Civic Intelligence

Thomas Edison Charter School Inc.

990 • Fiscal year 2021 • EIN 87-0673250

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 26, 2022

Organization ProfileWWW.THOMASED.ORG

View Organization Page

180 E 2600 NNorth Logan, UT 84341

(435) 787-2820

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.42x

Higher debt load relative to assets than 72% of similar nonprofits.

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

Liabilities / Revenue

73rd percentile

0.61x

Higher debt load relative to revenue than 73% of similar nonprofits.

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

Net Margin

38th percentile

6.8%

Higher net margin than 38% of similar nonprofits.

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

Top Officer Pay

34th percentile

$129,455

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

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

Asset Growth

13th percentile

-3.9%

Faster asset growth than 13% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

38th percentile

4.7%

Faster revenue growth than 38% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$13,563,975

Down $548,833 (-3.9%) from 2020

Net Assets

Up

$7,802,553

Up $563,039 (+7.8%) from 2020

Liabilities

Down

$5,761,422

Down $1,111,872 (-16%) from 2020

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin38th percentile

Revenue

Up

$9,447,016

Up $425,016 (+4.7%) from 2020

Expenses

Up

$8,805,232

Up $616,327 (+7.5%) from 2020

Net Income

Down

$641,784

Down $191,311 (-23%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth13th 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

2021

Assets$13,563,975
Liabilities$5,761,422
Net Assets$7,802,553
Open 2021 Filing

Operations Trend

Revenue Growth38th 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

2021

Revenue$9,447,016
Expenses$8,805,232
Net Income$641,784
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 26, 2022
Return Version
2020v4.2
Gross Receipts
$9,447,356
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.

Charter school serving kindergarten - fifth grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,518,799$11,203,168▼ $315,631
Cash and Non-Interest-Bearing Accounts$2,565,553$1,215,087▼ $1,350,466
Savings and Temporary Cash Investments$6,600$876,895▲ $870,295
Accounts Receivable$21,856$254,582▲ $232,726
Prepaid Expenses and Deferred Charges-$14,243-
Total Assets$14,112,808$13,563,975▼ $548,833
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,355,654--
Tax Exempt Bond Liabilities-$5,180,000-
Accounts Payable and Accrued Expenses$517,640$581,422▲ $63,782
Total Liabilities$6,873,294$5,761,422▼ $1,111,872
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,239,514$7,772,630▲ $533,116
Net Assets With Donor Restrictions-$29,923-
Total Net Assets Fund Balance$7,239,514$7,802,553▲ $563,039
Total Liabilities and Net Assets / Fund Balance$14,112,808$13,563,975▼ $548,833

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,894,883$4,664,635$14,559,518
Land$1,043,950-$1,043,950
Equipment$264,335$524,467$788,802
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
-DirectorFT$100,245$29,210$129,455

Board Members and Trustees

NameTitle
Carol HirschiTrustee
Emily BuckleyTrustee
Gaylen WorthenTrustee
Heather KnightTrustee
Kyle HancockTrustee
Michelle YostTrustee
Tammy KingTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$9,313,851
Program Service Revenue
$123,815
Investment Income
$8,505
Other Revenue
$845
All Other Contributions
$3,801
Change in Net Assets
$641,784

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,447,016
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,447,016
Total Revenue per Form 990
$9,447,016
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,901,901
Other Expenses$1,903,331
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,973,677--$4,973,677
Other Employee Benefits$944,112--$944,112
Interest$460,751--$460,751
Depreciation Depletion$436,638--$436,638
Payroll Taxes$367,609--$367,609
Pension Plan Contributions$359,248--$359,248
Current Officers, Directors, Trustees, and Key Employees$257,255--$257,255
Information Technology$214,581--$214,581
Fees for Services Other$127,716--$127,716
Fees for Services Management$79,200--$79,200
Insurance$40,945--$40,945
All Other Expenses$26,138--$26,138
Other Expenses$21,848--$21,848
Fees for Services Accounting-$15,750-$15,750
Advertising$11,263--$11,263
Fees for Services Legal-$140-$140
Total Functional Expenses$8,789,342$15,890$0$8,805,232

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,805,232
Total Expenses per Audited Statements$8,805,232
Total Expenses per Form 990$8,805,232
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
AUtah Charter School Finance Authority2021-06-28$5,180,000Refund taxable bond issue dated 10/01/2008

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$5,180,000$5,180,000--

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“There are no committees with broad authority to act on behalf of the board.”

Form 990, Part VI, Section B, Line 11B

“Review by outside consultant and the board's finance committee for correctness.”

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

“Monitored by the executive director and board annually.”

Form 990, Part VI, Section B, Line 15

“All employee compensation is based on approved pay scales which are reviwed annually.”

Form 990, Part VI, Section C, Line 19

“Governing board documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Thomas Edison Charter School
EIN
87-0673250
Phone
4357872820
Address
180 E 2600 N, NORTH LOGAN, UT 84341

Signing Officer

Name
Steven Finley
Title
Business Manager
Phone
8013944140
Signed
2022-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shem Smith
Formed
2001
Legal Domicile
Ut
Voting Board Members
7
Independent Board Members
7
Employees
263
Volunteers
112

Preparer

Firm
Eide Bailly Llp
Address
5929 FASHION POINT DR STE 300, OGDEN, UT 84403-4684
Preparer
Chett Campbell CPA
Phone
8016211575
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Fasb to gasb adjustment -78,745.”

Form 990, Part XI, Line 9

“Utah house bill 242 (h.b. 242) was passed in 2020 and requires utah charter schools to report under the governmental accounting standards board (gasb) framework. As a result of implementing the financial reporting requirements of h.b. 242, the school has converted the financial statement presentation of the school financial statements and related disclosures to be presented in accordance with the gasb financial reporting framework. Previously, the school prepared financials statements under the financial accounting standards board (fasb) framework.”

Raw XML AppendixShowing 400 of 465 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0517640
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0581422
IRS990/AccountsReceivableGrp/BOYAmt021856
IRS990/AccountsReceivableGrp/EOYAmt0254582
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0CHARTER SCHOOL SERVING KINDERGARTEN - FIFTH GRADE.
IRS990/AdvertisingGrp/ProgramServicesAmt011263
IRS990/AdvertisingGrp/TotalAmt011263
IRS990/AllOtherContributionsAmt03801
IRS990/AllOtherExpensesGrp/ProgramServicesAmt026138
IRS990/AllOtherExpensesGrp/TotalAmt026138
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0RED APPLE FINANCIAL
IRS990/BooksInCareOfDetail/PhoneNum08013944140
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0433 NORTH 1500 WEST
IRS990/BooksInCareOfDetail/USAddress/CityNm0MARRIOTTSLATERVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0UT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd084404
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt02565553
IRS990/CashNonInterestBearingGrp/EOYAmt01215087
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0257255
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0257255
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt09313851
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt08505
IRS990/CYOtherExpensesAmt01903331
IRS990/CYOtherRevenueAmt0845
IRS990/CYProgramServiceRevenueAmt0123815
IRS990/CYRevenuesLessExpensesAmt0641784
IRS990/CYSalariesCompEmpBnftPaidAmt06901901
IRS990/CYTotalExpensesAmt08805232
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt09447016
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0436638
IRS990/DepreciationDepletionGrp/TotalAmt0436638
IRS990/Desc0THE PROGRAM OF THOMAS EDISON CHARTER SCHOOL IS TO EDUCATE STUDENTS. OUR ACHIEVEMENTS HAVE BEEN AND ARE TO PROVIDE INNOVATIVE EFFECTIVE LEARNING FOR STUDENTS AND HELP PREPARE THEM FOR LIFE AFTER SCHOOL
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt029923
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0263
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt08717076
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt015750
IRS990/FeesForServicesAccountingGrp/TotalAmt015750
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0140
IRS990/FeesForServicesLegalGrp/TotalAmt0140
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt079200
IRS990/FeesForServicesManagementGrp/TotalAmt079200
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0127716
IRS990/FeesForServicesOtherGrp/TotalAmt0127716
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt23.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt33.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt43.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt53.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt63.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0SHEM SMITH
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt1MELANI KIRK
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt727337
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt829210
IRS990/Form990PartVIISectionAGrp/PersonNm0EMILY BUCKLEY
IRS990/Form990PartVIISectionAGrp/PersonNm1KYLE HANCOCK
IRS990/Form990PartVIISectionAGrp/PersonNm2CAROL HIRSCHI
IRS990/Form990PartVIISectionAGrp/PersonNm3HEATHER KNIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm4MICHELLE YOST
IRS990/Form990PartVIISectionAGrp/PersonNm5GAYLEN WORTHEN
IRS990/Form990PartVIISectionAGrp/PersonNm6TAMMY KING
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt786336
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8100245
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/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt01835
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt09310050
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt02175
IRS990/GrossReceiptsAmt09447356
IRS990/GrossRentsGrp/RealAmt0845
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0214581
IRS990/InformationTechnologyGrp/TotalAmt0214581
IRS990/InsuranceGrp/ProgramServicesAmt040945
IRS990/InsuranceGrp/TotalAmt040945
IRS990/InterestGrp/ProgramServicesAmt0460751
IRS990/InterestGrp/TotalAmt0460751
IRS990/InvestmentIncomeGrp/ExclusionAmt06670
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06670
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05189102
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011518799
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011203168
IRS990/LandBldgEquipCostOrOtherBssAmt016392270
IRS990/LegalDomicileStateCd0UT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0340
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06355654
IRS990/NetAssetsOrFundBalancesBOYAmt07239514
IRS990/NetAssetsOrFundBalancesEOYAmt07802553
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01835
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01835
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0845
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0845
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt07239514
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt07772630
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-78745
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0944112
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0944112
IRS990/OtherExpensesGrp/Desc0SUPPLIES & MATERIALS
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2PURCHASED PROPERTY SERV
IRS990/OtherExpensesGrp/Desc3OTHER PURCHASED SERVICE
IRS990/OtherExpensesGrp/ProgramServicesAmt0253471
IRS990/OtherExpensesGrp/ProgramServicesAmt1130383
IRS990/OtherExpensesGrp/ProgramServicesAmt284507
IRS990/OtherExpensesGrp/ProgramServicesAmt321848
IRS990/OtherExpensesGrp/TotalAmt0253471
IRS990/OtherExpensesGrp/TotalAmt1130383
IRS990/OtherExpensesGrp/TotalAmt284507
IRS990/OtherExpensesGrp/TotalAmt321848
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04973677
IRS990/OtherSalariesAndWagesGrp/TotalAmt04973677
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0367609
IRS990/PayrollTaxesGrp/TotalAmt0367609
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0359248
IRS990/PensionPlanContributionsGrp/TotalAmt0359248
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014243
IRS990/PrincipalOfficerNm0SHEM SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES AND ACTIV
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0123815
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0123815
IRS990/ProgSrvcAccomActy2Grp/Desc0FOOD SERVICE, THOMAS EDISON CHARTER SCHOOL IS NOT PART OF THE NATIONAL SCHOOL LUNCH PROGRAM. ALL MEALS ARE PREORDERED FOR STUDENTS ON A MONTHLY BASIS AND STUDENTS PAY THE COST.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt072266
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt078424
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08867779
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt016844
IRS990/PYOtherExpensesAmt01771653
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0137377
IRS990/PYRevenuesLessExpensesAmt0833095
IRS990/PYSalariesCompEmpBnftPaidAmt06417252
IRS990/PYTotalExpensesAmt08188905
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09022000
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0641784
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0845
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt045391
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06600
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0876895
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt09894883
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04664635
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt014559518
IRS990ScheduleD/EquipmentGrp/BookValueAmt0264335
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0524467
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0788802
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08805232
IRS990ScheduleD/LandGrp/BookValueAmt01043950
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01043950
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09447016
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011203168
IRS990ScheduleD/TotalExpensesPerForm990Amt08805232
IRS990ScheduleD/TotalRevenuePerForm990Amt09447016
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09447016
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08805232
IRS990ScheduleE/ComplianceWithRevProc7550Ind00
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXCUSED FROM FORMAL COMPLIANCE WITH REV. PROC 75-50 AS LONG AS THE SCHOOL'S CHARTER AGREEMENT WITH THE STATE REMAINS IN EFFECT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES STATE AND FEDERAL FUNDING TO OPERATE THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02021-06-28
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0261275269
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0000000000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt05180000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0UTAH CHARTER SCHOOL FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0REFUND TAXABLE BOND ISSUE DATED 10/01/2008
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusConcerningUBIPct00.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusUseByOthersPct00.00000
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/TotalPrivateBusinessUsePct00.00000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt05180000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt05180000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEW BY OUTSIDE CONSULTANT AND THE BOARD'S FINANCE COMMITTEE FOR CORRECTNESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MONITORED BY THE EXECUTIVE DIRECTOR AND BOARD ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL EMPLOYEE COMPENSATION IS BASED ON APPROVED PAY SCALES WHICH ARE REVIWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING BOARD DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FASB TO GASB ADJUSTMENT -78,745.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UTAH HOUSE BILL 242 (H.B. 242) WAS PASSED IN 2020 AND REQUIRES UTAH CHARTER SCHOOLS TO REPORT UNDER THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB) FRAMEWORK. AS A RESULT OF IMPLEMENTING THE FINANCIAL REPORTING REQUIREMENTS OF H.B. 242, THE SCHOOL HAS CONVERTED THE FINANCIAL STATEMENT PRESENTATION OF THE SCHOOL FINANCIAL STATEMENTS AND RELATED DISCLOSURES TO BE PRESENTED IN ACCORDANCE WITH THE GASB FINANCIAL REPORTING FRAMEWORK. PREVIOUSLY, THE SCHOOL PREPARED FINANCIALS STATEMENTS UNDER THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) FRAMEWORK.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0UT
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt05180000
IRS990/TaxExemptBondsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt014112808
IRS990/TotalAssetsEOYAmt013563975
IRS990/TotalAssetsGrp/BOYAmt014112808
IRS990/TotalAssetsGrp/EOYAmt013563975
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt09313851
IRS990/TotalEmployeeCnt0263
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015890
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08789342

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,563,975
Liabilities
$5,761,422
Net assets
$7,802,553
Revenue
$9,447,016
Expenses
$8,805,232
Net income
$641,784
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