Mountain Sunrise Academy Inc
- Assets
- $11.9m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 73
- Location
- Saratoga Springs, UT
- Founding
- 11/2019
- Data as of
- 06/2023
- EIN
- 83-4508230
Organization Overview
Mountain Sunrise Academy Inc is located in Saratoga Springs, UT. The organization was established in 2019. 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, Mountain Sunrise Academy Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountain Sunrise Academy Inc 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, Mountain Sunrise Academy Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $4.0m during the year ending 06/2023. While expenses have increased by 10.1% per year over the past 3 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
MOUNTAIN SUNRISE ACADEMY EMPHASIZES WHOLE CHILD EDUCATION TO INSPIRE EACH CHILD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE OUR STUDENTS WITH AN EDUCATION AND ALLOW THE SCHOOL TO ACCOMPLISH ITS GOALS AS STATED IN ITS MISSION STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mindy Carruth President | OfficerTrustee | 3 | $0 |
Bill Mark Vice President | OfficerTrustee | 3 | $0 |
Alyssa Giles Treasurer | OfficerTrustee | 3 | $0 |
Bryn Stanfill Trustee | Trustee | 3 | $0 |
Samantha Stephenson Trustee | Trustee | 3 | $0 |
Lisa Dent Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,458,949 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,099 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,503,048 |
| Total Program Service Revenue | $6,504 |
| Investment income | $40,757 |
| 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 | $4,550,309 |
| 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. | $120,461 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,852,624 |
| Pension plan accruals and contributions | $80,542 |
| Other employee benefits | $328,815 |
| Payroll taxes | $151,415 |
| Fees for services: Management | $74,856 |
| Fees for services: Legal | $91,240 |
| Fees for services: Accounting | $15,709 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $165,722 |
| Advertising and promotion | $5,806 |
| Office expenses | $14,162 |
| Information technology | $34,633 |
| Royalties | $0 |
| Occupancy | $222,514 |
| Travel | $3,366 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $447,036 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $265,292 |
| Insurance | $28,864 |
| All other expenses | $5,751 |
| Total functional expenses | $4,037,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $884,523 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $187,902 |
| Accounts receivable, net | $1,843 |
| 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 | $34,558 |
| Net Land, buildings, and equipment | $9,454,866 |
| Investments—publicly traded securities | $1,367,743 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,931,435 |
| Accounts payable and accrued expenses | $313,623 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $11,064,704 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $241,116 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,619,443 |
| Net assets without donor restrictions | -$430,991 |
| Net assets with donor restrictions | $742,983 |
| 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 | $11,931,435 |