Overview
What is Basis Charter Schools Inc?
Basis Charter Schools Inc, based in Scottsdale, Arizona, operates 22 charter schools across the state, including 11 primary and 8 upper schools, with 3 schools catering to kindergarten through grade 12. Among these, 17 surpassed standard academic performance and three were ranked above standard by the Arizona State Board of Charter Schools. Many of the schools were listed in the U.S. News & World Report's 2022 Best High Schools rankings, with nine schools being ranked in the top fifteen. Basis Charter Schools emphasize advanced academic learning, requiring all students to participate in AP courses and testing from grade 9. Despite their younger age and lower grade levels, students perform exceptionally well on AP exams compared to their peers nationally and globally. Basis Charter Schools aim to empower students to reach globally competitive levels through their transformative K-12 academic program.
Official website here: www.basisschools.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Basis Charter Schools Inc has received an overall score of 81%, reflecting a strong commitment to accountability and finance. The organization has achieved full points in areas such as independent board member composition, financial statements oversight, and various policies related to governance. This solid performance in accountability indicates a transparent and well-managed organization.
However, the rating does highlight a significant concern regarding the liabilities to assets ratio, which stands at 112.09%. This suggests that the organization may have more liabilities than assets, which can pose risks to financial stability. While the program expense ratio is commendable at 86.12%, indicating efficient use of resources, the financial health aspect raises potential flags for stakeholders.
Overall, while Basis Charter Schools Inc demonstrates strong governance practices and effective program spending, attention to its financial liabilities is necessary to ensure long-term sustainability and trust among supporters and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Basis Charter Schools Inc legitimate?
Basis Charter Schools Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Basis Charter Schools Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $130,313
Professional Fundraising Fees: $0
Other Salaries and Wages: $75,082,465
For more financial information, click here
Official website here: www.basisschools.org
What is the mission statement of Basis Charter Schools Inc?
Basis Charter Schools Inc is dedicated to empowering students to achieve at globally competitive levels through a transformative K-12 academic program. During the 2021-2022 school year, the organization operated twenty-two charter schools, with many of them surpassing standard academic performance. Several Basis schools were ranked among the top high schools nationally, with nine schools making it to the top fifteen in the U.S. News & World Report rankings. Basis requires all students to participate in Advanced Placement (AP) courses and testing starting from grade 9. Despite being younger and in lower grade levels, students at Basis charter schools perform exceptionally well on AP exams compared to their peers nationally and internationally.
Official website here: www.basisschools.org
Who is the CEO of Basis Charter Schools Inc?
Deanna Rowe is the Chairman of Basis Charter Schools Inc.
Official website here: www.basisschools.org
What is the revenue of Basis Charter Schools Inc?
Basis Charter Schools Inc's revenue in 2022 was $158,140,974.
Official website here: www.basisschools.org
Who are the executives of Basis Charter Schools Inc and what are their salaries?
The average compensation at Basis Charter Schools Inc during 2022 was $75,212,778. There is 1 employee and 6 volunteers at Basis Charter Schools Inc.
Here are 7 key members and their salaries:
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- Compensation: $130,039
- Related: $43,346
- Other: $12,639
Official website here: www.basisschools.org
Where can I find the form 990 for Basis Charter Schools Inc?
Basis Charter Schools Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.basisschools.org
Learn more at the official website: www.basisschools.org
Mission Statement of Basis Charter Schools Inc
Basis Charter Schools Inc, a renowned educational institution, is committed to empowering students to reach globally competitive levels through a transformative K-12 academic program. This mission is reflected in the impressive academic performance of the schools, with 17 of the 22 Basis Charter Schools exceeding standard academic performance and three ranked above standard by the Arizona State Board of Charter Schools.
During the 2021-2022 school year, Basis Charter Schools operated 22 charter schools, including 11 primary schools and eight upper schools, serving students from kindergarten through 12th grade. The schools' success is demonstrated in their rankings in the U.S. News & World Report, with nine Basis schools listed in the top fifteen national charter high schools and six in the top fifteen national stem high schools.
Basis Charter Schools require all students to participate in AP courses and testing beginning in 9th grade. Despite their younger age, Basis Charter School students perform exceptionally well on AP exams compared to their peers across the country and around the world. This commitment to rigorous academic standards and student success has made Basis Charter Schools a leader in K-12 education.
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Impact
October, 2024
Basis Charter Schools Inc has made a significant impact on education by fostering a high-performance academic environment across its network of schools in Arizona. With twenty-two institutions operating during the 2021-2022 school year, including eleven primary schools and eight upper schools, Basis Charter Schools promotes a transformative K-12 program designed to empower students to excel at globally competitive levels.
The effectiveness of their educational model is evident in the academic achievements of their students. Seventeen out of the twenty-two schools exceeded standard academic performance, with three schools achieving above-standard rankings as recognized by the Arizona State Board of Charter Schools. Additionally, many Basis schools ranked highly in the U.S. News & World Report's 2022 Best High Schools national ratings. Notably, nine Basis schools positioned themselves among the top fifteen national charter high schools, demonstrating the organization's commitment to excellence.
Basis Charter Schools places a strong emphasis on advanced academic coursework, requiring all students to participate in Advanced Placement (AP) courses and testing starting in ninth grade. This approach has led to exceptional performance on AP exams, with students outperforming their peers both nationally and internationally, despite being younger or at lower grade levels. Overall, Basis Charter Schools Inc is significantly contributing to raising educational standards and preparing students for future academic and professional success.
This information is meant to be a general summary of Basis Charter Schools Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,115,787
- Program Service Revenue: $141,653,653
- Gross Receipts: $158,298,370
Assets and Liabilities:
- Total Assets: $315,557,724
- Total Liabilities: $364,842,774
- Net Assets: -$49,285,050
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATE EQUALIZATION
Revenue
$106,412,367
CLASSROOM SITE FUNDS
Revenue
$12,374,068
EXTRA-CURRICULAR
Revenue
$10,641,273
EXEMPT PURPOSE RENTAL INCOME
Revenue
$6,176,224
RESULTS BASED FUNDING
Revenue
$3,287,590
Organization Details
Founding Year
1998
Phone
(480) 289-2088Principal Officer
Deanna Rowe
Main Address
7975 N HAYDEN RD STE C240, SCOTTSDALE, AZ, 85258
Website
www.basisschools.orgNTEE Category
Code: B99Z - Education
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