Beehive Educational Services
- Assets
- $30.8m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 108
- Location
- Sandy, UT
- Founding
- 09/2005
- Data as of
- 06/2024
- EIN
- 20-0912672
Organization Overview
Beehive Educational Services, operating under the name Beehive Science & Technology Academy, is located in Sandy, UT. The organization was established in 2005. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2024, Beehive Science & Technology Academy employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beehive Science & Technology Academy 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 06/2024, Beehive Science & Technology Academy generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $8.9m during the year ending 06/2024. While expenses have increased by 17.0% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC CHARTER SCHOOL SERVING KINDERGARTEN THROUGH TWELFTH GRADE STUDENTS.
THE SCHOOL PROVIDES FOOD SERVICES FOR THE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calvin Zulich President | OfficerTrustee | 2 | $0 |
Davron Muhabbatov Treasurer | OfficerTrustee | 2 | $0 |
Tarik Guney Secretary | OfficerTrustee | 2 | $0 |
Marci Houseman Member | Trustee | 2 | $0 |
Dr Ahmet Yavuz Member | Trustee | 2 | $0 |
Hanifi Oguz Principal | Officer | 56 | $147,136 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,837,401 |
| All other contributions, gifts, grants, and similar amounts not included above | $496,761 |
| Noncash contributions included in lines 1a–1f | $434,773 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,334,162 |
| Total Program Service Revenue | $179,482 |
| Investment income | $280,930 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,350 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,817,027 |
| 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. | $147,136 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,529,871 |
| Pension plan accruals and contributions | $139,797 |
| Other employee benefits | $541,361 |
| Payroll taxes | $348,892 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,800 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $372,489 |
| Advertising and promotion | $58,443 |
| Office expenses | $39,703 |
| Information technology | $225,873 |
| Royalties | $0 |
| Occupancy | $265,145 |
| Travel | $52,147 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,895 |
| Interest | $1,022,214 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,152 |
| Insurance | $69,454 |
| All other expenses | $51,520 |
| Total functional expenses | $8,854,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $875,094 |
| Savings and temporary cash investments | $5,368,566 |
| Pledges and grants receivable | $320,463 |
| Accounts receivable, net | $675 |
| 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 | $46,247 |
| Net Land, buildings, and equipment | $24,205,892 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,816,937 |
| Accounts payable and accrued expenses | $980,284 |
| Grants payable | $0 |
| Deferred revenue | $1,072,031 |
| Tax-exempt bond liabilities | $25,900,000 |
| 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 | $515,799 |
| Total liabilities | $28,468,114 |
| Net assets without donor restrictions | $2,348,823 |
| Net assets with donor restrictions | $0 |
| 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 | $30,816,937 |