Srs Education
- Assets
- $458.0k
- Revenue
- $979.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Monroe, UT
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 46-3049883
Organization Overview
Srs Education is located in Monroe, UT. The organization was established in 2016. According to its NTEE Classification (B25) the organization is classified as: Secondary & High 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. Srs Education 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 12/2022, Srs Education generated $979.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 5.9% per year over the past 8 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
"THE MISSION OF SRS EDUCATION IS TO PROVIDE ALL STUDENTS WITH A QUALITY EDUCATION WHICH WILL ENABLE THEM TO COMPETE IN A GLOBAL ECONOMY AND EXERCISE THE RIGHTS AND RESPONSIBILITIES OF CITIZENSHIP".
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PAST YEAR SRS HAS BEEN SUCCESSFUL IN SAFELY KEEPING IT'S DOORS OPEN AMID THE COVID19 PANDEMIC. WE FELT IT IMPORTANT TO OUR STUDENTS, WHO ENROLL INTO OUR FACILITY DUE TO POOR BEHAVIOR, DRUG ADDICTIONS, TRUANCY AND SEVERAL OTHER ISSUES THAT ARE IMPEDING THEIR ABILITY TO BE SUCCESSFUL IN SCHOOL OR HOME LIFE. WE TAKE ON THESE STUDENTS AND PROVIDE MEANS FOR THEM TO BECOME SUCCESSFUL. WE OFFER EXCEPTIONAL SCHOOLING AND CREDIT RECOVERY PROGRAMS THAT GET STUDENTS BACK ON TRACK TOWARDS GRADUATION. CURRENTLY 87% OF STUDENTS ENROLLED ARE BEHIND IN SCHOOL AND LOOKING AT A GED AS THEIR ONLY OPTION. AFTER STUDENTS COMPLETE OUR PROGRAM 95% OF THEM ARE BACK ON TRACK NOT ONLY EDUCATIONALLY BUT SOCIALLY. THEY SEE THE VALUE OF AN EDUCATION AND ARE MOTIVATED TO FINISH HIGH SCHOOL AND ATTEND COLLEGE. STATISTICALLY OVER THE PAST YEARS 91% OF STUDENTS WHO HAVE GRADUATED OUR PROGRAM HAVE GRADUATED HIGH SCHOOL. THIS IS ASTOUNDING RESULTS WHEN WE LOOK AT THE FACT THAT SO FEW WERE ON THIS PATH TO BEGIN. WE HAVE FOUND GREAT PRIDE IN KNOWING THAT WE ARE POSITIVELY INFLUENCING SO MANY YOUTH TO OVERCOME THEIR OBSTACLES AND BE A PRODUCTIVE CITIZEN OF WHICH THEY CAN BE PROUD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Larsen Officer | Officer | 40 | $133,200 |
Trina Swalberg Officer | Officer | 40 | $97,200 |
Mary Ann Larsen Officer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $113,318 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,318 |
| Total Program Service Revenue | $849,268 |
| Investment income | $16,910 |
| 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 | $979,496 |
| 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. | $230,400 |
| Compensation of current officers, directors, key employees. | $133,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $656,225 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,642 |
| Payroll taxes | $66,980 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,124,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $457,998 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $457,998 |
| Accounts payable and accrued expenses | $6,802 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $6,802 |
| Net assets without donor restrictions | $451,196 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $457,998 |
Peer Organizations
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|---|---|---|
Santa Fe Preparatory School Santa Fe, NM | $79,113,849 | $36,111,805 |
Fountain Valley School Of Colorado Colorado Springs, CO | $92,362,981 | $24,818,046 |
Wasatch Academy Mt Pleasant, UT | $45,866,695 | $17,823,805 |
Navajo Preparatory School Inc Farmington, NM | $37,567,327 | $9,309,197 |
Bosque School Albuquerque, NM | $33,698,643 | $13,258,557 |
Utah Military Academy Riverdale, UT | $24,344,819 | $12,220,357 |
Valley Christian Schools Chandler, AZ | $29,261,285 | $13,775,724 |
Davinci Academy Of Science And The Arts Ogden, UT | $18,116,859 | $12,303,431 |
Pusch Ridge Christian Academy Inc Tucson, AZ | $24,764,674 | $12,047,856 |
Legacy Traditional School - Laveen Chandler, AZ | $17,210,896 | $9,027,749 |
Arizona School For The Arts Phoenix, AZ | $17,957,065 | $9,971,200 |
Denver Jewish Day School Denver, CO | $13,403,281 | $10,611,914 |