Ranches Academy Inc
- Assets
- $5.3m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 72
- Location
- Eagle Mountain, UT
- Founding
- 02/2005
- Data as of
- 06/2023
- EIN
- 90-0147606
Organization Overview
Ranches Academy Inc is located in Eagle Mountain, UT. The organization was established in 2005. 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, Ranches Academy Inc employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ranches 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, Ranches Academy Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $3.1m during the year ending 06/2023. While expenses have increased by 5.4% per year over the past 8 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
PUBLIC CHARTER SCHOOL EDUCATING UTAH STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC CHARTER SCHOOL FOR STUDENTS FROM KINDERGARTEN TO SIXTH GRADE.
FOOD SERVICES FOR STUDENTS AND FACULTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susie Scherer Director | Officer | 40 | $138,233 |
Michelle Bennett Member | Trustee | 2 | $0 |
Rachel Dabel Vice Preside | Trustee | 2 | $0 |
Preston Griffin Secretary | Trustee | 2 | $0 |
Paul Jerome Treasurer | Trustee | 2 | $0 |
Josh Marsh Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,458,516 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,030 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,462,546 |
| Total Program Service Revenue | $51,846 |
| Investment income | $69,675 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,095 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,585,971 |
| 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. | $138,233 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,830,867 |
| Pension plan accruals and contributions | $89,294 |
| Other employee benefits | $193,307 |
| Payroll taxes | $142,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $175 |
| Fees for services: Accounting | $13,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $192,218 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $16,120 |
| Royalties | $0 |
| Occupancy | $81,979 |
| Travel | $10,085 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,978 |
| Interest | $22,779 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $117,531 |
| Insurance | $16,794 |
| All other expenses | $26,490 |
| Total functional expenses | $3,095,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $761,532 |
| Savings and temporary cash investments | $1,997,884 |
| Pledges and grants receivable | $21,890 |
| Accounts receivable, net | $4,758 |
| 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 | $6,613 |
| Net Land, buildings, and equipment | $2,500,829 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,293,506 |
| Accounts payable and accrued expenses | $133,741 |
| Grants payable | $0 |
| Deferred revenue | $20,682 |
| 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 | $441,970 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,189 |
| Total liabilities | $616,582 |
| Net assets without donor restrictions | $4,676,924 |
| 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 | $5,293,506 |