ELIZABETH ACADEMY

EIN: 261172983 501(c)(3) Education

SALT LAKE CITY, UT

Total Revenue
$7,781,260
Total Expenses
$8,215,990
Total Assets
$21,896,937
Net Assets
$20,631,808
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
UT
Principal Officer
GAIL WILLIAMSEN
Phone
8012814848
Tax Period
2023-06-01 to 2024-05-31

ELIZABETH ACADEMY, founded in 2007, is a community nonprofit in the Education sector that reported $7.8M in total revenue in fiscal year 2023. Revenue surged 594% from the prior year, signaling strong growth momentum. Net assets of $20.6M represent 32 months of operating reserves.

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."

Program Service Accomplishments

Program 1
Expenses: $2,722,368 Revenue: $4,330,431

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...

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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.

Program 2
Expenses: $88,351 Revenue: $122,921

ELIZABETH ACADEMY PRIMARY SCHOOL EARLY INTERVENTION AND INTEGRATED PROGRAM SERVES CHILDREN FROM BIRTH TO AGE TWELVE. TRAINED MONTESSORI TEACHERS COLLABORATE CLOSELY WITH SPEECH LANGUAGE PATHOLOGISTS...

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ELIZABETH ACADEMY PRIMARY SCHOOL EARLY INTERVENTION AND INTEGRATED PROGRAM SERVES CHILDREN FROM BIRTH TO AGE TWELVE. TRAINED MONTESSORI TEACHERS COLLABORATE CLOSELY WITH SPEECH LANGUAGE PATHOLOGISTS AS WELL AS OCCUPATIONAL AND PHYSICAL THERAPISTS TO DESIGN AND IMPLEMENT INDIVIDUALIZED PROGRAMS TO HELP EACH STUDENT REACH HIS OR HER FULL POTENTIAL.

Program 3
Expenses: $2,106,693 Revenue: $819,353

ELIZABETH ACADEMY SECONDARY SCHOOL IS COMMITTED TO PROVIDING AN AUTHENTIC INCLUSIVE MONTESSORI EDUCATION THAT EMPHASIZES COOPERATIVE LEARNING AND NOURISHES YOUNG MINDS AND SPIRITS. BEGINNING OUR...

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ELIZABETH ACADEMY SECONDARY SCHOOL IS COMMITTED TO PROVIDING AN AUTHENTIC INCLUSIVE MONTESSORI EDUCATION THAT EMPHASIZES COOPERATIVE LEARNING AND NOURISHES YOUNG MINDS AND SPIRITS. BEGINNING OUR MIDDLE AND HIGH SCHOOL PROGRAMS. ELIZABETH ACADEMY SCHOOLS OFFERS THE HIGHEST QUALITY MONTESSORI AND INCLUSIVE EDUCATION AVAILABLE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,419,112
Program Service Revenue $5,272,705
Investment Income $0
Other Revenue $1,089,443
TOTAL REVENUE $7,781,260

Expense Breakdown

Grants Paid $3,526
Salaries & Benefits $5,237,684
Fundraising Expenses $2,000
Program Expenses $4,917,412
Other Expenses $2,974,780
TOTAL EXPENSES $8,215,990

Year-over-Year Comparison

2023 2022 Change
Revenue $7,781,260 $1,121,715 +5.9%
Expenses $8,215,990 $2,901,886 +1.8%
Net Income $-434,730 $-1,780,171 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
160
Volunteers
115

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$1,200
Total Directors
13
$27,960
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GAIL WILLIAMSEN EXECUTIVE DIRECTOR 10.00
Officer Director
$1,200 $0 $1,200
THOM WILLIAMSEN DIRECTOR 1.00
Director
$1,200 $0 $1,200
BRIANNA SONKENS DIRECTOR 1.00
Director
$1,200 $0 $1,200
VANESSA WILLIAMSEN DIRECTOR 1.00
Director
$17,760 $0 $17,760
STEPHEN SONKENS DIRECTOR 1.00
Director
$900 $0 $900
BROOKE WILLIAMSEN DIRECTOR 1.00
Director
$1,200 $0 $1,200
TRAVIS WILLIAMSEN DIRECTOR 1.00
Director
$900 $0 $900
MADELINE WILLIAMSEN DIRECTOR 1.00
Director
$300 $0 $300
NATALIE WILLIAMSEN DIRECTOR 1.00
Director
$0 $0 $0
MARY ANN LEE DIRECTOR 1.00
Director
$1,200 $0 $1,200
MIKE MERCHANT DIRECTOR 1.00
Director
$900 $0 $900
LELAND ANDERSON DIRECTOR 1.00
Director
$300 $0 $300
STEVE MORGAN DIRECTOR 1.00
Director
$900 $0 $900
MANDY FUHRIMAN ASSISTANT HEAD OF SCHOOL - INCLUSION 30.00
Highest
$109,070 $5,262 $114,332
JESSICA RAWLINGS HEAD OF LOWER SCHOOL 40.00
Highest
$106,292 $4,885 $111,177
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $7,781,260 $8,215,990 $21,896,937 $-434,730
2022 $7,318,991 $7,408,160 $22,897,525 $-89,169
2021 $5,537,962 $7,027,730 $22,998,155 $-1,489,768
2020 $5,892,482 $5,396,163 $32,558,532 $496,319
2019 $7,527,233 $4,921,475 $33,760,092 $2,605,758
2018 $6,567,304 $4,218,331 $34,199,339 $2,348,973
2018 $4,735,528 $4,032,448 $14,750,383 $703,080
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