Wgu Academy
- Assets
- $434.9k
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- Data as of
- 06/2021
- EIN
- 85-2768979
Organization Overview
Wgu Academy is located in Salt Lake City, UT. Wgu Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOR THE INSTRUCTION OF STUDENTS IN SUPPORT OF THE EDUCATION EDUCATIONAL PURPOSES OF WESTERN GOVERNORS UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WGU ACADEMY (ACADEMY) BEGAN OPERATIONS AS ITS OWN SEPARATE COMPANY IN JANUARY 2021. ACADEMY SOUGHT AND RECEIVED CREDIT RECOMMENDATION FROM THE AMERICAN COUNCIL ON EDUCATION (ACE) FOR ITS FLAGSHIP COURSE, THE PROGRAM FOR ACADEMIC AND CAREER ADVANCEMENT (PACA). PACA NOW TRANSFERS TO OTHER INSTITUTIONS AS A 3-CREDIT COMMUNICATIONS COURSE. ACADEMY CONTINUES TO OFFER ITS COLLEGE READINESS PROGRAM TO UNDERSERVED POPULATIONS ACROSS A VARIETY OF CLIENTS IN DIFFERENT SEGMENTS. HIGHER ED, EMPLOYER GROUPS, AND COMMUNITY GROUPS. AT THE END OF FISCAL YEAR 2021 (JUNE 2021), ACADEMY HAD APPROXIMATELY 3,000 ACTIVE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Partridge President (until 1/31/2021) | OfficerTrustee | 40 | $0 |
Mark Shaffer Secretary | Officer | 2 | $0 |
Adam Davis Interm Pres (2/11/2021) | Officer | 28 | $0 |
Scott Tanner Treasurer (until 2/11/2022) | Officer | 2 | $0 |
Scott Pulsipher Director (chair) | Trustee | 1 | $0 |
Tammy Johns Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $11,110,000 |
| Government grants | $0 |
| 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 | $11,110,000 |
| Total Program Service Revenue | $3,551,571 |
| Investment income | $18,371 |
| 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 | $14,679,967 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $140,275 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $331,128 |
| Compensation of current officers, directors, key employees. | $82,782 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,123,925 |
| Pension plan accruals and contributions | $118,978 |
| Other employee benefits | $388,813 |
| Payroll taxes | $188,945 |
| Fees for services: Management | $28,840 |
| Fees for services: Legal | $37,148 |
| Fees for services: Accounting | $49,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,051,070 |
| Advertising and promotion | $24,224 |
| Office expenses | $5,275 |
| Information technology | $307,854 |
| Royalties | $0 |
| Occupancy | $126,844 |
| Travel | $2,533 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $181 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,031 |
| Insurance | $3,827 |
| All other expenses | $0 |
| Total functional expenses | $6,938,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $39,735 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $135,554 |
| 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 | $205,185 |
| Net Land, buildings, and equipment | $54,377 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $434,851 |
| Accounts payable and accrued expenses | $497,889 |
| Grants payable | $0 |
| Deferred revenue | $235,987 |
| 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 | $733,876 |
| Net assets without donor restrictions | -$299,025 |
| 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 | $434,851 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wgu Academy has recieved totaling $10,850,000.
| Awarding Organization | Amount |
|---|---|
Corporation Of Western Governers University Salt Lake City, UT PURPOSE: CAPITAL CONTRIBUTION INCLUDING LOAN FORGIVENESS | $10,850,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Stem Center Seattle, WA | $144,962,083 | $51,456,581 |
Kirk Humanitarian Salt Lake City, UT | $3,740,895 | $18,227,954 |
Translational Pulmonary And Immunology Research Center Long Beach, CA | $5,349,856 | $21,502,717 |
Leavenworth-Jefferson Electric Cooperative Inc Topeka, KS | $0 | $20,178,550 |
Southern Calif Glaziers H&w Tr Fund Covina, CA | $29,114,155 | $20,946,347 |
Association Of Former Students Of Texas A & M University College Station, TX | $202,537,498 | $46,927,604 |
Eleven Counties Cement Masons Vacation Savings Plan Arcadia, CA | $5,589,566 | $20,011,615 |
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Los Angeles Tourism & Convention Board Los Angeles, CA | $19,187,650 | $21,164,251 |
Oregon Museum Of Science And Industry Portland, OR | $61,863,442 | $22,605,398 |
Education Training And Research Associates Scotts Valley, CA | $15,485,603 | $19,032,847 |