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Nonprofiteer
← MORRISON EDUCATION GROUP INC

Form 990 for tax year 2023

Filed by MORRISON EDUCATION GROUP INC.

Totals

Total revenue
$3,753,504
Total expenses
$4,514,676
Contributions and grants received
$0
Grants paid
$1,134,528
Program service revenue
$0
Investment income
$500,695
Other revenue
$3,252,809
Total assets, end of year
$60,440,316
Total liabilities, end of year
$60,785,572
Net assets or fund balances, end of year
-$345,256
Program services expenses (Part IX)
$3,389,874
Management and general expenses
$1,124,802
Fundraising expenses
$0
Program service expenses (Part III)
$3,389,874

Program services were 75.1% 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.

  • 3 · Investment income

    total $500,695 · excluded $500,695

  • 6a · Gross rents

    real property $2,493,314

  • 6c · Rental income or loss

    real property $2,493,314

  • 6d · Net rental income or loss

    total $2,493,314 · excluded $2,493,314

  • 8a · Fundraising events: gross income

    $24,311

  • 8b · Fundraising events: direct expenses

    $8,133

  • 8c · Net income from fundraising events

    total $16,178

  • 11a · Other revenue: MISCELLANEOUS

    total $743,317 · related or exempt $743,317

  • 11e · Other revenue, total

    $743,317

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,134,528 · program services $1,134,528

  • 5 · Compensation of officers, directors and key employees

    total $181,056 · management and general $181,056

  • 7 · Other salaries and wages

    total $319,743 · management and general $319,743

  • 9 · Other employee benefits

    total $46,924 · management and general $46,924

  • 10 · Payroll taxes

    total $38,311 · management and general $38,311

  • 11b · Fees: legal

    total $9,673 · management and general $9,673

  • 11c · Fees: accounting

    total $45,839 · management and general $45,839

  • 11g · Fees: other

    total $20,175 · program services $2,287 · management and general $17,888

  • 12 · Advertising and promotion

    total $2,427 · management and general $2,427

  • 13 · Office expenses

    total $16,384 · management and general $16,384

  • 16 · Occupancy

    total $2,313 · management and general $2,313

  • 17 · Travel

    total $9,151 · program services $1,083 · management and general $8,068

  • 20 · Interest

    total $1,683,068 · program services $1,430,608 · management and general $252,460

  • 22 · Depreciation, depletion and amortization

    total $915,697 · program services $778,342 · management and general $137,355

  • 23 · Insurance

    total $10,342 · management and general $10,342

  • 24a · Other expenses: MISCELLANEOUS

    total $40,072 · program services $31,892 · management and general $8,180

  • 24b · Other expenses: SUPPLIES & INSTRUCTIONAL

    total $32,235 · program services $11,134 · management and general $21,101

  • 24c · Other expenses: UTILITIES

    total $5,288 · management and general $5,288

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $1,450 · management and general $1,450

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,744,606 · end of year $3,187,691

  • 3 · Pledges and grants receivable

    beginning of year $742,180 · end of year $77,111

  • 4 · Accounts receivable

    beginning of year $2,733

  • 9 · Prepaid expenses and deferred charges

    beginning of year $63,628 · end of year $64,453

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

    $46,241,270

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

    $4,679,108

  • 10c · Land, buildings and equipment, net

    beginning of year $22,622,197 · end of year $41,562,162

  • 15 · Other assets

    beginning of year $176,433 · end of year $15,548,899

  • 17 · Accounts payable and accrued expenses

    beginning of year $271,593 · end of year $5,014,097

  • 20 · Tax-exempt bond liabilities

    beginning of year $26,552,346 · end of year $55,515,622

  • 24 · Unsecured notes and loans payable

    beginning of year $117,084 · end of year $69,329

  • 25 · Other liabilities

    end of year $186,524

  • 27 · Net assets without donor restrictions

    beginning of year -$1,107,900 · end of year -$345,256

  • 28 · Net assets with donor restrictions

    beginning of year $518,654

Mission and programs · 2023

Mission

SUN VALLEY ACADEMY HAS MADE A COMMITMENT TO PROVIDE EACH STUDENT WITH A QUALITY EDUCATION THROUGH HIGH STANDARDS AND HIGH ACHIEVEMENT. WE FOSTER A SCHOOL CULTURE IN WHICH TEACHERS, STUDENTS, AND PARENTS ARE ACTIVE PARTICIPANTS. OUR PURSUIT OF ACADEMIC EXCELLENCE IS ENHANCED BY FAMILY PARTNERSHIPS AND THE DEVELOPMENT OF LEADERSHIP SKILLS. THIS DYNAMIC COMBINATION MOTIVATES STUDENTS TO EMBRACE LIFE-LONG LEARNING AND TO BECOME PRODUCTIVE MEMBERS OF OUR COMMUNITY. SUN VALLEY ACADEMY EMPOWERS EVERY STUDENT, EVERY DAY, THROUGH HIGH STANDARDS AND HIGH ACHIEVEMENT.

  • SUN VALLEY ACADEMY HAS MADE A COMMITMENT TO PROVIDE EACH STUDENT WITH A QUALITY EDUCATION THROUGH HIGH STANDARDS AND HIGH ACHIEVEMENT. WE FOSTER A SCHOOL CULTURE IN WHICH TEACHERS, STUDENTS, AND PARENTS ARE ACTIVE PARTICIPANTS. OUR PURSUIT OF ACADEMIC EXCELLENCE IS ENHANCED BY FAMILY PARTNERSHIPS AND THE DEVELOPMENT OF LEADERSHIP SKILLS. THIS DYNAMIC COMBINATION MOTIVATES STUDENTS TO EMBRACE LIFE-LONG LEARNING AND TO BECOME PRODUCTIVE MEMBERS OF OUR COMMUNITY. SUN VALLEY ACADEMY EMPOWERS EVERY STUDENT, EVERY DAY, THROUGH HIGH STANDARDS AND HIGH ACHIEVEMENT.

    Expenses $3,389,874 · Grants $1,134,528

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tanae Morrison

    EXECUTIVE DI

    Total calculated
    $216,280
    From this org
    $181,056
    From related orgs
    $0
    Other
    $35,224
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,056
    Bonus
    not reported
    Other
    not reported
    Deferred
    $35,224
    Nontaxable benefits
    not reported
    Filer's total
    $216,280

  • April Beaty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Juniper Dery-Chaffin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rodney Jenkins

    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. 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 · 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

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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SUN VALLEY EDUCATION LLC

    PRESCHOOL · AZ

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501359349305660

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