Renaissance Academy is located in Lehi, UT. The organization was established in 2008. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Renaissance Academy employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renaissance 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, Renaissance Academy generated $7.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $7.2m during the year ending 06/2023. While expenses have increased by 6.0% per year over the past 8 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
INSPIRING STUDENTS TO EXCEL BY APPLYING INNOVATIVE, INDIVIDUALIZED, AND EXPERIENTIAL LEARNING METHODS IN WORLD LANGUAGE AND CLASSICAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF ONE PUBLIC CHARTER SCHOOL SERVING KINDERGARTEN THROUGH GRADE NINE.
TO PROVIDE MEALS FOR FACULTY AND STUDENTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jared Barfuss Board Member | Trustee | 10 | $0 |
Cameron Hughes Board Member | Trustee | 15 | $0 |
Emily Haleck Board Member | Trustee | 5 | $0 |
Jennifer Lambert Board Member | Trustee | 5 | $0 |
Mark Ursic Executive Di | Officer | 40 | $153,864 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $7,016,402 |
All other contributions, gifts, grants, and similar amounts not included above | $37,675 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,054,077 |
Total Program Service Revenue | $161,066 |
Investment income | $43,719 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $8,900 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $7,267,762 |
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. | $153,864 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,231,323 |
Pension plan accruals and contributions | $223,791 |
Other employee benefits | $247,855 |
Payroll taxes | $322,059 |
Fees for services: Management | $0 |
Fees for services: Legal | $7,465 |
Fees for services: Accounting | $15,900 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $286,954 |
Advertising and promotion | $0 |
Office expenses | $1,145 |
Information technology | $71,513 |
Royalties | $0 |
Occupancy | $262,380 |
Travel | $25,652 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $618,623 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $355,405 |
Insurance | $16,950 |
All other expenses | $19,470 |
Total functional expenses | $7,223,936 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,757,153 |
Savings and temporary cash investments | $778,632 |
Pledges and grants receivable | $80,530 |
Accounts receivable, net | $23,587 |
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 | $0 |
Net Land, buildings, and equipment | $10,610,460 |
Investments—publicly traded securities | $946,635 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $241,147 |
Total assets | $15,438,144 |
Accounts payable and accrued expenses | $903,910 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $12,350,000 |
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 | $194,782 |
Total liabilities | $13,448,692 |
Net assets without donor restrictions | $1,989,452 |
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 | $15,438,144 |