Good Foundations Academy Charter School
- Assets
- $7.5m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 102
- Location
- Riverdale, UT
- Founding
- 08/2010
- Data as of
- 06/2021
- EIN
- 36-4664197
Organization Overview
Good Foundations Academy Charter School is located in Riverdale, UT. The organization was established in 2010. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Good Foundations Academy Charter School employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Foundations Academy Charter School 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 06/2021, Good Foundations Academy Charter School generated $3.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $3.6m during the year ending 06/2021. While expenses have increased by 5.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EXCELLENCE AND FAIRNESS IN EDUCATION THROUGH A COMMON EDUCATIONAL FOUNDATION OUR GOAL IS TO PROVIDE EACH STUDENT WITH KNOWLEDGE, SKILLS, AND CHARACTER THROUGH STRONG PARENT-TEACHER-STUDENT PARTNERSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A PUBLIC CHARTER SCHOOL FOR STUDENTS FROM KINDERGARTEN THROUGH GRADE SIX
TO OPERATE A SCHOOL LUNCH PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Dau Executive Director | Officer | 40 | $52,865 |
Michelle Arnold Board Chair | OfficerTrustee | 1 | $0 |
Jamie Walker Treasurer | OfficerTrustee | 1 | $0 |
Steve Hepburn Board Member | Trustee | 1 | $0 |
Jed Daily Board Member | Trustee | 1 | $0 |
Tom Koehler Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,882,545 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,979 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,900,524 |
| Total Program Service Revenue | $11,337 |
| Investment income | $7,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,275 |
| 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 | $3,921,028 |
| 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. | $64,816 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,946,910 |
| Pension plan accruals and contributions | $145,782 |
| Other employee benefits | $239,334 |
| Payroll taxes | $151,891 |
| Fees for services: Management | $4,585 |
| Fees for services: Legal | $123 |
| Fees for services: Accounting | $9,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $180,343 |
| Advertising and promotion | $2,913 |
| Office expenses | $0 |
| Information technology | $18,752 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $308,162 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $160,810 |
| Insurance | $8,326 |
| All other expenses | $2,871 |
| Total functional expenses | $3,569,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $735,679 |
| Savings and temporary cash investments | $1,560,092 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $150,056 |
| 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 | $5,059,668 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,505,495 |
| Accounts payable and accrued expenses | $310,197 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,385,000 |
| 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 | $5,695,197 |
| Net assets without donor restrictions | $1,085,493 |
| Net assets with donor restrictions | $724,805 |
| 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 | $7,505,495 |
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