Promontory School Of Expeditionary Learning
- Assets
- $11.8m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 123
- Location
- Perry, UT
- Founding
- 12/2011
- Data as of
- 06/2023
- EIN
- 45-1217552
Organization Overview
Promontory School Of Expeditionary Learning is located in Perry, UT. The organization was established in 2011. 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, Promontory School Of Expeditionary Learning employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promontory School Of Expeditionary Learning 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, Promontory School Of Expeditionary Learning generated $4.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $4.9m during the year ending 06/2023. While expenses have increased by 10.0% per year over the past 4 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 A RICH EDUCATIONAL ENVIRONMENT THAT VIEWS LEARNING AS AN EXPEDITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAIN PROGRAM IS TO EDUCATE STUDENTS. OUR ACHIEVEMENTS HAVE BEEN AND ARE TO PROVIDE INNOVATIVE EFFECTIVE LEARNING FOR STUDENTS AND HELP PREPARE THEM FOR LIFE AFTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber Edelman Board Chair | OfficerTrustee | 3 | $0 |
Michelle Flynn Board Vice Chair | OfficerTrustee | 3 | $0 |
Emily Morgan Treasurer | OfficerTrustee | 3 | $0 |
Dorothy Dobson Trustee | Trustee | 3 | $0 |
Karen Braithwaite Trustee | Trustee | 3 | $0 |
Janie Ward Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,672,885 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,725 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,688,610 |
| Total Program Service Revenue | $71,385 |
| Investment income | $56,901 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,023 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,807,873 |
| 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. | $91,194 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,234,494 |
| Pension plan accruals and contributions | $90,237 |
| Other employee benefits | $398,057 |
| Payroll taxes | $171,929 |
| Fees for services: Management | $75,816 |
| Fees for services: Legal | $320 |
| Fees for services: Accounting | $23,773 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $261,438 |
| Advertising and promotion | $15,856 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $154,057 |
| Travel | $16,581 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $778,116 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $277,427 |
| Insurance | $25,682 |
| All other expenses | $5,807 |
| Total functional expenses | $4,916,168 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $691,631 |
| Pledges and grants receivable | $374,588 |
| Accounts receivable, net | $28,275 |
| 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 | $19,821 |
| Net Land, buildings, and equipment | $5,445,017 |
| Investments—publicly traded securities | $5,234,675 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,794,007 |
| Accounts payable and accrued expenses | $297,750 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $9,340,438 |
| 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 | $9,638,188 |
| Net assets without donor restrictions | -$2,437,361 |
| Net assets with donor restrictions | $4,593,180 |
| 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 | $11,794,007 |