Civic Intelligence

Strive Preparatory Schools

990 • Fiscal year 2024 • EIN 20-2562193

Jul 01, 2023 to Jun 30, 2024 • Filed on Mar 13, 2025

2480 W 26th Ave Ste B-360Denver, CO 80211

(720) 837-3544

Siviq Scores

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

Liabilities / Assets

97th percentile

1.22x

Higher debt load relative to assets than 97% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.49x

Higher debt load relative to revenue than 59% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

48th percentile

4.0%

Higher net margin than 48% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

52nd percentile

$369,761

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

82nd percentile

18%

Faster asset growth than 82% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

87th percentile

59%

Faster revenue growth than 87% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$37,371,154

Up $5,759,501 (+18%) from 2023

Net Assets

Down

-$8,229,716

Down $910,927 (-12%) from 2023

Liabilities

Up

$45,600,870

Up $6,670,428 (+17%) from 2023

Revenue

Up

$92,663,539

Up $34,458,916 (+59%) from 2023

Expenses

Up

$88,941,626

Up $28,710,138 (+48%) from 2023

Net Income

Up

$3,721,913

Up $5,748,778 (+284%) from 2023

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0-$20M-$40MAssets 2011: $4,595,495Liabilities 2011: $2,755,809Net Assets 2011: $1,839,6862011Assets 2012: $4,803,766Liabilities 2012: $2,908,561Net Assets 2012: $1,895,2052012Assets 2013: $5,581,764Liabilities 2013: $2,985,545Net Assets 2013: $2,596,2192013Assets 2014: $7,371,374Liabilities 2014: $2,684,335Net Assets 2014: $4,687,0392014Assets 2015: $5,345,475Liabilities 2015: $16,455,417Net Assets 2015: -$11,109,9422015Assets 2016: $7,042,883Liabilities 2016: $24,700,917Net Assets 2016: -$17,658,0342016Assets 2017: $8,375,359Liabilities 2017: $38,930,666Net Assets 2017: -$30,555,3072017Assets 2018: $6,803,888Liabilities 2018: $35,240,812Net Assets 2018: -$28,436,9242018Assets 2019: $6,896,940Liabilities 2019: $26,927,565Net Assets 2019: -$20,030,6252019Assets 2020: $13,094,297Liabilities 2020: $24,738,335Net Assets 2020: -$11,644,0382020Assets 2021: $16,366,153Liabilities 2021: $17,723,259Net Assets 2021: -$1,357,1062021Assets 2022: $15,420,405Liabilities 2022: $3,585,808Net Assets 2022: $11,834,5972022Assets 2023: $31,611,653Liabilities 2023: $38,930,442Net Assets 2023: -$7,318,7892023Assets 2024: $37,371,154Liabilities 2024: $45,600,870Net Assets 2024: -$8,229,7162024

Highlighted filing

2024

Assets$37,371,154
Liabilities$45,600,870
Net Assets-$8,229,716

Operations Trend

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

$100M$50M$0-$50MRevenue 2011: $9,023,750Expenses 2011: $9,163,794Net Income 2011: -$140,0442011Revenue 2012: $12,224,663Expenses 2012: $12,169,144Net Income 2012: $55,5192012Revenue 2013: $18,336,006Expenses 2013: $17,634,992Net Income 2013: $701,0142013Revenue 2014: $25,050,152Expenses 2014: $22,959,332Net Income 2014: $2,090,8202014Revenue 2015: $30,867,946Expenses 2015: $32,046,941Net Income 2015: -$1,178,9952015Revenue 2016: $34,724,416Expenses 2016: $38,565,542Net Income 2016: -$3,841,1262016Revenue 2017: $40,284,961Expenses 2017: $46,601,223Net Income 2017: -$6,316,2622017Revenue 2018: $42,522,729Expenses 2018: $48,956,308Net Income 2018: -$6,433,5792018Revenue 2019: $45,515,931Expenses 2019: $45,362,220Net Income 2019: $153,7112019Revenue 2020: $48,290,514Expenses 2020: $47,531,057Net Income 2020: $759,4572020Revenue 2021: $54,741,372Expenses 2021: $45,965,711Net Income 2021: $8,775,6612021Revenue 2022: $53,208,791Expenses 2022: $55,177,516Net Income 2022: -$1,968,7252022Revenue 2023: $58,204,623Expenses 2023: $60,231,488Net Income 2023: -$2,026,8652023Revenue 2024: $92,663,539Expenses 2024: $88,941,626Net Income 2024: $3,721,9132024

Highlighted filing

2024

Revenue$92,663,539
Expenses$88,941,626
Net Income$3,721,913
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 13, 2025
Return Version
2023v6.0
Gross Receipts
$92,663,539
Mission and Program Overview

Mission

Success for every student through a demanding education of high standards, structure and accountability, strive preparatory schools prepares students for educational success from elementary school through high school.

Success for every student through a demanding education of high standards, structure & accountability; rmp prepares students for educational success from elementary through high school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$28,277,367$33,250,552▲ $4,973,185
Cash and Non-Interest-Bearing Accounts$2,768,626$19,750,880▲ $16,982,254
Savings and Temporary Cash Investments$18,036,872$8,178,579▼ $9,858,293
Land, Buildings, and Equipment, Net$5,570,432$5,513,196▼ $57,236
Pledges and Grants Receivable$3,201,066$1,637,720▼ $1,563,346
Accounts Receivable$829,583$457,745▼ $371,838
Prepaid Expenses and Deferred Charges$130,284$296,817▲ $166,533
Inventories for Sale or Use$0$83,237▲ $83,237
Other Notes and Loans Receivable, Net$50,000--
Receivables From Officers Etc$0$12,025▲ $12,025
Receivable From Disqualified Prsn$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-35,596,156$-41,480,268▼ $5,884,112
Total Assets$31,611,653$37,371,154▲ $5,759,501
Other Assets Total$1,024,790$1,440,955▲ $416,165
Liabilities
Other Liabilities$36,652,253$42,775,326▲ $6,123,073
Accounts Payable and Accrued Expenses$2,193,107$2,651,894▲ $458,787
Deferred Revenue$85,082$173,650▲ $88,568
Total Liabilities$38,930,442$45,600,870▲ $6,670,428
Net Assets / Fund Balance
Total Net Assets Fund Balance$-7,318,789$-8,229,716▼ $910,927
Total Liabilities and Net Assets / Fund Balance$31,611,653$37,371,154▲ $5,759,501

Asset Categories

AssetBook ValueDepreciationBasis
Land$3,940,000-$3,940,000
Buildings$1,426,133$483,867$1,910,000
Leasehold Improvements$147,063$125,579$272,642
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tricia NoyolaCEOFT$262,529$107,232$369,761
Christy SadriPresident & Chief Academic Officer -thru 5/2024FT$251,584$72,892$324,476
Rodrigo WongVP of Schools - Thru 12/2023FT$175,103$98,706$273,809
Jennifer ReeseVice President, Student, Performance & Advocacy - Thru 4/2024FT$172,540$91,214$263,754
Austen KassingerExecutive Director of SchoolsFT$153,724$92,613$246,337
Adam LenzmeierExecutive Director of SchoolsFT$164,999$63,575$228,574
Indrina Kanth - ChiefChief Growth OfficerFT$176,027$49,240$225,267
Karla LindgrenChief Legal Officer and General CounselFT$152,153$66,222$218,375
Yana SmithPresident People and BusinessFT$167,609$47,536$215,145
Aime CanoExecutive PrincipalFT$119,582$89,234$208,816
Josh DevonChief Financial Officer - Thru 09/2023FT$132,671$53,710$186,381
Andrew HuberChief Operations Officer - Thru 07/2023FT$93,886$18,055$111,941

Board Members and Trustees

NameTitle
Patrick DonovanBoard Chair, Treasurer
Amber ValdezBoard Co-vice Chair
Kayla TibbalsBoard Co-vice Chair
Ana Martinez ShropshireBoard Member
Jemal TakeleBoard Member
Marlon MarshallBoard Member
Reed DixonBoard Member
Ulysses EstradaBoard Member
Charlotte BantleyBoard Secretary
Justin ScottChief Schools Officer - Began 04/2024

Highest Paid Contractors

ContractorServicesLocationCompensation
Denver Public SchoolsSchool District Services1860 LINCOLN ST, SUITE 405, Denver, CO 80203$4,663,294
Sla ManagementFood Service601 S LAKE DESTINE DR, SUITE 1970, Maitland, FL 32751$1,991,670
Scoot EducationSubstitute Teaching5670 WILSHIRE BOULEVARD, Los Angeles, CA 90036$1,121,237
Ds Bus Lines INCTransportation23889 WEST 40th STREET, Shawnee, KS 66226$825,543
KokuaSubstitute Teaching73 W MONROE ST, Chicago, IL 60603$426,825
Revenue and Support

Revenue Composition

Contributions and Grants
$18,929,557
Program Service Revenue
$72,071,025
Investment Income
$749,226
Other Revenue
$913,731
All Other Contributions
$3,872,191
Change in Net Assets
$3,721,913

Audited Revenue Reconciliation

Revenue per Audited Statements
$92,663,539
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$92,663,539
Total Revenue per Form 990
$92,663,539
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$62,816,730
Other Expenses$26,124,896
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$33,659,649$11,219,883-$44,879,532
Fees for Services Other$10,103,986$2,082,076$0$12,186,062
Pension Plan Contributions$7,585,189$2,528,396-$10,113,585
Other Employee Benefits$3,975,933$1,325,311-$5,301,244
All Other Expenses$2,867,638$143$0$2,867,781
Current Officers, Directors, Trustees, and Key Employees$608,883$1,016,538-$1,625,421
Information Technology$1,104,528$259,087-$1,363,615
Travel$1,247,712--$1,247,712
Other Expenses$1,001,160$189,612-$1,001,160
Payroll Taxes$672,711$224,237-$896,948
Occupancy$570,710$107,711-$678,421
Office Expenses$487,771$171,379-$659,150
Interest-$577,615-$577,615
Insurance$353,107$67,259-$420,366
Fees for Services Accounting-$267,877-$267,877
Fees for Services Legal-$32,888-$32,888
Advertising-$4,243-$4,243
Total Functional Expenses$68,867,371$20,074,255$0$88,941,626

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$89,330,002
Total Expenses per Form 990$88,941,626
Expenses per Audited Statements$88,857,023
Expenses Not Reported on Form 990$472,979
Expenses Not Reported on Financial Statements$84,603
Other Expense Adjustments$84,603
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$0$12,025▲ $12,025
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$41,187,070
Lease Liability$1,295,058
Net Opeb Liability$293,198
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15A 15B: CEO COMPENSATION POLICY

Board of directors evaluates the ceo's compensation based on ceo's annual performance evaluation. The evaluation process is in alignment with the following philosophy: clarity of and accountability to network goals and ceo's leadership & management of the system toward meeting those goals. The ceo's compensation is based on a comprehensive and inclusive feedback loop with the purpose of assessing the ceo's capabilities and the network's current and future needs. The ceo and president determine the compensation of the other officers.

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

There are no committees with authority to act on behalf of the governing board.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Information for the form 990 is compiled by the finance team and provided to the third party preparer. A copy of the 990 is then provided to the board for review prior to filing with the irs.

Form 990, Part VI, Line 12C Conflict of interest policy

All officers and directors are required to disclose any actual or potential conflicts of interest to the board. If a conflict is identified, common or interested directors may be counted in determining the presence of a quorum at a meeting of the board or of a committee which authorizes, approves, or ratifies the conflicting interest transaction. Where an interested director has been counted as part of a quorum but abstains from voting, the affirmative vote of a majority of the disinterested directors shall suffice to take action.

Form 990, Part VI, Line 19 Required documents available to the public

The organization makes its governing documents and financial statements available to the public upon request. The organization complies with colorado hb10-1036, also known as the public school financial transparency act.

Filing and Contact Details

Filer

Filer Name
Strive Preparatory Schools
EIN
20-2562193
Phone
7208373544
Address
2480 W 26th Ave Ste B-360, Denver, CO 80211
Doing Business As
Rocky Mountain Prep

Signing Officer

Name
Yana Smith
Title
President
Phone
7207724300
Signed
2025-03-13
Discuss with paid preparer
Yes

Organization Details

Formed
2005
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
924
Volunteers
10

Preparer

Firm
Forvis Mazars LLP
Address
111 South Tejon Suite 800, Colorado Springs, CO 80903-9848
Preparer
Adam R Smith
Phone
7194714290
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G Other Fees

CONSULTING FEES - Total Expense: 3874201, Program Service Expense: 3060619, Management and General Expenses: 813582, Fundraising Expenses: ; FOOD SERVICES - Total Expense: 2977687, Program Service Expense: 2828803, Management and General Expenses: 148884, Fundraising Expenses: ; DISTRICT SERVICES - Total Expense: 5223420, Program Service Expense: 4126502, Management and General Expenses: 1096918, Fundraising Expenses: ; EXTERNAL AFFAIRS - Total Expense: 108059, Program Service Expense: 85367, Management and General Expenses: 22692, Fundraising Expenses: ; SCORING SERVICES - Total Expense: 2695, Program Service Expense: 2695, Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ;

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Change in pension and opeb liability in accordance with gasb 68 and 75 - -6357091; restatement from merger excluding capital assets - 1724251;

Financial Statement Notes

Schedule D, Part X, Line 2 UNCERTAIN TAX POSITIONS

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

OPEB EXPENSE - 472979

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

Lease liability expense not reported as an expenditure on the governmental fund report - 84603

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IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD CO-VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD CHAIR, TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT & CHIEF ACADEMIC OFFICER -THRU 5/2024
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHIEF GROWTH OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF FINANCIAL OFFICER - THRU 09/2023
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF SCHOOLS OFFICER - BEGAN 04/2024
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF LEGAL OFFICER AND GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt15CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT PEOPLE AND BUSINESS
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE DIRECTOR OF SCHOOLS
IRS990/Form990PartVIISectionAGrp/TitleTxt18EXECUTIVE PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE DIRECTOR OF SCHOOLS
IRS990/Form990PartVIISectionAGrp/TitleTxt20VICE PRESIDENT, STUDENT, PERFORMANCE & ADVOCACY - THRU 4/2024
IRS990/Form990PartVIISectionAGrp/TitleTxt21VP OF SCHOOLS - THRU 12/2023
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IRS990/MissionDesc0SUCCESS FOR EVERY STUDENT THROUGH A DEMANDING EDUCATION OF HIGH STANDARDS, STRUCTURE AND ACCOUNTABILITY. ROCKY MOUNTAIN PREPARATORY SCHOOLS PREPARE STUDENTS FOR EDUCATIONAL SUCCESS FROM ELEMENTARY THROUGH HIGH SCHOOL.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$37.4$45.6$8.23$92.7$88.9$3.72
2023Summary only. Only limited summary data is available for this year.$31.6$38.9$7.32$58.2$60.2$2.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.4$3.59$11.8$53.2$55.2$1.97
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$17.7$1.36$54.7$46.0$8.78
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.1$24.7$11.6$48.3$47.5$0.76
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.90$26.9$20.0$45.5$45.4$0.15
2018Summary only. Only limited summary data is available for this year.$6.80$35.2$28.4$42.5$49.0$6.43
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.38$38.9$30.6$40.3$46.6$6.32
2016Summary only. Only limited summary data is available for this year.$7.04$24.7$17.7$34.7$38.6$3.84
2015Detailed filing. Detailed filing data is available for this year.$5.35$16.5$11.1$30.9$32.0$1.18
2014Summary only. Only limited summary data is available for this year.$7.37$2.68$4.69$25.1$23.0$2.09
2013Summary only. Only limited summary data is available for this year.$5.58$2.99$2.60$18.3$17.6$0.70
2012Summary only. Only limited summary data is available for this year.$4.80$2.91$1.90$12.2$12.2$0.06
2011Summary only. Only limited summary data is available for this year.$4.60$2.76$1.84$9.02$9.16$0.14