Canyon Rim Academy
- Assets
- $9.0m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 91
- Location
- Salt Lake City, UT
- Founding
- 01/2008
- Data as of
- 06/2023
- EIN
- 56-2594961
Organization Overview
Canyon Rim Academy is located in Salt Lake City, UT. The organization was established in 2008. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Canyon Rim Academy employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canyon Rim 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, Canyon Rim Academy generated $5.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $3.9m during the year ending 06/2023. While expenses have increased by 2.7% 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
TO OFFER EDUCATIONAL SERVICES IN THE FORM OF A PUBLIC ELEMENTARY CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TEACHERS, CLASSROOMS, EQUIPMENT, AND OTHER NECESSITIES FOR THE EDUCATION AND INSTRUCTION OF ELEMENTARY STUDENTS FROM KINDERGARTEN TO 6TH GRADE.
PROVIDE A PRESCHOOL AND AFTER SCHOOL DAY CARE FOR KINDERGARTENERS.
TO PROVIDE MEALS FOR FACULTY AND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Handy President | OfficerTrustee | 3 | $0 |
Shauna Cundick Secretary | OfficerTrustee | 3 | $0 |
David Hillyard Board Member | Trustee | 2 | $0 |
Becky Benham Board Member | Trustee | 2 | $0 |
Melanie Mortensen Board Member | Trustee | 2 | $0 |
Robert Booth Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,854,336 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,520 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,863,856 |
| Total Program Service Revenue | $229,629 |
| Investment income | $159,776 |
| 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 | $5,253,261 |
| 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. | $239,347 |
| Compensation of current officers, directors, key employees. | $239,347 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,255,521 |
| Pension plan accruals and contributions | $183,937 |
| Other employee benefits | $241,909 |
| Payroll taxes | $184,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $322,588 |
| Advertising and promotion | $0 |
| Office expenses | $1,194 |
| Information technology | $23,879 |
| Royalties | $0 |
| Occupancy | $138,495 |
| Travel | $17,988 |
| 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 | $69,113 |
| Insurance | $27,916 |
| All other expenses | $4,977 |
| Total functional expenses | $3,913,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $522,756 |
| Savings and temporary cash investments | $4,747,000 |
| Pledges and grants receivable | $106,247 |
| Accounts receivable, net | $6,846 |
| 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 | $3,580,202 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,963,051 |
| Accounts payable and accrued expenses | $258,678 |
| Grants payable | $0 |
| Deferred revenue | $409,351 |
| 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 | $668,029 |
| Net assets without donor restrictions | $8,295,022 |
| Net assets with donor restrictions | $0 |
| 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 | $8,963,051 |