Syracuse Arts Academy Inc
- Assets
- $46.4m
- Revenue
- $18.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Syracuse, UT
- Founding
- 01/2008
- Data as of
- 06/2023
- EIN
- 11-3738847
Organization Overview
Syracuse Arts Academy Inc is located in Syracuse, UT. The organization was established in 2008. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Syracuse Arts Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Syracuse Arts Academy Inc generated $18.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $18.7m during the year ending 06/2023. While expenses have increased by 6.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE EDUCATION OF STUDENTS GRADES K-9.
Describe the Organization's Program Activity:
THE EDUCATION OF STUDENTS GRADES K-9; STUDENTS ENROLLED WITH AN EMPHASIS IN DISCOVERY AND MASTERY OF HUMANITIES AND FINE ARTS WHILE KEEPING A LOW STUDENT TO TEACHER RATIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Johnston Board Chair | OfficerTrustee | 2 | $0 |
Nathan Schow Vice Chair | OfficerTrustee | 2 | $0 |
Neil Garner Secretary | OfficerTrustee | 2 | $0 |
Rene Dreiling Financial Coord. | OfficerTrustee | 2 | $0 |
Jerrad Pullum Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
One West Construction Construction | 6/29/23 | $1,133,309 |
Diane Peakcharter School Therapy Occupational Therapy | 6/29/23 | $141,975 |
Academica West Consulting Services | 6/29/23 | $760,593 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,123,271 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,979 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,146,250 |
| Total Program Service Revenue | $450,650 |
| Investment income | $300,327 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $47,429 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,944,656 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,361,015 |
| Advertising and promotion | $2,967 |
| Office expenses | $185,372 |
| Information technology | $236,299 |
| Royalties | $0 |
| Occupancy | $222,226 |
| Travel | $42,582 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,568,040 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $942,249 |
| Insurance | $79,897 |
| All other expenses | $838,679 |
| Total functional expenses | $18,723,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,632,094 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $295,030 |
| Accounts receivable, net | $6,678 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $166,694 |
| Net Land, buildings, and equipment | $32,111,690 |
| Investments—publicly traded securities | $10,171,669 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,383,855 |
| Accounts payable and accrued expenses | $1,709,244 |
| Grants payable | $0 |
| Deferred revenue | $77,909 |
| Tax-exempt bond liabilities | $35,526,305 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $37,313,458 |
| Net assets without donor restrictions | $4,345,521 |
| Net assets with donor restrictions | $4,724,876 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $46,383,855 |