Entheos Academy
- Assets
- $19.2m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 213
- Location
- Kearns, UT
- Founding
- 06/2006
- Data as of
- 06/2023
- EIN
- 20-2393662
Organization Overview
Entheos Academy is located in Kearns, UT. The organization was established in 2006. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Entheos Academy employed 213 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Entheos 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 06/2023, Entheos Academy generated $12.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $10.3m during the year ending 06/2023. While expenses have increased by 5.3% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRE THE RISING GENERATION TO REACH THE HEIGHTS OF THEIR POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING A PUBLIC CHARTER SCHOOL FOR GRADES K-8.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod Eichelberger Board Chair | OfficerTrustee | 1 | $0 |
Xazmin Prows Board Vice Chair | OfficerTrustee | 1 | $0 |
Deb Ivie Treasurer | OfficerTrustee | 1 | $0 |
Alisha Cartier Secretary | OfficerTrustee | 1 | $0 |
Karen Bogenschutz Member | Trustee | 1 | $0 |
Brittany Garner Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Intermountain Speech Pathology Medical | 6/29/23 | $110,094 |
Red Apple Financial Financial Consulting | 6/29/23 | $108,000 |
Caliber Cleaning Services Commercial Cleaning | 6/29/23 | $136,224 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,700,789 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,969 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,732,758 |
| Total Program Service Revenue | $133,472 |
| Investment income | $171,720 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $12,037,950 |
| 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. | $146,407 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,075,868 |
| Pension plan accruals and contributions | $224,101 |
| Other employee benefits | $1,037,037 |
| Payroll taxes | $388,456 |
| Fees for services: Management | $108,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,709 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $630,294 |
| Advertising and promotion | $5,403 |
| Office expenses | $14,310 |
| Information technology | $124,068 |
| Royalties | $0 |
| Occupancy | $402,275 |
| Travel | $143,715 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $342,702 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $458,476 |
| Insurance | $51,307 |
| All other expenses | $139,178 |
| Total functional expenses | $10,301,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,489,076 |
| Savings and temporary cash investments | $54,951 |
| Pledges and grants receivable | $1,265,676 |
| Accounts receivable, net | $7,706 |
| 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 | $31,337 |
| Net Land, buildings, and equipment | $10,981,058 |
| Investments—publicly traded securities | $5,350,236 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,180,040 |
| Accounts payable and accrued expenses | $818,345 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $12,104,149 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $81,657 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,004,151 |
| Net assets without donor restrictions | $4,621,279 |
| Net assets with donor restrictions | $1,554,610 |
| 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 | $19,180,040 |