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Nonprofiteer
← SELF DEVELOPMENT ACADEMY-PHOENIX INC

Form 990 for tax year 2022

Filed by SELF DEVELOPMENT ACADEMY-PHOENIX INC.

Totals

Total revenue
$3,650,122
Total expenses
$3,161,492
Contributions and grants received
$3,612,116
Grants paid
$0
Program service revenue
$31,968
Investment income
$65
Other revenue
$5,973
Total assets, end of year
$6,814,131
Total liabilities, end of year
$4,865,542
Net assets or fund balances, end of year
$1,948,589
Program services expenses (Part IX)
$2,862,841
Management and general expenses
$298,651
Fundraising expenses
$0
Program service expenses (Part III)
$2,862,841

Program services were 90.6% 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)

    $3,609,626

  • 1f · All other contributions, gifts and grants

    $2,490

  • 2a · Program service revenue: LEASED EMPLOYEE SERVICES

    total $20,592 · related or exempt $20,592

  • 2b · Program service revenue: SCHOOL ACTIVITIES

    total $6,849 · related or exempt $6,849

  • 2c · Program service revenue: FOOD SERVICE SALES

    total $4,527 · related or exempt $4,527

  • 3 · Investment income

    total $65 · related or exempt $65

  • 11a · Other revenue: MISCELLANEOUS

    total $5,973 · related or exempt $5,973

  • 11e · Other revenue, total

    $5,973

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $219,980 · program services $219,980

  • 7 · Other salaries and wages

    total $1,364,437 · program services $1,272,001 · management and general $92,436

  • 9 · Other employee benefits

    total $195,826 · program services $184,503 · management and general $11,323

  • 10 · Payroll taxes

    total $121,208 · program services $114,137 · management and general $7,071

  • 11c · Fees: accounting

    total $40,613 · management and general $40,613

  • 11g · Fees: other

    total $231,875 · program services $146,069 · management and general $85,806

  • 12 · Advertising and promotion

    total $54,556 · management and general $54,556

  • 13 · Office expenses

    total $90,692 · program services $83,846 · management and general $6,846

  • 14 · Information technology

    total $26,968 · program services $26,968

  • 16 · Occupancy

    total $242,359 · program services $242,359

  • 20 · Interest

    total $173,508 · program services $173,508

  • 22 · Depreciation, depletion and amortization

    total $177,655 · program services $177,655

  • 23 · Insurance

    total $15,846 · program services $15,846

  • 24a · Other expenses: STUDENT TRANSPORTATION

    total $205,969 · program services $205,969

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,106,689 · end of year $2,692,844

  • 3 · Pledges and grants receivable

    beginning of year $165,369 · end of year $34,490

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,000

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

    $4,477,224

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

    $476,523

  • 10c · Land, buildings and equipment, net

    beginning of year $4,155,019 · end of year $4,000,701

  • 15 · Other assets

    end of year $86,096

  • 17 · Accounts payable and accrued expenses

    beginning of year $68,557 · end of year $73,610

  • 22 · Loans and payables to officers and key people

    beginning of year $31,991 · end of year $39,489

  • 23 · Secured mortgages and notes payable

    beginning of year $4,865,952 · end of year $4,752,443

  • 25 · Other liabilities

    beginning of year $14,618

  • 27 · Net assets without donor restrictions

    beginning of year $1,378,142 · end of year $1,948,589

  • 28 · Net assets with donor restrictions

    beginning of year $81,817

Mission and programs · 2022

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 $2,695,197 · Revenue $11,376

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

    Expenses $167,644 · Revenue $20,592

As filed on the 2022 return.

Listed in Part VII

  • Anjum Majeed

    SUPERINTENDE

    Total calculated
    $113,925
    From this org
    $113,925
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Asif Majeed

    PRESIDENT

    Total calculated
    $69,283
    From this org
    $69,283
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Vernetta Madsen

    VP/SECRETARY

    Total calculated
    $36,772
    From this org
    $36,772
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • 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 $20,592 · assets $106,936

    Directly controlled by SDA-PHX

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202411369349311481

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