Civic Intelligence

Monticello Academy Inc.

990 • Fiscal year 2018 • EIN 20-4303874

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 15, 2019

Organization ProfileWWW.MONTICELLOACADEMY.NET
2782 South Corporate Park DriveWest Valley City, UT 84120

(801) 417-8040

Siviq Scores

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

Liabilities / Assets

89th percentile

0.88x

Higher debt load relative to assets than 89% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

87th percentile

1.86x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

62nd percentile

7.1%

Higher net margin than 62% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

14th percentile

$40,000

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

40th percentile

-0.3%

Faster asset growth than 40% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

57th percentile

6.4%

Faster revenue growth than 57% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$11,679,055

Down $39,797 (-0.3%) from 2017

Net Assets

Up

$1,364,885

Up $394,105 (+41%) from 2017

Liabilities

Down

$10,314,170

Down $433,902 (-4.0%) from 2017

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin62nd percentile

Revenue

Up

$5,548,524

Up $334,515 (+6.4%) from 2017

Expenses

Up

$5,154,419

Up $189,202 (+3.8%) from 2017

Net Income

Up

$394,105

Up $145,313 (+58%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$30M$20M$10M$0-$10MAssets 2011: $10,956,102Liabilities 2011: $11,195,368Net Assets 2011: -$239,2662011Assets 2012: $11,028,503Liabilities 2012: $11,141,183Net Assets 2012: -$112,6802012Assets 2013: $11,089,104Liabilities 2013: $11,095,436Net Assets 2013: -$6,3322013Assets 2014: $11,281,891Liabilities 2014: $11,240,985Net Assets 2014: $40,9062014Assets 2015: $11,227,310Liabilities 2015: $10,949,719Net Assets 2015: $277,5912015Assets 2016: $11,580,989Liabilities 2016: $10,859,001Net Assets 2016: $721,9882016Assets 2017: $11,718,852Liabilities 2017: $10,748,072Net Assets 2017: $970,7802017Assets 2018: $11,679,055Liabilities 2018: $10,314,170Net Assets 2018: $1,364,8852018Assets 2019: $11,791,725Liabilities 2019: $10,201,979Net Assets 2019: $1,589,7462019Assets 2020: $11,484,658Liabilities 2020: $10,067,081Net Assets 2020: $1,417,5772020Assets 2021: $19,308,267Liabilities 2021: $20,120,719Net Assets 2021: -$812,4522021Assets 2022: $19,391,923Liabilities 2022: $18,559,740Net Assets 2022: $832,1832022Assets 2023: $22,952,325Liabilities 2023: $22,117,640Net Assets 2023: $834,6852023Assets 2024: $22,312,375Liabilities 2024: $21,230,306Net Assets 2024: $1,082,0692024Assets 2025: $22,467,362Liabilities 2025: $20,736,965Net Assets 2025: $1,730,3972025

Highlighted filing

2018

Assets$11,679,055
Liabilities$10,314,170
Net Assets$1,364,885
Open 2018 Filing

Operations Trend

Revenue Growth57th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $4,494,216Expenses 2011: $4,384,422Net Income 2011: $109,7942011Expenses 2012: $4,489,0532012Revenue 2013: $4,630,572Expenses 2013: $4,518,224Net Income 2013: $112,3482013Revenue 2014: $4,708,115Expenses 2014: $4,660,877Net Income 2014: $47,2382014Revenue 2015: $4,685,188Expenses 2015: $4,448,503Net Income 2015: $236,6852015Revenue 2016: $4,823,785Expenses 2016: $4,376,208Net Income 2016: $447,5772016Revenue 2017: $5,214,009Expenses 2017: $4,965,217Net Income 2017: $248,7922017Revenue 2018: $5,548,524Expenses 2018: $5,154,419Net Income 2018: $394,1052018Revenue 2019: $5,559,153Expenses 2019: $5,334,292Net Income 2019: $224,8612019Revenue 2020: $5,448,578Expenses 2020: $5,620,747Net Income 2020: -$172,1692020Revenue 2021: $7,821,521Expenses 2021: $8,343,800Net Income 2021: -$522,2792021Revenue 2022: $10,995,188Expenses 2022: $9,350,553Net Income 2022: $1,644,6352022Revenue 2023: $11,878,580Expenses 2023: $11,876,078Net Income 2023: $2,5022023Revenue 2024: $13,083,646Expenses 2024: $12,836,262Net Income 2024: $247,3842024Revenue 2025: $14,611,960Expenses 2025: $13,926,025Net Income 2025: $685,9352025

Highlighted filing

2018

Revenue$5,548,524
Expenses$5,154,419
Net Income$394,105
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 15, 2019
Return Version
2017v2.3
Gross Receipts
$5,548,524
Mission and Program Overview

Mission

The mission of Monticello Academy is to prepare students for higher education by providing a well-rounded, rigorous liberal arts education and developing the traditional American traits of hard work and strong moral character that lead to academic and life success.

The mission of monticello academy is to provide a superior education for k-9 students by 1) placing a high priority on academic achievement and college preparation; 2)fostering traditional american values of hard work and strong moral character; 3)encouraging parents to resume their rights and responsibilities to influence the education of their children; 4) restoring strong art, music, and physical education components to the school curriculum; 5) utilizing state-of-the-art technology to enhance instruction and learning; 6)assisting students to gain knowledge, motivation, confidence, skills, and a lifelong love of learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,636,079$7,468,221▼ $167,858
Savings and Temporary Cash Investments$2,102,152$1,829,123▼ $273,029
Cash and Non-Interest-Bearing Accounts$805,948$1,635,717▲ $829,769
Pledges and Grants Receivable$162,374$59,937▼ $102,437
Accounts Receivable$1,905$2,813▲ $908
Total Assets$11,718,852$11,679,055▼ $39,797
Other Assets Total$1,010,394$683,244▼ $327,150
Liabilities
Tax Exempt Bond Liabilities$9,765,000$9,440,000▼ $325,000
Accounts Payable and Accrued Expenses$778,220$512,618▼ $265,602
Other Liabilities$162,790$313,548▲ $150,758
Deferred Revenue$42,062$48,004▲ $5,942
Total Liabilities$10,748,072$10,314,170▼ $433,902
Net Assets / Fund Balance
Unrestricted Net Assets$970,780$1,364,885▲ $394,105
Total Net Assets Fund Balance$970,780$1,364,885▲ $394,105
Total Liabilities and Net Assets / Fund Balance$11,718,852$11,679,055▼ $39,797

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,500,161$2,064,530$7,564,691
Land$1,475,813-$1,475,813
Equipment$161,743$595,229$756,972
Leasehold Improvements$330,504$82,666$413,170
Other Assets Org$683,244--
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Kim ColemanExecutive DiFT$40,000$40,000

Board Members and Trustees

NameTitle
Jienie AssinkChair
Jennifer WarnasTrustee
Joel ColemanTrustee
Martell WintersTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$5,386,822
Program Service Revenue
$123,500
Investment Income
$38,202
Other Revenue
$0
All Other Contributions
$20,619
Change in Net Assets
$394,105
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,114,396
Other Expenses$2,040,023
Total Fundraising Expense$6,008
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,184,859$42,295$52$2,227,206
Fees for Services Other$373,969$144,027-$517,996
Interest$393,039$23,777$535$417,351
Pension Plan Contributions$402,626--$402,626
Other Employee Benefits$320,157$199$4$320,360
Depreciation Depletion$281,001$14,258$321$295,580
Payroll Taxes$164,204--$164,204
Occupancy$133,665$21,271$137$155,073
Conferences and Meetings$44,027--$44,027
Other Expenses$42,333$4,142$4,953$42,333
Insurance$22,597--$22,597
Fees for Services Accounting-$16,036-$16,036
All Other Expenses$14,139$261$6$14,406
Travel$9,462--$9,462
Fees for Services Legal-$980-$980
Office Expenses$918--$918
Advertising$450--$450
Total Functional Expenses$4,881,165$267,246$6,008$5,154,419
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Type 1 Supp OrgBusiness Mgmt SvcsNo$400,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due From Monticello Academy Properti$159,035
Bond Premium$154,513

Bond Issues

BondIssuerIssuedIssue PricePurpose
AUtah Charter School Finance Authori2014-02-12$10,670,000Purchase of land and school buildings

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$10,860,381-$9,042,460$500,398

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
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 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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Joel coleman kim coleman board mbr exec dir family relationship”

Form 990, Page 6, Part VI, Line 3

“Many of the school's fiscal and administrative services are provided by monticello academy properties (a related tax-exempt organization) who contracts with red apple financial for some of these services.”

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

“Business manager and executive director will review form 990 and present a copy to the board of directors subsequent to filing.”

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

“Board members declare annually any conflicts of interest. Items involving any conflict are noted in the board meeting minutes. Members of the board recuse themselves from voting on items of conflicting interest.”

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

“Salaries are compared to nearby school districts and charter schools, then reviewed and approved by the board.”

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

“Salaries are compared to nearby school districts and charter schools, then reviewed and approved by the board.”

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
Monticello Academy Inc
EIN
20-4303874
Phone
8014178040
Address
2782 SOUTH CORPORATE PARK DRIVE, WEST VALLEY CITY, UT 84120

Signing Officer

Name
Joel Coleman
Title
Trustee
Phone
8013944140
Signed
2019-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joel Coleman
Formed
2006
Legal Domicile
Ut
Voting Board Members
4
Independent Board Members
3
Employees
102
Volunteers
100

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 - ORGANIZATION'S MISSION

“The mission of monticello academy is to provide a superior education for k-9 students by 1) placing a high priority on academic achievement and college preparation; 2)fostering traditional american values of hard work and strong moral character; 3)encouraging parents to resume their rights and responsibilities to influence the education of their children; 4) restoring strong art, music, and physical education components to the school curriculum; 5) utilizing state-of-the-art technology to enhance instruction and learning; 6)assisting students to gain knowledge, motivation, confidence, skills, and a lifelong love of learning.”

Form 990, Part IX, Line 11G

“373,969 144,027 0”

Raw XML AppendixShowing 400 of 500 raw XML fields

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IRS990/MissionDesc0THE MISSION OF MONTICELLO ACADEMY IS TO PROVIDE A SUPERIOR EDUCATION FOR K-9 STUDENTS BY 1) PLACING A HIGH PRIORITY ON ACADEMIC ACHIEVEMENT AND COLLEGE PREPARATION; 2)FOSTERING TRADITIONAL AMERICAN VALUES OF HARD WORK AND STRONG MORAL CHARACTER; 3)ENCOURAGING PARENTS TO RESUME THEIR RIGHTS AND RESPONSIBILITIES TO INFLUENCE THE EDUCATION OF THEIR CHILDREN; 4) RESTORING STRONG ART, MUSIC, AND PHYSICAL EDUCATION COMPONENTS TO THE SCHOOL CURRICULUM; 5) UTILIZING STATE-OF-THE-ART TECHNOLOGY TO ENHANCE INSTRUCTION AND LEARNING; 6)ASSISTING STUDENTS TO GAIN KNOWLEDGE, MOTIVATION, CONFIDENCE, SKILLS, AND A LIFELONG LOVE OF LEARNING.
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IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1TEXTBOOKS AND EQUIPMENT
IRS990/OtherExpensesGrp/Desc2SUPPLIES AND MATERIALS
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt04953
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04142
IRS990/OtherExpensesGrp/ProgramServicesAmt0279637
IRS990/OtherExpensesGrp/ProgramServicesAmt1142679
IRS990/OtherExpensesGrp/ProgramServicesAmt271403
IRS990/OtherExpensesGrp/ProgramServicesAmt342333
IRS990/OtherExpensesGrp/TotalAmt0279637
IRS990/OtherExpensesGrp/TotalAmt1142679
IRS990/OtherExpensesGrp/TotalAmt280498
IRS990/OtherExpensesGrp/TotalAmt342333
IRS990/OtherLiabilitiesGrp/BOYAmt0162790
IRS990/OtherLiabilitiesGrp/EOYAmt0313548
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt052
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt042295
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02184859
IRS990/OtherSalariesAndWagesGrp/TotalAmt02227206
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0164204
IRS990/PayrollTaxesGrp/TotalAmt0164204
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0402626
IRS990/PensionPlanContributionsGrp/TotalAmt0402626
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0162374
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt059937
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JOEL COLEMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL LUNCH
IRS990/ProgramServiceRevenueGrp/Desc1SCHOOL ACTIVITIES AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt083379
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt140121
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt083379
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt140121
IRS990/ProgSrvcAccomActy2Grp/Desc0TO OPERATE A SCHOOL LUNCH PROGRAM.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0499617
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt083379
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt05065652
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt023482
IRS990/PYOtherExpensesAmt01951762
IRS990/PYProgramServiceRevenueAmt0124875
IRS990/PYRevenuesLessExpensesAmt0248792
IRS990/PYSalariesCompEmpBnftPaidAmt03013455
IRS990/PYTotalExpensesAmt04965217
IRS990/PYTotalRevenueAmt05214009
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0394105
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt040121
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02102152
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01829123
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt05500161
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02064530
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07564691
IRS990ScheduleD/EquipmentGrp/BookValueAmt0161743
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0595229
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0756972
IRS990ScheduleD/LandGrp/BookValueAmt01475813
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01475813
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0330504
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt082666
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0413170
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0683244
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BOND ISSUANCE COSTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0159035
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1154513
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE FROM MONTICELLO ACADEMY PROPERTI
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1BOND PREMIUM
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07468221
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0683244
IRS990ScheduleD/TotalLiabilityAmt0313548
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 SCHOOL IS EXCUSED FROM FORMAL COMPLIANCE OF REV PROC 75-50 AS LONG AS ITS CHARTER AGREEMENT WITH THE STATE OF UTAH REMAINS IN EFFECT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES FEDERAL AND STATE FUNDS FOR OPERATIONS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0UTAH CHARTER SCHOOL FINANCE AUTHORIT THE SCHOOL IS THE SOLE MEMBER OF 2782 SOUTH CORPORATE PARK DRIVE, LLC (LLC). THE SCHOOL SOLD THE LAND AND BUILDING TO THE LLC FOR THE FUNDS NEEDED TO RETIRE ITS PRIOR BONDS. THE 2014 BONDS WERE ISSUED BY THE LLC AND THE SCHOOL HAS ENTERED INTO A LEASE AGREEMENT FOR THE LAND AND BUILDING. THE LEASE AGREEMENT REQUIRES THE SCHOOL TO LEASE THE LAND AND BUILDING FROM THE LLC WITH THE BASE RENT BEING EQUAL TO THE ANNUAL BOND PAYMENT (PRINCIPAL AND INTEREST).
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE K - ADDITIONAL INFORMATION
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02014-02-12
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0870362454
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum095639TAE5
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt010670000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0UTAH CHARTER SCHOOL FINANCE AUTHORI
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0PURCHASE OF LAND AND SCHOOL BUILDINGS
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0true
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt01317523
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0500398
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt09042460
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02014
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt010860381
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0MONTICELLO ACADEMY PROPERTIES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0TYPE 1 SUPP ORG
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0400000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0BUSINESS MGMT SVCS
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF MONTICELLO ACADEMY IS TO PROVIDE A SUPERIOR EDUCATION FOR K-9 STUDENTS BY 1) PLACING A HIGH PRIORITY ON ACADEMIC ACHIEVEMENT AND COLLEGE PREPARATION; 2)FOSTERING TRADITIONAL AMERICAN VALUES OF HARD WORK AND STRONG MORAL CHARACTER; 3)ENCOURAGING PARENTS TO RESUME THEIR RIGHTS AND RESPONSIBILITIES TO INFLUENCE THE EDUCATION OF THEIR CHILDREN; 4) RESTORING STRONG ART, MUSIC, AND PHYSICAL EDUCATION COMPONENTS TO THE SCHOOL CURRICULUM; 5) UTILIZING STATE-OF-THE-ART TECHNOLOGY TO ENHANCE INSTRUCTION AND LEARNING; 6)ASSISTING STUDENTS TO GAIN KNOWLEDGE, MOTIVATION, CONFIDENCE, SKILLS, AND A LIFELONG LOVE OF LEARNING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JOEL COLEMAN KIM COLEMAN BOARD MBR EXEC DIR FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANY OF THE SCHOOL'S FISCAL AND ADMINISTRATIVE SERVICES ARE PROVIDED BY MONTICELLO ACADEMY PROPERTIES (A RELATED TAX-EXEMPT ORGANIZATION) WHO CONTRACTS WITH RED APPLE FINANCIAL FOR SOME OF THESE SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BUSINESS MANAGER AND EXECUTIVE DIRECTOR WILL REVIEW FORM 990 AND PRESENT A COPY TO THE BOARD OF DIRECTORS SUBSEQUENT TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS DECLARE ANNUALLY ANY CONFLICTS OF INTEREST. ITEMS INVOLVING ANY CONFLICT ARE NOTED IN THE BOARD MEETING MINUTES. MEMBERS OF THE BOARD RECUSE THEMSELVES FROM VOTING ON ITEMS OF CONFLICTING INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SALARIES ARE COMPARED TO NEARBY SCHOOL DISTRICTS AND CHARTER SCHOOLS, THEN REVIEWED AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SALARIES ARE COMPARED TO NEARBY SCHOOL DISTRICTS AND CHARTER SCHOOLS, THEN REVIEWED AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST JUST AS FORMS 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8373,969 144,027 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0MONTICELLO
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine2Txt0MONTICELLO ACADEMY INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt02782 SOUTH CORPORATE PARK
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine2Txt0DRIVE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt06975974
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0UT
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0BLDG RENT
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0745050
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt02782 SOUTH CORPORATE PARK DRIVE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0WEST VALLEY CITY
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0UT
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd084120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0MONTICELLO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MONTICELLO ACADEMY PROPERTIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0464786338
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt03
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0UT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MGMT SVCS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt012B
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02782 SOUTH CORPORATE PARK DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WEST VALLEY CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0UT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd084120
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,679,055
Liabilities
$10,314,170
Net assets
$1,364,885
Revenue
$5,548,524
Expenses
$5,154,419
Net income
$394,105
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$22.5$20.7$1.73$14.6$13.9$0.69
2024Detailed filing. Detailed filing data is available for this year.$22.3$21.2$1.08$13.1$12.8$0.25
2023Detailed filing. Detailed filing data is available for this year.$23.0$22.1$0.83$11.9$11.9$0.00
2022Detailed filing. Detailed filing data is available for this year.$19.4$18.6$0.83$11.0$9.35$1.64
2021Detailed filing. Detailed filing data is available for this year.$19.3$20.1$0.81$7.82$8.34$0.52
2020Detailed filing. Detailed filing data is available for this year.$11.5$10.1$1.42$5.45$5.62$0.17
2019Detailed filing. Detailed filing data is available for this year.$11.8$10.2$1.59$5.56$5.33$0.22
2018Detailed filing. Detailed filing data is available for this year.$11.7$10.3$1.36$5.55$5.15$0.39
2017Detailed filing. Detailed filing data is available for this year.$11.7$10.7$0.97$5.21$4.97$0.25
2016Detailed filing. Detailed filing data is available for this year.$11.6$10.9$0.72$4.82$4.38$0.45
2015Summary only. Only limited summary data is available for this year.$11.2$10.9$0.28$4.69$4.45$0.24
2014Summary only. Only limited summary data is available for this year.$11.3$11.2$0.04$4.71$4.66$0.05
2013Summary only. Only limited summary data is available for this year.$11.1$11.1$0.01$4.63$4.52$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$11.1$0.11$4.49
2011Summary only. Only limited summary data is available for this year.$11.0$11.2$0.24$4.49$4.38$0.11