Civic Intelligence

Utah Virtual Academy

990 • Fiscal year 2016 • EIN 45-0574278

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 17, 2017

Organization ProfileUTVA.K12.COM

View Organization Page

310 E 4500 S Ste 620Murray, UT 84107

(801) 262-4922

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.99x

Higher debt load relative to assets than 92% of similar nonprofits.

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

Liabilities / Revenue

47th percentile

0.22x

Higher debt load relative to revenue than 47% of similar nonprofits.

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

Net Margin

37th percentile

-0.1%

Higher net margin than 37% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

88th percentile

24%

Faster asset growth than 88% of similar nonprofits.

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

Revenue Growth

65th percentile

8.6%

Faster revenue growth than 65% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$3,311,752

Up $637,547 (+24%) from 2015

Net Assets

Down

$19,021

Down $10,796 (-36%) from 2015

Liabilities

Up

$3,292,731

Up $648,343 (+25%) from 2015

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin37th percentile

Revenue

Up

$14,761,640

Up $1,163,628 (+8.6%) from 2015

Expenses

Up

$14,772,436

Up $1,229,159 (+9.1%) from 2015

Net Income

Down

-$10,796

Down $65,531 (-120%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2011: $1,080,786Liabilities 2011: $1,066,339Net Assets 2011: $14,4472011Assets 2012: $1,384,493Liabilities 2012: $1,409,899Net Assets 2012: -$25,4062012Assets 2013: $2,979,596Liabilities 2013: $3,006,857Net Assets 2013: -$27,2612013Assets 2014: $2,751,205Liabilities 2014: $2,776,123Net Assets 2014: -$24,9182014Assets 2015: $2,674,205Liabilities 2015: $2,644,388Net Assets 2015: $29,8172015Assets 2016: $3,311,752Liabilities 2016: $3,292,731Net Assets 2016: $19,0212016Assets 2017: $2,893,662Liabilities 2017: $2,893,662Net Assets 2017: $02017Assets 2018: $1,937,601Liabilities 2018: $1,937,601Net Assets 2018: $02018Assets 2019: $3,318,939Liabilities 2019: $2,604,269Net Assets 2019: $714,6702019Assets 2020: $3,849,356Liabilities 2020: $3,088,588Net Assets 2020: $760,7682020Assets 2021: $7,755,509Liabilities 2021: $2,804,413Net Assets 2021: $4,951,0962021Assets 2022: $11,852,383Liabilities 2022: $1,913,852Net Assets 2022: $9,938,5312022Assets 2023: $14,306,925Liabilities 2023: $2,784,765Net Assets 2023: $11,522,1602023Assets 2024: $16,806,474Liabilities 2024: $2,959,334Net Assets 2024: $13,847,1402024

Highlighted filing

2016

Assets$3,311,752
Liabilities$3,292,731
Net Assets$19,021
Open 2016 Filing

Operations Trend

Revenue Growth65th percentile

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

$30M$20M$10M$0-$10MRevenue 2011: $11,347,699Expenses 2011: $11,380,114Net Income 2011: -$32,4152011Revenue 2012: $11,612,580Expenses 2012: $11,652,433Net Income 2012: -$39,8532012Expenses 2013: $13,368,5862013Revenue 2014: $13,455,408Expenses 2014: $13,453,065Net Income 2014: $2,3432014Revenue 2015: $13,598,012Expenses 2015: $13,543,277Net Income 2015: $54,7352015Revenue 2016: $14,761,640Expenses 2016: $14,772,436Net Income 2016: -$10,7962016Revenue 2017: $15,552,749Expenses 2017: $15,571,770Net Income 2017: -$19,0212017Revenue 2018: $16,954,977Expenses 2018: $16,954,977Net Income 2018: $02018Revenue 2019: $18,382,762Expenses 2019: $17,668,092Net Income 2019: $714,6702019Revenue 2020: $18,654,615Expenses 2020: $18,608,517Net Income 2020: $46,0982020Revenue 2021: $26,794,194Expenses 2021: $23,365,778Net Income 2021: $3,428,4162021Revenue 2022: $26,289,825Expenses 2022: $21,302,390Net Income 2022: $4,987,4352022Revenue 2023: $23,217,685Expenses 2023: $21,634,056Net Income 2023: $1,583,6292023Revenue 2024: $24,909,356Expenses 2024: $22,584,376Net Income 2024: $2,324,9802024

Highlighted filing

2016

Revenue$14,761,640
Expenses$14,772,436
Net Income-$10,796
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 17, 2017
Return Version
2015v3.0
Gross Receipts
$14,761,640
Mission and Program Overview

Mission

To give students a complete curriculum and excellent education by providing an education that meets or exceeds state standards, and allows students to demonstrate their knowledge and skills through state standardized tests.

To give students a complete curriculum and excellent education to provide an education that meets or exceeds state standards, and allow students to demonstrate their knowledge and skills through state standardized tests.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,466,456$2,364,687▼ $101,769
Accounts Receivable$135,712$868,847▲ $733,135
Land, Buildings, and Equipment, Net$52,180$41,384▼ $10,796
Prepaid Expenses and Deferred Charges$19,857$36,834▲ $16,977
Total Assets$2,674,205$3,311,752▲ $637,547
Liabilities
Deferred Revenue$1,817,240$1,974,257▲ $157,017
Accounts Payable and Accrued Expenses$827,148$1,318,474▲ $491,326
Total Liabilities$2,644,388$3,292,731▲ $648,343
Net Assets / Fund Balance
Unrestricted Net Assets$29,817$19,021▼ $10,796
Total Net Assets Fund Balance$29,817$19,021▼ $10,796
Total Liabilities and Net Assets / Fund Balance$2,674,205$3,311,752▲ $637,547

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$41,384$12,595$53,979
Equipment$0$28,235$28,235
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Brian MaxwellChair
Wade FarrawayVice Chair
Andrew HarveyMember
Angela RackhamMember
Jeff RogersMember
Matt ThueMember

Highest Paid Contractors

ContractorServicesLocationCompensation
K12 IncManagement Services And It Consulting2300 CORPORATE PARK DRIVE, Herndon, VA 20171$8,490,937
Revenue and Support

Revenue Composition

Contributions and Grants
$14,581,307
Program Service Revenue
$1,852
Investment Income
$0
Other Revenue
$178,481
All Other Contributions
$32
Change in Net Assets
$-10,796

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,583,159
Revenue Not Reported on Financial Statements
$178,481
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$178,481
Total Revenue per Audited Statements
$14,583,159
Total Revenue per Form 990
$14,761,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,870,809
Salaries, Compensation, and Employee Benefits$4,901,627
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,723,015--$3,723,015
Fees for Services Management$2,520,398$228,314-$2,748,712
Other Employee Benefits$1,071,071--$1,071,071
Payroll Taxes$106,521--$106,521
Occupancy$105,061--$105,061
All Other Expenses$78,073--$78,073
Travel$74,810--$74,810
Other Expenses$47,662$147,104-$47,662
Insurance$34,369--$34,369
Fees for Services Accounting$26,191--$26,191
Depreciation Depletion$10,250$546-$10,796
Fees for Services Legal$5,508--$5,508
Pension Plan Contributions$1,020--$1,020
Total Functional Expenses$14,396,472$375,964$0$14,772,436

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$14,772,436
Expenses per Audited Statements$14,593,955
Total Expenses per Audited Statements$14,593,955
Expenses Not Reported on Financial Statements$178,481
Other Expense Adjustments$178,481
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 school has a management agreement with k12, inc to provide technology, curriculum, and management servicies through 2016.”

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

“All affected persons shall complete and file a conflict of interest disclosure statement, in the form attached to this policy, to the secretary of the board annually within thirty days of the start of the fiscal year. The secretary shall review the forms in conjunction with the chair and vice chair and is responsible for ensuring compliance with this policy as to all matters than come before the board.”

Form 990, Part VI, Section C, Line 19

“All policies and documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Utah Virtual Academy
EIN
45-0574278
Phone
8012624922
Address
310 E 4500 S STE 620, MURRAY, UT 84107

Signing Officer

Name
Brian Maxwell
Title
Board Chair
Phone
8018597400
Signed
2017-01-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Maxwell
Formed
2007
Legal Domicile
Ut
Voting Board Members
6
Independent Board Members
6
Employees
133
Volunteers
6

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 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 section 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.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“BAD DEBT 178,481.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“BAD DEBT 178,481.”

Raw XML Appendix389 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0827148
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01318474
IRS990/AccountsReceivableGrp/BOYAmt0135712
IRS990/AccountsReceivableGrp/EOYAmt0868847
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO GIVE STUDENTS A COMPLETE CURRICULUM AND EXCELLENT EDUCATION TO PROVIDE AN EDUCATION THAT MEETS OR EXCEEDS STATE STANDARDS, AND ALLOW STUDENTS TO DEMONSTRATE THEIR KNOWLEDGE AND SKILLS THROUGH STATE STANDARDIZED TESTS.
IRS990/AllOtherContributionsAmt032
IRS990/AllOtherExpensesGrp/ProgramServicesAmt078073
IRS990/AllOtherExpensesGrp/TotalAmt078073
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0STACY LINRUD
IRS990/BooksInCareOfDetail/PhoneNum07206330633
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02300 CORPORATE PARK DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0HERNDON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020171
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt02466456
IRS990/CashNonInterestBearingGrp/EOYAmt02364687
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt08490937
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt02300 CORPORATE PARK DRIVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0HERNDON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0VA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd020171
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0K12 INC
IRS990/ContractorCompensationGrp/ServicesDesc0MANAGEMENT SERVICES AND IT CONSULTING
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt014581307
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt09870809
IRS990/CYOtherRevenueAmt0178481
IRS990/CYProgramServiceRevenueAmt01852
IRS990/CYRevenuesLessExpensesAmt0-10796
IRS990/CYSalariesCompEmpBnftPaidAmt04901627
IRS990/CYTotalExpensesAmt014772436
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt014761640
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01817240
IRS990/DeferredRevenueGrp/EOYAmt01974257
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0546
IRS990/DepreciationDepletionGrp/ProgramServicesAmt010250
IRS990/DepreciationDepletionGrp/TotalAmt010796
IRS990/Desc0TO PROVIDE STUDENTS WITH CURRICULUM AND OBTAIN RESOURCES FOR STUDENTS, AND TO CREATE A POSITIVE LEARNING ENVIRONMENT.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0133
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt014396472
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt026191
IRS990/FeesForServicesAccountingGrp/TotalAmt026191
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt05508
IRS990/FeesForServicesLegalGrp/TotalAmt05508
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0228314
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt02520398
IRS990/FeesForServicesManagementGrp/TotalAmt02748712
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0BRIAN MAXWELL
IRS990/Form990PartVIISectionAGrp/PersonNm1WADE FARRAWAY
IRS990/Form990PartVIISectionAGrp/PersonNm2ANGELA RACKHAM
IRS990/Form990PartVIISectionAGrp/PersonNm3JEFF ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm4ANDREW HARVEY
IRS990/Form990PartVIISectionAGrp/PersonNm5MATT THUE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt014581275
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt014761640
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt034369
IRS990/InsuranceGrp/TotalAmt034369
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt021
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt040830
IRS990/LandBldgEquipBasisNetGrp/BOYAmt052180
IRS990/LandBldgEquipBasisNetGrp/EOYAmt041384
IRS990/LandBldgEquipCostOrOtherBssAmt082214
IRS990/LegalDomicileStateCd0UT
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO GIVE STUDENTS A COMPLETE CURRICULUM AND EXCELLENT EDUCATION TO PROVIDE AN EDUCATION THAT MEETS OR EXCEEDS STATE STANDARDS, AND ALLOW STUDENTS TO DEMONSTRATE THEIR KNOWLEDGE AND SKILLS THROUGH STATE STANDARDIZED TESTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt029817
IRS990/NetAssetsOrFundBalancesEOYAmt019021
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0105061
IRS990/OccupancyGrp/TotalAmt0105061
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01071071
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01071071
IRS990/OtherExpensesGrp/Desc0CURRICULUM AND SUPPLIES
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL
IRS990/OtherExpensesGrp/Desc2PHONE AND INTERNET
IRS990/OtherExpensesGrp/Desc3RENTAL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0147104
IRS990/OtherExpensesGrp/ProgramServicesAmt05663135
IRS990/OtherExpensesGrp/ProgramServicesAmt1851703
IRS990/OtherExpensesGrp/ProgramServicesAmt277685
IRS990/OtherExpensesGrp/ProgramServicesAmt347662
IRS990/OtherExpensesGrp/TotalAmt05810239
IRS990/OtherExpensesGrp/TotalAmt1851703
IRS990/OtherExpensesGrp/TotalAmt277685
IRS990/OtherExpensesGrp/TotalAmt347662
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0BAD DEBT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0178481
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0178481
IRS990/OtherRevenueTotalAmt0178481
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03723015
IRS990/OtherSalariesAndWagesGrp/TotalAmt03723015
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0106521
IRS990/PayrollTaxesGrp/TotalAmt0106521
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01020
IRS990/PensionPlanContributionsGrp/TotalAmt01020
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019857
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036834
IRS990/PrincipalOfficerNm0BRIAN MAXWELL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES AND ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01852
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01852
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt013592626
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt09224290
IRS990/PYOtherRevenueAmt04329
IRS990/PYProgramServiceRevenueAmt01057
IRS990/PYRevenuesLessExpensesAmt054735
IRS990/PYSalariesCompEmpBnftPaidAmt04318987
IRS990/PYTotalExpensesAmt013543277
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt013598012
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-10796
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01884
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt028235
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt028235
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0178481
IRS990ScheduleD/ExpensesSubtotalAmt014593955
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt041384
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012595
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt053979
IRS990ScheduleD/OtherExpensesNotIncludedAmt0178481
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0178481
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0178481
IRS990ScheduleD/RevenueSubtotalAmt014583159
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 SECTION 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/ExplanationTxt1BAD DEBT 178,481.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BAD DEBT 178,481.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt041384
IRS990ScheduleD/TotalExpensesPerForm990Amt014772436
IRS990ScheduleD/TotalRevenuePerForm990Amt014761640
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt014583159
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt014593955
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/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS EXCUSED FROM FORMAL COMPLIANCE WITH THE REV PROC 75-50 AS LONG AS THE SCHOOL'S CHARTER AGREEMENT WITH THE STATE OF UTAH REMIAINS IN EFFECT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES GRANTS FROM STATE AND FEDERAL AGENCIES TO OPERATE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS A MANAGEMENT AGREEMENT WITH K12, INC TO PROVIDE TECHNOLOGY, CURRICULUM, AND MANAGEMENT SERVICIES THROUGH 2016.
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/ExplanationTxt2ALL AFFECTED PERSONS SHALL COMPLETE AND FILE A CONFLICT OF INTEREST DISCLOSURE STATEMENT, IN THE FORM ATTACHED TO THIS POLICY, TO THE SECRETARY OF THE BOARD ANNUALLY WITHIN THIRTY DAYS OF THE START OF THE FISCAL YEAR. THE SECRETARY SHALL REVIEW THE FORMS IN CONJUNCTION WITH THE CHAIR AND VICE CHAIR AND IS RESPONSIBLE FOR ENSURING COMPLIANCE WITH THIS POLICY AS TO ALL MATTERS THAN COME BEFORE THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL POLICIES AND DOCUMENTS ARE AVAILABLE TO THE PUBLIC 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 C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0UT
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02674205
IRS990/TotalAssetsEOYAmt03311752
IRS990/TotalAssetsGrp/BOYAmt02674205
IRS990/TotalAssetsGrp/EOYAmt03311752
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt014581307
IRS990/TotalEmployeeCnt0133
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0375964
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt014396472
IRS990/TotalFunctionalExpensesGrp/TotalAmt014772436
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02644388
IRS990/TotalLiabilitiesEOYAmt03292731
IRS990/TotalLiabilitiesGrp/BOYAmt02644388
IRS990/TotalLiabilitiesGrp/EOYAmt03292731
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt029817
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt019021
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt014396472
IRS990/TotalProgramServiceRevenueAmt01852
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0180333
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt014761640
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02674205
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03311752
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt074810
IRS990/TravelGrp/TotalAmt074810
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt029817
IRS990/UnrestrictedNetAssetsGrp/EOYAmt019021
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0310 E 4500 S STE 620
IRS990/USAddress/CityNm0MURRAY
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084107
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0HTTP://UTVA.K12.COM/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN MAXWELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum08018597400
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UTAH VIRTUAL ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0UTAH
ReturnHeader/Filer/EIN0450574278
ReturnHeader/Filer/PhoneNum08012624922
ReturnHeader/Filer/USAddress/AddressLine1Txt0310 E 4500 S STE 620
ReturnHeader/Filer/USAddress/CityNm0MURRAY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084107
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/ReturnTs02017-02-24T09:21:15-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$3,311,752
Liabilities
$3,292,731
Net assets
$19,021
Revenue
$14,761,640
Expenses
$14,772,436
Net income
-$10,796
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.8$2.96$13.8$24.9$22.6$2.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.3$2.78$11.5$23.2$21.6$1.58
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.9$1.91$9.94$26.3$21.3$4.99
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.76$2.80$4.95$26.8$23.4$3.43
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.85$3.09$0.76$18.7$18.6$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.32$2.60$0.71$18.4$17.7$0.71
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$1.94$0.00$17.0$17.0$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.89$2.89$0.00$15.6$15.6$0.02
2016Detailed filing. Detailed filing data is available for this year.$3.31$3.29$0.02$14.8$14.8$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.67$2.64$0.03$13.6$13.5$0.05
2014Detailed filing. Detailed filing data is available for this year.$2.75$2.78$0.02$13.5$13.5$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.98$3.01$0.03$13.4
2012Summary only. Only limited summary data is available for this year.$1.38$1.41$0.03$11.6$11.7$0.04
2011Summary only. Only limited summary data is available for this year.$1.08$1.07$0.01$11.3$11.4$0.03