Civic Intelligence

Flagstaff Academy Inc.

990 • Fiscal year 2022 • EIN 02-0688420

Jul 01, 2021 to Jun 30, 2022 • Filed on Dec 14, 2022

Organization ProfileWWW.FLAGSTAFFACADEMY.ORG
2040 Miller DriveLongmont, CO 80501

(303) 651-7900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

1.46x

Higher debt load relative to assets than 98% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

91st percentile

2.90x

Higher debt load relative to revenue than 91% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

84th percentile

39%

Higher net margin than 84% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

46th percentile

$165,042

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

26th percentile

-7.2%

Faster asset growth than 26% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

42nd percentile

0.2%

Faster revenue growth than 42% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$18,966,177

Down $1,468,438 (-7.2%) from 2021

Net Assets

Up

-$8,636,101

Up $3,704,000 (+30%) from 2021

Liabilities

Down

$27,602,278

Down $5,172,438 (-16%) from 2021

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin84th percentile

Revenue

Up

$9,522,253

Up $22,854 (+0.2%) from 2021

Expenses

Down

$5,818,253

Down $568,439 (-8.9%) from 2021

Net Income

Up

$3,704,000

Up $591,293 (+19%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0-$20MAssets 2013: $15,451,137Liabilities 2013: $14,289,060Net Assets 2013: $1,162,0772013Assets 2014: $15,217,558Liabilities 2014: $13,931,625Net Assets 2014: $1,285,9332014Assets 2015: $15,895,942Liabilities 2015: $24,427,524Net Assets 2015: -$8,531,5822015Assets 2016: $17,602,482Liabilities 2016: $26,841,455Net Assets 2016: -$9,238,9732016Assets 2017: $26,736,552Liabilities 2017: $39,813,757Net Assets 2017: -$13,077,2052017Assets 2018: $26,172,937Liabilities 2018: $44,374,458Net Assets 2018: -$18,201,5212018Assets 2019: $21,663,627Liabilities 2019: $39,472,614Net Assets 2019: -$17,808,9872019Assets 2020: $18,564,508Liabilities 2020: $34,017,316Net Assets 2020: -$15,452,8082020Assets 2021: $20,434,615Liabilities 2021: $32,774,716Net Assets 2021: -$12,340,1012021Assets 2022: $18,966,177Liabilities 2022: $27,602,278Net Assets 2022: -$8,636,1012022Assets 2023: $18,744,342Liabilities 2023: $27,353,650Net Assets 2023: -$8,609,3082023Assets 2024: $19,695,220Liabilities 2024: $27,737,029Net Assets 2024: -$8,041,8092024Assets 2025: $18,444,552Liabilities 2025: $25,947,944Net Assets 2025: -$7,503,3922025

Highlighted filing

2022

Assets$18,966,177
Liabilities$27,602,278
Net Assets-$8,636,101
Open 2022 Filing

Operations Trend

Revenue Growth42nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2013: $6,920,505Expenses 2013: $6,339,789Net Income 2013: $580,7162013Revenue 2014: $7,279,454Expenses 2014: $6,920,611Net Income 2014: $358,8432014Revenue 2015: $7,715,606Expenses 2015: $7,303,545Net Income 2015: $412,0612015Revenue 2016: $8,065,069Expenses 2016: $8,772,460Net Income 2016: -$707,3912016Revenue 2017: $8,793,688Expenses 2017: $12,631,920Net Income 2017: -$3,838,2322017Revenue 2018: $9,443,872Expenses 2018: $13,970,382Net Income 2018: -$4,526,5102018Revenue 2019: $9,448,161Expenses 2019: $9,055,627Net Income 2019: $392,5342019Revenue 2020: $9,942,759Expenses 2020: $8,003,434Net Income 2020: $1,939,3252020Revenue 2021: $9,499,399Expenses 2021: $6,386,692Net Income 2021: $3,112,7072021Revenue 2022: $9,522,253Expenses 2022: $5,818,253Net Income 2022: $3,704,0002022Revenue 2023: $10,856,184Expenses 2023: $10,829,391Net Income 2023: $26,7932023Revenue 2024: $11,157,434Expenses 2024: $10,589,935Net Income 2024: $567,4992024Revenue 2025: $11,275,990Expenses 2025: $10,737,573Net Income 2025: $538,4172025

Highlighted filing

2022

Revenue$9,522,253
Expenses$5,818,253
Net Income$3,704,000
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Dec 14, 2022
Return Version
2021v4.0
Gross Receipts
$9,522,253
Mission and Program Overview

Mission

Operation of a charter school.

Operation of a charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,960,930$8,590,166▼ $370,764
Cash and Non-Interest-Bearing Accounts$4,807,715$4,869,645▲ $61,930
Savings and Temporary Cash Investments$1,255,647$1,262,991▲ $7,344
Pledges and Grants Receivable$240,641$540,445▲ $299,804
Accounts Receivable-$34,980-
Prepaid Expenses and Deferred Charges$8,162$11,060▲ $2,898
Rtn Earn Endowment Incm Other Fnds$-12,340,101$-8,636,101▲ $3,704,000
Total Assets$20,434,615$18,966,177▼ $1,468,438
Other Assets Total$5,161,520$3,656,890▼ $1,504,630
Liabilities
Other Liabilities$19,630,134$14,872,671▼ $4,757,463
Unsecured Notes Loans Payable$12,943,477$12,642,096▼ $301,381
Accounts Payable and Accrued Expenses$167,814$60,140▼ $107,674
Deferred Revenue$33,291$27,371▼ $5,920
Total Liabilities$32,774,716$27,602,278▼ $5,172,438
Net Assets / Fund Balance
Total Net Assets Fund Balance$-12,340,101$-8,636,101▲ $3,704,000
Total Liabilities and Net Assets / Fund Balance$20,434,615$18,966,177▼ $1,468,438

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,301,382$4,149,628$12,451,010
Equipment$258,113$278,409$536,522
Other Land Buildings$30,671$11,796$42,467
Other Assets Org$59,361--
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Katie Brianne GustafsonExecutive PrFT$165,042$165,042
Katie Brianne GustafsonExecutive Principal-$165,042$165,042
Wayne GrangerExecutive DiFT$160,865$160,865
Wayne GrangerExecutive Director-$160,865$160,865
Jeanna PepplerDirector of ChildFT$115,729$115,729
Gael LesterAssistant PrFT$113,637$113,637
Marnie Wilkie LowreyBusiness ManFT$105,928$105,928

Board Members and Trustees

NameTitle
Katie NunleyPresident
Christina GodwinDirector
Jullie PrestopnikDirector
Timothy RumseyDirector
ELIZABETH O'HARASecretary
Brady ToothakerTreasurer
SEAN O'DONOHUEVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$897,558
Program Service Revenue
$8,559,815
Investment Income
$24,080
Other Revenue
$40,800
All Other Contributions
$93,214
Change in Net Assets
$3,704,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,522,253
Total Revenue per Audited Statements
$9,522,253
Total Revenue per Form 990
$9,522,253
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,241,496
Other Expenses$2,576,757
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,526,002$1,489,659-$5,015,661
Other Employee Benefits$506,235$257,510-$763,745
Interest-$502,551-$502,551
Occupancy-$378,545-$378,545
All Other Expenses$233,362$34,624-$267,986
Other Expenses$124,357$199,539-$124,357
Insurance-$114,820-$114,820
Travel-$90,118-$90,118
Payroll Taxes-$69,532-$69,532
Office Expenses-$67,732-$67,732
Fees for Services Accounting-$48,078-$48,078
Advertising-$40,642-$40,642
Fees for Services Legal-$20,050-$20,050
Depreciation Depletion-$13,495-$13,495
Pension Plan Contributions$-2,046,614$-560,828-$-2,607,442
Total Functional Expenses$2,599,345$3,218,908$0$5,818,253

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,818,253
Total Expenses per Audited Statements$5,818,253
Total Expenses per Form 990$5,818,253
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$9,038,943
Deferred Inflows Related to Pensions$4,430,738
Accrued Salaries and Benefits$455,792
Net Opeb Liability$437,307
Accrued Interest Payable$208,453
Deferred Inflows Related to Opeb$166,371
Due to District$80,884
Lease Payable$31,171
Accrued Expenses$23,012
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The 990 is reviewed by the organization's financial consultant”

Form 990, Page 6, Part VI, Line 12C

“Annual form is completed by each board member and retained in the organization's policy folder. Board members are reminded at each board meeting of the policy. Board members also inquire about the policy when sensitive topics arise.”

Form 990, Page 6, Part VI, Line 15A

“The executive director's performance is reviewed by the board of directors on an annual basis. The performance review is based on measurable goals established at the beginning of the year. Compensation is adjusted based on achievement of goals and overall performance.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, policies, financials statements, and various other fiscal transparencies disclosures and reports are available on the organization's website. In addition, documents are available at the organization's business office and can be released to the public upon completion of a public records release form.”

Filing and Contact Details

Filer

Filer Name
Flagstaff Academy
EIN
02-0688420
Phone
3036517900
Address
2040 MILLER DRIVE, LONGMONT, CO 80501

Signing Officer

Name
Katie Nunley
Title
President
Phone
3036517900
Signed
2022-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katie Nunley
Formed
2004
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
7
Employees
144
Volunteers
7

Preparer

Firm
Prospective Business Solutions LLC
Address
26 W DRY CREEK CIRCLE SUITE 600, LITTLETON, CO 80120
Preparer
Uli Keeley CPA
Phone
7202176601
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IRS990/OfficeExpensesGrp/TotalAmt067732
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05161520
IRS990/OtherAssetsTotalGrp/EOYAmt03656890
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0257510
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0506235
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0763745
IRS990/OtherExpensesGrp/Desc0DISTRICT PURCHASED SVC
IRS990/OtherExpensesGrp/Desc1GENERAL SUPPLIES
IRS990/OtherExpensesGrp/Desc2ELECTRONIC MEDIA
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0452841
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1199539
IRS990/OtherExpensesGrp/ProgramServicesAmt0108625
IRS990/OtherExpensesGrp/ProgramServicesAmt1147378
IRS990/OtherExpensesGrp/ProgramServicesAmt2124357
IRS990/OtherExpensesGrp/TotalAmt0452841
IRS990/OtherExpensesGrp/TotalAmt1308164
IRS990/OtherExpensesGrp/TotalAmt2147378
IRS990/OtherExpensesGrp/TotalAmt3124357
IRS990/OtherLiabilitiesGrp/BOYAmt019630134
IRS990/OtherLiabilitiesGrp/EOYAmt014872671
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt040800
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt040800
IRS990/OtherRevenueTotalAmt040800
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01489659
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03526002
IRS990/OtherSalariesAndWagesGrp/TotalAmt05015661
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt069532
IRS990/PayrollTaxesGrp/TotalAmt069532
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0-560828
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0-2046614
IRS990/PensionPlanContributionsGrp/TotalAmt0-2607442
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0240641
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0540445
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08162
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011060
IRS990/PrincipalOfficerNm0KATIE NUNLEY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0PER PUPIL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1MILL LEVY OVERRIDE
IRS990/ProgramServiceRevenueGrp/Desc2TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06592741
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11279109
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2687965
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06592741
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11279109
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2687965
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01345933
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt037167
IRS990/PYOtherExpensesAmt02625582
IRS990/PYOtherRevenueAmt0384655
IRS990/PYProgramServiceRevenueAmt07731644
IRS990/PYRevenuesLessExpensesAmt03112707
IRS990/PYSalariesCompEmpBnftPaidAmt03761110
IRS990/PYTotalExpensesAmt06386692
IRS990/PYTotalRevenueAmt09499399
IRS990/ReconcilationRevenueExpnssAmt03704000
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-12340101
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-8636101
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01255647
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01262991
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt08301382
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04149628
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012451010
IRS990ScheduleD/EquipmentGrp/BookValueAmt0258113
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0278409
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0536522
IRS990ScheduleD/ExpensesSubtotalAmt05818253
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02314980
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11197031
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt285518
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt359361
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED CHARGES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DEFERRED OUTFLOWS RELATED TO OPEB
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt030671
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011796
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt042467
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09038943
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14430738
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2455792
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3437307
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4208453
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5166371
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt680884
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt731171
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt823012
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS RELATED TO PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED SALARIES AND BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3NET OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5DEFERRED INFLOWS RELATED TO OPEB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6DUE TO DISTRICT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7LEASE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc8ACCRUED EXPENSES
IRS990ScheduleD/RevenueSubtotalAmt09522253
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08590166
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03656890
IRS990ScheduleD/TotalExpensesPerForm990Amt05818253
IRS990ScheduleD/TotalLiabilityAmt014872671
IRS990ScheduleD/TotalRevenuePerForm990Amt09522253
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09522253
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05818253
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0false
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0false
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THESE POLICIES ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND AT REQUEST.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES PPR FUNDING AND OTHER FEDERAL AND STATE GRANTS FROM THE COLORADO DEPARTMENT OF EDUCATION
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0165042
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1160865
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KATIE BRIANNE GUSTAFSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1WAYNE GRANGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE PRINCIPAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0165042
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1160865
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE ORGANIZATION'S FINANCIAL CONSULTANT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUAL FORM IS COMPLETED BY EACH BOARD MEMBER AND RETAINED IN THE ORGANIZATION'S POLICY FOLDER. BOARD MEMBERS ARE REMINDED AT EACH BOARD MEETING OF THE POLICY. BOARD MEMBERS ALSO INQUIRE ABOUT THE POLICY WHEN SENSITIVE TOPICS ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR'S PERFORMANCE IS REVIEWED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THE PERFORMANCE REVIEW IS BASED ON MEASURABLE GOALS ESTABLISHED AT THE BEGINNING OF THE YEAR. COMPENSATION IS ADJUSTED BASED ON ACHIEVEMENT OF GOALS AND OVERALL PERFORMANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, POLICIES, FINANCIALS STATEMENTS, AND VARIOUS OTHER FISCAL TRANSPARENCIES DISCLOSURES AND REPORTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. IN ADDITION, DOCUMENTS ARE AVAILABLE AT THE ORGANIZATION'S BUSINESS OFFICE AND CAN BE RELEASED TO THE PUBLIC UPON COMPLETION OF A PUBLIC RECORDS RELEASE FORM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,966,177
Liabilities
$27,602,278
Net assets
-$8,636,101
Revenue
$9,522,253
Expenses
$5,818,253
Net income
$3,704,000
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.4$25.9$7.50$11.3$10.7$0.54
2024Detailed filing. Detailed filing data is available for this year.$19.7$27.7$8.04$11.2$10.6$0.57
2023Detailed filing. Detailed filing data is available for this year.$18.7$27.4$8.61$10.9$10.8$0.03
2022Detailed filing. Detailed filing data is available for this year.$19.0$27.6$8.64$9.52$5.82$3.70
2021Detailed filing. Detailed filing data is available for this year.$20.4$32.8$12.3$9.50$6.39$3.11
2020Summary only. Only limited summary data is available for this year.$18.6$34.0$15.5$9.94$8.00$1.94
2019Summary only. Only limited summary data is available for this year.$21.7$39.5$17.8$9.45$9.06$0.39
2018Summary only. Only limited summary data is available for this year.$26.2$44.4$18.2$9.44$14.0$4.53
2017Summary only. Only limited summary data is available for this year.$26.7$39.8$13.1$8.79$12.6$3.84
2016Summary only. Only limited summary data is available for this year.$17.6$26.8$9.24$8.07$8.77$0.71
2015Summary only. Only limited summary data is available for this year.$15.9$24.4$8.53$7.72$7.30$0.41
2014Summary only. Only limited summary data is available for this year.$15.2$13.9$1.29$7.28$6.92$0.36
2013Summary only. Only limited summary data is available for this year.$15.5$14.3$1.16$6.92$6.34$0.58