Civic Intelligence

Elizabeth Academy

990 • Fiscal year 2014 • EIN 26-1172983

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 15, 2015

Organization ProfileWWW.ELIZABETHACADEMY.COM
2870 South Connor StreetSalt Lake City, UT 84109

(801) 281-4848

Siviq Scores

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

Liabilities / Assets

41st percentile

0.16x

Higher debt load relative to assets than 41% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

65th percentile

0.47x

Higher debt load relative to revenue than 65% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

92nd percentile

55%

Higher net margin than 92% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

12th percentile

$600

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

49th percentile

3.1%

Faster asset growth than 49% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

62nd percentile

8.7%

Faster revenue growth than 62% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$16,038,364

Up $479,030 (+3.1%) from 2013

Net Assets

Up

$13,491,267

Up $2,985,377 (+28%) from 2013

Liabilities

Down

$2,547,097

Down $2,506,347 (-50%) from 2013

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin92nd percentile

Revenue

Up

$5,448,055

Up $436,850 (+8.7%) from 2013

Expenses

Up

$2,462,678

Up $792,922 (+47%) from 2013

Net Income

Down

$2,985,377

Down $356,072 (-11%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$40M$30M$20M$10M$0Assets 2010: $3,350,359Liabilities 2010: $0Net Assets 2010: $3,350,3592010Assets 2011: $4,424,102Liabilities 2011: $0Net Assets 2011: $4,424,1022011Assets 2012: $7,168,680Liabilities 2012: $4,239Net Assets 2012: $7,164,4412012Assets 2013: $15,559,334Liabilities 2013: $5,053,444Net Assets 2013: $10,505,8902013Assets 2014: $16,038,364Liabilities 2014: $2,547,097Net Assets 2014: $13,491,2672014Assets 2015: $15,701,005Liabilities 2015: $70,079Net Assets 2015: $15,630,9262015Assets 2016: $14,890,525Liabilities 2016: $63,050Net Assets 2016: $14,827,4752016Assets 2017: $14,091,814Liabilities 2017: $75,969Net Assets 2017: $14,015,8452017Assets 2018: $34,199,339Liabilities 2018: $12,921,874Net Assets 2018: $21,277,4652018Assets 2019: $33,760,092Liabilities 2019: $9,876,869Net Assets 2019: $23,883,2232019Assets 2020: $32,558,532Liabilities 2020: $8,178,990Net Assets 2020: $24,379,5422020Assets 2021: $22,998,155Liabilities 2021: $115,494Net Assets 2021: $22,882,6612021Assets 2022: $22,897,525Liabilities 2022: $104,033Net Assets 2022: $22,793,4922022

Highlighted filing

2014

Assets$16,038,364
Liabilities$2,547,097
Net Assets$13,491,267
Open 2014 Filing

Operations Trend

Revenue Growth62nd percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $681,3552010Expenses 2011: $939,5372011Expenses 2012: $1,291,1782012Revenue 2013: $5,011,205Expenses 2013: $1,669,756Net Income 2013: $3,341,4492013Revenue 2014: $5,448,055Expenses 2014: $2,462,678Net Income 2014: $2,985,3772014Revenue 2015: $4,831,191Expenses 2015: $2,691,532Net Income 2015: $2,139,6592015Revenue 2016: $2,133,315Expenses 2016: $2,936,766Net Income 2016: -$803,4512016Revenue 2017: $2,755,131Expenses 2017: $3,566,761Net Income 2017: -$811,6302017Revenue 2018: $6,567,304Expenses 2018: $4,218,331Net Income 2018: $2,348,9732018Revenue 2019: $7,527,233Expenses 2019: $4,921,475Net Income 2019: $2,605,7582019Revenue 2020: $5,892,482Expenses 2020: $5,396,163Net Income 2020: $496,3192020Revenue 2021: $5,537,962Expenses 2021: $7,027,730Net Income 2021: -$1,489,7682021Revenue 2022: $7,318,991Expenses 2022: $7,408,160Net Income 2022: -$89,1692022

Highlighted filing

2014

Revenue$5,448,055
Expenses$2,462,678
Net Income$2,985,377
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 15, 2015
Return Version
2014v5.0
Gross Receipts
$5,449,359
Mission and Program Overview

Mission

Elizabeth academy is committed to providing an authentic and nationally accredited montessori education that emphasizes cooperative learning and nourishes young minds and spirits. We believe that on the child rests the future of humanity; so we must love, value and respect the children and every child. All children are uniquie and we will diligently strive to meet them at their individual need, realizing that this benefits the whole. We will focus on all strengths, overcome weakness and imagine possibilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,728,604$14,723,002▲ $1,994,398
Loans From Officers Directors$5,000,000$2,500,000▼ $2,500,000
Savings and Temporary Cash Investments$2,564,242$1,212,599▼ $1,351,643
Pledges and Grants Receivable$25,492$59,769▲ $34,277
Prepaid Expenses and Deferred Charges$4,853$24,560▲ $19,707
Total Assets$15,559,334$16,038,364▲ $479,030
Other Assets Total$236,143$18,434▼ $217,709
Liabilities
Accounts Payable and Accrued Expenses$43,844$45,297▲ $1,453
Other Liabilities$9,600$1,800▼ $7,800
Total Liabilities$5,053,444$2,547,097▼ $2,506,347
Net Assets / Fund Balance
Unrestricted Net Assets$10,505,890$13,491,267▲ $2,985,377
Total Net Assets Fund Balance$10,505,890$13,491,267▲ $2,985,377
Total Liabilities and Net Assets / Fund Balance$15,559,334$16,038,364▲ $479,030

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,976,549$588,196$12,564,745
Land$2,046,222-$2,046,222
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Gail WilliamsenTrusteeFT$600$600
Brianna SonkensTrustee-$600$600
Kim McreynoldsTrustee-$600$600
Thom WilliamsenTrustee-$600$600

Highest Paid Contractors

ContractorServicesLocationCompensation
Paragon BuildersBuild Contract8731 SOUTH SANDY PARKWAY, Sandy, UT 84070$943,731
Hogan & AssociatesBuild Contract940 NORTH 1250 WEST, Centerville, UT 84014$678,078
Vcbo ArchitectureArchitects524 SOUTH 600 EAST, Salt Lake City, UT 84102$127,686
Revenue and Support

Revenue Composition

Contributions and Grants
$4,537,245
Program Service Revenue
$902,949
Investment Income
$3,806
Other Revenue
$4,055
All Other Contributions
$4,537,245
Change in Net Assets
$2,985,377
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,355,126
Salaries, Compensation, and Employee Benefits$1,107,552
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$724,067$267,289-$991,356
Depreciation Depletion$677,580--$677,580
Fees for Services Other$173,961$23,986-$197,947
Occupancy$58,079$78,303-$136,382
Payroll Taxes$53,278$17,759-$71,037
Conferences and Meetings$61,674--$61,674
Interest$29,575$29,575-$59,150
Other Employee Benefits$36,427$6,332-$42,759
Office Expenses$18,122$19,553-$37,675
Fees for Services Legal$16,768$16,769-$33,537
Other Expenses$33,250--$33,250
Information Technology$14,471$12,975-$27,446
Fees for Services Accounting$12,384$9,190-$21,574
Insurance-$21,011-$21,011
Advertising$10,554$1,173-$11,727
Current Officers, Directors, Trustees, and Key Employees-$2,400-$2,400
Total Functional Expenses$1,956,363$506,315$0$2,462,678
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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$5,000,000$2,500,000▼ $2,500,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Commitment Fees$1,800
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Gail williamsen thom williamsen trustee trustee spouse”

Form 990, Page 6, Part VI, Line 7A

“Board members and trusttess may elect more members”

Form 990, Page 6, Part VI, Line 7B

“YES”

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

“Signing trustee reviews form 990 before it is filed”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Elizabeth Academy
EIN
26-1172983
Phone
8012814848
Address
2870 SOUTH CONNOR STREET, SALT LAKE CITY, UT 84109

Signing Officer

Name
Gail Williamsen
Title
Trustee
Phone
8012814848
Signed
2015-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gail Williamsen
Formed
2007
Legal Domicile
Ut
Voting Board Members
4
Independent Board Members
1
Employees
45
Volunteers
10

Preparer

Firm
Mantyla Mcreynolds LLC
Address
178 S RIO GRANDE ST STE 200, SALT LAKE CITY, UT 84101
Preparer
Kim Mcreynolds CPA
Phone
8012691818
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Elizabeth academy is committed to providing an authentic and nationally accredited montessori education that emphasizes cooperative learning and nourishes young minds and spirits. We believe that on the child rests the future of humanity; so we must love, value and respect the children and every child. All children are uniquie and we will diligently strive to meet them at their individual need, realizing that this benefits the whole. We will focus on all strengths, overcome weakness and imagine possibilities.”

Form 990, Page 2, Part III, Line 4A

“Our vision is to bring an inclusive model of education with an integrated arts focus to children throughout utah and hopefully (ultimately) the united states. We dream big. Our children, our future, depend on it.”

Raw XML Appendix390 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt043844
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt045297
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ELIZABETH ACADEMY IS COMMITTED TO PROVIDING AN AUTHENTIC AND NATIONALLY ACCREDITED MONTESSORI EDUCATION THAT EMPHASIZES COOPERATIVE LEARNING AND NOURISHES YOUNG MINDS AND SPIRITS. WE BELIEVE THAT ON THE CHILD RESTS THE FUTURE OF HUMANITY; SO WE MUST LOVE, VALUE AND RESPECT THE CHILDREN AND EVERY CHILD. ALL CHILDREN ARE UNIQUIE AND WE WILL DILIGENTLY STRIVE TO MEET THEM AT THEIR INDIVIDUAL NEED, REALIZING THAT THIS BENEFITS THE WHOLE. WE WILL FOCUS ON ALL STRENGTHS, OVERCOME WEAKNESS AND IMAGINE POSSIBILITIES.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt01173
IRS990/AdvertisingGrp/ProgramServicesAmt010554
IRS990/AdvertisingGrp/TotalAmt011727
IRS990/AllOtherContributionsAmt04537245
IRS990/BooksInCareOfDetail/PersonNm0KARYN CUNLIFFE
IRS990/BooksInCareOfDetail/PhoneNum08012814848
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02870 SOUTH CONNOR STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0SALT LAKE CITY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0UT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd084109
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt02400
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt02400
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt061674
IRS990/ConferencesMeetingsGrp/TotalAmt061674
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0943731
IRS990/ContractorCompensationGrp/CompensationAmt1678078
IRS990/ContractorCompensationGrp/CompensationAmt2127686
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt08731 SOUTH SANDY PARKWAY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1940 NORTH 1250 WEST
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2524 SOUTH 600 EAST
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0SANDY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1CENTERVILLE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2SALT LAKE CITY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0UT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1UT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2UT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd084070
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd184014
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd284102
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0PARAGON BUILDERS
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1HOGAN & ASSOCIATES
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2VCBO ARCHITECTURE
IRS990/ContractorCompensationGrp/ServicesDesc0BUILD CONTRACT
IRS990/ContractorCompensationGrp/ServicesDesc1BUILD CONTRACT
IRS990/ContractorCompensationGrp/ServicesDesc2ARCHITECTS
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt04537245
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03806
IRS990/CYOtherExpensesAmt01355126
IRS990/CYOtherRevenueAmt04055
IRS990/CYProgramServiceRevenueAmt0902949
IRS990/CYRevenuesLessExpensesAmt02985377
IRS990/CYSalariesCompEmpBnftPaidAmt01107552
IRS990/CYTotalExpensesAmt02462678
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05448055
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0677580
IRS990/DepreciationDepletionGrp/TotalAmt0677580
IRS990/Desc0ELIZABETH ACADEMY IS AN INCLUSIVE PRIVATE NON-PROFIT MONTESSORI SCHOOL DESIGNED TO HELP DIVERSE LEARNERS FROM 18 MONTHS TO 14 YEARS OF AGE REACH THEIR HIGHEST POTENTIAL. OUR PURPOSE INCLUDES GUIDING YOUNG PEOPLE IN DEVELOPING THE SKILLS TO BE SUCCESSFUL IN LIFE: INITIATIVE, CONCENTRATION, CRITICAL THINKING, PROBLEM- SOLVING, TEAMWORK, RESPECT, RESPONSIBILITY, EMPATHY, AND THE DESIRE TO "GIVE BACK" THROUGH SERVICE. OUR STUDENTS ARE ENCOURAGED TO ASK QUESTIONS, LEARN HOW TO FIND ANSWERS, AND PROCESS INFORMATION FOR REAL UNDERSTANDING. CHILDREN WITH SPECIAL NEEDS ARE INCLUDED IN OUR CLASSROOMS WITH TYPICAL AND GIFTED CHILDREN IN A WAY THAT IS REFLECTIVE OF THE POPULATION AT LARGE (15%). OUR VISION IS TO BRING AN INCLUSIVE MODEL OF EDUCATION WITH AN INTEGRATED ARTS FOCUS TO CHILDREN THROUGHOUT UTAH AND HOPEFULLY (ULTIMATELY) THE UNITED STATES. WE DREAM BIG. OUR CHILDREN, OUR FUTURE, DEPEND ON IT.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt045
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01956363
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09190
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt012384
IRS990/FeesForServicesAccountingGrp/TotalAmt021574
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt016769
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt016768
IRS990/FeesForServicesLegalGrp/TotalAmt033537
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt023986
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0173961
IRS990/FeesForServicesOtherGrp/TotalAmt0197947
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0GAIL WILLIAMSEN
IRS990/Form990PartVIISectionAGrp/PersonNm1THOM WILLIAMSEN
IRS990/Form990PartVIISectionAGrp/PersonNm2BRIANNA SONKENS
IRS990/Form990PartVIISectionAGrp/PersonNm3KIM MCREYNOLDS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt03806
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt05110
IRS990/GrossReceiptsAmt05449359
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt012975
IRS990/InformationTechnologyGrp/ProgramServicesAmt014471
IRS990/InformationTechnologyGrp/TotalAmt027446
IRS990/InsuranceGrp/ManagementAndGeneralAmt021011
IRS990/InsuranceGrp/TotalAmt021011
IRS990/InterestGrp/ManagementAndGeneralAmt029575
IRS990/InterestGrp/ProgramServicesAmt029575
IRS990/InterestGrp/TotalAmt059150
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01107639
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012728604
IRS990/LandBldgEquipBasisNetGrp/EOYAmt014723002
IRS990/LandBldgEquipCostOrOtherBssAmt015830641
IRS990/LegalDomicileStateCd0UT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01304
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt05000000
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt02500000
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ELIZABETH ACADEMY IS COMMITTED TO PROVIDING AN AUTHENTIC AND NATIONALLY ACCREDITED MONTESSORI EDUCATION THAT EMPHASIZES COOPERATIVE LEARNING AND NOURISHES YOUNG MINDS AND SPIRITS. WE BELIEVE THAT ON THE CHILD RESTS THE FUTURE OF HUMANITY; SO WE MUST LOVE, VALUE AND RESPECT THE CHILDREN AND EVERY CHILD. ALL CHILDREN ARE UNIQUIE AND WE WILL DILIGENTLY STRIVE TO MEET THEM AT THEIR INDIVIDUAL NEED, REALIZING THAT THIS BENEFITS THE WHOLE. WE WILL FOCUS ON ALL STRENGTHS, OVERCOME WEAKNESS AND IMAGINE POSSIBILITIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt010505890
IRS990/NetAssetsOrFundBalancesEOYAmt013491267
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt03806
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt03806
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt078303
IRS990/OccupancyGrp/ProgramServicesAmt058079
IRS990/OccupancyGrp/TotalAmt0136382
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt019553
IRS990/OfficeExpensesGrp/ProgramServicesAmt018122
IRS990/OfficeExpensesGrp/TotalAmt037675
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0236143
IRS990/OtherAssetsTotalGrp/EOYAmt018434
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06332
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt036427
IRS990/OtherEmployeeBenefitsGrp/TotalAmt042759
IRS990/OtherExpensesGrp/Desc0SCHOOL WIDE EXPENSES
IRS990/OtherExpensesGrp/Desc1CLASSROOM EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt036173
IRS990/OtherExpensesGrp/ProgramServicesAmt133250
IRS990/OtherExpensesGrp/TotalAmt036173
IRS990/OtherExpensesGrp/TotalAmt133250
IRS990/OtherLiabilitiesGrp/BOYAmt09600
IRS990/OtherLiabilitiesGrp/EOYAmt01800
IRS990/OtherRevenueMiscGrp/Desc0YEARBOOK & SPIRIT ITEMS
IRS990/OtherRevenueMiscGrp/Desc1MISCELANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03916
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1139
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03916
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1139
IRS990/OtherRevenueTotalAmt04055
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0267289
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0724067
IRS990/OtherSalariesAndWagesGrp/TotalAmt0991356
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt017759
IRS990/PayrollTaxesGrp/ProgramServicesAmt053278
IRS990/PayrollTaxesGrp/TotalAmt071037
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt025492
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt059769
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04853
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024560
IRS990/PrincipalOfficerNm0GAIL WILLIAMSEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION & SUPPLY INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0822524
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt180425
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0822524
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt180425
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt04877971
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-357849
IRS990/PYOtherExpensesAmt0955575
IRS990/PYProgramServiceRevenueAmt0491083
IRS990/PYRevenuesLessExpensesAmt03341449
IRS990/PYSalariesCompEmpBnftPaidAmt0714181
IRS990/PYTotalExpensesAmt01669756
IRS990/PYTotalRevenueAmt05011205
IRS990/ReconcilationRevenueExpnssAmt02985377
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0902949
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02564242
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01212599
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt011976549
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0588196
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012564745
IRS990ScheduleD/LandGrp/BookValueAmt02046222
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02046222
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REFUNDABLE COMMITMENT FEES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014022771
IRS990ScheduleD/TotalLiabilityAmt01800
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ELIZABETH ACADEMY ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN TO ALL THE RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL AND ETNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSION POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, AND ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. THIS NOTICE IS PUBLISHED ANNUALLY IN BOTH STATEWIDE NEWSPAPERS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt02500000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0SORENSON LEGACY FOUNDATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0BUILDING CONSTRUCTION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt05000000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0TRUSTEES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt02500000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ELIZABETH ACADEMY IS COMMITTED TO PROVIDING AN AUTHENTIC AND NATIONALLY ACCREDITED MONTESSORI EDUCATION THAT EMPHASIZES COOPERATIVE LEARNING AND NOURISHES YOUNG MINDS AND SPIRITS. WE BELIEVE THAT ON THE CHILD RESTS THE FUTURE OF HUMANITY; SO WE MUST LOVE, VALUE AND RESPECT THE CHILDREN AND EVERY CHILD. ALL CHILDREN ARE UNIQUIE AND WE WILL DILIGENTLY STRIVE TO MEET THEM AT THEIR INDIVIDUAL NEED, REALIZING THAT THIS BENEFITS THE WHOLE. WE WILL FOCUS ON ALL STRENGTHS, OVERCOME WEAKNESS AND IMAGINE POSSIBILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OUR VISION IS TO BRING AN INCLUSIVE MODEL OF EDUCATION WITH AN INTEGRATED ARTS FOCUS TO CHILDREN THROUGHOUT UTAH AND HOPEFULLY (ULTIMATELY) THE UNITED STATES. WE DREAM BIG. OUR CHILDREN, OUR FUTURE, DEPEND ON IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GAIL WILLIAMSEN THOM WILLIAMSEN TRUSTEE TRUSTEE SPOUSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS AND TRUSTTESS MAY ELECT MORE MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SIGNING TRUSTEE REVIEWS FORM 990 BEFORE IT IS FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt015559334
IRS990/TotalAssetsEOYAmt016038364
IRS990/TotalAssetsGrp/BOYAmt015559334
IRS990/TotalAssetsGrp/EOYAmt016038364
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04537245
IRS990/TotalEmployeeCnt045
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0506315
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01956363
IRS990/TotalFunctionalExpensesGrp/TotalAmt02462678
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05053444
IRS990/TotalLiabilitiesEOYAmt02547097
IRS990/TotalLiabilitiesGrp/BOYAmt05053444
IRS990/TotalLiabilitiesGrp/EOYAmt02547097
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010505890
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013491267
IRS990/TotalProgramServiceExpensesAmt01956363
IRS990/TotalProgramServiceRevenueAmt0902949
IRS990/TotalReportableCompFromOrgAmt02400
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0910810
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05448055
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015559334
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016038364
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt010505890
IRS990/UnrestrictedNetAssetsGrp/EOYAmt013491267
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02870 SOUTH CONNOR STREET
IRS990/USAddress/CityNm0SALT LAKE CITY
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084109
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0HTTP://WWW.ELIZABETHACADEMY.COM/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GAIL WILLIAMSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum08012814848
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-06-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ELIZABETH ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0ELIZ
ReturnHeader/Filer/EIN0261172983
ReturnHeader/Filer/PhoneNum08012814848
ReturnHeader/Filer/USAddress/AddressLine1Txt02870 SOUTH CONNOR STREET
ReturnHeader/Filer/USAddress/CityNm0SALT LAKE CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084109
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0800021232
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MANTYLA MCREYNOLDS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0178 S RIO GRANDE ST STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALT LAKE CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084101
ReturnHeader/PreparerPersonGrp/PhoneNum08012691818
ReturnHeader/PreparerPersonGrp/PreparationDt02015-06-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIM MCREYNOLDS CPA
ReturnHeader/ReturnTs02015-08-17T09:29:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,038,364
Liabilities
$2,547,097
Net assets
$13,491,267
Revenue
$5,448,055
Expenses
$2,462,678
Net income
$2,985,377
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.9$0.10$22.8$7.32$7.41$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.0$0.12$22.9$5.54$7.03$1.49
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.6$8.18$24.4$5.89$5.40$0.50
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.8$9.88$23.9$7.53$4.92$2.61
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.2$12.9$21.3$6.57$4.22$2.35
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.1$0.08$14.0$2.76$3.57$0.81
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.9$0.06$14.8$2.13$2.94$0.80
2015Detailed filing. Detailed filing data is available for this year.$15.7$0.07$15.6$4.83$2.69$2.14
2014Detailed filing. Detailed filing data is available for this year.$16.0$2.55$13.5$5.45$2.46$2.99
2013Detailed filing. Detailed filing data is available for this year.$15.6$5.05$10.5$5.01$1.67$3.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.17$0.00$7.16$1.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.42$0.00$4.42$0.94
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.35$0.00$3.35$0.68