179,234
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,587,038
Program services were 89.9% 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)
$1,859,895
-
1f · All other contributions, gifts and grants
$65,912
-
2a · Program service revenue: COMMUNITY SERVICES
total $24,345 · related or exempt $24,345
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $75,000 · program services $75,000
-
7 · Other salaries and wages
total $688,587 · program services $607,755 · management and general $80,832
-
8 · Pension plan contributions
total $2,280 · program services $1,326 · management and general $954
-
9 · Other employee benefits
total $71,936 · program services $66,986 · management and general $4,950
-
11a · Fees: management
total $65,912 · program services $58,338 · management and general $7,574
-
11c · Fees: accounting
total $20,500 · management and general $20,500
-
11g · Fees: other
total $48,479 · program services $46,901 · management and general $1,578
-
12 · Advertising and promotion
total $11,990 · program services $11,990
-
16 · Occupancy
total $205,170 · program services $205,170
-
17 · Travel
total $9,389 · program services $8,435 · management and general $954
-
22 · Depreciation, depletion and amortization
total $21,373 · program services $21,373
-
23 · Insurance
total $26,209 · program services $26,209
-
24a · Other expenses: AFFILIATE FEE
total $109,615 · program services $97,019 · management and general $12,596
-
24b · Other expenses: OTHER PURCHASED SERVICE
total $71,736 · program services $60,724 · management and general $11,012
-
24c · Other expenses: FOOD SERVICES
total $70,378 · program services $70,378
-
24d · Other expenses: TRAINING
total $40,500 · program services $40,500
-
24e · All other expenses
total $227,218 · program services $188,934 · management and general $38,284
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $462,397 · end of year $697,274
-
4 · Accounts receivable
beginning of year $32,451 · end of year $16,151
-
9 · Prepaid expenses and deferred charges
beginning of year $24,388 · end of year $25,112
-
10a · Land, buildings and equipment: cost or other basis
$161,959
-
10b · Land, buildings and equipment: accumulated depreciation
$37,018
-
10c · Land, buildings and equipment, net
beginning of year $75,294 · end of year $124,941
-
15 · Other assets
beginning of year $63,708 · end of year $82,256
-
17 · Accounts payable and accrued expenses
beginning of year $39,043 · end of year $111,785
-
24 · Unsecured notes and loans payable
beginning of year $57,688 · end of year $57,688
-
25 · Other liabilities
beginning of year $206,542 · end of year $237,416
-
27 · Net assets without donor restrictions
beginning of year $180,451 · end of year $306,912
-
28 · Net assets with donor restrictions
beginning of year $174,514 · end of year $231,933
Mission and programs · 2022
Mission
THE MISSION OF SOMERSET ACADEMY SKYWAY CAMPUS IS TO PROMOTE A TRANSFORMATIONAL CULTURE THAT MAXIMIZES STUDENT ACHIEVEMENT AND THE DEVELOPMENT OF ACCOUNTABLE, GLOBAL LEARNERS IN A SAFE AND ENRICHING ENVIRONMENT THAT FOSTERS HIGH-QUALITY EDUCATION.
-
SOMERSET ACADEMY OF ARIZONA IS DEDICATED TO PROVIDING A WELL-ROUNDED, ACADEMIC CURRICULUM IN A 'FAMILY-LIKE' ENVIRONMENT THAT IS RIGOROUS, CREATIVELY STIMULATING, AND NURTURING. SOMERSET ACADEMY OF ARIZONA WILL PROVIDE OPPORTUNITIES FOR ACTIVE INVOLVEMENT OF STUDENTS, FAMILIES, AND COMMUNITIES; PROVIDE A RIGOROUS COLLEGE-PREPARATORY PROGRAM WITH EMPHASIS ON STUDENT-CENTERED INSTRUCTION; ENHANCE CLASSROOM STUDIES WITH TECHNOLOGY AND ROBUST EXTRA-CURRICULAR PROGRAMS AND PROVIDE A NURTURING 'FAMILY-LIKE ENVIRONMENT TO FOSTER SUCCESSFUL LIFE-LONG LEARNING. FOR THE FISCAL YEAR ENDED JUNE 30, 2023, 146 STUDENTS WERE ENROLLED.
Expenses $1,587,038 · Grants $75,000 · Revenue $24,345
As filed on the 2022 return.
Listed in Part VII
-
Lourdes IslaLOURDES ISLA
DIRECTOR, CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Todd GermanTODD GERMAN
DIRECTOR, VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Ana DiazANA DIAZ
DIRECTOR, SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Taylor SmithTAYLOR SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Shelly MurphySHELLY MURPHY
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
-
$75,000
EDUCATIONAL SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 1 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430329349300413
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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