Civic Intelligence

Renaissance Academy

990 • Fiscal year 2022 • EIN 20-3365730

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 24, 2023

Organization ProfileWWW.RENACADEMY.ORG

View Organization Page

3435 N 1120 ELehi, UT 84043

(801) 768-4202

Siviq Scores

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

Liabilities / Assets

90th percentile

0.87x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

88th percentile

2.00x

Higher debt load relative to revenue than 88% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

48th percentile

6.0%

Higher net margin than 48% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

43rd percentile

$157,336

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

42nd percentile

-1.9%

Faster asset growth than 42% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

68th percentile

16%

Faster revenue growth than 68% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$15,449,981

Down $291,839 (-1.9%) from 2021

Net Assets

Up

$1,945,626

Up $405,354 (+26%) from 2021

Liabilities

Down

$13,504,355

Down $697,193 (-4.9%) from 2021

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin48th percentile

Revenue

Up

$6,766,915

Up $922,598 (+16%) from 2021

Expenses

Up

$6,361,561

Up $290,546 (+4.8%) from 2021

Net Income

Up

$405,354

Up $632,052 (+279%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $10,750,165Liabilities 2011: $9,754,969Net Assets 2011: $995,1962011Assets 2012: $10,760,536Liabilities 2012: $9,710,251Net Assets 2012: $1,050,2852012Assets 2013: $10,723,019Liabilities 2013: $9,528,792Net Assets 2013: $1,194,2272013Assets 2014: $10,537,270Liabilities 2014: $9,327,739Net Assets 2014: $1,209,5312014Assets 2015: $10,390,726Liabilities 2015: $9,160,958Net Assets 2015: $1,229,7682015Assets 2016: $10,374,668Liabilities 2016: $9,100,505Net Assets 2016: $1,274,1632016Assets 2017: $10,149,808Liabilities 2017: $8,900,909Net Assets 2017: $1,248,8992017Assets 2018: $10,457,342Liabilities 2018: $8,836,914Net Assets 2018: $1,620,4282018Assets 2019: $10,524,994Liabilities 2019: $8,620,641Net Assets 2019: $1,904,3532019Assets 2020: $10,791,735Liabilities 2020: $8,871,737Net Assets 2020: $1,919,9982020Assets 2021: $15,741,820Liabilities 2021: $14,201,548Net Assets 2021: $1,540,2722021Assets 2022: $15,449,981Liabilities 2022: $13,504,355Net Assets 2022: $1,945,6262022Assets 2023: $15,438,144Liabilities 2023: $13,448,692Net Assets 2023: $1,989,4522023

Highlighted filing

2022

Assets$15,449,981
Liabilities$13,504,355
Net Assets$1,945,626
Open 2022 Filing

Operations Trend

Revenue Growth68th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $3,938,201Expenses 2011: $3,873,814Net Income 2011: $64,3872011Revenue 2012: $3,892,371Expenses 2012: $3,837,282Net Income 2012: $55,0892012Revenue 2013: $4,054,033Expenses 2013: $3,910,091Net Income 2013: $143,9422013Revenue 2014: $4,158,593Expenses 2014: $4,143,289Net Income 2014: $15,3042014Revenue 2015: $4,140,793Expenses 2015: $4,120,556Net Income 2015: $20,2372015Revenue 2016: $4,564,949Expenses 2016: $4,520,554Net Income 2016: $44,3952016Revenue 2017: $4,709,368Expenses 2017: $4,734,632Net Income 2017: -$25,2642017Revenue 2018: $5,244,317Expenses 2018: $4,872,788Net Income 2018: $371,5292018Revenue 2019: $5,500,825Expenses 2019: $5,216,900Net Income 2019: $283,9252019Revenue 2020: $5,579,920Expenses 2020: $5,564,275Net Income 2020: $15,6452020Revenue 2021: $5,844,317Expenses 2021: $6,071,015Net Income 2021: -$226,6982021Revenue 2022: $6,766,915Expenses 2022: $6,361,561Net Income 2022: $405,3542022Revenue 2023: $7,267,762Expenses 2023: $7,223,936Net Income 2023: $43,8262023

Highlighted filing

2022

Revenue$6,766,915
Expenses$6,361,561
Net Income$405,354
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 24, 2023
Return Version
2021v4.0
Gross Receipts
$6,801,373
Mission and Program Overview

Mission

Renaissance Academy is a public charter school that operates in Lehi, Utah and serves students from kindergarten through grade nine. The school is a center of academic excellence in World Language and classical education.

Inspiring students to excel by applying innovative, individualized, and experiential learning methods in world language and classical education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,158,196$10,947,066▲ $1,788,870
Cash and Non-Interest-Bearing Accounts$2,063,233$2,075,758▲ $12,525
Investments in Publicly Traded Securities$3,109,723$923,736▼ $2,185,987
Savings and Temporary Cash Investments$775,577$776,535▲ $958
Pledges and Grants Receivable$6,534$436,397▲ $429,863
Accounts Receivable$7,960$32,117▲ $24,157
Total Assets$15,741,820$15,449,981▼ $291,839
Other Assets Total$620,597$258,372▼ $362,225
Liabilities
Tax Exempt Bond Liabilities$12,685,000$12,520,000▼ $165,000
Accounts Payable and Accrued Expenses$1,309,199$783,290▼ $525,909
Other Liabilities$207,349$201,065▼ $6,284
Total Liabilities$14,201,548$13,504,355▼ $697,193
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,540,272$1,945,626▲ $405,354
Total Net Assets Fund Balance$1,540,272$1,945,626▲ $405,354
Total Liabilities and Net Assets / Fund Balance$15,741,820$15,449,981▼ $291,839

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,542,256$2,804,897$7,347,153
Leasehold Improvements$4,828,402$203,984$5,032,386
Land$1,517,020-$1,517,020
Equipment$59,207$148,521$207,728
Other Land Buildings$181$3,082$3,263
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark UrsicExecutive DiFT$146,003$11,333$157,336
Mark UrsicExecutive Director-$146,003$11,333$157,336

Board Members and Trustees

NameTitle
Cameron HughesBoard Member
Emily HaleckBoard Member
Jennifer LambertBoard Member
Lance AndersonBoard Member
Ryan HunterPres/treas
Revenue and Support

Revenue Composition

Contributions and Grants
$6,649,420
Program Service Revenue
$94,462
Investment Income
$9,924
Other Revenue
$13,109
All Other Contributions
$38,551
Change in Net Assets
$405,354

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,766,915
Revenue Not Reported on Form 990
$34,458
Total Revenue per Audited Statements
$6,801,373
Total Revenue per Form 990
$6,766,915
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,643,418
Other Expenses$1,718,143
Total Fundraising Expense$40,067
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,500,809$301,374-$3,802,183
Interest$545,748$74,328$3,909$623,985
Payroll Taxes$272,939--$272,939
Depreciation Depletion$221,399$12,535$44$233,978
Fees for Services Other$109,109$121,534$4$230,647
Other Employee Benefits$225,892--$225,892
Pension Plan Contributions$196,401--$196,401
Occupancy$147,016$26,487$1,393$174,896
Current Officers, Directors, Trustees, and Key Employees-$146,003-$146,003
Other Expenses$68,500$36,548$34,717$68,500
Information Technology$35,388$24,446-$59,834
Travel$19,053--$19,053
Insurance$18,853--$18,853
All Other Expenses$13,833--$13,833
Fees for Services Accounting-$13,500-$13,500
Fees for Services Legal-$5,125-$5,125
Office Expenses$1,135--$1,135
Total Functional Expenses$5,559,614$761,880$40,067$6,361,561

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,396,019
Expenses per Audited Statements$6,361,561
Total Expenses per Form 990$6,361,561
Expenses Not Reported on Form 990$34,458
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$46,736
Fundraising Direct Expenses$34,458
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Book Fair and F$46,736$46,736$34,458$12,278
Total Events$46,736$46,736$34,458$12,278
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$201,065

Bond Issues

BondIssuerIssuedIssue PricePurpose
AUtah Charter School Finance Authori2020-07-01$12,685,000To retire outstanding bonds and to fund construction of additional facilities.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$12,898,631-$7,620,000$383,051

Bond Financing Compliance

No rebate due
Yes
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
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 is provided to director and board for review and approval prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Full disclosure, by notice in writing, shall be made by the interested parties to the full board of directors in all conflicts of interest.”

Form 990, Page 6, Part VI, Line 15A

“Reviewed and approved in board meetings.”

Form 990, Page 6, Part VI, Line 15B

“Reviewed and approved in board meetings”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request just as forms 990.”

Filing and Contact Details

Filer

Filer Name
Renaissance Academy
EIN
20-3365730
Phone
8017684202
Address
3435 N 1120 E, LEHI, UT 84043

Signing Officer

Name
Mark Ursic
Title
Executive Director
Phone
8017684202
Signed
2023-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Ursic
Formed
2005
Legal Domicile
Ut
Voting Board Members
5
Independent Board Members
5
Employees
118
Volunteers
110

Preparer

Firm
Squire & Company Pc
Address
1329 SOUTH 800 EAST, OREM, UT 84097-7737
Preparer
M Paul Winward CPA
Phone
8012256900
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Fundraising event expenses 34,458 fundraising event expenses -34,458 removal of unamortized bond issuance costs 0”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Fundraising event expenses 34,458”

Schedule D, Page 4, Part XII, Line 2D

“Fundraising event expenses 34,458”

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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/TotalAmt368500
IRS990/OtherLiabilitiesGrp/BOYAmt0207349
IRS990/OtherLiabilitiesGrp/EOYAmt0201065
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0831
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0831
IRS990/OtherRevenueTotalAmt0831
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0301374
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03500809
IRS990/OtherSalariesAndWagesGrp/TotalAmt03802183
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0272939
IRS990/PayrollTaxesGrp/TotalAmt0272939
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0196401
IRS990/PensionPlanContributionsGrp/TotalAmt0196401
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt06534
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0436397
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MARK URSIC
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt094462
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt094462
IRS990/ProgSrvcAccomActy2Grp/Desc0TO PROVIDE MEALS FOR FACULTY AND STUDENTS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0205276
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt05785198
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt021910
IRS990/PYOtherExpensesAmt01664176
IRS990/PYOtherRevenueAmt05821
IRS990/PYProgramServiceRevenueAmt031388
IRS990/PYRevenuesLessExpensesAmt0-226698
IRS990/PYSalariesCompEmpBnftPaidAmt04406839
IRS990/PYTotalExpensesAmt06071015
IRS990/PYTotalRevenueAmt05844317
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0405354
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt094462
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0775577
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0776535
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt04542256
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02804897
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07347153
IRS990ScheduleD/EquipmentGrp/BookValueAmt059207
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0148521
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0207728
IRS990ScheduleD/ExpensesNotReportedAmt034458
IRS990ScheduleD/ExpensesSubtotalAmt06361561
IRS990ScheduleD/LandGrp/BookValueAmt01517020
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01517020
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04828402
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0203984
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05032386
IRS990ScheduleD/OtherExpensesIncludedAmt034458
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0181
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03082
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03263
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0201065
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/OtherRevenueAmt034458
IRS990ScheduleD/RevenueNotReportedAmt034458
IRS990ScheduleD/RevenueSubtotalAmt06766915
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EVENT EXPENSES 34,458
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EVENT EXPENSES 34,458
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010947066
IRS990ScheduleD/TotalExpensesPerForm990Amt06361561
IRS990ScheduleD/TotalLiabilityAmt0201065
IRS990ScheduleD/TotalRevenuePerForm990Amt06766915
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06801373
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06396019
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY IS EXCUSED WITH FORMAL COMPLIANCE OF REV PROC 75-50 AS LONG AS THE ACADEMY'S CHARTER AGREEMENT WITH THE STATE OF UTAH REMAINS IN EFFECT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY RECEIVES FEDERAL AND STATE FUNDS FOR OPERATIONS
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt034458
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BOOK FAIR AND F
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt046736
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt046736
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt046736
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt046736
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt012278
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt034458
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt034458
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0146003
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt0733
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt010600
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARK URSIC
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0157336
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0UTAH CHARTER SCHOOL FINANCE AUTHORIT TO RETIRE OUTSTANDING BONDS AND TO FUND CONSTRUCTION OF ADDITIONAL FACILITIES.
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt1UTAH CHARTER SCHOOL FINANCE AUTHORIT 08/06/21
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PURPOSE OF ISSUE DESCRIPTION
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc1DATE REBATE COMPUTATION PERFORMED
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02020-07-01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0261275269
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum091754TC76
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt012685000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0UTAH CHARTER SCHOOL FINANCE AUTHORI
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0true
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0TO RETIRE OUTSTANDING BONDS AND TO FUND CONSTRUCTION OF ADDITIONAL FACILITIES.
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0780500
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0383051
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt07620000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt012898631
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt05363677
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PROVIDED TO DIRECTOR AND BOARD FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FULL DISCLOSURE, BY NOTICE IN WRITING, SHALL BE MADE BY THE INTERESTED PARTIES TO THE FULL BOARD OF DIRECTORS IN ALL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED AND APPROVED IN BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEWED AND APPROVED IN BOARD MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST JUST AS FORMS 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FUNDRAISING EVENT EXPENSES 34,458 FUNDRAISING EVENT EXPENSES -34,458 REMOVAL OF UNAMORTIZED BOND ISSUANCE COSTS 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,449,981
Liabilities
$13,504,355
Net assets
$1,945,626
Revenue
$6,766,915
Expenses
$6,361,561
Net income
$405,354
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$15.4$13.4$1.99$7.27$7.22$0.04
2022Detailed filing. Detailed filing data is available for this year.$15.4$13.5$1.95$6.77$6.36$0.41
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.7$14.2$1.54$5.84$6.07$0.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.8$8.87$1.92$5.58$5.56$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$8.62$1.90$5.50$5.22$0.28
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.5$8.84$1.62$5.24$4.87$0.37
2017Summary only. Only limited summary data is available for this year.$10.1$8.90$1.25$4.71$4.73$0.03
2016Detailed filing. Detailed filing data is available for this year.$10.4$9.10$1.27$4.56$4.52$0.04
2015Summary only. Only limited summary data is available for this year.$10.4$9.16$1.23$4.14$4.12$0.02
2014Summary only. Only limited summary data is available for this year.$10.5$9.33$1.21$4.16$4.14$0.02
2013Summary only. Only limited summary data is available for this year.$10.7$9.53$1.19$4.05$3.91$0.14
2012Summary only. Only limited summary data is available for this year.$10.8$9.71$1.05$3.89$3.84$0.06
2011Summary only. Only limited summary data is available for this year.$10.8$9.75$1.00$3.94$3.87$0.06
Peer Organizations

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