Civic Intelligence

Bear River Charter School

990 • Fiscal year 2021 • EIN 26-4312151

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 18, 2022

75 South 400 WestLogan, UT 84321

(435) 753-8811

Siviq Scores

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

Liabilities / Assets

84th percentile

0.50x

Higher debt load relative to assets than 84% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

81st percentile

0.55x

Higher debt load relative to revenue than 81% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

40th percentile

7.1%

Higher net margin than 40% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

70th percentile

$100,772

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$1,848,430

No earlier filing loaded for comparison.

Net Assets

$922,651

No earlier filing loaded for comparison.

Liabilities

$925,779

No earlier filing loaded for comparison.

Revenue

$1,693,516

No earlier filing loaded for comparison.

Expenses

$1,573,066

No earlier filing loaded for comparison.

Net Income

$120,450

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2021: $1,848,430Liabilities 2021: $925,779Net Assets 2021: $922,6512021Assets 2022: $2,012,089Liabilities 2022: $924,036Net Assets 2022: $1,088,0532022Assets 2023: $2,198,370Liabilities 2023: $911,490Net Assets 2023: $1,286,8802023Assets 2024: $2,258,065Liabilities 2024: $890,368Net Assets 2024: $1,367,6972024Assets 2025: $2,362,122Liabilities 2025: $865,066Net Assets 2025: $1,497,0562025

Highlighted filing

2021

Assets$1,848,430
Liabilities$925,779
Net Assets$922,651

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2021: $1,693,516Expenses 2021: $1,573,066Net Income 2021: $120,4502021Revenue 2022: $1,916,475Expenses 2022: $1,751,073Net Income 2022: $165,4022022Revenue 2023: $2,064,780Expenses 2023: $1,865,953Net Income 2023: $198,8272023Revenue 2024: $2,118,636Expenses 2024: $2,037,819Net Income 2024: $80,8172024Revenue 2025: $2,245,245Expenses 2025: $2,115,886Net Income 2025: $129,3592025

Highlighted filing

2021

Revenue$1,693,516
Expenses$1,573,066
Net Income$120,450
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 18, 2022
Return Version
2020v4.2
Gross Receipts
$1,693,516
Mission and Program Overview

Mission

The mission of the bear river charter school (brcs) is to provide an outstanding educational and social experience for elementary and middle school students (k-8).

The mission of the bear river charter school (brcs) is to provide an outstanding educational and social experience for elementary and middle school students (k-8). We aspire to serve a population that is diverse in learning needs, race/ethnicity, and language background. Brcs provides a positive, dynamic social and educational enviroment every day. It features an educational program based on the individual needs of each student through a strong focus on basic skills in reading, spelling, writing and mathematics; active engagement in the areas of science, social studies, art, and physical education; a low student-to-teacher ratio; and emphasis on basic societal values of respect, consideration, cooperation, and honesty.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,089,768$1,200,149▲ $110,381
Savings and Temporary Cash Investments$7,058$255,992▲ $248,934
Cash and Non-Interest-Bearing Accounts$601,750$239,958▼ $361,792
Accounts Receivable$67,439$147,731▲ $80,292
Prepaid Expenses and Deferred Charges-$4,600-
Total Assets$1,766,015$1,848,430▲ $82,415
Liabilities
Mortgage Notes Payable Secured by Investment Property$831,780$827,132▼ $4,648
Accounts Payable and Accrued Expenses$97,038$98,647▲ $1,609
Deferred Revenue$15,000--
Total Liabilities$943,818$925,779▼ $18,039
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$822,197$922,651▲ $100,454
Total Net Assets Fund Balance$822,197$922,651▲ $100,454
Total Liabilities and Net Assets / Fund Balance$1,766,015$1,848,430▲ $82,415

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$733,882$116,291$850,173
Land$376,567-$376,567
Equipment$89,700$114,023$203,723
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Janet AdamsDirectorFT$89,821$10,951$100,772

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,660,275
Program Service Revenue
$31,987
Investment Income
$1,254
Other Revenue
$0
All Other Contributions
$18,865
Change in Net Assets
$120,450

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,693,516
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,693,516
Total Revenue per Form 990
$1,693,516
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,166,356
Other Expenses$406,710
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$835,587--$835,587
Other Employee Benefits$129,683--$129,683
Current Officers, Directors, Trustees, and Key Employees$100,772--$100,772
Payroll Taxes$70,983--$70,983
Fees for Services Other$56,576--$56,576
Interest$44,259--$44,259
Depreciation Depletion$39,492--$39,492
Pension Plan Contributions$29,331--$29,331
Insurance-$19,599-$19,599
All Other Expenses$6,145$7,628-$13,773
Fees for Services Accounting-$10,750-$10,750
Other Expenses$8,814$5,644-$8,814
Travel$3,278--$3,278
Advertising-$1,099-$1,099
Total Functional Expenses$1,528,346$44,720$0$1,573,066

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,573,066
Total Expenses per Audited Statements$1,573,066
Total Expenses per Form 990$1,573,066
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 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

All revenue is derived from related business activities.

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

Reviewed by outside consultant and the board's finance committe 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
Bear River Charter School
EIN
26-4312151
Phone
4357538811
Address
75 SOUTH 400 WEST, LOGAN, UT 84321

Signing Officer

Name
Steven Finley
Title
Business Administrator
Phone
4357538811
Signed
2022-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Finley
Formed
2010
Legal Domicile
Ut
Voting Board Members
8
Independent Board Members
8
Employees
48
Volunteers
36

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 -19,996.

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 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.

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IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt031987
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07058
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0255992
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0733882
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0116291
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0850173
IRS990ScheduleD/EquipmentGrp/BookValueAmt089700
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0114023
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0203723
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01573066
IRS990ScheduleD/LandGrp/BookValueAmt0376567
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0376567
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01693516
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UTAH HOUSE BILL 242 (H.B. 242) WAS PASSED IN 2020 AND REQUIRES UTAH CHARTER SCHOOLS TO REPORT UNDER THE 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/TotalBookValueLandBuildingsAmt01200149
IRS990ScheduleD/TotalExpensesPerForm990Amt01573066
IRS990ScheduleD/TotalRevenuePerForm990Amt01693516
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01693516
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01573066
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 SCHOOLS CHARTER AGREEMENT WITH THE STATE 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
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL REVENUE IS DERIVED FROM RELATED BUSINESS ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED BY OUTSIDE CONSULTANT AND THE BOARD'S FINANCE COMMITTE 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 -19,996.
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:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0UT
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01766015
IRS990/TotalAssetsEOYAmt01848430
IRS990/TotalAssetsGrp/BOYAmt01766015
IRS990/TotalAssetsGrp/EOYAmt01848430
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01660275
IRS990/TotalEmployeeCnt048
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044720
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01528346
IRS990/TotalFunctionalExpensesGrp/TotalAmt01573066
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0943818
IRS990/TotalLiabilitiesEOYAmt0925779
IRS990/TotalLiabilitiesGrp/BOYAmt0943818
IRS990/TotalLiabilitiesGrp/EOYAmt0925779
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0822197
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0922651
IRS990/TotalOtherCompensationAmt010951
IRS990/TotalProgramServiceExpensesAmt01528346
IRS990/TotalProgramServiceRevenueAmt031987
IRS990/TotalReportableCompFromOrgAmt089821
IRS990/TotalRevenueGrp/ExclusionAmt01254
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt031987
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01693516
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt036
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01766015
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01848430
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt03278
IRS990/TravelGrp/TotalAmt03278
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt075 SOUTH 400 WEST
IRS990/USAddress/CityNm0LOGAN
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084321
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.BRCS-LOGAN.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVEN FINLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BUSINESS ADMINISTRATOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04357538811
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-02-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BEAR RIVER CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0BEAR
ReturnHeader/Filer/EIN0264312151
ReturnHeader/Filer/PhoneNum04357538811
ReturnHeader/Filer/USAddress/AddressLine1Txt075 SOUTH 400 WEST
ReturnHeader/Filer/USAddress/CityNm0LOGAN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084321
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EIDE BAILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05929 FASHION POINT DR STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OGDEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0844034684

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