Civic Intelligence

Monument Academy Building Corporation

EIN 26-1401850 • 501(c)3 • Monument, CO

Pub. 78 Eligible

Profile

The Monument Academy Building Corporation was created to issue debt, build a facility and lease the facility to Monument Academy. Monument Academy is a public school chartered through the Lewis-Palmer School District in Colorado.

1150 Village Ridge PointMonument, CO 80132

www.lewispalmer.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.04x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

97th percentile

10.68x

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

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

40th percentile

1.0%

Higher net margin than 40% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

28th percentile

$124,864

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 12.6% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

18th percentile

-4.7%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

31st percentile

-1.3%

Faster revenue growth than 31% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Down

$10,195,976

Down $507,165 (-4.7%) from 2024

Liabilities

Down

$10,565,320

Down $516,742 (-4.7%) from 2024

Net Assets

Up

-$369,344

Up $9,577 (+2.5%) from 2024

Revenue

Down

$989,098

Down $13,446 (-1.3%) from 2024

Expenses

Up

$979,521

Up $138,581 (+16%) from 2024

Net Income

Down

$9,577

Down $152,027 (-94%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0-$5.0MAssets 2019: $12,523,384Liabilities 2019: $13,364,629Net Assets 2019: -$841,2452019Assets 2020: $12,168,237Liabilities 2020: $13,059,747Net Assets 2020: -$891,5102020Assets 2021: $11,741,387Liabilities 2021: $12,657,964Net Assets 2021: -$916,5772021Assets 2022: $11,414,732Liabilities 2022: $12,364,494Net Assets 2022: -$949,7622022Assets 2023: $11,038,079Liabilities 2023: $11,578,604Net Assets 2023: -$540,5252023Assets 2024: $10,703,141Liabilities 2024: $11,082,062Net Assets 2024: -$378,9212024Assets 2025: $10,195,976Liabilities 2025: $10,565,320Net Assets 2025: -$369,3442025

Highlighted filing

2025

Assets$10,195,976
Liabilities$10,565,320
Net Assets-$369,344

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2019: $951,999Expenses 2019: $892,527Net Income 2019: $59,4722019Revenue 2020: $943,464Expenses 2020: $993,729Net Income 2020: -$50,2652020Revenue 2021: $930,628Expenses 2021: $955,695Net Income 2021: -$25,0672021Revenue 2022: $929,845Expenses 2022: $963,030Net Income 2022: -$33,1852022Revenue 2023: $971,762Expenses 2023: $744,659Net Income 2023: $227,1032023Revenue 2024: $1,002,544Expenses 2024: $840,940Net Income 2024: $161,6042024Revenue 2025: $989,098Expenses 2025: $979,521Net Income 2025: $9,5772025

Highlighted filing

2025

Revenue$989,098
Expenses$979,521
Net Income$9,577

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Apr 21, 2026
Return Version
2024v5.5
Gross Receipts
$989,098
Mission and Program Overview

Mission

The Monument Academy Building Corporation was created to issue debt, build a facility and lease the facility to Monument Academy. Monument Academy is a public school chartered through the Lewis-Palmer School District in Colorado.

The Building Coporation was created to issue debt and build and support the school facilties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,739,912$7,443,922▼ $295,990
Savings and Temporary Cash Investments$1,694,199$1,602,978▼ $91,221
Cash and Non-Interest-Bearing Accounts$5$5→ $0
Total Assets$10,703,141$10,195,976▼ $507,165
Other Assets Total$1,269,025$1,149,071▼ $119,954
Liabilities
Tax Exempt Bond Liabilities$10,971,528$10,459,686▼ $511,842
Accounts Payable and Accrued Expenses$110,534$105,634▼ $4,900
Total Liabilities$11,082,062$10,565,320▼ $516,742
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,583,670$1,497,349▼ $86,321
Net Assets Without Donor Restrictions$-1,962,591$-1,866,693▲ $95,898
Total Net Assets Fund Balance$-378,921$-369,344▲ $9,577
Total Liabilities and Net Assets / Fund Balance$10,703,141$10,195,976▼ $507,165

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,725,395$4,980,887$11,706,282
Land$718,527-$718,527
Other Assets Org$1,149,071--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Collin VinchattlePrincipal and Executive Director$124,864$124,864

Board Members and Trustees

NameTitle
Mark McWilliamsPresident
Craig CarleDirector
Melanie StropDirector
Chris DoleSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$928,687
Investment Income
$60,411
Other Revenue
$0
Change in Net Assets
$9,577
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$979,521
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$525,550--$525,550
Depreciation Depletion$295,990--$295,990
Other Expenses$157,981--$157,981
Total Functional Expenses$979,521$0$0$979,521
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
AColorado Educational and Cultural Facilities Authority2014-12-19$14,658,163Advance refunding of series 2007A and 2008A and to fund bond reserve

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$14,658,163--$374,239

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Section A, line 8B

The organization had no committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, line 11B

The Form 990 is prepared by the Organization's public accounting firm based on information provided by the management. Once a draft of the filing is available, the Form 990 is provided to all board members for review.

Form 990, Part VI, Section B, line 12C

The bylaws state that any responsible person shall immediarely inform the board of any potential conflicts of interest. The Board then has the right to approve or deny the transaction. If the conflict of interest involved a board member the finance team and the Board of Directors at Monument Academy, a supported organization, shall support the building corporation with financial oversight, potential conflicts of interest are discussed at the board meetings and documented in the meeting minutes.

Form 990, Part VI, Section C, line 19

The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public through its website.

Form 990, Part VI, Section A, Line 8B:

The Organization had no comittees with authority to act on behalf of the governing body.

Filing and Contact Details

Filer

Filer Name
Monument Academy Building Corporation
EIN
26-1401850
Phone
7194811950
Address
1150 Village Ridge Point, Monument, CO 80132

Signing Officer

Name
Collin Vinchattle
Title
Principal and Executive Director
Phone
7194811950
Signed
2026-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Collin Vinchattle
Formed
2007
Legal Domicile
Co
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Hoelting & Company Inc
Address
31 East Platte Avenue Suite 300, Colorado Springs, CO 80903
Preparer
Thomas G Sistare
Phone
7196301091
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1:

The school follows a modified accrual method of accounting as prescribed by the Colorado Department of Education. The school-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, grants and similar items are recognized when all eligibility requirements imposed by the provider have been met.

Form 990, Part XII, Line 2C:

The process for oversight and selection of an independent accountant has not changed from the prior year.

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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0932137
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0374239
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingEscrowAmt013351786
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02014
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt014658163
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization had no committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is prepared by the Organization's public accounting firm based on information provided by the management. Once a draft of the filing is available, the Form 990 is provided to all board members for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The bylaws state that any responsible person shall immediarely inform the board of any potential conflicts of interest. The Board then has the right to approve or deny the transaction. If the conflict of interest involved a board member the finance team and the Board of Directors at Monument Academy, a supported organization, shall support the building corporation with financial oversight, potential conflicts of interest are discussed at the board meetings and documented in the meeting minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public through its website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The school follows a modified accrual method of accounting as prescribed by the Colorado Department of Education. The school-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, grants and similar items are recognized when all eligibility requirements imposed by the provider have been met.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The process for oversight and selection of an independent accountant has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Organization had no comittees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section A, Line 8B:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Monument Academy
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Monument Academy Charter School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Monument Academy Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0270014128
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1510506848
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1School Support
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1Line 12a, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01150 Village Ridge Point
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11150 Village Ridge Point
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Monument
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Monument
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd080132
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd180132
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0928688
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Fair Market Value
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Monument Academy Charter School
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt010971528
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt010459686
IRS990/TaxExemptBondsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt010703141
IRS990/TotalAssetsEOYAmt010195976
IRS990/TotalAssetsGrp/BOYAmt010703141
IRS990/TotalAssetsGrp/EOYAmt010195976
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0979521
IRS990/TotalFunctionalExpensesGrp/TotalAmt0979521
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011082062
IRS990/TotalLiabilitiesEOYAmt010565320
IRS990/TotalLiabilitiesGrp/BOYAmt011082062
IRS990/TotalLiabilitiesGrp/EOYAmt010565320
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-378921
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-369344
IRS990/TotalOtherCompensationAmt021008
IRS990/TotalProgramServiceExpensesAmt0979521
IRS990/TotalProgramServiceRevenueAmt0928687
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt060411
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0928687
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0989098
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010703141
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010195976
IRS990/TotReportableCompRltdOrgAmt0103856
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01150 Village Ridge Point
IRS990/USAddress/CityNm0Monument
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080132
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0https://www.lewispalmer.org/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

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