Civic Intelligence

Spectrum Academy

990 • Fiscal year 2016 • EIN 76-0817459

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 20, 2017

Organization ProfileWWW.SPECTRUMCHARTER.ORG

View Organization Page

575 Cutler DriveNorth Salt Lake City, UT 84054

(801) 936-0318

Siviq Scores

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

Liabilities / Assets

90th percentile

0.94x

Higher debt load relative to assets than 90% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

86th percentile

1.79x

Higher debt load relative to revenue than 86% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

51st percentile

2.6%

Higher net margin than 51% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

30th percentile

$122,094

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

96th percentile

72%

Faster asset growth than 96% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

79th percentile

18%

Faster revenue growth than 79% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$21,943,700

Up $9,197,715 (+72%) from 2015

Net Assets

Up

$1,291,497

Up $350,084 (+37%) from 2015

Liabilities

Up

$20,652,203

Up $8,847,631 (+75%) from 2015

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin51st percentile

Revenue

Up

$11,525,639

Up $1,778,457 (+18%) from 2015

Expenses

Up

$11,226,888

Up $1,629,995 (+17%) from 2015

Net Income

Up

$298,751

Up $148,462 (+99%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$60M$40M$20M$0Assets 2011: $4,792,740Liabilities 2011: $4,297,294Net Assets 2011: $495,4462011Assets 2012: $4,634,693Liabilities 2012: $4,384,388Net Assets 2012: $250,3052012Assets 2013: $5,646,623Liabilities 2013: $4,961,797Net Assets 2013: $684,8262013Assets 2014: $12,342,872Liabilities 2014: $11,551,748Net Assets 2014: $791,1242014Assets 2015: $12,745,985Liabilities 2015: $11,804,572Net Assets 2015: $941,4132015Assets 2016: $21,943,700Liabilities 2016: $20,652,203Net Assets 2016: $1,291,4972016Assets 2017: $23,267,409Liabilities 2017: $20,188,738Net Assets 2017: $3,078,6712017Assets 2018: $30,362,602Liabilities 2018: $26,087,516Net Assets 2018: $4,275,0862018Assets 2019: $32,767,791Liabilities 2019: $28,226,831Net Assets 2019: $4,540,9602019Assets 2020: $32,601,271Liabilities 2020: $27,870,210Net Assets 2020: $4,731,0612020Assets 2021: $39,731,636Liabilities 2021: $36,452,007Net Assets 2021: $3,279,6292021Assets 2022: $38,407,104Liabilities 2022: $34,165,080Net Assets 2022: $4,242,0242022Assets 2023: $48,677,296Liabilities 2023: $43,201,946Net Assets 2023: $5,475,3502023Assets 2024: $48,256,762Liabilities 2024: $41,464,964Net Assets 2024: $6,791,7982024Assets 2025: $48,198,291Liabilities 2025: $40,723,795Net Assets 2025: $7,474,4962025

Highlighted filing

2016

Assets$21,943,700
Liabilities$20,652,203
Net Assets$1,291,497
Open 2016 Filing

Operations Trend

Revenue Growth79th percentile

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

$40M$30M$20M$10M$0-$10MExpenses 2011: $3,220,0022011Expenses 2012: $3,796,1272012Revenue 2013: $5,414,171Expenses 2013: $4,979,650Net Income 2013: $434,5212013Revenue 2014: $5,823,044Expenses 2014: $5,716,746Net Income 2014: $106,2982014Revenue 2015: $9,747,182Expenses 2015: $9,596,893Net Income 2015: $150,2892015Revenue 2016: $11,525,639Expenses 2016: $11,226,888Net Income 2016: $298,7512016Revenue 2017: $14,690,276Expenses 2017: $12,903,102Net Income 2017: $1,787,1742017Revenue 2018: $16,649,129Expenses 2018: $15,452,714Net Income 2018: $1,196,4152018Revenue 2019: $20,516,398Expenses 2019: $20,250,524Net Income 2019: $265,8742019Revenue 2020: $23,599,599Expenses 2020: $23,409,498Net Income 2020: $190,1012020Revenue 2021: $27,326,865Expenses 2021: $28,496,066Net Income 2021: -$1,169,2012021Revenue 2022: $29,729,025Expenses 2022: $28,766,630Net Income 2022: $962,3952022Revenue 2023: $32,871,634Expenses 2023: $31,638,308Net Income 2023: $1,233,3262023Revenue 2024: $36,630,319Expenses 2024: $35,313,871Net Income 2024: $1,316,4482024Revenue 2025: $37,530,113Expenses 2025: $36,847,415Net Income 2025: $682,6982025

Highlighted filing

2016

Revenue$11,525,639
Expenses$11,226,888
Net Income$298,751
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 20, 2017
Return Version
2015v3.0
Gross Receipts
$11,545,528
Mission and Program Overview

Mission

To manage, operate, guide, direct, and promote a public charter school funded by local, state, and federal sources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,040,047$16,265,165▲ $5,225,118
Savings and Temporary Cash Investments$767,281$4,165,950▲ $3,398,669
Pledges and Grants Receivable$7,327$557,562▲ $550,235
Cash and Non-Interest-Bearing Accounts$917,737$554,523▼ $363,214
Prepaid Expenses and Deferred Charges$8,407$62,819▲ $54,412
Accounts Receivable$5,186$9,990▲ $4,804
Total Assets$12,745,985$21,943,700▲ $9,197,715
Other Assets Total-$327,691-
Liabilities
Tax Exempt Bond Liabilities-$18,620,000-
Accounts Payable and Accrued Expenses$646,583$1,479,242▲ $832,659
Other Liabilities-$503,794-
Mortgage Notes Payable Secured by Investment Property$11,149,832$49,167▼ $11,100,665
Deferred Revenue$8,157--
Total Liabilities$11,804,572$20,652,203▲ $8,847,631
Net Assets / Fund Balance
Unrestricted Net Assets$941,413$1,291,497▲ $350,084
Total Net Assets Fund Balance$941,413$1,291,497▲ $350,084
Total Liabilities and Net Assets / Fund Balance$12,745,985$21,943,700▲ $9,197,715

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,045,341$899,613$14,944,954
Land$1,975,000-$1,975,000
Equipment$148,971$267,576$416,547
Leasehold Improvements$95,853$82,129$177,982
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jamie ChristensenDirectorFT$112,000$10,094$122,094
Brad NelsonProgram DireFT$103,000$4,650$107,650

Board Members and Trustees

NameTitle
Marney DevroomPresident
Blake SchmautzBoard Member
Dennis BullardBoard Member
Janna GoldBoard Member
Rozanne MarshBoard Member
Marcy JohnsonSecretary
Jason SteenblikTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,208,230
Program Service Revenue
$240,086
Investment Income
$28,716
Other Revenue
$48,607
All Other Contributions
$47,456
Change in Net Assets
$298,751

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,525,639
Revenue Not Reported on Form 990
$71,222
Total Revenue per Audited Statements
$11,596,861
Total Revenue per Form 990
$11,525,639
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,343,999
Other Expenses$2,882,889
Total Fundraising Expense$9,430
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,717,268$166,501$25$6,883,794
Interest$834,830$21,483$2,238$858,551
Other Employee Benefits$518,545--$518,545
Payroll Taxes$518,389--$518,389
Fees for Services Other$397,407$45,219$727$443,353
Occupancy$370,686$1,197$125$372,008
Depreciation Depletion$336,698$8,664$903$346,265
Current Officers, Directors, Trustees, and Key Employees$215,000--$215,000
Pension Plan Contributions$191,154$17,116$1$208,271
Information Technology$117,140$437$46$117,623
Other Expenses$80,932$3,001$5,365$80,932
All Other Expenses$60,166--$60,166
Travel$26,128--$26,128
Office Expenses$19,406--$19,406
Insurance$17,889--$17,889
Fees for Services Accounting-$17,802-$17,802
Conferences and Meetings$15,663--$15,663
Advertising$1,825--$1,825
Fees for Services Legal$1,638--$1,638
Total Functional Expenses$10,936,038$281,420$9,430$11,226,888

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,246,777
Expenses per Audited Statements$11,226,888
Total Expenses per Form 990$11,226,888
Expenses Not Reported on Form 990$19,889
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$68,496
Fundraising Direct Expenses$19,889
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$41,192$41,192$16,045$25,147
Fun Run$27,304$27,304$3,844$23,460
Total Events$68,496$68,496$19,889$48,607
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Henry MarshBoard MemberPurchase BuildingNo$2,000,470
Henry MarshBoard MemberRent for BuildingNo$32,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bond Premiums, Net$503,794

Bond Issues

BondIssuerIssuedIssue PricePurpose
AUtah Charter School Finance Authori2015-10-22$19,165,443Purchase facility and equipment.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$19,165,443--$383,078

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

“Management reviews, but board doesn't review prior to filing.”

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

“Management and the board regularly monitor and enforce the school's conflict of interest policy.”

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

“The board annually reviews and approves pay rates and pay scales.”

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

“The board annually reviews and approves pay rates and pay scales.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and form 990 available upon request.”

Filing and Contact Details

Filer

Filer Name
Spectrum Academy
EIN
76-0817459
Phone
8019360318
Address
575 CUTLER DRIVE, NORTH SALT LAKE CITY, UT 84054

Signing Officer

Name
Brad Nelson
Title
Program Director
Phone
8019360318
Signed
2017-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Nelson
Formed
2005
Legal Domicile
Ut
Voting Board Members
7
Independent Board Members
6
Employees
404
Volunteers
150

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, Part XI, Line 9

“Fundraising event expense 19,889 fundraising event expense -19,889”

Financial Statement Notes

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

“Fundraising event expense 19,889”

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

“Fundraising event expense 19,889”

Raw XML AppendixShowing 400 of 518 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0646583
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01479242
IRS990/AccountsReceivableGrp/BOYAmt05186
IRS990/AccountsReceivableGrp/EOYAmt09990
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES.
IRS990/AdvertisingGrp/ProgramServicesAmt01825
IRS990/AdvertisingGrp/TotalAmt01825
IRS990/AllOtherContributionsAmt047456
IRS990/AllOtherExpensesGrp/ProgramServicesAmt060166
IRS990/AllOtherExpensesGrp/TotalAmt060166
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0BRAD NELSON
IRS990/BooksInCareOfDetail/PhoneNum08019360318
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0575 CUTLER DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0NORTH SALT LAKE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0UT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd084054
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0true
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0917737
IRS990/CashNonInterestBearingGrp/EOYAmt0554523
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0215000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0215000
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt015663
IRS990/ConferencesMeetingsGrp/TotalAmt015663
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt011208230
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt028716
IRS990/CYOtherExpensesAmt02882889
IRS990/CYOtherRevenueAmt048607
IRS990/CYProgramServiceRevenueAmt0240086
IRS990/CYRevenuesLessExpensesAmt0298751
IRS990/CYSalariesCompEmpBnftPaidAmt08343999
IRS990/CYTotalExpensesAmt011226888
IRS990/CYTotalFundraisingExpenseAmt09430
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt011525639
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt08157
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt0903
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt08664
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0336698
IRS990/DepreciationDepletionGrp/TotalAmt0346265
IRS990/Desc0OPERATION OF ONE PUBLIC CHARTER SCHOOL FOR STUDENTS FROM KINDERGARTEN TO TWELFTH GRADE.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonatedServicesAndUseFcltsAmt051333
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0404
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt010696443
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt017802
IRS990/FeesForServicesAccountingGrp/TotalAmt017802
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt01638
IRS990/FeesForServicesLegalGrp/TotalAmt01638
IRS990/FeesForServicesOtherGrp/FundraisingAmt0727
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt045219
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0397407
IRS990/FeesForServicesOtherGrp/TotalAmt0443353
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt710094
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt84650
IRS990/Form990PartVIISectionAGrp/PersonNm0DENNIS BULLARD
IRS990/Form990PartVIISectionAGrp/PersonNm1JASON STEENBLIK
IRS990/Form990PartVIISectionAGrp/PersonNm2JANNA GOLD
IRS990/Form990PartVIISectionAGrp/PersonNm3MARCY JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm4MARNEY DEVROOM
IRS990/Form990PartVIISectionAGrp/PersonNm5ROZANNE MARSH
IRS990/Form990PartVIISectionAGrp/PersonNm6BLAKE SCHMAUTZ
IRS990/Form990PartVIISectionAGrp/PersonNm7JAMIE CHRISTENSEN
IRS990/Form990PartVIISectionAGrp/PersonNm8BRAD NELSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7112000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8103000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PROGRAM DIRE
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt019889
IRS990/FundraisingGrossIncomeAmt068496
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt011160774
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt011545528
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt046
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0437
IRS990/InformationTechnologyGrp/ProgramServicesAmt0117140
IRS990/InformationTechnologyGrp/TotalAmt0117623
IRS990/InsuranceGrp/ProgramServicesAmt017889
IRS990/InsuranceGrp/TotalAmt017889
IRS990/InterestGrp/FundraisingAmt02238
IRS990/InterestGrp/ManagementAndGeneralAmt021483
IRS990/InterestGrp/ProgramServicesAmt0834830
IRS990/InterestGrp/TotalAmt0858551
IRS990/InvestmentIncomeGrp/ExclusionAmt028716
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt028716
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01249318
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011040047
IRS990/LandBldgEquipBasisNetGrp/EOYAmt016265165
IRS990/LandBldgEquipCostOrOtherBssAmt017514483
IRS990/LegalDomicileStateCd0UT
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt011149832
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt049167
IRS990/NetAssetsOrFundBalancesBOYAmt0941413
IRS990/NetAssetsOrFundBalancesEOYAmt01291497
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt048607
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt048607
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0125
IRS990/OccupancyGrp/ManagementAndGeneralAmt01197
IRS990/OccupancyGrp/ProgramServicesAmt0370686
IRS990/OccupancyGrp/TotalAmt0372008
IRS990/OfficeExpensesGrp/ProgramServicesAmt019406
IRS990/OfficeExpensesGrp/TotalAmt019406
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt0327691
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0518545
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0518545
IRS990/OtherExpensesGrp/Desc0SUPPLIES & MATERIALS
IRS990/OtherExpensesGrp/Desc1FOOD
IRS990/OtherExpensesGrp/Desc2TEXTBOOKS & EQUIPMENT
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt05365
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03001
IRS990/OtherExpensesGrp/ProgramServicesAmt0232810
IRS990/OtherExpensesGrp/ProgramServicesAmt1147916
IRS990/OtherExpensesGrp/ProgramServicesAmt2114548
IRS990/OtherExpensesGrp/ProgramServicesAmt380932
IRS990/OtherExpensesGrp/TotalAmt0241176
IRS990/OtherExpensesGrp/TotalAmt1147916
IRS990/OtherExpensesGrp/TotalAmt2114548
IRS990/OtherExpensesGrp/TotalAmt380932
IRS990/OtherLiabilitiesGrp/EOYAmt0503794
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt025
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0166501
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06717268
IRS990/OtherSalariesAndWagesGrp/TotalAmt06883794
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0518389
IRS990/PayrollTaxesGrp/TotalAmt0518389
IRS990/PensionPlanContributionsGrp/FundraisingAmt01
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt017116
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0191154
IRS990/PensionPlanContributionsGrp/TotalAmt0208271
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt07327
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0557562
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08407
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt062819
IRS990/PrincipalOfficerNm0BRAD NELSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT ACTIVITIES AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1THERAPY SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2LUNCH PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/Desc3DAY CARE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0122648
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt152785
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt233415
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt331238
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0122648
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt152785
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt233415
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt331238
IRS990/ProgSrvcAccomActy2Grp/Desc0OPERATION OF A DAY CARE AND PRESCHOOL SERVICES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt047796
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt031238
IRS990/ProgSrvcAccomActy3Grp/Desc0OPERATION OF A FOOD SERVICES PROGRAM FOR THE CONVENIENCE OF THE STUDENTS AND FACULTY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0191799
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt033415
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt09456403
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02282
IRS990/PYOtherExpensesAmt02551716
IRS990/PYOtherRevenueAmt037062
IRS990/PYProgramServiceRevenueAmt0251435
IRS990/PYRevenuesLessExpensesAmt0150289
IRS990/PYSalariesCompEmpBnftPaidAmt07045177
IRS990/PYTotalExpensesAmt09596893
IRS990/PYTotalRevenueAmt09747182
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0298751
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0175433
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0767281
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04165950
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt014045341
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0899613
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt014944954
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt051333
IRS990ScheduleD/EquipmentGrp/BookValueAmt0148971
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0267576
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0416547
IRS990ScheduleD/ExpensesNotReportedAmt019889
IRS990ScheduleD/ExpensesSubtotalAmt011226888
IRS990ScheduleD/LandGrp/BookValueAmt01975000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01975000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt095853
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt082129
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0177982
IRS990ScheduleD/OtherExpensesIncludedAmt019889
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0503794
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BOND PREMIUMS, NET
IRS990ScheduleD/OtherRevenueAmt019889
IRS990ScheduleD/RevenueNotReportedAmt071222
IRS990ScheduleD/RevenueSubtotalAmt011525639
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EVENT EXPENSE 19,889
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EVENT EXPENSE 19,889
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016265165
IRS990ScheduleD/TotalExpensesPerForm990Amt011226888
IRS990ScheduleD/TotalLiabilityAmt0503794
IRS990ScheduleD/TotalRevenuePerForm990Amt011525639
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011596861
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011246777
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/ExplanationTxt0THIS ORGANIZATION 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 ORGANIZATION RECEIVES STATE AND FEDERAL GRANTS TO OPERATE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt019889
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0FUN RUN
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt041192
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt027304
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt068496
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt041192
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt027304
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt068496
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt048607
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt019889
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt016045
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt03844
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0UTAH CHARTER SCHOOL FINANCE AUTHORIT 12/20/16
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE K - DATE REBATE COMPUTATION PERFORMED
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02015-10-22
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0261275269
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum091754TNF6
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt019165443
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0UTAH CHARTER SCHOOL FINANCE AUTHORI
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine2Txt0UTAH CHARTER SCHOOL FINANCE AUTH
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0PURCHASE FACILITY AND EQUIPMENT.
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,943,700
Liabilities
$20,652,203
Net assets
$1,291,497
Revenue
$11,525,639
Expenses
$11,226,888
Net income
$298,751
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$48.2$40.7$7.47$37.5$36.8$0.68
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$48.3$41.5$6.79$36.6$35.3$1.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$48.7$43.2$5.48$32.9$31.6$1.23
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.4$34.2$4.24$29.7$28.8$0.96
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.7$36.5$3.28$27.3$28.5$1.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.6$27.9$4.73$23.6$23.4$0.19
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.8$28.2$4.54$20.5$20.3$0.27
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.4$26.1$4.28$16.6$15.5$1.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.3$20.2$3.08$14.7$12.9$1.79
2016Detailed filing. Detailed filing data is available for this year.$21.9$20.7$1.29$11.5$11.2$0.30
2015Detailed filing. Detailed filing data is available for this year.$12.7$11.8$0.94$9.75$9.60$0.15
2014Detailed filing. Detailed filing data is available for this year.$12.3$11.6$0.79$5.82$5.72$0.11
2013Summary only. Only limited summary data is available for this year.$5.65$4.96$0.68$5.41$4.98$0.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.63$4.38$0.25$3.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.79$4.30$0.50$3.22