Spectrum Academy FY2021 filing

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To manage, operate, guide, direct, and promote a public charter school funded by local, state, and federal sources.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 76-0817459) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$381K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $536K a year · 2% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
80% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$381K
to officers and key staff · 1% of spending
Pay to officers and key staff is 1% of spending.
Part VII, Section A
4.2 mo
of spending, in cash
4.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $502K
6 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$36.5M
92% of total assets
Liabilities are 92% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$27.3M
+16% vs prior year
Spent
$28.5M
To programs
80%
Net assets
$3.3M
By yearFY2020–FY2025
Revenue
$27.3M
FY2021▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$23.6M
FY2021$27.3M
FY2022$29.7M
FY2023$32.9M
FY2024$36.6M
FY2025$37.5M
Expenses
$28.5M
FY2021▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$23.4M
FY2021$28.5M
FY2022$28.8M
FY2023$31.6M
FY2024$35.3M
FY2025$36.8M
Net assets
$3.3M
FY2021▼ -31%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.7M
FY2021$3.3M
FY2022$4.2M
FY2023$5.5M
FY2024$6.8M
FY2025$7.5M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $22.9M Management & general 19% · $5.6M Fundraising 0% · $39K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $381K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Di
$134,485Pt VII · Sec A
Executive Di
$134,330Pt VII · Sec A
Regional Dir
$112,063Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Jamie Christensen’s $146K as Exec Dir - Academics is at the 14th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jamie Christensen$145,524$143,284$151,960$156,416$134,330$128,500
Brad Nelson$137,856$151,892$147,351$147,351$134,485$128,500
Elizabeth Banner$133,387$112,094————
Christina Guevera————$112,063—
Courtney England$103,529—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Spectrum Academy executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Operates and promotes a public charter school funded by government sources.

Questions for Spectrum Academy

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3 programs · $22.9M · in their own filed words · FY2020
01

Operation of one public charter school for students from kindergarten to twelfth grade.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 76-0817459) · Dispute this line
$22.3Mprogram expense
02

Operation of a day care and preschool services.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 76-0817459) · Dispute this line
$532Kprogram expense
03

Operation of a food services program for the convenience of the students and faculty.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 76-0817459) · Dispute this line
$27Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $1.6M federal money spent
Medical Assistance ProgramDepartment of Health and Human Services · ALN 93.778 · Through Utah Dept of Health and Human Services$626K
Special Education Grants to StatesDepartment of Education · ALN 84.027 · Through Utah State Board of Education$277K
Rehabilitation Services Vocational Rehabilitation Grants to StatesDepartment of Education · ALN 84.126 · Through Utah Dept of Workforce Services$204K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Utah State Board of Education$202K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Utah State Board of Education$142K

Plus 3 smaller programs.

The auditor reported no findings.

Year ending Jun 2024 · $2.0M federal money spent
Medical Assistance ProgramDepartment of Health and Human Services · ALN 93.778 · Through Utah Dept of Health and Human Services$931K
Special Education Grants to StatesDepartment of Education · ALN 84.027 · Through Utah State Board of Education$277K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Utah State Board of Education$261K
Rehabilitation Services Vocational Rehabilitation Grants to StatesDepartment of Education · ALN 84.126 · Through Utah Dept of Workforce Services$198K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Utah State Board of Education$163K

Plus 6 smaller programs.

The auditor reported no findings.

Year ending Jun 2023 · $1.9M federal money spent
Medical Assistance ProgramDepartment of Health and Human Services · ALN 93.778 · Through Utah Dept of Health and Human Services$850K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Utah State Board of Education$301K
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Utah State Board of Education$271K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Utah State Board of Education$248K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Utah State Board of Education$162K

Plus 5 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $3.0M federal money spent
Education Stabilization Fund - Governor's Emergency Education Relief FundDepartment of Education · ALN 84.425 · Through Utah State Board of Education$801K
Medical Assistance ProgramDepartment of Health and Human Services · ALN 93.778 · Through Utah Dept of Health and Human Services$668K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Utah State Board of Education$632K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Utah State Board of Education$291K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Utah State Borard of Education$224K

Plus 8 smaller programs.

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$27.3M
Ln 12
Gifts and grantsLn 1h$27.0M
Fees for servicesLn 2g$177K
Other incomeLn 4–11$93K
Money outPt IX
$28.5M
Ln 25
Programscol B$22.9M
Managementcol C$5.6M
Fundraisingcol D$39K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$9.9M
Total assetsLn 16$39.7M
LiabilitiesLn 26$36.5M
PeoplePt VI, VII
10
listed · VII A
PaidVII A3
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$27.0M
Government grantsLn 1e$27.0M
Fees for servicesLn 2g$177K
Investment incomeLn 3$34K
Other incomeLn 4–11$93K
Gains on assetsLn 7−$5K
Total revenueLn 12$27.3M
Assets in detailPt X, end of year
CashLn 1$3.2M
SavingsLn 2$6.8M
Cash and savings togetherLn 1–2$9.9M
Pledges and grants receivableLn 3$137K
Accounts receivableLn 4$3K
Prepaid expenses and deferred chargesLn 9$53K
Land, buildings, equipmentLn 10c$29.6M
Total assetsLn 16$39.7M
LiabilitiesLn 26$36.5M
Net assetsLn 32$3.3M
OperationsPt I, VI
EmployeesI 5666
VolunteersI 6150
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$27.5M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$27.9M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$5.5M$9.9M
Land, buildings, equipmentLn 10c$26.7M$29.6M
Total assetsLn 16$32.6M$39.7M
LiabilitiesLn 26$27.9M$36.5M
Net assetsLn 32$4.7M$3.3M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$381K$381K
Other salaries and wagesLn 7$17.4M$14.9M$2.5M$42
Pension plan contributionsLn 8$326K$326K
Other employee benefitsLn 9$1.6M$1.3M$249K$867
Payroll taxesLn 10$1.4M$1.4M
Accounting feesLn 11c$47K$47K
Other fees for servicesLn 11g$2.4M$724K$1.7M
Advertising and promotionLn 12$5K$5K$85
Office expensesLn 13$23K$23K
Information technologyLn 14$460K$347K$113K
OccupancyLn 16$444K$421K$23K$161
TravelLn 17$13K$13K
Conferences, conventions and meetingsLn 19$124K$124K
InterestLn 20$1.1M$922K$223K$2K
Depreciation, depletion and amortizationLn 22$785K$631K$153K$1K
InsuranceLn 23$63K$63K
Other expenses (24a–d)Ln 24$1.8M$1.2M$517K$35K
All other expensesLn 24e$57K$57K
Total functional expensesLn 25$28.5M$22.9M$5.6M$39K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Oct 27, 2025 $37.5M$36.8M$683K$7.5M 990 PDF
FY2024Filed with the IRS Feb 4, 2025 $36.6M$35.3M$1.3M$6.8M 990 PDF
FY2023Filed with the IRS Feb 29, 2024 $32.9M$31.6M$1.2M$5.5M 990 PDF
FY2022Filed with the IRS Mar 8, 2023 $29.7M$28.8M$962K$4.2M 990 PDF
FY2021 ViewingFiled with the IRS Dec 22, 2021 $27.3M$28.5M−$1.2M$3.3M 990 PDF
FY2020Filed with the IRS Jan 28, 2021 $23.6M$23.4M$190K$4.7M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $27,326,865 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $23,246,627$27,022,541
I-9 Program service revenuePrior year $245,001$177,059
I-10 Investment incomePrior year $71,309$29,340
I-11 Other revenuePrior year $36,662$97,925
I-12 Total revenuePrior year $23,599,599$27,326,865
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $18,679,415$21,077,562
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $4,730,083$7,418,504
I-18 Total expensesPrior year $23,409,498$28,496,066
I-19 Revenue less expensesPrior year $190,101−$1,169,201
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $27,326,865 across 9 lines filed
VIII-1e Government grants$26,961,145
VIII-1f All other contributions, gifts and grants$61,396
VIII-1h Total contributions, gifts and grants$27,022,541
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $177,059$177,059
VIII-3 Investment incomeExcluded from tax $34,393$34,393
VIII-7 Net gain or loss on sales of assetsRelated to mission −$5,053−$5,053
VIII-8 Net income from fundraising eventsExcluded from tax $12,680$12,680
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $85,245$85,245
VIII-12 Total revenueRelated to mission $257,251 · Excluded from tax $47,073$27,326,865
Part IX · Statement of functional expenses $28,496,066 across 18 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $380,878$380,878
IX-7 Other salaries and wagesPrograms $14,898,834 · Management $2,503,491 · Fundraising $42$17,402,367
IX-8 Pension plan contributionsPrograms $325,981$325,981
IX-9 Other employee benefitsPrograms $1,300,443 · Management $249,401 · Fundraising $867$1,550,711
IX-10 Payroll taxesPrograms $1,417,625$1,417,625
IX-11c Accounting feesManagement $46,716$46,716
IX-11g Other fees for servicesPrograms $724,096 · Management $1,725,849$2,449,945
IX-12 Advertising and promotionPrograms $5,123 · Fundraising $85$5,208
IX-13 Office expensesPrograms $22,746$22,746
IX-14 Information technologyPrograms $346,745 · Management $113,415$460,160
IX-16 OccupancyPrograms $420,892 · Management $23,154 · Fundraising $161$444,207
IX-17 TravelPrograms $13,420$13,420
IX-19 Conferences, conventions and meetingsPrograms $124,067$124,067
IX-20 InterestPrograms $921,612 · Management $223,332 · Fundraising $1,553$1,146,497
IX-22 Depreciation, depletion and amortizationPrograms $630,647 · Management $152,823 · Fundraising $1,062$784,532
IX-23 InsurancePrograms $62,704$62,704
IX-24 Other expenses (24a–d)Programs $1,249,874 · Management $517,000 · Fundraising $34,848$1,801,722
IX-24e All other expensesPrograms $56,580$56,580
IX-25 Total functional expensesPrograms $22,902,267 · Management $5,555,181 · Fundraising $38,618$28,496,066
Part X · Balance sheet $39,731,636 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,513,902$3,176,431
X-2 Savings and temporary cash investmentsStart of year $3,016,199$6,767,528
X-3 Pledges and grants receivableStart of year $57,309$137,010
X-4 Accounts receivableStart of year $2,965$3,465
X-9 Prepaid expenses and deferred chargesStart of year $21,153$52,531
X-10c Land, buildings and equipment, netStart of year $26,707,512$29,594,671
X-16 Total assetsStart of year $32,601,271$39,731,636
X-17 Accounts payable and accrued expensesStart of year $1,879,460$4,938,523
X-20 Tax-exempt bond liabilitiesStart of year $17,340,000$27,510,000
X-23 Secured mortgages and notes payableStart of year $8,216,846$112,682
X-25 Other liabilitiesStart of year $433,904$3,890,802
X-26 Total liabilitiesStart of year $27,870,210$36,452,007
X-27 Net assets without donor restrictionsStart of year $4,731,061$3,279,629
X-32 Total net assets or fund balancesStart of year $4,731,061$3,279,629
X-33 Total liabilities and net assetsStart of year $32,601,271$39,731,636
Part XI · Reconciliation of net assets $3,279,629 net assets at year end
XI-1 Total revenue$27,326,865
XI-2 Total expenses$28,496,066
XI-3 Revenue less expenses−$1,169,201
XI-4 Net assets at start of year$4,731,061
XI-9 Other changes in net assets−$282,231
XI-10 Net assets at end of year$3,279,629

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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