Civic Intelligence

Realms of Inquiry Private School Inc.

990 • Fiscal year 2018 • EIN 74-2384140

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 18, 2019

4998 Galleria DriveMurray, UT 84123

(801) 467-5911

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.05x

Higher debt load relative to assets than 73% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

68th percentile

0.02x

Higher debt load relative to revenue than 68% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

67th percentile

12%

Higher net margin than 67% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

93rd percentile

$51,333

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

87th percentile

67%

Faster asset growth than 87% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

76th percentile

25%

Faster revenue growth than 76% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$147,938

Up $59,564 (+67%) from 2017

Net Assets

Up

$140,646

Up $58,921 (+72%) from 2017

Liabilities

Up

$7,292

Up $643 (+9.7%) from 2017

Revenue

Up

$481,681

Up $97,356 (+25%) from 2017

Expenses

Up

$422,760

Up $43,256 (+11%) from 2017

Net Income

Up

$58,921

Up $54,100 (+1122%) from 2017

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500K-$1.0MAssets 2011: $377,086Liabilities 2011: $939,144Net Assets 2011: -$562,0582011Assets 2012: $95,685Liabilities 2012: $103,383Net Assets 2012: -$7,6982012Assets 2013: $54,957Liabilities 2013: $57,535Net Assets 2013: -$2,5782013Assets 2014: $45,480Liabilities 2014: $39,113Net Assets 2014: $6,3672014Assets 2015: $112,138Liabilities 2015: $9,885Net Assets 2015: $102,2532015Assets 2016: $87,804Liabilities 2016: $10,900Net Assets 2016: $76,9042016Assets 2017: $88,374Liabilities 2017: $6,649Net Assets 2017: $81,7252017Assets 2018: $147,938Liabilities 2018: $7,292Net Assets 2018: $140,6462018Assets 2019: $249,116Liabilities 2019: $9,646Net Assets 2019: $239,4702019Assets 2020: $177,105Liabilities 2020: $59,301Net Assets 2020: $117,8042020Assets 2021: $193,317Liabilities 2021: $34,773Net Assets 2021: $158,5442021Assets 2022: $196,579Liabilities 2022: $30,651Net Assets 2022: $165,9282022Assets 2023: $162,742Liabilities 2023: $41,938Net Assets 2023: $120,8042023Assets 2024: $245,519Liabilities 2024: $61,942Net Assets 2024: $183,5772024Assets 2025: $129,361Liabilities 2025: $32,957Net Assets 2025: $96,4042025

Highlighted filing

2018

Assets$147,938
Liabilities$7,292
Net Assets$140,646

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $606,085Expenses 2011: $726,196Net Income 2011: -$120,1112011Revenue 2012: $931,163Expenses 2012: $376,803Net Income 2012: $554,3602012Revenue 2013: $323,928Expenses 2013: $318,808Net Income 2013: $5,1202013Revenue 2014: $230,010Expenses 2014: $221,064Net Income 2014: $8,9462014Revenue 2015: $377,614Expenses 2015: $281,729Net Income 2015: $95,8852015Revenue 2016: $365,019Expenses 2016: $390,368Net Income 2016: -$25,3492016Revenue 2017: $384,325Expenses 2017: $379,504Net Income 2017: $4,8212017Revenue 2018: $481,681Expenses 2018: $422,760Net Income 2018: $58,9212018Revenue 2019: $578,053Expenses 2019: $479,229Net Income 2019: $98,8242019Revenue 2020: $296,154Expenses 2020: $417,820Net Income 2020: -$121,6662020Revenue 2021: $492,072Expenses 2021: $451,332Net Income 2021: $40,7402021Revenue 2022: $424,324Expenses 2022: $416,940Net Income 2022: $7,3842022Revenue 2023: $299,222Expenses 2023: $346,859Net Income 2023: -$47,6372023Revenue 2024: $448,232Expenses 2024: $385,460Net Income 2024: $62,7722024Revenue 2025: $299,792Expenses 2025: $387,777Net Income 2025: -$87,9852025

Highlighted filing

2018

Revenue$481,681
Expenses$422,760
Net Income$58,921
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 18, 2019
Return Version
2017v2.3
Gross Receipts
$486,096
Mission and Program Overview

Mission

To operate a school for bright and gifted students by supporting students cognitive, physical, emotional and spiritual growth. The school is a nine-month program on various schedules with classes held monday through friday.

To operate a school for bright and gifted students by supporting students cognitive, physical, emotional and spiritual growth. The school is a nine month program on various schedules with classes held monday through friday.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$53,846$136,543▲ $82,697
Land, Buildings, and Equipment, Net$5,311$7,881▲ $2,570
Accounts Receivable$25,611$2,414▼ $23,197
Prepaid Expenses and Deferred Charges$3,606$1,100▼ $2,506
Total Assets$88,374$147,938▲ $59,564
Liabilities
Deferred Revenue$2,325$5,200▲ $2,875
Accounts Payable and Accrued Expenses$4,324$2,092▼ $2,232
Total Liabilities$6,649$7,292▲ $643
Net Assets / Fund Balance
Unrestricted Net Assets$81,725$140,646▲ $58,921
Total Net Assets Fund Balance$81,725$140,646▲ $58,921
Total Liabilities and Net Assets / Fund Balance$88,374$147,938▲ $59,564

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,881$77,485$85,366
Other Land Buildings-$8,990$8,990
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Peter WestmanHead of SchoFT$51,333$51,333
Karri Van TongerenSecretaryFT$44,175$44,175

Board Members and Trustees

NameTitle
Kate HickamChair
Jeff BastarBoard Member
Jon HamiltonBoard Member
Rebecca HarperBoard Member
Shirlene BastarBoard Member
Liz HamiltonParent Repre
Revenue and Support

Revenue Composition

Contributions and Grants
$16,036
Program Service Revenue
$445,604
Investment Income
$57
Other Revenue
$19,984
All Other Contributions
$9,461
Change in Net Assets
$58,921

Audited Revenue Reconciliation

Revenue per Audited Statements
$481,681
Revenue Not Reported on Form 990
$24,000
Total Revenue per Audited Statements
$505,681
Total Revenue per Form 990
$481,681
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$250,449
Other Expenses$172,311
Total Fundraising Expense$21,985
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$106,248$18,552$11,595$136,395
Current Officers, Directors, Trustees, and Key Employees$95,508--$95,508
Travel$71,214$6,548$4,093$81,855
Office Expenses$21,566$1,982$1,240$24,788
Payroll Taxes$16,135$1,484$927$18,546
Insurance$14,487$1,332$833$16,652
Fees for Services Accounting-$7,063-$7,063
Other Expenses$858$2,286$1,429$4,573
All Other Expenses$2,368$218$135$2,721
Depreciation Depletion$1,679$154$97$1,930
Occupancy$857$79$49$985
Fees for Services Other$322$30$19$371
Advertising$301$28$17$346
Interest$180$17$10$207
Total Functional Expenses$358,536$42,239$21,985$422,760

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$446,760
Expenses per Audited Statements$422,760
Total Expenses per Form 990$422,760
Expenses Not Reported on Form 990$24,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$22,619
Fundraising Direct Expenses$4,415
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction Event$29,194$22,619$1,666$20,953
Total Events$29,194$22,619$4,415$18,204
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

An electronic copy is made available to the governing body to review and approve before filed.

Form 990, Page 6, Part VI, Line 19

Documents are made available to the public upon request. Requests may be made by phone or emailed to [email protected].

Filing and Contact Details

Filer

Filer Name
Realms of Inquiry
EIN
74-2384140
Phone
8014675911
Address
4998 GALLERIA DRIVE, MURRAY, UT 84123

Signing Officer

Name
Peter Westman
Title
Head of School
Phone
8014675911
Signed
2019-01-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Westman
Formed
1972
Voting Board Members
6
Independent Board Members
6
Employees
7
Volunteers
25

Preparer

Firm
Larson & Company Pc
Address
765 N MAIN ST, SPANISH FORK, UT 84660
Preparer
Russell D Olsen CPA
Phone
8017983545
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0236797
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1106194
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt290766
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt311847
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt022796
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt029
IRS990/PYOtherExpensesAmt0154382
IRS990/PYOtherRevenueAmt013748
IRS990/PYProgramServiceRevenueAmt0347752
IRS990/PYRevenuesLessExpensesAmt04821
IRS990/PYSalariesCompEmpBnftPaidAmt0225122
IRS990/PYTotalExpensesAmt0379504
IRS990/PYTotalRevenueAmt0384325
IRS990/ReconcilationRevenueExpnssAmt058921
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0445604
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt024000
IRS990ScheduleD/DonatedServicesUseFcltsAmt024000
IRS990ScheduleD/EquipmentGrp/BookValueAmt07881
IRS990ScheduleD/EquipmentGrp/DepreciationAmt077485
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt085366
IRS990ScheduleD/ExpensesNotReportedAmt024000
IRS990ScheduleD/ExpensesSubtotalAmt0422760
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08990
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08990
IRS990ScheduleD/RevenueNotReportedAmt024000
IRS990ScheduleD/RevenueSubtotalAmt0481681
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07881
IRS990ScheduleD/TotalExpensesPerForm990Amt0422760
IRS990ScheduleD/TotalRevenuePerForm990Amt0481681
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0505681
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0446760
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 ORGANIZATION'S NONDISCRIMINATORY POLICY IS MADE KNOWN TO ALL PARTS OF THE GENERAL COMMUNITY IT SERVES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES A SIGNIFICANT AMOUNT OF ITS FUNDING FROM STATE AND FEDERAL GOVERNMENT SOURCES TO OPERATE THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt06575
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt06575
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt04415
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0640
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0640
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AUCTION EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02109
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02109
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt029194
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt029194
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt022619
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt022619
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt018204
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01666
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01666
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AN ELECTRONIC COPY IS MADE AVAILABLE TO THE GOVERNING BODY TO REVIEW AND APPROVE BEFORE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. REQUESTS MAY BE MADE BY PHONE OR EMAILED TO [email protected].
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt088374
IRS990/TotalAssetsEOYAmt0147938
IRS990/TotalAssetsGrp/BOYAmt088374
IRS990/TotalAssetsGrp/EOYAmt0147938
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt016036
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt021985
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt042239
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0358536
IRS990/TotalFunctionalExpensesGrp/TotalAmt0422760
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06649
IRS990/TotalLiabilitiesEOYAmt07292
IRS990/TotalLiabilitiesGrp/BOYAmt06649
IRS990/TotalLiabilitiesGrp/EOYAmt07292
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt081725
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0140646
IRS990/TotalProgramServiceExpensesAmt0358536
IRS990/TotalProgramServiceRevenueAmt0445604
IRS990/TotalReportableCompFromOrgAmt095508
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0447441
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0481681
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt088374
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0147938
IRS990/TravelGrp/FundraisingAmt04093
IRS990/TravelGrp/ManagementAndGeneralAmt06548
IRS990/TravelGrp/ProgramServicesAmt071214
IRS990/TravelGrp/TotalAmt081855
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt081725
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0140646
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0REALMSOFINQUIRY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PETER WESTMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
ReturnHeader/BusinessOfficerGrp/PhoneNum08014675911
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REALMS OF INQUIRY
ReturnHeader/Filer/BusinessNameControlTxt0REAL
ReturnHeader/Filer/EIN0742384140
ReturnHeader/Filer/PhoneNum08014675911
ReturnHeader/Filer/USAddress/AddressLine1Txt04998 GALLERIA DRIVE
ReturnHeader/Filer/USAddress/CityNm0MURRAY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.29$0.33$0.96$3.00$3.88$0.88
2024Detailed filing. Detailed filing data is available for this year.$2.46$0.62$1.84$4.48$3.85$0.63
2023Detailed filing. Detailed filing data is available for this year.$1.63$0.42$1.21$2.99$3.47$0.48
2022Detailed filing. Detailed filing data is available for this year.$1.97$0.31$1.66$4.24$4.17$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.93$0.35$1.59$4.92$4.51$0.41
2020Detailed filing. Detailed filing data is available for this year.$1.77$0.59$1.18$2.96$4.18$1.22
2019Detailed filing. Detailed filing data is available for this year.$2.49$0.10$2.39$5.78$4.79$0.99
2018Detailed filing. Detailed filing data is available for this year.$1.48$0.07$1.41$4.82$4.23$0.59
2017Detailed filing. Detailed filing data is available for this year.$0.88$0.07$0.82$3.84$3.80$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.88$0.11$0.77$3.65$3.90$0.25
2015Detailed filing. Detailed filing data is available for this year.$1.12$0.10$1.02$3.78$2.82$0.96
2014Summary only. Only limited summary data is available for this year.$0.45$0.39$0.06$2.30$2.21$0.09
2013Summary only. Only limited summary data is available for this year.$0.55$0.58$0.03$3.24$3.19$0.05
2012Summary only. Only limited summary data is available for this year.$0.96$1.03$0.08$9.31$3.77$5.54
2011Summary only. Only limited summary data is available for this year.$3.77$9.39$5.62$6.06$7.26$1.20
Peer Organizations

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