Civic Intelligence

Grand Peak Academy

EIN 26-1845671 • 501(c)3 • Colorado Springs, CO

Profile

The Organization is a public charter school specializing in education of students from preschool through 8th grade. The School uses a standards based curriculum incorporating the Colorade state standards, the Core Knowledge and sequence, and the Classical approach.

7036 Cowpoke RoadColorado Springs, CO 80908

www.grandpeakacademy.org

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.95x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

81st percentile

0.77x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

50th percentile

4.6%

Higher net margin than 50% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

75th percentile

17%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2025

Revenue Growth

50th percentile

7.0%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2025

Assets

Down

$6,826,171

Down $102,031 (-1.5%) from 2024

Liabilities

Down

$6,459,913

Down $342,744 (-5.0%) from 2024

Net Assets

Up

$366,258

Up $240,713 (+192%) from 2024

Revenue

Up

$8,401,613

Up $157,085 (+1.9%) from 2024

Expenses

Up

$8,017,231

Up $568,445 (+7.6%) from 2024

Net Income

Down

$384,382

Down $411,360 (-52%) from 2024

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2021: $4,040,575Liabilities 2021: $7,979,139Net Assets 2021: -$3,938,5642021Assets 2022: $4,306,540Liabilities 2022: $6,108,351Net Assets 2022: -$1,801,8112022Assets 2023: $5,300,651Liabilities 2023: $5,970,848Net Assets 2023: -$670,1972023Assets 2024: $6,928,202Liabilities 2024: $6,802,657Net Assets 2024: $125,5452024Assets 2025: $6,826,171Liabilities 2025: $6,459,913Net Assets 2025: $366,2582025

Highlighted filing

2025

Assets$6,826,171
Liabilities$6,459,913
Net Assets$366,258

Operations Trend

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

$10M$5.0M$0Revenue 2021: $6,638,558Expenses 2021: $4,274,843Net Income 2021: $2,363,7152021Revenue 2022: $6,866,686Expenses 2022: $4,729,933Net Income 2022: $2,136,7532022Revenue 2023: $7,039,903Expenses 2023: $6,169,603Net Income 2023: $870,3002023Revenue 2024: $8,244,528Expenses 2024: $7,448,786Net Income 2024: $795,7422024Revenue 2025: $8,401,613Expenses 2025: $8,017,231Net Income 2025: $384,3822025

Highlighted filing

2025

Revenue$8,401,613
Expenses$8,017,231
Net Income$384,382

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 31, 2025
Return Version
2024v5.2
Gross Receipts
$8,411,003
Mission and Program Overview

Mission

The Organization is a public charter school specializing in education of students from preschool through 8th grade. The School uses a standards based curriculum incorporating the Colorade state standards, the Core Knowledge and sequence, and the Classical approach.

The Organization is a public charter school specializing in education od students from preschool through 8th grade. The School uses a standards based curriculum incorporating the Colorado state standards, the Core Knowledge and sequence, and the classical approach.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$3,179,518-
Cash and Non-Interest-Bearing Accounts$4,629,080$2,074,160▼ $2,554,920
Land, Buildings, and Equipment, Net$161,701$172,659▲ $10,958
Prepaid Expenses and Deferred Charges$29,859$14,576▼ $15,283
Pledges and Grants Receivable$115,248$6,037▼ $109,211
Accounts Receivable$5,138$5,720▲ $582
Total Assets$6,928,202$6,826,171▼ $102,031
Other Assets Total$1,987,176$1,373,501▼ $613,675
Liabilities
Other Liabilities$6,516,937$6,029,748▼ $487,189
Accounts Payable and Accrued Expenses$282,220$424,665▲ $142,445
Deferred Revenue$3,500$5,500▲ $2,000
Mortgage Notes Payable Secured by Investment Property-$0-
Total Liabilities$6,802,657$6,459,913▼ $342,744
Net Assets / Fund Balance
Net Assets With Donor Restrictions$242,000$242,000→ $0
Net Assets Without Donor Restrictions$-116,455$124,258▲ $240,713
Total Net Assets Fund Balance$125,545$366,258▲ $240,713
Total Liabilities and Net Assets / Fund Balance$6,928,202$6,826,171▼ $102,031

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$102,276$13,453$115,729
Equipment$70,383$35,964$106,347
Other Assets Org$1,373,501--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeremy RickardPresident
Anthony HallVice President
Brandon HenryBoard Member
Christopher DempseyBoard Member
Jacob AtkinsonBoard Member
Colby RossSecretary
Jennifer ReishusTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$503,953
Program Service Revenue
$7,747,155
Investment Income
$102,641
Other Revenue
$47,864
All Other Contributions
$13,017
Change in Net Assets
$384,382

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,350,117
Revenue Not Reported on Financial Statements
$51,496
Revenue Not Reported on Form 990
$1,271,357
Other Revenue Adjustments
$51,496
Total Revenue per Audited Statements
$9,621,474
Total Revenue per Form 990
$8,401,613
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,380,036
Other Expenses$3,637,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,848,249$316,472-$3,164,721
Occupancy$1,311,716$231,479-$1,543,195
Pension Plan Contributions$717,838$79,760-$797,598
Other Employee Benefits$304,973$33,886-$338,859
Information Technology$162,125$28,610-$190,735
Payroll Taxes$70,972$7,886-$78,858
Insurance$47,041$8,301-$55,342
Other Expenses$21,499$3,794$0$25,293
Depreciation Depletion$19,768$3,489-$23,257
Fees for Services Legal-$20,357-$20,357
Advertising$17,104$3,018-$20,122
Fees for Services Accounting-$11,200-$11,200
All Other Expenses$6,061$1,069-$7,130
Fees for Services Other-$4,403-$4,403
Office Expenses$772$136-$908
Total Functional Expenses$7,059,141$958,090$0$8,017,231

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,515,591
Expenses per Audited Statements$8,017,231
Total Expenses per Form 990$8,017,231
Expenses Not Reported on Form 990$1,498,360
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,390
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fun Run$69,133-$9,390-
Total Events$69,133-$9,390$-9,390
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 Liabilities$5,795,809
Deferred Inflows$131,105
Net OPEB Liabilities$102,834
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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 B, line 11B

The 990 was reviewed by the Business Manager before filing.

Form 990, Part VI, Section C, line 19

Financial information of the organization can be obtained by contacting the school.

Filing and Contact Details

Filer

Filer Name
Grand Peak Academy
EIN
26-1845671
Phone
7194957360
Address
7036 Cowpoke Road, Colorado Springs, CO 80908

Signing Officer

Name
Jeremy Rickard
Title
President
Phone
7194957360
Signed
2025-10-31
Discuss with paid preparer
No

Organization Details

Principal Officer
Jeremy Rickard
Formed
2008
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
7
Employees
80
Volunteers
0

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 2C:

The finance committee oversees audit services and selection of independent auditors. This has not changed from the prior year.

Form 990, Part III, Line 4D - All Other Accomplishments

Education of students in Preschool through 8th grade.

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

Building Corporation Investment Income 46,617. Building Corporation Rental Income 1,215,350. Fun Run Event Expenses 9,390.

Part XI, Line 4B - Other Adjustments:

Transfer from Building Corporation 51,496.

Part XII, Line 2D - Other Adjustments:

Building Corporation Investment Account Fee 77,454. Building Corporation Interest Expense 905,350. Building Corporation Depreciation Expense 506,166. Fun Run Event Expense 9,390.

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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt079760
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0717838
IRS990/PensionPlanContributionsGrp/TotalAmt0797598
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0115248
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt06037
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt029859
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014576
IRS990/PrincipalOfficerNm0Jeremy Rickard
IRS990/PriorPeriodAdjustmentsAmt0-143669
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/Desc0Pupil Funding
IRS990/ProgramServiceRevenueGrp/Desc1Charges for Services
IRS990/ProgramServiceRevenueGrp/Desc2District Mill Levy
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06634839
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1578679
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2533637
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06634839
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1578679
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2533637
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0644288
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03854
IRS990/PYOtherExpensesAmt03593771
IRS990/PYOtherRevenueAmt024285
IRS990/PYProgramServiceRevenueAmt07572101
IRS990/PYRevenuesLessExpensesAmt0795742
IRS990/PYSalariesCompEmpBnftPaidAmt03855015
IRS990/PYTotalExpensesAmt07448786
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08244528
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0384382
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07804409
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03179518
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0102276
IRS990ScheduleD/BuildingsGrp/DepreciationAmt013453
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0115729
IRS990ScheduleD/EquipmentGrp/BookValueAmt070383
IRS990ScheduleD/EquipmentGrp/DepreciationAmt035964
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0106347
IRS990ScheduleD/ExpensesNotReportedAmt01498360
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08017231
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01373501
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows
IRS990ScheduleD/OtherExpensesIncludedAmt01498360
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0131105
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15795809
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2102834
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred Inflows
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Pension Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net OPEB Liabilities
IRS990ScheduleD/OtherRevenueAmt01271357
IRS990ScheduleD/OtherRevenuesNotIncludedAmt051496
IRS990ScheduleD/RevenueNotReportedAmt01271357
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt051496
IRS990ScheduleD/RevenueSubtotalAmt08350117
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Building Corporation Investment Income 46,617. Building Corporation Rental Income 1,215,350. Fun Run Event Expenses 9,390.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Transfer from Building Corporation 51,496.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Building Corporation Investment Account Fee 77,454. Building Corporation Interest Expense 905,350. Building Corporation Depreciation Expense 506,166. Fun Run Event Expense 9,390.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0172659
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01373501
IRS990ScheduleD/TotalExpensesPerForm990Amt08017231
IRS990ScheduleD/TotalLiabilityAmt06029748
IRS990ScheduleD/TotalRevenuePerForm990Amt08401613
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09621474
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09515591
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The policies are made available on the School's website and are distributed to students and parents during the registration process.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The School receives PPR funding and other grants from CDE and the local School District.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt069133
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt069133
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt09390
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Fun Run
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt069133
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt069133
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-9390
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt09390
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt09390
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 was reviewed by the Business Manager before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Financial information of the organization can be obtained by contacting the school.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The finance committee oversees audit services and selection of independent auditors. This has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Education of students in Preschool through 8th grade.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XII, Line 2c:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part III, Line 4d - All Other Accomplishments
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Grand Peak Academy
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Forest Meadows Building Corporation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0830907898
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Rental of facilities and equipment

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