Roosevelt Preparatory Academy

Also known as Co Great Hearts Academies

Phoenix, AZ · EIN 47-1762959 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Roosevelt Preparatory Academy reported $11.7 million in revenue and $11.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $85.68 went to program services, $13.71 to management and general costs and $0.61 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 79.5% of the total. Government grants made up 5.6%. The highest compensation it reported for one person was $119,763 (HEADMASTER). Revenue rose 170% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $11M

Program services$85.68 $9.4M
Management & general$13.71 $1.5M
Fundraising$0.61 $67,723

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $12M

Contributions & grants (non-government)$12.92 $1.5M
Government grants$5.62 $655K
Program service revenue$79.54 $9.3M
Investment income$0.27 $31,727
Other revenue$1.65 $193K

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
Measure	FY2025	Median
Program services Part IX 25(B) ÷ 25(A)	85.7%	84.4%
Management & general Part IX 25(C) ÷ 25(A)	13.7%	13.4%
Fundraising Part IX 25(D) ÷ 25(A)	0.6%	0.8%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.03	$0.04
Contributions & grants share of revenue Part VIII 1h ÷ 12	18.5%	19.1%
Government grants share of revenue Part VIII 1e ÷ 12	5.6%	1.1%
Program service revenue share Part VIII 2g ÷ 12	79.5%	69.9%
Highest reported compensation Part VII-A, columns D–F	$119,763	$331,578
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	1.09%	1.28%
People paid over $100,000 Part VII, line 2	Not reported	8
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	2.1	13.3
Independent voting board members Part VI 1a–1b	4 of 4	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense

$9.4M expenses · 100.0% of program spending · revenue $9.3M

An archway classical academy trivium east education prepares students to be more than just proficient test takers, but rather, to become great-hearted leaders capable of success throughout their higher education and professional careers. With a curriculum built upon a classical liberal arts tradition and a revolutionary approach to school itself, great hearts cultivates the hearts and minds of students in the pursuit of truth, goodness, and beauty

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
HEADMASTER Officer, 40.00 hrs/week	$0	$105,872	$13,891	$119,763
HEADMASTER Officer, 40.00 hrs/week	$0	$81,812	$20,334	$102,146
HEADMASTER Officer, 40.00 hrs/week	$0	$55,112	$8,698	$63,810

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
FY2025 ⓘ	$12M	$11M	85.7%	$2.0M	$119,763
FY2024 ⓘ	$10M	$9.8M	85.3%	$1.3M	$119,194
FY2023 ⓘ	$7.9M	$7.7M	83.3%	$904K	$113,202
FY2022 ⓘ	$5.1M	$4.9M	80.8%	$696K	$106,217
FY2021 ⓘ	$4.9M	$4.8M	84.7%	$499K	$101,372
FY2020 ⓘ	$4.3M	$4.1M	84.1%	$356K	$87,775

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b4 · 4 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aYes
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 50
Volunteers Part I, line 6390

Correct a figure or respond

Every number above is copied from Roosevelt Preparatory Academy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Roosevelt Preparatory Academy, you can publish a response that is linked from this page.

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All education charities · Largest charities in Arizona

Questions people ask

How much of Roosevelt Preparatory Academy's spending goes to programs?

In the fiscal year ending June 30, 2025, Roosevelt Preparatory Academy reported that 85.7% of its $11.0 million in expenses went to program services, 13.7% to management and general and 0.6% to fundraising (Form 990, Part IX).

How much does Roosevelt Preparatory Academy pay its top executive?

The largest total compensation Roosevelt Preparatory Academy reported for one person in the fiscal year ending June 30, 2025 was $119,763, for the role of HEADMASTER (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Roosevelt Preparatory Academy get its money?

Of $11.7 million in revenue in the fiscal year ending June 30, 2025, 18.5% came from contributions and grants (including 5.6% from government grants) and 79.5% from program service revenue (Form 990, Part VIII).

Is Roosevelt Preparatory Academy a registered charity?

The IRS lists EIN 47-1762959 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202630729349300303 · read the filing · XML
FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501289349303360 · read the filing
FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411359349314056 · read the filing
FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321309349303422 · read the filing
FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231369349313618 · read the filing
FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121369349300812 · read the filing

All filings for EIN 47-1762959: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.