Nonprofit · EIN 26-0664313
ASU PREPARATORY ACADEMY
Tax-exempt · TEMPE, AZ 85287
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $82,625,017 | $87,114,925 | -$4,489,908 | $38,533,671 | $17,587,663 | $20,946,008 |
| June 30, 2024 | 990 | $82,416,980 | $87,879,355 | -$5,462,375 | $45,874,621 | $20,438,705 | $25,435,916 |
| June 30, 2023 | 990 | $76,710,496 | $78,160,954 | -$1,450,458 | $54,319,569 | $23,237,403 | $31,082,166 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $80,994,157
- of which government grants
- $77,114,089
- Program service revenue
- $909,213
- Investment income
- $0
- Other revenue
- $721,647
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $868,473
- Other salaries and wages
- $43,418,802
- Salaries, compensation and benefits (total)
- $57,706,240
- Professional fundraising fees
- $0
- Legal fees
- $118,742
- Accounting fees
- $60,000
- Occupancy
- $4,492,419
- Travel
- $1,049,080
- Depreciation
- $4,895,646
- Program services (functional)
- $60,229,172
- Management and general (functional)
- $26,885,753
Balance sheet and other
- Total assets, start of year
- $45,874,621
- Total assets, end of year
- $38,533,671
- Total liabilities, end of year
- $17,587,663
- Net assets, end of year
- $20,946,008
- Land, buildings and equipment
- $18,418,385
- Net assets without donor restrictions
- $20,687,357
- Net assets with donor restrictions
- $258,651
- Gross receipts
- $82,625,017
- Employees
- 1,025
- Volunteers
- 278
- Year formed
- 2007
- State of legal domicile
- AZ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LISA EDGAR | CHIEF PTNRSH Officer | 40 | $300,378 | $0 | $45,622 |
| LEAH LOMMEL | CHIEF ADMIN Officer | 40 | $257,272 | $0 | $39,720 |
| PHILLIP NETOLICKY | CFO Officer | – | $0 | $241,752 | $24,980 |
| DAVID TIMOTHY SUDARMA | CHIEF TECH O Officer | 40 | $193,048 | $0 | $32,433 |
| JILL ROGIER | HEAD OF SCHO Highest-paid employee | 40 | $175,926 | $0 | $29,544 |
| ELIZABETH FOWLER | HEAD IMMERSI Highest-paid employee | 40 | $173,950 | $0 | $29,301 |
| TERESA KING | DIR PTNRSHP Highest-paid employee | 40 | $163,184 | $0 | $27,982 |
| COREY WOODS | ED COMMUNITY Highest-paid employee | 40 | $160,936 | $0 | $26,690 |
| CHRISTINA CLEUGH | DIR NATIONAL Highest-paid employee | 40 | $155,466 | $0 | $19,400 |
| GEORGE DEAN | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JOSE CARDENAS | VICE CHAIRPE Trustee or director, Officer | 2 | $0 | $0 | $0 |
| AMY MCGRATH | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JULIE YOUNG | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| KATIE RATLIEF | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LISA EDGAR | CHIEF PTNRSH Officer | 40 | $307,349 | $45,554 |
| LEAH LOMMEL | CHIEF ADMIN Officer | 40 | $247,928 | $38,276 |
| REBECCA HILL | CHIEF OF STA Officer | 40 | $187,264 | $30,862 |
| DAVID TIMOTHY SUDARMA | CHIEF TECH O Officer | 40 | $185,796 | $30,678 |
| TERESA KING | DIR NATIONAL Highest-paid employee | 40 | $169,651 | $28,706 |
| JILL ROGIER | HEAD OF SCHO Highest-paid employee | 40 | $160,761 | $27,616 |
| COREY WOODS | ED COMMUNITY Highest-paid employee | 40 | $155,465 | $25,768 |
| CHRISTINA CLEUGH | DIR NATIONAL Highest-paid employee | 40 | $160,056 | $19,574 |
| ELIZABETH FOWLER | HEAD OF SCHO Highest-paid employee | 40 | $152,338 | $26,590 |
| PHILLIP NETOLICKY | CFO Officer | – | $0 | $0 |
| GEORGE DEAN | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| JOSE CARDENAS | VICE CHAIRPE Trustee or director, Officer | 2 | $0 | $0 |
| AMY MCGRATH | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JULIE YOUNG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KATIE RATLIEF | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LISA EDGAR | CHIEF PTNRSH Officer | 40 | $289,737 | $42,646 |
| DAVID TIMOTHY SUDARMA | CHIEF TECH O Officer | 40 | $194,611 | $30,867 |
| JILL ROGIER | HEAD OF SCHO Highest-paid employee | 40 | $168,613 | $27,671 |
| COREY WOODS | CHIEF OF STA Highest-paid employee | 40 | $164,232 | $27,132 |
| CARRIE LARSON | HEAD OF SCHO Highest-paid employee | 40 | $158,296 | $26,414 |
| FORREST VALORA | FINANCE/BUDG Officer | 40 | $154,292 | $25,899 |
| CHRISTINA CLEUGH | DIR NATIONAL Highest-paid employee | 40 | $154,806 | $19,073 |
| TERESA KING | DIR NATIONAL Highest-paid employee | 40 | $139,054 | $24,033 |
| LEAH LOMMEL | CHIEF ADMIN Officer | 40 | $84,165 | $12,076 |
| PHILLIP NETOLICKY | ED BUDGET & Officer | 2 | $0 | $0 |
| GEORGE DEAN | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| JOSE CARDENAS | VICE CHAIRPE Trustee or director, Officer | 2 | $0 | $0 |
| JAMES RUND | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 877304, TEMPE, AZ 85287-7304
- In care of
- % ARIZONA STATE UNIVERSITY
- Principal officer (990 for 2024)
- PHILLIP NETOLICKY, 300 E UNIVERSITY DR 210, TEMPE, AZ 85281
- Signed the 990
- PHILLIP NETOLICKY, CFO
- Phone
- (480) 727-5809
- Website
- HTTPS://ASUPREP.ASU.EDU/
- Return prepared by
- FESTER & CHAPMAN PLLC
Mission
OUR MISSION IS TO AFFORD STUDENTS AN OPTIMUM ENVIRONMENT FOR LEARNING, HELP THEM ACHIEVE THEIR POTENTIAL AND ENSURE THE APPROPRIATE LEVEL OF COLLEGE READINESS.
Program accomplishments
- EDUCATION - THE SCHOOL SERVED APPROXIMATELY 7,263 STUDENTS IN GRADES PRE- SCHOOL THROUGH 12 FOR THE FISCAL YEARExpenses $60,229,172 · revenue $909,213
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 26-0664313
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $38,533,671
- Income (IRS master file)
- $82,625,017
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $82,625,017 | $87,114,925 | $38,533,671 | XML |
| 990 | June 2024 | $82,416,980 | $87,879,355 | $45,874,621 | XML |
| 990 | June 2023 | $76,710,496 | $78,160,954 | $54,319,569 | XML |
| 990 | June 2022 | $81,078,916 | $70,950,080 | $60,780,022 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about ASU PREPARATORY ACADEMY
- What is the EIN of ASU PREPARATORY ACADEMY?
- The employer identification number (EIN) of ASU PREPARATORY ACADEMY is 26-0664313.
- Is ASU PREPARATORY ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to ASU PREPARATORY ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASU PREPARATORY ACADEMY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASU PREPARATORY ACADEMY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASU PREPARATORY ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ASU PREPARATORY ACADEMY?
- The 990 for the year ended June 30, 2025 names PHILLIP NETOLICKY.
- Who are the officers and directors of ASU PREPARATORY ACADEMY?
- The 990 for the year ended June 30, 2025 lists 14 people; 8 received compensation from the organization, the highest $300,378 (LISA EDGAR, CHIEF PTNRSH).
- How much revenue does ASU PREPARATORY ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $82,625,017, expenses of $87,114,925 and total assets of $38,533,671 at year end.
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