Totals
- Total revenue
- $33,676,412
- Total expenses
- $33,396,408
- Contributions and grants received
- $32,709,666
- Grants paid
- $0
- Program service revenue
- $569,789
- Investment income
- $325,548
- Other revenue
- $71,409
- Total assets, end of year
- $86,929,368
- Total liabilities, end of year
- $88,937,771
- Net assets or fund balances, end of year
- -$2,008,403
- Program services expenses (Part IX)
- $27,580,421
- Management and general expenses
- $5,815,987
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $27,580,421
Program services were 82.6% 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.
-
1e · Government grants (contributions)
$32,649,386
-
1f · All other contributions, gifts and grants
$60,280
-
2a · Program service revenue: SCHOOL SERVICES
total $569,789 · related or exempt $569,789
-
3 · Investment income
total $325,548 · excluded $325,548
-
6a · Gross rents
real property $71,409
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $71,409
-
6d · Net rental income or loss
total $71,409 · excluded $71,409
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $947,042 · program services $102,858 · management and general $844,184
-
11b · Fees: legal
total $745 · management and general $745
-
11c · Fees: accounting
total $1,800 · management and general $1,800
-
11g · Fees: other
total $1,527,362 · program services $1,385,185 · management and general $142,177
-
12 · Advertising and promotion
total $49,203 · management and general $49,203
-
14 · Information technology
total $239,895 · program services $222,193 · management and general $17,702
-
16 · Occupancy
total $1,160,691 · program services $1,143,166 · management and general $17,525
-
17 · Travel
total $165,457 · program services $147,311 · management and general $18,146
-
20 · Interest
total $3,461,646 · program services $3,461,646
-
22 · Depreciation, depletion and amortization
total $2,769,219 · program services $2,082,894 · management and general $686,325
-
23 · Insurance
total $244,629 · management and general $244,629
-
24a · Other expenses: LEASED EMPLOYEE WAGES
total $15,401,638 · program services $13,724,054 · management and general $1,677,584
-
24b · Other expenses: LEASED EMPLOYEE BENEFIT
total $4,758,600 · program services $4,270,044 · management and general $488,556
-
24c · Other expenses: SCHOOL FOOD SERVICE
total $1,475,355 · management and general $1,475,355
-
24d · Other expenses: SUPPLIES & MATERIAL
total $618,748 · program services $507,332 · management and general $111,416
-
24e · All other expenses
total $574,378 · program services $533,738 · management and general $40,640
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,651,468 · end of year $5,786,848
-
3 · Pledges and grants receivable
beginning of year $717,626 · end of year $531,348
-
4 · Accounts receivable
beginning of year $17,416 · end of year $14,199
-
9 · Prepaid expenses and deferred charges
beginning of year $104,119 · end of year $72,699
-
10a · Land, buildings and equipment: cost or other basis
$75,092,886
-
10b · Land, buildings and equipment: accumulated depreciation
$8,201,382
-
10c · Land, buildings and equipment, net
beginning of year $56,305,566 · end of year $66,891,504
-
11 · Investments: publicly traded securities
beginning of year $3,663,907 · end of year $13,632,770
-
17 · Accounts payable and accrued expenses
beginning of year $2,515,659 · end of year $2,379,418
-
20 · Tax-exempt bond liabilities
beginning of year $50,026,977 · end of year $86,403,465
-
23 · Secured mortgages and notes payable
beginning of year $15,199,279 · end of year $154,888
-
24 · Unsecured notes and loans payable
beginning of year $6,594
-
27 · Net assets without donor restrictions
beginning of year -$7,168,184 · end of year -$15,663,703
-
28 · Net assets with donor restrictions
beginning of year $4,879,777 · end of year $13,655,300
Mission and programs · 2023
Mission
ASCENT ACADEMIES OF UTAH'S SCHOOLS UTILIZE THE SCHOOLWIDE ENRICHMENT MODEL TO BUILD A STRONG EDUCATIONAL FOUNDATION AND TO PROVIDE AN ENRICHING, INDIVIDUALIZED AND VARIED EDUCATIONAL EXPERIENCE TO ALL STUDENTS.
Activities or mission (Part I)
THE EDUCATION OF STUDENTS FROM GRADES K-9.
-
ASCENT ACADEMIES OF UTAH WILL ACCOMPLISH ITS MISSION BY OFFERING EACH STUDENT AN OPPORTUNITY TO FIND AND DEVELOP HIS OR HER OWN UNIQUE PROFILE OF GIFTS AND TALENTS AND BY PROVIDING ALL EMPLOYEES WITH EXCEPTIONAL DEVELOPMENT OPPORTUNITIES THROUGH PROFESSIONAL LEARNING COMMUNITIES, NETWORKING, AND PARTNERSHIPS.
Expenses $27,580,421 · Revenue $569,789
As filed on the 2023 return.
Listed in Part VII
-
Mike OstermillerMIKE OSTERMILLER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Stuart AdamsSTUART ADAMS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Tyler SchvaneveldtTYLER SCHVANEVELDT
FINANCIAL COORD.
- Total calculated
- $0
- Hours/week
- 2
-
James HortonJAMES HORTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mike GreenhalghMIKE GREENHALGH
BOARD 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
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541349349305484
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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