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← DAVINCI ACADEMY OF SCIENCE AND THE ARTS

Form 990 for tax year 2023

Filed by DAVINCI ACADEMY OF SCIENCE AND THE ARTS.

Totals

Total revenue
$14,852,759
Total expenses
$13,268,909
Contributions and grants received
$14,233,398
Grants paid
$0
Program service revenue
$388,663
Investment income
$230,698
Other revenue
$0
Total assets, end of year
$20,575,572
Total liabilities, end of year
$14,244,043
Net assets or fund balances, end of year
$6,331,529
Program services expenses (Part IX)
$11,811,494
Management and general expenses
$1,457,415
Fundraising expenses
$0
Program service expenses (Part III)
$11,811,494

Program services were 89.0% 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)

    $14,228,152

  • 1f · All other contributions, gifts and grants

    $5,246

  • 2a · Program service revenue: STUDENT FEES AND ACTIVITIES

    total $388,663 · related or exempt $388,663

  • 3 · Investment income

    total $225,108 · excluded $225,108

  • 7a · Gross sales of assets other than inventory

    other assets $5,590

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $5,590

  • 7d · Net gain or loss

    total $5,590 · excluded $5,590

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $180,271 · program services $180,271

  • 7 · Other salaries and wages

    total $7,796,860 · program services $6,920,696 · management and general $876,164

  • 8 · Pension plan contributions

    total $217,741 · program services $217,741

  • 9 · Other employee benefits

    total $1,182,644 · program services $968,128 · management and general $214,516

  • 10 · Payroll taxes

    total $576,578 · program services $503,583 · management and general $72,995

  • 11a · Fees: management

    total $82,608 · management and general $82,608

  • 11b · Fees: legal

    total $5,665 · management and general $5,665

  • 11c · Fees: accounting

    total $40,950 · management and general $40,950

  • 11g · Fees: other

    total $361,814 · program services $361,814

  • 12 · Advertising and promotion

    total $8,331 · program services $8,331

  • 13 · Office expenses

    total $37,385 · program services $37,385

  • 14 · Information technology

    total $258,201 · program services $94,434 · management and general $163,767

  • 20 · Interest

    total $446,964 · program services $446,964

  • 22 · Depreciation, depletion and amortization

    total $599,903 · program services $599,903

  • 23 · Insurance

    total $58,494 · program services $57,744 · management and general $750

  • 24a · Other expenses: CURRICULUM AND SUPPLIES

    total $927,167 · program services $927,167

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $252,997 · program services $252,997

  • 24c · Other expenses: UTILITIES

    total $156,836 · program services $156,836

  • 24d · Other expenses: RENTS AND LEASES

    total $25,007 · program services $25,007

  • 24e · All other expenses

    total $52,493 · program services $52,493

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,375,263 · end of year $2,363,271

  • 3 · Pledges and grants receivable

    beginning of year $1,508,530 · end of year $1,717,269

  • 4 · Accounts receivable

    beginning of year $8,340 · end of year $32,613

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,282 · end of year $43,293

  • 10a · Land, buildings and equipment: cost or other basis

    $15,931,020

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,486,669

  • 10c · Land, buildings and equipment, net

    beginning of year $11,606,357 · end of year $11,444,351

  • 11 · Investments: publicly traded securities

    end of year $4,381,738

  • 15 · Other assets

    beginning of year $427,473 · end of year $593,037

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,369,151 · end of year $1,382,848

  • 19 · Deferred revenue

    beginning of year $19,644

  • 20 · Tax-exempt bond liabilities

    beginning of year $11,740,000 · end of year $12,052,737

  • 23 · Secured mortgages and notes payable

    beginning of year $443,975 · end of year $205,644

  • 24 · Unsecured notes and loans payable

    beginning of year $274,595

  • 25 · Other liabilities

    beginning of year $351,201 · end of year $602,814

  • 27 · Net assets without donor restrictions

    beginning of year $3,561,916 · end of year $5,115,541

  • 28 · Net assets with donor restrictions

    beginning of year $1,185,763 · end of year $1,215,988

Mission and programs · 2023

Mission

THE DAVINCI ACADEMY OF SCIENCE AND THE ARTS IS DEDICATED TO DEVELOPING COMPETENT, INVENTIVE, ETHICAL, AND DIVERGENT THINKERS WHO ARE ABLE TO APPLY THEIR KNOWLEDGE, SKILLS, LEADERSHIP, AND PROBLEM-SOLVING ABILITIES TO BECOME PRODUCTIVE CITIZENS OF THE DYNAMIC WORLD. WE OFFER PROGRAMS TO PROMOTE ENTHUSIASM, EXPLORATION AND ACADEMIC EXCELLENCE IN AN INTERDISCIPLINARY CURRICULUM THAT INVOLVES REAL-WORLD EXPERIENCE AND APPLICATION.

Activities or mission (Part I)

PUBLIC CHARTER SCHOOL EDUCATING UTAH CHILDREN

  • OPERATION OF A PUBLIC CHARTER SCHOOL SERVING STUDENTS FROM KINDERGARTEN THROUGH TWELFTH GRADE.

    Expenses $11,811,494 · Revenue $388,663

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sarah Steimel

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Thomas Gooch

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Alex Crowley

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rachel Pust

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Juston Rindlesbach

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sally Shigley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Charlie Ewert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Fred Donaldson

    EXECUTIVE DIRECTOR

    Total calculated
    $174,526
    From this org
    $163,604
    From related orgs
    $0
    Other
    $10,922
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $155,266
    Bonus
    $8,338
    Other
    $0
    Deferred
    $8,269
    Nontaxable benefits
    $2,653
    Filer's total
    $174,526

  • Simon Post

    SECONDARY SCHOOL PRINCIPAL

    Total calculated
    $124,559
    From this org
    $118,473
    From related orgs
    $0
    Other
    $6,086
    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

  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD REVIEWS AND ADJUSTS THE EXECUTIVE DIRECTORS COMPENSATION ON AN ANNUAL BASIS.
PART I, LINE 7
THE SCHOOL ANNUALLY REVIEWS THE PERFORMANCES OF THE EXECUTIVE STAFF AND OTHER STAFF TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES WILL BE PAID. BONUSES ARE AWARDED BASED ON REVIEW OF EACH INDIVIDUAL'S PERFORMANCE AND SERVICES TO THE SCHOOL.

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
6 March 2025
IRS schema version
2023v6.0
Source object
202510669349301401

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