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Nonprofiteer
← LEADING EDGE ACADEMY MARICOPA

Form 990 for tax year 2024

Filed by LEADING EDGE ACADEMY MARICOPA.

Totals

Total revenue
$9,976,123
Total expenses
$9,564,149
Contributions and grants received
$1,492,249
Grants paid
$0
Program service revenue
$8,329,785
Investment income
$41,194
Other revenue
$112,895
Total assets, end of year
$23,423,623
Total liabilities, end of year
$15,710,075
Net assets or fund balances, end of year
$7,713,548
Program services expenses (Part IX)
$7,786,372
Management and general expenses
$1,757,603
Fundraising expenses
$20,174
Program service expenses (Part III)
$7,786,372

Program services were 81.4% 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.

  • 1e · Government grants (contributions)

    $1,492,249

  • 2a · Program service revenue: STATE EQUALIZATION

    total $7,479,771 · related or exempt $7,479,771

  • 2b · Program service revenue: CLASSROOM SITE FUNDS

    total $755,209 · related or exempt $755,209

  • 2c · Program service revenue: INSTRUCTIONAL IMPROVEMENT FUN

    total $63,149 · related or exempt $63,149

  • 2d · Program service revenue: STUDENT ACTIVITIES

    total $31,656 · related or exempt $31,656

  • 3 · Investment income

    total $41,194 · related or exempt $41,194

  • 11a · Other revenue: OTHER INCOME

    total $112,895 · related or exempt $112,895

  • 11e · Other revenue, total

    $112,895

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $571,432 · program services $498,841 · management and general $72,591

  • 7 · Other salaries and wages

    total $4,030,399 · program services $3,518,406 · management and general $511,993

  • 8 · Pension plan contributions

    total $77,107 · program services $74,786 · management and general $2,321

  • 9 · Other employee benefits

    total $137,590 · program services $124,089 · management and general $13,501

  • 10 · Payroll taxes

    total $348,727 · program services $339,208 · management and general $9,519

  • 11a · Fees: management

    total $912,911 · management and general $912,911

  • 11b · Fees: legal

    total $931 · management and general $931

  • 11c · Fees: accounting

    total $18,100 · management and general $18,100

  • 11g · Fees: other

    total $464,376 · program services $450,342 · management and general $14,034

  • 12 · Advertising and promotion

    total $20,092 · management and general $20,092

  • 17 · Travel

    total $12,629 · program services $723 · management and general $11,140 · fundraising $766

  • 20 · Interest

    total $795,571 · program services $795,571

  • 22 · Depreciation, depletion and amortization

    total $371,213 · program services $371,213

  • 23 · Insurance

    total $61,466 · program services $61,466

  • 24a · Other expenses: REPAIRS AND MAINTENENCE

    total $530,618 · program services $530,618

  • 24b · Other expenses: SUPPLIES

    total $500,343 · program services $366,594 · management and general $116,349 · fundraising $17,400

  • 24c · Other expenses: FOOD SERVICE

    total $383,211 · program services $381,004 · management and general $2,207

  • 24d · Other expenses: OTHER

    total $133,190 · program services $125,033 · management and general $6,149 · fundraising $2,008

  • 24e · All other expenses

    total $194,243 · program services $148,478 · management and general $45,765

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,390,491 · end of year $865,484

  • 2 · Savings and temporary cash investments

    beginning of year $1,630,803 · end of year $9,061,207

  • 4 · Accounts receivable

    beginning of year $282,451 · end of year $354,810

  • 9 · Prepaid expenses and deferred charges

    beginning of year $137,358 · end of year $127,785

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

    $15,666,000

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

    $3,062,899

  • 10c · Land, buildings and equipment, net

    beginning of year $7,001,544 · end of year $12,603,101

  • 15 · Other assets

    beginning of year $3,693,640 · end of year $411,236

  • 17 · Accounts payable and accrued expenses

    beginning of year $141,788 · end of year $126,260

  • 20 · Tax-exempt bond liabilities

    beginning of year $6,412,012 · end of year $13,888,317

  • 25 · Other liabilities

    beginning of year $280,913 · end of year $1,695,498

  • 27 · Net assets without donor restrictions

    beginning of year $6,894,614 · end of year $7,251,254

  • 28 · Net assets with donor restrictions

    beginning of year $406,960 · end of year $462,294

Mission and programs · 2024

Mission

EDUCATE STUDENTS BY OPERATING AN ARIZONA CHARTER SCHOOL.

  • LEADING EDGE ACADEMY WILL DEVELOP LIFELONG LEARNERS WHO LEAD WITH CHARACTER AND ACHIEVE ACADEMIC EXCELLENCE BY EDUCATING THE WHOLE CHILD AND FOSTERING COMMUNITY AND PARENTAL PARTNERSHIPS. THE SCHOOL PROVIDES INSTRUCTION TO STUDENTS IN GRADES KINDERGARTEN THROUGH EIGHTH.

    Expenses $7,287,531 · Revenue $8,329,785

  • LEADING EDGE ACADEMY WILL DEVELOP LIFELONG LEARNERS WHO LEAD WITH CHARACTER AND ACHIEVE ACADEMIC EXCELLENCE BY EDUCATING THE WHOLE CHILD AND FOSTERING COMMUNITY AND PARENTAL PARTNERSHIPS. THE SCHOOL PROVIDES INSTRUCTION TO STUDENTS IN GRADES KINDERGARTEN THROUGH EIGHTH.

    Expenses $498,841

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

Listed in Part VII

  • Delmer Geesey

    VICE PRESIDE

    Total calculated
    $215,855
    From this org
    $205,550
    From related orgs
    $0
    Other
    $10,305
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,550
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,305
    Nontaxable benefits
    not reported
    Filer's total
    $215,855

  • Lori Anderson

    PRESIDENT

    Total calculated
    $178,791
    From this org
    $170,285
    From related orgs
    $0
    Other
    $8,506
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,285
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,506
    Nontaxable benefits
    not reported
    Filer's total
    $178,791

  • Michelle Borja

    FINANCE DIRE

    Total calculated
    $111,166
    From this org
    $106,055
    From related orgs
    $0
    Other
    $5,111
    Hours/week
    40

  • Jennifer Garcia

    SECRETARY

    Total calculated
    $97,251
    From this org
    $89,542
    From related orgs
    $0
    Other
    $7,709
    Hours/week
    40

  • Rusty Akers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Candy Body

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aeson Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mathew Reese

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

None.

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
13 May 2026
IRS schema version
2024v5.0
Source object
202601349349303580

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