American Academy Of Innovation
- Assets
- $10.8m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 81
- Location
- South Jordan, UT
- Founding
- 07/2016
- Data as of
- 06/2021
- 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 06/2021, American Academy Of Innovation employed 81 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 06/2021, American Academy Of Innovation generated $4.2m in total revenue. All expenses for the organization totaled $4.3m during the year ending 06/2021. While expenses have increased by 69.7% 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
2021
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.
OUR VISION IS TO EMPOWER THE INDIVIDUAL MIND TO IMPROVE THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Dabell Board Chair | OfficerTrustee | 0.5 | $0 |
Rodayne Esmay Treasurer | OfficerTrustee | 0.5 | $0 |
Julie Edwards Board Member | Trustee | 0.5 | $0 |
Clint Johnson Board Member | Trustee | 0.5 | $0 |
Jonathan Connon Board Member | Trustee | 0.5 | $0 |
Susan Bond 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 | $4,008,050 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,023,255 |
| Total Program Service Revenue | $191,634 |
| Investment income | $9,828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,350 |
| Net Gain/Loss on Asset Sales | -$3,304 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,235,763 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,339,372 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $116,308 |
| Payroll taxes | $167,495 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,668 |
| Fees for services: Accounting | $12,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $112,559 |
| Advertising and promotion | $45,025 |
| Office expenses | $0 |
| Information technology | $55,979 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,761 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $706,640 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $243,845 |
| Insurance | $25,405 |
| All other expenses | $0 |
| Total functional expenses | $4,313,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,087,247 |
| Savings and temporary cash investments | $818,470 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88,396 |
| 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 | $8,775,840 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,769,953 |
| Accounts payable and accrued expenses | $457,396 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $10,325,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,398,755 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,181,151 |
| Net assets without donor restrictions | -$3,237,739 |
| Net assets with donor restrictions | $826,541 |
| 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 | $10,769,953 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Academy Of Innovation has recieved totaling $55.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $55 |
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