Self Development Academy - Phoenix
Nonprofit profile at a glance
- EIN
- 464108935
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Mesa, AZ, USA
- Phone
- 6024515721
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $3,185,555
- Expenses
- $3,058,186
- Assets
- $7,265,034
- Liabilities
- $4,578,662
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- ASIF MAJEED (PRESIDENT)
Highest reported compensation
- ANJUM MAJEED (SUPERINTENDE): $135,053 total reported compensation
- ASIF MAJEED (PRESIDENT): $126,779 total reported compensation
- VERNETTA MADSEN (VP/SECRETARY): $48,959 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Operating an Arizona public charter school.
What it reported doing in 2024
The school is a college preparatory charter school serving grades kindergarten through eighth. The school conducts standards based instruction for enrolled students with a focus on developing every student's character and knowledge through the time-tested pedagogical methods.
Operating model
- Revenue model
- Grant-funded. 96% of the money available for current operations came from government grants.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 90
- Accountability: 63
- Sustainability: 48
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84%; rating input score 84
- Program expense ratio: 87%; rating input score 87
- 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 60%; rating input score 60; 9th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 2.38; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0.63; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 8.9%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: 8.1% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: 8.4% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: 26.8% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 84% of revenue deployed · 87% of spending went to programs
- Governance: 3 of 5 board members independent · 6 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $2.7M in reported program spending
- Leadership: top reported pay $135K · 6 people listed
- Highest-paid contractors: 2 contractors listed · $271K reported
- Consistency: 28 of 28 current checks pass
- Schedules: 6 filed schedules
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 48/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.