Civic Intelligence

Wasatch Academy

990 • Fiscal year 2023 • EIN 87-0290194

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 22, 2024

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

44th percentile

0.17x

Higher debt load relative to assets than 44% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.48x

Higher debt load relative to revenue than 61% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

25th percentile

-4.9%

Higher net margin than 25% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

74th percentile

$388,542

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

23rd percentile

-1.5%

Faster asset growth than 23% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

24th percentile

-9.3%

Faster revenue growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets44th percentile

Assets

Down

$45,187,850

Down $678,845 (-1.5%) from 2022

Net Assets

Up

$37,473,591

Up $20,981 (+0.1%) from 2022

Liabilities

Down

$7,714,259

Down $699,826 (-8.3%) from 2022

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin25th percentile

Revenue

Down

$16,158,875

Down $1,664,930 (-9.3%) from 2022

Expenses

Up

$16,951,881

Up $576,384 (+3.5%) from 2022

Net Income

Down

-$793,006

Down $2,241,314 (-155%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth23rd 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

2023

Assets$45,187,850
Liabilities$7,714,259
Net Assets$37,473,591
Open 2023 Filing

Operations Trend

Revenue Growth24th 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

2023

Revenue$16,158,875
Expenses$16,951,881
Net Income-$793,006
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 22, 2024
Return Version
2022v5.0
Gross Receipts
$16,158,875
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$24,450,825$24,619,972▲ $169,147
Investments in Publicly Traded Securities$11,244,496$17,919,898▲ $6,675,402
Cash and Non-Interest-Bearing Accounts$5,512,383$1,324,982▼ $4,187,401
Pledges and Grants Receivable$1,241,868$754,099▼ $487,769
Savings and Temporary Cash Investments$2,688,183$132,761▼ $2,555,422
Accounts Receivable$82,218$0▼ $82,218
Investments Other Securities$13,400$13,400→ $0
Total Assets$45,866,695$45,187,850▼ $678,845
Other Assets Total$633,322$422,738▼ $210,584
Liabilities
Deferred Revenue$5,146,956$4,865,317▼ $281,639
Mortgage Notes Payable Secured by Investment Property$2,493,276$2,397,047▼ $96,229
Other Liabilities$649,186$360,397▼ $288,789
Accounts Payable and Accrued Expenses$124,667$91,498▼ $33,169
Total Liabilities$8,414,085$7,714,259▼ $699,826
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$29,068,036$28,607,977▼ $460,059
Net Assets With Donor Restrictions$8,384,574$8,865,614▲ $481,040
Total Net Assets Fund Balance$37,452,610$37,473,591▲ $20,981
Total Liabilities and Net Assets / Fund Balance$45,866,695$45,187,850▼ $678,845

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,712,476$16,082,362$38,794,838
Equipment$252,547$2,585,472$2,838,019
Other Land Buildings$610,797$804,282$1,415,079
Land$1,044,152-$1,044,152

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$7,042,706$259,290▲ $731,210-$8,033,206
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
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matt CulbersonHead of SchoolFT$362,774$25,768$388,542
Paul ApplegarthAssistant Head of School for Finance/facilitiesFT$200,600$16,048$216,648
Paul ApplegarthAssistant Head of School for Finance-$200,600$16,048$216,648
Tyler KennedyDean of Residential LifeFT$130,200$10,416$140,616
Graham JesseeDirector of Global InitiativesFT$128,100$10,248$138,348
Kerry BedellDirector of Institutional AdvancementFT$122,500$9,800$132,300

Board Members and Trustees

NameTitle
Lonnie EllisPresident
Robert KimseyVice President
Alexa StangerTrustee
Forest CuchTrustee
Fred AxelgardTrustee
Gary RoylanceTrustee
Hadyn DaugsTrustee
Jerry HuTrustee
Joe PorterTrustee
Katie HallettTrustee
Rick DivasTrustee
Tana JambaldorjTrustee
Terri MccarthyTrustee
Tom PetersonTrustee
Val FerneliusTrustee
Gregg GaleckiSecretary
Michael MurphyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,915,773
Program Service Revenue
$13,832,479
Investment Income
$410,623
Other Revenue
$0
All Other Contributions
$1,915,773
Change in Net Assets
$-793,006

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$1,198,000Appraisal
Total Noncash Contributions1$1,198,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,790,184
Revenue Not Reported on Financial Statements
$3,368,691
Revenue Not Reported on Form 990
$813,987
Other Revenue Adjustments
$3,368,691
Total Revenue per Audited Statements
$13,604,171
Total Revenue per Form 990
$16,158,875
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,736,783
Other Expenses$5,846,407
Grants and Similar Amounts Paid$3,368,691
Total Fundraising Expense$217,494
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,519,352$499,176$101,071$5,119,599
Grants to Domestic Individuals$3,368,691--$3,368,691
Depreciation Depletion$1,305,821$61,531-$1,367,352
Occupancy$1,017,929$47,965-$1,065,894
Current Officers, Directors, Trustees, and Key Employees$278,938$737,516-$1,016,454
Other Employee Benefits$781,963$193,964$16,542$992,469
Fees for Services Other$228,279$233,730$4,635$466,644
Payroll Taxes$339,304$84,163$7,178$430,645
Information Technology$203,816$26,495$17,445$247,756
Advertising$4,458$194,876$35,607$234,941
Travel$159,906$66,896$6,156$232,958
Insurance$191,195$9,009-$200,204
Pension Plan Contributions$144,238$26,238$7,140$177,616
Other Expenses$111,779$41,010$46$152,835
Fees for Services Accounting-$123,331-$123,331
Fees for Services Legal-$85,249-$85,249
Conferences and Meetings$35,741$15,895$2,250$53,886
Office Expenses$16,189$4,742$8,005$28,936
Total Functional Expenses$14,276,405$2,457,982$217,494$16,951,881

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$16,951,881
Expenses per Audited Statements$13,583,190
Total Expenses per Audited Statements$13,583,190
Expenses Not Reported on Financial Statements$3,368,691
Other Expense Adjustments$3,368,691
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$42,586

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 PacificRecruiting for New Students---$34,749
Europe (including Iceland & Greenland)Recruiting for New Students---$5,590
Central America and the CaribbeanRecruiting for New Students---$2,247
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$360,397
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
2024-02-22
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
215
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, 2023, 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 3,368,691.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid given netted with revenue per audit 3,368,691.”

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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/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1725768
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1816048
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1910248
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2010416
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt219800
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IRS990/Form990PartVIISectionAGrp/PersonNm4FRED AXELGARD
IRS990/Form990PartVIISectionAGrp/PersonNm5TOM PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm6HADYN DAUGS
IRS990/Form990PartVIISectionAGrp/PersonNm7JERRY HU
IRS990/Form990PartVIISectionAGrp/PersonNm8RICK DIVAS
IRS990/Form990PartVIISectionAGrp/PersonNm9TANA JAMBALDORJ
IRS990/Form990PartVIISectionAGrp/PersonNm10LONNIE ELLIS
IRS990/Form990PartVIISectionAGrp/PersonNm11ALEXA STANGER
IRS990/Form990PartVIISectionAGrp/PersonNm12GREGG GALECKI
IRS990/Form990PartVIISectionAGrp/PersonNm13MICHAEL MURPHY
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
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17362774
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18200600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19128100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20130200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21122500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
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/TitleTxt10PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16VICE PRESIDENT
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/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01972
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantAmt03368691
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt03368691
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt03368691
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt016158875
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt05
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt017445
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt026495
IRS990/InformationTechnologyGrp/ProgramServicesAmt0203816
IRS990/InformationTechnologyGrp/TotalAmt0247756
IRS990/InsuranceGrp/ManagementAndGeneralAmt09009
IRS990/InsuranceGrp/ProgramServicesAmt0191195
IRS990/InsuranceGrp/TotalAmt0200204
IRS990/InvestmentIncomeGrp/ExclusionAmt0410623
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0410623
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt013400
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt013400
IRS990/InvestmentsPubTradedSecGrp/BOYAmt011244496
IRS990/InvestmentsPubTradedSecGrp/EOYAmt017919898
IRS990/IRPDocumentCnt036
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt019472116
IRS990/LandBldgEquipBasisNetGrp/BOYAmt024450825
IRS990/LandBldgEquipBasisNetGrp/EOYAmt024619972
IRS990/LandBldgEquipCostOrOtherBssAmt044092088
IRS990/LegalDomicileStateCd0UT
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/BOYAmt02493276
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02397047
IRS990/NetAssetsOrFundBalancesBOYAmt037452610
IRS990/NetAssetsOrFundBalancesEOYAmt037473591
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0813987
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt029068036
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt028607977
IRS990/NoncashContributionsAmt01198000
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt047965
IRS990/OccupancyGrp/ProgramServicesAmt01017929
IRS990/OccupancyGrp/TotalAmt01065894
IRS990/OfficeExpensesGrp/FundraisingAmt08005
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04742
IRS990/OfficeExpensesGrp/ProgramServicesAmt016189
IRS990/OfficeExpensesGrp/TotalAmt028936
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0633322
IRS990/OtherAssetsTotalGrp/EOYAmt0422738
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt016542
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0193964
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0781963
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0992469
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL PROGRAM EXP
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt011419
IRS990/OtherExpensesGrp/FundraisingAmt146
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06196
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt141010
IRS990/OtherExpensesGrp/ProgramServicesAmt01568806
IRS990/OtherExpensesGrp/ProgramServicesAmt1111779
IRS990/OtherExpensesGrp/TotalAmt01586421
IRS990/OtherExpensesGrp/TotalAmt1152835
IRS990/OtherLiabilitiesGrp/BOYAmt0649186
IRS990/OtherLiabilitiesGrp/EOYAmt0360397
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0101071
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0499176
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04519352
IRS990/OtherSalariesAndWagesGrp/TotalAmt05119599
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt07178
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt084163
IRS990/PayrollTaxesGrp/ProgramServicesAmt0339304
IRS990/PayrollTaxesGrp/TotalAmt0430645
IRS990/PensionPlanContributionsGrp/FundraisingAmt07140
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt026238
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0144238
IRS990/PensionPlanContributionsGrp/TotalAmt0177616
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0754099
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IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1DUAL DIPLOMA PROGRAM SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2AUXILIARY ACTIVITIES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11526916
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2242291
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012063272
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11526916
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2242291
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02312882
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03124744
IRS990/PYInvestmentIncomeAmt0220632
IRS990/PYOtherExpensesAmt05633589
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt015290291
IRS990/PYRevenuesLessExpensesAmt01448308
IRS990/PYSalariesCompEmpBnftPaidAmt07617164
IRS990/PYTotalExpensesAmt016375497
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt017823805
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-793006
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$45,187,850
Liabilities
$7,714,259
Net assets
$37,473,591
Revenue
$16,158,875
Expenses
$16,951,881
Net income
-$793,006
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