Elizabeth Academy

Nonprofit profile at a glance

EIN
261172983
IRS 990 coverage
2010–2023
Forms available
Form 990 2023
Location
Salt Lake City, UT, USA
Phone
8012814848
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Kindergarten, Preschool, Nursery School, Early Admissions

Official website

Reported finances

Revenue
$7,781,260
Expenses
$8,215,990
Assets
$21,896,937
Liabilities
$1,265,129

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • GAIL WILLIAMSEN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MANDY FUHRIMAN (ASSISTANT HEAD OF SCHOOL - INCLUSION): $114,332 total reported compensation
  • JESSICA RAWLINGS (HEAD OF LOWER SCHOOL): $111,177 total reported compensation
  • VANESSA WILLIAMSEN (DIRECTOR): $17,760 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Elizabeth academy is committed to providing a nationally accredited inclusive montessori education that emphasizes cooperative learning and nourishes young minds and spirits. "we believe that on the child rests the future of humanity; so we must love, value (cont'd on sch o) and respect the children and every child. All children are unique and we will diligently strive to meet them at their individual need, realizing that this benefits the whole. We will focus on all strengths, overcome weakness and imagine possibilities."

What it reported doing in 2023

We are an inclusive private non-profit montessori school with two campuses, elizabeth academy primary school and elizabeth academy secondary school. We offer inclusive montessori programs for children with diverse abilities from infancy through high school. Beginning with our intensive early intervention services, which include in-class therapy services and parent education in the infant, toddler, and early childhood (preschool kindergarten classes) to our elementary, middle, and high school programs. We embrace educational best practices to guide, inspire, and challenge our students. Whether a student is gifted, typical, or in need of extra support, at elizabeth academy every student's needs are met. Approximately 15 to 20% of our students have intellectual disabilities. (cont'd on sch o)our macte credentialed and experienced montessori teachers work collaboratively with special educators and therapists to individualize the learning experience for each child. As a model school for inclusion, we adapt the curriculum as needed, utilizing authentic assessment practices to ensure that each child is appropriately challenged and supported.

Operating model

Revenue model
Earned-program. 68% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 92
  • Accountability: 86
  • Sustainability: 47
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.2%; rating input score 63
  • Program expense ratio: 59.9%; rating input score 60
  • Fundraising efficiency: $709.56 raised per $1 spent on fundraising; rating input score 97; 97th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -5.6%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 2.67; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 70; 70th percentile among comparable filings
  • Officer compensation ratio: 3.1%; rating input score 68; 68th percentile among comparable filings

Growth

  • Program expense growth: 11% per year; rating input score 100; 68th percentile among comparable filings
  • Revenue growth: 7.9% per year; rating input score 100; 60th percentile among comparable filings
  • Asset growth: 10.8% per year; rating input score 100; 61st percentile among comparable filings

Details

  • Where the money goes: 63.2% of revenue deployed · 59.9% of spending went to programs
  • Governance: 13 of 13 board members independent · 6 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $4.9M in reported program spending
  • Leadership: top reported pay $114K · 15 people listed
  • Consistency: 34 of 34 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 13 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Money network: 14 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Operating margin scored 21/100.