Canyon Rim Academy
- Assets
- $7.6m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 96
- Location
- Salt Lake City, UT
- Founding
- 01/2008
- Data as of
- 06/2022
- EIN
- 56-2594961
Organization Overview
Canyon Rim Academy is located in Salt Lake City, UT. The organization was established in 2008. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Canyon Rim Academy employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canyon Rim 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, Canyon Rim Academy generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $3.5m during the year ending 06/2022. While expenses have increased by 1.6% 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 OFFER EDUCATIONAL SERVICES IN THE FORM OF A PUBLIC ELEMENTARY CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TEACHERS, CLASSROOMS, EQUIPMENT, AND OTHER NECESSITIES FOR THE EDUCATION AND INSTRUCTION OF ELEMENTARY STUDENTS FROM KINDERGARTEN TO 6TH GRADE.
PROVIDE A PRESCHOOL AND AFTER SCHOOL DAY CARE FOR KINDERGARTENERS.
TO PROVIDE MEALS FOR FACULTY AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Garrett Business Man | Officer | 40 | $111,425 |
Scott Mastroianni Principal | Officer | 40 | $65,722 |
Kristen Billeter Board Member | Trustee | 2 | $0 |
Becky Benham Board Member | Trustee | 2 | $0 |
Shauna Cundick Board Member | Trustee | 2 | $0 |
Robert Booth Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,456,120 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,456,120 |
| Total Program Service Revenue | $114,594 |
| Investment income | $14,249 |
| 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 | $4,584,963 |
| 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. | $177,147 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,021,524 |
| Pension plan accruals and contributions | $141,123 |
| Other employee benefits | $205,979 |
| Payroll taxes | $161,981 |
| 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 | $330,621 |
| Advertising and promotion | $1,726 |
| Office expenses | $606 |
| Information technology | $32,815 |
| Royalties | $0 |
| Occupancy | $128,702 |
| Travel | $14,658 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,509 |
| Insurance | $18,635 |
| All other expenses | $18,233 |
| Total functional expenses | $3,528,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $835,120 |
| Savings and temporary cash investments | $3,213,722 |
| Pledges and grants receivable | $54,278 |
| Accounts receivable, net | $9,033 |
| 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 | $3,462,964 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,575,117 |
| Accounts payable and accrued expenses | $213,465 |
| Grants payable | $0 |
| Deferred revenue | $405,975 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $619,440 |
| Net assets without donor restrictions | $6,955,677 |
| 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 | $7,575,117 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Canyon Rim Academy has recieved totaling $438.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $438 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Heritage Schools Inc American Fork, UT | $76,345,416 | $17,728,637 |
Dr Miriam And Sheldon G Adelson Educational Institute Las Vegas, NV | $45,249,882 | $16,559,222 |
Vail Mountain School Vail, CO | $56,713,678 | $17,984,280 |
Harvest Power Community Development Group Inc Yuma, AZ | $16,728,343 | $18,038,703 |
Sandia School Albuquerque, NM | $27,571,490 | $14,904,182 |
St Annes Episcopal School Inc Denver, CO | $46,260,720 | $15,462,450 |
Highline Academy Incorporation Denver, CO | $14,864,642 | $15,484,851 |
Legacy Traditional School-Phoenix Chandler, AZ | $39,660,573 | $11,666,395 |
Cibecue Community Education Board Inc Cibecue, AZ | $19,497,767 | $20,057,835 |
Aspen Country Day School Inc Aspen, CO | $49,647,660 | $11,714,828 |
Stanley British Primary School Denver, CO | $27,048,051 | $12,840,906 |
Denver Christian Schools Lakewood, CO | $38,547,145 | $10,170,026 |