Civic Intelligence

Spectrum Academy

990 • Fiscal year 2018 • EIN 76-0817459

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 07, 2018

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

88th percentile

0.86x

Higher debt load relative to assets than 88% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

84th percentile

1.57x

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

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

60th percentile

7.2%

Higher net margin than 60% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$145,204

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

91st percentile

30%

Faster asset growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

70th percentile

13%

Faster revenue growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$30,362,602

Up $7,095,193 (+30%) from 2017

Net Assets

Up

$4,275,086

Up $1,196,415 (+39%) from 2017

Liabilities

Up

$26,087,516

Up $5,898,778 (+29%) from 2017

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin60th percentile

Revenue

Up

$16,649,129

Up $1,958,853 (+13%) from 2017

Expenses

Up

$15,452,714

Up $2,549,612 (+20%) from 2017

Net Income

Down

$1,196,415

Down $590,759 (-33%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2018

Assets$30,362,602
Liabilities$26,087,516
Net Assets$4,275,086
Open 2018 Filing

Operations Trend

Revenue Growth70th 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

2018

Revenue$16,649,129
Expenses$15,452,714
Net Income$1,196,415
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 7, 2018
Return Version
2017v2.3
Gross Receipts
$16,680,586
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$17,102,935$19,586,194▲ $2,483,259
Savings and Temporary Cash Investments$2,465,601$2,532,374▲ $66,773
Cash and Non-Interest-Bearing Accounts$1,768,498$2,239,175▲ $470,677
Pledges and Grants Receivable$15,692$57,780▲ $42,088
Prepaid Expenses and Deferred Charges$8,406$28,600▲ $20,194
Accounts Receivable$2,914$3,807▲ $893
Total Assets$23,267,409$30,362,602▲ $7,095,193
Other Assets Total$1,903,363$5,914,672▲ $4,011,309
Liabilities
Tax Exempt Bond Liabilities$18,320,000$18,005,000▼ $315,000
Mortgage Notes Payable Secured by Investment Property$174,236$6,088,795▲ $5,914,559
Accounts Payable and Accrued Expenses$1,189,238$1,524,872▲ $335,634
Other Liabilities$505,264$468,849▼ $36,415
Total Liabilities$20,188,738$26,087,516▲ $5,898,778
Net Assets / Fund Balance
Unrestricted Net Assets$3,078,671$4,275,086▲ $1,196,415
Total Net Assets Fund Balance$3,078,671$4,275,086▲ $1,196,415
Total Liabilities and Net Assets / Fund Balance$23,267,409$30,362,602▲ $7,095,193

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,093,952$1,685,716$17,779,668
Land$3,120,603-$3,120,603
Equipment$296,739$361,886$658,625
Leasehold Improvements$74,900$103,082$177,982
Other Assets Org$304,961--
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jamie ChristensenDirectorFT$120,087$25,117$145,204
Brad NelsonProgram DireFT$120,087$17,954$138,041

Board Members and Trustees

NameTitle
Marney DevroomPresident
Dennis BullardBoard Member
Jana GoldBoard Member
Madi LeybaBoard Member
Nicolas WrightBoard Member
Marcy JohnsonSecretary
Jason SteenblikTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$16,273,824
Program Service Revenue
$288,720
Investment Income
$45,292
Other Revenue
$41,293
All Other Contributions
$214,698
Change in Net Assets
$1,196,415

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,649,129
Revenue Not Reported on Form 990
$31,457
Total Revenue per Audited Statements
$16,680,586
Total Revenue per Form 990
$16,649,129
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,427,811
Other Expenses$4,024,903
Total Fundraising Expense$24,733
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,776,718$417,434$48$9,194,200
Other Employee Benefits$1,015,952$42,925$3$1,058,880
Interest$981,121$39,389$3,717$1,024,227
Payroll Taxes$670,400--$670,400
Depreciation Depletion$505,195$20,282$1,914$527,391
Information Technology$344,018$54,884$35$398,937
Occupancy$366,701$75$7$366,783
Fees for Services Other$306,976$13,509$1,275$321,760
Pension Plan Contributions$264,157--$264,157
Current Officers, Directors, Trustees, and Key Employees$240,174--$240,174
Other Expenses$129,152$6,980$17,734$129,152
All Other Expenses$73,771--$73,771
Conferences and Meetings$55,385--$55,385
Insurance$31,076--$31,076
Travel$24,660--$24,660
Fees for Services Accounting$22,588--$22,588
Office Expenses$17,995--$17,995
Advertising$6,984--$6,984
Total Functional Expenses$14,832,503$595,478$24,733$15,452,714

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$15,484,171
Expenses per Audited Statements$15,452,714
Total Expenses per Form 990$15,452,714
Expenses Not Reported on Form 990$31,457
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$72,750
Fundraising Direct Expenses$31,457
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$37,355$37,355$17,979$19,376
Fun Run$24,488$24,488$8,974$15,514
Total Events$72,750$72,750$31,457$41,293
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bond Premiums, Net$468,849

Bond Issues

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

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
2018-12-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Nelson
Formed
2005
Legal Domicile
Ut
Voting Board Members
7
Independent Board Members
7
Employees
410
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 31,457 fundraising event expense -31,457”

Financial Statement Notes

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

“Fundraising event expense 31,457”

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

“Fundraising event expense 31,457”

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IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt041293
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt041293
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt07
IRS990/OccupancyGrp/ManagementAndGeneralAmt075
IRS990/OccupancyGrp/ProgramServicesAmt0366701
IRS990/OccupancyGrp/TotalAmt0366783
IRS990/OfficeExpensesGrp/ProgramServicesAmt017995
IRS990/OfficeExpensesGrp/TotalAmt017995
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01903363
IRS990/OtherAssetsTotalGrp/EOYAmt05914672
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt042925
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01015952
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01058880
IRS990/OtherExpensesGrp/Desc0TEXTBOOKS & EQUIPMENT
IRS990/OtherExpensesGrp/Desc1SUPPLIES & MATERIALS
IRS990/OtherExpensesGrp/Desc2FOOD
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt017734
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06980
IRS990/OtherExpensesGrp/ProgramServicesAmt0448733
IRS990/OtherExpensesGrp/ProgramServicesAmt1364982
IRS990/OtherExpensesGrp/ProgramServicesAmt2185765
IRS990/OtherExpensesGrp/ProgramServicesAmt3129152
IRS990/OtherExpensesGrp/TotalAmt0448733
IRS990/OtherExpensesGrp/TotalAmt1389696
IRS990/OtherExpensesGrp/TotalAmt2185765
IRS990/OtherExpensesGrp/TotalAmt3129152
IRS990/OtherLiabilitiesGrp/BOYAmt0505264
IRS990/OtherLiabilitiesGrp/EOYAmt0468849
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt048
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0417434
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08776718
IRS990/OtherSalariesAndWagesGrp/TotalAmt09194200
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0670400
IRS990/PayrollTaxesGrp/TotalAmt0670400
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0264157
IRS990/PensionPlanContributionsGrp/TotalAmt0264157
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt015692
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt057780
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08406
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt028600
IRS990/PrincipalOfficerNm0BRAD NELSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT ACTIVITIES AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1LUNCH PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/Desc2DAY CARE FEES
IRS990/ProgramServiceRevenueGrp/Desc3THERAPY SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0152375
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt157070
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt249063
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt330212
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0152375
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt157070
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt249063
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt330212
IRS990/ProgSrvcAccomActy2Grp/Desc0OPERATION OF A DAY CARE AND PRESCHOOL SERVICES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt053082
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt049063
IRS990/ProgSrvcAccomActy3Grp/Desc0OPERATION OF A FOOD SERVICES PROGRAM FOR THE CONVENIENCE OF THE STUDENTS AND FACULTY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0306647
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt057070
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt030212
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt014314832
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt032668
IRS990/PYOtherExpensesAmt03014000
IRS990/PYOtherRevenueAmt039678
IRS990/PYProgramServiceRevenueAmt0303098
IRS990/PYRevenuesLessExpensesAmt01787174
IRS990/PYSalariesCompEmpBnftPaidAmt09889102
IRS990/PYTotalExpensesAmt012903102
IRS990/PYTotalRevenueAmt014690276
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01196415
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0152375
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02465601
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02532374
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt016093952
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01685716
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017779668
IRS990ScheduleD/EquipmentGrp/BookValueAmt0296739
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0361886
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0658625
IRS990ScheduleD/ExpensesNotReportedAmt031457
IRS990ScheduleD/ExpensesSubtotalAmt015452714
IRS990ScheduleD/LandGrp/BookValueAmt03120603
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03120603
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt074900
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0103082
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0177982
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05609711
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1304961
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1BOND ISSUANCE COST, NET
IRS990ScheduleD/OtherExpensesIncludedAmt031457
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0468849
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BOND PREMIUMS, NET
IRS990ScheduleD/OtherRevenueAmt031457
IRS990ScheduleD/RevenueNotReportedAmt031457
IRS990ScheduleD/RevenueSubtotalAmt016649129
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EVENT EXPENSE 31,457
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EVENT EXPENSE 31,457
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019586194
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05914672
IRS990ScheduleD/TotalExpensesPerForm990Amt015452714
IRS990ScheduleD/TotalLiabilityAmt0468849
IRS990ScheduleD/TotalRevenuePerForm990Amt016649129
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt016680586
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt015484171
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/DirectExpenseSummaryEventsAmt031457
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0FUN RUN
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt037355
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt024488
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt010907
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt072750
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt037355
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt024488
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt010907
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt072750
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt041293
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt04504
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt031457
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt017979
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt08974
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0UTAH CHARTER SCHOOL FINANCE AUTHORIT 12/16/17
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/OnBehalfOfIssuerInd0false

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$30,362,602
Liabilities
$26,087,516
Net assets
$4,275,086
Revenue
$16,649,129
Expenses
$15,452,714
Net income
$1,196,415
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
2018Detailed filing. Detailed filing data is available for this year.$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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

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