Venture Academy is located in Marriottslaterville, UT. The organization was established in 2008. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Venture Academy employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Venture 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, Venture Academy generated $7.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $6.9m during the year ending 06/2022. While expenses have increased by 4.9% 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
TO PROVIDE INNOVATIVE AND EFFECTIVE LEARNING FOR STUDENTS AND HELP PREPARE THEM FOR LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICLY FUNDED CHARTER SCHOOL EDUCATING UTAH CHILDREN.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Child Executive Director | Officer | 40 | $126,490 |
Sharmilla Felix Board Chair | OfficerTrustee | 2 | $0 |
Kevin Wasden Trustee | Trustee | 0.5 | $0 |
Randy Wilson Trustee | Trustee | 0.5 | $0 |
Christel Grange-Hicks Trustee | Trustee | 0.5 | $0 |
Andrea Riches Trustee | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $7,314,626 |
All other contributions, gifts, grants, and similar amounts not included above | $2,727 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,317,353 |
Total Program Service Revenue | $158,516 |
Investment income | $14,468 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
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 | $7,490,337 |
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. | $144,211 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,572,420 |
Pension plan accruals and contributions | $181,068 |
Other employee benefits | $603,810 |
Payroll taxes | $288,187 |
Fees for services: Management | $82,799 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $14,300 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $129,848 |
Advertising and promotion | $5,670 |
Office expenses | $48,191 |
Information technology | $79,184 |
Royalties | $0 |
Occupancy | $355,478 |
Travel | $941 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $408,276 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $363,356 |
Insurance | $26,042 |
All other expenses | $0 |
Total functional expenses | $6,934,379 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,215,557 |
Savings and temporary cash investments | $3,560,309 |
Pledges and grants receivable | $342,724 |
Accounts receivable, net | $13,015 |
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 | $25,350 |
Net Land, buildings, and equipment | $11,057,230 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $16,214,185 |
Accounts payable and accrued expenses | $455,166 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $6,221,048 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $5,151,938 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $11,828,152 |
Net assets without donor restrictions | $3,322,881 |
Net assets with donor restrictions | $1,063,152 |
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 | $16,214,185 |
Over the last fiscal year, we have identified 1 grants that Venture Academy has recieved totaling $569.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $569 |
Organization Name | Assets | Revenue |
---|---|---|
Association Of Christian Schools International Colorado Springs, CO | $18,742,731 | $17,834,465 |
Horizon Community Learning Center Inc Phoenix, AZ | $18,558,731 | $15,800,218 |
Cheyenne Mountain Charter Academy Colorado Springs, CO | $6,874,430 | $14,641,481 |
Gilbert Christian Schools Inc Gilbert, AZ | $7,847,673 | $15,216,131 |
Sun Valley Community School Inc Sun Valley, ID | $39,076,653 | $16,449,416 |
Heritage Academy Inc Mesa, AZ | $18,363,649 | $13,455,385 |
Kingman Academy Of Learning Kingman, AZ | $18,472,423 | $13,887,291 |
Legacy Traditional School-Queen Creek Chandler, AZ | $20,023,143 | $11,762,909 |
Idaho Arts Charter School Nampa, ID | $27,001,838 | $12,430,623 |
Legacy Traditional School- Avondale Inc Chandler, AZ | $23,043,250 | $12,125,697 |
Pan-American Elementary Charter School Phoenix, AZ | $37,196,562 | $11,678,522 |
Compass Public Charter School Inc Meridian, ID | $30,633,815 | $11,054,812 |