Ivy Hall Academy Of Provo
- Assets
- $465.0k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 21
- Location
- Provo, UT
- Founding
- 11/1994
- Data as of
- 06/2021
- EIN
- 87-0510602
Organization Overview
Ivy Hall Academy Of Provo is located in Provo, UT. The organization was established in 1994. 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 06/2021, Ivy Hall Academy Of Provo employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ivy Hall Academy Of Provo 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 06/2021, Ivy Hall Academy Of Provo generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 8.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED QUALITY EDUCATION TO 237 CHILDREN GRADES K-8
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Simpson Exec Dir | OfficerTrustee | 40 | $0 |
Kris Crowther Secretary-Board Member | OfficerTrustee | 1 | $0 |
Michael Simpson Vice Chair | Trustee | 1 | $0 |
Joyca Tan Board Member | Trustee | 1 | $0 |
Peter Chan Treasurer | Trustee | 1 | $0 |
David Reeves Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,513 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,080 |
| Net Income from Fundraising Events | $23,463 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,466,217 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $541,691 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,105 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,882 |
| Fees for services: Legal | $3,447 |
| Fees for services: Accounting | $1,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,565 |
| Office expenses | $23,613 |
| Information technology | $1,864 |
| Royalties | $0 |
| Occupancy | $303,348 |
| Travel | $0 |
| 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 | $9,832 |
| Insurance | $3,458 |
| All other expenses | $0 |
| Total functional expenses | $1,156,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,938 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,340 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,072 |
| Prepaid expenses and deferred charges | $31,360 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $465,004 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $69,737 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $120,999 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $274,268 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $344,005 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $120,999 |
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