Civic Intelligence

Fast Foward Charter High School Inc.

990 • Fiscal year 2015 • EIN 30-0152192

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 29, 2016

875 West 1400 NorthLogan, UT 84321

(435) 713-4255

Siviq Scores

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

Liabilities / Assets

87th percentile

0.80x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

88th percentile

1.57x

Higher debt load relative to revenue than 88% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

25th percentile

-6.4%

Higher net margin than 25% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

56th percentile

$73,943

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

25th percentile

-4.2%

Faster asset growth than 25% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

20th percentile

-13%

Faster revenue growth than 20% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$3,600,829

Down $159,304 (-4.2%) from 2014

Net Assets

Down

$703,656

Down $117,665 (-14%) from 2014

Liabilities

Down

$2,897,173

Down $41,639 (-1.4%) from 2014

Revenue

Down

$1,849,251

Down $265,298 (-13%) from 2014

Expenses

Up

$1,966,916

Up $86,499 (+4.6%) from 2014

Net Income

Down

-$117,665

Down $351,797 (-150%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $3,684,724Liabilities 2011: $3,229,349Net Assets 2011: $455,3752011Assets 2012: $3,677,585Liabilities 2012: $3,188,147Net Assets 2012: $489,4382012Assets 2013: $3,717,857Liabilities 2013: $3,130,668Net Assets 2013: $587,1892013Assets 2014: $3,760,133Liabilities 2014: $2,938,812Net Assets 2014: $821,3212014Assets 2015: $3,600,829Liabilities 2015: $2,897,173Net Assets 2015: $703,6562015Assets 2016: $3,184,991Liabilities 2016: $2,648,953Net Assets 2016: $536,0382016Assets 2017: $3,051,004Liabilities 2017: $2,570,313Net Assets 2017: $480,6912017Assets 2018: $2,836,872Liabilities 2018: $2,524,639Net Assets 2018: $312,2332018Assets 2019: $2,721,450Liabilities 2019: $2,444,655Net Assets 2019: $276,7952019Assets 2020: $2,902,521Liabilities 2020: $2,415,977Net Assets 2020: $486,5442020Assets 2021: $2,830,166Liabilities 2021: $2,983,801Net Assets 2021: -$153,6352021Assets 2022: $3,487,625Liabilities 2022: $2,840,279Net Assets 2022: $647,3462022Assets 2025: $5,904,114Liabilities 2025: $2,751,448Net Assets 2025: $3,152,6662025

Highlighted filing

2015

Assets$3,600,829
Liabilities$2,897,173
Net Assets$703,656

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,645,3102011Expenses 2012: $1,728,8572012Expenses 2013: $1,787,1992013Revenue 2014: $2,114,549Expenses 2014: $1,880,417Net Income 2014: $234,1322014Revenue 2015: $1,849,251Expenses 2015: $1,966,916Net Income 2015: -$117,6652015Revenue 2016: $1,950,738Expenses 2016: $1,986,698Net Income 2016: -$35,9602016Revenue 2017: $2,013,737Expenses 2017: $2,069,084Net Income 2017: -$55,3472017Revenue 2018: $2,225,490Expenses 2018: $2,393,948Net Income 2018: -$168,4582018Revenue 2019: $2,345,511Expenses 2019: $2,380,949Net Income 2019: -$35,4382019Revenue 2020: $2,667,571Expenses 2020: $2,457,822Net Income 2020: $209,7492020Revenue 2021: $2,704,870Expenses 2021: $2,561,073Net Income 2021: $143,7972021Revenue 2022: $3,429,443Expenses 2022: $2,628,462Net Income 2022: $800,9812022Revenue 2025: $6,233,519Expenses 2025: $5,493,667Net Income 2025: $739,8522025

Highlighted filing

2015

Revenue$1,849,251
Expenses$1,966,916
Net Income-$117,665
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 29, 2016
Return Version
2014v6.0
Gross Receipts
$1,849,251
Mission and Program Overview

Mission

To manage, operate, guide, direct, and promote a public charter school funded by local, state, and federal sources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,680,134$2,634,878▼ $45,256
Cash and Non-Interest-Bearing Accounts$580,889$513,231▼ $67,658
Investments in Publicly Traded Securities$299,013$311,018▲ $12,005
Prepaid Expenses and Deferred Charges$3,175$4,399▲ $1,224
Pledges and Grants Receivable$4,309$2,316▼ $1,993
Accounts Receivable$53,530$1,844▼ $51,686
Total Assets$3,760,133$3,600,829▼ $159,304
Other Assets Total$139,083$133,143▼ $5,940
Liabilities
Tax Exempt Bond Liabilities$2,717,000$2,665,700▼ $51,300
Accounts Payable and Accrued Expenses$221,383$223,209▲ $1,826
Mortgage Notes Payable Secured by Investment Property$429$8,264▲ $7,835
Total Liabilities$2,938,812$2,897,173▼ $41,639
Net Assets / Fund Balance
Unrestricted Net Assets$821,321$703,656▼ $117,665
Total Net Assets Fund Balance$821,321$703,656▼ $117,665
Total Liabilities and Net Assets / Fund Balance$3,760,133$3,600,829▼ $159,304

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,351,468$1,012,318$3,363,786
Land$283,410-$283,410
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephanie SorensonPrincipalFT$58,409$15,534$73,943
Eric LindseyDirectorPT$46,878$13,901$60,779

Board Members and Trustees

NameTitle
Erin BrewerBoard Member
Lynn HobbsBoard Member
Stacey HarkerBoard Member
Rich WestBoard Presid
Revenue and Support

Revenue Composition

Contributions and Grants
$1,820,682
Program Service Revenue
$27,372
Investment Income
$1,197
Other Revenue
$0
All Other Contributions
$2,387
Change in Net Assets
$-117,665

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,849,251
Total Revenue per Audited Statements
$1,849,251
Total Revenue per Form 990
$1,849,251
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,414,521
Other Expenses$552,395
Total Fundraising Expense$3,298
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$794,707$136,942$2,485$934,134
Pension Plan Contributions$155,504$21,011-$176,515
Interest$151,874$23,966$305$176,145
Other Employee Benefits$117,867$8,815$206$126,888
Current Officers, Directors, Trustees, and Key Employees$105,287--$105,287
Depreciation Depletion$89,404$12,675$161$102,240
Payroll Taxes$60,734$10,963-$71,697
Occupancy$43,446--$43,446
Insurance$18,055--$18,055
Fees for Services Accounting-$14,300-$14,300
Other Expenses$13,074$1,378$18$13,074
Information Technology$10,543$1,678$30$12,251
All Other Expenses$10,298--$10,298
Office Expenses-$9,423$28$9,451
Advertising$7,216--$7,216
Travel$3,967--$3,967
Fees for Services Legal-$628-$628
Total Functional Expenses$1,704,737$258,881$3,298$1,966,916

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,966,916
Total Expenses per Audited Statements$1,966,916
Total Expenses per Form 990$1,966,916
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
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AState Charter School Finance2007-11-28$3,127,000PURCHASE FACILITIES

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$3,127,000--$62,540

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Form 990 is provided to board prior to filing.

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

Board reviews and discusses any conflicts of interest.

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

Reviewed by the board of directors during presentation of the budget.

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

The salaries or other compensation of the officers of the school shall be fixed from time to time by the board of directors.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request just as forms 990.

Filing and Contact Details

Filer

Filer Name
Fast Forward of Utah Inc
EIN
30-0152192
Phone
4357134255
Address
875 WEST 1400 NORTH, LOGAN, UT 84321

Signing Officer

Name
Eric Lindsey
Title
Director
Phone
4357134255
Signed
2016-01-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Lindsey
Formed
2002
Legal Domicile
Ut
Voting Board Members
4
Independent Board Members
4
Employees
47
Volunteers
8

Preparer

Firm
Squire & Company Pc
Address
1329 SOUTH 800 EAST, OREM, UT 84097-7737
Preparer
M Paul Winward CPA
Phone
8012256900
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IRS990/ReconcilationRevenueExpnssAmt0-117665
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01012318
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0283410
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt02634878
IRS990ScheduleD/TotalExpensesPerForm990Amt01966916
IRS990ScheduleD/TotalRevenuePerForm990Amt01849251
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01966916
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS EXCUSED FROM FORMAL COMPLIANCE WITH REV PROC 75-50 AS LONG AS ITS CHARTER AGREEMENT WITH THE STATE OF UTAH REMAINS IN EFFECT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES FEDERAL AND STATE GRANTS TO OPERATE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0STATE CHARTER SCHOOL FINANCE 12/18/15
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE K - DATE REBATE COMPUTATION PERFORMED
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02007-11-28
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0261275269
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt03127000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0STATE CHARTER SCHOOL FINANCE
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine2Txt0AUTHORITY
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0PURCHASE FACILITIES
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PROVIDED TO BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD REVIEWS AND DISCUSSES ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED BY THE BOARD OF DIRECTORS DURING PRESENTATION OF THE BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SALARIES OR OTHER COMPENSATION OF THE OFFICERS OF THE SCHOOL SHALL BE FIXED FROM TIME TO TIME BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST JUST AS FORMS 990.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt01820682
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03298
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0258881
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01704737
IRS990/TotalFunctionalExpensesGrp/TotalAmt01966916
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt02897173
IRS990/TotalLiabilitiesGrp/BOYAmt02938812
IRS990/TotalLiabilitiesGrp/EOYAmt02897173
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0821321
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0703656
IRS990/TotalOtherCompensationAmt029435
IRS990/TotalProgramServiceExpensesAmt01704737
IRS990/TotalProgramServiceRevenueAmt027372
IRS990/TotalReportableCompFromOrgAmt0105287
IRS990/TotalRevenueGrp/ExclusionAmt01197
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt027372
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01849251
IRS990/TotalVolunteersCnt08
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03600829
IRS990/TravelGrp/ProgramServicesAmt03967
IRS990/TravelGrp/TotalAmt03967
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0821321
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0875 WEST 1400 NORTH
IRS990/USAddress/CityNm0LOGAN
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.90$2.75$3.15$6.23$5.49$0.74
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.49$2.84$0.65$3.43$2.63$0.80
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.83$2.98$0.15$2.70$2.56$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.90$2.42$0.49$2.67$2.46$0.21
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.72$2.44$0.28$2.35$2.38$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.84$2.52$0.31$2.23$2.39$0.17
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.05$2.57$0.48$2.01$2.07$0.06
2016Detailed filing. Detailed filing data is available for this year.$3.18$2.65$0.54$1.95$1.99$0.04
2015Detailed filing. Detailed filing data is available for this year.$3.60$2.90$0.70$1.85$1.97$0.12
2014Detailed filing. Detailed filing data is available for this year.$3.76$2.94$0.82$2.11$1.88$0.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.72$3.13$0.59$1.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.68$3.19$0.49$1.73
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.68$3.23$0.46$1.65