Civic Intelligence

Utah Connections Academy a Utah

990 • Fiscal year 2016 • EIN 27-3842130

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 06, 2017

Refreshing map…

687 W 700 S Ste EWoods Cross, UT 84087

(801) 298-6670

Siviq Scores

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

Liabilities / Assets

84th percentile

0.74x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

59th percentile

0.27x

Higher debt load relative to revenue than 59% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

69th percentile

9.2%

Higher net margin than 69% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

93rd percentile

54%

Faster asset growth than 93% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

78th percentile

18%

Faster revenue growth than 78% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$2,311,475

Up $809,540 (+54%) from 2015

Net Assets

Up

$592,629

Up $582,192 (+5578%) from 2015

Liabilities

Up

$1,718,846

Up $227,348 (+15%) from 2015

Revenue

Up

$6,304,847

Up $982,543 (+18%) from 2015

Expenses

Up

$5,722,655

Up $400,634 (+7.5%) from 2015

Net Income

Up

$582,192

Up $581,909 (+205622%) from 2015

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2013: $884,661Liabilities 2013: $862,663Net Assets 2013: $21,9982013Assets 2014: $1,462,781Liabilities 2014: $1,452,627Net Assets 2014: $10,1542014Assets 2015: $1,501,935Liabilities 2015: $1,491,498Net Assets 2015: $10,4372015Assets 2016: $2,311,475Liabilities 2016: $1,718,846Net Assets 2016: $592,6292016Assets 2017: $2,214,529Liabilities 2017: $2,154,194Net Assets 2017: $60,3352017Assets 2018: $4,259,826Liabilities 2018: $3,335,592Net Assets 2018: $924,2342018Assets 2019: $3,849,787Liabilities 2019: $1,374,690Net Assets 2019: $2,475,0972019Assets 2020: $7,732,218Liabilities 2020: $4,153,996Net Assets 2020: $3,578,2222020Assets 2021: $5,912,187Liabilities 2021: $1,043,604Net Assets 2021: $4,868,5832021

Highlighted filing

2016

Assets$2,311,475
Liabilities$1,718,846
Net Assets$592,629

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2013: $2,950,8882013Revenue 2014: $4,448,852Expenses 2014: $4,460,696Net Income 2014: -$11,8442014Revenue 2015: $5,322,304Expenses 2015: $5,322,021Net Income 2015: $2832015Revenue 2016: $6,304,847Expenses 2016: $5,722,655Net Income 2016: $582,1922016Revenue 2017: $6,526,505Expenses 2017: $7,058,799Net Income 2017: -$532,2942017Revenue 2018: $8,246,178Expenses 2018: $7,382,279Net Income 2018: $863,8992018Revenue 2019: $9,297,490Expenses 2019: $7,746,627Net Income 2019: $1,550,8632019Revenue 2020: $8,513,238Expenses 2020: $7,410,113Net Income 2020: $1,103,1252020Revenue 2021: $10,495,765Expenses 2021: $9,394,017Net Income 2021: $1,101,7482021

Highlighted filing

2016

Revenue$6,304,847
Expenses$5,722,655
Net Income$582,192
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 6, 2017
Return Version
2015v3.0
Gross Receipts
$6,304,847
Mission and Program Overview

Mission

To maximize academic achievement for students in grades k-12 throughout the state of utah who need an alternative to the traditional classroom.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,309,765$2,165,681▲ $855,916
Accounts Receivable$109,935$78,654▼ $31,281
Land, Buildings, and Equipment, Net$75,501$60,179▼ $15,322
Prepaid Expenses and Deferred Charges$6,734$6,961▲ $227
Total Assets$1,501,935$2,311,475▲ $809,540
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,401,883$1,583,815▲ $181,932
Accounts Payable and Accrued Expenses$87,126$118,820▲ $31,694
Deferred Revenue$2,489$16,211▲ $13,722
Total Liabilities$1,491,498$1,718,846▲ $227,348
Net Assets / Fund Balance
Unrestricted Net Assets$10,437$592,629▲ $582,192
Total Net Assets Fund Balance$10,437$592,629▲ $582,192
Total Liabilities and Net Assets / Fund Balance$1,501,935$2,311,475▲ $809,540

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$37,355$42,750$80,105
Leasehold Improvements$22,824$10,588$33,412
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stephanie KinneyBoard President
Gretchen BrownBoard Member
Kaydee PhillipsBoard Member
Debbie DyeBoard Secretary
Megan EllisBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,304,847
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$8,157
Change in Net Assets
$582,192

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,304,847
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,304,847
Total Revenue per Form 990
$6,304,847
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,068,097
Salaries, Compensation, and Employee Benefits$1,654,558
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,293,965--$1,293,965
Information Technology$843,757--$843,757
Fees for Services Management$50,160$566,750-$616,910
Other Employee Benefits$244,136--$244,136
Fees for Services Other$7,864$146,298-$154,162
Payroll Taxes$116,457--$116,457
Occupancy$57,323--$57,323
Advertising-$50,000-$50,000
Other Expenses$49,734--$49,734
Fees for Services Accounting-$41,210-$41,210
Conferences and Meetings$30,674--$30,674
Office Expenses$26,500$1,867-$28,367
Depreciation Depletion$16,647--$16,647
Fees for Services Legal-$1,329-$1,329
Insurance-$1,312-$1,312
Total Functional Expenses$4,913,889$808,766$0$5,722,655

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,722,655
Total Expenses per Audited Statements$5,722,655
Total Expenses per Form 990$5,722,655
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
No
Other officer compensation reviewed
No
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

The organization delegates control over management duties to connections education, which helps perform management tasks. The employees are compensated by the management company.

Form 990, Part VI, Section B, Line 11

The board will review the tax return prior to filing to verify that the information presented on the tax return is accurate and correct prior to filing the tax return.

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

If a conflict of interest arises, the following board meeting, the issue is addressed to the board of directors. The board will analyze the issue to determine if further actions need to be taken to resolve the issue. Annually, all board members must sign a conflict of interest statement and review the policy.

Form 990, Part VI, Section C, Line 19

All documents are made available upon request. The tax return can be found on guide star's website, as well.

Filing and Contact Details

Filer

Filer Name
Utah Connections Academy
EIN
27-3842130
Phone
8012986670
Address
687 W 700 S STE E, WOODS CROSS, UT 84087

Signing Officer

Name
Stephanie Kinney
Title
Board President
Phone
8012986670
Signed
2017-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Kinney
Formed
2008
Legal Domicile
Ut
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

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

Additional Explanations

FORM 990, PAGE 12, LINE 2C:

The finance committee oversees the audit and addresses any questions or issues that may arise.

Financial Statement Notes

PART X, LINE 2:

The academy 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)(ii), and has been determined not to be a private foundation under sections 509(a)(1). The academy is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, the academy is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. The academy 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 academy 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 academy 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.

Raw XML Appendix368 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.

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IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt037355
IRS990ScheduleD/EquipmentGrp/DepreciationAmt042750
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt080105
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05722655
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt022824
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt010588
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt033412
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06304847
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY 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)(II), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTIONS 509(A)(1). THE ACADEMY IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ACADEMY IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. THE ACADEMY 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 ACADEMY 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 ACADEMY 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/TotalBookValueLandBuildingsAmt060179
IRS990ScheduleD/TotalExpensesPerForm990Amt05722655
IRS990ScheduleD/TotalRevenuePerForm990Amt06304847
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06304847
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05722655
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATES CONTROL OVER MANAGEMENT DUTIES TO CONNECTIONS EDUCATION, WHICH HELPS PERFORM MANAGEMENT TASKS. THE EMPLOYEES ARE COMPENSATED BY THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD WILL REVIEW THE TAX RETURN PRIOR TO FILING TO VERIFY THAT THE INFORMATION PRESENTED ON THE TAX RETURN IS ACCURATE AND CORRECT PRIOR TO FILING THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IF A CONFLICT OF INTEREST ARISES, THE FOLLOWING BOARD MEETING, THE ISSUE IS ADDRESSED TO THE BOARD OF DIRECTORS. THE BOARD WILL ANALYZE THE ISSUE TO DETERMINE IF FURTHER ACTIONS NEED TO BE TAKEN TO RESOLVE THE ISSUE. ANNUALLY, ALL BOARD MEMBERS MUST SIGN A CONFLICT OF INTEREST STATEMENT AND REVIEW THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. THE TAX RETURN CAN BE FOUND ON GUIDE STAR'S WEBSITE, AS WELL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FINANCE COMMITTEE OVERSEES THE AUDIT AND ADDRESSES ANY QUESTIONS OR ISSUES THAT MAY ARISE.
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 12, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0UT
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01501935
IRS990/TotalAssetsEOYAmt02311475
IRS990/TotalAssetsGrp/BOYAmt01501935
IRS990/TotalAssetsGrp/EOYAmt02311475
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06304847
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0808766
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04913889
IRS990/TotalFunctionalExpensesGrp/TotalAmt05722655
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01491498
IRS990/TotalLiabilitiesEOYAmt01718846
IRS990/TotalLiabilitiesGrp/BOYAmt01491498
IRS990/TotalLiabilitiesGrp/EOYAmt01718846
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010437
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0592629
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt04913889
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06304847
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01501935
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02311475
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt010437
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0592629
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0687 W 700 S STE E
IRS990/USAddress/CityNm0WOODS CROSS
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084087
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.CONNECTIONSACADEMY.COM/UTAH-SCHOOL/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHANIE KINNEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08012986670
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UTAH CONNECTIONS ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0UTAH
ReturnHeader/Filer/EIN0273842130
ReturnHeader/Filer/PhoneNum08012986670
ReturnHeader/Filer/USAddress/AddressLine1Txt0687 W 700 S STE E
ReturnHeader/Filer/USAddress/CityNm0WOODS CROSS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084087
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EIDE BAILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05929 S FASHION POINTE DR STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OGDEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084403
ReturnHeader/PreparerPersonGrp/PhoneNum08016211575
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ERIC C JOHNSON CPA
ReturnHeader/ReturnTs02017-02-10T16:48:42-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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