Utah Military Academy
- Assets
- $23.9m
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 239
- Location
- Riverdale, UT
- Founding
- 06/2015
- Data as of
- 06/2023
- EIN
- 46-5071480
Organization Overview
Utah Military Academy is located in Riverdale, UT. The organization was established in 2015. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Utah Military Academy employed 239 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Military 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, Utah Military Academy generated $12.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $13.1m during the year ending 06/2023. While expenses have increased by 18.7% 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
THE UTAH MILITARY ACADEMY WILL PREPARE CADETS AS LEADERS TO THRIVE IN ANY COMPETITIVE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PUBLIC CHARTER SCHOOL PROVIDING HIGH QUALITY INSTRUCTION BASED ON UTAH STATE REQUIRED CURRICULUM TO STUDENTS IN THE 7TH-12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Williams Chairman | OfficerTrustee | 4 | $0 |
Curt Oda Vice Chairman | OfficerTrustee | 4 | $0 |
Baron Wesemann Treasurer | OfficerTrustee | 5 | $0 |
Sherrain Rebar Board Member | Trustee | 1 | $0 |
Mitch Blake Board Member | Trustee | 1 | $0 |
Bill Orriss Executive Director | Officer | 40 | $90,337 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ek Bailey Construction | 6/29/21 | $2,201,653 |
Boyer Construction | 6/29/21 | $187,691 |
H-wire Consulting | 6/29/21 | $181,988 |
Christian Heritage Consulting | 6/29/21 | $140,619 |
Special Education Consulting Consulting | 6/29/21 | $124,176 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,451,656 |
| All other contributions, gifts, grants, and similar amounts not included above | $221,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,673,190 |
| Total Program Service Revenue | $533,948 |
| Investment income | $145,769 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $900 |
| Net Gain/Loss on Asset Sales | $6,600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,360,407 |
| 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. | $122,172 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,987,068 |
| Pension plan accruals and contributions | $115,692 |
| Other employee benefits | $679,179 |
| Payroll taxes | $514,201 |
| Fees for services: Management | $154,000 |
| Fees for services: Legal | $29,468 |
| Fees for services: Accounting | $40,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $231,741 |
| Advertising and promotion | $169,368 |
| Office expenses | $90,359 |
| Information technology | $300,134 |
| Royalties | $0 |
| Occupancy | $299,823 |
| Travel | $140,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,512,893 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $652,906 |
| Insurance | $29,011 |
| All other expenses | $21,282 |
| Total functional expenses | $13,136,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $825,910 |
| Savings and temporary cash investments | $1,393,203 |
| Pledges and grants receivable | $251,453 |
| Accounts receivable, net | $9,120 |
| 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 | $215,073 |
| Net Land, buildings, and equipment | $17,971,679 |
| Investments—publicly traded securities | $3,279,759 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,946,197 |
| Accounts payable and accrued expenses | $1,342,083 |
| Grants payable | $0 |
| Deferred revenue | $159,786 |
| Tax-exempt bond liabilities | $22,174,580 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $527,211 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24,203,660 |
| Net assets without donor restrictions | -$4,204,513 |
| Net assets with donor restrictions | $3,947,050 |
| 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 | $23,946,197 |