Excelsior Academy
- Assets
- $23.9m
- Revenue
- $14.3m
- Investments
- $0.0
- Employees
- 263
- Location
- Erda, UT
- Founding
- 05/2009
- Data as of
- 06/2023
- EIN
- 26-0806243
Organization Overview
Excelsior Academy is located in Erda, UT. The organization was established in 2009. 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, Excelsior Academy employed 263 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Excelsior 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, Excelsior Academy generated $14.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $13.2m during the year ending 06/2023. While expenses have increased by 14.7% 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
TO EDUCATE SCHOLARS WITH A BROAD CLASSICAL FOUNDATION OF KNOWLEDGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE SCHOLARS FROM KINDERGARTEN THROUGH EIGTH GRADE WITH A LIBERAL ARTS, CLASSICAL EDUCATION SCHOOL MODEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Clark Board Chair | OfficerTrustee | 10 | $0 |
Danelle Robins Vice Chair | OfficerTrustee | 10 | $0 |
Helen Emefo Treasurer | OfficerTrustee | 10 | $0 |
Nathan Harris Board Member | Trustee | 10 | $0 |
Cathy Hunter Board Member | Trustee | 10 | $0 |
Emily Smith Board Member | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pine Tree Construction Construction | 6/29/22 | $174,237 |
Public Employees Health Program Medical & Dental Ins. Premium | 6/29/22 | $168,435 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,227 |
| Related organizations | $0 |
| Government grants | $13,847,920 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,702 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,902,849 |
| Total Program Service Revenue | $396,220 |
| Investment income | $53,326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,446 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,345,949 |
| 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. | $396,354 |
| Compensation of current officers, directors, key employees. | $259,401 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,638,232 |
| Pension plan accruals and contributions | $386,182 |
| Other employee benefits | $888,059 |
| Payroll taxes | $574,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,001 |
| Fees for services: Accounting | $34,936 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $466,794 |
| Advertising and promotion | $5,202 |
| Office expenses | $0 |
| Information technology | $126,769 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,344 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $715,414 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $609,726 |
| Insurance | $42,784 |
| All other expenses | $7,230 |
| Total functional expenses | $13,221,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,354,581 |
| Savings and temporary cash investments | $54,097 |
| Pledges and grants receivable | $105,420 |
| Accounts receivable, net | $1,970 |
| 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 | $57,088 |
| Net Land, buildings, and equipment | $20,254,660 |
| Investments—publicly traded securities | $1,050,895 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,878,711 |
| Accounts payable and accrued expenses | $899,649 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $19,058,882 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,958,531 |
| Net assets without donor restrictions | $2,860,479 |
| Net assets with donor restrictions | $1,059,701 |
| 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 | $23,878,711 |