Treeside Charter School FY2022 filing

Tax-deductible

Ogden, UT501(c)(3)EducationEIN 81-3126123

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To manage, operate, guide, direct, and promote a public Charter School.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$79K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $256K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$79K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $21K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8.5M
98% of total assets
Concern: liabilities are 98% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.3M
+10% vs prior year
Spent
$4.3M
To programs
86%
Net assets
$217K
By yearFY2021–FY2025
Revenue
$4.3M
FY2022▲ +10%
Revenue by fiscal year
FY2021$3.9M
FY2022$4.3M
FY2023$4.3M
FY2024$4.9M
FY2025$5.5M
Expenses
$4.3M
FY2022▲ +20%
Expenses by fiscal year
FY2021$3.6M
FY2022$4.3M
FY2023$4.3M
FY2024$4.3M
FY2025$5.1M
Net assets
$217K
FY2022▼ -15%
Net assets by fiscal year
FY2021$254K
FY2022$217K
FY2023$233K
FY2024$779K
FY2025$761K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Dec 2016.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $3.7M Management & general 14% · $599K

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

6 people listed on the 990; $79K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Di
$78,600Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A

Rachel Brunson’s $111K as Executive Director is at the 40th percentile of top reported officer pay among 3395 $1–10M 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Rachel Brunson$111,287$99,799———
Rachel Brunson——$83,867——
Todd Hepworth———$78,600$61,807

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 Treeside Charter School executive salaries →

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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 15aNo

Programs and updates

Operates and promotes a public charter school.

Provided by the organization

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2 program services account for $3.7M of program spending, described in the organization's own filed words · FY2021.
01

Operation of a public charter school, for students from kindergarten through 6TH grade.

$3.4Mprogram expense
02

Operation of a food service program for students and faculty.

$332Kprogram expense

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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 · FY2023
Total grants receivedfrom 2 funders$21K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$4.3M
Ln 12
Gifts and grantsLn 1h$4.2M
Other incomeLn 4–11$54K
Fees for servicesLn 2g$11K
Money outPt IX
$4.3M
Ln 25
Programscol B$3.7M
Managementcol C$599K
Owns and owesPt X
$217K
net assets · Ln 32
Cash and savingsLn 1–2$611K
Total assetsLn 16$8.8M
LiabilitiesLn 26$8.5M
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.2M
Government grantsLn 1e$4.2M
Fees for servicesLn 2g$11K
Investment incomeLn 3$206
Other incomeLn 4–11$54K
Total revenueLn 12$4.3M
Assets in detailPt X, end of year
CashLn 1$600K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$611K
Land, buildings, equipmentLn 10c$7.8M
Total assetsLn 16$8.8M
LiabilitiesLn 26$8.5M
Net assetsLn 32$217K
OperationsPt I, VI
EmployeesI 5105
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$463K$611K
Land, buildings, equipmentLn 10c$8.1M$7.8M
Total assetsLn 16$9.0M$8.8M
LiabilitiesLn 26$8.7M$8.5M
Net assetsLn 32$254K$217K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$79K$79K
Other salaries and wagesLn 7$2.0M$1.9M$94K
Pension plan contributionsLn 8$73K$73K
Other employee benefitsLn 9$240K$240K
Payroll taxesLn 10$179K$179K
Legal feesLn 11b$96K$72K$23K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$294K$51K$243K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$2K$2K
Information technologyLn 14$8K$8K
OccupancyLn 16$95K$79K$16K
TravelLn 17$11K$11K
InterestLn 20$552K$476K$76K
Depreciation, depletion and amortizationLn 22$319K$302K$17K
InsuranceLn 23$20K$20K
Other expenses (24a–d)Ln 24$315K$280K$35K
Total functional expensesLn 25$4.3M$3.7M$599K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.5M$5.1M$467K$761K 990 PDF
FY2024 $4.9M$4.3M$546K$779K 990 PDF
FY2023 $4.3M$4.3M$16K$233K 990 PDF
FY2022 Viewing $4.3M$4.3M−$37K$217K 990 PDF
FY2021 $3.9M$3.6M$290K$254K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $4,292,181 across 8 lines filed
VIII-1e Government grants$4,195,373
VIII-1f All other contributions, gifts and grants$31,625
VIII-1h Total contributions, gifts and grants$4,226,998
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,588$10,588
VIII-3 Investment incomeExcluded from tax $206$206
VIII-6 Net rental income or lossExcluded from tax $9,500$9,500
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $44,889$44,889
VIII-12 Total revenueRelated to mission $55,477 · Excluded from tax $9,706$4,292,181
Part IX · Statement of functional expenses $4,329,549 across 17 lines filed
IX-5 Pay of current officers, directors and key staffManagement $78,600$78,600
IX-7 Other salaries and wagesPrograms $1,932,900 · Management $93,769$2,026,669
IX-8 Pension plan contributionsPrograms $73,055$73,055
IX-9 Other employee benefitsPrograms $240,275$240,275
IX-10 Payroll taxesPrograms $179,118$179,118
IX-11b Legal feesPrograms $72,363 · Management $23,463$95,826
IX-11c Accounting feesManagement $16,050$16,050
IX-11g Other fees for servicesPrograms $50,944 · Management $242,746$293,690
IX-12 Advertising and promotionPrograms $2,829$2,829
IX-13 Office expensesPrograms $2,379$2,379
IX-14 Information technologyPrograms $8,395$8,395
IX-16 OccupancyPrograms $79,190 · Management $15,829$95,019
IX-17 TravelPrograms $10,633$10,633
IX-20 InterestPrograms $475,969 · Management $76,466$552,435
IX-22 Depreciation, depletion and amortizationPrograms $301,743 · Management $17,276$319,019
IX-23 InsurancePrograms $20,305$20,305
IX-24 Other expenses (24a–d)Programs $280,168 · Management $35,084$315,252
IX-25 Total functional expensesPrograms $3,730,266 · Management $599,283 · Fundraising $0$4,329,549
Part X · Balance sheet $8,755,124 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $362,615$600,122
X-2 Savings and temporary cash investmentsStart of year $100,255$10,461
X-3 Pledges and grants receivableStart of year $324,520$286,895
X-4 Accounts receivableStart of year $757$1,000
X-9 Prepaid expenses and deferred chargesStart of year $122,087$76,096
X-10c Land, buildings and equipment, netStart of year $8,085,478$7,780,550
X-16 Total assetsStart of year $8,995,712$8,755,124
X-17 Accounts payable and accrued expensesStart of year $272,652$268,902
X-19 Deferred revenue$63,662
X-24 Unsecured notes and loans payableStart of year $116,447$38,653
X-26 Total liabilitiesStart of year $8,741,796$8,538,576
X-27 Net assets without donor restrictionsStart of year $253,916$216,548
X-32 Total net assets or fund balancesStart of year $253,916$216,548
X-33 Total liabilities and net assetsStart of year $8,995,712$8,755,124
Part XI · Reconciliation of net assets $216,548 net assets at year end
XI-1 Total revenue$4,292,181
XI-2 Total expenses$4,329,549
XI-3 Revenue less expenses−$37,368
XI-4 Net assets at start of year$253,916
XI-10 Net assets at end of year$216,548

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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