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Nonprofiteer
← IMAGINE ELEMENTARY AT CAMELBACK INC

Form 990 for tax year 2024

Filed by IMAGINE ELEMENTARY AT CAMELBACK INC.

Totals

Total revenue
$4,373,377
Total expenses
$4,544,442
Contributions and grants received
$1,144,008
Grants paid
$0
Program service revenue
$2,917,729
Investment income
$0
Other revenue
$311,640
Total assets, end of year
$3,308,128
Total liabilities, end of year
$2,664,451
Net assets or fund balances, end of year
$643,677
Program services expenses (Part IX)
$3,768,821
Management and general expenses
$775,621
Fundraising expenses
$0
Program service expenses (Part III)
$3,768,821

Program services were 82.9% 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)

    $1,144,008

  • 2a · Program service revenue: STATE EQUALIZATION

    total $2,635,911 · related or exempt $2,635,911

  • 2b · Program service revenue: CLASSROOM SITE FUND

    total $260,071 · related or exempt $260,071

  • 2c · Program service revenue: INSTRUCTIONAL IMPROVEMENT FUN

    total $21,747 · related or exempt $21,747

  • 6a · Gross rents

    real property $257,965

  • 6c · Rental income or loss

    real property $257,965

  • 6d · Net rental income or loss

    total $257,965 · excluded $257,965

  • 11a · Other revenue: OTHER

    total $53,675 · related or exempt $53,675

  • 11e · Other revenue, total

    $53,675

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $75,237 · program services $70,856 · management and general $4,381

  • 7 · Other salaries and wages

    total $1,581,697 · program services $1,489,606 · management and general $92,091

  • 8 · Pension plan contributions

    total $28,532 · program services $20,786 · management and general $7,746

  • 9 · Other employee benefits

    total $225,111 · program services $199,915 · management and general $25,196

  • 10 · Payroll taxes

    total $113,403 · program services $94,317 · management and general $19,086

  • 11a · Fees: management

    total $310,287 · management and general $310,287

  • 11b · Fees: legal

    total $3,185 · management and general $3,185

  • 11c · Fees: accounting

    total $21,600 · management and general $21,600

  • 11g · Fees: other

    total $160,177 · program services $155,911 · management and general $4,266

  • 12 · Advertising and promotion

    total $56,525 · management and general $56,525

  • 13 · Office expenses

    total $20,775 · program services $18,697 · management and general $2,078

  • 16 · Occupancy

    total $764,049 · program services $687,644 · management and general $76,405

  • 22 · Depreciation, depletion and amortization

    total $231,276 · program services $208,148 · management and general $23,128

  • 23 · Insurance

    total $98,321 · program services $88,489 · management and general $9,832

  • 24a · Other expenses: FOOD SERVICE

    total $347,835 · program services $347,835

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $131,398 · program services $118,258 · management and general $13,140

  • 24c · Other expenses: SUPPLIES AND INSTRUCTIONA

    total $99,181 · program services $82,209 · management and general $16,972

  • 24d · Other expenses: UTILITIES

    total $83,234 · program services $74,911 · management and general $8,323

  • 24e · All other expenses

    total $192,619 · program services $111,239 · management and general $81,380

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $729,026 · end of year $469,426

  • 3 · Pledges and grants receivable

    beginning of year $326,186 · end of year $240,033

  • 4 · Accounts receivable

    beginning of year $30,217 · end of year $29,420

  • 9 · Prepaid expenses and deferred charges

    end of year $16,513

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

    $3,055,808

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

    $2,335,023

  • 10c · Land, buildings and equipment, net

    beginning of year $652,531 · end of year $720,785

  • 15 · Other assets

    beginning of year $2,190,477 · end of year $1,831,951

  • 17 · Accounts payable and accrued expenses

    beginning of year $215,927 · end of year $248,745

  • 25 · Other liabilities

    beginning of year $2,897,768 · end of year $2,415,706

  • 27 · Net assets without donor restrictions

    beginning of year $677,365 · end of year $539,859

  • 28 · Net assets with donor restrictions

    beginning of year $137,377 · end of year $103,818

Mission and programs · 2024

Mission

IMAGINE CAMELBACK ASPIRES TO ADDRESS THE NEEDS OF INDIVIDUAL STUDENTS BY ESTABLISHING A RIGOROUS LEARNING ENVIRONMENT AND CHARACTER EDUCATION IN A SAFE AND SECURE ATMOSPHERE THROUGH PARTNERSHIPS WITH PARENTS, COMMUNITY AND STAKEHOLDERS.

Activities or mission (Part I)

TO OPERATE A NOT FOR PROFIT CHARTER SCHOOL AND CONDUCT EDUCATIONAL RESEARCH, EVALUATION, AND DEVELOPMENT ACTIVITIES.

  • OPERATION OF A CHARTER SCHOOL FOR GRADES K THROUGH 5

    Expenses $3,768,821 · Revenue $2,917,729

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

Listed in Part VII

  • RICARDO CORDOVA

    PRINCIPAL

    Total calculated
    $121,291
    From this org
    $61,673
    From related orgs
    $37,750
    Other
    $21,868
    Hours/week
    25 + 15 related

  • HERMAN ORCUTT

    VICE PRESIDE

    Total calculated
    $0

  • MIGUEL RAMIREZ

    PRESIDENT

    Total calculated
    $0

  • ANNETTE SELLERS

    SECRETARY

    Total calculated
    $0

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.

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
30 April 2026
IRS schema version
2024v5.0
Source object
202621249349301507

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