Civic Intelligence

Paradigm High School

990 • Fiscal year 2021 • EIN 20-3338204

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 25, 2022

Organization ProfileWWW.PARADIGMHIGH.ORG
11577 S 3600 WSouth Jordan, UT 84095

(435) 882-3062

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.94x

Higher debt load relative to assets than 92% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

2.16x

Higher debt load relative to revenue than 90% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

17th percentile

-4.2%

Higher net margin than 17% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

49th percentile

$117,736

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

27th percentile

1.0%

Faster asset growth than 27% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

33rd percentile

1.2%

Faster revenue growth than 33% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$9,504,180

Up $90,895 (+1.0%) from 2020

Net Assets

Down

$614,351

Down $518,262 (-46%) from 2020

Liabilities

Up

$8,889,829

Up $609,157 (+7.4%) from 2020

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin17th percentile

Revenue

Up

$4,107,178

Up $50,686 (+1.2%) from 2020

Expenses

Up

$4,279,148

Up $57,274 (+1.4%) from 2020

Net Income

Down

-$171,970

Down $6,588 (-4.0%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0-$5.0MAssets 2011: $9,929,648Liabilities 2011: $10,051,685Net Assets 2011: -$122,0372011Assets 2012: $9,827,885Liabilities 2012: $10,192,261Net Assets 2012: -$364,3762012Assets 2013: $9,551,531Liabilities 2013: $10,130,302Net Assets 2013: -$578,7712013Assets 2014: $9,264,555Liabilities 2014: $9,916,609Net Assets 2014: -$652,0542014Assets 2015: $9,266,920Liabilities 2015: $9,564,296Net Assets 2015: -$297,3762015Assets 2016: $9,468,402Liabilities 2016: $9,329,028Net Assets 2016: $139,3742016Assets 2017: $9,233,409Liabilities 2017: $8,653,016Net Assets 2017: $580,3932017Assets 2018: $9,484,122Liabilities 2018: $8,505,007Net Assets 2018: $979,1152018Assets 2019: $9,742,841Liabilities 2019: $8,444,851Net Assets 2019: $1,297,9902019Assets 2020: $9,413,285Liabilities 2020: $8,280,672Net Assets 2020: $1,132,6132020Assets 2021: $9,504,180Liabilities 2021: $8,889,829Net Assets 2021: $614,3512021Assets 2022: $9,366,348Liabilities 2022: $8,569,076Net Assets 2022: $797,2722022Assets 2023: $9,330,741Liabilities 2023: $8,435,014Net Assets 2023: $895,7272023Assets 2024: $9,644,411Liabilities 2024: $8,467,353Net Assets 2024: $1,177,0582024

Highlighted filing

2021

Assets$9,504,180
Liabilities$8,889,829
Net Assets$614,351
Open 2021 Filing

Operations Trend

Revenue Growth33rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $3,696,6942011Expenses 2012: $3,995,8602012Expenses 2013: $3,948,0112013Revenue 2014: $4,280,440Expenses 2014: $4,353,723Net Income 2014: -$73,2832014Revenue 2015: $4,357,612Expenses 2015: $4,002,934Net Income 2015: $354,6782015Revenue 2016: $4,433,890Expenses 2016: $3,997,140Net Income 2016: $436,7502016Revenue 2017: $4,438,895Expenses 2017: $3,997,877Net Income 2017: $441,0182017Revenue 2018: $4,486,993Expenses 2018: $4,088,271Net Income 2018: $398,7222018Revenue 2019: $4,464,570Expenses 2019: $4,145,695Net Income 2019: $318,8752019Revenue 2020: $4,056,492Expenses 2020: $4,221,874Net Income 2020: -$165,3822020Revenue 2021: $4,107,178Expenses 2021: $4,279,148Net Income 2021: -$171,9702021Revenue 2022: $4,095,345Expenses 2022: $3,912,424Net Income 2022: $182,9212022Revenue 2023: $4,421,583Expenses 2023: $4,323,128Net Income 2023: $98,4552023Revenue 2024: $4,936,877Expenses 2024: $4,655,546Net Income 2024: $281,3312024

Highlighted filing

2021

Revenue$4,107,178
Expenses$4,279,148
Net Income-$171,970
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 25, 2022
Return Version
2020v4.2
Gross Receipts
$4,107,178
Mission and Program Overview

Mission

To manage, operate, guide, direct, and promote a public charter school funded by local, state, and federal sources.

Charter school serving grades 7-12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,985,725$5,864,082▼ $121,643
Savings and Temporary Cash Investments$212,665$1,499,935▲ $1,287,270
Investments in Publicly Traded Securities$1,359,096$1,433,299▲ $74,203
Cash and Non-Interest-Bearing Accounts$1,841,741$626,126▼ $1,215,615
Accounts Receivable$2,753$76,403▲ $73,650
Prepaid Expenses and Deferred Charges$11,305$4,335▼ $6,970
Total Assets$9,413,285$9,504,180▲ $90,895
Liabilities
Tax Exempt Bond Liabilities$7,773,957$8,200,000▲ $426,043
Accounts Payable and Accrued Expenses$506,715$519,829▲ $13,114
Mortgage Notes Payable Secured by Investment Property-$170,000-
Total Liabilities$8,280,672$8,889,829▲ $609,157
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$999,912$608,767▼ $391,145
Net Assets With Donor Restrictions$132,701$5,584▼ $127,117
Total Net Assets Fund Balance$1,132,613$614,351▼ $518,262
Total Liabilities and Net Assets / Fund Balance$9,413,285$9,504,180▲ $90,895

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,289,244$2,006,301$6,295,545
Land$1,476,733-$1,476,733
Leasehold Improvements$78,694$125,138$203,832
Equipment$19,411$155,371$174,782
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Fernando SeminarioDirectorFT$104,138$13,598$117,736

Board Members and Trustees

NameTitle
Jared ConleyBoard Chair
Jason HallVice Chair
Jennifer SimpsonBoard Member
Nathan MeyerBoard Member
Rachel HowellsBoard Member
Brenda PetruSecretary
Lynel MillerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,937,296
Program Service Revenue
$156,366
Investment Income
$13,086
Other Revenue
$430
All Other Contributions
$47,298
Change in Net Assets
$-171,970

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,107,178
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,107,178
Total Revenue per Form 990
$4,107,178
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,412,269
Other Expenses$1,866,879
Total Fundraising Expense$25,305
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,926,784--$1,926,784
Interest$860,304--$860,304
Fees for Services Other$221,662--$221,662
Other Employee Benefits$195,840--$195,840
Depreciation Depletion$183,367--$183,367
Payroll Taxes$147,512--$147,512
Current Officers, Directors, Trustees, and Key Employees$117,736--$117,736
Occupancy$60,738--$60,738
Fees for Services Management$36,384--$36,384
Information Technology$35,727--$35,727
Fees for Services Legal-$35,511-$35,511
Pension Plan Contributions$24,397--$24,397
Advertising$4,884$18,228-$23,112
Insurance$20,900--$20,900
Fees for Services Accounting-$9,900-$9,900
Travel$2,991--$2,991
Other Expenses$321$1,052$25,305$321
Total Functional Expenses$4,189,152$64,691$25,305$4,279,148

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,279,148
Total Expenses per Audited Statements$4,279,148
Total Expenses per Form 990$4,279,148
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AUtah Charter School Finance Authority2020-12-07$8,200,000Refund 2010 tax exempt bond issue

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$8,200,000$7,495,636-$160,508

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The school has an agreement with charter solutions, inc. To provide certain fiscal and administrative services.”

Form 990, Part VI, Section A, Line 8B

“There are no committees with broad authority to act on behalf of the board.”

Form 990, Part VI, Section B, Line 11B

“Invdividual board members, charter solutions, and the school superintendent review the form 990 before the return is filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“The board and the management of the school regularly monitor and enforce compliance with the school's official conflict of interest policy. If a conflict arises, the board will discuss any issues and resolve them. If the conflict pertains to a board member, that board member is excused from the meeting while the remaining board members discuss and vote on the issue. Once a decision has been made the board member excused from the meeting is brought back in and notified of what was decided.”

Form 990, Part VI, Section B, Line 15

“The board annually reviews and approves pay scales and pay rates.”

Form 990, Part VI, Section C, Line 19

“Made available upon request at the school's front office.”

Filing and Contact Details

Filer

Filer Name
Paradigm High School
EIN
20-3338204
Phone
4358823062
Address
11577 S 3600 W, SOUTH JORDAN, UT 84095

Signing Officer

Name
Fernando Seminario
Title
Director
Phone
8016761018
Signed
2022-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fernando Seminario
Formed
2005
Legal Domicile
Ut
Voting Board Members
7
Independent Board Members
7
Employees
89
Volunteers
40

Preparer

Firm
Eide Bailly Llp
Address
5929 FASHION POINT DR STE 300, OGDEN, UT 84403-4684
Preparer
Chett Campbell CPA
Phone
8016211575
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Fasb to gasb restatement -346,292.”

FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS:

“Change in accounting framework utah house bill 242 (h.b. 242) was passed in 2020 and requires utah charter schools to report under the governmental accounting standards board (gasb) framework. As a result of implementing the financial reporting requirements of h.b. 242, the school has converted the financial statement presentation of the school's financial statements and related disclosures to be presented in accordance with the gasb financial reporting framework. Previously, the school prepared financials statements under the financial accounting standards board (fasb) framework.”

Raw XML AppendixShowing 400 of 471 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3TRAINING
IRS990/OtherExpensesGrp/FundraisingAmt025305
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01052
IRS990/OtherExpensesGrp/ProgramServicesAmt0318342
IRS990/OtherExpensesGrp/ProgramServicesAmt118188
IRS990/OtherExpensesGrp/ProgramServicesAmt213075
IRS990/OtherExpensesGrp/ProgramServicesAmt3321
IRS990/OtherExpensesGrp/TotalAmt0344699
IRS990/OtherExpensesGrp/TotalAmt118188
IRS990/OtherExpensesGrp/TotalAmt213075
IRS990/OtherExpensesGrp/TotalAmt3321
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01926784
IRS990/OtherSalariesAndWagesGrp/TotalAmt01926784
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0147512
IRS990/PayrollTaxesGrp/TotalAmt0147512
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt024397
IRS990/PensionPlanContributionsGrp/TotalAmt024397
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011305
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04335
IRS990/PrincipalOfficerNm0FERNANDO SEMINARIO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES AND ACTIV
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0156366
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0156366
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03792638
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt054488
IRS990/PYOtherExpensesAmt01492417
IRS990/PYOtherRevenueAmt0910
IRS990/PYProgramServiceRevenueAmt0208456
IRS990/PYRevenuesLessExpensesAmt0-165382
IRS990/PYSalariesCompEmpBnftPaidAmt02729457
IRS990/PYTotalExpensesAmt04221874
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04056492
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-171970
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0430
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0156366
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0212665
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01499935
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04289244
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02006301
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06295545
IRS990ScheduleD/EquipmentGrp/BookValueAmt019411
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0155371
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0174782
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04279148
IRS990ScheduleD/LandGrp/BookValueAmt01476733
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01476733
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt078694
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0125138
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0203832
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04107178
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05864082
IRS990ScheduleD/TotalExpensesPerForm990Amt04279148
IRS990ScheduleD/TotalRevenuePerForm990Amt04107178
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04107178
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04279148
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS EXCUSED FROM FORMAL COMPLIANCE WITH REV. PROC. 75-50 AS LONG AS THE SCHOOL'S CHARTER AGREEMENT WITH THE STATE OF UTAH REMAINS IN EFFECT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES FUNDING FROM THE STATE OF UTAH AS ADMINISTERED BY THE UTAH STATE BOARD OF EDUCATION BASED ON THE NUMBER OF STUDENTS ENROLLED IN ITS SCHOOL. THE SCHOOL ALSO RECEIVES FEDERAL CHARTER SCHOOL GRANTS WHICH ARE PAID THROUGH THE UTAH STATE BOARD OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02020-12-07
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0261275269
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum091754TG72
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt08200000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0UTAH CHARTER SCHOOL FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0REFUND 2010 TAX EXEMPT BOND ISSUE
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusConcerningUBIPct00.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusUseByOthersPct00.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/TotalPrivateBusinessUsePct00.00000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0543856
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0160508
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt07495636
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt08200000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS AN AGREEMENT WITH CHARTER SOLUTIONS, INC. TO PROVIDE CERTAIN FISCAL AND ADMINISTRATIVE SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INVDIVIDUAL BOARD MEMBERS, CHARTER SOLUTIONS, AND THE SCHOOL SUPERINTENDENT REVIEW THE FORM 990 BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD AND THE MANAGEMENT OF THE SCHOOL REGULARLY MONITOR AND ENFORCE COMPLIANCE WITH THE SCHOOL'S OFFICIAL CONFLICT OF INTEREST POLICY. IF A CONFLICT ARISES, THE BOARD WILL DISCUSS ANY ISSUES AND RESOLVE THEM. IF THE CONFLICT PERTAINS TO A BOARD MEMBER, THAT BOARD MEMBER IS EXCUSED FROM THE MEETING WHILE THE REMAINING BOARD MEMBERS DISCUSS AND VOTE ON THE ISSUE. ONCE A DECISION HAS BEEN MADE THE BOARD MEMBER EXCUSED FROM THE MEETING IS BROUGHT BACK IN AND NOTIFIED OF WHAT WAS DECIDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD ANNUALLY REVIEWS AND APPROVES PAY SCALES AND PAY RATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MADE AVAILABLE UPON REQUEST AT THE SCHOOL'S FRONT OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FASB TO GASB RESTATEMENT -346,292.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CHANGE IN ACCOUNTING FRAMEWORK UTAH HOUSE BILL 242 (H.B. 242) WAS PASSED IN 2020 AND REQUIRES UTAH CHARTER SCHOOLS TO REPORT UNDER THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB) FRAMEWORK. AS A RESULT OF IMPLEMENTING THE FINANCIAL REPORTING REQUIREMENTS OF H.B. 242, THE SCHOOL HAS CONVERTED THE FINANCIAL STATEMENT PRESENTATION OF THE SCHOOL'S FINANCIAL STATEMENTS AND RELATED DISCLOSURES TO BE PRESENTED IN ACCORDANCE WITH THE GASB FINANCIAL REPORTING FRAMEWORK. PREVIOUSLY, THE SCHOOL PREPARED FINANCIALS STATEMENTS UNDER THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) FRAMEWORK.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0UT
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt07773957
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt08200000
IRS990/TaxExemptBondsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09413285
IRS990/TotalAssetsEOYAmt09504180
IRS990/TotalAssetsGrp/BOYAmt09413285
IRS990/TotalAssetsGrp/EOYAmt09504180
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03937296

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,504,180
Liabilities
$8,889,829
Net assets
$614,351
Revenue
$4,107,178
Expenses
$4,279,148
Net income
-$171,970
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.64$8.47$1.18$4.94$4.66$0.28
2023Detailed filing. Detailed filing data is available for this year.$9.33$8.44$0.90$4.42$4.32$0.10
2022Detailed filing. Detailed filing data is available for this year.$9.37$8.57$0.80$4.10$3.91$0.18
2021Detailed filing. Detailed filing data is available for this year.$9.50$8.89$0.61$4.11$4.28$0.17
2020Detailed filing. Detailed filing data is available for this year.$9.41$8.28$1.13$4.06$4.22$0.17
2019Detailed filing. Detailed filing data is available for this year.$9.74$8.44$1.30$4.46$4.15$0.32
2018Detailed filing. Detailed filing data is available for this year.$9.48$8.51$0.98$4.49$4.09$0.40
2017Detailed filing. Detailed filing data is available for this year.$9.23$8.65$0.58$4.44$4.00$0.44
2016Detailed filing. Detailed filing data is available for this year.$9.47$9.33$0.14$4.43$4.00$0.44
2015Detailed filing. Detailed filing data is available for this year.$9.27$9.56$0.30$4.36$4.00$0.35
2014Detailed filing. Detailed filing data is available for this year.$9.26$9.92$0.65$4.28$4.35$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.55$10.1$0.58$3.95
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.83$10.2$0.36$4.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.93$10.1$0.12$3.70