CHOICE ACADEMIES INC

EIN: 208809933 501(c)(3) Education

PHOENIX, AZ

Total Revenue
$7,083,124
Total Expenses
$6,869,461
Total Assets
$17,441,670
Net Assets
$3,538,224
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
AZ
Principal Officer
AUDRA WILSON SMITH
Phone
6029385517
Tax Period
2024-07-01 to 2025-06-30

CHOICE ACADEMIES INC, founded in 2009, is a community nonprofit in the Education sector that reported $7.1M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $6.9M left a modest 3% surplus.

Mission

CHOICE ACADEMIES IS COMITTED TO PROVIDING A TRADITIONAL BACK-TO-BASICS EDUCATION WITHIN A FRAMEWORK OF HIGH STANDARDS AND HIGH EXPECTATIONS IN A SAFE ENVIRONMENT. ITS PURPOSE IS TO PROVIDE STUDENTS WITH A STRONG FOUNDATION OF KNOWLEDGE, TO TEACH CRITICAL THINKING AND TO DEVELOP GOOD CITIZENSHIP AND LEADERSHIP SKILLS.

Program Service Accomplishments

Program 1
Expenses: $5,139,154 Revenue: $5,471,400

CHOICE ACADEMIES, INC. ("CHARTER SCHOOL") IS AN ARIZONA NON-PROFIT CORPORATION ESTABLISHED IN 2009 TO OPERATE A CHARTER SCHOOL OFFERING A TRADITIONAL, BACK-TO BASICS EDUCATION WITHIN A FRAMEWORK OF...

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CHOICE ACADEMIES, INC. ("CHARTER SCHOOL") IS AN ARIZONA NON-PROFIT CORPORATION ESTABLISHED IN 2009 TO OPERATE A CHARTER SCHOOL OFFERING A TRADITIONAL, BACK-TO BASICS EDUCATION WITHIN A FRAMEWORK OF HIGH STANDARDS AND HIGH EXPECTATIONS IN A SAFE ENVIRONMENT. THE CHARTER SCHOOL OPERATES UNDER A 20- YEAR CHARTER CONTRACT THAT HAS BEEN RENEWED THROUGH JUNE 2043 WITH THE ARIZONA STATE BOARD FOR CHARTER SCHOOLS, WHICH MANDATES POLICY AND OPERATIONAL GUIDELINES. THE CHARTER SCHOOL PROVIDES EDUCATIONAL SERVICES TO APPROXIMATELY 562 CHARTER SCHOOL STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADES IN PHOENIX, ARIZONA, AND IS FUNDED PRIMARILY THROUGH STATE EQUALIZATION ASSISTANCE. (CONTINUED ON SCHEDULE O)OUR ATA BOYS' VOLLEYBALL AND ATA SOCCER BOTH WERE STATE DIVISION CHAMPIONS DURING THE 2024 2025 SCHOOL YEAR. WE HAD AN 8TH GRADE STUDENT SARA SURESH WHO PLACED 5TH PLACE IN THE ARIZONA STATE SPELLING BEE. ATA STUDENTS TAKING THE AASA, 75% PASSED MATH AND 80% PASSED THE ELA COMPARED TO THE STATE AVERAGE OF 33% PASSING MATH AND 40% PASSING ELA. THE PURPOSE OF THE CHARTER SCHOOL IS TO PROVIDE STUDENTS WITH A STRONG FOUNDATION OF KNOWLEDGE, TO TEACH CRITICAL THINKING AND TO DEVELOP GOOD CITIZENSHIP AND LEADERSHIP SKILLS. CHOICE ACADEMIES STRIVES TO BECOME NATIONALLY COMPETITIVE BY ACHIEVING ITS OBJECTIVES THROUGH SEQUENTIAL INCREASE IN KNOWLEDGE AND STUDENT ACCOUNTABILITY, HIGHLY TRAINED TEACHERS, AND STRONG PARENTAL INVOLVEMENT.

Program 2
Expenses: $547,116 Revenue: $854,409

CHOICE SERVICES, LLC ("PRESCHOOL") COMMENCED OPERATIONS OF THE PRESCHOOL IN SEPTEMBER 2012. CHOICE SERVICES, LLC IS AN ARIZONA LIMITED LIABILITY COMPANY, THE SOLE MEMBER OF WHICH IS THE CHARTER...

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CHOICE SERVICES, LLC ("PRESCHOOL") COMMENCED OPERATIONS OF THE PRESCHOOL IN SEPTEMBER 2012. CHOICE SERVICES, LLC IS AN ARIZONA LIMITED LIABILITY COMPANY, THE SOLE MEMBER OF WHICH IS THE CHARTER SCHOOL AND, ACCORDINGLY, IS ULTIMATELY CONTROLLED BY THE CHARTER SCHOOL'S BOARD OF DIRECTORS. THE CHARTER SCHOOL OFFERS AN AFFORDABLE PRESCHOOL THAT VIEWS EACH CHILD AS A UNIQUE INDIVIDUAL IN BOTH TALENT AND NEED. THE PROGRAM IS DESIGNED TO OFFER A SAFE AND NURTURING LEARNING ENVIRONMENT. THE POSITIVE LEARNING ENVIRONMENT GIVES CHILDREN THE CONFIDENCE TO EXPLORE NEW LEARNING EXPERIENCES, DEVELOP PROBLEM SOLVING SKILLS AND EXPRESS CREATIVITY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $894,766
Program Service Revenue $6,062,047
Investment Income $126,311
Other Revenue $0
TOTAL REVENUE $7,083,124

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,474,376
Fundraising Expenses $0
Program Expenses $5,686,270
Other Expenses $2,395,085
TOTAL EXPENSES $6,869,461

Year-over-Year Comparison

2024 2023 Change
Revenue $7,083,124 $7,658,712 -0.1%
Expenses $6,869,461 $6,904,238 0.0%
Net Income $213,663 $754,474 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
132
Volunteers
21

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$124,611
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA FINK PRESIDENT 1.00
Officer Director
$0 $0 $0
MARCUS KELLEY DIRECTOR 1.00
Director
$0 $0 $0
RAYMOND MALNAR DIRECTOR 1.00
Director
$0 $0 $0
DAVIS WESTON DIRECTOR 1.00
Director
$0 $0 $0
THOMAS MCCAULEY DIRECTOR 1.00
Director
$0 $0 $0
BRENT GARRETT DIRECTOR (THRU MAY 2025) 1.00
Director
$0 $0 $0
AUDRA WILSON-SMITH CEO 40.00
Officer
$118,019 $6,592 $124,611
ASHLEY SMITH PRINCIPAL 40.00
Highest
$105,790 $6,019 $111,809
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $7,083,124 $6,869,461 $17,441,670 $213,663
2024 $7,658,712 $6,904,238 $17,452,461 $754,474
2023 $8,153,698 $7,462,001 $16,988,678 $691,697
2022 $7,018,767 $6,656,526 $16,051,131 $362,241
2021 $5,821,300 $5,891,494 $16,418,209 $-70,194
2020 $7,150,966 $6,470,647 $16,892,839 $680,319
2019 $7,432,390 $7,964,625 $16,908,744 $-532,235
2018 $7,810,720 $8,282,576 $17,021,581 $-471,856
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