Hawthorn Academy
- Assets
- $44.0m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 0
- Location
- West Jordan, UT
- Founding
- 09/2009
- Data as of
- 06/2023
- EIN
- 26-2723562
Organization Overview
Hawthorn Academy is located in West Jordan, 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. Hawthorn 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, Hawthorn Academy generated $15.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $12.7m during the year ending 06/2023. While expenses have increased by 5.9% 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 K-9; WITH STUDENTS ENROLLED WITH AN EMPHASIS IN SYSTEM INQUIRY AND SOCRATIC METHOD LEARNING. A RATIO OF 25 STUDENTS PER TEACHER IS ALSO MAINTAINED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Tatton Board Chair | OfficerTrustee | 2 | $0 |
Meggen Pettit Board Vice President | OfficerTrustee | 2 | $0 |
Jamie Dickinson Board Secretary | OfficerTrustee | 2 | $0 |
Heidi Scott Board Financial Coordinato | OfficerTrustee | 2 | $0 |
Janielle Edwards Board Member | Trustee | 2 | $0 |
Brooke Lara Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jordan River Speech Therapy Llc Speech Therapy Services | 6/29/22 | $115,170 |
Academica West Management Services | 6/29/22 | $508,975 |
Richard Hagen Educational Therapy Pros Occupation/psychotherapy Services | 6/29/22 | $101,548 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,254,004 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,623 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,301,627 |
| Total Program Service Revenue | $316,141 |
| Investment income | $571,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,274 |
| 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 | $15,208,915 |
| 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 | $21,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,114,554 |
| Advertising and promotion | $6,294 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $157,844 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,177,040 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $735,168 |
| Insurance | $55,926 |
| All other expenses | $761,068 |
| Total functional expenses | $12,721,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,839,303 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $365,315 |
| Accounts receivable, net | $5,130 |
| 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 | $850 |
| Net Land, buildings, and equipment | $23,156,813 |
| Investments—publicly traded securities | $18,591,816 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $43,959,227 |
| Accounts payable and accrued expenses | $1,137,295 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $26,985,015 |
| 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 | $28,122,310 |
| Net assets without donor restrictions | $4,036,004 |
| Net assets with donor restrictions | $11,800,913 |
| 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 | $43,959,227 |