Renaissance Academy
- Assets
- $15.4m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 118
- Location
- Lehi, UT
- Founding
- 06/2008
- Data as of
- 06/2022
- EIN
- 20-3365730
Organization Overview
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 06/2022, Renaissance Academy employed 118 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 06/2022, Renaissance Academy generated $6.8m 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 $6.4m during the year ending 06/2022. While expenses have increased by 5.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Ursic Executive Di | Officer | 40 | $146,003 |
Lance Anderson Board Member | Trustee | 5 | $0 |
Emily Haleck Board Member | Trustee | 5 | $0 |
Ryan Hunter Pres/treas | Trustee | 20 | $0 |
Cameron Hughes Board Member | Trustee | 10 | $0 |
Jennifer Lambert Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,610,869 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,551 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,649,420 |
| Total Program Service Revenue | $94,462 |
| Investment income | $9,924 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,278 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,766,915 |
| 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. | $146,003 |
| Compensation of current officers, directors, key employees. | $146,003 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,802,183 |
| Pension plan accruals and contributions | $196,401 |
| Other employee benefits | $225,892 |
| Payroll taxes | $272,939 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,125 |
| Fees for services: Accounting | $13,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $230,647 |
| Advertising and promotion | $0 |
| Office expenses | $1,135 |
| Information technology | $59,834 |
| Royalties | $0 |
| Occupancy | $174,896 |
| Travel | $19,053 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $623,985 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $233,978 |
| Insurance | $18,853 |
| All other expenses | $13,833 |
| Total functional expenses | $6,361,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,075,758 |
| Savings and temporary cash investments | $776,535 |
| Pledges and grants receivable | $436,397 |
| Accounts receivable, net | $32,117 |
| 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 | $10,947,066 |
| Investments—publicly traded securities | $923,736 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $258,372 |
| Total assets | $15,449,981 |
| Accounts payable and accrued expenses | $783,290 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $12,520,000 |
| 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 | $201,065 |
| Total liabilities | $13,504,355 |
| Net assets without donor restrictions | $1,945,626 |
| 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 | $15,449,981 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Renaissance Academy has recieved totaling $767.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $767 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Heritage Schools Inc American Fork, UT | $76,345,416 | $17,728,637 |
Dr Miriam And Sheldon G Adelson Educational Institute Las Vegas, NV | $45,249,882 | $16,559,222 |
Vail Mountain School Vail, CO | $56,713,678 | $17,984,280 |
Harvest Power Community Development Group Inc Yuma, AZ | $16,728,343 | $18,038,703 |
Sandia School Albuquerque, NM | $27,571,490 | $14,904,182 |
St Annes Episcopal School Inc Denver, CO | $46,260,720 | $15,462,450 |
Highline Academy Incorporation Denver, CO | $14,864,642 | $15,484,851 |
Legacy Traditional School-Phoenix Chandler, AZ | $39,660,573 | $11,666,395 |
Cibecue Community Education Board Inc Cibecue, AZ | $19,497,767 | $20,057,835 |
Aspen Country Day School Inc Aspen, CO | $49,647,660 | $11,714,828 |
Stanley British Primary School Denver, CO | $27,048,051 | $12,840,906 |
Denver Christian Schools Lakewood, CO | $38,547,145 | $10,170,026 |