RONALD WILSON REAGAN ACADEMY: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
RONALD WILSON REAGAN ACADEMY (EIN 56-2533763)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-03-13
IRS object ID
202400739349300910
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-03-13T09:35:10-04:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN870343246PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SQUIRE & COMPANY PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11329 SOUTH 800 EASTAddressLine1Txt
CityOREMCityNm
State AbbreviationUTStateAbbreviationCd
ZIP840977737ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN562533763EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RONALD WILSON REAGAN ACADEMYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRONABusinessNameControlTxt
Phone8014897828PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11143 WEST CENTERAddressLine1Txt
CitySPRINGVILLECityNm
State AbbreviationUTStateAbbreviationCd
ZIP84663ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJUSTIN RIGGSPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone8014897828PhoneNum
Signature2024-03-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJUSTINPersonFirstNm
Person LastRIGGSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonM PAUL WINWARD CPAPreparerPersonNm
PTINP00290039PTIN
Phone8012256900PhoneNum
Preparation2024-03-13PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJUSTIN RIGGSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11143 WEST CENTERAddressLine1Txt
CitySPRINGVILLECityNm
State AbbreviationUTStateAbbreviationCd
ZIP84663ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$7,381,641GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.REAGANACADEMY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2004FormationYr
Legal Domicile StateUTLegalDomicileStateCd
Activity Or MissionTO MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee141TotalEmployeeCnt
Total Volunteers224TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$6,331,516PYContributionsGrantsAmt
CY Contributions Grants$7,033,382CYContributionsGrantsAmt
PY Program Service Revenue$81,176PYProgramServiceRevenueAmt
CY Program Service Revenue$231,872CYProgramServiceRevenueAmt
PY Investment Income$16,853PYInvestmentIncomeAmt
CY Investment Income$44,193CYInvestmentIncomeAmt
PY Other Revenue$62,983PYOtherRevenueAmt
CY Other Revenue$72,194CYOtherRevenueAmt
PY Total Revenue$6,492,528PYTotalRevenueAmt
CY Total Revenue$7,381,641CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$4,253,220PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$4,573,165CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,912,914PYOtherExpensesAmt
CY Other Expenses$2,078,647CYOtherExpensesAmt
PY Total Expenses$6,166,134PYTotalExpensesAmt
CY Total Expenses$6,651,812CYTotalExpensesAmt
PY Revenues Less Expenses$326,394PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$729,829CYRevenuesLessExpensesAmt
Total Assets BOY$11,742,145TotalAssetsBOYAmt
Total Assets EOY$12,175,273TotalAssetsEOYAmt
Total Liabilities BOY$11,994,395TotalLiabilitiesBOYAmt
Total Liabilities EOY$11,697,694TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$252,250NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$477,579NetAssetsOrFundBalancesEOYAmt
MissionTO MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$5,016,371ExpenseAmt
Revenue$112,449RevenueAmt
DescOPERATION OF ONE PUBLIC CHARTER SCHOOL FOR STUDENTS FROM KINDERGARTEN THROUGH EIGHTH GRADE.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$704,937ExpenseAmt
Revenue$119,423RevenueAmt
DescOPERATION OF A FOOD SERVICE PROGRAM TO BENEFIT STUDENTS AND FACULTY.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$5,721,308TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document12IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee141EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonLAUNA NELSONPersonNm
Phone8014897828PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11143 WEST CENTERAddressLine1Txt
CitySPRINGVILLECityNm
State AbbreviationUTStateAbbreviationCd
ZIP84663ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
JOSEPH MILLWARD
BOARD MEMBER1.00Yes (X)$0$0$0
JENNI THEOBALD
BOARD MEMBER1.00Yes (X)$0$0$0
DAVID MICKELSON
BOARD MEMBER1.00Yes (X)$0$0$0
EMILY SHAW
BOARD MEMBER1.00Yes (X)$0$0$0
APRIL GALLIER
BOARD MEMBER1.00Yes (X)$0$0$0
JUSTIN RIGGS
DIRECTOR40.00$212,707$0$33,780Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$212,707TotalReportableCompFromOrgAmt
Total Other Compensation$33,780TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$7,009,829GovernmentGrantsAmt
All Other Contributions$23,553AllOtherContributionsAmt
Total Contributions$7,033,382TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
FOOD SALES$119,423$119,423
STUDENT FEES AND ACTIVITIES$112,449$112,449
FieldValueIRS element (for citing)
Total Program Service Revenue$231,872TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$44,193TotalRevenueColumnAmt
Exclusion$44,193ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$860RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$860RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$860TotalRevenueColumnAmt
Exclusion$860ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER REVENUEDesc
Total Revenue Column$71,334TotalRevenueColumnAmt
Related Or Exempt Func Income$71,334RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$71,334OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,381,641TotalRevenueColumnAmt
Related Or Exempt Func Income$303,206RelatedOrExemptFuncIncomeAmt
Exclusion$45,053ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$212,707TotalAmt
Program Services$212,707ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$3,179,285TotalAmt
Program Services$2,619,857ProgramServicesAmt
Management And General$559,428ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$181,727TotalAmt
Program Services$181,727ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$742,081TotalAmt
Program Services$607,457ProgramServicesAmt
Management And General$134,624ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$257,365TotalAmt
Program Services$257,365ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$384,304TotalAmt
Program Services$336,127ProgramServicesAmt
Management And General$48,177ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$18,125TotalAmt
Program Services$18,125ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$78,293TotalAmt
Program Services$29,637ProgramServicesAmt
Management And General$48,656ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$144,473TotalAmt
Program Services$122,844ProgramServicesAmt
Management And General$21,629ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$120,341TotalAmt
Program Services$120,341ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$511,305TotalAmt
Program Services$437,771ProgramServicesAmt
Management And General$73,534ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$328,369TotalAmt
Program Services$310,062ProgramServicesAmt
Management And General$18,307ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$22,947TotalAmt
Program Services$22,947ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
SUPPLIES AND MATERIALS$203,276$177,127$26,149
FOOD$178,221$178,221
TEXTBOOKS & EQUIPMENT$66,507$66,507
DUES & FEES$11,931$11,931

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$10,555TotalAmt
Program Services$10,555ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$6,651,812TotalAmt
Program Services$5,721,308ProgramServicesAmt
Management And General$930,504ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,554,954BOYAmt
EOY$1,976,491EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$237,216BOYAmt
EOY$240,764EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$47,784BOYAmt
EOY$28,426EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$12,567,971LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,923,046LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$8,613,841BOYAmt
EOY$8,644,925EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,277,699BOYAmt
EOY$1,284,667EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$10,651BOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$11,742,145BOYAmt
EOY$12,175,273EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$432,878BOYAmt
EOY$387,949EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,251BOYAmt
EOY$48,609EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$10,975,000BOYAmt
EOY$10,715,000EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$81,590BOYAmt
EOY$63,444EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$503,676BOYAmt
EOY$482,692EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$11,994,395BOYAmt
EOY$11,697,694EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$252,250BOYAmt
EOY$477,579EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$252,250BOYAmt
EOY$477,579EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,742,145BOYAmt
EOY$12,175,273EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$729,829ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,135,300OtherCostOrOtherBasisAmt
Book Value$1,135,300BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$10,971,622OtherCostOrOtherBasisAmt
Depreciation$3,708,243DepreciationAmt
Book Value$7,263,379BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$461,049OtherCostOrOtherBasisAmt
Depreciation$214,803DepreciationAmt
Book Value$246,246BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$8,644,925TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescBOND PREMIUM, NET OF AMORTIZATIONDesc
Amt$482,692Amt
FieldValueIRS element (for citing)
Total Liability$482,692TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$7,381,641TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$7,381,641RevenueSubtotalAmt
Total Revenue Per Form990$7,381,641TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$6,651,812TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$6,651,812ExpensesSubtotalAmt
Total Expenses Per Form990$6,651,812TotalExpensesPerForm990Amt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediafalsePlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, LINE 3THIS SCHOOL IS EXCUSED FROM FORMAL COMPLIANCE WITH REV. PROC. 75-50 AS LONG AS THE SCHOOL'S CHARTER AGREEMENT WITH THE STATE OF UTAH REMAINS IN EFFECT.
SCHEDULE E, LINE 6THE SCHOOL RECEIVES STATE AND FEDERAL GRANTS TO OPERATE.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonJUSTIN RIGGSPersonNm
TitleDIRECTORTitleTxt
Base Compensation Filing Org$212,707BaseCompensationFilingOrgAmt
Deferred Compensation Flng Org$11,250DeferredCompensationFlngOrgAmt
Nontaxable Benefits Filing Org$22,530NontaxableBenefitsFilingOrgAmt
Total Compensation Filing Org$246,487TotalCompensationFilingOrgAmt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1UTAH CHARTER SCHOOL FINANCE AUTHORIBusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN261275269BondIssuerEIN
CUSIP91754TPX5CUSIPNum
Bond Issued2016-09-13BondIssuedDt
Issue Price$12,889,598IssuePriceAmt
PurposeTO REFUND 2007 BOND AND FOR ADDITION TO THE BUILDINGPurposeDesc
DefeasedfalseDefeasedInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Pool FinancingfalsePoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$10,539,029RetiredAmt
Total Proceeds$12,889,598TotalProceedsAmt
Issuance Costs From Proceeds$255,210IssuanceCostsFromProceedsAmt
Capital Expenditures$2,095,359CapitalExpendituresAmt
Substantial Completion2017SubstantialCompletionYr
Refunding Tax Exempt BondsYes (true)RefundingTaxExemptBondsInd
Refunding Taxable BondsfalseRefundingTaxableBondsInd
Final Allocation MadeYes (true)FinalAllocationMadeInd
Adequate Books And Rec MaintYes (true)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed PropertyfalseOwningBondFinancedPropertyInd
Any Lease ArrangementsfalseAnyLeaseArrangementsInd
Mgmt Contract Bond Fincd PropfalseMgmtContractBondFincdPropInd
Any Research AgreementsfalseAnyResearchAgreementsInd
Bond Iss Meet Prvt Sec Pymt TestfalseBondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed PropfalseChangeInUseBondFinancedPropInd
Procs Nonqualified Bond RemdtdfalseProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T FiledfalseForm8038TFiledInd
Rebate Not Due YetfalseRebateNotDueYetInd
Exception To RebatefalseExceptionToRebateInd
No Rebate DueYes (true)NoRebateDueInd
Variable Rate IssuefalseVariableRateIssueInd
Hedge Identified In Bks And RecfalseHedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GICfalseGrossProceedsInvestedInGICInd
Gross Proceeds InvestedfalseGrossProceedsInvestedInd
Written Proc To Monitor ReqsYes (true)WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective ActionfalseProceduresCorrectiveActionInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PURPOSE OF ISSUE DESCRIPTIONUTAH CHARTER SCHOOL FINANCE AUTHORIT TO REFUND 2007 BOND AND FOR ADDITION TO THE BUILDING
DATE REBATE COMPUTATION PERFORMEDUTAH CHARTER SCHOOL FINANCE AUTHORIT 10/13/21

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 11BFORM 990 IS SUBMITTED TO THE BOARD AT THE MONTHLY BOARD MEETING BY THE DIRECTOR.
FORM 990, PAGE 6, PART VI, LINE 12CCOMPLIANCE MONITORED BY BOARD ANNUALLY.
FORM 990, PAGE 6, PART VI, LINE 15AALL COMPENSATION IS REVIEWED ANNUALLY AND VOTED ON BY THE BOARD IN AN OPEN MEETING. CHANGES DURING THE YEAR MUST BE MADE USING A PERSONNEL ACTION FORM WHICH REQUIRES THE SIGNATURE OF THE BOARD PRESIDENT FOR THE DIRECTOR'S COMPENSATION AND THE DIRECTOR'S SIGNATURE FOR OTHER KEY EMPLOYEES.
FORM 990, PAGE 6, PART VI, LINE 15BALL COMPENSATION IS REVIEWED ANNUALLY AND VOTED ON BY THE BOARD IN AN OPEN MEETING. CHANGES DURING THE YEAR MUST BE MADE USING A PERSONNEL ACTION FORM WHICH REQUIRES THE SIGNATURE OF THE BOARD PRESIDENT FOR THE DIRECTOR'S COMPENSATION AND THE DIRECTOR'S SIGNATURE FOR OTHER KEY EMPLOYEES.
FORM 990, PAGE 6, PART VI, LINE 19SUCH DOCUMENTS ARE AVAILABLE UPON REQUEST JUST AS FORMS 990.

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