Daystar Adventist Academy
- Assets
- $1.0m
- Revenue
- $727.6k
- Investments
- $0.0
- Employees
- 23
- Location
- Castle Valley, UT
- Founding
- 02/1972
- Data as of
- 06/2022
- EIN
- 23-7119022
Organization Overview
Daystar Adventist Academy, operating under the name Castle Valley Academy, is located in Castle Valley, UT. The organization was established in 1972. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Castle Valley Academy employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Castle Valley 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, Castle Valley Academy generated $727.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $520.0k during the year ending 06/2022. 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
BOARDING ACADEMY FOR GRADES 9-12, PROVIDING EDUCATION IN PRACTICAL WORK, RELIGIOUS INSTRUCTION, AND SCHOLASTIC AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOARDING ACADEMY: A PRACTICAL EDUCATION COMBINING SCHOLASTIC STUDIES WITH A PRACTICAL WORK EXPERIENCE. EMPHASIS PLACED UPON CHARACTER DEVELOPMENT REFLECTING CHRISTIAN VIRTUES. OPERATION OF FARM PROGRAM CONSIDERED TO BE THE ABCS OF THIS TYPE OF EDUCATIONAL PROGRAM. THERE WERE 9 STUDENTS DURING 2021-2022 SCHOOL YEAR.
THRIFT STORE: MAINTAINED TO PROVIDE OPPORTUNITIES FOR OUTREACH TO THE LOCAL COMMUNITY AND SUPPORT FOR THE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valencia Miller Secretary | OfficerTrustee | 1 | $4,983 |
Craig Cleveland President (end Of Year) | OfficerTrustee | 40 | $1,991 |
Randal Ward President (first Part Of Year) | OfficerTrustee | 40 | $0 |
Ken Miller Treasurer | OfficerTrustee | 0 | $0 |
Sonya Stone Director | Trustee | 0 | $0 |
Steve Dickman Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $468,508 |
| Noncash contributions included in lines 1a–1f | $8,557 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $468,508 |
| Total Program Service Revenue | $244,941 |
| Investment income | $38 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,880 |
| 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 | $727,556 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,008 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,166 |
| Compensation of current officers, directors, key employees. | $7,166 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,522 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,120 |
| Payroll taxes | $9,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $333 |
| 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 | $646 |
| Advertising and promotion | $1,709 |
| Office expenses | $22,762 |
| Information technology | $4,732 |
| Royalties | $0 |
| Occupancy | $107,748 |
| Travel | $46,960 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,724 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,894 |
| Insurance | $27,227 |
| All other expenses | $0 |
| Total functional expenses | $520,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,058 |
| Savings and temporary cash investments | $192,513 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,644 |
| 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 | $696,381 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,023,596 |
| Accounts payable and accrued expenses | $25,408 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $149,717 |
| Other liabilities | $0 |
| Total liabilities | $175,125 |
| Net assets without donor restrictions | $0 |
| 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 | $848,471 |
| Total liabilities and net assets/fund balances | $1,023,596 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Daystar Adventist Academy has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Alpenglow Foundation Aspen, CO PURPOSE: WORTHY STUDENT FUND | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Classical Academy Colorado Springs, CO | $97,154,437 | $39,391,484 |
Spectrum Healthcare Group Inc Cottonwood, AZ | $17,862,058 | $29,292,227 |
University Studies Abroad Consortium Reno, NV | $41,233,258 | $28,044,577 |
Arizona Agribusiness & Equine Center Phoenix, AZ | $41,363,992 | $18,352,142 |
Northwest Christian School Phoenix, AZ | $14,587,608 | $15,711,697 |
Fit Kids Inc Scottsdale, AZ | $27,357,951 | $13,904,484 |
Center For Academic Success Sierra Vista, AZ | $18,278,347 | $12,993,576 |
Denver Scholarship Foundation Denver, CO | $33,817,323 | $13,999,484 |
Bluum Inc Boise, ID | $2,040,780 | $9,996,338 |
Shonto Governing Board Of Education Inc Shonto, AZ | $17,193,292 | $18,993,066 |
Early Light Academy South Jordan, UT | $20,669,504 | $8,816,501 |
Riverstone Community School Inc Boise, ID | $14,062,968 | $7,409,648 |