2024-05-15T11:03:32-05:00 2023-06-30 SARVAS COLEMAN & TOBIN PC 5050 NORTH 40TH STREET SUITE 310 PHOENIX AZ 85018 990 2022-07-01 383463353 AMERICAN CHARTER SCHOOLS FOUNDATION % THEODORE FREDERICK AMER 6029532933 6150 NORTH 16th STREET SUITE A PHOENIX AZ 85016 THEODORE FREDERICK PRESIDENT 6029532933 2024-05-15 true THEODORE FREDERICK 999009999 TERRY B SARVAS CPA P00169965 6022411200 2 2022 2023-04-26 12:10:37Z THEODORE FREDERICK 6150 NORTH 16th STREET STE A PHOENIX AZ 85016 50258393 false X HTTP://ACSFOUNDATION.ORG/ X 1998 MI IMPROVE THE PUBLIC SCHOOL SYSTEM BY CREATING A MORE COMPETITIVE ENVIRONMENT,PROVIDING PARENTS AND STUDENTS WITH THE FREEDOM OF CHOICE AND STRIVING FOR A HIGHER ACADEMIC STANDARD 6 5 1 0 45956990 50313150 0 0 119049 135995 -575639 -190752 45500400 50258393 0 0 0 0 136080 136080 0 0 0 41791863 45521464 41927943 45657544 3572457 4600849 87939377 91352577 79474935 78313519 8464442 13039058 THE AMERICAN CHARTER SCHOOLS FOUNDATION MISSION IS TO PROMOTE CHOICE AND COMPETITION IN PUBLIC EDUCATION FOR ALL STUDENTS, INCLUDING THOSE WITH SPECIAL NEEDS, AND TO HELP THEM PURSUE THEIR INDIVIDUAL ACADEMIC GOALS. false false 36519946 50313150 EMPHASIZE ACADEMIC COURSE WORK DESIGNED TO ADDRESS EACH STUDENT'S INDIVIDUAL NEEDS AND INVOLVEMENT IN A LEARNING ENVIRONMENT THAT ENCOURAGES RESPECT, RESPONSIBILITY, CHOICE, SERVICE AND HIGH EXPECTATIONS. 36519946 true true false false false false false false false false true false false true true true true false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 74 0 true 1 true false false false false false false false false X 6 5 false true false false false false false true false false false true true true true true true true false false X THEODORE FREDERICK 6029532933 6150 N 16TH STREET STE A PHOENIX AZ 85016 THEODORE FREDERICK PRESIDENT/EXECUTIVE DIRECTOR 40.0 0.0 X X 136080 0 0 GARY BAE SECRETARY 0.0 0.0 X X 0 0 0 JOHN MATTHEWS Vice Chair 0.0 0.0 X X 0 0 0 GINA CONFLITTI BOARD CHAIR 0.0 0.0 X X 0 0 0 BENJAMIN BUCHANAN DIRECTOR 0.0 0.0 X 0 0 0 JESUS DE LA CRUZ DIRECTOR 0.0 0.0 X 0 0 0 136080 0 0 1 false false false LEONA ARIZONA EMPLOYMENT GROUP LLC 6150 NORTH 16th STREET SUITE A PHOENIX AZ 85016 CONTRACTED SERVICES 21357928 LEONA ARIZONA MANAGEMENT LLC 6150 NORTH 16th STREET SUITE A PHOENIX AZ 85016 MANAGEMENT SERVICES 6874727 NUTRITION ONE LLC 9299 W OLIVE AVE STE 205 PEORIA AZ 85345 CATERING 782302 AZ AIRCOMPANY LLC 15809 N 47TH DR GLENDALE AZ 85306 AIR CONDITIONING SER 298627 BLUUM OF TEXAS LLC 4675 E COTTON CENTER BLVD STE 155 PHOENIX AZ 85040 TECHNOLOGY solutions 601192 9 49860957 452193 50313150 0 135995 135995 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 UNREALIZED LOSS ON INVESTMENTS -190752 -190752 -190752 50258393 -54757 0 0 0 0 136080 0 136080 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1490731 1307461 183270 0 949403 824648 124755 0 0 0 4427742 4427742 0 2423506 2423506 0 PURCHASED SERVICES 10839610 7379703 3459907 PERSONNEL 22815021 17994421 4820600 SUPPLIES & MATERIALS 1910652 1757962 152690 OTHER 664799 404503 260296 45657544 36519946 9137598 0 10154405 13843369 0 0 0 0 2862995 3573051 0 0 0 0 0 0 0 0 17307 48271 98718286 36082769 64440023 62635517 5075335 4884582 0 0 0 0 0 0 5389312 6367787 87939377 91352577 4495825 4516505 0 0 290134 54979 74398324 73137486 0 0 0 0 290652 149058 0 0 0 455491 79474935 78313519 X 8464442 13039058 0 0 8464442 13039058 87939377 91352577 4600849 -26233 X false true X false true true X 34975410 36282602 35351053 45956990 50313150 202879205 0 0 34975410 36282602 35351053 45956990 50313150 202879205 0 202879205 126475 122621 119034 119049 135995 623174 0 80778 5 80783 203583162 0.99654 0.99660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15097692 15097692 73532001 26701249 46830752 10088593 9381520 707073 62635517 REFUNDABLE DEPOSITS 64971 RESTRICTED CASH 5755118 CONSTRUCTION IN PROGRESS 118197 RIGHT OF USE ASSET - OPERATING 429501 6367787 0 OPERATING LEASE LIABILITY 455491 455491 X 50258393 50258393 50258393 45657544 45657544 45657544 FIN48 Footnote The Foundation and the Schools are exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 43-1201(4) of the Arizona Revised Statues. However, the Organization remains subject to income taxes on any net income that is derived from a trade or business, regularly carried on and not in furtherance of the purpose for which it was granted exemption. The Organization has adopted the provisions of FASB ASC 740-10 (formerly FIN 48, "Accounting for Uncertainty in Income Taxes"), which prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The Organization's federal income tax returns are subject to examination by the Internal Revenue Service, generally for a period of three years after they were filed. In the event the Organization is assessed interest or penalties by major tax jurisdictions, it will be included in the provision for income taxes in the combined financial statements. A ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 04052BAU8 2017-05-09 74366168 EDUCATION false false false B ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 2020-10-13 6935727 EDUCATION false false false A 0 0 74366168 5323400 0 0 1837888 0 0 0 67204880 0 2017 true false true true B 0 0 6935727 228096 274926 0 364246 0 0 2414654 3653805 0 2021 false false false true A 0 B 0 A false true true false 0 false 0 false true B false true false false 0 false 0 false true A false B false Governing Body and Management - PART VI SECTION A LINES 8A AND 8B The Foundation documents all board meetings and does not have any committees. Policies - PART VI SECTION B LINE 12C Each year the board members declare any relationships that might result in conflicts of interest. The President of the Foundation monitors this to ensure that board members with possible conflicts of interest do not vote or make motions regarding areas of possible conflict. Governing Body and Management - PART VI SECTION B LINE 11A The governing board reviews a draft copy of the From 990 before it is finalized. Governing Body and Management - PART VI SECTION A LINE 3 The Foundation entered into a management agreement with Leona Arizona Management, LLC to provide essentially all the educational and operational services, management and employees necessary for the daily operation of the schools. Policies - PART VI SECTION B LINE 15A THE FOUNDATION'S COMPENSATION BOARD WILL PERIODICALLY ASSESS THE REASONABLENESS OF THE COMPENSATION THAT WILL BE PAID TO THE EXECUTIVE DIRECTOR AND THE RANGES OF COMPENSATION THAT WILL BE PAID TO ANY OTHER EXECUTIVES IN LIGHT OF THE EXECUTIVES' DUTIES, QUALIFICATIONS, AND TIME COMMITMENT. THE BOARD WILL PRESENT ITS RECOMMENDATIONS AND THE BASIS OF ITS RECOMMENDATIONS TO THE FULL BOARD OF DIRECTORS FOR ITS APPROVAL. TO HELP DETERMINE SALARY RANGES FOR EXECUTIVES THE BOARD WILL REVIEW COMPENSATION STUDIES, AS WELL AS REGIONAL COMPENSATION SURVEYS AND DIRECTOR COMPARISONS TO AT LEAST FIVE NON-PROFIT ORGANIZATIONS THAT ARE COMPARABLE IN SIZE, FUNCTION, AND GEOGRAPHICAL LOCATION TO THE FOUNDATION. Disclosure - PART VI SECTION C LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL INFORMATION ARE AVAILABLE UPON REQUEST. FINANCIAL INFORMATION FOR THE SCHOOLS IS AVAILABLE AT THE ARIZONA DEPARTMENT OF EDUCATION WEBSITE. KAIZEN EDUCATION FOUNDATION 6150 NORTH 16th STREET STE A PHOENIX AZ 85016 800197489 EDUCATION AZ 501(C)(3) 7 false false false false false false false false false false false false false false true true false false false false