Civic Intelligence

Aristotle Academy

990 • Fiscal year 2018 • EIN 45-0848372

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

Organization ProfileWWW.ARISTOTLEACADEMYK8.ORG
704 South 600 EastAmerican Fork, UT 84003

(801) 763-7286

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2018

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

2nd percentile

-294%

Higher net margin than 2% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

2nd percentile

-97%

Faster revenue growth than 2% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $324,915 (-100%) from 2017

Net Assets

Down

$0

Down $81,496 (-100%) from 2017

Liabilities

Down

$0

Down $243,419 (-100%) from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin2nd percentile

Revenue

Down

$27,748

Down $1,037,122 (-97%) from 2017

Expenses

Down

$109,244

Down $826,279 (-88%) from 2017

Net Income

Down

-$81,496

Down $210,843 (-163%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$600K$400K$200K$0-$200K-$400KAssets 2013: $194,356Liabilities 2013: $486,072Net Assets 2013: -$291,7162013Assets 2014: $215,889Liabilities 2014: $443,670Net Assets 2014: -$227,7812014Assets 2015: $417,359Liabilities 2015: $370,797Net Assets 2015: $46,5622015Assets 2016: $290,723Liabilities 2016: $338,574Net Assets 2016: -$47,8512016Assets 2017: $324,915Liabilities 2017: $243,419Net Assets 2017: $81,4962017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$0
Liabilities$0
Net Assets$0
Open 2018 Filing

Operations Trend

Revenue Growth2nd percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2013: $1,616,7772013Revenue 2014: $1,467,685Expenses 2014: $1,403,750Net Income 2014: $63,9352014Revenue 2015: $1,418,779Expenses 2015: $1,144,436Net Income 2015: $274,3432015Revenue 2016: $1,049,152Expenses 2016: $1,085,558Net Income 2016: -$36,4062016Revenue 2017: $1,064,870Expenses 2017: $935,523Net Income 2017: $129,3472017Revenue 2018: $27,748Expenses 2018: $109,244Net Income 2018: -$81,4962018

Highlighted filing

2018

Revenue$27,748
Expenses$109,244
Net Income-$81,496
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$27,748
Mission and Program Overview

Mission

Aristotle academy serves approximately 230 kindergarten through eigth grade students as a public charter school chartered by the state of utah.

Aristotle academy serves approximately 130 kindergarten through eighth grade students as a public charter school chartered by the state of utah.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$246,367--
Pledges and Grants Receivable$65,965--
Prepaid Expenses and Deferred Charges$6,878--
Accounts Receivable$5,705--
Total Assets$324,915$0▼ $324,915
Liabilities
Deferred Revenue$232,600--
Accounts Payable and Accrued Expenses$10,819--
Total Liabilities$243,419$0▼ $243,419
Net Assets / Fund Balance
Unrestricted Net Assets$81,496--
Total Net Assets Fund Balance$81,496$0▼ $81,496
Total Liabilities and Net Assets / Fund Balance$324,915$0▼ $324,915
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Alan ShinoChair
Lindsy StraitVice Chair
Warren ShenkPrincipal
Revenue and Support

Revenue Composition

Contributions and Grants
$27,600
Program Service Revenue
$148
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-81,496

Audited Revenue Reconciliation

Revenue per Audited Statements
$27,748
Total Revenue per Audited Statements
$27,748
Total Revenue per Form 990
$27,748
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$85,866
Other Expenses$23,378
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$60,000-$60,000
Fees for Services Accounting-$18,650-$18,650
Other Employee Benefits$1,303$10,538-$11,841
Other Salaries and Wages$8,867--$8,867
Payroll Taxes$567$4,591-$5,158
Office Expenses-$3,220-$3,220
Travel-$887-$887
Fees for Services Other$302$319-$621
Total Functional Expenses$11,039$98,205$0$109,244

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$109,244
Total Expenses per Audited Statements$109,244
Total Expenses per Form 990$109,244
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
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

“No review was or will be conducted.”

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

“Conflicts of interest are monitored by the board and principal.”

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

“Compensation of key employees and officers is presented to the board for review and approval.”

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

“Compensation of key employees and officers is presented to the board for review and approval.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request just as forms 990.”

Filing and Contact Details

Filer

Filer Name
Aristotle Academy
EIN
45-0848372
Phone
8017637286
Address
704 SOUTH 600 EAST, AMERICAN FORK, UT 84003

Signing Officer

Name
Darren Hensley
Title
Business Administrat
Phone
8017637286
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Warren Shenk
Formed
2011
Legal Domicile
Ut
Voting Board Members
2
Independent Board Members
2
Employees
22

Preparer

Firm
Squire & Company Pc
Address
1329 SOUTH 800 EAST, OREM, UT 84097-7737
Preparer
M Paul Winward CPA
Phone
8012256900
Supplemental Narrative

Additional Explanations

Form 990

“In november 2016, the school's board announced that it would be closing the school at the end of the 2016-17 school year. The school's enrollment has been consistently declining over the past few years and did not show signs of improvement. The school had tried to merge with other charter schools, but those requests were denied. After considering the options for the school, the board decided it would be best to cease operations after the 2016-17 school year. Effective june 30, 2017, the school is permanently closed and the school is currently retiring its liabilities with remaining assets.”

Raw XML Appendix310 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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS EXCUSED FROM FORMAL COMPLIANCE WITH REV. PROC. 75 -50 AS LONG AS THE SCHOOL'S CHARTER AGREEMENT WITH THE STATE OF UTAH REMAINS IN EFFECT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES STATE AND FEDERAL GRANTS TO OPERATE.
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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0ARISTOTLE ACADEMY CLOSED ITS SCHOOL OPERATIONS IN MAY 2017. ALL ASSETS WERE SOLD DURING FISCAL YEAR 2017 AFTER SCHOOL WAS CLOSED. FISCAL YEAR 2018 WAS THE WINDING DOWN OF OPERATIONS. ALL REMAINING FUNDS WERE REFUNDED TO THE STATE OF UTAH. THESE FUNDS HAD PREVIOUSLY BEEN RECORDED AS DEFERRED REVENUE SINCE THE GRANT FUNDING WAS RESTRICED FOR SPECIAL EDUCATION ADD-ON SERVICES THAT WERE NOT SPENT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN NOVEMBER 2016, THE SCHOOL'S BOARD ANNOUNCED THAT IT WOULD BE CLOSING THE SCHOOL AT THE END OF THE 2016-17 SCHOOL YEAR. THE SCHOOL'S ENROLLMENT HAS BEEN CONSISTENTLY DECLINING OVER THE PAST FEW YEARS AND DID NOT SHOW SIGNS OF IMPROVEMENT. THE SCHOOL HAD TRIED TO MERGE WITH OTHER CHARTER SCHOOLS, BUT THOSE REQUESTS WERE DENIED. AFTER CONSIDERING THE OPTIONS FOR THE SCHOOL, THE BOARD DECIDED IT WOULD BE BEST TO CEASE OPERATIONS AFTER THE 2016-17 SCHOOL YEAR. EFFECTIVE JUNE 30, 2017, THE SCHOOL IS PERMANENTLY CLOSED AND THE SCHOOL IS CURRENTLY RETIRING ITS LIABILITIES WITH REMAINING ASSETS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICTS OF INTEREST ARE MONITORED BY THE BOARD AND PRINCIPAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION OF KEY EMPLOYEES AND OFFICERS IS PRESENTED TO THE BOARD FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION OF KEY EMPLOYEES AND OFFICERS IS PRESENTED TO THE BOARD FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST JUST AS FORMS 990.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/Filer/USAddress/AddressLine1Txt0704 SOUTH 600 EAST
ReturnHeader/Filer/USAddress/CityNm0AMERICAN FORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084003
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F1E22360F61A5E3A5871F3476489846BC9F3B330
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId00B28CDDCFCABE644B8FAE5A0C66A495D70EEA64A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt097.75.165.26
ReturnHeader/FilingSecurityInformation/IPDt02019-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:33:59
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0870343246
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SQUIRE & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01329 SOUTH 800 EAST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OREM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0840977737
ReturnHeader/PreparerPersonGrp/PhoneNum08012256900
ReturnHeader/PreparerPersonGrp/PreparationDt02019-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0M PAUL WINWARD CPA
ReturnHeader/ReturnTs02019-05-15T14:33:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$27,748
Expenses
$109,244
Net income
-$81,496
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.03$0.11$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.24$0.08$1.06$0.94$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.29$0.34$0.05$1.05$1.09$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.37$0.05$1.42$1.14$0.27
2014Detailed filing. Detailed filing data is available for this year.$0.22$0.44$0.23$1.47$1.40$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.49$0.29$1.62