Civic Intelligence

Wasatch Academy

990 • Fiscal year 2020 • EIN 87-0290194

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 28, 2021

Organization ProfileWWW.WASATCHACADEMY.ORG

View Organization Page

120 S 100 WMT Pleasant, UT 84647

(435) 462-2411

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.19x

Higher debt load relative to assets than 42% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

49th percentile

0.34x

Higher debt load relative to revenue than 49% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

64th percentile

9.3%

Higher net margin than 64% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

18th percentile

-2.0%

Faster asset growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

51st percentile

3.1%

Faster revenue growth than 51% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Down

$41,647,203

Down $867,845 (-2.0%) from 2019

Net Assets

Up

$33,805,459

Up $2,147,080 (+6.8%) from 2019

Liabilities

Down

$7,841,744

Down $3,014,925 (-28%) from 2019

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin64th percentile

Revenue

Up

$23,011,551

Up $699,730 (+3.1%) from 2019

Expenses

Down

$20,864,471

Down $395,144 (-1.9%) from 2019

Net Income

Up

$2,147,080

Up $1,094,874 (+104%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$60M$40M$20M$0Assets 2010: $16,875,298Liabilities 2010: $6,961,276Net Assets 2010: $9,914,0222010Assets 2011: $18,460,628Liabilities 2011: $7,799,063Net Assets 2011: $10,661,5652011Assets 2012: $25,614,239Liabilities 2012: $8,198,322Net Assets 2012: $17,415,9172012Assets 2013: $26,205,671Liabilities 2013: $7,370,230Net Assets 2013: $18,835,4412013Assets 2014: $28,804,323Liabilities 2014: $8,613,538Net Assets 2014: $20,190,7852014Assets 2015: $30,522,518Liabilities 2015: $7,442,207Net Assets 2015: $23,080,3112015Assets 2016: $38,096,460Liabilities 2016: $9,960,844Net Assets 2016: $28,135,6162016Assets 2017: $38,106,717Liabilities 2017: $9,733,010Net Assets 2017: $28,373,7072017Assets 2018: $42,249,769Liabilities 2018: $11,643,596Net Assets 2018: $30,606,1732018Assets 2019: $42,515,048Liabilities 2019: $10,856,669Net Assets 2019: $31,658,3792019Assets 2020: $41,647,203Liabilities 2020: $7,841,744Net Assets 2020: $33,805,4592020Assets 2021: $45,204,427Liabilities 2021: $8,501,777Net Assets 2021: $36,702,6502021Assets 2022: $45,866,695Liabilities 2022: $8,414,085Net Assets 2022: $37,452,6102022Assets 2023: $45,187,850Liabilities 2023: $7,714,259Net Assets 2023: $37,473,5912023Assets 2024: $44,192,456Liabilities 2024: $6,823,276Net Assets 2024: $37,369,1802024

Highlighted filing

2020

Assets$41,647,203
Liabilities$7,841,744
Net Assets$33,805,459
Open 2020 Filing

Operations Trend

Revenue Growth51st percentile

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

$30M$20M$10M$0-$10MExpenses 2010: $8,874,4162010Expenses 2011: $9,641,7332011Expenses 2012: $10,949,6202012Expenses 2013: $11,679,5162013Revenue 2014: $13,726,530Expenses 2014: $12,370,586Net Income 2014: $1,355,9442014Revenue 2015: $15,826,905Expenses 2015: $12,936,979Net Income 2015: $2,889,9262015Revenue 2016: $19,503,695Expenses 2016: $14,447,021Net Income 2016: $5,056,6742016Revenue 2017: $20,208,831Expenses 2017: $19,970,740Net Income 2017: $238,0912017Revenue 2018: $23,824,566Expenses 2018: $21,592,100Net Income 2018: $2,232,4662018Revenue 2019: $22,311,821Expenses 2019: $21,259,615Net Income 2019: $1,052,2062019Revenue 2020: $23,011,551Expenses 2020: $20,864,471Net Income 2020: $2,147,0802020Revenue 2021: $19,477,280Expenses 2021: $16,580,089Net Income 2021: $2,897,1912021Revenue 2022: $17,823,805Expenses 2022: $16,375,497Net Income 2022: $1,448,3082022Revenue 2023: $16,158,875Expenses 2023: $16,951,881Net Income 2023: -$793,0062023Revenue 2024: $14,816,131Expenses 2024: $16,569,479Net Income 2024: -$1,753,3482024

Highlighted filing

2020

Revenue$23,011,551
Expenses$20,864,471
Net Income$2,147,080
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 28, 2021
Return Version
2019v5.2
Gross Receipts
$23,061,862
Mission and Program Overview

Mission

To provide student education for students in a private preparatory high school

Wasatch academy provides a nurturing community that empowers young men and women to develop academically, socially and morally, preparing them for college and for the challenges of living in the 21st century.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$26,417,415$25,844,389▼ $573,026
Cash and Non-Interest-Bearing Accounts$4,556,720$5,696,105▲ $1,139,385
Investments in Publicly Traded Securities$10,235,139$5,371,071▼ $4,864,068
Pledges and Grants Receivable$65,112$3,002,400▲ $2,937,288
Savings and Temporary Cash Investments$652,842$884,740▲ $231,898
Investments Other Securities$13,400$13,400→ $0
Total Assets$42,515,048$41,647,203▼ $867,845
Other Assets Total$574,420$835,098▲ $260,678
Liabilities
Deferred Revenue$6,508,109$4,043,192▼ $2,464,917
Mortgage Notes Payable Secured by Investment Property$2,764,068$2,676,689▼ $87,379
Other Liabilities$1,336,673$951,290▼ $385,383
Accounts Payable and Accrued Expenses$247,819$170,573▼ $77,246
Total Liabilities$10,856,669$7,841,744▼ $3,014,925
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$26,317,476$28,306,980▲ $1,989,504
Net Assets With Donor Restrictions$5,340,903$5,498,479▲ $157,576
Total Net Assets Fund Balance$31,658,379$33,805,459▲ $2,147,080
Total Liabilities and Net Assets / Fund Balance$42,515,048$41,647,203▼ $867,845

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$24,020,941$13,013,327$37,034,268
Equipment$333,658$2,471,849$2,805,507
Other Land Buildings$496,934$601,259$1,098,193
Land$992,856-$992,856

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$5,339,652$99,826▲ $54,001-$5,493,479
2018$5,115,364$14,014▲ $210,274-$5,339,652
2017$4,828,467$31,902▲ $254,955-$5,115,364
2016$5,019,186$12,550▲ $296,731$500,000$4,828,467
2015$2,693,246$2,507,450▼ $68,091$112,050$5,019,186
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joseph LoftinHead of SchoolFT$393,872$22,267$416,139
Paul ApplegarthAssistant Head of School for Finance/facilitiesFT$195,700$15,656$211,356
Paul ApplegarthAssistant Head of School for Finance-$195,700$15,656$211,356
James DetjenAssistant Head of School for Branding and CommunicFT$151,200-$151,200
James DetjenAssistant Head of School for Brandin-$151,200-$151,200
Graham JesseeDirector of Global InitiativesFT$122,000$9,760$131,760
J Dianne BredersonAssistant Head of School for AcademicsFT$118,900$9,512$128,412
Tyler KennedyDean of Residential LifeFT$113,700$9,096$122,796

Board Members and Trustees

NameTitle
Terry FeeneyPresident
Val FerneliusVice President
Forest CuchTrustee
Fred AxelgardTrustee
Gary RoylanceTrustee
Hadyn DaugsTrustee
Jack McallisterTrustee
Jerry HuTrustee
Joe PorterTrustee
Lonnie EllisTrustee
Lynn RemingtonTrustee
Michael MurphyTrustee
Shawn DoughertyTrustee
Terri MccarthyTrustee
Tom PetersonTrustee
Katie HallettSecretary
Robert KimseyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,648,564
Program Service Revenue
$17,636,329
Investment Income
$-267,486
Other Revenue
$-5,856
All Other Contributions
$4,062,022
Change in Net Assets
$2,147,080

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,374,137
Revenue Not Reported on Financial Statements
$5,637,414
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$5,637,414
Total Revenue per Audited Statements
$17,374,137
Total Revenue per Form 990
$23,011,551
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,321,960
Other Expenses$5,876,748
Grants and Similar Amounts Paid$5,665,763
Total Fundraising Expense$314,659
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,232,112$587,681$206,377$6,026,170
Grants to Domestic Individuals$5,665,763--$5,665,763
Depreciation Depletion$1,358,036$63,991-$1,422,027
Other Employee Benefits$1,058,919$251,798$39,117$1,349,834
Current Officers, Directors, Trustees, and Key Employees$382,968$779,095-$1,162,063
Occupancy$880,114$41,471-$921,585
Information Technology$532,179$41,403$58$573,640
Payroll Taxes$423,995$100,821$15,663$540,479
Fees for Services Other$79,473$269,069-$348,542
Travel$147,620$168,919$10,523$327,062
Advertising$10,197$268,858$14,284$293,339
Other Expenses$39,396$210,649$475$250,520
Pension Plan Contributions$214,903$19,524$8,987$243,414
Insurance$156,050$7,353-$163,403
Fees for Services Accounting-$87,264-$87,264
Conferences and Meetings$69,122$1,157-$70,279
Fees for Services Legal-$53,670-$53,670
Office Expenses$13,110$8,042$19,175$40,327
Total Functional Expenses$17,589,047$2,960,765$314,659$20,864,471

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$20,864,471
Total Expenses per Audited Statements$15,227,057
Expenses per Audited Statements$15,198,708
Expenses Not Reported on Financial Statements$5,665,763
Other Expense Adjustments$5,665,763
Expenses Not Reported on Form 990$28,349
International Activity

International Summary

Offices
0
Employees
0
Spending
$142,892

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the Pacific -Recruiting for New Students---$92,964
Europe (including Iceland & Greenland) -Recruiting for New Students---$33,619
South America - Argentina, Bolivia,Recruiting for New Students---$16,309
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$21,056
Fundraising Gross Income$12,606
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Liabilities$951,290
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, Part VI, Section B, Line 11B

“Management and the board of trustees reviewed the return before it was filed.”

Form 990, Part VI, Section B, Line 12C

“The board of trustees and all key employees sign a conflict of interest policy and disclosure every year. All disclosures are reviewed and maintained by the board of trustees.”

Form 990, Part VI, Section B, Line 15

“In a previous year as part of creating a multi-year employment contract for the head of the school, the school hired an independent consultant. The consultant provided expertise relative to head of school compensation for private schools. Utilizing this information, the board of trustees, comprised entirely of independent directors, issued a multi-year employment contract to the head of school. Competitive data on the compensation for all form 990 reported employees is developed from published private school compensation information. This information is reviewed annually by the head of school. Compensation decisions for these employees, along with competitive compensation information are then reviewed by the executive committee of the board, comprised entirely of independent directors. Compensation of all form 990 employees is reported to the entire board as part of the form 990 review process.”

Form 990, Part VI, Section C, Line 19

“The organization makes its documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Wasatch Academy
EIN
87-0290194
Phone
4354622411
Address
120 S 100 W, MT PLEASANT, UT 84647

Signing Officer

Name
Paul Applegarth
Title
Director of Finance
Phone
4354622411
Signed
2021-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Applegarth
Formed
1972
Legal Domicile
Ut
Voting Board Members
17
Independent Board Members
17
Employees
248
Volunteers
50

Preparer

Firm
Tanner LLC
Address
36 S STATE STREET SUITE 600, SALT LAKE CITY, UT 84111
Preparer
Marc a Metcalf
Phone
8015327444
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The process has not changed from prior years.”

Financial Statement Notes

PART V, LINE 4:

“The largest portion of the endowment earnings can be used for day to day operations. The remainder of the endowment earnings can be used for scholarship. The principal of all the endowments are permanently restricted.”

PART X, LINE 2:

“As of june 30, 2020, the organization had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Gain on sale of fixed assets included in functional expenses per audit -28,349. Financial aid given netted with revenue per audit 5,665,763.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Gain on sale of fixed assets included in functional expenses per audit 28,349.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid given netted with revenue per audit 5,665,763.”

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IRS990/ActivityOrMissionDesc0WASATCH ACADEMY PROVIDES A NURTURING COMMUNITY THAT EMPOWERS YOUNG MEN AND WOMEN TO DEVELOP ACADEMICALLY, SOCIALLY AND MORALLY, PREPARING THEM FOR COLLEGE AND FOR THE CHALLENGES OF LIVING IN THE 21ST CENTURY.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt219760
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt229512
IRS990/Form990PartVIISectionAGrp/PersonNm0JOSEPH LOFTIN
IRS990/Form990PartVIISectionAGrp/PersonNm1KATIE HALLETT
IRS990/Form990PartVIISectionAGrp/PersonNm2JACK MCALLISTER
IRS990/Form990PartVIISectionAGrp/PersonNm3TERRI MCCARTHY
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHAEL MURPHY
IRS990/Form990PartVIISectionAGrp/PersonNm5FRED AXELGARD
IRS990/Form990PartVIISectionAGrp/PersonNm6VAL FERNELIUS
IRS990/Form990PartVIISectionAGrp/PersonNm7TERRY FEENEY
IRS990/Form990PartVIISectionAGrp/PersonNm8GARY ROYLANCE
IRS990/Form990PartVIISectionAGrp/PersonNm9LYNN REMINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm10SHAWN DOUGHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm11LONNIE ELLIS
IRS990/Form990PartVIISectionAGrp/PersonNm12FOREST CUCH
IRS990/Form990PartVIISectionAGrp/PersonNm13JOE PORTER
IRS990/Form990PartVIISectionAGrp/PersonNm14TOM PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm15HADYN DAUGS
IRS990/Form990PartVIISectionAGrp/PersonNm16JERRY HU
IRS990/Form990PartVIISectionAGrp/PersonNm17ROBERT KIMSEY
IRS990/Form990PartVIISectionAGrp/PersonNm18PAUL APPLEGARTH
IRS990/Form990PartVIISectionAGrp/PersonNm19TYLER KENNEDY
IRS990/Form990PartVIISectionAGrp/PersonNm20JAMES DETJEN
IRS990/Form990PartVIISectionAGrp/PersonNm21GRAHAM JESSEE
IRS990/Form990PartVIISectionAGrp/PersonNm22J DIANNE BREDERSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0393872
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18195700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19113700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20151200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21122000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22118900
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/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt18ASSISTANT HEAD OF SCHOOL FOR FINANCE/FACILITIES
IRS990/Form990PartVIISectionAGrp/TitleTxt19DEAN OF RESIDENTIAL LIFE
IRS990/Form990PartVIISectionAGrp/TitleTxt20ASSISTANT HEAD OF SCHOOL FOR BRANDING AND COMMUNIC
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR OF GLOBAL INITIATIVES
IRS990/Form990PartVIISectionAGrp/TitleTxt22ASSISTANT HEAD OF SCHOOL FOR ACADEMICS
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01972
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt021056
IRS990/FundraisingGrossIncomeAmt012606
IRS990/GainOrLossGrp/OtherAmt0-28349
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GovernmentGrantsAmt01586542
IRS990/GrantAmt05665763
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt05665763
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt05665763
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt023061862
IRS990/GrossRentsGrp/RealAmt03500
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt058
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt041403
IRS990/InformationTechnologyGrp/ProgramServicesAmt0532179
IRS990/InformationTechnologyGrp/TotalAmt0573640
IRS990/InsuranceGrp/ManagementAndGeneralAmt07353
IRS990/InsuranceGrp/ProgramServicesAmt0156050
IRS990/InsuranceGrp/TotalAmt0163403
IRS990/InvestmentIncomeGrp/ExclusionAmt0-239137
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0-239137
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt013400
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt013400
IRS990/InvestmentsPubTradedSecGrp/BOYAmt010235139
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05371071
IRS990/IRPDocumentCnt029
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt016086435
IRS990/LandBldgEquipBasisNetGrp/BOYAmt026417415
IRS990/LandBldgEquipBasisNetGrp/EOYAmt025844389
IRS990/LandBldgEquipCostOrOtherBssAmt041930824
IRS990/LegalDomicileStateCd0UT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt028349
IRS990/LessRentalExpensesGrp/RealAmt0906
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WASATCH ACADEMY PROVIDES A NURTURING COMMUNITY THAT EMPOWERS YOUNG MEN AND WOMEN TO DEVELOP ACADEMICALLY, SOCIALLY AND MORALLY, PREPARING THEM FOR COLLEGE AND FOR THE CHALLENGES OF LIVING IN THE 21ST CENTURY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02764068
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02676689
IRS990/NetAssetsOrFundBalancesBOYAmt031658379
IRS990/NetAssetsOrFundBalancesEOYAmt033805459
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-28349
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-28349
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-8450
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-8450
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt02594
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt02594
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt026317476
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt028306980
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt041471
IRS990/OccupancyGrp/ProgramServicesAmt0880114
IRS990/OccupancyGrp/TotalAmt0921585
IRS990/OfficeExpensesGrp/FundraisingAmt019175
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08042
IRS990/OfficeExpensesGrp/ProgramServicesAmt013110
IRS990/OfficeExpensesGrp/TotalAmt040327
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0574420
IRS990/OtherAssetsTotalGrp/EOYAmt0835098
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt039117
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0251798
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01058919
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01349834
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL PROGRAM EXP
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt0475
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0210649
IRS990/OtherExpensesGrp/ProgramServicesAmt01325090
IRS990/OtherExpensesGrp/ProgramServicesAmt139396
IRS990/OtherExpensesGrp/TotalAmt01325090
IRS990/OtherExpensesGrp/TotalAmt1250520
IRS990/OtherLiabilitiesGrp/BOYAmt01336673
IRS990/OtherLiabilitiesGrp/EOYAmt0951290
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0206377
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0587681
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05232112
IRS990/OtherSalariesAndWagesGrp/TotalAmt06026170
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt015663
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0100821
IRS990/PayrollTaxesGrp/ProgramServicesAmt0423995
IRS990/PayrollTaxesGrp/TotalAmt0540479
IRS990/PensionPlanContributionsGrp/FundraisingAmt08987
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt019524
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0214903
IRS990/PensionPlanContributionsGrp/TotalAmt0243414
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt065112
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03002400
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0PAUL APPLEGARTH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1DUAL DIPLOMA PROGRAM SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2AUXILIARY ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt015942663
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11483976
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2209690
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt015942663
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11483976
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2209690
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01502667
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt05175610
IRS990/PYInvestmentIncomeAmt0543406
IRS990/PYOtherExpensesAmt08144809
IRS990/PYOtherRevenueAmt014741
IRS990/PYProgramServiceRevenueAmt020251007
IRS990/PYRevenuesLessExpensesAmt01052206
IRS990/PYSalariesCompEmpBnftPaidAmt07939196
IRS990/PYTotalExpensesAmt021259615

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$41,647,203
Liabilities
$7,841,744
Net assets
$33,805,459
Revenue
$23,011,551
Expenses
$20,864,471
Net income
$2,147,080
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$44.2$6.82$37.4$14.8$16.6$1.75
2023Detailed filing. Detailed filing data is available for this year.$45.2$7.71$37.5$16.2$17.0$0.79
2022Detailed filing. Detailed filing data is available for this year.$45.9$8.41$37.5$17.8$16.4$1.45
2021Detailed filing. Detailed filing data is available for this year.$45.2$8.50$36.7$19.5$16.6$2.90
2020Detailed filing. Detailed filing data is available for this year.$41.6$7.84$33.8$23.0$20.9$2.15
2019Detailed filing. Detailed filing data is available for this year.$42.5$10.9$31.7$22.3$21.3$1.05
2018Detailed filing. Detailed filing data is available for this year.$42.2$11.6$30.6$23.8$21.6$2.23
2017Detailed filing. Detailed filing data is available for this year.$38.1$9.73$28.4$20.2$20.0$0.24
2016Detailed filing. Detailed filing data is available for this year.$38.1$9.96$28.1$19.5$14.4$5.06
2015Detailed filing. Detailed filing data is available for this year.$30.5$7.44$23.1$15.8$12.9$2.89
2014Detailed filing. Detailed filing data is available for this year.$28.8$8.61$20.2$13.7$12.4$1.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.2$7.37$18.8$11.7
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.6$8.20$17.4$10.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.5$7.80$10.7$9.64
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.9$6.96$9.91$8.87