Lumen Scholar Institute
- Assets
- $2.0m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 90
- Location
- Orem, UT
- Founding
- 05/2017
- Data as of
- 06/2021
- EIN
- 47-1342184
Organization Overview
Lumen Scholar Institute is located in Orem, UT. The organization was established in 2017. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Lumen Scholar Institute employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lumen Scholar Institute 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, Lumen Scholar Institute generated $4.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $4.4m during the year ending 06/2021. While expenses have increased by 8.2% per year over the past 5 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
UTAH CHARTER SCHOOL SERVING GRADES K-12
Describe the Organization's Program Activity:
Part 3 - Line 4a
A CHARTER SCHOOL SERVING STUDENTS FROM KINDERGARTEN THROUGH 12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Skinner Vice President | OfficerTrustee | 1 | $0 |
Andrea Urban President | OfficerTrustee | 1 | $0 |
Amber Wright Treasurer | OfficerTrustee | 1 | $0 |
Karen Aston Secretary | OfficerTrustee | 1 | $0 |
Nicole DE La Vega Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,399,254 |
| All other contributions, gifts, grants, and similar amounts not included above | $94 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,399,348 |
| Total Program Service Revenue | $16,967 |
| Investment income | $2,250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $4,418,565 |
| 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 | $2,332,145 |
| Pension plan accruals and contributions | $15,424 |
| Other employee benefits | $237,109 |
| Payroll taxes | $152,818 |
| Fees for services: Management | $44,265 |
| Fees for services: Legal | $7,960 |
| Fees for services: Accounting | $10,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,486 |
| Advertising and promotion | $14,838 |
| Office expenses | $106,772 |
| Information technology | $309,964 |
| Royalties | $0 |
| Occupancy | $155,849 |
| Travel | $1,118 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,664 |
| Insurance | $21,061 |
| All other expenses | $0 |
| Total functional expenses | $4,379,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,922,477 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,569 |
| Accounts receivable, net | $0 |
| 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 | $5,366 |
| Net Land, buildings, and equipment | $50,886 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,989,298 |
| Accounts payable and accrued expenses | $311,934 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $311,934 |
| Net assets without donor restrictions | $1,526,068 |
| Net assets with donor restrictions | $151,296 |
| 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 | $1,989,298 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lumen Scholar Institute has recieved totaling $123.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $123 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Agribusiness & Equine Center Phoenix, AZ | $41,363,992 | $18,352,142 |
Northwest Christian School Phoenix, AZ | $14,587,608 | $15,711,697 |
Fit Kids Inc Scottsdale, AZ | $27,357,951 | $13,904,484 |
Center For Academic Success Sierra Vista, AZ | $18,278,347 | $12,993,576 |
Denver Scholarship Foundation Denver, CO | $33,817,323 | $13,999,484 |
Bluum Inc Boise, ID | $2,040,780 | $9,996,338 |
Shonto Governing Board Of Education Inc Shonto, AZ | $17,193,292 | $18,993,066 |
Early Light Academy South Jordan, UT | $20,669,504 | $8,816,501 |
Riverstone Community School Inc Boise, ID | $14,062,968 | $7,409,648 |
Utah Healthcare Institute Inc Slc, UT | $1,273,255 | $6,142,860 |
Clear Global Inc Garden City, ID | $1,164,863 | $4,482,626 |
Scholar Academy Tooele, UT | $13,228,733 | $5,957,332 |