City Academy
- Assets
- $1.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 41
- Location
- Salt Lake City, UT
- Founding
- 03/2000
- Data as of
- 06/2024
- EIN
- 87-0636694
Organization Overview
City Academy is located in Salt Lake City, UT. The organization was established in 2000. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2024, City Academy employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City 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 06/2024, City Academy generated $2.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $2.5m during the year ending 06/2024. While expenses have increased by 1.4% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
CITY ACADEMY, A CHARTER SCHOOL, OFFERS EDUCATIONAL SERVICES IN THE FORM OF A PUBLIC SECONDARY SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED TEACHERS, CLASSROOMS, EQUIPMENT, AND OTHER NECESSITIES FOR THE EDUCATION AND INSTRUCTION OF SECONDARY STUDENTS FROM 7TH TO 12TH GRADES.
PROVIDED MEALS TO STUDENTS AND FACULTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walker Kennedy III Board Member | Trustee | 1 | $0 |
Larry Hintze Board Member | Trustee | 1 | $0 |
Erik Bengtzen Board Member | Trustee | 1 | $0 |
Kelle Smart Board Member | Trustee | 1 | $0 |
Steve Foxley Board Member | Trustee | 1 | $0 |
Taylor Woodbury Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,923,603 |
| All other contributions, gifts, grants, and similar amounts not included above | $525,545 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,449,148 |
| Total Program Service Revenue | $17,763 |
| Investment income | $24,100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,870 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,493,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,290 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,509,780 |
| Pension plan accruals and contributions | $42,004 |
| Other employee benefits | $112,060 |
| Payroll taxes | $117,923 |
| 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 | $123,297 |
| Advertising and promotion | $14,691 |
| Office expenses | $2,792 |
| Information technology | $6,174 |
| Royalties | $0 |
| Occupancy | $106,984 |
| Travel | $2,595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,502 |
| Interest | $20,434 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $199,714 |
| Insurance | $17,452 |
| All other expenses | $10,468 |
| Total functional expenses | $2,478,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,945 |
| Savings and temporary cash investments | $131,786 |
| Pledges and grants receivable | $156,288 |
| Accounts receivable, net | $248,110 |
| 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 | $120,976 |
| Net Land, buildings, and equipment | $26,920 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $455,673 |
| Total assets | $1,267,698 |
| Accounts payable and accrued expenses | $232,628 |
| Grants payable | $0 |
| Deferred revenue | $542,897 |
| 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 | $477,960 |
| Other liabilities | $0 |
| Total liabilities | $1,253,485 |
| Net assets without donor restrictions | $9,084 |
| Net assets with donor restrictions | $5,129 |
| 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 | $1,267,698 |