Civic Intelligence

Spectrum Academy

990 • Fiscal year 2021 • EIN 76-0817459

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 17, 2021

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

91st percentile

0.92x

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

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

83rd percentile

1.33x

Higher debt load relative to revenue than 83% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

14th percentile

-4.3%

Higher net margin than 14% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$146,702

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

75th percentile

22%

Faster asset growth than 75% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

55th percentile

16%

Faster revenue growth than 55% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$39,731,636

Up $7,130,365 (+22%) from 2020

Net Assets

Down

$3,279,629

Down $1,451,432 (-31%) from 2020

Liabilities

Up

$36,452,007

Up $8,581,797 (+31%) from 2020

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin14th percentile

Revenue

Up

$27,326,865

Up $3,727,266 (+16%) from 2020

Expenses

Up

$28,496,066

Up $5,086,568 (+22%) from 2020

Net Income

Down

-$1,169,201

Down $1,359,302 (-715%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth75th 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

2021

Assets$39,731,636
Liabilities$36,452,007
Net Assets$3,279,629
Open 2021 Filing

Operations Trend

Revenue Growth55th 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

2021

Revenue$27,326,865
Expenses$28,496,066
Net Income-$1,169,201
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 17, 2021
Return Version
2020v4.0
Gross Receipts
$27,348,918
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$26,707,512$29,594,671▲ $2,887,159
Savings and Temporary Cash Investments$3,016,199$6,767,528▲ $3,751,329
Cash and Non-Interest-Bearing Accounts$2,513,902$3,176,431▲ $662,529
Pledges and Grants Receivable$57,309$137,010▲ $79,701
Prepaid Expenses and Deferred Charges$21,153$52,531▲ $31,378
Accounts Receivable$2,965$3,465▲ $500
Total Assets$32,601,271$39,731,636▲ $7,130,365
Other Assets Total$282,231--
Liabilities
Tax Exempt Bond Liabilities$17,340,000$27,510,000▲ $10,170,000
Accounts Payable and Accrued Expenses$1,879,460$4,938,523▲ $3,059,063
Other Liabilities$433,904$3,890,802▲ $3,456,898
Mortgage Notes Payable Secured by Investment Property$8,216,846$112,682▼ $8,104,164
Total Liabilities$27,870,210$36,452,007▲ $8,581,797
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,731,061$3,279,629▼ $1,451,432
Total Net Assets Fund Balance$4,731,061$3,279,629▼ $1,451,432
Total Liabilities and Net Assets / Fund Balance$32,601,271$39,731,636▲ $7,130,365

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,447,272$3,600,829$26,048,101
Land$6,747,269-$6,747,269
Equipment$111,430$483,206$594,636
Leasehold Improvements$288,700$124,929$413,629
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brad NelsonExecutive DiFT$134,485$12,217$146,702
Jamie ChristensenExecutive DiFT$134,330$9,500$143,830
Christina GueveraRegional DirectorFT$112,063$5,158$117,221

Board Members and Trustees

NameTitle
Jason SteenblikPresident
Dennis BullardBoard Member
Larry BethersBoard Member
Marney DevroomBoard Member
Marcy JohnsonSecretary
Amy LoertscherTreasurer
Nick WrightVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$27,022,541
Program Service Revenue
$177,059
Investment Income
$29,340
Other Revenue
$97,925
All Other Contributions
$61,396
Change in Net Assets
$-1,169,201

Audited Revenue Reconciliation

Revenue per Audited Statements
$27,326,865
Revenue Not Reported on Form 990
$22,053
Total Revenue per Audited Statements
$27,348,918
Total Revenue per Form 990
$27,326,865
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$21,077,562
Other Expenses$7,418,504
Total Fundraising Expense$38,618
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,898,834$2,503,491$42$17,402,367
Fees for Services Other$724,096$1,725,849-$2,449,945
Other Employee Benefits$1,300,443$249,401$867$1,550,711
Payroll Taxes$1,417,625--$1,417,625
Interest$921,612$223,332$1,553$1,146,497
Depreciation Depletion$630,647$152,823$1,062$784,532
Information Technology$346,745$113,415-$460,160
Occupancy$420,892$23,154$161$444,207
Current Officers, Directors, Trustees, and Key Employees$380,878--$380,878
Pension Plan Contributions$325,981--$325,981
Other Expenses$306,223$176,288$34,848$306,223
Conferences and Meetings$124,067--$124,067
Insurance$62,704--$62,704
All Other Expenses$56,580--$56,580
Fees for Services Accounting-$46,716-$46,716
Office Expenses$22,746--$22,746
Travel$13,420--$13,420
Advertising$5,123-$85$5,208
Total Functional Expenses$22,902,267$5,555,181$38,618$28,496,066

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$28,518,119
Expenses per Audited Statements$28,496,066
Total Expenses per Form 990$28,496,066
Expenses Not Reported on Form 990$22,053
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$29,680
Fundraising Direct Expenses$17,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fun Run$29,680$29,680$17,000$12,680
Total Events$29,680$29,680$17,000$12,680
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$3,890,802

Bond Issues

BondIssuerIssuedIssue PricePurpose
AUtah Charter School Finance Authori2020-10-01$27,910,000Finance construction of facilities, retire a note payable, and advance refund series 2015 bonds.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$31,464,728$8,026,256$16,040,445$588,925

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
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
Executive Director
Phone
8019360318
Signed
2021-12-17
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
666
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

“Removal of unamortized bond issuance costs.”

Financial Statement Notes

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

“Fundraising event expense 17,000 loss on disposal 5,053”

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

“Fundraising event expense 17,000 loss on disposal 5,053”

Raw XML AppendixShowing 400 of 527 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/BOYAmt01879460
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04938523
IRS990/AccountsReceivableGrp/BOYAmt02965
IRS990/AccountsReceivableGrp/EOYAmt03465
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES.
IRS990/AdvertisingGrp/FundraisingAmt085
IRS990/AdvertisingGrp/ProgramServicesAmt05123
IRS990/AdvertisingGrp/TotalAmt05208
IRS990/AllOtherContributionsAmt061396
IRS990/AllOtherExpensesGrp/ProgramServicesAmt056580
IRS990/AllOtherExpensesGrp/TotalAmt056580
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/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt02513902
IRS990/CashNonInterestBearingGrp/EOYAmt03176431
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0380878
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0380878
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0124067
IRS990/ConferencesMeetingsGrp/TotalAmt0124067
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt027022541
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt029340
IRS990/CYOtherExpensesAmt07418504
IRS990/CYOtherRevenueAmt097925
IRS990/CYProgramServiceRevenueAmt0177059
IRS990/CYRevenuesLessExpensesAmt0-1169201
IRS990/CYSalariesCompEmpBnftPaidAmt021077562
IRS990/CYTotalExpensesAmt028496066
IRS990/CYTotalFundraisingExpenseAmt038618
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt027326865
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt01062
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0152823
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0630647
IRS990/DepreciationDepletionGrp/TotalAmt0784532
IRS990/Desc0OPERATION OF ONE PUBLIC CHARTER SCHOOL FOR STUDENTS FROM KINDERGARTEN TO TWELFTH GRADE.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0666
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt022343014
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt046716
IRS990/FeesForServicesAccountingGrp/TotalAmt046716
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt01725849
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0724096
IRS990/FeesForServicesOtherGrp/TotalAmt02449945
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
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/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt012217
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt19500
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt25158
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0BRAD NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm1JAMIE CHRISTENSEN
IRS990/Form990PartVIISectionAGrp/PersonNm2CHRISTINA GUEVERA
IRS990/Form990PartVIISectionAGrp/PersonNm3LARRY BETHERS
IRS990/Form990PartVIISectionAGrp/PersonNm4DENNIS BULLARD
IRS990/Form990PartVIISectionAGrp/PersonNm5MARNEY DEVROOM
IRS990/Form990PartVIISectionAGrp/PersonNm6MARCY JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm7AMY LOERTSCHER
IRS990/Form990PartVIISectionAGrp/PersonNm8JASON STEENBLIK
IRS990/Form990PartVIISectionAGrp/PersonNm9NICK WRIGHT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0134485
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1134330
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2112063
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt2REGIONAL DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDE
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt017000
IRS990/FundraisingGrossIncomeAmt029680
IRS990/GainOrLossGrp/OtherAmt0-5053
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt026961145
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt027348918
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0113415
IRS990/InformationTechnologyGrp/ProgramServicesAmt0346745
IRS990/InformationTechnologyGrp/TotalAmt0460160
IRS990/InsuranceGrp/ProgramServicesAmt062704
IRS990/InsuranceGrp/TotalAmt062704
IRS990/InterestGrp/FundraisingAmt01553
IRS990/InterestGrp/ManagementAndGeneralAmt0223332
IRS990/InterestGrp/ProgramServicesAmt0921612
IRS990/InterestGrp/TotalAmt01146497
IRS990/InvestmentIncomeGrp/ExclusionAmt034393
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt034393
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04208964
IRS990/LandBldgEquipBasisNetGrp/BOYAmt026707512
IRS990/LandBldgEquipBasisNetGrp/EOYAmt029594671
IRS990/LandBldgEquipCostOrOtherBssAmt033803635
IRS990/LegalDomicileStateCd0UT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt05053
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/BOYAmt08216846
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0112682
IRS990/NetAssetsOrFundBalancesBOYAmt04731061
IRS990/NetAssetsOrFundBalancesEOYAmt03279629
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-5053
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-5053
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt012680
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt012680
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04731061
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03279629
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0161
IRS990/OccupancyGrp/ManagementAndGeneralAmt023154
IRS990/OccupancyGrp/ProgramServicesAmt0420892
IRS990/OccupancyGrp/TotalAmt0444207
IRS990/OfficeExpensesGrp/ProgramServicesAmt022746
IRS990/OfficeExpensesGrp/TotalAmt022746
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0282231
IRS990/OtherChangesInNetAssetsAmt0-282231
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0867
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0249401
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01300443
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01550711
IRS990/OtherExpensesGrp/Desc0TEXTBOOKS & EQUIPMENT
IRS990/OtherExpensesGrp/Desc1SUPPLIES & MATERIALS
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3FOOD
IRS990/OtherExpensesGrp/FundraisingAmt034848
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0254495
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt186217
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2176288
IRS990/OtherExpensesGrp/ProgramServicesAmt0381742
IRS990/OtherExpensesGrp/ProgramServicesAmt1317913
IRS990/OtherExpensesGrp/ProgramServicesAmt2243996
IRS990/OtherExpensesGrp/ProgramServicesAmt3306223
IRS990/OtherExpensesGrp/TotalAmt0636237
IRS990/OtherExpensesGrp/TotalAmt1438978
IRS990/OtherExpensesGrp/TotalAmt2420284
IRS990/OtherExpensesGrp/TotalAmt3306223
IRS990/OtherLiabilitiesGrp/BOYAmt0433904
IRS990/OtherLiabilitiesGrp/EOYAmt03890802
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt085245
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt085245
IRS990/OtherRevenueTotalAmt085245
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt042
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02503491
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt014898834
IRS990/OtherSalariesAndWagesGrp/TotalAmt017402367
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt01417625
IRS990/PayrollTaxesGrp/TotalAmt01417625
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0325981
IRS990/PensionPlanContributionsGrp/TotalAmt0325981
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt057309
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0137010
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021153
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt052531
IRS990/PrincipalOfficerNm0BRAD NELSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT ACTIVITIES AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1DAY CARE FEES
IRS990/ProgramServiceRevenueGrp/Desc2LUNCH PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0150419
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt119454
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt27186
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0150419
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt119454
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt27186
IRS990/ProgSrvcAccomActy2Grp/Desc0OPERATION OF A DAY CARE AND PRESCHOOL SERVICES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0532127
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt07186
IRS990/ProgSrvcAccomActy3Grp/Desc0OPERATION OF A FOOD SERVICES PROGRAM FOR THE CONVENIENCE OF THE STUDENTS AND FACULTY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt027126
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt019454
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt023246627
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt071309
IRS990/PYOtherExpensesAmt04730083
IRS990/PYOtherRevenueAmt036662
IRS990/PYProgramServiceRevenueAmt0245001
IRS990/PYRevenuesLessExpensesAmt0190101
IRS990/PYSalariesCompEmpBnftPaidAmt018679415
IRS990/PYTotalExpensesAmt023409498
IRS990/PYTotalRevenueAmt023599599
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-1169201
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0150419
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03016199
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06767528
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt022447272
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03600829
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt026048101
IRS990ScheduleD/EquipmentGrp/BookValueAmt0111430
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0483206
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0594636
IRS990ScheduleD/ExpensesNotReportedAmt022053
IRS990ScheduleD/ExpensesSubtotalAmt028496066
IRS990ScheduleD/LandGrp/BookValueAmt06747269
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06747269
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0288700
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0124929
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0413629
IRS990ScheduleD/OtherExpensesIncludedAmt022053
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03890802
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BOND PREMIUMS, NET
IRS990ScheduleD/OtherRevenueAmt022053
IRS990ScheduleD/RevenueNotReportedAmt022053
IRS990ScheduleD/RevenueSubtotalAmt027326865
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EVENT EXPENSE 17,000 LOSS ON DISPOSAL 5,053
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EVENT EXPENSE 17,000 LOSS ON DISPOSAL 5,053
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt029594671
IRS990ScheduleD/TotalExpensesPerForm990Amt028496066
IRS990ScheduleD/TotalLiabilityAmt03890802
IRS990ScheduleD/TotalRevenuePerForm990Amt027326865
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt027348918
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt028518119
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/DirectExpenseSummaryEventsAmt017000
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUN RUN
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt029680
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt029680
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt029680
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt029680
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt012680
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt017000
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt017000
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0UTAH CHARTER SCHOOL FINANCE AUTHORIT FINANCE CONSTRUCTION OF FACILITIES, RETIRE A NOTE PAYABLE, AND ADVANCE REFUND SERIES 2015 BONDS.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PURPOSE OF ISSUE DESCRIPTION
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,731,636
Liabilities
$36,452,007
Net assets
$3,279,629
Revenue
$27,326,865
Expenses
$28,496,066
Net income
-$1,169,201
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
2021Detailed filing. Detailed filing data is available for this year.$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
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