North Star Academy
- Assets
- $9.9m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Bluffdale, UT
- Founding
- 01/2006
- Data as of
- 06/2023
- EIN
- 13-4290294
Organization Overview
North Star Academy is located in Bluffdale, UT. The organization was established in 2006. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Star 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 06/2023, North Star Academy generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $4.8m during the year ending 06/2023. While expenses have increased by 4.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE EDUCATION OF STUDENTS GRADES K-9.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDUCATION OF STUDENTS GRADES K-9; WITH AN EMPHASIS IN MASTERY OF READING, MATHEMATICS AND FOCUS ON PREPARATION FOR ENROLLMENT IN INSTITUTIONS OF HIGHER LEARNING THROUGH A LOW STUDENT TO TEACHER RATIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sidney Warnick Board President | OfficerTrustee | 2 | $0 |
Jordan Shields Board Vice President | OfficerTrustee | 2 | $0 |
Brent Bird Board Secretary | OfficerTrustee | 2 | $0 |
Becky Slagowski Board Member | Trustee | 2 | $0 |
Bob Bell Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Point Load Construction Construction | 6/29/22 | $724,556 |
Academica West Management Services | 6/29/22 | $212,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,126,570 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,116 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,147,686 |
| Total Program Service Revenue | $162,631 |
| Investment income | $117,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,630 |
| 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 | $5,430,977 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $344,349 |
| Advertising and promotion | $7,238 |
| Office expenses | $21,986 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,819 |
| Travel | $34,676 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $246,400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $182,309 |
| Insurance | $16,318 |
| All other expenses | $279,083 |
| Total functional expenses | $4,753,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $798,138 |
| Savings and temporary cash investments | $40,453 |
| Pledges and grants receivable | $188,742 |
| Accounts receivable, net | $1,907 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,570,673 |
| Investments—publicly traded securities | $3,257,170 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,857,083 |
| Accounts payable and accrued expenses | $323,117 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $7,328,814 |
| 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 | $7,651,931 |
| Net assets without donor restrictions | $1,315,843 |
| Net assets with donor restrictions | $889,309 |
| 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 | $9,857,083 |