Bonneville Academy
- Assets
- $11.3m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 135
- Location
- Stansbury Park, UT
- Founding
- 08/2016
- Data as of
- 06/2023
- EIN
- 47-4892393
Organization Overview
Bonneville Academy is located in Stansbury Park, 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, Bonneville Academy employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bonneville 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 06/2023, Bonneville Academy generated $5.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $4.3m during the year ending 06/2023. 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
BONNEVILLE ACADEMY WILL FOSTER CRITICAL THINKING AND PROBLEM SOLVING SKILLS IN STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAIN PROGRAM IS TO EDUCATE STUDENTS. OUR ACHIEVEMENTS HAVE BEEN AND ARE TO PROVIDE INNOVATIVE EFFECTIVE LEARNING FOR STUDENTS AND HELP PREPARE THEM FOR LIFE AFTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashlin Fox Chair | OfficerTrustee | 3 | $0 |
Corrie Norman Vice Chair | OfficerTrustee | 3 | $0 |
Will Frazier Treasurer | Trustee | 3 | $0 |
Michelle Graff Trustee | Trustee | 3 | $0 |
Brita Hall Trustee | Trustee | 3 | $0 |
Juliette Herrera Director Of Operations | Officer | 3 | $66,954 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,019,318 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,327 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,032,645 |
| Total Program Service Revenue | $105,536 |
| Investment income | $50,074 |
| 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 | $5,188,255 |
| 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. | $85,279 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,083,374 |
| Pension plan accruals and contributions | $81,100 |
| Other employee benefits | $331,170 |
| Payroll taxes | $169,802 |
| Fees for services: Management | $78,624 |
| Fees for services: Legal | $22,965 |
| Fees for services: Accounting | $21,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $221,613 |
| Advertising and promotion | $31,122 |
| Office expenses | $40,604 |
| Information technology | $84,493 |
| Royalties | $0 |
| Occupancy | $128,842 |
| Travel | $14,618 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $302,844 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $360,925 |
| Insurance | $13,567 |
| All other expenses | $0 |
| Total functional expenses | $4,344,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,335,299 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $255,422 |
| 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 | $46,530 |
| Net Land, buildings, and equipment | $8,269,235 |
| Investments—publicly traded securities | $1,388,219 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,294,705 |
| Accounts payable and accrued expenses | $334,423 |
| Grants payable | $0 |
| Deferred revenue | $500 |
| 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 | $8,949,090 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,284,013 |
| Net assets without donor restrictions | $1,627,915 |
| Net assets with donor restrictions | $382,777 |
| 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 | $11,294,705 |