Civic Intelligence

Utah Charter Academies Inc DBA American Preparatory Academy of Draper

990 • Fiscal year 2019 • EIN 68-0547532

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 08, 2020

Organization ProfileWWW.AMERICANPREP.ORG

View Organization Page

3636 West 3100 SouthWest Valley City, UT 84119

(801) 553-8500

Siviq Scores

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

Liabilities / Assets

89th percentile

0.92x

Higher debt load relative to assets than 89% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

84th percentile

2.10x

Higher debt load relative to revenue than 84% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

29th percentile

-1.0%

Higher net margin than 29% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

5th percentile

$0

Higher top officer pay than 5% of similar nonprofits.

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

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Asset Growth

12th percentile

-4.3%

Faster asset growth than 12% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

42nd percentile

1.4%

Faster revenue growth than 42% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$94,286,840

Down $4,223,957 (-4.3%) from 2018

Net Assets

Down

$7,523,149

Down $4,189,819 (-36%) from 2018

Liabilities

Down

$86,763,691

Down $34,138 (-0.0%) from 2018

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin29th percentile

Revenue

Up

$41,244,624

Up $560,840 (+1.4%) from 2018

Expenses

Up

$41,656,015

Up $4,616,487 (+12%) from 2018

Net Income

Down

-$411,391

Down $4,055,647 (-111%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$100M$50M$0Assets 2010: $9,153,733Liabilities 2010: $8,383,476Net Assets 2010: $770,2572010Assets 2011: $12,935,469Liabilities 2011: $10,708,775Net Assets 2011: $2,226,6942011Assets 2012: $11,770,886Liabilities 2012: $9,110,875Net Assets 2012: $2,660,0112012Assets 2013: $12,706,267Liabilities 2013: $9,372,085Net Assets 2013: $3,334,1822013Assets 2014: $14,145,230Liabilities 2014: $9,817,765Net Assets 2014: $4,327,4652014Assets 2015: $15,197,107Liabilities 2015: $10,187,532Net Assets 2015: $5,009,5752015Assets 2016: $46,334,448Liabilities 2016: $40,633,407Net Assets 2016: $5,701,0412016Assets 2017: $64,167,692Liabilities 2017: $56,098,980Net Assets 2017: $8,068,7122017Assets 2018: $98,510,797Liabilities 2018: $86,797,829Net Assets 2018: $11,712,9682018Assets 2019: $94,286,840Liabilities 2019: $86,763,691Net Assets 2019: $7,523,1492019Assets 2020: $93,349,501Liabilities 2020: $85,158,868Net Assets 2020: $8,190,6332020Assets 2021: $87,193,817Liabilities 2021: $86,496,815Net Assets 2021: $697,0022021Assets 2022: $92,151,541Liabilities 2022: $87,330,527Net Assets 2022: $4,821,0142022Assets 2023: $93,612,412Liabilities 2023: $85,098,820Net Assets 2023: $8,513,5922023Assets 2024: $94,981,894Liabilities 2024: $84,572,777Net Assets 2024: $10,409,1172024

Highlighted filing

2019

Assets$94,286,840
Liabilities$86,763,691
Net Assets$7,523,149
Open 2019 Filing

Operations Trend

Revenue Growth42nd percentile

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

$60M$40M$20M$0-$20MExpenses 2010: $6,642,0382010Revenue 2011: $9,262,592Expenses 2011: $7,806,155Net Income 2011: $1,456,4372011Expenses 2012: $11,689,3892012Expenses 2013: $14,506,4712013Revenue 2014: $22,865,514Expenses 2014: $21,872,231Net Income 2014: $993,2832014Revenue 2015: $23,716,703Expenses 2015: $23,034,593Net Income 2015: $682,1102015Revenue 2016: $26,404,290Expenses 2016: $25,712,824Net Income 2016: $691,4662016Revenue 2017: $32,866,273Expenses 2017: $30,498,602Net Income 2017: $2,367,6712017Revenue 2018: $40,683,784Expenses 2018: $37,039,528Net Income 2018: $3,644,2562018Revenue 2019: $41,244,624Expenses 2019: $41,656,015Net Income 2019: -$411,3912019Revenue 2020: $46,330,384Expenses 2020: $45,662,900Net Income 2020: $667,4842020Revenue 2021: $47,458,045Expenses 2021: $49,516,844Net Income 2021: -$2,058,7992021Revenue 2022: $54,733,479Expenses 2022: $50,609,467Net Income 2022: $4,124,0122022Revenue 2023: $56,374,033Expenses 2023: $52,681,455Net Income 2023: $3,692,5782023Revenue 2024: $59,625,890Expenses 2024: $57,730,365Net Income 2024: $1,895,5252024

Highlighted filing

2019

Revenue$41,244,624
Expenses$41,656,015
Net Income-$411,391
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 8, 2020
Return Version
2018v3.2
Gross Receipts
$41,244,624
Mission and Program Overview

Mission

To ensure each student achieves maximum academic success by teaching skills to mastery levels, imparting valuable knowledge, transmitting common culture that binds us as a nation, and exposing children to supreme examples of artistic and intellectual achievement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$60,482,955$59,890,969▼ $591,986
Investments Other Securities$19,563,409$20,093,778▲ $530,369
Other Notes and Loans Receivable, Net$3,778,428--
Savings and Temporary Cash Investments$3,347,139$3,398,769▲ $51,630
Cash and Non-Interest-Bearing Accounts$5,194,591$2,266,571▼ $2,928,020
Pledges and Grants Receivable$55,564$1,424,082▲ $1,368,518
Prepaid Expenses and Deferred Charges$234,871$219,387▼ $15,484
Accounts Receivable$12,701$73,923▲ $61,222
Total Assets$98,510,797$94,286,840▼ $4,223,957
Other Assets Total$5,841,139$6,919,361▲ $1,078,222
Liabilities
Tax Exempt Bond Liabilities$71,525,000$70,965,000▼ $560,000
Other Liabilities$8,029,165$7,702,430▼ $326,735
Mortgage Notes Payable Secured by Investment Property$4,916,873$4,808,846▼ $108,027
Accounts Payable and Accrued Expenses$2,326,791$2,801,551▲ $474,760
Deferred Revenue-$485,864-
Total Liabilities$86,797,829$86,763,691▼ $34,138
Net Assets / Fund Balance
Unrestricted Net Assets$11,712,968$7,523,149▼ $4,189,819
Total Net Assets Fund Balance$11,712,968$7,523,149▼ $4,189,819
Total Liabilities and Net Assets / Fund Balance$98,510,797$94,286,840▼ $4,223,957

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$46,342,764$6,321,230$52,663,994
Land$10,813,555-$10,813,555
Equipment$2,734,650$4,666,565$7,401,215
Other Assets Org$1,281,374--
Other Securities$20,093,778--
Compensation and Service Providers
Top Officer Pay5th percentile

Board Members and Trustees

NameTitle
Clay HatchChairman
Phil CollinsCFO
Brad BlanchartMember
Dee HendersonMember
Rick PetersonMember
Stephanie HendersonMember
Ted HeapMember
Thomas YoungMember

Highest Paid Contractors

ContractorServicesLocationCompensation
American Preparatory SchoolsMgmt Svcs9123 PERUVIAN CIRCLE, Sandy, UT 84093$6,051,582
Aj Carpet Cleaning And ServicesCarpet Cleaning3530 FEULNER DRIVE, West Valley City, UT 84128$284,314
Revenue and Support

Revenue Composition

Contributions and Grants
$39,155,152
Program Service Revenue
$1,576,390
Investment Income
$513,082
Other Revenue
$0
All Other Contributions
$4,203
Change in Net Assets
$-411,391
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$23,663,848
Other Expenses$17,992,167
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$17,477,849$1,237,055-$18,714,904
Fees for Services Other$929,787$6,424,722-$7,354,509
Interest$2,571,522$901,476-$3,472,998
Other Employee Benefits$2,650,807$354,643-$3,005,450
Depreciation Depletion$1,765,468$607,483-$2,372,951
Payroll Taxes$1,208,506$161,682-$1,370,188
Occupancy$497,622$690,449-$1,188,071
Pension Plan Contributions$505,656$67,650-$573,306
Travel$392,081--$392,081
Other Expenses$334,662$176,601-$334,662
Conferences and Meetings$221,458--$221,458
Fees for Services Legal-$72,893-$72,893
Fees for Services Accounting-$43,500-$43,500
All Other Expenses$14,455$14,620-$29,075
Total Functional Expenses$30,903,241$10,752,774$0$41,656,015
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
Unamortized Bond Premium$7,702,430

Bond Issues

BondIssuerIssuedIssue PricePurpose
BUtah Charter School Finance Authori2018-06-06$41,935,000Qualified school construction and retiring of other debts.
AUtah Charter School Finance Authori2015-07-08$29,590,000Qualified school construction bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$46,490,257---
A$29,950,945--$844,655

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
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Organization delegates control over to a management group (american preparatory services, inc.) to perform many fiscal and administrative services.”

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

“Once the return has been prepared, it will be reviewed by management.”

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

“Management company develops the annual budget, including compensation of school employees. Approved by the board.”

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

“Management company develops the annual budget, including compensation for key employees. Approved by the board.”

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Utah Charter Academies Inc
EIN
68-0547532
Phone
8015538500
Address
3636 WEST 3100 SOUTH, WEST VALLEY CITY, UT 84119
Doing Business As
American Preparatory Academy

Signing Officer

Name
Phil Collins
Title
CFO
Phone
8015538500
Signed
2020-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Phil Collins
Formed
2003
Legal Domicile
Ut
Voting Board Members
7
Independent Board Members
7
Employees
955
Volunteers
1,500

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 - ORGANIZATION'S MISSION

“To ensure each student achieves maximum academic success by teaching skills to mastery levels, imparting valuable knowledge, transmitting common culture that binds us as a nation, and exposing children to supreme examples of artistic and intellectual achievement.”

Form 990, Part IX, Line 11G

“Other fees 929,787 6,424,722 0”

Form 990, Part XI, Line 9

“Elimination of uca prop receivables -3,778,428 the school was owed by supporting organizations. With the transfer of the buildings to the school and the retirement of the related debt, it was best to simply eliminate the amount owed by the supporting organizations.”

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IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04916873
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04808846
IRS990/NetAssetsOrFundBalancesBOYAmt011712968
IRS990/NetAssetsOrFundBalancesEOYAmt07523149
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0690449
IRS990/OccupancyGrp/ProgramServicesAmt0497622
IRS990/OccupancyGrp/TotalAmt01188071
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05841139
IRS990/OtherAssetsTotalGrp/EOYAmt06919361
IRS990/OtherChangesInNetAssetsAmt0-3778428
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0354643
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02650807
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03005450
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1FOOD
IRS990/OtherExpensesGrp/Desc2TEXTBOOKS AND EQUIPMENT
IRS990/OtherExpensesGrp/Desc3DUES AND FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0176601
IRS990/OtherExpensesGrp/ProgramServicesAmt01186078
IRS990/OtherExpensesGrp/ProgramServicesAmt1761791
IRS990/OtherExpensesGrp/ProgramServicesAmt2385499
IRS990/OtherExpensesGrp/ProgramServicesAmt3334662
IRS990/OtherExpensesGrp/TotalAmt01362679
IRS990/OtherExpensesGrp/TotalAmt1761791
IRS990/OtherExpensesGrp/TotalAmt2385499
IRS990/OtherExpensesGrp/TotalAmt3334662
IRS990/OtherLiabilitiesGrp/BOYAmt08029165
IRS990/OtherLiabilitiesGrp/EOYAmt07702430
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01237055
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt017477849
IRS990/OtherSalariesAndWagesGrp/TotalAmt018714904
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03778428
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0161682
IRS990/PayrollTaxesGrp/ProgramServicesAmt01208506
IRS990/PayrollTaxesGrp/TotalAmt01370188
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt067650
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0505656
IRS990/PensionPlanContributionsGrp/TotalAmt0573306
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt055564
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01424082
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0234871
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0219387
IRS990/PrincipalOfficerNm0PHIL COLLINS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES AND ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc1SCHOOL LUNCH
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01466103
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1110287
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01466103
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1110287
IRS990/ProgSrvcAccomActy2Grp/Desc0TO OPERATE A SCHOOL LUNCH PROGRAM SERVING STUDENTS AND FACULTY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01282012
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0110287
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt039300353
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0130733
IRS990/PYOtherExpensesAmt015823156
IRS990/PYProgramServiceRevenueAmt01252698
IRS990/PYRevenuesLessExpensesAmt03644256
IRS990/PYSalariesCompEmpBnftPaidAmt021216372
IRS990/PYTotalExpensesAmt037039528
IRS990/PYTotalRevenueAmt040683784
IRS990/ReconcilationRevenueExpnssAmt0-411391
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01466103
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03347139
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03398769
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt046342764
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06321230
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt052663994
IRS990ScheduleD/EquipmentGrp/BookValueAmt02734650
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04666565
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt07401215
IRS990ScheduleD/LandGrp/BookValueAmt010813555
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010813555
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05637987
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11281374
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UNAMORTIZED BOND ISSUANCE COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07702430
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNAMORTIZED BOND PREMIUM
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt020093778
IRS990ScheduleD/OtherSecuritiesGrp/Desc0RESTRICTED BOND INVESTMENT ACCOUNTS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt059890969
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06919361
IRS990ScheduleD/TotalBookValueSecuritiesAmt020093778
IRS990ScheduleD/TotalLiabilityAmt07702430
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 THE SCHOOL'S CHARTER AGREEMENT WITH THE STATE OF UTAH REMAINS IN EFFECT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES STATE AND FEDERAL GRANTS TO OPERATE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd1true
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02015-07-08
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12018-06-06
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0261275269
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1261275269
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum091754TLN1
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum191754TWL3
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt029590000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt141935000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0UTAH CHARTER SCHOOL FINANCE AUTHORI
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1UTAH CHARTER SCHOOL FINANCE AUTHORI
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0true
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0QUALIFIED SCHOOL CONSTRUCTION BONDS
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1QUALIFIED SCHOOL CONSTRUCTION AND RETIRING OF OTHER DEBTS.
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0true
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd1true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd1true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt027570629
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt112846286
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CreditEnhancementAmt0629025
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt01800616
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt12722350
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0844655
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingEscrowAmt029417941
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$94,286,840
Liabilities
$86,763,691
Net assets
$7,523,149
Revenue
$41,244,624
Expenses
$41,656,015
Net income
-$411,391
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.0$84.6$10.4$59.6$57.7$1.90
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$93.6$85.1$8.51$56.4$52.7$3.69
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$92.2$87.3$4.82$54.7$50.6$4.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$87.2$86.5$0.70$47.5$49.5$2.06
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$93.3$85.2$8.19$46.3$45.7$0.67
2019Detailed filing. Detailed filing data is available for this year.$94.3$86.8$7.52$41.2$41.7$0.41
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$98.5$86.8$11.7$40.7$37.0$3.64
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$64.2$56.1$8.07$32.9$30.5$2.37
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.3$40.6$5.70$26.4$25.7$0.69
2015Detailed filing. Detailed filing data is available for this year.$15.2$10.2$5.01$23.7$23.0$0.68
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.1$9.82$4.33$22.9$21.9$0.99
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.7$9.37$3.33$14.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$9.11$2.66$11.7
2011Summary only. Only limited summary data is available for this year.$12.9$10.7$2.23$9.26$7.81$1.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.15$8.38$0.77$6.64