Leadership Academy Of Utah
- Assets
- $1.9m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 87
- Location
- Clearfield, UT
- Founding
- 01/2020
- Data as of
- 06/2023
- EIN
- 81-2875800
Organization Overview
Leadership Academy Of Utah is located in Clearfield, UT. The organization was established in 2020. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Leadership Academy Of Utah employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadership Academy Of Utah 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, Leadership Academy Of Utah generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $4.0m during the year ending 06/2023. While expenses have increased by 19.7% per year over the past 4 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
2023
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 AN ONLINE PUBLIC CHARTER SCHOOL SERVING STUDENTS IN GRADES SIX THROUGH TWELVE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Foster President | OfficerTrustee | 2 | $0 |
Joseph Neratko Treasurer | OfficerTrustee | 2 | $0 |
Theodore Moon Board Member | Trustee | 2 | $0 |
Jeremiah Rogers Board Member | Trustee | 2 | $0 |
John Tripp Executive Di | Officer | 40 | $43,808 |
Peter Jensen CEO & Co-Fou | Officer | $62,640 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,675,632 |
| All other contributions, gifts, grants, and similar amounts not included above | $721 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,676,353 |
| Total Program Service Revenue | $8,274 |
| Investment income | $36,353 |
| 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 | $4,721,491 |
| 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. | $106,448 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,257,995 |
| Pension plan accruals and contributions | $17,579 |
| Other employee benefits | $123,276 |
| Payroll taxes | $95,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $540 |
| Fees for services: Accounting | $13,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,628,917 |
| Advertising and promotion | $0 |
| Office expenses | $9,346 |
| Information technology | $102,948 |
| Royalties | $0 |
| Occupancy | $22,265 |
| Travel | $54,900 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,001 |
| Interest | $731 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,124 |
| Insurance | $17,786 |
| All other expenses | $39 |
| Total functional expenses | $4,011,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,692,551 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $200,024 |
| Accounts receivable, net | $5,118 |
| 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 | $9,134 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,906,827 |
| Accounts payable and accrued expenses | $58,783 |
| Grants payable | $0 |
| Deferred revenue | $1,887 |
| 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 | $60,670 |
| Net assets without donor restrictions | $1,846,157 |
| 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 | $1,906,827 |