George Washington Academy
- Assets
- $21.2m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 158
- Location
- St George, UT
- Founding
- 11/2007
- Data as of
- 06/2023
- EIN
- 20-4287601
Organization Overview
George Washington Academy is located in St George, UT. The organization was established in 2007. 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, George Washington Academy employed 158 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Washington 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, George Washington Academy generated $10.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $8.5m during the year ending 06/2023. While expenses have increased by 7.1% per year over the past 4 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
WE ARE A COMMUNITY OF LEARNERS DOING WHATEVER IT TAKES TO LEARN AND BUILDING A STRONG FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAIN PROGRAM IS TO EDUCATE STUDENTS. OUR ACHIEVEMENTS HAVE BEEN AND ARE TO PROVIDE INNOVATIVE EFFECTIVE LEARNING FOR STUDENTS AND HELP PREPARE THEM FOR LIFE AFTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Greer President | OfficerTrustee | 3 | $0 |
Kevin Peterson CFO | OfficerTrustee | 3 | $0 |
Casey Unrein Board Member | Trustee | 3 | $0 |
Shauna Mahoney Board Member | Trustee | 3 | $0 |
Holly Myers Board Member | Trustee | 3 | $0 |
Amanda Mortenson Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,659,158 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,694 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,682,852 |
| Total Program Service Revenue | $236,588 |
| Investment income | $254,766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10 |
| Net Gain/Loss on Asset Sales | $10,130 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,184,346 |
| 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. | $151,514 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,795,091 |
| Pension plan accruals and contributions | $213,702 |
| Other employee benefits | $693,848 |
| Payroll taxes | $357,501 |
| Fees for services: Management | $78,336 |
| Fees for services: Legal | $4,568 |
| Fees for services: Accounting | $22,134 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $258,437 |
| Advertising and promotion | $7,923 |
| Office expenses | $0 |
| Information technology | $172,700 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $49,259 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $474,866 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $474,186 |
| Insurance | $45,243 |
| All other expenses | $3,811 |
| Total functional expenses | $8,532,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,597,116 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $230,237 |
| Accounts receivable, net | $3,518 |
| 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 | $6,659 |
| Net Land, buildings, and equipment | $10,918,641 |
| Investments—publicly traded securities | $8,396,851 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,153,022 |
| Accounts payable and accrued expenses | $826,637 |
| Grants payable | $0 |
| Deferred revenue | $409,177 |
| Tax-exempt bond liabilities | $12,006,441 |
| 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 | $13,242,255 |
| Net assets without donor restrictions | $5,285,307 |
| Net assets with donor restrictions | $2,625,460 |
| 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 | $21,153,022 |