American Leadership Academy Inc
- Assets
- $45.6m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 229
- Location
- Spanish Fork, UT
- Founding
- 11/2006
- Data as of
- 06/2023
- EIN
- 59-3797035
Organization Overview
American Leadership Academy Inc is located in Spanish Fork, UT. The organization was established in 2006. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, American Leadership Academy Inc employed 229 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Leadership Academy Inc 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, American Leadership Academy Inc generated $18.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $15.4m during the year ending 06/2023. While expenses have increased by 1.4% 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 MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC CHARTER SCHOOL THAT SERVES STUDENTS FROM KINDERGARTEN THROUGH TWELFTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Morley Executive Di | Officer | 40 | $144,732 |
Jan Searle Assistant Di | Officer | 40 | $115,472 |
Eric Hogenson Elected Memb | Trustee | 1 | $0 |
Michael C Johnson Cao | OfficerTrustee | 1 | $0 |
Krystin Morley Vice Preside | OfficerTrustee | 1 | $0 |
Katherine Odonell Parent Counc | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Las Gloria's Cleaning Janitorial | 6/29/23 | $279,338 |
Speech Therapy Services Speech Therapy | 6/29/23 | $129,846 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,567,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,734,050 |
| Total Program Service Revenue | $852,988 |
| Investment income | $377,087 |
| 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 | $17,964,125 |
| 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. | $374,347 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,440,426 |
| Pension plan accruals and contributions | $1,335,177 |
| Other employee benefits | $728,042 |
| Payroll taxes | $540,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $462,326 |
| Advertising and promotion | $38,912 |
| Office expenses | $18,724 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $690,363 |
| Travel | $100,856 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,416 |
| Interest | $969,053 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $832,608 |
| Insurance | $51,310 |
| All other expenses | $0 |
| Total functional expenses | $15,429,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,433,415 |
| Savings and temporary cash investments | $17,933,208 |
| Pledges and grants receivable | $318,867 |
| 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 | $0 |
| Net Land, buildings, and equipment | $20,196,679 |
| Investments—publicly traded securities | $2,699,585 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,971,676 |
| Total assets | $45,553,430 |
| Accounts payable and accrued expenses | $795,380 |
| Grants payable | $0 |
| Deferred revenue | $953,955 |
| Tax-exempt bond liabilities | $23,231,621 |
| 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 | $3,271,449 |
| Total liabilities | $28,252,405 |
| Net assets without donor restrictions | $16,347,070 |
| Net assets with donor restrictions | $953,955 |
| 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 | $45,553,430 |