Civic Intelligence

Thomas Edison Charter School Inc.

990 • Fiscal year 2015 • EIN 87-0673250

Jul 01, 2014 to Jun 30, 2015 • Filed on May 04, 2016

Organization Profilewww.thomased.org

View Organization Page

180 E 2600 NLogan, UT 84341

(801) 394-4140

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.74x

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

83rd percentile

1.34x

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

67th percentile

8.9%

Higher net margin than 67% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

54th percentile

2.0%

Faster asset growth than 54% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

44th percentile

1.9%

Faster revenue growth than 44% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$14,263,645

Up $284,612 (+2.0%) from 2014

Net Assets

Up

$3,754,106

Up $698,083 (+23%) from 2014

Liabilities

Down

$10,509,539

Down $413,471 (-3.8%) from 2014

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin67th percentile

Revenue

Up

$7,827,307

Up $146,626 (+1.9%) from 2014

Expenses

Down

$7,129,224

Down $216,549 (-2.9%) from 2014

Net Income

Up

$698,083

Up $363,175 (+108%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $12,048,651Liabilities 2011: $10,085,970Net Assets 2011: $1,962,6812011Assets 2012: $12,183,189Liabilities 2012: $9,955,853Net Assets 2012: $2,227,3362012Assets 2013: $12,599,806Liabilities 2013: $9,879,199Net Assets 2013: $2,720,6072013Assets 2014: $13,979,033Liabilities 2014: $10,923,010Net Assets 2014: $3,056,0232014Assets 2015: $14,263,645Liabilities 2015: $10,509,539Net Assets 2015: $3,754,1062015Assets 2016: $14,720,806Liabilities 2016: $10,465,880Net Assets 2016: $4,254,9262016Assets 2017: $14,329,656Liabilities 2017: $9,670,511Net Assets 2017: $4,659,1452017Assets 2018: $14,816,002Liabilities 2018: $9,207,888Net Assets 2018: $5,608,1142018Assets 2019: $15,162,282Liabilities 2019: $8,755,863Net Assets 2019: $6,406,4192019Assets 2020: $14,112,808Liabilities 2020: $6,873,294Net Assets 2020: $7,239,5142020Assets 2021: $13,563,975Liabilities 2021: $5,761,422Net Assets 2021: $7,802,5532021Assets 2022: $14,298,710Liabilities 2022: $5,485,928Net Assets 2022: $8,812,7822022Assets 2023: $15,514,506Liabilities 2023: $4,874,374Net Assets 2023: $10,640,1322023Assets 2024: $15,844,190Liabilities 2024: $3,551,403Net Assets 2024: $12,292,7872024Assets 2025: $16,655,532Liabilities 2025: $3,198,945Net Assets 2025: $13,456,5872025

Highlighted filing

2015

Assets$14,263,645
Liabilities$10,509,539
Net Assets$3,754,106
Open 2015 Filing

Operations Trend

Revenue Growth44th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $6,523,060Expenses 2011: $6,060,704Net Income 2011: $462,3562011Revenue 2012: $6,526,317Expenses 2012: $6,399,852Net Income 2012: $126,4652012Revenue 2013: $7,109,490Expenses 2013: $6,612,841Net Income 2013: $496,6492013Revenue 2014: $7,680,681Expenses 2014: $7,345,773Net Income 2014: $334,9082014Revenue 2015: $7,827,307Expenses 2015: $7,129,224Net Income 2015: $698,0832015Revenue 2016: $8,260,894Expenses 2016: $7,760,074Net Income 2016: $500,8202016Revenue 2017: $8,867,276Expenses 2017: $8,463,057Net Income 2017: $404,2192017Revenue 2018: $9,215,963Expenses 2018: $8,266,994Net Income 2018: $948,9692018Revenue 2019: $9,137,450Expenses 2019: $10,629,145Net Income 2019: -$1,491,6952019Revenue 2020: $9,022,000Expenses 2020: $8,188,905Net Income 2020: $833,0952020Revenue 2021: $9,447,016Expenses 2021: $8,805,232Net Income 2021: $641,7842021Revenue 2022: $10,418,349Expenses 2022: $9,408,120Net Income 2022: $1,010,2292022Revenue 2023: $11,803,791Expenses 2023: $9,976,441Net Income 2023: $1,827,3502023Revenue 2024: $12,993,313Expenses 2024: $11,340,658Net Income 2024: $1,652,6552024Revenue 2025: $13,760,121Expenses 2025: $12,596,321Net Income 2025: $1,163,8002025

Highlighted filing

2015

Revenue$7,827,307
Expenses$7,129,224
Net Income$698,083
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 4, 2016
Return Version
2014v6.0
Gross Receipts
$7,827,307
Mission and Program Overview

Mission

The mission of thomas edison charter schools is to provide all students the fundamental knowledge, tools, and discipline to become successful, reputable citizens in our country to become high achievers in our ever evolving, demanding, and complex society.

The schools mission is to educate students in an innovative and effective way, grades K-9

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,299,754$12,023,391▼ $276,363
Cash and Non-Interest-Bearing Accounts$1,372,357$1,939,856▲ $567,499
Savings and Temporary Cash Investments$152,307$152,505▲ $198
Prepaid Expenses and Deferred Charges$17,920$16,499▼ $1,421
Accounts Receivable$680$4,924▲ $4,244
Total Assets$13,979,033$14,263,645▲ $284,612
Other Assets Total$136,015$126,470▼ $9,545
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,526,254$10,129,153▼ $397,101
Accounts Payable and Accrued Expenses$391,554$367,839▼ $23,715
Deferred Revenue$5,202$12,547▲ $7,345
Total Liabilities$10,923,010$10,509,539▼ $413,471
Net Assets / Fund Balance
Unrestricted Net Assets$3,056,023$3,754,106▲ $698,083
Total Net Assets Fund Balance$3,056,023$3,754,106▲ $698,083
Total Liabilities and Net Assets / Fund Balance$13,979,033$14,263,645▲ $284,612

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,325,476$2,334,238$13,659,714
Equipment$125,065$547,270$672,335
Land$572,850-$572,850
Other Assets Org$126,470--
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Tirzah AndersonBoard Chair
Denae PrudenBoard Member
Emma BullockBoard Member
Holly GuntherBoard Member
Nick JacksonBoard Member
Adam BurrisBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,714,243
Program Service Revenue
$113,064
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$698,083

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,827,307
Total Revenue per Audited Statements
$7,827,307
Total Revenue per Form 990
$7,827,307
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,366,160
Other Expenses$1,763,064
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,859,190--$3,859,190
Other Employee Benefits$763,249--$763,249
Interest$413,024$14,537-$427,561
Depreciation Depletion$376,014$13,421-$389,435
Payroll Taxes$336,967$600-$337,567
Pension Plan Contributions$229,664--$229,664
Current Officers, Directors, Trustees, and Key Employees$170,490$6,000-$176,490
Fees for Services Accounting-$111,000-$111,000
Fees for Services Other$92,402--$92,402
Information Technology-$31,071-$31,071
Other Expenses$26,210$65,765-$26,210
All Other Expenses$26,002--$26,002
Total Functional Expenses$6,886,830$242,394$0$7,129,224

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,129,224
Total Expenses per Audited Statements$7,129,224
Total Expenses per Form 990$7,129,224
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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 governing body review Part VI line 11

“11b - The 990 is reviewed by the board finance committee for correctness each year.”

Conflict of interest policy compliance Part VI line 12C

“12c - The school has a conflict of interest policy, board members declare each year. Any conflict of interest and items involving the conflict are noted in the minutes of the meeting and the member(s) with the conflict recuse themselves from voting.”

CEO executive director top management comp Part VI line 15A

“15a & 15b - Teachers and staff are paid off a salary schedule which is compared to surrounding schools on an annual basis. The board sets and gives raises to the administrators and follows a similar pattern.”

Other officer or key employee compensation Part VI line 15B

“Teachers and staff are paid off a salary schedule which is compared to surrounding schools on an annual basis. The board sets and gives raises to the administrators and follows a similar pattern.”

Governing documents etc available to public Part VI line 19

“19 - All internal documents, if not sensitive in nature and outside the legality of GRAMA request, are available upon request. Many schools documents are available through the state of Utah department of Education website as well.”

Filing and Contact Details

Filer

Filer Name
Thomas Edison Charter School Inc
EIN
87-0673250
Address
180 E 2600 N, Logan, UT 84341

Signing Officer

Name
Steve Finley
Title
Business Manage
Phone
4357872820
Signed
2016-05-04
Discuss with paid preparer
Yes

Organization Details

Formed
2001
Legal Domicile
Ut
Voting Board Members
6
Independent Board Members
6
Employees
261
Volunteers
100

Preparer

Firm
Vantage Point Consulting
Address
656 West 9400 South, Sandy, UT 84070
Preparer
Tyler Schvaneveldt CPA
Phone
8017109248
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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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IRS990ScheduleD/BuildingsGrp/BookValueAmt011325476
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02334238
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013659714
IRS990ScheduleD/EquipmentGrp/BookValueAmt0125065
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0547270
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0672335
IRS990ScheduleD/ExpensesSubtotalAmt07129224
IRS990ScheduleD/LandGrp/BookValueAmt0572850
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0572850
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0126470
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Financing Costs Net
IRS990ScheduleD/RevenueSubtotalAmt07827307
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012023391
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0126470
IRS990ScheduleD/TotalExpensesPerForm990Amt07129224
IRS990ScheduleD/TotalRevenuePerForm990Amt07827307
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07827307
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07129224
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Thomas Edison receives 90% of their funding from State and Federal education dollars.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Governmental Agency Financial Aid (Questions 6a and 6b)
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt011b - The 990 is reviewed by the board finance committee for correctness each year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt112c - The school has a conflict of interest policy, board members declare each year. Any conflict of interest and items involving the conflict are noted in the minutes of the meeting and the member(s) with the conflict recuse themselves from voting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt215a & 15b - Teachers and staff are paid off a salary schedule which is compared to surrounding schools on an annual basis. The board sets and gives raises to the administrators and follows a similar pattern.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Teachers and staff are paid off a salary schedule which is compared to surrounding schools on an annual basis. The board sets and gives raises to the administrators and follows a similar pattern.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt419 - All internal documents, if not sensitive in nature and outside the legality of GRAMA request, are available upon request. Many schools documents are available through the state of Utah department of Education website as well.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt013979033
IRS990/TotalAssetsEOYAmt014263645
IRS990/TotalAssetsGrp/BOYAmt013979033
IRS990/TotalAssetsGrp/EOYAmt014263645
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07714243
IRS990/TotalEmployeeCnt0261
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0242394
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06886830
IRS990/TotalFunctionalExpensesGrp/TotalAmt07129224
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010923010
IRS990/TotalLiabilitiesEOYAmt010509539
IRS990/TotalLiabilitiesGrp/BOYAmt010923010
IRS990/TotalLiabilitiesGrp/EOYAmt010509539
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03056023
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03754106
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt06886830
IRS990/TotalProgramServiceRevenueAmt0113064
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0113064
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07827307
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013979033
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014263645
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03056023
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03754106
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.thomased.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Steve Finley
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Business Manage
ReturnHeader/BusinessOfficerGrp/PhoneNum04357872820
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Thomas Edison Charter School Inc
ReturnHeader/Filer/BusinessNameControlTxt0THOM
ReturnHeader/Filer/EIN0870673250
ReturnHeader/Filer/USAddress/AddressLine1Txt0180 E 2600 N
ReturnHeader/Filer/USAddress/CityNm0Logan
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084341
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273731818
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Vantage Point Consulting
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0656 West 9400 South
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Sandy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084070
ReturnHeader/PreparerPersonGrp/PhoneNum08017109248
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Tyler Schvaneveldt CPA
ReturnHeader/ReturnTs02016-05-04T11:56:17-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,263,645
Liabilities
$10,509,539
Net assets
$3,754,106
Revenue
$7,827,307
Expenses
$7,129,224
Net income
$698,083
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$16.7$3.20$13.5$13.8$12.6$1.16
2024Detailed filing. Detailed filing data is available for this year.$15.8$3.55$12.3$13.0$11.3$1.65
2023Detailed filing. Detailed filing data is available for this year.$15.5$4.87$10.6$11.8$9.98$1.83
2022Detailed filing. Detailed filing data is available for this year.$14.3$5.49$8.81$10.4$9.41$1.01
2021Detailed filing. Detailed filing data is available for this year.$13.6$5.76$7.80$9.45$8.81$0.64
2020Detailed filing. Detailed filing data is available for this year.$14.1$6.87$7.24$9.02$8.19$0.83
2019Summary only. Only limited summary data is available for this year.$15.2$8.76$6.41$9.14$10.6$1.49
2018Summary only. Only limited summary data is available for this year.$14.8$9.21$5.61$9.22$8.27$0.95
2017Summary only. Only limited summary data is available for this year.$14.3$9.67$4.66$8.87$8.46$0.40
2016Summary only. Only limited summary data is available for this year.$14.7$10.5$4.25$8.26$7.76$0.50
2015Detailed filing. Detailed filing data is available for this year.$14.3$10.5$3.75$7.83$7.13$0.70
2014Summary only. Only limited summary data is available for this year.$14.0$10.9$3.06$7.68$7.35$0.33
2013Summary only. Only limited summary data is available for this year.$12.6$9.88$2.72$7.11$6.61$0.50
2012Summary only. Only limited summary data is available for this year.$12.2$9.96$2.23$6.53$6.40$0.13
2011Summary only. Only limited summary data is available for this year.$12.0$10.1$1.96$6.52$6.06$0.46