Other Side Academy
- Assets
- $34.7m
- Revenue
- $16.8m
- Investments
- $0.0
- Employees
- 44
- Location
- Salt Lake City, UT
- Founding
- 12/2015
- Data as of
- 12/2022
- EIN
- 47-4495796
Organization Overview
Other Side Academy is located in Salt Lake City, UT. The organization was established in 2015. According to its NTEE Classification (I40) the organization is classified as: Rehabilitation Services for Offenders, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2022, Other Side Academy employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Other Side 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 12/2022, Other Side Academy generated $16.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.9% each year . All expenses for the organization totaled $11.9m during the year ending 12/2022. While expenses have increased by 35.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE OPERATION OF SCHOOLS WHERE STUDENTS LEARN VOCATIONAL, PRO-SOCIAL,AND LIFE SKILLS SO THEY CAN SUCCEED ON "THE OTHER SIDE". STUDENTS ARE MEN AND WOMEN PRE- AND POST-SENTENCING AND THOSE WITHIN JAILS AND PRISONS; AS WELL AS, CONVICTS, SUBSTANCE ABUSERS, HOMELESS, AND OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF RESIDENTIAL 'SCHOOLS' WHERE STUDENTS MAKE A 2-YEAR COMMITMENT TO LIVE AND WORK IN AN ENVIRONMENT THAT PROMOTES MAKING AND KEEPING PROMISES AND LIVING LIFE WITH INTEGRITY, ACCOUNTABILITY, AND LOVE. STUDENTS WORK IN SEVERAL BUSINESS ENTERPRISES - LAWN CARE, CATERING/FOOD SERVICES, RESIDENTIAL/COMMECIAL MOVING, RETAIL THRIFT STORE - IN ALL ASPECTS OF THE BUSINESS. THESE VOCATIONAL EDUCATION ENTERPRISES ARE INTENDED TO PROVIDE THEM WITH MARKETABLE JOB SKILLS UPON GRADUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Stay CEO | OfficerTrustee | 40 | $182,098 |
David Durocher Executive Di | Officer | 40 | $150,483 |
Ted Broman Member | Trustee | 1 | $0 |
Joseph Grenny Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,688 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,788,629 |
| Noncash contributions included in lines 1a–1f | $4,319,123 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,843,317 |
| Total Program Service Revenue | $5,980,170 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $57,585 |
| Net Gain/Loss on Asset Sales | $34,600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,891,100 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,806,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $165,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $332,582 |
| Compensation of current officers, directors, key employees. | $144,098 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,948,506 |
| Pension plan accruals and contributions | $75,603 |
| Other employee benefits | $514,572 |
| Payroll taxes | $162,835 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,596 |
| Fees for services: Accounting | $24,159 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $111,984 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $200,466 |
| Advertising and promotion | $262,870 |
| Office expenses | $233,768 |
| Information technology | $33,118 |
| Royalties | $0 |
| Occupancy | $1,279,858 |
| Travel | $520,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,204 |
| Interest | $482,596 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $809,316 |
| Insurance | $513,343 |
| All other expenses | $0 |
| Total functional expenses | $11,911,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,916,069 |
| Savings and temporary cash investments | $102,721 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $500 |
| 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 | $41,827 |
| Net Land, buildings, and equipment | $26,919,398 |
| Investments—publicly traded securities | $1,182,399 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,549,461 |
| Total assets | $34,712,375 |
| Accounts payable and accrued expenses | $331,384 |
| Grants payable | $0 |
| Deferred revenue | $102,562 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,429,085 |
| Secured mortgages and notes payable | $6,403,882 |
| Unsecured mortgages and notes payable | $89,678 |
| Other liabilities | $908,564 |
| Total liabilities | $10,265,155 |
| Net assets without donor restrictions | $20,704,126 |
| Net assets with donor restrictions | $3,743,094 |
| 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 | $34,712,375 |