Utah Military Academy
- Assets
- $24.3m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 226
- Location
- Riverdale, UT
- Founding
- 06/2015
- Data as of
- 06/2022
- EIN
- 46-5071480
Organization Overview
Utah Military Academy is located in Riverdale, UT. The organization was established in 2015. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Utah Military Academy employed 226 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Military 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, Utah Military Academy generated $12.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $12.5m during the year ending 06/2022. While expenses have increased by 20.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE UTAH MILITARY ACADEMY WILL PREPARE CADETS AS LEADERS TO THRIVE IN ANY COMPETITIVE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PUBLIC CHARTER SCHOOL PROVIDING HIGH QUALITY INSTRUCTION BASED ON UTAH STATE REQUIRED CURRICULUM TO STUDENTS IN THE 7TH-12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kit Workman Deputy Superintendent | 40 | $104,727 | |
Jordan Chandler Jul - Apr Superintendent | Officer | 40 | $73,478 |
Bill Orriss Apr - June Superintendent | Officer | 40 | $30,000 |
Baron Wesemann Treasurer | OfficerTrustee | 5 | $0 |
John C Williams Chairman | OfficerTrustee | 4 | $0 |
Curt Oda Vice Chairman | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ek Bailey Construction | 6/29/21 | $2,201,653 |
H-wire Consulting | 6/29/21 | $181,988 |
Boyer Construction | 6/29/21 | $187,691 |
Christian Heritage Consulting | 6/29/21 | $140,619 |
Special Education Consulting Consulting | 6/29/21 | $124,176 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,733,882 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,825,739 |
| Total Program Service Revenue | $378,631 |
| Investment income | $14,727 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,260 |
| 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 | $12,220,357 |
| 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. | $123,028 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,757,103 |
| Pension plan accruals and contributions | $181,067 |
| Other employee benefits | $776,133 |
| Payroll taxes | $507,000 |
| Fees for services: Management | $25,800 |
| Fees for services: Legal | $2,473 |
| Fees for services: Accounting | $68,867 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $282,704 |
| Advertising and promotion | $21,352 |
| Office expenses | $413,099 |
| Information technology | $262,713 |
| Royalties | $0 |
| Occupancy | $14,099 |
| Travel | $144,153 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,457,314 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $580,246 |
| Insurance | $27,689 |
| All other expenses | $95,915 |
| Total functional expenses | $12,465,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $858,252 |
| Savings and temporary cash investments | $4,765,198 |
| Pledges and grants receivable | $458,635 |
| Accounts receivable, net | $1,883 |
| 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 | $15,230 |
| Net Land, buildings, and equipment | $18,245,621 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,344,819 |
| Accounts payable and accrued expenses | $1,297,027 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $21,595,475 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $933,583 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,826,085 |
| Net assets without donor restrictions | -$3,215,345 |
| Net assets with donor restrictions | $3,734,079 |
| 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 | $24,344,819 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Utah Military Academy has recieved totaling $5,092.
| Awarding Organization | Amount |
|---|---|
Midway Usa Foundation Inc Columbia, MO PURPOSE: TO FUND YOUTH SHOOTING SPORTS | $5,092 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Springs Early Colleges Fort Collins, CO | $35,604,171 | $48,955,771 |
Albuquerque Academy Hcsr Albuquerque, NM | $165,817,111 | $34,153,293 |
Kent Denver Country Day School Englewood, CO | $152,128,736 | $28,714,995 |
Santa Fe Indian School Santa Fe, NM | $90,382,939 | $26,366,608 |
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 |