Civic Intelligence

Wgu Academy

990 • Fiscal year 2021 • EIN 85-2768979

Jul 01, 2020 to Jun 30, 2021 • Filed on May 12, 2022

4001 SOUTH 700 EAST Suite 700Salt Lake City, UT 84107

(888) 210-8880

Siviq Scores

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

Liabilities / Assets

99th percentile

1.69x

Higher debt load relative to assets than 99% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

20th percentile

0.05x

Higher debt load relative to revenue than 20% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

87th percentile

53%

Higher net margin than 87% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

98th percentile

$1,584,802

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 10.8% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$434,851

No earlier filing loaded for comparison.

Net Assets

-$299,025

No earlier filing loaded for comparison.

Liabilities

$733,876

No earlier filing loaded for comparison.

Revenue

$14,679,967

No earlier filing loaded for comparison.

Expenses

$6,938,326

No earlier filing loaded for comparison.

Net Income

$7,741,641

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2021: $434,851Liabilities 2021: $733,876Net Assets 2021: -$299,0252021Assets 2022: $1,556,994Liabilities 2022: $1,235,962Net Assets 2022: $321,0322022Assets 2023: $1,570,757Liabilities 2023: $1,249,725Net Assets 2023: $321,0322023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2021

Assets$434,851
Liabilities$733,876
Net Assets-$299,025

Operations Trend

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

$20M$15M$10M$5.0M$0Revenue 2021: $14,679,967Expenses 2021: $6,938,326Net Income 2021: $7,741,6412021Revenue 2022: $15,616,442Expenses 2022: $14,996,385Net Income 2022: $620,0572022Revenue 2023: $17,310,646Expenses 2023: $17,310,646Net Income 2023: $02023Revenue 2024: $16,297,273Expenses 2024: $16,232,878Net Income 2024: $64,3952024

Highlighted filing

2021

Revenue$14,679,967
Expenses$6,938,326
Net Income$7,741,641
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 12, 2022
Return Version
2020v4.1
Gross Receipts
$14,679,967
Mission and Program Overview

Mission

Support the educational and charitable purposes of educational entities by engaging in research and development and offering programs and courses to improve readiness for and success in postsecondary education.

To provide for the instruction of students in support of the education educational purposes of western governors university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$0$205,185▲ $205,185
Accounts Receivable$0$135,554▲ $135,554
Land, Buildings, and Equipment, Net$0$54,377▲ $54,377
Savings and Temporary Cash Investments$0$39,735▲ $39,735
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$0$434,851▲ $434,851
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$497,889▲ $497,889
Deferred Revenue$0$235,987▲ $235,987
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$733,876▲ $733,876
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$0$-299,025▼ $299,025
Total Net Assets Fund Balance$0$-299,025▼ $299,025
Total Liabilities and Net Assets / Fund Balance$0$434,851▲ $434,851

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$54,377$8,650$63,027
Compensation and Service Providers

Board Members and Trustees

NameTitle
Scott PulsipherDirector (chair)
Patrick PartridgePresident (until 1/31/2021)
Tammy JohnsDirector
Adam DavisInterm Pres (2/11/2021)
Mark ShafferSecretary
Scott TannerTreasurer (until 2/11/2022)
Revenue and Support

Revenue Composition

Contributions and Grants
$11,110,000
Program Service Revenue
$3,551,571
Investment Income
$18,371
Other Revenue
$25
Change in Net Assets
$7,741,641
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,646,262
Salaries, Compensation, and Employee Benefits$3,151,789
Grants and Similar Amounts Paid$140,275
Total Fundraising Expense$6,705
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$2,720,983$330,087-$3,051,070
Other Salaries and Wages$1,708,331$410,684$4,910$2,123,925
Other Employee Benefits$309,884$78,151$778$388,813
Current Officers, Directors, Trustees, and Key Employees$248,346$82,782-$331,128
Information Technology$261,381$46,220$253$307,854
Payroll Taxes$150,589$37,978$378$188,945
Grants to Domestic Individuals$140,275--$140,275
Occupancy$104,646$22,071$127$126,844
Pension Plan Contributions$94,825$23,915$238$118,978
Fees for Services Accounting$5$49,430-$49,435
Fees for Services Legal-$37,148-$37,148
Fees for Services Management$28,840--$28,840
Advertising$24,224--$24,224
Depreciation Depletion$7,451$1,571$9$9,031
Office Expenses$4,010$1,261$4$5,275
Insurance$3,050$769$8$3,827
Travel$2,533--$2,533
Conferences and Meetings$181--$181
Total Functional Expenses$5,809,554$1,122,067$6,705$6,938,326
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section B, Line 11B

The form 990 is reviewed by the organization officers and distributed to the board for review prior to filing.

Part VI, Section B, Line 12C

The organization requires all directors to disclose possible conflicts annually.

Part VI, Section B, Line 15A & 15B

The organization hires a compensation consultant every other year to review compensation paid to employees. The most recent review was for fy21-fy22. In addition, the organization participates in 3 - 5 compensation surveys in order to benchmark its compensation at least annually. The board reviews and approves the compensation and the performance goals for the organization. Officers review compensation for their respective employees.

Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Wgu Academy
EIN
85-2768979
In Care Of
% NADEEM SYED
Phone
8882108880
Address
4001 SOUTH 700 EAST Suite 700, SALT LAKE CITY, UT 84107

Signing Officer

Name
Curt Defriez
Title
Treasurer (2/11/22)
Phone
3854288146
Signed
2022-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Lee
Formed
2020
Legal Domicile
Ut
Voting Board Members
2
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Bdo USA Llp
Address
299 S MAIN ST 10TH FLOOR, SALT LAKE CITY, UT 84111
Preparer
Joanna Johnston
Phone
8012691818
Supplemental Narrative

Additional Explanations

Part XI, Line 9

When wgu labs spun off the wgu academy business unit into its own separately company on 1/1/2021, the transfer included $8,040,666 of wgu labs' net deficit (out of a total net deficit of $13,692,295 as of 12/31/2020).

Form 990 Part IX Line 11G

Description:learning resources total fees:2685849

Form 990 Part IX Line 11G

Description:policy and public affairs serv total fees:32960

Form 990 Part IX Line 11G

Description:operations and hr services total fees:150380

Form 990 Part IX Line 11G

Description:other consulting total fees:181881

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IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-8040666
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0778
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt078151
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0309884
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0388813
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt025
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt025
IRS990/OtherRevenueTotalAmt025
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04910
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0410684
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01708331
IRS990/OtherSalariesAndWagesGrp/TotalAmt02123925
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0378
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt037978
IRS990/PayrollTaxesGrp/ProgramServicesAmt0150589
IRS990/PayrollTaxesGrp/TotalAmt0188945
IRS990/PensionPlanContributionsGrp/FundraisingAmt0238
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt023915
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt094825
IRS990/PensionPlanContributionsGrp/TotalAmt0118978
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0205185
IRS990/PrincipalOfficerNm0CHRIS LEE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0GROSS PROGRAM TUITION AND FEES - WGU ACADEMY
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE FEES FROM WGU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02954571
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1597000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02954571
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1597000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt07741641
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt011110000
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03551596
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt039735
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/EquipmentGrp/BookValueAmt054377
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08650
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt063027
IRS990ScheduleD/TotalBookValueLandBuildingsAmt054377
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS PUBLICIZED ITS NON-DISCRIMINATION POLICY ON ITS HOME WEBPAGE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0140275
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS AND TUITION WAIVERS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0610
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ASSIGNS MANAGERS OVER GRANT FUNDS, WHO TRACK GRANT FUNDS TO ENSURE THEY ARE USED APPROPRIATELY AND EXPENDED FOR THEIR INTENDED PURPOSE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART I, LINE 2
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0680000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt1110950
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt27500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt325000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt41950
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0638408
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1311449
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2186794
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3208055
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4157473
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt017100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt117100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt211712
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt312012
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt49848
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt027711
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt122824
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt227511
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt326611
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0221583
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SCOTT PULSIPHER

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