Civic Intelligence

Scholar Academy

990 • Fiscal year 2017 • EIN 46-3239199

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 23, 2018

928 North 100 EastTooele, UT 84074

(435) 566-6957

Siviq Scores

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

Liabilities / Assets

91st percentile

0.97x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

85th percentile

1.47x

Higher debt load relative to revenue than 85% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

63rd percentile

7.9%

Higher net margin than 63% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

54th percentile

5.0%

Faster asset growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

68th percentile

14%

Faster revenue growth than 68% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$5,681,867

Up $270,071 (+5.0%) from 2016

Net Assets

Up

$164,453

Up $295,200 (+226%) from 2016

Liabilities

Down

$5,517,414

Down $25,129 (-0.5%) from 2016

Revenue

Up

$3,756,569

Up $458,996 (+14%) from 2016

Expenses

Up

$3,461,369

Up $185,380 (+5.7%) from 2016

Net Income

Up

$295,200

Up $273,616 (+1268%) from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2014: $347,245Liabilities 2014: $372,031Net Assets 2014: -$24,7862014Assets 2015: $5,493,220Liabilities 2015: $5,645,551Net Assets 2015: -$152,3312015Assets 2016: $5,411,796Liabilities 2016: $5,542,543Net Assets 2016: -$130,7472016Assets 2017: $5,681,867Liabilities 2017: $5,517,414Net Assets 2017: $164,4532017Assets 2018: $13,131,976Liabilities 2018: $12,184,106Net Assets 2018: $947,8702018Assets 2019: $12,975,572Liabilities 2019: $11,885,387Net Assets 2019: $1,090,1852019Assets 2020: $12,939,428Liabilities 2020: $11,650,161Net Assets 2020: $1,289,2672020Assets 2021: $13,228,733Liabilities 2021: $11,528,069Net Assets 2021: $1,700,6642021Assets 2022: $13,719,004Liabilities 2022: $11,285,194Net Assets 2022: $2,433,8102022Assets 2023: $14,541,991Liabilities 2023: $11,145,931Net Assets 2023: $3,396,0602023Assets 2024: $14,920,487Liabilities 2024: $10,915,042Net Assets 2024: $4,005,4452024

Highlighted filing

2017

Assets$5,681,867
Liabilities$5,517,414
Net Assets$164,453

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $101,619Expenses 2014: $126,405Net Income 2014: -$24,7862014Revenue 2015: $2,819,428Expenses 2015: $2,941,677Net Income 2015: -$122,2492015Revenue 2016: $3,297,573Expenses 2016: $3,275,989Net Income 2016: $21,5842016Revenue 2017: $3,756,569Expenses 2017: $3,461,369Net Income 2017: $295,2002017Revenue 2018: $4,569,038Expenses 2018: $3,785,621Net Income 2018: $783,4172018Revenue 2019: $4,659,953Expenses 2019: $4,517,638Net Income 2019: $142,3152019Revenue 2020: $5,247,257Expenses 2020: $5,048,175Net Income 2020: $199,0822020Revenue 2021: $5,957,332Expenses 2021: $5,422,088Net Income 2021: $535,2442021Revenue 2022: $6,269,689Expenses 2022: $5,536,543Net Income 2022: $733,1462022Revenue 2023: $6,732,680Expenses 2023: $5,770,430Net Income 2023: $962,2502023Revenue 2024: $7,373,580Expenses 2024: $6,764,195Net Income 2024: $609,3852024

Highlighted filing

2017

Revenue$3,756,569
Expenses$3,461,369
Net Income$295,200
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 23, 2018
Return Version
2016v3.0
Gross Receipts
$3,756,569
Mission and Program Overview

Mission

Scholar academy students will enjoy a rich, engaging, and student-centered educational program that is focused on improving and challenging students at all levels.

The education of students grades k-6.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,024,011$4,989,364▼ $34,647
Cash and Non-Interest-Bearing Accounts$314,284$579,724▲ $265,440
Accounts Receivable$73,501$112,559▲ $39,058
Prepaid Expenses and Deferred Charges-$220-
Total Assets$5,411,796$5,681,867▲ $270,071
Liabilities
Unsecured Notes Loans Payable$5,253,894--
Other Liabilities$0$5,242,634▲ $5,242,634
Accounts Payable and Accrued Expenses$127,735$190,373▲ $62,638
Mortgage Notes Payable Secured by Investment Property$160,914$84,407▼ $76,507
Total Liabilities$5,542,543$5,517,414▼ $25,129
Net Assets / Fund Balance
Unrestricted Net Assets$-130,747$164,453▲ $295,200
Total Net Assets Fund Balance$-130,747$164,453▲ $295,200
Total Liabilities and Net Assets / Fund Balance$5,411,796$5,681,867▲ $270,071

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,856,250$393,750-
Equipment$133,114$116,448-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sandra LarsenBoard Chair
Dustin LaughlinBoard Member
Dusty GriffithBoard Member
Ian TomlinsonBoard Member
Jared HamnerBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Academica WestManagement Services290 N FLINT ST, Kaysville, UT 84037$220,000
Revenue and Support

Revenue Composition

Contributions and Grants
$3,492,997
Program Service Revenue
$263,196
Investment Income
$376
Other Revenue
$0
All Other Contributions
$3,182,728
Change in Net Assets
$295,200

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,756,569
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,756,569
Total Revenue per Form 990
$3,756,569
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,020,823
Other Expenses$1,440,546
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,413,216$204,681-$1,617,897
Interest-$625,472-$625,472
Other Employee Benefits$215,569$49,824-$265,393
Fees for Services Management-$220,000-$220,000
Payroll Taxes$126,218$11,315-$137,533
Information Technology$81,105$14,322-$95,427
Fees for Services Other$63,096$24,323-$87,419
Office Expenses$52,461$2,612-$55,073
Depreciation Depletion-$48,676-$48,676
Other Expenses$29,620$2,733-$32,353
All Other Expenses$18,299$5,931-$24,230
Insurance$735$10,156-$10,891
Travel$7,084$2,525-$9,609
Advertising$854--$854
Total Functional Expenses$2,185,821$1,275,548$0$3,461,369

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,461,369
Total Expenses per Audited Statements$3,461,369
Total Expenses per Form 990$3,461,369
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease$5,242,634
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
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, Part VI, Section B, Line 11B

The tax return is reviewed by the board, compared to the audited financial statements, then signed and submitted to the irs.

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

Conflicts of interest, if any, are discussed at monthly board meetings.

Form 990, Part VI, Section B, Line 15A

Director's salary is determined by the board based on experience and compensation at similarly sized charter schools.

Form 990, Part VI, Section C, Line 19

Documents required to be available for public inspection are available, upon request, during the organization's business hours.

Filing and Contact Details

Filer

Filer Name
Scholar Academy
EIN
46-3239199
Phone
4355666957
Address
928 NORTH 100 EAST, TOOELE, UT 84074

Signing Officer

Name
Sandra Larsen
Title
Board President
Phone
4355666957
Signed
2018-04-23

Organization Details

Principal Officer
Sandra Larsen
Formed
2013
Legal Domicile
Ut
Voting Board Members
5
Independent Board Members
5
Employees
88
Volunteers
10

Preparer

Firm
Academica West
Address
290 NORTH FLINT STREET, KAYSVILLE, UT 84037
Preparer
Ryan H Smith
Phone
8014449378
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board of directors acts as an oversight committee for the independent auditors.

FORM 990, PART XII, LINE 2C:

The board of directors votes on an audit committee. Committee members are reviewed anually and modified as needed.

Financial Statement Notes

PART X, LINE 2:

The organization 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 organization 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 Appendix392 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION 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 ORGANIZATION 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/TotalBookValueLandBuildingsAmt04989364
IRS990ScheduleD/TotalExpensesPerForm990Amt03461369
IRS990ScheduleD/TotalLiabilityAmt05242634
IRS990ScheduleD/TotalRevenuePerForm990Amt03756569
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03756569
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03461369
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd00
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A STATE FUNDED CHARTER SCHOOL AND THUS FOLLOWS ALL FEDERAL AND STATE NONDISCRIMINATION POLICIES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS STATE FUNDED AND DOES NOT SOLICIT DONATIONS OR CONTRIBUTIONS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN IS REVIEWED BY THE BOARD, COMPARED TO THE AUDITED FINANCIAL STATEMENTS, THEN SIGNED AND SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICTS OF INTEREST, IF ANY, ARE DISCUSSED AT MONTHLY BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTOR'S SALARY IS DETERMINED BY THE BOARD BASED ON EXPERIENCE AND COMPENSATION AT SIMILARLY SIZED CHARTER SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS REQUIRED TO BE AVAILABLE FOR PUBLIC INSPECTION ARE AVAILABLE, UPON REQUEST, DURING THE ORGANIZATION'S BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS ACTS AS AN OVERSIGHT COMMITTEE FOR THE INDEPENDENT AUDITORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS VOTES ON AN AUDIT COMMITTEE. COMMITTEE MEMBERS ARE REVIEWED ANUALLY AND MODIFIED AS NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05411796
IRS990/TotalAssetsEOYAmt05681867
IRS990/TotalAssetsGrp/BOYAmt05411796
IRS990/TotalAssetsGrp/EOYAmt05681867
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03492997
IRS990/TotalEmployeeCnt088
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01275548
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02185821
IRS990/TotalFunctionalExpensesGrp/TotalAmt03461369
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05542543
IRS990/TotalLiabilitiesEOYAmt05517414
IRS990/TotalLiabilitiesGrp/BOYAmt05542543
IRS990/TotalLiabilitiesGrp/EOYAmt05517414
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-130747
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0164453
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02185821
IRS990/TotalProgramServiceRevenueAmt0263196
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0263572
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03756569
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05411796
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05681867
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02525
IRS990/TravelGrp/ProgramServicesAmt07084
IRS990/TravelGrp/TotalAmt09609
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-130747
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0164453
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt05253894
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0928 NORTH 100 EAST
IRS990/USAddress/CityNm0TOOELE
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084074
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTP://SCHOLARCHARTER.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SANDRA LARSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04355666957
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SCHOLAR ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0SCHO
ReturnHeader/Filer/EIN0463239199
ReturnHeader/Filer/PhoneNum04355666957
ReturnHeader/Filer/USAddress/AddressLine1Txt0928 NORTH 100 EAST
ReturnHeader/Filer/USAddress/CityNm0TOOELE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084074
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F0DBE16B46B27A2E6F654325483D58F6D6D2764E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A1B5644A4D9AD364D0A4A3C5CEC2BE51285CDA94
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.60.105.66
ReturnHeader/FilingSecurityInformation/IPDt02018-04-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0MD
ReturnHeader/FilingSecurityInformation/IPTm014:44:09
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0331064293
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ACADEMICA WEST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0290 NORTH FLINT STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KAYSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084037
ReturnHeader/PreparerPersonGrp/PhoneNum08014449378
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RYAN H SMITH
ReturnHeader/ReturnTs02018-04-23T14:44:20-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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