Civic Intelligence

George Washington Academy

990 • Fiscal year 2021 • EIN 20-4287601

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 07, 2022

Organization ProfileWWW.GWACADEMY.ORG

View Organization Page

2277 South 3000 EastSt George, UT 84790

(435) 673-2232

Siviq Scores

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

Liabilities / Assets

87th percentile

0.77x

Higher debt load relative to assets than 87% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

86th percentile

1.63x

Higher debt load relative to revenue than 86% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

57th percentile

16%

Higher net margin than 57% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$95,489

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

31st percentile

3.0%

Faster asset growth than 31% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

49th percentile

12%

Faster revenue growth than 49% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$18,696,857

Up $537,226 (+3.0%) from 2020

Net Assets

Up

$4,305,793

Up $965,524 (+29%) from 2020

Liabilities

Down

$14,391,064

Down $428,298 (-2.9%) from 2020

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin57th percentile

Revenue

Up

$8,845,783

Up $930,753 (+12%) from 2020

Expenses

Up

$7,455,956

Up $672,646 (+9.9%) from 2020

Net Income

Up

$1,389,827

Up $258,107 (+23%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth31st percentile

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

$30M$20M$10M$0-$10MAssets 2011: $18,249,602Liabilities 2011: $17,254,292Net Assets 2011: $995,3102011Assets 2012: $17,627,471Liabilities 2012: $16,357,166Net Assets 2012: $1,270,3052012Assets 2013: $17,945,185Liabilities 2013: $16,293,082Net Assets 2013: $1,652,1032013Assets 2014: $18,355,166Liabilities 2014: $16,273,518Net Assets 2014: $2,081,6482014Assets 2015: $18,704,958Liabilities 2015: $16,201,369Net Assets 2015: $2,503,5892015Assets 2016: $16,874,706Liabilities 2016: $17,295,982Net Assets 2016: -$421,2762016Assets 2017: $16,866,370Liabilities 2017: $16,508,821Net Assets 2017: $357,5492017Assets 2018: $17,078,296Liabilities 2018: $15,902,751Net Assets 2018: $1,175,5452018Assets 2019: $17,523,709Liabilities 2019: $15,315,160Net Assets 2019: $2,208,5492019Assets 2020: $18,159,631Liabilities 2020: $14,819,362Net Assets 2020: $3,340,2692020Assets 2021: $18,696,857Liabilities 2021: $14,391,064Net Assets 2021: $4,305,7932021Assets 2022: $19,886,817Liabilities 2022: $13,628,203Net Assets 2022: $6,258,6142022Assets 2023: $21,153,022Liabilities 2023: $13,242,255Net Assets 2023: $7,910,7672023Assets 2024: $21,765,615Liabilities 2024: $11,956,699Net Assets 2024: $9,808,9162024Assets 2025: $22,343,650Liabilities 2025: $10,768,690Net Assets 2025: $11,574,9602025

Highlighted filing

2021

Assets$18,696,857
Liabilities$14,391,064
Net Assets$4,305,793
Open 2021 Filing

Operations Trend

Revenue Growth49th percentile

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

$15M$10M$5.0M$0Expenses 2011: $3,671,9082011Expenses 2012: $4,689,9602012Revenue 2013: $5,382,488Expenses 2013: $5,003,893Net Income 2013: $378,5952013Revenue 2014: $5,758,750Expenses 2014: $5,329,205Net Income 2014: $429,5452014Revenue 2015: $5,765,742Expenses 2015: $5,334,157Net Income 2015: $431,5852015Revenue 2016: $6,222,838Expenses 2016: $5,674,391Net Income 2016: $548,4472016Revenue 2017: $6,551,295Expenses 2017: $5,772,470Net Income 2017: $778,8252017Revenue 2018: $7,143,135Expenses 2018: $6,325,139Net Income 2018: $817,9962018Revenue 2019: $7,524,708Expenses 2019: $6,491,704Net Income 2019: $1,033,0042019Revenue 2020: $7,915,030Expenses 2020: $6,783,310Net Income 2020: $1,131,7202020Revenue 2021: $8,845,783Expenses 2021: $7,455,956Net Income 2021: $1,389,8272021Revenue 2022: $9,953,727Expenses 2022: $8,000,906Net Income 2022: $1,952,8212022Revenue 2023: $10,184,346Expenses 2023: $8,532,193Net Income 2023: $1,652,1532023Revenue 2024: $11,326,420Expenses 2024: $9,428,271Net Income 2024: $1,898,1492024Revenue 2025: $11,761,848Expenses 2025: $9,995,804Net Income 2025: $1,766,0442025

Highlighted filing

2021

Revenue$8,845,783
Expenses$7,455,956
Net Income$1,389,827
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 7, 2022
Return Version
2020v4.2
Gross Receipts
$8,845,993
Mission and Program Overview

Mission

We are a community of learners. We will do whatever it takes to learn. We are building a strong foundation by believing we can, working our plan, then feeling the power of success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,025,026$10,808,230▼ $216,796
Savings and Temporary Cash Investments$6,400$4,233,312▲ $4,226,912
Cash and Non-Interest-Bearing Accounts$6,877,907$3,227,579▼ $3,650,328
Accounts Receivable$250,298$427,736▲ $177,438
Total Assets$18,159,631$18,696,857▲ $537,226
Liabilities
Mortgage Notes Payable Secured by Investment Property$13,629,420$13,647,297▲ $17,877
Deferred Revenue$116,648$400,000▲ $283,352
Accounts Payable and Accrued Expenses$1,073,294$343,767▼ $729,527
Total Liabilities$14,819,362$14,391,064▼ $428,298
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$2,497,178-
Net Assets Without Donor Restrictions$3,340,269$1,808,615▼ $1,531,654
Total Net Assets Fund Balance$3,340,269$4,305,793▲ $965,524
Total Liabilities and Net Assets / Fund Balance$18,159,631$18,696,857▲ $537,226

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,321,295$4,473,995$13,795,290
Land$1,232,018-$1,232,018
Equipment$137,685$315,266$452,951
Other Land Buildings$117,232-$117,232
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Blake ClarkExecutive DirectorFT$90,466$5,023$95,489

Board Members and Trustees

NameTitle
Shannon GreerPresident
April PaxtonBoard Member
Casey UnreinBoard Member
Holly MyersBoard Member
Rachel StewartBoard Member
Shauna MahoneyBoard Member
Kevin PetersonCFO
Jaycee RogersSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$8,600,720
Program Service Revenue
$201,822
Investment Income
$43,241
Other Revenue
$0
All Other Contributions
$4,696
Change in Net Assets
$1,389,827

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,845,783
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,845,783
Total Revenue per Form 990
$8,845,783
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,278,051
Other Expenses$2,177,905
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,077,984--$4,077,984
Other Employee Benefits$616,316--$616,316
Interest$471,888--$471,888
Depreciation Depletion$406,789--$406,789
Payroll Taxes$274,092--$274,092
Fees for Services Other$216,021--$216,021
Pension Plan Contributions$191,662--$191,662
Current Officers, Directors, Trustees, and Key Employees$117,997--$117,997
Fees for Services Management-$76,800-$76,800
Other Expenses$64,794--$64,794
Insurance-$34,834-$34,834
Fees for Services Accounting-$11,350-$11,350
Information Technology$9,841--$9,841
Travel$7,685--$7,685
Advertising-$6,095-$6,095
Fees for Services Legal-$670-$670
Total Functional Expenses$7,326,207$129,749$0$7,455,956

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,455,956
Total Expenses per Audited Statements$7,455,956
Total Expenses per Form 990$7,455,956
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 Authority2015-09-15$16,675,000To refund bonds issued aug 2008 and feb 2011 and to purchase land.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$17,173,669$15,558,425$4,138,699$79,206

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
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

“Red apple financial provides management and accounting support.”

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

“Reviewed by outside consultant and the board's finance committee for correctness”

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

“Monitored by the executive director and board annually”

Form 990, Part VI, Section B, Line 15

“All employee compensation is based on approved pay scales which are reviewed annually”

Form 990, Part VI, Section C, Line 19

“Governing board documents, conflict of interest policy and financial statements are available upon request”

Filing and Contact Details

Filer

Filer Name
George Washington Academy
EIN
20-4287601
Phone
4356732232
Address
2277 SOUTH 3000 EAST, ST GEORGE, UT 84790

Signing Officer

Name
Spencer Adams
Title
Business Manager
Phone
4356732232
Signed
2022-03-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Blake Clark
Formed
2007
Legal Domicile
Ut
Voting Board Members
8
Independent Board Members
8
Employees
140
Volunteers
60

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 adjustment -424,303.”

Form 990, Part V, Line 3B

“All revenue is derived from related busines activities”

Financial Statement Notes

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 financial statements and related disclosures to be presented in accordance with the gasb financial reporting framework. Previously, the school prepared financial statements under the financial accounting standards board (fasb) framework.”

Raw XML AppendixShowing 400 of 472 raw XML fields

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IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-424303
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0616316
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0616316
IRS990/OtherExpensesGrp/Desc0TEXBOOKS AND ED MATERIA
IRS990/OtherExpensesGrp/Desc1PROPERTY AND MAINTENANC
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/ProgramServicesAmt0381924
IRS990/OtherExpensesGrp/ProgramServicesAmt1255597
IRS990/OtherExpensesGrp/ProgramServicesAmt2233617
IRS990/OtherExpensesGrp/ProgramServicesAmt364794
IRS990/OtherExpensesGrp/TotalAmt0381924
IRS990/OtherExpensesGrp/TotalAmt1255597
IRS990/OtherExpensesGrp/TotalAmt2233617
IRS990/OtherExpensesGrp/TotalAmt364794
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04077984
IRS990/OtherSalariesAndWagesGrp/TotalAmt04077984
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0274092
IRS990/PayrollTaxesGrp/TotalAmt0274092
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0191662
IRS990/PensionPlanContributionsGrp/TotalAmt0191662
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BLAKE CLARK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0ELEMENTARY AND SECONDA
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0201822
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0201822
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt07579453
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0111761
IRS990/PYOtherExpensesAmt02183544
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0223816
IRS990/PYRevenuesLessExpensesAmt01131720
IRS990/PYSalariesCompEmpBnftPaidAmt04599766
IRS990/PYTotalExpensesAmt06783310
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07915030
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01389827
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0201822
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06400
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04233312
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt09321295
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04473995
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013795290
IRS990ScheduleD/EquipmentGrp/BookValueAmt0137685
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0315266
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0452951
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07455956
IRS990ScheduleD/LandGrp/BookValueAmt01232018
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01232018
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0117232
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0117232
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08845783
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UTAH 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 FINANCIAL STATEMENTS AND RELATED DISCLOSURES TO BE PRESENTED IN ACCORDANCE WITH THE GASB FINANCIAL REPORTING FRAMEWORK. PREVIOUSLY, THE SCHOOL PREPARED FINANCIAL STATEMENTS UNDER THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) FRAMEWORK.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0CHANGE IN ACCOUNTING FRAMEWORK
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010808230
IRS990ScheduleD/TotalExpensesPerForm990Amt07455956
IRS990ScheduleD/TotalRevenuePerForm990Amt08845783
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08845783
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07455956
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 ORGANIZATION IS EXCUSED FORM 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 ORGANIZATION RECEIVES STATE AND FEDERAL FUNDING TO OPERATE THE SCHOOL.
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/SupplementalInformationDetail/ExplanationTxt0ISSUER NAME: UTAH CHARTER SCHOOL FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 10/07/2020
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0DATE REBATE COMPUTATION PERFORMED
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02015-09-15
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0261275269
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum091754TMX8
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt016675000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0UTAH CHARTER SCHOOL FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0TO REFUND BONDS ISSUED AUG 2008 AND FEB 2011 AND TO PURCHASE LAND.
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/CapitalExpendituresAmt0250125
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt01285913
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt079206
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt015558425
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt04138699
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02016
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt017173669
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RED APPLE FINANCIAL PROVIDES MANAGEMENT AND ACCOUNTING SUPPORT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED BY OUTSIDE CONSULTANT AND THE BOARD'S FINANCE COMMITTEE FOR CORRECTNESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MONITORED BY THE EXECUTIVE DIRECTOR AND BOARD ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL EMPLOYEE COMPENSATION IS BASED ON APPROVED PAY SCALES WHICH ARE REVIEWED ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING BOARD DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FASB TO GASB ADJUSTMENT -424,303.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL REVENUE IS DERIVED FROM RELATED BUSINES ACTIVITIES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART V, LINE 3B
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0UT
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt018159631
IRS990/TotalAssetsEOYAmt018696857
IRS990/TotalAssetsGrp/BOYAmt018159631
IRS990/TotalAssetsGrp/EOYAmt018696857
IRS990/TotalCompGreaterThan150KInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$18,696,857
Liabilities
$14,391,064
Net assets
$4,305,793
Revenue
$8,845,783
Expenses
$7,455,956
Net income
$1,389,827
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$22.3$10.8$11.6$11.8$10.00$1.77
2024Detailed filing. Detailed filing data is available for this year.$21.8$12.0$9.81$11.3$9.43$1.90
2023Detailed filing. Detailed filing data is available for this year.$21.2$13.2$7.91$10.2$8.53$1.65
2022Detailed filing. Detailed filing data is available for this year.$19.9$13.6$6.26$9.95$8.00$1.95
2021Detailed filing. Detailed filing data is available for this year.$18.7$14.4$4.31$8.85$7.46$1.39
2020Summary only. Only limited summary data is available for this year.$18.2$14.8$3.34$7.92$6.78$1.13
2019Summary only. Only limited summary data is available for this year.$17.5$15.3$2.21$7.52$6.49$1.03
2018Summary only. Only limited summary data is available for this year.$17.1$15.9$1.18$7.14$6.33$0.82
2017Summary only. Only limited summary data is available for this year.$16.9$16.5$0.36$6.55$5.77$0.78
2016Summary only. Only limited summary data is available for this year.$16.9$17.3$0.42$6.22$5.67$0.55
2015Summary only. Only limited summary data is available for this year.$18.7$16.2$2.50$5.77$5.33$0.43
2014Summary only. Only limited summary data is available for this year.$18.4$16.3$2.08$5.76$5.33$0.43
2013Summary only. Only limited summary data is available for this year.$17.9$16.3$1.65$5.38$5.00$0.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.6$16.4$1.27$4.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.2$17.3$1.00$3.67