American Academy Of Innovation
- Assets
- $11.1m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 68
- Location
- South Jordan, UT
- Founding
- 07/2016
- Data as of
- 06/2023
- EIN
- 47-4143305
Organization Overview
American Academy Of Innovation is located in South Jordan, 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 06/2023, American Academy Of Innovation employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Academy Of Innovation 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, American Academy Of Innovation generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 63.5% each year . All expenses for the organization totaled $4.9m during the year ending 06/2023. While expenses have increased by 51.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN ACADEMY OF INNOVATION COMBINES ACADEMIC FUNDAMENTALS; CAREER, TECHNOLOGY, AND 21ST-CENTURY SKILLS, WITH INTERNATIONAL AND COMMUNITY PARTNERSHIPS THROUGH PROJECT-BASED LEARNING TO IGNITE AN INNOVATIVE MINDSET WITHIN THE INDIVIDUAL AND SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR VISION IS TO EMPOWER THE INDIVIDUAL MIND TO IMPROVE THE WORLD.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Dabell Board Chair | OfficerTrustee | 0.5 | $0 |
Ann Lobos Treasurer (sept-June) | OfficerTrustee | 0.5 | $0 |
Susan Bond Board Member | Trustee | 0.5 | $0 |
Julie Edwards Board Member | Trustee | 0.5 | $0 |
Rodayne Esmay Board Member | Trustee | 0.5 | $0 |
Jonathan Cannon Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,845,921 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,271 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,865,192 |
| Total Program Service Revenue | $247,928 |
| Investment income | $42,783 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,000 |
| 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 | $5,182,903 |
| 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. | $139,022 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,592,047 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $111,827 |
| Payroll taxes | $199,953 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $17,241 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $108,364 |
| Advertising and promotion | $62,044 |
| Office expenses | $0 |
| Information technology | $39,766 |
| Royalties | $0 |
| Occupancy | $10,393 |
| Travel | $60,380 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $706,986 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $245,669 |
| Insurance | $32,591 |
| All other expenses | $0 |
| Total functional expenses | $4,883,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $684,778 |
| Savings and temporary cash investments | $347,141 |
| Pledges and grants receivable | $133,006 |
| Accounts receivable, net | $2,000 |
| 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 | $8,626,533 |
| Investments—publicly traded securities | $1,330,197 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,123,655 |
| Accounts payable and accrued expenses | $547,446 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $9,885,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,263,541 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,695,987 |
| Net assets without donor restrictions | -$2,530,070 |
| Net assets with donor restrictions | $957,738 |
| 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 | $11,123,655 |