Civic Intelligence

Wasatch Academy

990 • Fiscal year 2022 • EIN 87-0290194

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 03, 2023

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

46th percentile

0.18x

Higher debt load relative to assets than 46% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

63rd percentile

0.47x

Higher debt load relative to revenue than 63% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

54th percentile

8.1%

Higher net margin than 54% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

70th percentile

$352,544

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

54th percentile

1.5%

Faster asset growth than 54% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

27th percentile

-8.5%

Faster revenue growth than 27% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$45,866,695

Up $662,268 (+1.5%) from 2021

Net Assets

Up

$37,452,610

Up $749,960 (+2.0%) from 2021

Liabilities

Down

$8,414,085

Down $87,692 (-1.0%) from 2021

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin54th percentile

Revenue

Down

$17,823,805

Down $1,653,475 (-8.5%) from 2021

Expenses

Down

$16,375,497

Down $204,592 (-1.2%) from 2021

Net Income

Down

$1,448,308

Down $1,448,883 (-50%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth54th 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

2022

Assets$45,866,695
Liabilities$8,414,085
Net Assets$37,452,610
Open 2022 Filing

Operations Trend

Revenue Growth27th 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

2022

Revenue$17,823,805
Expenses$16,375,497
Net Income$1,448,308
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 3, 2023
Return Version
2021v4.2
Gross Receipts
$17,959,400
Mission and Program Overview

Mission

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

Wasatch academy is a nurturing community empowering young people to develop academically, socially, emotionally, physically, and ethically, by preparing them for the opportunity of college, work, and a lifetime of learning and contributing to our global society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,916,920$24,450,825▼ $466,095
Investments in Publicly Traded Securities$11,209,390$11,244,496▲ $35,106
Cash and Non-Interest-Bearing Accounts$4,834,393$5,512,383▲ $677,990
Savings and Temporary Cash Investments$3,690,811$2,688,183▼ $1,002,628
Pledges and Grants Receivable-$1,241,868-
Accounts Receivable-$82,218-
Investments Other Securities$13,400$13,400→ $0
Total Assets$45,204,427$45,866,695▲ $662,268
Other Assets Total$539,513$633,322▲ $93,809
Liabilities
Deferred Revenue$4,625,209$5,146,956▲ $521,747
Mortgage Notes Payable Secured by Investment Property$2,586,457$2,493,276▼ $93,181
Other Liabilities$1,148,723$649,186▼ $499,537
Accounts Payable and Accrued Expenses$141,388$124,667▼ $16,721
Total Liabilities$8,501,777$8,414,085▼ $87,692
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$29,502,681$29,068,036▼ $434,645
Net Assets With Donor Restrictions$7,199,969$8,384,574▲ $1,184,605
Total Net Assets Fund Balance$36,702,650$37,452,610▲ $749,960
Total Liabilities and Net Assets / Fund Balance$45,204,427$45,866,695▲ $662,268

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,532,065$14,909,621$37,441,686
Equipment$279,090$2,471,744$2,750,834
Other Land Buildings$595,518$729,348$1,324,866
Land$1,044,152-$1,044,152

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$7,174,693$247,936▼ $379,923-$7,042,706
2020$5,487,493$15,000▲ $1,672,200-$7,174,693
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
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matt CulbersonHead of SchoolFT$328,600$23,944$352,544
Joseph LoftinHead of School - Emeritus-$268,959$17,995$286,954
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
Tyler KennedyDean of Residential LifeFT$127,000$10,160$137,160
Graham JesseeDirector of Global InitiativesFT$122,000$9,760$131,760
Kerry BedellDirector of Institutional AdvancementFT$111,487$8,919$120,406

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$2,312,882
Program Service Revenue
$15,290,291
Investment Income
$220,632
Other Revenue
$0
All Other Contributions
$1,071,014
Change in Net Assets
$1,448,308

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,699,061
Revenue Not Reported on Financial Statements
$3,124,744
Revenue Not Reported on Form 990
$-698,348
Other Revenue Adjustments
$3,124,744
Total Revenue per Audited Statements
$14,000,713
Total Revenue per Form 990
$17,823,805
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,617,164
Other Expenses$5,633,589
Grants and Similar Amounts Paid$3,124,744
Total Fundraising Expense$255,147
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,296,796$604,188$106,653$5,007,637
Grants to Domestic Individuals$3,124,744--$3,124,744
Depreciation Depletion$1,255,839$59,176-$1,315,015
Occupancy$1,033,799$48,713-$1,082,512
Other Employee Benefits$794,239$216,648$18,634$1,029,521
Current Officers, Directors, Trustees, and Key Employees$268,920$702,301-$971,221
Fees for Services Other$218,027$299,648-$517,675
Payroll Taxes$338,459$92,323$7,941$438,723
Information Technology$242,229$21,861$30,692$294,782
Advertising$20,242$173,553$39,330$233,125
Travel$121,488$63,849$3,897$189,234
Pension Plan Contributions$142,568$20,694$6,800$170,062
Other Expenses$6,742$112,750$26,981$146,473
Insurance$139,539$6,575-$146,114
Fees for Services Accounting-$127,653-$127,653
Conferences and Meetings$47,303$4,108$2,250$53,661
Office Expenses$16,397$9,189$6,813$32,399
Fees for Services Legal-$31,098-$31,098
Total Functional Expenses$13,514,917$2,605,433$255,147$16,375,497

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$16,375,497
Expenses per Audited Statements$13,250,753
Total Expenses per Audited Statements$13,250,753
Expenses Not Reported on Financial Statements$3,124,744
Other Expense Adjustments$3,124,744
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$9,713

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
North AmericaRecruiting for New Students-00$9,713
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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$649,186
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
2023-04-03
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
184
Volunteers
50

Preparer

Firm
Tanner LLC
Address
36 S STATE STREET SUITE 600, SALT LAKE CITY, UT 84111
Preparer
David Sperry
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, 2022, the organization had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid given netted with revenue per audit 3,124,744.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid given netted with revenue per audit 3,124,744.”

Raw XML AppendixShowing 400 of 696 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.

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IRS990/ActivityOrMissionDesc0WASATCH ACADEMY IS A NURTURING COMMUNITY EMPOWERING YOUNG PEOPLE TO DEVELOP ACADEMICALLY, SOCIALLY, EMOTIONALLY, PHYSICALLY, AND ETHICALLY, BY PREPARING THEM FOR THE OPPORTUNITY OF COLLEGE, WORK, AND A LIFETIME OF LEARNING AND CONTRIBUTING TO OUR GLOBAL SOCIETY.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt218919
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2217995
IRS990/Form990PartVIISectionAGrp/PersonNm0GARY ROYLANCE
IRS990/Form990PartVIISectionAGrp/PersonNm1FOREST CUCH
IRS990/Form990PartVIISectionAGrp/PersonNm2TERRI MCCARTHY
IRS990/Form990PartVIISectionAGrp/PersonNm3JOE PORTER
IRS990/Form990PartVIISectionAGrp/PersonNm4FRED AXELGARD
IRS990/Form990PartVIISectionAGrp/PersonNm5TOM PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm6HADYN DAUGS
IRS990/Form990PartVIISectionAGrp/PersonNm7JERRY HU
IRS990/Form990PartVIISectionAGrp/PersonNm8LYNN REMINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm9SHAWN DOUGHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm10LONNIE ELLIS
IRS990/Form990PartVIISectionAGrp/PersonNm11ALEXA STANGER
IRS990/Form990PartVIISectionAGrp/PersonNm12GREGG GALECKI
IRS990/Form990PartVIISectionAGrp/PersonNm13TERRY FEENEY
IRS990/Form990PartVIISectionAGrp/PersonNm14VAL FERNELIUS
IRS990/Form990PartVIISectionAGrp/PersonNm15KATIE HALLETT
IRS990/Form990PartVIISectionAGrp/PersonNm16ROBERT KIMSEY
IRS990/Form990PartVIISectionAGrp/PersonNm17MATT CULBERSON
IRS990/Form990PartVIISectionAGrp/PersonNm18PAUL APPLEGARTH
IRS990/Form990PartVIISectionAGrp/PersonNm19GRAHAM JESSEE
IRS990/Form990PartVIISectionAGrp/PersonNm20TYLER KENNEDY
IRS990/Form990PartVIISectionAGrp/PersonNm21KERRY BEDELL
IRS990/Form990PartVIISectionAGrp/PersonNm22JOSEPH LOFTIN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17328600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18195700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19122000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20127000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21111487
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22268959
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/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt16TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt17HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt18ASSISTANT HEAD OF SCHOOL FOR FINANCE/FACILITIES
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR OF GLOBAL INITIATIVES
IRS990/Form990PartVIISectionAGrp/TitleTxt20DEAN OF RESIDENTIAL LIFE
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR OF INSTITUTIONAL ADVANCEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt22HEAD OF SCHOOL - EMERITUS
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01972
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0208573
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GovernmentGrantsAmt01241868
IRS990/GrantAmt03124744
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt03124744
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt03124744
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0344168
IRS990/GrossReceiptsAmt017959400
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt030692
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt021861
IRS990/InformationTechnologyGrp/ProgramServicesAmt0242229
IRS990/InformationTechnologyGrp/TotalAmt0294782
IRS990/InsuranceGrp/ManagementAndGeneralAmt06575
IRS990/InsuranceGrp/ProgramServicesAmt0139539
IRS990/InsuranceGrp/TotalAmt0146114
IRS990/InvestmentIncomeGrp/ExclusionAmt012059
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt012059
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt013400
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt013400
IRS990/InvestmentsPubTradedSecGrp/BOYAmt011209390
IRS990/InvestmentsPubTradedSecGrp/EOYAmt011244496
IRS990/IRPDocumentCnt024
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt018110713
IRS990/LandBldgEquipBasisNetGrp/BOYAmt024916920
IRS990/LandBldgEquipBasisNetGrp/EOYAmt024450825
IRS990/LandBldgEquipCostOrOtherBssAmt042561538
IRS990/LegalDomicileStateCd0UT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0135595
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WASATCH ACADEMY IS A NURTURING COMMUNITY EMPOWERING YOUNG PEOPLE TO DEVELOP ACADEMICALLY, SOCIALLY, EMOTIONALLY, PHYSICALLY, AND ETHICALLY, BY PREPARING THEM FOR THE OPPORTUNITY OF COLLEGE, WORK, AND A LIFETIME OF LEARNING AND CONTRIBUTING TO OUR GLOBAL SOCIETY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02586457
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02493276
IRS990/NetAssetsOrFundBalancesBOYAmt036702650
IRS990/NetAssetsOrFundBalancesEOYAmt037452610
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0208573
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0208573
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-698348
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt029502681
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt029068036
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt048713
IRS990/OccupancyGrp/ProgramServicesAmt01033799
IRS990/OccupancyGrp/TotalAmt01082512
IRS990/OfficeExpensesGrp/FundraisingAmt06813
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09189
IRS990/OfficeExpensesGrp/ProgramServicesAmt016397
IRS990/OfficeExpensesGrp/TotalAmt032399
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0539513
IRS990/OtherAssetsTotalGrp/EOYAmt0633322
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt018634
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0216648
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0794239
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01029521
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL PROGRAM EXP
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt05156
IRS990/OtherExpensesGrp/FundraisingAmt126981
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011106
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1112750
IRS990/OtherExpensesGrp/ProgramServicesAmt01447586
IRS990/OtherExpensesGrp/ProgramServicesAmt16742
IRS990/OtherExpensesGrp/TotalAmt01463848
IRS990/OtherExpensesGrp/TotalAmt1146473
IRS990/OtherLiabilitiesGrp/BOYAmt01148723
IRS990/OtherLiabilitiesGrp/EOYAmt0649186
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0106653
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0604188
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04296796
IRS990/OtherSalariesAndWagesGrp/TotalAmt05007637
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt07941
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt092323
IRS990/PayrollTaxesGrp/ProgramServicesAmt0338459
IRS990/PayrollTaxesGrp/TotalAmt0438723
IRS990/PensionPlanContributionsGrp/FundraisingAmt06800
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt020694
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0142568
IRS990/PensionPlanContributionsGrp/TotalAmt0170062
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01241868
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/RelatedOrExemptFuncIncomeAmt013417822
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11553232
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2319237
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013417822
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11553232
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2319237
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02715679
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03746902
IRS990/PYInvestmentIncomeAmt01816606
IRS990/PYOtherExpensesAmt04608283
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt014944995
IRS990/PYRevenuesLessExpensesAmt02897191
IRS990/PYSalariesCompEmpBnftPaidAmt08224904
IRS990/PYTotalExpensesAmt016580089
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt019477280
IRS990/QuidProQuoContributionsInd00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$45,866,695
Liabilities
$8,414,085
Net assets
$37,452,610
Revenue
$17,823,805
Expenses
$16,375,497
Net income
$1,448,308
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