Jefferson Academy
- Assets
- $11.3m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Kaysville, UT
- Founding
- 04/2009
- Data as of
- 06/2020
- EIN
- 26-2546736
Organization Overview
Jefferson Academy is located in Kaysville, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jefferson 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 06/2020, Jefferson Academy generated $4.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $4.2m during the year ending 06/2020. While expenses have increased by 1.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE EDUCATION OF STUDENTS GRADES K-6.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDUCATION OF STUDENTS GRADES K-6; WITH STUDENTS ENROLLED WITH AN EMPHASIS IN HISTORY AND CITIZENSHIP. A RATIO OF 25 STUDENTS PER TEACHER IS ALSO MAINTAINED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Facer Board Chair | Trustee | 4 | $0 |
Paul Smith Board Member | Trustee | 2 | $0 |
Alana Wilson Board Member | Trustee | 2 | $0 |
Heidi Bauerle Board Member | Trustee | 2 | $0 |
Natalie Allman Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,289,831 |
| Investment income | $39,206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,265 |
| 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 | $4,400,715 |
| Statement of Expenses | |
|---|---|
| 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 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 | $242,464 |
| 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 | $100,508 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $40,969 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $41 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $702,345 |
| Payments to affiliates | $278,192 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,153 |
| All other expenses | $0 |
| Total functional expenses | $4,168,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $727,887 |
| Savings and temporary cash investments | $1,918,841 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,533 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,263,808 |
| Accounts payable and accrued expenses | $540,106 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $12,067,706 |
| 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 | $12,607,812 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$1,344,004 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jefferson Academy has recieved totaling $6,158.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $6,158 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Community Development Corporation Tucson, AZ | $20,473,547 | $20,902,974 |
Nevada Virtual Academy Las Vegas, NV | $12,366,306 | $18,372,416 |
Academy Of Math & Science Inc Tucson, AZ | $35,777,199 | $18,613,878 |
Windsor Charter Academy Windsor, CO | $36,625,608 | $15,987,871 |
Science Technology Engineering And Math Stem High School Highlands Ranch, CO | $15,587,452 | $17,872,586 |
Stargate Charter School Thornton, CO | $19,773,978 | $21,738,033 |
Syracuse Arts Academy Inc Syracuse, UT | $37,683,088 | $15,500,034 |
Legacy Traditional School-Surprise Chandler, AZ | $32,091,284 | $16,357,315 |
American Leadership Academy Inc Spanish Fork, UT | $40,999,211 | $16,702,602 |
Chavez Huerta K-12 Preparatory Academy Pueblo, CO | $45,291,290 | $14,740,819 |
Liberty Tradition Charter School Phoenix, AZ | $15,402,752 | $15,178,313 |
Coral Academy Of Science Reno Reno, NV | $34,851,915 | $13,673,616 |