Civic Intelligence

Legacy Preparatory Academy

990 • Fiscal year 2019 • EIN 59-3810621

Jul 01, 2018 to Jun 30, 2019 • Filed on Dec 20, 2019

Organization ProfileWWW.LEGACYPREP.ORG

View Organization Page

2214 South 1250 WestWoods Cross, UT 84087

(801) 936-0555

Siviq Scores

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

Liabilities / Assets

88th percentile

0.86x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

88th percentile

2.05x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

73rd percentile

13%

Higher net margin than 73% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

29th percentile

$121,035

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

37th percentile

0.7%

Faster asset growth than 37% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

58th percentile

6.4%

Faster revenue growth than 58% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$19,699,339

Up $136,119 (+0.7%) from 2018

Net Assets

Up

$2,750,224

Up $1,104,262 (+67%) from 2018

Liabilities

Down

$16,949,115

Down $968,143 (-5.4%) from 2018

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin73rd percentile

Revenue

Up

$8,286,740

Up $499,800 (+6.4%) from 2018

Expenses

Up

$7,182,478

Up $245,197 (+3.5%) from 2018

Net Income

Up

$1,104,262

Up $254,603 (+30%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$40M$30M$20M$10M$0-$10MAssets 2010: $13,420,258Liabilities 2010: $13,835,544Net Assets 2010: -$415,2862010Assets 2011: $13,326,308Liabilities 2011: $13,815,031Net Assets 2011: -$488,7232011Assets 2012: $13,470,059Liabilities 2012: $13,770,845Net Assets 2012: -$300,7862012Assets 2013: $13,878,167Liabilities 2013: $13,795,704Net Assets 2013: $82,4632013Assets 2014: $13,819,787Liabilities 2014: $13,593,718Net Assets 2014: $226,0692014Assets 2015: $18,198,739Liabilities 2015: $18,226,705Net Assets 2015: -$27,9662015Assets 2016: $18,412,949Liabilities 2016: $18,263,298Net Assets 2016: $149,6512016Assets 2017: $18,835,496Liabilities 2017: $18,039,193Net Assets 2017: $796,3032017Assets 2018: $19,563,220Liabilities 2018: $17,917,258Net Assets 2018: $1,645,9622018Assets 2019: $19,699,339Liabilities 2019: $16,949,115Net Assets 2019: $2,750,2242019Assets 2020: $21,111,154Liabilities 2020: $17,229,566Net Assets 2020: $3,881,5882020Assets 2021: $20,917,956Liabilities 2021: $15,698,383Net Assets 2021: $5,219,5732021Assets 2022: $32,366,265Liabilities 2022: $26,290,617Net Assets 2022: $6,075,6482022Assets 2023: $31,998,007Liabilities 2023: $25,736,051Net Assets 2023: $6,261,9562023Assets 2024: $31,927,273Liabilities 2024: $25,000,374Net Assets 2024: $6,926,8992024

Highlighted filing

2019

Assets$19,699,339
Liabilities$16,949,115
Net Assets$2,750,224
Open 2019 Filing

Operations Trend

Revenue Growth58th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $4,877,6772010Revenue 2011: $5,071,206Expenses 2011: $5,144,643Net Income 2011: -$73,4372011Expenses 2012: $5,745,6782012Revenue 2013: $6,884,514Expenses 2013: $6,558,402Net Income 2013: $326,1122013Revenue 2014: $6,615,291Expenses 2014: $6,471,685Net Income 2014: $143,6062014Revenue 2015: $6,464,527Expenses 2015: $6,360,491Net Income 2015: $104,0362015Revenue 2016: $6,694,846Expenses 2016: $6,517,229Net Income 2016: $177,6172016Revenue 2017: $7,473,222Expenses 2017: $6,826,570Net Income 2017: $646,6522017Revenue 2018: $7,786,940Expenses 2018: $6,937,281Net Income 2018: $849,6592018Revenue 2019: $8,286,740Expenses 2019: $7,182,478Net Income 2019: $1,104,2622019Revenue 2020: $8,694,182Expenses 2020: $7,562,818Net Income 2020: $1,131,3642020Revenue 2021: $8,923,520Expenses 2021: $7,585,535Net Income 2021: $1,337,9852021Revenue 2022: $9,927,655Expenses 2022: $9,071,580Net Income 2022: $856,0752022Revenue 2023: $9,360,799Expenses 2023: $9,174,491Net Income 2023: $186,3082023Revenue 2024: $11,161,628Expenses 2024: $10,496,685Net Income 2024: $664,9432024

Highlighted filing

2019

Revenue$8,286,740
Expenses$7,182,478
Net Income$1,104,262
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Dec 20, 2019
Return Version
2018v3.2
Gross Receipts
$8,345,045
Mission and Program Overview

Mission

To provide classical education and fine arts within a public charter school setting by building the foundation of knowledge and critical thinking skills necessary for children to become independent.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,954,801$13,577,299▼ $377,502
Savings and Temporary Cash Investments$2,098,597$3,662,365▲ $1,563,768
Cash and Non-Interest-Bearing Accounts$2,425,596$1,374,686▼ $1,050,910
Intangible Assets$1,001,631--
Pledges and Grants Receivable$38,754$66,395▲ $27,641
Prepaid Expenses and Deferred Charges$40,164$56,719▲ $16,555
Accounts Receivable$3,677$2,418▼ $1,259
Total Assets$19,563,220$19,699,339▲ $136,119
Other Assets Total-$959,457-
Liabilities
Tax Exempt Bond Liabilities$15,220,000$14,855,000▼ $365,000
Other Liabilities$1,223,035$1,159,892▼ $63,143
Accounts Payable and Accrued Expenses$1,036,892$783,030▼ $253,862
Mortgage Notes Payable Secured by Investment Property$376,100$126,107▼ $249,993
Deferred Revenue$61,231$25,086▼ $36,145
Total Liabilities$17,917,258$16,949,115▼ $968,143
Net Assets / Fund Balance
Unrestricted Net Assets$1,645,962$2,750,224▲ $1,104,262
Total Net Assets Fund Balance$1,645,962$2,750,224▲ $1,104,262
Total Liabilities and Net Assets / Fund Balance$19,563,220$19,699,339▲ $136,119

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,796,998$2,929,599$13,726,597
Land$2,065,795-$2,065,795
Leasehold Improvements$474,864$95,983$570,847
Equipment$187,706$141,956$329,662
Other Land Buildings$51,936$196,991$248,927
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nyman BrooksExecutive DiFT$98,873$22,162$121,035

Board Members and Trustees

NameTitle
Adam BuckPresident
Brandie EvansMember
Carl WoolstonMember
Jane DavisMember
Jennie JonssonMember
Jennifer BrooksMember
Paul HansenMember
Alisha JohnsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,045,717
Program Service Revenue
$213,966
Investment Income
$19,634
Other Revenue
$7,423
All Other Contributions
$27,079
Change in Net Assets
$1,104,262

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,345,045
Revenue Not Reported on Financial Statements
$-58,305
Other Revenue Adjustments
$-58,305
Total Revenue per Audited Statements
$8,345,045
Total Revenue per Form 990
$8,286,740
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,984,212
Other Expenses$2,198,266
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,745,926$216-$3,746,142
Other Employee Benefits$746,310$6,942-$753,252
Interest$641,789$57,976-$699,765
Depreciation Depletion$406,215$36,497-$442,712
Payroll Taxes$271,626--$271,626
Occupancy$161,319$57,134-$218,453
Fees for Services Other-$152,322-$152,322
Pension Plan Contributions$114,319--$114,319
Current Officers, Directors, Trustees, and Key Employees$98,873--$98,873
Information Technology$34,686$43,157-$77,843
Travel$65,561--$65,561
Fees for Services Legal-$52,449-$52,449
Fees for Services Management-$49,203-$49,203
Insurance$43,202--$43,202
Other Expenses$17,489$121,018-$17,489
Fees for Services Accounting-$16,332-$16,332
Office Expenses$15,430--$15,430
Conferences and Meetings$6,948--$6,948
All Other Expenses-$3,660-$3,660
Total Functional Expenses$6,585,572$596,906$0$7,182,478

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,240,783
Total Expenses per Audited Statements$7,240,783
Total Expenses per Form 990$7,182,478
Expenses Not Reported on Financial Statements$-58,305
Other Expense Adjustments$-58,305
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$9,382
Fundraising Direct Expenses$4,705
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
Unamortized Bond Premium$743,992
Bond Issuance Costs Payable$415,900

Bond Issues

BondIssuerIssuedIssue PricePurpose
AUtah Charter Finance Authority2014-09-29$16,900,000To refinance outstanding bonds used to purchase facilities.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$17,799,331$253,500$12,006,234$319,346

Bond Financing Compliance

No rebate due
No
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

“A draft copy is provided to the board for review prior to filing.”

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

“Board members annually sign conflict of interest statements.”

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

“Board reviews and determines annually.”

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

“Board reviews and determines annually.”

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Legacy Preparatory Academy
EIN
59-3810621
Phone
8019360555
Address
2214 SOUTH 1250 WEST, WOODS CROSS, UT 84087

Signing Officer

Name
Nyman Brooks
Title
Executive Director
Phone
8019360555
Signed
2019-12-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nyman Brooks
Formed
2005
Legal Domicile
Ut
Voting Board Members
8
Independent Board Members
8
Employees
154
Volunteers
295

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, Part XI, Line 9

“Loss on disposal of assets 53,600 special event expenses 4,705 loss on disposal of assets -53,600 special event expenses -4,705”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

“Loss on disposal of assets -53,600 special event expenses -4,705”

Schedule D, Page 4, Part XII, Line 4B

“Loss on disposal of assets -53,600 special event expenses -4,705”

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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0126107
IRS990/NetAssetsOrFundBalancesBOYAmt01645962
IRS990/NetAssetsOrFundBalancesEOYAmt02750224
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-53600
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-53600
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt04677
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt04677
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt02746
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt02746
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt057134
IRS990/OccupancyGrp/ProgramServicesAmt0161319
IRS990/OccupancyGrp/TotalAmt0218453
IRS990/OfficeExpensesGrp/ProgramServicesAmt015430
IRS990/OfficeExpensesGrp/TotalAmt015430
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt0959457
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06942
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0746310
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0753252
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2DUES AND FEES
IRS990/OtherExpensesGrp/Desc3TEXTBOOKS AND EQUIPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0121018
IRS990/OtherExpensesGrp/ProgramServicesAmt0105733
IRS990/OtherExpensesGrp/ProgramServicesAmt186299
IRS990/OtherExpensesGrp/ProgramServicesAmt223847
IRS990/OtherExpensesGrp/ProgramServicesAmt317489
IRS990/OtherExpensesGrp/TotalAmt0226751
IRS990/OtherExpensesGrp/TotalAmt186299
IRS990/OtherExpensesGrp/TotalAmt223847
IRS990/OtherExpensesGrp/TotalAmt317489
IRS990/OtherLiabilitiesGrp/BOYAmt01223035
IRS990/OtherLiabilitiesGrp/EOYAmt01159892
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0216
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03745926
IRS990/OtherSalariesAndWagesGrp/TotalAmt03746142
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0271626
IRS990/PayrollTaxesGrp/TotalAmt0271626
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0114319
IRS990/PensionPlanContributionsGrp/TotalAmt0114319
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt038754
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt066395
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt040164
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt056719
IRS990/PrincipalOfficerNm0NYMAN BROOKS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT ACTIVITIES AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0213966
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0213966
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt07524540
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt041690
IRS990/PYOtherExpensesAmt02234959
IRS990/PYOtherRevenueAmt010843
IRS990/PYProgramServiceRevenueAmt0209867
IRS990/PYRevenuesLessExpensesAmt0849659
IRS990/PYSalariesCompEmpBnftPaidAmt04702322
IRS990/PYTotalExpensesAmt06937281
IRS990/PYTotalRevenueAmt07786940
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01104262
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt02746
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0213966
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02098597
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03662365
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt010796998
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02929599
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013726597
IRS990ScheduleD/EquipmentGrp/BookValueAmt0187706
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0141956
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0329662
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-58305
IRS990ScheduleD/ExpensesSubtotalAmt07240783
IRS990ScheduleD/LandGrp/BookValueAmt02065795
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02065795
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0474864
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt095983
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0570847
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-58305
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt051936
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0196991
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0248927
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0743992
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1415900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNAMORTIZED BOND PREMIUM
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1BOND ISSUANCE COSTS PAYABLE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-58305
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-58305
IRS990ScheduleD/RevenueSubtotalAmt08345045
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LOSS ON DISPOSAL OF ASSETS -53,600 SPECIAL EVENT EXPENSES -4,705
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON DISPOSAL OF ASSETS -53,600 SPECIAL EVENT EXPENSES -4,705
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013577299
IRS990ScheduleD/TotalExpensesPerForm990Amt07182478
IRS990ScheduleD/TotalLiabilityAmt01159892
IRS990ScheduleD/TotalRevenuePerForm990Amt08286740
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08345045
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07240783
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
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 RECEIVED FEDERAL AND STATE FUNDS FOR OPERATIONS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02014-09-29
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0261275269
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum091754TJU8
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt016900000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0UTAH CHARTER FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0TO REFINANCE OUTSTANDING BONDS USED TO PURCHASE FACILITIES.
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt01049200
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0319346
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt0253500
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt012006234
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02014
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt017799331
IRS990ScheduleK/TaxExemptBondsProceedsGrp/WorkingCapitalExpendituresAmt04171051
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY IS PROVIDED TO THE BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ANNUALLY SIGN CONFLICT OF INTEREST STATEMENTS.

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,699,339
Liabilities
$16,949,115
Net assets
$2,750,224
Revenue
$8,286,740
Expenses
$7,182,478
Net income
$1,104,262
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$31.9$25.0$6.93$11.2$10.5$0.66
2023Detailed filing. Detailed filing data is available for this year.$32.0$25.7$6.26$9.36$9.17$0.19
2022Detailed filing. Detailed filing data is available for this year.$32.4$26.3$6.08$9.93$9.07$0.86
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.9$15.7$5.22$8.92$7.59$1.34
2020Detailed filing. Detailed filing data is available for this year.$21.1$17.2$3.88$8.69$7.56$1.13
2019Detailed filing. Detailed filing data is available for this year.$19.7$16.9$2.75$8.29$7.18$1.10
2018Detailed filing. Detailed filing data is available for this year.$19.6$17.9$1.65$7.79$6.94$0.85
2017Detailed filing. Detailed filing data is available for this year.$18.8$18.0$0.80$7.47$6.83$0.65
2016Summary only. Only limited summary data is available for this year.$18.4$18.3$0.15$6.69$6.52$0.18
2015Summary only. Only limited summary data is available for this year.$18.2$18.2$0.03$6.46$6.36$0.10
2014Summary only. Only limited summary data is available for this year.$13.8$13.6$0.23$6.62$6.47$0.14
2013Summary only. Only limited summary data is available for this year.$13.9$13.8$0.08$6.88$6.56$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.5$13.8$0.30$5.75
2011Summary only. Only limited summary data is available for this year.$13.3$13.8$0.49$5.07$5.14$0.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$13.8$0.42$4.88