Civic Intelligence

Utah Charter Academies Inc DBA American Preparatory Academy of Draper

990 • Fiscal year 2021 • EIN 68-0547532

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 08, 2022

Organization ProfileWWW.AMERICANPREP.ORG

View Organization Page

12894 S Pony Express RoadDraper, UT 84020

(801) 553-8500

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.99x

Higher debt load relative to assets than 93% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

84th percentile

1.82x

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

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

14th percentile

-4.3%

Higher net margin than 14% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

7th percentile

-6.6%

Faster asset growth than 7% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

32nd percentile

2.4%

Faster revenue growth than 32% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$87,193,817

Down $6,155,684 (-6.6%) from 2020

Net Assets

Down

$697,002

Down $7,493,631 (-91%) from 2020

Liabilities

Up

$86,496,815

Up $1,337,947 (+1.6%) from 2020

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin14th percentile

Revenue

Up

$47,458,045

Up $1,127,661 (+2.4%) from 2020

Expenses

Up

$49,516,844

Up $3,853,944 (+8.4%) from 2020

Net Income

Down

-$2,058,799

Down $2,726,283 (-408%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth7th 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

2021

Assets$87,193,817
Liabilities$86,496,815
Net Assets$697,002
Open 2021 Filing

Operations Trend

Revenue Growth32nd 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

2021

Revenue$47,458,045
Expenses$49,516,844
Net Income-$2,058,799
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 8, 2022
Return Version
2020v4.0
Gross Receipts
$47,484,393
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$58,998,282$57,058,011▼ $1,940,271
Investments Other Securities$16,904,280$17,062,751▲ $158,471
Cash and Non-Interest-Bearing Accounts$2,172,752$7,630,313▲ $5,457,561
Savings and Temporary Cash Investments$4,536,392--
Pledges and Grants Receivable$515,244$586,836▲ $71,592
Prepaid Expenses and Deferred Charges$15,568$51,030▲ $35,462
Accounts Receivable$9,756$22,054▲ $12,298
Total Assets$93,349,501$87,193,817▼ $6,155,684
Other Assets Total$10,197,227$4,782,822▼ $5,414,405
Liabilities
Tax Exempt Bond Liabilities$69,715,000$68,425,000▼ $1,290,000
Other Liabilities$7,377,818$7,000,018▼ $377,800
Mortgage Notes Payable Secured by Investment Property$4,697,314$4,580,275▼ $117,039
Accounts Payable and Accrued Expenses$2,924,700$3,606,851▲ $682,151
Unsecured Notes Loans Payable-$2,785,918-
Deferred Revenue$444,036$98,753▼ $345,283
Total Liabilities$85,158,868$86,496,815▲ $1,337,947
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,190,633$697,002▼ $7,493,631
Total Net Assets Fund Balance$8,190,633$697,002▼ $7,493,631
Total Liabilities and Net Assets / Fund Balance$93,349,501$87,193,817▼ $6,155,684

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$43,640,159$9,023,836$52,663,995
Land$10,813,555-$10,813,555
Equipment$2,604,297$6,922,092$9,526,389
Other Assets Org$4,782,822--
Other Securities$17,062,751--
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Dee HendersonChairman
Ted HeapVice Chair
Casey CrellinCFO
Carolyn SharetteExecutive Di
Brad BlanchartMember
Stephanie HendersonSecretary
Thomas YoungTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
American Preparatory SchoolsMgmt Svcs9123 PERUVIAN CIRCLE, SUITE 1100, Sandy, UT 84093$6,374,680
Aj Carpet Cleaning And ServicesCarpet Cleaning3530 FEULNER DRIVE, West Valley City, UT 84128$273,569
Stoel RivesLegal201 SOUTH MAIN ST, Salt Lake City, UT 84111$133,175
One Source Property MaintenanceLandscaping40 W WOODLAND RIDGE CIRCLE, Woodland Hills, UT 84653$114,841
Revenue and Support

Revenue Composition

Contributions and Grants
$46,272,920
Program Service Revenue
$994,884
Investment Income
$137,986
Other Revenue
$52,255
All Other Contributions
$12,418
Change in Net Assets
$-2,058,799

Audited Revenue Reconciliation

Revenue per Audited Statements
$47,458,045
Total Revenue per Audited Statements
$47,458,045
Total Revenue per Form 990
$47,458,045
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$30,332,032
Other Expenses$19,184,812
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$19,958,782$4,347,395-$24,306,177
Fees for Services Management-$6,374,680-$6,374,680
Other Employee Benefits$2,563,205$913,869-$3,477,074
Interest$2,143,182$1,067,844-$3,211,026
Depreciation Depletion$1,637,598$815,936-$2,453,534
Payroll Taxes$1,581,492$180,616-$1,762,108
Fees for Services Other$579,191$633,599-$1,212,790
Occupancy$556,003$400,468-$956,471
Pension Plan Contributions$706,039$80,634-$786,673
Information Technology$69,590$394,345-$463,935
All Other Expenses$245,306--$245,306
Fees for Services Legal-$210,559-$210,559
Insurance$210,494--$210,494
Conferences and Meetings$207,108--$207,108
Travel$204,705--$204,705
Other Expenses$192,608$958,427-$192,608
Office Expenses$67,260$88,753-$156,013
Advertising$52,034--$52,034
Total Functional Expenses$33,049,719$16,467,125$0$49,516,844

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$49,516,844
Total Expenses per Audited Statements$49,516,844
Total Expenses per Form 990$49,516,844
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$7,000,018

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 35% controlled entity
No
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Many fiscal and administrative services are perfomed by american preparatory services, inc.”

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

“Executive director and cfo review prior to filing.”

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
12894 S PONY EXPRESS ROAD, DRAPER, UT 84020
Doing Business As
American Preparatory Academy

Signing Officer

Name
Carolyn Sharette
Title
Executive Director
Phone
8015538500
Signed
2022-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolyn Sharette
Formed
2003
Legal Domicile
Ut
Voting Board Members
5
Independent Board Members
5
Employees
985
Volunteers
2,000

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 XI, Line 9

“Removal of bond and note issuance costs -5,434,832”

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IRS990/GovernmentGrantsAmt046260502
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt062280
IRS990/GrossReceiptsAmt047484393
IRS990/GrossRentsGrp/RealAmt052255
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0394345
IRS990/InformationTechnologyGrp/ProgramServicesAmt069590
IRS990/InformationTechnologyGrp/TotalAmt0463935
IRS990/InsuranceGrp/ProgramServicesAmt0210494
IRS990/InsuranceGrp/TotalAmt0210494
IRS990/InterestGrp/ManagementAndGeneralAmt01067844
IRS990/InterestGrp/ProgramServicesAmt02143182
IRS990/InterestGrp/TotalAmt03211026
IRS990/InvestmentIncomeGrp/ExclusionAmt0102054
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0102054
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt016904280
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt017062751
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt033
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt015945928
IRS990/LandBldgEquipBasisNetGrp/BOYAmt058998282
IRS990/LandBldgEquipBasisNetGrp/EOYAmt057058011
IRS990/LandBldgEquipCostOrOtherBssAmt073003939
IRS990/LegalDomicileStateCd0UT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt026348
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04697314
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04580275
IRS990/NetAssetsOrFundBalancesBOYAmt08190633
IRS990/NetAssetsOrFundBalancesEOYAmt0697002
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt035932
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt035932
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt052255
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt052255
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt08190633
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0697002
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0400468
IRS990/OccupancyGrp/ProgramServicesAmt0556003
IRS990/OccupancyGrp/TotalAmt0956471
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt088753
IRS990/OfficeExpensesGrp/ProgramServicesAmt067260
IRS990/OfficeExpensesGrp/TotalAmt0156013
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010197227
IRS990/OtherAssetsTotalGrp/EOYAmt04782822
IRS990/OtherChangesInNetAssetsAmt0-5434832
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0913869
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02563205
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03477074
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1FOOD
IRS990/OtherExpensesGrp/Desc2TEXTBOOKS AND EQUIPMENT
IRS990/OtherExpensesGrp/Desc3DUES AND FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0958427
IRS990/OtherExpensesGrp/ProgramServicesAmt0291653
IRS990/OtherExpensesGrp/ProgramServicesAmt11116202
IRS990/OtherExpensesGrp/ProgramServicesAmt2667267
IRS990/OtherExpensesGrp/ProgramServicesAmt3192608
IRS990/OtherExpensesGrp/TotalAmt01250080
IRS990/OtherExpensesGrp/TotalAmt11116202
IRS990/OtherExpensesGrp/TotalAmt2667267
IRS990/OtherExpensesGrp/TotalAmt3192608
IRS990/OtherLiabilitiesGrp/BOYAmt07377818
IRS990/OtherLiabilitiesGrp/EOYAmt07000018
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04347395
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt019958782
IRS990/OtherSalariesAndWagesGrp/TotalAmt024306177
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0180616
IRS990/PayrollTaxesGrp/ProgramServicesAmt01581492
IRS990/PayrollTaxesGrp/TotalAmt01762108
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt080634
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0706039
IRS990/PensionPlanContributionsGrp/TotalAmt0786673
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0515244
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0586836
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015568
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt051030
IRS990/PrincipalOfficerNm0CAROLYN SHARETTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT ACTIVITIES FEES
IRS990/ProgramServiceRevenueGrp/Desc1DAYCARE FEES
IRS990/ProgramServiceRevenueGrp/Desc2SCHOOL LUNCH FEES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0772399
IRS990/ProgramServiceRevenueGrp/ExclusionAmt1222273
IRS990/ProgramServiceRevenueGrp/ExclusionAmt2212
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0772399
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1222273
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2212
IRS990/ProgSrvcAccomActy2Grp/Desc0TO OPERATE A SCHOOL LUNCH PROGRAM SERVING STUDENTS AND FACULTY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01691091
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0212
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt044644900
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0433002
IRS990/PYOtherExpensesAmt018079787
IRS990/PYProgramServiceRevenueAmt01252482
IRS990/PYRevenuesLessExpensesAmt0667484
IRS990/PYSalariesCompEmpBnftPaidAmt027583113
IRS990/PYTotalExpensesAmt045662900
IRS990/PYTotalRevenueAmt046330384
IRS990/ReconcilationRevenueExpnssAmt0-2058799
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt052255
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0994672
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04536392
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt043640159
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09023836
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt052663995
IRS990ScheduleD/EquipmentGrp/BookValueAmt02604297
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06922092
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09526389
IRS990ScheduleD/ExpensesSubtotalAmt049516844
IRS990ScheduleD/LandGrp/BookValueAmt010813555
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010813555
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04782822
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07000018
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNAMORTIZED BOND PREMIUM
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt017062751
IRS990ScheduleD/OtherSecuritiesGrp/Desc0RESTRICTED BOND INVESTMENT ACCOUNTS
IRS990ScheduleD/RevenueSubtotalAmt047458045
IRS990ScheduleD/TotalBookValueLandBuildingsAmt057058011
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04782822
IRS990ScheduleD/TotalBookValueSecuritiesAmt017062751
IRS990ScheduleD/TotalExpensesPerForm990Amt049516844
IRS990ScheduleD/TotalLiabilityAmt07000018
IRS990ScheduleD/TotalRevenuePerForm990Amt047458045
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt047458045
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt049516844
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/SupplementalInformationDetail/ExplanationTxt0UTAH CHARTER SCHOOL FINANCE AUTHORIT QUALIFIED SCHOOL CONSTRUCTION BONDS
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt1UTAH CHARTER SCHOOL FINANCE AUTHORIT QUALIFIED SCHOOL CONSTRUCTION AND RETIRING OF OTHER DEBTS.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PURPOSE OF ISSUE DESCRIPTION
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc1PURPOSE OF ISSUE DESCRIPTION
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

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$87,193,817
Liabilities
$86,496,815
Net assets
$697,002
Revenue
$47,458,045
Expenses
$49,516,844
Net income
-$2,058,799
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
2021Detailed filing. Detailed filing data is available for this year.$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
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$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
Peer Organizations

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