Renaissance Academy
- Assets
- $15.4m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 115
- Location
- Lehi, UT
- Founding
- 06/2008
- Data as of
- 06/2023
- 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 06/2023, 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
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Board, Officers & Key Employees
| 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 |
Financial Statements
| 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 |