Early Light Academy
- Assets
- $22.3m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 0
- Location
- South Jordan, UT
- Founding
- 04/2010
- Data as of
- 06/2023
- EIN
- 26-2722827
Organization Overview
Early Light Academy is located in South Jordan, UT. The organization was established in 2010. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Early Light 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, Early Light Academy generated $10.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $10.3m during the year ending 06/2023. While expenses have increased by 5.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE EDUCATION OF STUDENTS GRADE K-9.
Describe the Organization's Program Activity:
THE EDUCATION OF STUDENTS GRADES K-9; WITH STUDENTS ENROLLED WITH AN EMPHASIS IN HISTORY. A RATIO OF 26 STUDENTS PER TEACHER IS ALSO MAINTAINED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenn Lund Board President | OfficerTrustee | 2 | $0 |
Andrea Johnson Vice President | OfficerTrustee | 2 | $0 |
Brian Christensen Secretary | OfficerTrustee | 2 | $0 |
Brett Crockett Board Member | Trustee | 2 | $0 |
Candice Mitchell Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
One West Construction Construction Services | 6/29/23 | $976,594 |
Academica West Consulting Services | 6/29/23 | $367,700 |
Lunch Pro Llc Food Service Management | 6/29/23 | $356,714 |
Onward Technology Llc Technical Support | 6/29/23 | $148,123 |
Utah Speech And Language Solution Speech Therapy | 6/29/23 | $135,868 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,659,639 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,663,186 |
| Total Program Service Revenue | $344,413 |
| Investment income | $171,629 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,328 |
| 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 | $10,267,172 |
| 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. | $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 | $0 |
| Fees for services: Legal | $13,950 |
| Fees for services: Accounting | $37,369 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $911,193 |
| Advertising and promotion | $5,728 |
| Office expenses | $56,466 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $186,156 |
| Travel | $7,748 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,031,245 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $522,324 |
| Insurance | $63,322 |
| All other expenses | $681,760 |
| Total functional expenses | $10,311,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,670,975 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $426,505 |
| Accounts receivable, net | $6,970 |
| 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 | $15,678,345 |
| Investments—publicly traded securities | $4,522,158 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,304,953 |
| Accounts payable and accrued expenses | $1,608,958 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $22,149,240 |
| 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 | $23,758,198 |
| Net assets without donor restrictions | -$4,833,164 |
| Net assets with donor restrictions | $3,379,919 |
| 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 | $22,304,953 |