Nonprofit · EIN 86-0784125
REID TRADITIONAL SCHOOLS VALLEY ACADEMY INC
Tax-exempt · PHOENIX, AZ 85027
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $7,031,725 | $6,984,932 | $46,793 | $20,371,618 | $15,479,946 | $4,891,672 |
| June 30, 2024 | 990 | $7,007,299 | $6,764,049 | $243,250 | $20,997,934 | $16,153,055 | $4,844,879 |
| June 30, 2023 | 990 | $7,176,505 | $6,287,249 | $889,256 | $21,208,680 | $16,607,051 | $4,601,629 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $134,163
- of which government grants
- $108,380
- Program service revenue
- $6,763,110
- Investment income
- $134,452
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $109,303
- Other salaries and wages
- $3,114,828
- Salaries, compensation and benefits (total)
- $4,240,769
- Professional fundraising fees
- $0
- Legal fees
- $3,593
- Accounting fees
- $15,000
- Occupancy
- $1,262,286
- Travel
- $5,683
- Depreciation
- $88,374
- Program services (functional)
- $6,108,140
- Management and general (functional)
- $876,792
Balance sheet and other
- Total assets, start of year
- $20,997,934
- Total assets, end of year
- $20,371,618
- Total liabilities, end of year
- $15,479,946
- Net assets, end of year
- $4,891,672
- Land, buildings and equipment
- $978,376
- Net assets without donor restrictions
- $3,302,704
- Net assets with donor restrictions
- $1,588,968
- Gross receipts
- $7,031,725
- Employees
- 102
- Volunteers
- 200
- Year formed
- 1994
- 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 |
|---|---|---|---|---|
| HEIDI MITCHELL | CEO Officer | – | $0 | $178,269 |
| VICTORIA WILBER | PRINCIPAL Officer | 40 | $109,303 | $0 |
| SUSAN CHAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| YOGIN PATEL | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| CUYLER REID | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| LETHA WARNER | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| HEIDI MITCHELL | CEO Officer | – | $0 | $186,309 |
| VICTORIA WILBER | PRINCIPAL Officer | 40 | $119,602 | $0 |
| SUSAN CHAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| YOGIN PATEL | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| CUYLER REID | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| LETHA WARNER | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| HEIDI MITCHELL | CEO Officer | – | $0 | $178,269 |
| VICTORIA WILBER | PRINCIPAL Officer | 40 | $109,303 | $0 |
| YOGIN PATEL | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| CUYLER REID | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| LETHA WARNER | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1520 W ROSE GARDEN LN, PHOENIX, AZ 85027-3529
- Principal officer (990 for 2024)
- HEIDI MITCHELL, 1520 W ROSE GARDEN LANE, PHOENIX, AZ 85027
- Signed the 990
- HEIDI MITCHELL, CEO
- Phone
- (623) 516-7747
- Website
- WWW.VALLEYACADEMY.COM
- Return prepared by
- FESTER & CHAPMAN PLLC
Mission
FOUNDED IN 1995, RTS VALLEY ACADEMY IS ONE OF ARIZONA'S FIRST CHARTER SCHOOLS. IT HAS BEEN NOMINATED AS A 2014 BLUE RIBBON SCHOOL, AN AWARD BESTOWED BY THE U.S. DEPARTMENT OF EDUCATION FOR CONTINUOUS ACADEMIC EXCELLENCE. PAST AWARDS INCLUDE THE ARIZONA CHARTER SCHOOLS ASSOCIATIONS' (ACSA) 2011 CHARTER SCHOOL OF THE YEAR; ACSA 2010 BUSINESS LEADERSHIP OF THE YEAR; ACSA 2008 CHARTER SCHOOL TEACHER OF THE YEAR. THE SCHOOL HAS CONSISTENTLY EARNED THE TOP POSSIBLE RATING FROM THE ARIZONA DEPARTMENT OF EDUCATION EVERY YEAR OF ITS EXISTENCE. THE MISSION OF REID TRADITIONAL SCHOOLS IS TO OFFER BACK-TO-BASICS, TRADITIONAL EDUCATION BY PROVIDING A CHALLENGING, SEQUENTIAL, TEACHER- DIRECTED, STANDARDS-BASED, TEXTBOOK-DRIVEN CURRICULUM SUPPORTED BY INDIVIDUAL ACCOUNTABILITY AND HIGH ACADEMIC AND BEHAVIORAL STANDARDS.
Program accomplishments
- RTS VALLEY ACADEMY IS ONE OF THE FIRST CHARTER SCHOOLS ESTABLISHED IN ARIZONA. THROUGH 29 YEARS, THE SCHOOL HAS CONSISTENTLY EARNED THE HIGHEST POSSIBLE RATING FROM THE STATE EACH AND EVERY YEAR. RTS VALLEY ACADEMY WAS NAMED A 2014 NATIONAL BLUE RIBBON SCHOOL, AN AWARD BESTOWED BY THE U.S. DEPARTMENT OF EDUCATION FOR CONTINUOUS ACADEMIC EXCELLENCE. RTS VALLEY ACADEMY IS ALSO THE ARIZONA 2011 CHARTER SCHOOL OF THE YEAR. THE ARIZONA CHARTER SCHOOLS ASSOCIATION ALSO BESTOWED AWARDS TO RTS VALLEY ACADEMY STAFF OF 2010 BUSINESS LEADERSHIP OF THE YEAR AND 2008 CHARTER SCHOOL TEACHER OF THE YEAR. WE ARE PROUD OF THE ACCOMPLISHMENTS BECAUSE THEY REPRESENT PUBLIC RECOGNITION OF OUR SUCCESS IN PREPARING CHILDREN FOR COLLEGE, CAREER, AND LIFE.Expenses $6,108,140 · revenue $6,763,110
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
- 86-0784125
- 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
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20I)
- Assets (IRS master file)
- $20,371,618
- Income (IRS master file)
- $7,031,725
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $7,031,725 | $6,984,932 | $20,371,618 | IRS |
| 990 | June 2024 | $7,007,299 | $6,764,049 | $20,997,934 | XML |
| 990 | June 2023 | $7,176,505 | $6,287,249 | $21,208,680 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 86-0784125).
Questions about REID TRADITIONAL SCHOOLS VALLEY ACADEMY INC
- What is the EIN of REID TRADITIONAL SCHOOLS VALLEY ACADEMY INC?
- The employer identification number (EIN) of REID TRADITIONAL SCHOOLS VALLEY ACADEMY INC is 86-0784125.
- Is REID TRADITIONAL SCHOOLS VALLEY ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to REID TRADITIONAL SCHOOLS VALLEY ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does REID TRADITIONAL SCHOOLS VALLEY ACADEMY INC 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 REID TRADITIONAL SCHOOLS VALLEY ACADEMY INC 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 REID TRADITIONAL SCHOOLS VALLEY ACADEMY INC 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 REID TRADITIONAL SCHOOLS VALLEY ACADEMY INC?
- The 990 for the year ended June 30, 2025 names HEIDI MITCHELL.
- Who are the officers and directors of REID TRADITIONAL SCHOOLS VALLEY ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 1 received compensation from the organization.
- How much revenue does REID TRADITIONAL SCHOOLS VALLEY ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $7,031,725, expenses of $6,984,932 and total assets of $20,371,618 at year end.
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