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← SELF DEVELOPMENT ACADEMY-PHOENIX INC

Form 990 for tax year 2023

Filed by SELF DEVELOPMENT ACADEMY-PHOENIX INC.

Totals

Total revenue
$3,841,689
Total expenses
$3,231,275
Contributions and grants received
$3,806,255
Grants paid
$0
Program service revenue
$18,176
Investment income
$35
Other revenue
$17,223
Total assets, end of year
$7,292,111
Total liabilities, end of year
$4,733,108
Net assets or fund balances, end of year
$2,559,003
Program services expenses (Part IX)
$2,876,225
Management and general expenses
$355,050
Fundraising expenses
$0
Program service expenses (Part III)
$2,876,225

Program services were 89.0% 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)

    $3,801,612

  • 1f · All other contributions, gifts and grants

    $4,643

  • 2a · Program service revenue: FOOD SERVICE SALES

    total $8,978 · related or exempt $8,978

  • 2b · Program service revenue: LEASED EMPLOYEE SERVICES

    total $8,300 · related or exempt $8,300

  • 2c · Program service revenue: SCHOOL ACTIVITIES

    total $898 · related or exempt $898

  • 3 · Investment income

    total $35 · related or exempt $35

  • 11a · Other revenue: MISCELLANEOUS

    total $17,223 · related or exempt $17,223

  • 11e · Other revenue, total

    $17,223

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $256,858 · program services $256,858

  • 7 · Other salaries and wages

    total $1,387,725 · program services $1,285,123 · management and general $102,602

  • 9 · Other employee benefits

    total $133,754 · program services $125,027 · management and general $8,727

  • 10 · Payroll taxes

    total $121,986 · program services $114,137 · management and general $7,849

  • 11c · Fees: accounting

    total $42,955 · management and general $42,955

  • 11g · Fees: other

    total $290,392 · program services $156,251 · management and general $134,141

  • 12 · Advertising and promotion

    total $55,434 · management and general $55,434

  • 13 · Office expenses

    total $90,523 · program services $87,181 · management and general $3,342

  • 14 · Information technology

    total $13,524 · program services $13,524

  • 16 · Occupancy

    total $236,495 · program services $236,495

  • 20 · Interest

    total $169,260 · program services $169,260

  • 22 · Depreciation, depletion and amortization

    total $169,242 · program services $169,242

  • 23 · Insurance

    total $29,551 · program services $29,551

  • 24a · Other expenses: STUDENT TRANSPORTATION

    total $233,576 · program services $233,576

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,692,844 · end of year $3,040,993

  • 3 · Pledges and grants receivable

    beginning of year $34,490 · end of year $196,916

  • 9 · Prepaid expenses and deferred charges

    end of year $1,868

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

    $4,541,909

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

    $645,766

  • 10c · Land, buildings and equipment, net

    beginning of year $4,000,701 · end of year $3,896,143

  • 15 · Other assets

    beginning of year $86,096 · end of year $156,191

  • 17 · Accounts payable and accrued expenses

    beginning of year $73,610 · end of year $91,363

  • 22 · Loans and payables to officers and key people

    beginning of year $39,489 · end of year $8,587

  • 23 · Secured mortgages and notes payable

    beginning of year $4,752,443 · end of year $4,633,158

  • 27 · Net assets without donor restrictions

    beginning of year $1,948,589 · end of year $2,559,003

Mission and programs · 2023

Mission

OPERATING AN ARIZONA PUBLIC CHARTER SCHOOL.

  • THE SCHOOL IS A COLLEGE PREPARATORY CHARTER SCHOOL SERVING GRADES KINDERGARTEN THROUGH EIGHTH. THE SCHOOL CONDUCTS STANDARDS BASED INSTRUCTION FOR ENROLLED STUDENTS WITH A FOCUS ON DEVELOPING EVERY STUDENT'S CHARACTER AND KNOWLEDGE THROUGH THE TIME-TESTED PEDAGOGICAL METHODS.

    Expenses $2,876,225 · Revenue $9,876

  • EMPLOYED AND LEASED QUALIFIED EMPLOYEES TO AFFILIATED CHARTER SCHOOLS BEGINNING JANUARY 1, 2019.

    Revenue $8,300

As filed on the 2023 return.

Listed in Part VII

  • Anjum Majeed

    SUPERINTENDE

    Total calculated
    $130,544
    From this org
    $126,742
    From related orgs
    $0
    Other
    $3,802
    Hours/week
    20

  • Asif Majeed

    PRESIDENT

    Total calculated
    $122,938
    From this org
    $80,158
    From related orgs
    $38,061
    Other
    $4,719
    Hours/week
    20

  • Vernetta Madsen

    VP/SECRETARY

    Total calculated
    $45,321
    From this org
    $44,001
    From related orgs
    $0
    Other
    $1,320
    Hours/week
    15

  • Rachel Hunt

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patricia Jimenez

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alysha Teed

    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.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SELF DEVELOPMENT ED RESOURCES

    EE LEASING · AZ · income $16,074 · assets $138,630

    Directly controlled by SDA-PHX

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202521349349309052

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