Ronald Wilson Reagan Academy
- Assets
- $11.7m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 114
- Location
- Springville, UT
- Founding
- 05/2007
- Data as of
- 06/2022
- 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 06/2022, Ronald Wilson Reagan Academy employed 114 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 06/2022, Ronald Wilson Reagan Academy generated $6.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $6.2m during the year ending 06/2022. While expenses have increased by 3.9% per year over the past 7 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 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 |
|---|---|---|---|
Justin Riggs Director | Officer | 40 | $151,979 |
April Gallier Board Member | Trustee | 1 | $0 |
David Mickelson Board Member | Trustee | 1 | $0 |
Joseph Millward Board Member | Trustee | 1 | $0 |
Emily Shaw Board Member | Trustee | 1 | $0 |
Jenni Theobald Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,307,651 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,865 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,331,516 |
| Total Program Service Revenue | $81,176 |
| Investment income | $5,837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $100 |
| Net Gain/Loss on Asset Sales | $11,016 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,492,528 |
| 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. | $255,548 |
| Compensation of current officers, directors, key employees. | $204,439 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,991,378 |
| Pension plan accruals and contributions | $142,904 |
| Other employee benefits | $616,566 |
| Payroll taxes | $246,824 |
| 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 | $315,885 |
| Advertising and promotion | $18,932 |
| Office expenses | $1,044 |
| Information technology | $52,237 |
| Royalties | $0 |
| Occupancy | $112,694 |
| Travel | $95,546 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $621 |
| Interest | $520,249 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $332,784 |
| Insurance | $27,999 |
| All other expenses | $8,151 |
| Total functional expenses | $6,166,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,554,954 |
| Savings and temporary cash investments | $237,216 |
| Pledges and grants receivable | $47,784 |
| 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 | $8,613,841 |
| Investments—publicly traded securities | $1,277,699 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,651 |
| Total assets | $11,742,145 |
| Accounts payable and accrued expenses | $432,878 |
| Grants payable | $0 |
| Deferred revenue | $1,251 |
| Tax-exempt bond liabilities | $10,975,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $81,590 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $503,676 |
| Total liabilities | $11,994,395 |
| Net assets without donor restrictions | -$252,250 |
| 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 | $11,742,145 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ronald Wilson Reagan Academy has recieved totaling $953.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $953 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kids On The Move Inc Orem, UT | $6,922,809 | $11,309,770 |
Bear River Head Start Logan, UT | $1,393,719 | $9,390,667 |
Denver Montessori Society Denver, CO | $15,996,394 | $7,932,212 |
Villa Montessori Inc Phoenix, AZ | $15,845,171 | $8,152,055 |
Elizabeth Academy Salt Lake City, UT | $22,998,155 | $5,537,962 |
Ridgeline Academy Inc Cave Creek, AZ | $11,647,204 | $8,019,386 |
Ronald Wilson Reagan Academy Springville, UT | $11,742,145 | $6,492,528 |
Lake Tahoe School Incline Village, NV | $29,056,481 | $16,917,580 |
Dayspring Christian Academy Greeley, CO | $1,798,243 | $6,280,842 |
Denver Waldorf School Assn Denver, CO | $14,063,042 | $5,661,064 |
Friends Of Children And Families Inc Boise, ID | $3,302,852 | $6,133,054 |
Friends School Inc Boulder, CO | $8,810,757 | $5,756,755 |