Nonprofit · EIN 47-4495796
OTHER SIDE ACADEMY
Tax-exempt · SALT LAKE CTY, UT 84102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $30,803,350 | $16,323,090 | $14,480,260 | $58,276,489 | $11,639,442 | $46,637,047 |
| December 31, 2023 | 990 | $21,935,480 | $14,225,913 | $7,709,567 | $46,977,760 | $14,820,973 | $32,156,787 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $18,418,761
- of which government grants
- $5,095,464
- Program service revenue
- $8,274,584
- Investment income
- $121,320
- Net rental income
- $108,308
- Net income from sales of inventory
- $3,835,848
- Other revenue
- $3,988,685
Expenses
- Grants and similar amounts paid
- $38,256
- Compensation of officers, directors and key employees
- $554,257
- Other salaries and wages
- $2,650,778
- Salaries, compensation and benefits (total)
- $4,694,462
- Professional fundraising fees
- $72,000
- Legal fees
- $42,909
- Accounting fees
- $46,946
- Occupancy
- $2,394,278
- Travel
- $598,413
- Depreciation
- $1,289,867
- Program services (functional)
- $14,878,244
- Management and general (functional)
- $1,151,261
- Fundraising (functional)
- $293,585
Balance sheet and other
- Total assets, start of year
- $46,977,760
- Total assets, end of year
- $58,276,489
- Total liabilities, end of year
- $11,639,442
- Net assets, end of year
- $46,637,047
- Land, buildings and equipment
- $41,455,380
- Net assets without donor restrictions
- $46,637,047
- Gross receipts
- $31,076,022
- Employees
- 63
- Volunteers
- 20
- Year formed
- 2015
- State of legal domicile
- UT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Tim Stay | CEO Trustee or director, Officer | 40 | $220,000 | $59,736 |
| David Durocher | Executive Director Officer | 40 | $173,333 | $41,094 |
| Preston Cochrane | Village CEO Officer | 40 | $160,924 | $41,164 |
| Joseph Grenny | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Ted Broman | Member Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Tim Stay | CEO Trustee or director, Officer | 40 | $212,200 | $63,735 |
| David Durocher | Executive Director Key employee | 40 | $163,333 | $38,115 |
| Joseph Grenny | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Ted Broman | Member Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 661 E 100 S, SALT LAKE CTY, UT 84102-1103
- In care of
- % TIMOTHY STAY
- Principal officer (990 for 2024)
- Tim Stay, 667 E 100 S, Salt Lake City, UT 84102
- Signed the 990
- Tim Stay, CEO
- Phone
- (801) 613-8370
- Website
- www.theothersideacademy.com
- Return prepared by
- Squire & Company PC
Mission
The operation of schools where students learn vocational, pro-social,and life skills so they can succeed on "the other side". Students are men and women pre- and post-sentencing and those within jails and prisons; as well as, convicts, substance abusers, homeless, and others.
Program accomplishments
- Operation of residential 'schools' where students make a 2-year commitment to live and work in an environment that promotes making and keeping promises and living life with integrity, accountability, and love. Students work in several business enterprises - lawn care, catering/food services, residential/commecial moving, retail thrift store - in all aspects of the business. These vocational education enterprises are intended to provide them with marketable job skills upon graduation.Expenses $14,878,244 · grants $38,256 · revenue $8,274,584
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-4495796
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Crime and legal-related (I40)
- Assets (IRS master file)
- $58,276,489
- Income (IRS master file)
- $31,076,022
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $30,803,350 | $16,323,090 | $58,276,489 | XML |
| 990 | December 2023 | $21,935,480 | $14,225,913 | $46,977,760 | XML |
| 990 | December 2022 | $16,806,772 | $11,911,602 | $34,712,375 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-4495796).
Questions about OTHER SIDE ACADEMY
- What is the EIN of OTHER SIDE ACADEMY?
- The employer identification number (EIN) of OTHER SIDE ACADEMY is 47-4495796.
- Is OTHER SIDE ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to OTHER SIDE ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OTHER SIDE ACADEMY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OTHER SIDE ACADEMY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OTHER SIDE ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OTHER SIDE ACADEMY?
- The 990 for the year ended December 31, 2024 names Tim Stay.
- Who are the officers and directors of OTHER SIDE ACADEMY?
- The 990 for the year ended December 31, 2024 lists 5 people; 3 received compensation from the organization, the highest $220,000 (Tim Stay, CEO).
- How much revenue does OTHER SIDE ACADEMY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $30,803,350, expenses of $16,323,090 and total assets of $58,276,489 at year end.
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