Asu Preparatory Academy
69% goes to programs $0 to raise $100
Asu Preparatory Academy is a 501(c)(3) organization based in Tempe, Arizona, registered in 2008, with $82,625,017 in FY2024 revenue. CharityIndex grades it B+, and it directs about 69% of spending to programs.
Po Box 877304, Tempe, AZ, 85287 EIN 26-0664313 Since 2008
Revenue (FY2024)
$82.6M
▲ 0.3% vs prior year
Education median: $200K
Expenses (FY2024)
$87.1M
Net assets
$20.9M
Employees
1,025
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating69% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Asu Preparatory Academy: 69% to programs · $0 to raise $100 earns a B on this criterion. See the exact thresholds →
BFinancial health25% of the rating3 mo reserves · -5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Asu Preparatory Academy: 3 mo reserves · -5% margin earns a B on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Asu Preparatory Academy: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Asu Preparatory Academy: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
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.
Contact & location
- Address
- Po Box 877304, Tempe, AZ, 85287
- City
- Tempe
- State
- Arizona
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $19.3M (FY2014) to $82.6M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $17.6MNet assets $20.9M
Operating margin
-5.4%
Spent more than it raised in the latest fiscal year.
Total assets
$38.5M
Total liabilities
$17.6M
Net assets
$20.9M
Salaries & benefits
$57.7M
66% of expenses
Board members
5
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $82,625,017▲0.3% | $87,114,925▼0.9% | $20,946,008▼17.7% | $38,533,671▼16.0% | 990 |
| 2023 | $82,416,980▲7.4% | $87,879,355▲12.4% | $25,435,916▼18.2% | $45,874,621▼15.5% | 990 |
| 2022 | $76,710,496▼5.4% | $78,160,954▲10.2% | $31,082,166▼7.5% | $54,319,569▼10.6% | 990 |
| 2021 | $81,078,916▲22.7% | $70,950,080▲30.5% | $33,614,203▲37.4% | $60,780,022▲23.7% | 990 |
| 2020 | $66,068,953▲61.7% | $54,381,602▲34.6% | $24,463,267▲91.5% | $49,146,223▲113% | 990 |
| 2019 | $40,852,176▼9.5% | $40,398,428▼1.8% | $12,775,916▲2.2% | $23,096,621▼0.9% | 990 |
| 2018 | $45,142,261▲51.2% | $41,140,007▲33.3% | $12,504,331▲26.6% | $23,298,576▲60.5% | 990 |
| 2017 | $29,860,612▲52.1% | $30,870,884▲34.5% | $9,879,558▼9.3% | $14,518,849▲16.2% | 990 |
| 2016 | $19,629,991▼32.8% | $22,953,381▲23.0% | $10,889,830▼23.4% | $12,494,812▼21.4% | 990 |
| 2015 | $29,190,816▲51.1% | $18,662,091▲11.2% | $14,213,220▲286% | $15,890,513▲183% | 990 |
| 2014 | $19,322,514 | $16,787,508▲38.8% | $3,684,495▲1649% | $5,611,594▲76.0% | 990 |
| 2012 | — | $12,094,383▲16.0% | -$237,806▼403% | $3,187,784▲33.9% | 990 |
| 2011 | — | $10,428,944▲43.6% | $78,408▼79.4% | $2,380,127▲52.2% | 990 |
| 2010 | — | $7,263,232 | $379,950 | $1,564,012 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Lisa Edgar — $300,378 (0.34% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Lisa Edgar | Chief Ptnrsh | 40 | $300,378 |
| Leah Lommel | Chief Admin | 40 | $257,272 |
| David Timothy Sudarma | Chief Tech O | 40 | $193,048 |
| Jill Rogier | Head of Scho | 40 | $175,926 |
| Elizabeth Fowler | Head Immersi | 40 | $173,950 |
| Teresa King | Dir Ptnrshp | 40 | $163,184 |
| Corey Woods | Ed Community | 40 | $160,936 |
| Christina Cleugh | Dir National | 40 | $155,466 |
| Amy Mcgrath | Treasurer | 2 | — |
| George Dean | Chairperson | 2 | — |
| Jose Cardenas | Vice Chairpe | 2 | — |
| Julie Young | Director | 2 | — |
| Katie Ratlief | Director | 2 | — |
| Phillip Netolicky | Cfo | — | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Ethan's Cleaning Solution | Cleaning | $300,893 |
| Indie LLC | Technology | $293,494 |
| Stemology Club | Academic Initia | $126,310 |
| Valleywide Transportation LLC | Transportation | $109,780 |
| Gabriel Colosimo | Consulting | $107,500 |
Grants received · $8.9M total
23 grants to Asu Preparatory Academy totaling $8.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Similar organizations in Education
Education
Edkey Inc
Mesa, AZ
$74.9M
C+annual revenue
Education
Leman Academy of Excellence Inc
Tucson, AZ
$54.2M
Bannual revenue
Education
Arizona Christian University
Glendale, AZ
$52.5M
Bannual revenue
- Education
American Charter Schools Foundation
Phoenix, AZ
$51.8M
Bannual revenue
Education
Arizona Leadership Foundation Inc
Scottsdale, AZ
$48.5M
Bannual revenue
Education
Legacy Traditional Schools - Nevada Inc
Chandler, AZ
$47.6M
Dannual revenue
Education
Child Parent Centers Inc
Tucson, AZ
$46.9M
Bannual revenue
Education
Arizona Christian School Tuition Organization Inc
Chandler, AZ
$45.4M
Bannual revenue
Education
Greathearts Arizona
Phoenix, AZ
$44.1M
Bannual revenue
Education
Arizona Autism Charter Schools Inc
Phoenix, AZ
$36.2M
Bannual revenue
Compare Asu Preparatory Academy
Frequently asked questions
- Is Asu Preparatory Academy a legitimate nonprofit?
- Yes. Asu Preparatory Academy is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-0664313, based in Tempe, Arizona. Donations are tax-deductible.
- What is Asu Preparatory Academy's EIN?
- Asu Preparatory Academy's Employer Identification Number (EIN) is 26-0664313.
- How much revenue does Asu Preparatory Academy report?
- Asu Preparatory Academy reported $82,625,017 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Asu Preparatory Academy's spending goes to programs?
- Asu Preparatory Academy spends about 69% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Asu Preparatory Academy have?
- CharityIndex grades Asu Preparatory Academy B+, based on program efficiency and fundraising cost.
- How much does Asu Preparatory Academy's highest-paid employee make?
- The highest reported compensation on Asu Preparatory Academy's latest Form 990 is $300,378, paid to Lisa Edgar (Chief Ptnrsh).
More nonprofits in Tempe
Explore more
Data for Asu Preparatory Academy (EIN 26-0664313) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.