Civic Intelligence

Merit College Preparatory Academy

990 • Fiscal year 2016 • EIN 26-0450627

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 24, 2017

Organization ProfileMERITACADEMY.ORG
1440 W Center StSpringville, UT 84663

(801) 491-7600

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.01x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

93rd percentile

4.42x

Higher debt load relative to revenue than 93% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

10th percentile

-25%

Higher net margin than 10% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$87,187

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

19th percentile

-4.7%

Faster asset growth than 19% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

15th percentile

-20%

Faster revenue growth than 15% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$12,561,818

Down $614,610 (-4.7%) from 2015

Net Assets

Down

-$140,193

Down $722,555 (-124%) from 2015

Liabilities

Up

$12,702,011

Up $107,945 (+0.9%) from 2015

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin10th percentile

Revenue

Down

$2,870,894

Down $715,147 (-20%) from 2015

Expenses

Up

$3,593,449

Up $100,453 (+2.9%) from 2015

Net Income

Down

-$722,555

Down $815,600 (-877%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2013: $858,708Liabilities 2013: $325,576Net Assets 2013: $533,1322013Assets 2014: $13,459,972Liabilities 2014: $12,970,655Net Assets 2014: $489,3172014Assets 2015: $13,176,428Liabilities 2015: $12,594,066Net Assets 2015: $582,3622015Assets 2016: $12,561,818Liabilities 2016: $12,702,011Net Assets 2016: -$140,1932016Assets 2021: $12,760,586Liabilities 2021: $13,303,203Net Assets 2021: -$542,6172021Assets 2022: $13,301,648Liabilities 2022: $13,198,022Net Assets 2022: $103,6262022Assets 2023: $13,631,519Liabilities 2023: $13,053,769Net Assets 2023: $577,7502023Assets 2024: $14,736,304Liabilities 2024: $13,178,586Net Assets 2024: $1,557,7182024Assets 2025: $14,943,471Liabilities 2025: $13,045,718Net Assets 2025: $1,897,7532025

Highlighted filing

2016

Assets$12,561,818
Liabilities$12,702,011
Net Assets-$140,193
Open 2016 Filing

Operations Trend

Revenue Growth15th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2013: $4,344,9632013Revenue 2014: $3,513,736Expenses 2014: $3,557,551Net Income 2014: -$43,8152014Revenue 2015: $3,586,041Expenses 2015: $3,492,996Net Income 2015: $93,0452015Revenue 2016: $2,870,894Expenses 2016: $3,593,449Net Income 2016: -$722,5552016Revenue 2021: $4,674,438Expenses 2021: $4,609,131Net Income 2021: $65,3072021Revenue 2022: $5,333,251Expenses 2022: $4,687,008Net Income 2022: $646,2432022Revenue 2023: $5,756,187Expenses 2023: $5,282,063Net Income 2023: $474,1242023Revenue 2024: $6,799,300Expenses 2024: $5,819,332Net Income 2024: $979,9682024Revenue 2025: $7,015,705Expenses 2025: $6,675,670Net Income 2025: $340,0352025

Highlighted filing

2016

Revenue$2,870,894
Expenses$3,593,449
Net Income-$722,555
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 24, 2017
Return Version
2015v3.0
Gross Receipts
$2,879,019
Mission and Program Overview

Mission

Merit will prepare all students to achieve their highest potential as citizens in society by developing the knowledge and skills required to excel in higher education and by developing the knowledge and skills required for community leadership and social commitment.

Merit college preparatory academy will endow all students with the knowledge and skills required to excel in higher education and with the understanding essential for civic and social responsibility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,930,393$11,628,620▼ $301,773
Cash and Non-Interest-Bearing Accounts$1,116,445$859,411▼ $257,034
Pledges and Grants Receivable$94,763$50,004▼ $44,759
Accounts Receivable$1,596$946▼ $650
Prepaid Expenses and Deferred Charges$196$517▲ $321
Total Assets$13,176,428$12,561,818▼ $614,610
Other Assets Total$33,035$22,320▼ $10,715
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,200,000$12,200,000→ $0
Accounts Payable and Accrued Expenses$394,066$502,011▲ $107,945
Total Liabilities$12,594,066$12,702,011▲ $107,945
Net Assets / Fund Balance
Temporarily Rstr Net Assets$870,686$922,865▲ $52,179
Unrestricted Net Assets$-288,324$-1,063,058▼ $774,734
Total Net Assets Fund Balance$582,362$-140,193▼ $722,555
Total Liabilities and Net Assets / Fund Balance$13,176,428$12,561,818▼ $614,610

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,380,278$735,022$11,115,300
Land$1,084,700-$1,084,700
Leasehold Improvements$133,024$32,744$165,768
Equipment$30,618$126,264$156,882
Compensation and Service Providers
Top Officer Pay19th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kim MitchellDirectorFT$80,004$7,183$87,187

Board Members and Trustees

NameTitle
Sherwin HarrisChair
Angela BunkerMember
David HennesseyMember
John YoungMember
Nanette TannerMember
Revenue and Support

Revenue Composition

Contributions and Grants
$2,481,614
Program Service Revenue
$388,491
Investment Income
$-8,125
Other Revenue
$8,914
All Other Contributions
$20,526
Change in Net Assets
$-722,555

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,870,894
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,870,894
Total Revenue per Form 990
$2,870,894
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,831,530
Salaries, Compensation, and Employee Benefits$1,761,919
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,345,717$7,700-$1,353,417
Interest$914,469--$914,469
Depreciation Depletion$306,667--$306,667
Other Employee Benefits$186,427$1,032-$187,459
Payroll Taxes$109,852$691-$110,543
Current Officers, Directors, Trustees, and Key Employees$87,187--$87,187
Fees for Services Other$78,540$78-$78,618
Fees for Services Management$53,500--$53,500
Travel$34,873$30-$34,903
Pension Plan Contributions$23,151$162-$23,313
Insurance$11,104--$11,104
Fees for Services Accounting$9,316$374-$9,690
Other Expenses$4,431$120-$4,551
Information Technology$3,679--$3,679
Advertising$2,891$7-$2,898
All Other Expenses$471--$471
Total Functional Expenses$3,582,889$10,560$0$3,593,449

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,593,449
Total Expenses per Audited Statements$3,593,449
Total Expenses per Form 990$3,593,449
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
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 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

“Merit college prepatory academy pays charter solutions to manage the company.”

Form 990, Part VI, Section B, Line 11

“The board of directors is provided a copy of the form 990 prior to filing the return.”

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

“Conflict of interest disclosures are reviewed annually. If any conflicts arise, the board will resolve the issue. If the conflict is with a member of the board, those having the conflict will be excused from the discussion and they will be notified of the decision.”

Form 990, Part VI, Section B, Line 15

“The board approves the compensation for key personnel and directors. They use industry standards to aid in determining the compensation.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Merit College Preparatory Academy
EIN
26-0450627
Phone
8014917600
Address
1440 W CENTER ST, SPRINGVILLE, UT 84663

Signing Officer

Name
Kim Mitchell
Title
Director
Phone
8014917600
Signed
2017-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Mitchell
Formed
2006
Legal Domicile
Ut
Voting Board Members
5
Independent Board Members
5
Employees
58
Volunteers
81

Preparer

Firm
Eide Bailly Llp
Address
5929 S FASHION POINTE DR STE 300, OGDEN, UT 84403
Preparer
Eric C Johnson CPA
Phone
8016211575
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The school is organized as a utah nonprofit corporation and has been recognized by the internal revenue service (irs) as exempt from federal income taxes under section 501(a) of the internal revenue code as organizations described in section 501(c)(3), qualify for the charitable contribution deduction under section 170(b)(1)(a)(vi) and (viii), and has been determined not to be a private foundations under sections 509(a)(1) and (3), respectively. The school is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, the school is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. The school has determined it is not subject to unrelated business income tax and has not filed an exempt organization business income tax return (form 990-t) with the irs. The school believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The school would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.”

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IRS990/ProgramServiceRevenueGrp/Desc1STUDENT ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc2FOOD SERVICES
IRS990/ProgramServiceRevenueGrp/Desc3TRANSPORTATION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0176700
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1143887
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt260810
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt37094
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0176700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1143887
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt260810
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt37094
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03201849
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01887211
IRS990/PYOtherRevenueAmt02130
IRS990/PYProgramServiceRevenueAmt0382062
IRS990/PYRevenuesLessExpensesAmt093045
IRS990/PYSalariesCompEmpBnftPaidAmt01605785
IRS990/PYTotalExpensesAmt03492996
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03586041
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-722555
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt08914
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0388491
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt010380278
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0735022
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011115300
IRS990ScheduleD/EquipmentGrp/BookValueAmt030618
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0126264
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0156882
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03593449
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01084700
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01084700
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0133024
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt032744
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0165768
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02870894
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS ORGANIZED AS A UTAH NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3), QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI) AND (VIII), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATIONS UNDER SECTIONS 509(A)(1) AND (3), RESPECTIVELY. THE SCHOOL IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE SCHOOL IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. THE SCHOOL HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. THE SCHOOL BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE SCHOOL WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011628620
IRS990ScheduleD/TotalExpensesPerForm990Amt03593449
IRS990ScheduleD/TotalRevenuePerForm990Amt02870894
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02870894
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03593449
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 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 FINANCIAL ASSISTANCE FROM FEDERAL AND STATE GOVERNMENTS TO OPERATE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MERIT COLLEGE PREPATORY ACADEMY PAYS CHARTER SOLUTIONS TO MANAGE THE COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS PROVIDED A COPY OF THE FORM 990 PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST DISCLOSURES ARE REVIEWED ANNUALLY. IF ANY CONFLICTS ARISE, THE BOARD WILL RESOLVE THE ISSUE. IF THE CONFLICT IS WITH A MEMBER OF THE BOARD, THOSE HAVING THE CONFLICT WILL BE EXCUSED FROM THE DISCUSSION AND THEY WILL BE NOTIFIED OF THE DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD APPROVES THE COMPENSATION FOR KEY PERSONNEL AND DIRECTORS. THEY USE INDUSTRY STANDARDS TO AID IN DETERMINING THE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
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
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0UT
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0870686
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0922865
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt013176428
IRS990/TotalAssetsEOYAmt012561818
IRS990/TotalAssetsGrp/BOYAmt013176428
IRS990/TotalAssetsGrp/EOYAmt012561818
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02481614
IRS990/TotalEmployeeCnt058
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010560
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03582889
IRS990/TotalFunctionalExpensesGrp/TotalAmt03593449
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012594066
IRS990/TotalLiabilitiesEOYAmt012702011
IRS990/TotalLiabilitiesGrp/BOYAmt012594066
IRS990/TotalLiabilitiesGrp/EOYAmt012702011
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0582362
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-140193
IRS990/TotalOtherCompensationAmt07183
IRS990/TotalProgramServiceExpensesAmt03582889
IRS990/TotalProgramServiceRevenueAmt0388491
IRS990/TotalReportableCompFromOrgAmt080004
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0389280
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02870894
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt081
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013176428
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012561818
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt030
IRS990/TravelGrp/ProgramServicesAmt034873
IRS990/TravelGrp/TotalAmt034903
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-288324
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1063058
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01440 W CENTER ST
IRS990/USAddress/CityNm0SPRINGVILLE
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084663
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0MERITACADEMY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KIM MITCHELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08014917600
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MERIT COLLEGE PREPARATORY ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0MERI
ReturnHeader/Filer/EIN0260450627
ReturnHeader/Filer/PhoneNum08014917600
ReturnHeader/Filer/USAddress/AddressLine1Txt01440 W CENTER ST

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,561,818
Liabilities
$12,702,011
Net assets
-$140,193
Revenue
$2,870,894
Expenses
$3,593,449
Net income
-$722,555
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$14.9$13.0$1.90$7.02$6.68$0.34
2024Detailed filing. Detailed filing data is available for this year.$14.7$13.2$1.56$6.80$5.82$0.98
2023Detailed filing. Detailed filing data is available for this year.$13.6$13.1$0.58$5.76$5.28$0.47
2022Detailed filing. Detailed filing data is available for this year.$13.3$13.2$0.10$5.33$4.69$0.65
2021Detailed filing. Detailed filing data is available for this year.$12.8$13.3$0.54$4.67$4.61$0.07
2016Detailed filing. Detailed filing data is available for this year.$12.6$12.7$0.14$2.87$3.59$0.72
2015Detailed filing. Detailed filing data is available for this year.$13.2$12.6$0.58$3.59$3.49$0.09
2014Detailed filing. Detailed filing data is available for this year.$13.5$13.0$0.49$3.51$3.56$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.33$0.53$4.34
Peer Organizations

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