St George Academy
- Assets
- $8.4m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 39
- Location
- Washington, UT
- Founding
- 11/2016
- Data as of
- 06/2022
- EIN
- 47-1905145
Organization Overview
St George Academy is located in Washington, UT. The organization was established in 2016. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, St George Academy employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St George 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, St George Academy generated $2.8m in total revenue. All expenses for the organization totaled $3.4m during the year ending 06/2022. While expenses have increased by 76.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE, GUIDE, DIRECT, AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF ONE PUBLIC CHARTER SCHOOL FOR STUDENTS IN GRADES EIGHT THROUGH TWELVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Hall Director | Officer | 40 | $92,245 |
Shane Laroia Board Member | Trustee | 2 | $0 |
Matthew Smith Lahrman Board Member | Trustee | 2 | $0 |
Amijo Comeford Board Member | Trustee | 2 | $0 |
Carol Vallejo Board Member | Trustee | 2 | $0 |
Neil Walters President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,780,148 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,234 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,785,382 |
| Total Program Service Revenue | $39,061 |
| Investment income | $1,888 |
| 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 | $2,826,335 |
| 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. | $92,245 |
| Compensation of current officers, directors, key employees. | $92,245 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,067,621 |
| Pension plan accruals and contributions | $48,908 |
| Other employee benefits | $129,461 |
| Payroll taxes | $96,975 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $531,747 |
| Advertising and promotion | $8,253 |
| Office expenses | $3,713 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,117 |
| Travel | $5,580 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $695,580 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $416,833 |
| Insurance | $12,869 |
| All other expenses | $0 |
| Total functional expenses | $3,364,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,162,473 |
| Savings and temporary cash investments | $80,691 |
| Pledges and grants receivable | $65,077 |
| Accounts receivable, net | $860 |
| 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 | $6,360,074 |
| Investments—publicly traded securities | $693,552 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,362,727 |
| Accounts payable and accrued expenses | $387,469 |
| Grants payable | $0 |
| Deferred revenue | $76,733 |
| Tax-exempt bond liabilities | $8,880,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $200,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,544,202 |
| Net assets without donor restrictions | -$1,181,475 |
| 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 | $8,362,727 |
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