Imagine Prep Superstition
Legal name: Imagine Prep Superstition Inc
Nonprofit profile at a glance
- EIN
- 452540612
- IRS 990 coverage
- 2013–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Apache Junction, AZ, USA
- Phone
- 4803550530
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $4,551,114
- Expenses
- $4,625,618
- Assets
- $9,549,948
- Liabilities
- $10,604,840
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- HERMAN ORCUTT (PRESIDENT)
Highest reported compensation
- LAILA VALENCIA (PRINCIPAL): $114,257 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Imagine Prep exists to partner with families to educate and inspire thoughtful, engaged students who graduate well-prepared for college, career, and citizenship. Imagine Prep empowers each student to learn at the speed of his or her personal potential. Learning goals are personalized to support student success. At Imagine Prep, a small learning environment ensures that each student is well known and that students enjoy a strong sense of family. Our standards are higher, challenging students to achieve and succeed—in school and in life! Imagine Prep’s Mission. Panther Vision & Mission Imagine Prep’s Vision Imagine Prep empowers each student to learn at the speed of his or her personal potential.
What it reported doing in 2024
Operation of a charter school for students in 9th through 12th grade.
Operating model
- Revenue model
- Other-operating. 80% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.8%; rating input score 79
- Program expense ratio: 77.5%; rating input score 77
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.6%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 2.06; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 1.11; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 1.9%; rating input score 76; 76th percentile among comparable filings
Growth
- Program expense growth: 3.9% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 4.9% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: 24.1% per year; rating input score 100; 89th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 78.8% of revenue deployed · 77.5% of spending went to programs
- Governance: 4 of 4 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $3.6M in reported program spending
- Leadership: top reported pay $114K · 5 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 20 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 28/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 4/100.