Totals
- Total revenue
- $14,816,131
- Total expenses
- $16,569,479
- Contributions and grants received
- $1,094,779
- Grants paid
- $2,991,831
- Program service revenue
- $13,230,993
- Investment income
- $490,359
- Other revenue
- $0
- Total assets, end of year
- $44,192,456
- Total liabilities, end of year
- $6,823,276
- Net assets or fund balances, end of year
- $37,369,180
- Program services expenses (Part IX)
- $13,851,103
- Management and general expenses
- $2,550,738
- Fundraising expenses
- $167,638
- Program service expenses (Part III)
- $13,851,103
Program services were 83.6% 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.
-
1f · All other contributions, gifts and grants
$1,094,779
-
1g · Noncash contributions included above
$329,352
-
2a · Program service revenue: TUITION AND FEES
total $11,025,847 · related or exempt $11,025,847
-
2b · Program service revenue: DUAL DIPLOMA PROGRAM SERVICES
total $1,908,153 · related or exempt $1,908,153
-
2c · Program service revenue: AUXILIARY ACTIVITIES
total $296,993 · related or exempt $296,993
-
3 · Investment income
total $311,016 · excluded $311,016
-
7a · Gross sales of assets other than inventory
other assets $277,372
-
7b · Less cost or other basis and sales expenses
other assets $98,029
-
7c · Gain or loss
other assets $179,343
-
7d · Net gain or loss
total $179,343 · excluded $179,343
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $2,991,831 · program services $2,991,831
-
5 · Compensation of officers, directors and key employees
total $1,066,446 · program services $390,042 · management and general $676,404
-
7 · Other salaries and wages
total $4,977,805 · program services $4,389,378 · management and general $502,024 · fundraising $86,403
-
8 · Pension plan contributions
total $210,023 · program services $175,436 · management and general $28,187 · fundraising $6,400
-
9 · Other employee benefits
total $956,026 · program services $761,440 · management and general $180,745 · fundraising $13,841
-
10 · Payroll taxes
total $438,467 · program services $349,223 · management and general $82,896 · fundraising $6,348
-
11b · Fees: legal
total $45,521 · management and general $45,521
-
11c · Fees: accounting
total $123,607 · management and general $123,607
-
11g · Fees: other
total $662,594 · program services $306,543 · management and general $356,051
-
12 · Advertising and promotion
total $234,149 · program services $7,518 · management and general $203,993 · fundraising $22,638
-
13 · Office expenses
total $26,980 · program services $13,554 · management and general $6,194 · fundraising $7,232
-
14 · Information technology
total $218,459 · program services $207,815 · management and general $10,644
-
16 · Occupancy
total $1,030,517 · program services $984,251 · management and general $46,266
-
17 · Travel
total $282,198 · program services $149,172 · management and general $120,723 · fundraising $12,303
-
19 · Conferences, conventions and meetings
total $89,410 · program services $46,759 · management and general $42,651
-
22 · Depreciation, depletion and amortization
total $1,384,033 · program services $1,321,752 · management and general $62,281
-
23 · Insurance
total $206,618 · program services $197,320 · management and general $9,298
-
24a · Other expenses: EDUCATIONAL PROGRAM EXP
total $1,481,397 · program services $1,463,188 · management and general $5,736 · fundraising $12,473
-
24b · Other expenses: OTHER EXPENSES
total $143,398 · program services $95,881 · management and general $47,517 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,324,982 · end of year $270,852
-
2 · Savings and temporary cash investments
beginning of year $132,761 · end of year $1,122,360
-
3 · Pledges and grants receivable
beginning of year $754,099 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $185,178
-
10a · Land, buildings and equipment: cost or other basis
$44,447,016
-
10b · Land, buildings and equipment: accumulated depreciation
$20,758,607
-
10c · Land, buildings and equipment, net
beginning of year $24,619,972 · end of year $23,688,409
-
11 · Investments: publicly traded securities
beginning of year $17,919,898 · end of year $18,439,069
-
12 · Investments: other securities
beginning of year $13,400 · end of year $13,400
-
15 · Other assets
beginning of year $422,738 · end of year $473,188
-
17 · Accounts payable and accrued expenses
beginning of year $91,498 · end of year $241,512
-
19 · Deferred revenue
beginning of year $4,865,317 · end of year $3,929,096
-
23 · Secured mortgages and notes payable
beginning of year $2,397,047 · end of year $2,297,670
-
25 · Other liabilities
beginning of year $360,397 · end of year $354,998
-
27 · Net assets without donor restrictions
beginning of year $28,607,977 · end of year $27,522,997
-
28 · Net assets with donor restrictions
beginning of year $8,865,614 · end of year $9,846,183
Mission and programs · 2023
Mission
WASATCH ACADEMY IS A NURTURING COMMUNITY EMPOWERING YOUNG PEOPLE TO DEVELOP ACADEMICALLY, SOCIALLY, EMOTIONALLY, PHYSICALLY, AND ETHICALLY, BY PREPARING THEM FOR THE OPPORTUNITY OF COLLEGE, WORK, AND A LIFETIME OF LEARNING AND CONTRIBUTING TO OUR GLOBAL SOCIETY.
-
STUDENT EDUCATION FOR APPROXIMATELY 220 STUDENTS IN A PRIVATE PREPARATORY HIGH SCHOOL
Expenses $13,851,103 · Grants $2,991,831 · Revenue $13,230,993
As filed on the 2023 return.
Listed in Part VII
-
BILL BEDFORD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
JOE PORTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
BLAKE REEMTSMA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
TOM PETERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
HADYN DAUGS
MEMBER AT LARGE
- Total calculated
- $0
- Hours/week
- 0
-
JERRY HU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
RICK DIVAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
TANA JAMBALDORJ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
LONNIE ELLIS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
ALEXA STANGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
GREGG GALECKI
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
MICHAEL MURPHY
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
ROBERT KIMSEY
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
ANNE-EVAN WILLIAMS
HEAD OF SCHOOL
- Total calculated
- $324,000
- From this org
- $300,000
- From related orgs
- $0
- Other
- $24,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $300,000
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $24,000
- Filer's total
- $324,000
-
PAUL APPLEGARTH
CFO
- Total calculated
- $217,944
- From this org
- $201,800
- From related orgs
- $0
- Other
- $16,144
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $201,800
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $16,144
- Filer's total
- $217,944
-
GRAHAM JESSEE
ASSISTANT HEAD OF SCHOOL FOR GLOBAL INITIATIVES
- Total calculated
- $140,400
- From this org
- $130,000
- From related orgs
- $0
- Other
- $10,400
- Hours/week
- 40
-
TYLER KENNEDY
ASSISTANT HEAD OF SCHOOL FOR STUDENT LIFE
- Total calculated
- $141,912
- From this org
- $131,400
- From related orgs
- $0
- Other
- $10,512
- Hours/week
- 40
-
KERRY BEDELL
ASSISTANT HEAD OF SCHOOL FOR INSTITUTIONAL ADVANCE
- Total calculated
- $134,460
- From this org
- $124,500
- From related orgs
- $0
- Other
- $9,960
- Hours/week
- 40
-
JONELLE LARSEN
ASSISTANT HEAD OF SCHOOL FOR ACADEMIC PROGRAMS
- Total calculated
- $107,730
- From this org
- $102,600
- From related orgs
- $0
- Other
- $5,130
- Hours/week
- 40
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521159349302257
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