PRECISION ACADEMY PRECISION HIGH SCHOOL

Address
929 N VAL VISTA DR STE 109 PMB 101
GILBERT, AZ 85234-3706
Contact
Phone: +1 (480) 967-5455
Nonprofit
NTEE: B25 - Secondary, High School
EIN: 86-0931673

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE STUDENTS WITH THE KNOWLEDGE AND SKILLS THEY WILL NEED IN ORDER TO LEAD PRODUCTIVE LIVES AND TO FOSTER AN ENTHUSIASM FOR LEARNING.
 20152014201320122011
Basic features of the organization
Year of formation1998
Metropolitan statistical area6200
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel   $95,550.00$143,325.00
Sum of reportable (W2/1099) compensation   $95,550.00$137,353.00
Number of employees   5465
Number of people compensated >$100k   01
Number of volunteers   020
Personnel
Davis, Susan
Title   BOARD MEMBERBOARD MEMBER
Name of key/compensated person   SUSAN DAVISSUSAN DAVIS
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   1.001.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Gargiulo, Albert
Title   BOARD MEMBERBOARD MEMBER
Name of key/compensated person   ALBERT GARGIULOALBERT GARGIULO
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   1.001.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Martinez, Daniel
Title   PRESIDENT/DIRECTORPRESIDENT/DIRECTOR
Name of key/compensated person   DANIEL MARTINEZDANIEL MARTINEZ
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   40.0040.00
Reportable compensation from org   $95,550.00$137,353.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activities   THE ORGANIZATION'S MISSION IS TO PROVIDE STUDENTS WITH THE KNOWLEDGE AND SKILLS THEY WILL NEED IN ORDER TO LEAD PRODUCTIVE LIVES AND TO FOSTER AN ENTHUSIASM FOR LEARNING.THE ORGANIZATION'S MISSION IS TO PROVIDE STUDENTS WITH THE KNOWLEDGE AND SKILLS THEY WILL NEED IN ORDER TO LEAD PRODUCTIVE LIVES AND TO FOSTER AN ENTHUSIASM FOR LEARNING.
Program service expenses, total   $2,999,603.00$3,381,457.00
Programs, including revenue & expenses
TO OPERATE A SCHOOL, SERVICING 447 STUDENTS, THAT GIVES PARENTS AND STUDENTS AN OPTION TO COMPLETE THEIR HIGH SCHOOL EDUCATION AND, AT THE SAME TIME, GAIN THE NECESSARY SKILLS TO ENABLE THEM TO CONTINUE IN THE CONSTRUCTION TRADES.
Program expenses   $2,999,603.00$3,381,457.00
Program revenue   $25,322.00 
Program description   TO OPERATE A SCHOOL, SERVICING 447 STUDENTS, THAT GIVES PARENTS AND STUDENTS AN OPTION TO COMPLETE THEIR HIGH SCHOOL EDUCATION AND, AT THE SAME TIME, GAIN THE NECESSARY SKILLS TO ENABLE THEM TO CONTINUE IN THE CONSTRUCTION TRADES.TO OPERATE A SCHOOL, SERVICING 455 STUDENTS, THAT GIVES PARENTS AND STUDENTS AN OPTION TO COMPLETE THEIR HIGH SCHOOL EDUCATION AND, AT THE SAME TIME, GAIN THE NECESSARY SKILLS TO ENABLE THEM TO CONTINUE IN THE CONSTRUCTION TRADES.
Financial data
Revenue
Total revenue   $3,339,768.00$3,530,029.00
Revenue from contributions (total)$0.00$3,647,345.00$3,825,951.00$3,315,747.00$3,511,946.00
Investment income, current yr   -$1,301.00$2,277.00
Total revenue from grants, etc., current yr   $3,315,747.00$3,511,946.00
Total unrelated business revenue   $0.00$0.00
Other revenue, current yr   $25,322.00$15,806.00
Net unrelated business taxable revenue   $0.00$0.00
Program service revenue (total)$0.00$11,562.00$41,501.00$0.00$0.00
Gross receipts   $3,341,069.00$3,531,252.00
Sources of contributions
Revenue from gov't grants   $3,315,747.00$3,511,946.00
Other types of revenue
Miscellaneous revenue (total)   $25,322.00 
Net rental income$0.00$0.00$0.00$0.00$15,806.00
Expense categories (totals)
Total functional expenses: sum of all   $3,560,379.00$3,616,772.00
Total functional expenses: program service    $2,999,603.00$3,381,457.00
Total functional expenses: management and general   $560,776.00$235,315.00
Total functional expenses: fundraising   $0.00$0.00
Fees for services
Legal fees (total)   $10,329.00$10,037.00
Fundraising service fees (total)   $0.00$0.00
Assets and liabilities
Total assets$269,303.00$346,538.00$454,946.00$785,551.00$930,510.00
Total assets, beginning of year   $930,510.00$842,031.00
Total liabilities$605,934.00$857,521.00$688,436.00$857,530.00$781,878.00
Total liabilities, beginning of year   $781,878.00$606,656.00
Unrestricted net assets, end of yr   -$71,979.00$148,632.00
Net assets   -$71,979.00$148,632.00
Net assets, beginning of year   $148,632.00$235,375.00
Other liabilities   $347,996.00$143,394.00
Other assets   $60,874.00$134,013.00
Cash: non-interest bearing   $197,777.00$205,563.00
Cash: non-interest bearing, beginning of year   $205,563.00$225,237.00
Loans and other payables to key persons   $50,000.00$178,877.00
Other financial variables
Revenue less expenses   -$220,611.00-$86,743.00
Advertising (total)   $41,827.00$50,097.00
Savings & temp cash investment   $60,782.00$60,256.00
Accounts receivable, net   $28,748.00$30,824.00
Accounts payable & accrued expenses   $455,822.00$338,548.00
Deferred revenue   $0.00$113,543.00
Secured mortgages and notes payable   $3,712.00$7,516.00
Total net assets or fund balances   -$71,979.00$148,632.00
Depreciation, depletion, amortization   $97,086.00$124,050.00
Governance and accountability
Number of voting members   33
Number of independent voting members   00
Financial sheets audited   TrueTrue
Relationships among key personnel   TrueTrue
Accrual accounting   TrueTrue
Tax year start date   2011-07-012010-07-01
Tax year end date2015-10-012014-06-012013-06-012012-06-012011-06-01
Indicators for schedules (selected)
Outstanding loan to key person or disqualified person   TrueTrue
Business transaction with entity owner   True 
Business transaction with family member   True 
Metadata about the filing
E-return type: 990, 990EZ, or 990PF   990990
Date e-filing submitted   2013-09-182012-06-29
IRS schema version   2011v1.52010v3.4
Filing identifier   201331849349301028201241369349307929
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