Nonprofit · EIN 76-0817459
SPECTRUM ACADEMY
Tax-exempt · N SALT LAKE, UT 84054
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $37,530,113 | $36,847,415 | $682,698 | $48,198,291 | $40,723,795 | $7,474,496 |
| June 30, 2024 | 990 | $36,630,319 | $35,313,871 | $1,316,448 | $48,256,762 | $41,464,964 | $6,791,798 |
| June 30, 2023 | 990 | $32,871,634 | $31,638,308 | $1,233,326 | $48,677,296 | $43,201,946 | $5,475,350 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $36,719,659
- of which government grants
- $36,136,465
- Program service revenue
- $194,237
- Investment income
- $520,513
- Net income from fundraising events
- $17,772
- Other revenue
- $95,704
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $374,772
- Other salaries and wages
- $25,030,644
- Salaries, compensation and benefits (total)
- $30,288,251
- Professional fundraising fees
- $0
- Accounting fees
- $39,108
- Occupancy
- $667,613
- Travel
- $71,608
- Depreciation
- $1,169,402
- Program services (functional)
- $32,272,508
- Management and general (functional)
- $4,574,907
Balance sheet and other
- Total assets, start of year
- $48,256,762
- Total assets, end of year
- $48,198,291
- Total liabilities, end of year
- $40,723,795
- Net assets, end of year
- $7,474,496
- Land, buildings and equipment
- $33,470,704
- Net assets without donor restrictions
- $7,474,496
- Gross receipts
- $37,535,500
- Employees
- 894
- Volunteers
- 175
- Year formed
- 2005
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Elizabeth Banner | Exec Dir - Academics Officer | 40 | $133,387 | $14,272 |
| Jamie Christensen | Exec Dir - Academics Officer | 40 | $145,524 | $0 |
| Brad Nelson | Exec Dir - Finance Officer | 20 | $137,856 | $6,766 |
| Courtney England | Exec Dir - Finance Officer | 40 | $103,529 | $21,328 |
| Amy Loertscher | President Trustee or director, Officer | 1 | $0 | $0 |
| Melissa Edgeworth | Secretary Trustee or director | 1 | $0 | $0 |
| Marney DeVroom | Board Member Trustee or director | 1 | $0 | $0 |
| Bill Cox | Board Member Trustee or director | 1 | $0 | $0 |
| Christine Hopkins | Board Member Trustee or director | 1 | $0 | $0 |
| Chase Ames | Board Member Trustee or director | 1 | $0 | $0 |
| Chris Norlem | Vice President Trustee or director | 1 | $0 | $0 |
| TJ Smith | Board Member Trustee or director | 1 | $0 | $0 |
| Cory Weeks | Board Member Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Brad Nelson | Exec Dir - Finance Officer | 40 | $151,892 | $7,359 |
| Jamie Christensen | Exec Dir - Academics Officer | 40 | $143,284 | $4,561 |
| Elizabeth Banner | Exec Dir - Academics Officer | 40 | $112,094 | $16,870 |
| Amy Loertscher | President Trustee or director, Officer | 1 | $0 | $0 |
| Marcy Johnson | Secretary Trustee or director | 1 | $0 | $0 |
| Marney DeVroom | Board Member Trustee or director | 1 | $0 | $0 |
| Bill Cox | Board Member Trustee or director | 1 | $0 | $0 |
| Jennifer Lee | Board Member Trustee or director | 1 | $0 | $0 |
| Chase Ames | Board Member Trustee or director | 1 | $0 | $0 |
| Chris Norlem | Board Member Trustee or director | 1 | $0 | $0 |
| Michelle Rankin | Board Member Trustee or director | 1 | $0 | $0 |
| Cory Weeks | Board Member Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMIE CHRISTENSEN | EXEC DIR - A Officer | 40 | $151,960 | $8,116 |
| BRAD NELSON | EXEC DIR - F Officer | 40 | $147,351 | $7,146 |
| AMY LOERTSCHER | PRESIDENT Trustee or director | 1 | $0 | $0 |
| MARCY JOHNSON | SECRETARY Trustee or director | 1 | $0 | $0 |
| MARNEY DEVROOM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BILL COX | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JENNIFER LEE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHASE AMES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS NORLEM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHELLE RANKIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CORY WEEKS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 665 CUTLER DR, N SALT LAKE, UT 84054-2970
- In care of
- % BRAD NELSON
- Principal officer (990 for 2024)
- Elizabeth Banner, 575 N Cutler Drive, North Salt Lake, UT 84054
- Signed the 990
- Courtney England, Exec Director of Finance
- Phone
- (801) 936-0318
- Website
- www.spectrumcharter.org
- Return prepared by
- Squire & Company PC
Mission
To manage, operate, guide, direct, and promote a public charter school funded by local, state, and federal sources.
Program accomplishments
- Operation of one public charter school for students from kindergarten to twelfth grade.Expenses $31,558,089 · revenue $42,732
- Operation of a day care and preschool services.Expenses $2,378 · revenue $4,202
- Operation of a food services program for the convenience of the students and faculty.Expenses $712,041 · revenue $147,303
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 76-0817459
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $48,198,291
- Income (IRS master file)
- $37,535,500
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $37,530,113 | $36,847,415 | $48,198,291 | XML |
| 990 | June 2024 | $36,630,319 | $35,313,871 | $48,256,762 | XML |
| 990 | June 2023 | $32,871,634 | $31,638,308 | $48,677,296 | XML |
| 990 | June 2022 | $29,729,025 | $28,766,630 | $38,407,104 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 76-0817459).
Questions about SPECTRUM ACADEMY
- What is the EIN of SPECTRUM ACADEMY?
- The employer identification number (EIN) of SPECTRUM ACADEMY is 76-0817459.
- Is SPECTRUM ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to SPECTRUM ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SPECTRUM 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 SPECTRUM ACADEMY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SPECTRUM ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SPECTRUM ACADEMY?
- The 990 for the year ended June 30, 2025 names Elizabeth Banner.
- Who are the officers and directors of SPECTRUM ACADEMY?
- The 990 for the year ended June 30, 2025 lists 13 people; 4 received compensation from the organization, the highest $133,387 (Elizabeth Banner, Exec Dir - Academics).
- How much revenue does SPECTRUM ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $37,530,113, expenses of $36,847,415 and total assets of $48,198,291 at year end.
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