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Nonprofiteer
← SUN VALLEY ACADEMY - SOUTH MOUNTAIN INC

Form 990 for tax year 2023

Filed by SUN VALLEY ACADEMY - SOUTH MOUNTAIN INC.

Totals

Total revenue
$7,108,496
Total expenses
$5,852,196
Contributions and grants received
$1,482,610
Grants paid
$0
Program service revenue
$5,597,613
Investment income
$0
Other revenue
$28,273
Total assets, end of year
$1,401,874
Total liabilities, end of year
$145,574
Net assets or fund balances, end of year
$1,256,300
Program services expenses (Part IX)
$4,637,103
Management and general expenses
$1,215,093
Fundraising expenses
$0
Program service expenses (Part III)
$4,637,103

Program services were 79.2% 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.

  • 1d · Related organizations

    $784,261

  • 1f · All other contributions, gifts and grants

    $698,349

  • 2a · Program service revenue: STATE EQUALIZATION

    total $5,017,507 · related or exempt $5,017,507

  • 2b · Program service revenue: CLASSROOM SITE FUNDS

    total $487,827 · related or exempt $487,827

  • 2c · Program service revenue: INSTRUCTIONAL IMPROVEMENT FUN

    total $40,481 · related or exempt $40,481

  • 2d · Program service revenue: FOOD SERVICE

    total $32,182 · related or exempt $32,182

  • 2e · Program service revenue: BEFORE AND AFTERCARE

    total $19,616 · related or exempt $19,616

  • 8a · Fundraising events: gross income

    $16,719

  • 8b · Fundraising events: direct expenses

    $2,866

  • 8c · Net income from fundraising events

    total $13,853

  • 11a · Other revenue: OTHER REVENUE

    total $14,420 · related or exempt $14,420

  • 11e · Other revenue, total

    $14,420

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,592,247 · program services $2,218,419 · management and general $373,828

  • 10 · Payroll taxes

    total $465,814 · program services $398,639 · management and general $67,175

  • 11c · Fees: accounting

    total $32,556 · program services $25,085 · management and general $7,471

  • 11g · Fees: other

    total $203,100 · program services $156,489 · management and general $46,611

  • 12 · Advertising and promotion

    total $7,877 · management and general $7,877

  • 16 · Occupancy

    total $1,412,765 · program services $1,200,851 · management and general $211,914

  • 22 · Depreciation, depletion and amortization

    total $876 · program services $745 · management and general $131

  • 23 · Insurance

    total $5,127 · management and general $5,127

  • 24a · Other expenses: OFFICE & ADMINISTRATION

    total $460,058 · program services $21,347 · management and general $438,711

  • 24b · Other expenses: FOOD SERVICE

    total $252,017 · program services $252,017

  • 24c · Other expenses: UTILITIES

    total $177,067 · program services $150,507 · management and general $26,560

  • 24d · Other expenses: SUPPLIES & INSTRUCTIONAL

    total $125,720 · program services $118,354 · management and general $7,366

  • 24e · All other expenses

    total $116,972 · program services $94,650 · management and general $22,322

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1,157,964

  • 3 · Pledges and grants receivable

    end of year $143,188

  • 9 · Prepaid expenses and deferred charges

    end of year $49,020

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

    $52,578

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

    $876

  • 10c · Land, buildings and equipment, net

    end of year $51,702

  • 17 · Accounts payable and accrued expenses

    end of year $145,574

  • 27 · Net assets without donor restrictions

    end of year $831,121

  • 28 · Net assets with donor restrictions

    end of year $425,179

Mission and programs · 2023

Mission

SUN VALLEY ACADEMY-SOUTH MOUNTAIN HAS MADE A COMMITMENT TO PROVIDE EACH STUDENT WITH A QUALITY EDUCATION THROUGH HIGH STANDARDS AND HIGH ACHIEVEMENT. WE FOSTER A SCHOOL CULTURE IN WHICH TEACHERS, STUDENTS, AND PARENTS ARE ACTIVE PARTICIPANTS. OUR PURSUIT OF ACADEMIC EXCELLENCE IS ENHANCED BY FAMILY PARTNERSHIPS AND THE DEVELOPMENT OF LEADERSHIP SKILLS. THIS DYNAMIC COMBINATION MOTIVATES STUDENTS TO EMBRACE LIFE-LONG LEARNING AND TO BECOME PRODUCTIVE MEMBERS OF OUR COMMUNITY. SUN VALLEY ACADEMY EMPOWERS EVERY STUDENT, EVERY DAY, THROUGH HIGH STANDARDS AND HIGH ACHIEVEMENT.

  • SUN VALLEY ACADEMY - SOUTH MOUNTAIN HAS MADE A COMMITMENT TO PROVIDE EACH STUDENT WITH A QUALITY EDUCATION THROUGH HIGH STANDARDS AND HIGH ACHIEVEMENT. WE FOSTER A SCHOOL CULTURE IN WHICH TEACHERS, STUDENTS, AND PARENTS ARE ACTIVE PARTICIPANTS. OUR PURSUIT OF ACADEMIC EXCELLENCE IS ENHANCED BY FAMILY PARTNERSHIPS AND THE DEVELOPMENT OF LEADERSHIP SKILLS. THIS DYNAMIC COMBINATION MOTIVATES STUDENTS TO EMBRACE LIFE-LONG LEARNING AND TO BECOME PRODUCTIVE MEMBERS OF OUR COMMUNITY. SUN VALLEY ACADEMY EMPOWERS EVERY STUDENT, EVERY DAY, THROUGH HIGH STANDARDS AND HIGH ACHIEVEMENT.

    Expenses $4,637,103 · Revenue $5,597,613

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

Listed in Part VII

  • Tanae Morrison

    EXECUTIVE DI

    Total calculated
    $216,280
    From this org
    $0
    From related orgs
    $181,056
    Other
    $35,224
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $181,056 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $35,224 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $216,280 related

  • Juniper Dery-Chaffin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Leanette Henagan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rachel Johnson

    DIRECTOR

    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. 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

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541359349305439

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