Civic Intelligence

Utah Charter Academies Inc DBA American Preparatory Academy of Draper

990 • Fiscal year 2022 • EIN 68-0547532

Jul 01, 2021 to Jun 30, 2022 • Filed on May 09, 2023

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

91st percentile

0.95x

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

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

82nd percentile

1.60x

Higher debt load relative to revenue than 82% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

52nd percentile

7.5%

Higher net margin than 52% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

67th percentile

5.7%

Faster asset growth than 67% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

69th percentile

15%

Faster revenue growth than 69% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$92,151,541

Up $4,957,724 (+5.7%) from 2021

Net Assets

Up

$4,821,014

Up $4,124,012 (+592%) from 2021

Liabilities

Up

$87,330,527

Up $833,712 (+1.0%) from 2021

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin52nd percentile

Revenue

Up

$54,733,479

Up $7,275,434 (+15%) from 2021

Expenses

Up

$50,609,467

Up $1,092,623 (+2.2%) from 2021

Net Income

Up

$4,124,012

Up $6,182,811 (+300%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth67th 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

2022

Assets$92,151,541
Liabilities$87,330,527
Net Assets$4,821,014
Open 2022 Filing

Operations Trend

Revenue Growth69th 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

2022

Revenue$54,733,479
Expenses$50,609,467
Net Income$4,124,012
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 9, 2023
Return Version
2021v4.1
Gross Receipts
$54,733,479
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$57,058,011$57,806,474▲ $748,463
Investments Other Securities$17,062,751$17,536,673▲ $473,922
Cash and Non-Interest-Bearing Accounts$7,630,313$9,689,042▲ $2,058,729
Accounts Receivable$22,054$2,294,394▲ $2,272,340
Pledges and Grants Receivable$586,836$0▼ $586,836
Prepaid Expenses and Deferred Charges$51,030$26,086▼ $24,944
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$87,193,817$92,151,541▲ $4,957,724
Other Assets Total$4,782,822$4,798,872▲ $16,050
Liabilities
Tax Exempt Bond Liabilities$68,425,000$73,776,788▲ $5,351,788
Other Liabilities$7,000,018--
Mortgage Notes Payable Secured by Investment Property$4,580,275$6,034,609▲ $1,454,334
Accounts Payable and Accrued Expenses$3,606,851$4,591,378▲ $984,527
Unsecured Notes Loans Payable$2,785,918$2,507,326▼ $278,592
Deferred Revenue$98,753$420,426▲ $321,673
Total Liabilities$86,496,815$87,330,527▲ $833,712
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$697,002$4,821,014▲ $4,124,012
Total Net Assets Fund Balance$697,002$4,821,014▲ $4,124,012
Total Liabilities and Net Assets / Fund Balance$87,193,817$92,151,541▲ $4,957,724

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$42,540,280$10,369,518$52,909,798
Land$10,813,355-$10,813,355
Equipment$2,926,688$7,800,536$10,727,224
Leasehold Improvements$1,526,151$248,318$1,774,469
Other Assets Org$4,798,872--
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Aj Carpet Cleaning And ServicesCarpet Cleaning3530 FEULNER DRIVE, West Valley City, UT 84128-
American Preparatory SchoolsManagement Services9123 PERUVIAN CIRCLE, Sandy, UT 84093-
One Source Property MaintenanceLandscaping40 W WOODLAND RIDGE CIRCLE, Woodland Hills, UT 84653-
Stoel RivesLegal201 SOUTH MAIN ST, Salt Lake City, UT 84111-
Revenue and Support

Revenue Composition

Contributions and Grants
$53,358,711
Program Service Revenue
$1,196,200
Investment Income
$84,442
Other Revenue
$94,126
All Other Contributions
$56,028
Change in Net Assets
$4,124,012

Audited Revenue Reconciliation

Revenue per Audited Statements
$54,733,479
Total Revenue per Audited Statements
$54,733,479
Total Revenue per Form 990
$54,733,479
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$30,733,827
Other Expenses$19,875,640
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$20,460,938$4,491,425-$24,952,363
Fees for Services Management-$6,562,663-$6,562,663
Other Employee Benefits$2,393,662$841,016-$3,234,678
Interest$2,148,121$1,058,029-$3,206,150
Fees for Services Other$1,867,857$845,262-$2,713,119
Depreciation Depletion$1,681,262$791,182-$2,472,444
Payroll Taxes$1,590,465$196,574-$1,787,039
Occupancy$872,520$713,880-$1,586,400
Pension Plan Contributions$676,175$83,572-$759,747
All Other Expenses$245,709$124,840-$370,549
Other Expenses$277,939--$277,939
Insurance$258,859--$258,859
Office Expenses$44,890$54,866-$99,756
Advertising$64,028--$64,028
Total Functional Expenses$34,846,158$15,763,309$0$50,609,467

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$50,609,467
Total Expenses per Audited Statements$50,609,467
Total Expenses per Form 990$50,609,467
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
BUtah Charter School Finan2018-06-06$41,935,000SEE PART VI
AUtah Charter School Finan2015-07-08$29,590,000SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$46,490,257---
A$29,590,000--$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, Part VI, Line 3: Description of Delegated Duties to Management Company

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

Form 990, Part VI, Line 11B: Form 990 Review Process

“Executive director and cfo review prior to filing”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

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

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

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

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“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

Signing Officer

Name
Carolyn Sharette
Title
Executive Director
Signed
2023-05-09
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
Gilbert & Stewart
Address
190 West 800 North Suite 100, Provo, UT 84601
Preparer
James a Gilbert CPA
Phone
8013775300
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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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IRS990/Form990PartVIISectionAGrp/TitleTxt4Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt6CFO
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IRS990/FormationYr02003
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IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt053302683
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt054733479
IRS990/GrossRentsGrp/RealAmt094126
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IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ProgramServicesAmt0258859
IRS990/InsuranceGrp/TotalAmt0258859
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt01058029
IRS990/InterestGrp/ProgramServicesAmt02148121
IRS990/InterestGrp/TotalAmt03206150
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt084442
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt084442
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt017062751
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt017536673
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt033
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt018418372
IRS990/LandBldgEquipBasisNetGrp/BOYAmt057058011
IRS990/LandBldgEquipBasisNetGrp/EOYAmt057806474
IRS990/LandBldgEquipCostOrOtherBssAmt076224846
IRS990/LegalDomicileStateCd0UT
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/BOYAmt04580275
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06034609
IRS990/NetAssetsOrFundBalancesBOYAmt0697002
IRS990/NetAssetsOrFundBalancesEOYAmt04821014
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt094126
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt094126
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0697002
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04821014
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0713880
IRS990/OccupancyGrp/ProgramServicesAmt0872520
IRS990/OccupancyGrp/TotalAmt01586400
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt054866
IRS990/OfficeExpensesGrp/ProgramServicesAmt044890
IRS990/OfficeExpensesGrp/TotalAmt099756
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0true
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04782822
IRS990/OtherAssetsTotalGrp/EOYAmt04798872
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0841016
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02393662
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03234678
IRS990/OtherExpensesGrp/Desc0TEXTBOOKS AND SOFTWARE
IRS990/OtherExpensesGrp/Desc1FOOD
IRS990/OtherExpensesGrp/Desc2Printing and Publications
IRS990/OtherExpensesGrp/Desc3DUES AND FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt01095907
IRS990/OtherExpensesGrp/ProgramServicesAmt1779077
IRS990/OtherExpensesGrp/ProgramServicesAmt2388749
IRS990/OtherExpensesGrp/ProgramServicesAmt3277939
IRS990/OtherExpensesGrp/TotalAmt01095907
IRS990/OtherExpensesGrp/TotalAmt1779077
IRS990/OtherExpensesGrp/TotalAmt2388749
IRS990/OtherExpensesGrp/TotalAmt3277939
IRS990/OtherLiabilitiesGrp/BOYAmt07000018
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04491425
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt020460938
IRS990/OtherSalariesAndWagesGrp/TotalAmt024952363
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0196574
IRS990/PayrollTaxesGrp/ProgramServicesAmt01590465
IRS990/PayrollTaxesGrp/TotalAmt01787039
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt083572
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0676175
IRS990/PensionPlanContributionsGrp/TotalAmt0759747
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0586836
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt051030
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026086
IRS990/PrincipalOfficerNm0CAROLYN SHARETTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0DAYCARE FEES
IRS990/ProgramServiceRevenueGrp/Desc1SCHOOL LUNCH FEES
IRS990/ProgramServiceRevenueGrp/Desc2STUDENT ACTIVITIES FEES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0482011
IRS990/ProgramServiceRevenueGrp/ExclusionAmt1172
IRS990/ProgramServiceRevenueGrp/ExclusionAmt2714017
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0482011
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1172
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2714017
IRS990/ProgSrvcAccomActy2Grp/Desc0TO OPERATE A SCHOOL LUNCH PROGRAM SERVING STUDENTS AND FACULTY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01231384
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt046272920
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0137986
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt019184812
IRS990/PYOtherRevenueAmt052255
IRS990/PYProgramServiceRevenueAmt0994884
IRS990/PYRevenuesLessExpensesAmt0-2058799
IRS990/PYSalariesCompEmpBnftPaidAmt030332032
IRS990/PYTotalExpensesAmt049516844
IRS990/PYTotalRevenueAmt047458045
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt04124012
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt094126
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt042540280
IRS990ScheduleD/BuildingsGrp/DepreciationAmt010369518
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt052909798
IRS990ScheduleD/EquipmentGrp/BookValueAmt02926688
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07800536
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010727224
IRS990ScheduleD/ExpensesSubtotalAmt050609467
IRS990ScheduleD/LandGrp/BookValueAmt010813355
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010813355
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01526151
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0248318
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01774469
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04798872
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/RevenueSubtotalAmt054733479
IRS990ScheduleD/TotalBookValueLandBuildingsAmt057806474
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04798872
IRS990ScheduleD/TotalBookValueSecuritiesAmt017536673
IRS990ScheduleD/TotalExpensesPerForm990Amt050609467
IRS990ScheduleD/TotalRevenuePerForm990Amt054733479
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt054733479
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt050609467
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 74-50 AS LONG AS THE SCHOOL'S CHARTER AGREEMENT WITH THE STATE OF UTAH REMAINS IN EFFECT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1SCH E - FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATIONTHE SCHOOL RECIEVES STATE AND FEDERAL GRANTS TO OPERATE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd1false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0SCHEDULE K - PURPOSE OF ISSUE DESCRIPTION UTAH CHARTER SCHOOL FINANCE AUTHORITYQUALIFIED SCHOOL CONSTRUCTION BONDS. UTAH CHARTER SCHOOL FINANCE AUTHORITYQUALIFIED SCHOOL CONSTRUCTION AND RETIRING OF OTHER DEBTS.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd1false

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$92,151,541
Liabilities
$87,330,527
Net assets
$4,821,014
Revenue
$54,733,479
Expenses
$50,609,467
Net income
$4,124,012
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
2022Detailed filing. Detailed filing data is available for this year.$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
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