Totals
- Total revenue
- $15,144,667
- Total expenses
- $13,726,477
- Contributions and grants received
- $14,688,539
- Grants paid
- $0
- Program service revenue
- $170,059
- Investment income
- $270,247
- Other revenue
- $15,822
- Total assets, end of year
- $35,947,255
- Total liabilities, end of year
- $32,865,259
- Net assets or fund balances, end of year
- $3,081,996
- Program services expenses (Part IX)
- $11,264,332
- Management and general expenses
- $2,462,145
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $11,264,332
Program services were 82.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$14,682,981
-
1f · All other contributions, gifts and grants
$5,558
-
2a · Program service revenue: SCHOOL SERVICES
total $170,059 · related or exempt $170,059
-
3 · Investment income
total $270,247 · excluded $270,247
-
6a · Gross rents
real property $15,822
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $15,822
-
6d · Net rental income or loss
total $15,822 · excluded $15,822
Functional expenses
Part IX, the statement of functional expenses.
-
11g · Fees: other
total $990,561 · program services $380,017 · management and general $610,544
-
12 · Advertising and promotion
total $49,099 · management and general $49,099
-
17 · Travel
total $50,121 · program services $7,477 · management and general $42,644
-
20 · Interest
total $1,798,853 · program services $1,798,853
-
22 · Depreciation, depletion and amortization
total $832,520 · program services $832,520
-
23 · Insurance
total $20,193 · management and general $20,193
-
24a · Other expenses: LEASED EMPLOYEE WAGES
total $5,797,392 · program services $4,798,332 · management and general $999,060
-
24b · Other expenses: LEASED EMPLOYEE BENEFIT
total $1,776,871 · program services $1,515,355 · management and general $261,516
-
24c · Other expenses: SCHOOL LUNCH
total $1,120,221 · program services $1,120,221
-
24d · Other expenses: TECHNOLOGY HARDWARE AND
total $399,567 · program services $27,029 · management and general $372,538
-
24e · All other expenses
total $891,079 · program services $784,528 · management and general $106,551
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,247,672 · end of year $3,613,222
-
3 · Pledges and grants receivable
beginning of year $1,171,986 · end of year $997,924
-
4 · Accounts receivable
beginning of year $10,185 · end of year $10,278
-
10a · Land, buildings and equipment: cost or other basis
$28,690,425
-
10b · Land, buildings and equipment: accumulated depreciation
$1,382,568
-
10c · Land, buildings and equipment, net
beginning of year $25,670,198 · end of year $27,307,857
-
11 · Investments: publicly traded securities
beginning of year $20,044,941 · end of year $4,017,974
-
17 · Accounts payable and accrued expenses
beginning of year $837,186 · end of year $940,362
-
20 · Tax-exempt bond liabilities
beginning of year $32,196,901 · end of year $31,762,852
-
24 · Unsecured notes and loans payable
beginning of year $237,463 · end of year $162,045
-
25 · Other liabilities
beginning of year $14,209,626 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year -$18,806,365 · end of year -$1,468,558
-
28 · Net assets with donor restrictions
beginning of year $20,470,171 · end of year $4,550,554
Mission and programs · 2022
Mission
WALLACE STEGNER ACADEMY IS A RIGOROUS COLLEGE PREPARATORY CHARTER SCHOOL DESIGNED TO PREPARE STUDENTS FOR THEIR FUTURE CAREERS AS HIGH SCHOOL STUDENTS, UNIVERSITY STUDENTS, AND BEYOND.
Activities or mission (Part I)
THE EDUCATION OF STUDENTS GRADES K-8.
-
WALLACE STEGNER ACADEMY WILL FOSTER A COMMUNITY OF ACADEMIC RIGOR AND CITIZENSHIP THROUGH ITS SCHOOL-WIDE CULTURE, AND CIVIC-BASED COMMUNITY INVOLVEMENT. OUR VISION IS TO CREATE A SCHOOL THAT WILL PROVIDE A CRITICAL AND RELIABLE ALTERNATIVE TO MAINSTREAM EDUCATION, ESPECIALLY FOR ENGLISH LEARNERS AND STUDENTS WHO STRUGGLE IN A TYPICAL CLASSROOM ENVIRONMENT. THE MAJORITY OF THE SCHOOL'S STUDENT POPULATION WILL READ AT GRADE LEVEL, DEPLOY ACADEMIC LANGUGE PROFICIENTLY, AND DEMONSTRATE DEVELOPMENTALLY PROFICIENT SKILLS IN WRITING AND MATHEMATICS.
Expenses $11,264,332 · Revenue $170,059
As filed on the 2022 return.
Listed in Part VII
-
Sarah VaughanSARAH VAUGHAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Jeremy SchowJEREMY SCHOW
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Frank MaganaFRANK MAGANA
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Reed FarnsworthREED FARNSWORTH
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Antonio FuranoANTONIO FURANO
MEMBER
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 23 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441219349301024
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