Ronald Wilson Reagan Academy
- Assets
- $12.3m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 141
- Location
- Springville, UT
- Founding
- 05/2007
- Data as of
- 06/2024
- EIN
- 56-2533763
Organization Overview
Ronald Wilson Reagan Academy is located in Springville, UT. The organization was established in 2007. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2024, Ronald Wilson Reagan Academy employed 141 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ronald Wilson Reagan 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 06/2024, Ronald Wilson Reagan Academy generated $7.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $7.4m during the year ending 06/2024. While expenses have increased by 5.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE, 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 FROM KINDERGARTEN THROUGH EIGHTH GRADE.
OPERATION OF A FOOD SERVICE PROGRAM TO BENEFIT STUDENTS AND FACULTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Millward President | OfficerTrustee | 1 | $0 |
Austianna Wilson Treasurer | OfficerTrustee | 1 | $0 |
Amy Magelby Board Member | Trustee | 1 | $0 |
April Gallier Board Member | Trustee | 1 | $0 |
Joy Herring Board Member | Trustee | 1 | $0 |
Justin Riggs Director | Officer | 40 | $212,906 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,301,786 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,227 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,322,013 |
| Total Program Service Revenue | $233,348 |
| Investment income | $86,081 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $340 |
| Net Gain/Loss on Asset Sales | -$316 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,696,825 |
| 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. | $212,906 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,701,212 |
| Pension plan accruals and contributions | $143,793 |
| Other employee benefits | $694,844 |
| Payroll taxes | $347,167 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $381,827 |
| Advertising and promotion | $18,426 |
| Office expenses | $2,233 |
| Information technology | $135,345 |
| Royalties | $0 |
| Occupancy | $145,466 |
| Travel | $123,926 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $501,198 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $364,897 |
| Insurance | $26,747 |
| All other expenses | $15,849 |
| Total functional expenses | $7,372,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,824,312 |
| Savings and temporary cash investments | $770,487 |
| Pledges and grants receivable | $73,771 |
| Accounts receivable, net | $0 |
| 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 | $8,352,846 |
| Investments—publicly traded securities | $1,285,932 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,307,348 |
| Accounts payable and accrued expenses | $552,679 |
| Grants payable | $0 |
| Deferred revenue | $1,872 |
| Tax-exempt bond liabilities | $10,445,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $44,419 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $461,705 |
| Total liabilities | $11,505,675 |
| Net assets without donor restrictions | $801,673 |
| 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 | $12,307,348 |