Civic Intelligence

Salt Lake Arts Academy

990 • Fiscal year 2018 • EIN 73-1639325

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 15, 2018

Organization ProfileWWW.SALTLAKEARTSACADEMY.ORG
844 South 200 EastSalt Lake City, UT 84111

(801) 531-1173

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.02x

Higher debt load relative to assets than 92% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

1.48x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

41st percentile

0.2%

Higher net margin than 41% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

68th percentile

$99,069

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

50th percentile

0.9%

Faster asset growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

59th percentile

7.9%

Faster revenue growth than 59% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$4,774,905

Up $43,887 (+0.9%) from 2017

Net Assets

Up

-$87,347

Up $6,135 (+6.6%) from 2017

Liabilities

Up

$4,862,252

Up $37,752 (+0.8%) from 2017

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin41st percentile

Revenue

Up

$3,294,686

Up $240,197 (+7.9%) from 2017

Expenses

Up

$3,288,551

Up $245,793 (+8.1%) from 2017

Net Income

Down

$6,135

Down $5,596 (-48%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$10M$5.0M$0-$5.0MAssets 2011: $306,710Liabilities 2011: $206,520Net Assets 2011: $100,1902011Assets 2012: $4,927,283Liabilities 2012: $4,970,269Net Assets 2012: -$42,9862012Assets 2013: $4,846,321Liabilities 2013: $4,993,121Net Assets 2013: -$146,8002013Assets 2014: $4,802,885Liabilities 2014: $4,905,322Net Assets 2014: -$102,4372014Assets 2015: $4,755,222Liabilities 2015: $4,861,251Net Assets 2015: -$106,0292015Assets 2016: $4,794,458Liabilities 2016: $4,899,671Net Assets 2016: -$105,2132016Assets 2017: $4,731,018Liabilities 2017: $4,824,500Net Assets 2017: -$93,4822017Assets 2018: $4,774,905Liabilities 2018: $4,862,252Net Assets 2018: -$87,3472018Assets 2019: $4,812,472Liabilities 2019: $4,887,047Net Assets 2019: -$74,5752019Assets 2020: $7,708,896Liabilities 2020: $8,024,637Net Assets 2020: -$315,7412020Assets 2021: $6,750,209Liabilities 2021: $8,033,306Net Assets 2021: -$1,283,0972021Assets 2022: $7,092,046Liabilities 2022: $7,829,345Net Assets 2022: -$737,2992022Assets 2023: $6,588,535Liabilities 2023: $7,291,931Net Assets 2023: -$703,3962023Assets 2024: $6,898,442Liabilities 2024: $7,280,306Net Assets 2024: -$381,8642024Assets 2025: $7,058,009Liabilities 2025: $7,128,798Net Assets 2025: -$70,7892025

Highlighted filing

2018

Assets$4,774,905
Liabilities$4,862,252
Net Assets-$87,347
Open 2018 Filing

Operations Trend

Revenue Growth59th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,942,534Expenses 2011: $1,991,058Net Income 2011: -$48,5242011Expenses 2012: $2,208,0752012Revenue 2013: $2,266,834Expenses 2013: $2,370,648Net Income 2013: -$103,8142013Revenue 2014: $2,707,670Expenses 2014: $2,663,307Net Income 2014: $44,3632014Revenue 2015: $2,796,128Expenses 2015: $2,799,720Net Income 2015: -$3,5922015Revenue 2016: $2,869,982Expenses 2016: $2,869,166Net Income 2016: $8162016Revenue 2017: $3,054,489Expenses 2017: $3,042,758Net Income 2017: $11,7312017Revenue 2018: $3,294,686Expenses 2018: $3,288,551Net Income 2018: $6,1352018Revenue 2019: $3,477,574Expenses 2019: $3,464,802Net Income 2019: $12,7722019Revenue 2020: $3,661,989Expenses 2020: $3,659,239Net Income 2020: $2,7502020Revenue 2021: $4,222,605Expenses 2021: $3,847,018Net Income 2021: $375,5872021Revenue 2022: $4,045,054Expenses 2022: $3,499,256Net Income 2022: $545,7982022Revenue 2023: $4,430,773Expenses 2023: $4,396,870Net Income 2023: $33,9032023Revenue 2024: $4,948,599Expenses 2024: $4,627,067Net Income 2024: $321,5322024Revenue 2025: $5,168,896Expenses 2025: $4,857,821Net Income 2025: $311,0752025

Highlighted filing

2018

Revenue$3,294,686
Expenses$3,288,551
Net Income$6,135
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 15, 2018
Return Version
2017v2.3
Gross Receipts
$3,304,458
Mission and Program Overview

Mission

Salt lake arts academy is a middle school serving fifth through eighth graders. Located in salt lake city, utah, the academy utilizes the unique educational, artistic, scientific and cultural resources of downtown salt lake city, and provides such other educational opportunities and academic programs as the board of trustees determines.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,613,128$3,556,625▼ $56,503
Savings and Temporary Cash Investments$698,179$774,757▲ $76,578
Cash and Non-Interest-Bearing Accounts$180,441$237,479▲ $57,038
Prepaid Expenses and Deferred Charges$27,975$26,912▼ $1,063
Pledges and Grants Receivable$19,402$4,089▼ $15,313
Accounts Receivable$11,306$1,715▼ $9,591
Total Assets$4,731,018$4,774,905▲ $43,887
Other Assets Total$180,587$173,328▼ $7,259
Liabilities
Tax Exempt Bond Liabilities$4,380,000$4,310,000▼ $70,000
Accounts Payable and Accrued Expenses$335,137$407,557▲ $72,420
Deferred Revenue$109,363$115,182▲ $5,819
Mortgage Notes Payable Secured by Investment Property-$29,513-
Total Liabilities$4,824,500$4,862,252▲ $37,752
Net Assets / Fund Balance
Unrestricted Net Assets$-93,482$-87,347▲ $6,135
Total Net Assets Fund Balance$-93,482$-87,347▲ $6,135
Total Liabilities and Net Assets / Fund Balance$4,731,018$4,774,905▲ $43,887

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,775,495$466,239$3,241,734
Land$700,000-$700,000
Equipment$60,586$126,760$187,346
Leasehold Improvements$20,544$134,925$155,469
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amy WadsworthExec. DirectorFT$76,405$22,664$99,069

Board Members and Trustees

NameTitle
Scott MessersmithPresident
Alonzo HuntsmanBoard Member
Andy YorkinBoard Member
Chris MautzBoard Member
Denise BegueBoard Member
Don EggertBoard Member
Heather SoderquistBoard Member
Jeffrey StevensBoard Member
Jennifer Goldman-luthyBoard Member
Joaquin MixcoBoard Member
Julie LiversBoard Member
Luna BanuriBoard Member
Maggie TeschBoard Member
Matt NelsonBoard Member
Michael MeasomBoard Member
Ron ZamirBoard Member
Jim KreeckPast Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,867,114
Program Service Revenue
$367,715
Investment Income
$15,530
Other Revenue
$44,327
All Other Contributions
$72,728
Change in Net Assets
$6,135

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,294,686
Revenue Not Reported on Form 990
$9,772
Total Revenue per Audited Statements
$3,304,458
Total Revenue per Form 990
$3,294,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,364,467
Other Expenses$924,084
Total Fundraising Expense$52,241
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,328,908$217,612$42,619$1,589,139
Pension Plan Contributions$275,055$81,048$62$356,165
Interest$263,828$44,109$5,073$313,010
Other Employee Benefits$219,701--$219,701
Fees for Services Other$76,245$57,664$1,232$135,141
Depreciation Depletion$110,444$16,789$1,931$129,164
Payroll Taxes$123,057--$123,057
Current Officers, Directors, Trustees, and Key Employees$76,405--$76,405
Travel$61,978--$61,978
Occupancy$41,765$7,911$719$50,395
Office Expenses$34,405--$34,405
Information Technology$33,737--$33,737
Conferences and Meetings$13,507--$13,507
Insurance$10,422--$10,422
Other Expenses$7,365$25,210$605$7,365
All Other Expenses$636--$636
Fees for Services Legal$-570--$-570
Total Functional Expenses$2,782,049$454,261$52,241$3,288,551

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,298,323
Expenses per Audited Statements$3,288,551
Total Expenses per Form 990$3,288,551
Expenses Not Reported on Form 990$9,772
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$21,077
Fundraising Direct Expenses$9,772
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Parent Party$21,077$21,077$9,772$11,305
Total Events$21,077$21,077$9,772$11,305
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AState Charter School Finance Author2012-05-17$4,480,000-

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$4,480,000--$89,600

Bond Financing Compliance

No rebate due
Yes
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

“Board is provided a copy of form 990 for approval prior to filing.”

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

“The board reviews any conflicts during board meetings”

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

“The compensation of officers (including the director) of the academy is reviewed from time to time by the board of trustees.”

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

“The compensation of the officers of the academy is reviewed from time to time by the board of trustees.”

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Salt Lake Arts Academy
EIN
73-1639325
Phone
8015311173
Address
844 SOUTH 200 EAST, SALT LAKE CITY, UT 84111

Signing Officer

Name
Amy Wadsworth
Title
Exec. Director
Phone
8015788564
Signed
2018-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Wadsworth
Formed
2003
Legal Domicile
Ut
Voting Board Members
17
Independent Board Members
17
Employees
54
Volunteers
100

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

“Salt lake arts academy is a middle school serving fifth through eighth graders. Located in salt lake city, utah, the academy utilizes the unique educational, artistic, scientific and cultural resources of downtown salt lake city, and provides such other educational opportunities and academic programs as the board of trustees determines.”

Form 990, Part XI, Line 9

“Special event fundraising expenses 9,772 special event fundraising expenses -9,772”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Special event fundraising expenses 9,772”

Schedule D, Page 4, Part XII, Line 2D

“Special event fundraising expenses 9,772”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXEC. DIR.
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt09772
IRS990/FundraisingGrossIncomeAmt021077
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GovernmentGrantsAmt02794386
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt03304458
IRS990/GrossRentsGrp/RealAmt022140
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt017
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt033737
IRS990/InformationTechnologyGrp/TotalAmt033737
IRS990/InsuranceGrp/ProgramServicesAmt010422
IRS990/InsuranceGrp/TotalAmt010422
IRS990/InterestGrp/FundraisingAmt05073
IRS990/InterestGrp/ManagementAndGeneralAmt044109
IRS990/InterestGrp/ProgramServicesAmt0263828
IRS990/InterestGrp/TotalAmt0313010
IRS990/InvestmentIncomeGrp/ExclusionAmt015530
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt015530
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0727924
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03613128
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03556625
IRS990/LandBldgEquipCostOrOtherBssAmt04284549
IRS990/LegalDomicileStateCd0UT
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SALT LAKE ARTS ACADEMY IS A MIDDLE SCHOOL SERVING FIFTH THROUGH EIGHTH GRADERS. LOCATED IN SALT LAKE CITY, UTAH, THE ACADEMY UTILIZES THE UNIQUE EDUCATIONAL, ARTISTIC, SCIENTIFIC AND CULTURAL RESOURCES OF DOWNTOWN SALT LAKE CITY, AND PROVIDES SUCH OTHER EDUCATIONAL OPPORTUNITIES AND ACADEMIC PROGRAMS AS THE BOARD OF TRUSTEES DETERMINES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt029513
IRS990/NetAssetsOrFundBalancesBOYAmt0-93482
IRS990/NetAssetsOrFundBalancesEOYAmt0-87347
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt011305
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt022140
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt022140
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0719
IRS990/OccupancyGrp/ManagementAndGeneralAmt07911
IRS990/OccupancyGrp/ProgramServicesAmt041765
IRS990/OccupancyGrp/TotalAmt050395
IRS990/OfficeExpensesGrp/ProgramServicesAmt034405
IRS990/OfficeExpensesGrp/TotalAmt034405
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0180587
IRS990/OtherAssetsTotalGrp/EOYAmt0173328
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0219701
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0219701
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SUPPLIES & MATERIALS
IRS990/OtherExpensesGrp/Desc2TEXTBOOKS & EQUIPMENT
IRS990/OtherExpensesGrp/Desc3DUES & FEES
IRS990/OtherExpensesGrp/FundraisingAmt0605
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03918
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt125210
IRS990/OtherExpensesGrp/ProgramServicesAmt070285
IRS990/OtherExpensesGrp/ProgramServicesAmt121482
IRS990/OtherExpensesGrp/ProgramServicesAmt213394
IRS990/OtherExpensesGrp/ProgramServicesAmt37365
IRS990/OtherExpensesGrp/TotalAmt074203
IRS990/OtherExpensesGrp/TotalAmt147297
IRS990/OtherExpensesGrp/TotalAmt213394
IRS990/OtherExpensesGrp/TotalAmt37365
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt010882
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010882
IRS990/OtherRevenueTotalAmt010882
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt042619
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0217612
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01328908
IRS990/OtherSalariesAndWagesGrp/TotalAmt01589139
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0123057
IRS990/PayrollTaxesGrp/TotalAmt0123057
IRS990/PensionPlanContributionsGrp/FundraisingAmt062
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt081048
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0275055
IRS990/PensionPlanContributionsGrp/TotalAmt0356165
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt019402
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt04089
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027975
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026912
IRS990/PrincipalOfficerNm0AMY WADSWORTH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES & ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0367715
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0367715
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02682985
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt07044
IRS990/PYOtherExpensesAmt0885376
IRS990/PYOtherRevenueAmt046190
IRS990/PYProgramServiceRevenueAmt0318270
IRS990/PYRevenuesLessExpensesAmt011731
IRS990/PYSalariesCompEmpBnftPaidAmt02157382
IRS990/PYTotalExpensesAmt03042758
IRS990/PYTotalRevenueAmt03054489
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt06135
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt022140
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0367715
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0698179
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0774757
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02775495
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0466239
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03241734
IRS990ScheduleD/EquipmentGrp/BookValueAmt060586
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0126760
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0187346
IRS990ScheduleD/ExpensesNotReportedAmt09772
IRS990ScheduleD/ExpensesSubtotalAmt03288551
IRS990ScheduleD/LandGrp/BookValueAmt0700000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0700000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt020544
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0134925
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0155469
IRS990ScheduleD/OtherExpensesIncludedAmt09772
IRS990ScheduleD/OtherRevenueAmt09772
IRS990ScheduleD/RevenueNotReportedAmt09772
IRS990ScheduleD/RevenueSubtotalAmt03294686
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SPECIAL EVENT FUNDRAISING EXPENSES 9,772
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL EVENT FUNDRAISING EXPENSES 9,772
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03556625
IRS990ScheduleD/TotalExpensesPerForm990Amt03288551
IRS990ScheduleD/TotalRevenuePerForm990Amt03294686
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03304458
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03298323
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/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY IS EXCUSED FROM FORMAL COMPLIANCE WITH REV PROC 75-50 AS LONG AS THE ACADEMY'S CHARTER AGREEMENT WITH THE STATE OF UTAH REMAINS IN EFFECT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY RECEIVES FEDERAL AND STATE FUNDS FOR OPERATIONS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,774,905
Liabilities
$4,862,252
Net assets
-$87,347
Revenue
$3,294,686
Expenses
$3,288,551
Net income
$6,135
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.06$7.13$0.07$5.17$4.86$0.31
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.90$7.28$0.38$4.95$4.63$0.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.59$7.29$0.70$4.43$4.40$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.09$7.83$0.74$4.05$3.50$0.55
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.75$8.03$1.28$4.22$3.85$0.38
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.71$8.02$0.32$3.66$3.66$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.81$4.89$0.07$3.48$3.46$0.01
2018Detailed filing. Detailed filing data is available for this year.$4.77$4.86$0.09$3.29$3.29$0.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.73$4.82$0.09$3.05$3.04$0.01
2016Detailed filing. Detailed filing data is available for this year.$4.79$4.90$0.11$2.87$2.87$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.76$4.86$0.11$2.80$2.80$0.00
2014Detailed filing. Detailed filing data is available for this year.$4.80$4.91$0.10$2.71$2.66$0.04
2013Summary only. Only limited summary data is available for this year.$4.85$4.99$0.15$2.27$2.37$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.93$4.97$0.04$2.21
2011Summary only. Only limited summary data is available for this year.$0.31$0.21$0.10$1.94$1.99$0.05