Skip to content
Nonprofiteer
← THE TIMPANOGOS ACADEMY FOUNDATION

Form 990 for tax year 2022

Filed by THE TIMPANOGOS ACADEMY FOUNDATION.

Totals

Total revenue
$4,663,515
Total expenses
$4,388,434
Contributions and grants received
$4,633,105
Grants paid
$0
Program service revenue
$20,439
Investment income
$9,971
Other revenue
$0
Total assets, end of year
$3,619,999
Total liabilities, end of year
$38,003
Net assets or fund balances, end of year
$3,581,996
Program services expenses (Part IX)
$3,677,884
Management and general expenses
$710,550
Fundraising expenses
$0
Program service expenses (Part III)
$3,677,884

Program services were 83.8% 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)

    $4,633,105

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

    total $20,439 · related or exempt $20,439

  • 3 · Investment income

    total $9,971 · excluded $9,971

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $135,872 · program services $135,872

  • 7 · Other salaries and wages

    total $2,484,812 · program services $2,101,791 · management and general $383,021

  • 8 · Pension plan contributions

    total $112,448 · program services $112,448

  • 9 · Other employee benefits

    total $680,833 · program services $496,542 · management and general $184,291

  • 10 · Payroll taxes

    total $189,671 · program services $189,671

  • 11g · Fees: other

    total $205,648 · program services $159,563 · management and general $46,085

  • 13 · Office expenses

    total $9,143 · program services $9,143

  • 14 · Information technology

    total $88,790 · program services $52,581 · management and general $36,209

  • 16 · Occupancy

    total $168,087 · program services $148,559 · management and general $19,528

  • 17 · Travel

    total $6,726 · program services $6,726

  • 19 · Conferences, conventions and meetings

    total $3,640 · program services $3,640

  • 22 · Depreciation, depletion and amortization

    total $118,499 · program services $107,851 · management and general $10,648

  • 23 · Insurance

    total $20,303 · program services $20,303

  • 24a · Other expenses: SUPPLIES AND MATERIALS

    total $86,519 · program services $55,751 · management and general $30,768

  • 24b · Other expenses: TEXTBOOKS & EQUIPMENT

    total $48,495 · program services $48,495

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $26,595 · program services $26,595

  • 24d · Other expenses: DUES & FEES

    total $2,134 · program services $2,134

  • 24e · All other expenses

    total $219 · program services $219

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $603,959 · end of year $682,298

  • 2 · Savings and temporary cash investments

    beginning of year $571,840 · end of year $731,125

  • 3 · Pledges and grants receivable

    beginning of year $10,831 · end of year $10,831

  • 4 · Accounts receivable

    beginning of year $9,419 · end of year $5,090

  • 9 · Prepaid expenses and deferred charges

    beginning of year $47,504 · end of year $62,873

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

    $3,949,564

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

    $1,833,782

  • 10c · Land, buildings and equipment, net

    beginning of year $1,974,445 · end of year $2,115,782

  • 15 · Other assets

    beginning of year $99,876 · end of year $12,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,959 · end of year $38,003

  • 27 · Net assets without donor restrictions

    beginning of year $3,306,915 · end of year $3,581,996

Mission and programs · 2022

Mission

TO ESTABLISH A SCHOOL WHERE EACH STUDENT GAINS THE SCHOLARLY KNOWLEDGE AND SKILLS VITAL TO BECOMING A SELF-MOTIVATED, LIFELONG LEARNER AND TO SUCCEED IN THE RAPIDLY EVOLVING AND COMPLEX WORLD. THIS MISSION WILL BE ACCOMPLISHED BY USING THE ACADEMICALLY RIGOROUS CORE KNOWLEDGE CURRICULUM, IN A CONTEXT OF RESPECT AND SELF-DISCIPLINE ENCOURAGED BY EXTENSIVE PARENT INVOLVEMENT AND LIMITED CLASS SIZES.

  • OPERATE A PUBLIC CHARTER SCHOOL FOR STUDENTS KINDERGARTEN TO SIX GRADE.

    Expenses $3,677,884 · Revenue $20,439

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Errol Porter

    DIRECTOR

    Total calculated
    $172,834
    From this org
    $135,872
    From related orgs
    $0
    Other
    $36,962
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,872
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,560
    Nontaxable benefits
    $30,402
    Filer's total
    $172,834

  • Frank Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Bruce

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Phillip Cardon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Paul Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kim Seager

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Rachel Thacker

    CFO

    Total calculated
    $0
    Hours/week
    2

  • Amy Tressler

    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. 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 · 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
2022
Filed
7 March 2024
IRS schema version
2022v5.0
Source object
202400799349301715

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.