Quest Academy Inc
- Assets
- $17.1m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 0
- Location
- West Haven, UT
- Founding
- 11/2007
- Data as of
- 06/2020
- EIN
- 26-0198425
Organization Overview
Quest Academy Inc is located in West Haven, UT. The organization was established in 2007. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quest Academy Inc 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 06/2020, Quest Academy Inc generated $8.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $7.4m during the year ending 06/2020. While expenses have increased by 5.7% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE EDUCATION OF STUDENTS GRADES K-9.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDUCATION OF STUDENTS K-9 IN A TECHNOLOGY RICH ENVIRONMENT INTEGRATING TECHNOLOGY INTO THE CORE CURRICULUM AND INSTRUCTIONAL STRATEGIES.
THE EDUCATION OF STUDENTS K-9 IN A TECHNOLOGY RICH ENVIRONMENT INTEGRATING TECHNOLOGY INTO THE CORE CURRICULUM AND INSTRUCTIONAL STRATEGIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Reeve Board President | Trustee | 2 | $0 |
Brittney Hale Board Vice President | Trustee | 2 | $0 |
Shawn Miehlke Board Member | Trustee | 2 | $0 |
Michele Kersey-Smith Board Member | Trustee | 2 | $0 |
Brett Greenwell Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,867,446 |
| Investment income | $73,258 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,510 |
| 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 | $8,182,008 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $403,892 |
| Fees for services: Legal | $0 |
| 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 | $139,698 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $71,696 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $444 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $527,624 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $481,301 |
| Insurance | $30,148 |
| All other expenses | $0 |
| Total functional expenses | $7,430,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,426,988 |
| Savings and temporary cash investments | $1,050,092 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $232,591 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,136,116 |
| Accounts payable and accrued expenses | $590,480 |
| Grants payable | $0 |
| Deferred revenue | $12,460 |
| Tax-exempt bond liabilities | $12,646,578 |
| 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 | $0 |
| Total liabilities | $13,249,518 |
| 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 |
| Total liabilities and net assets/fund balances | $3,886,598 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Quest Academy Inc has recieved totaling $967.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $967 |
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 |