Good Foundations Academy Charter School
- Assets
- $8.3m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 84
- Location
- Riverdale, UT
- Founding
- 08/2010
- Data as of
- 06/2023
- EIN
- 36-4664197
Organization Overview
Good Foundations Academy Charter School is located in Riverdale, UT. The organization was established in 2010. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Good Foundations Academy Charter School employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Foundations Academy Charter School 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, Good Foundations Academy Charter School generated $4.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $3.6m during the year ending 06/2023. While expenses have increased by 1.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXCELLENCE AND FAIRNESS IN EDUCATION THROUGH A COMMON EDUCATIONAL FOUNDATION OUR GOAL IS TO PROVIDE EACH STUDENT WITH KNOWLEDGE, SKILLS, AND CHARACTER THROUGH STRONG PARENT-TEACHER-STUDENT PARTNERSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A PUBLIC CHARTER SCHOOL FOR STUDENTS FROM KINDERGARTEN THROUGH GRADE SIX
TO OPERATE A SCHOOL LUNCH PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Walker Board Chair | OfficerTrustee | 1 | $0 |
Heather Luther Board Member | Trustee | 1 | $0 |
Jed Daily Board Member | Trustee | 1 | $0 |
Tom Koehler Board Member | Trustee | 1 | $0 |
Steve Hepburn Board Member | Trustee | 1 | $0 |
Micah Olson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,143,690 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,890 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,193,580 |
| Total Program Service Revenue | $70,677 |
| Investment income | $89,221 |
| 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 | $4,353,478 |
| 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. | $146,203 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,933,807 |
| Pension plan accruals and contributions | $140,182 |
| Other employee benefits | $218,001 |
| Payroll taxes | $150,158 |
| Fees for services: Management | $8,750 |
| Fees for services: Legal | $180 |
| Fees for services: Accounting | $14,654 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125,621 |
| Advertising and promotion | $439 |
| Office expenses | $416 |
| Information technology | $64,584 |
| Royalties | $0 |
| Occupancy | $59,565 |
| Travel | $10,237 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $304,386 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $166,076 |
| Insurance | $10,778 |
| All other expenses | $2,721 |
| Total functional expenses | $3,614,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $614,605 |
| Savings and temporary cash investments | $47,002 |
| Pledges and grants receivable | $89,067 |
| Accounts receivable, net | $0 |
| 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 | $4,853,398 |
| Investments—publicly traded securities | $2,648,076 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,252,148 |
| Accounts payable and accrued expenses | $260,502 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,170,000 |
| 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 | $0 |
| Total liabilities | $5,430,502 |
| Net assets without donor restrictions | $1,990,894 |
| Net assets with donor restrictions | $830,752 |
| 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 | $8,252,148 |