Civic Intelligence

Grand Peak Academy

990 • Fiscal year 2024 • EIN 26-1845671

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 29, 2024

Organization Profilewww.grandpeakacademy.org
7036 Cowpoke RoadColorado Springs, CO 80908

(719) 495-7360

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.98x

Higher debt load relative to assets than 93% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.83x

Higher debt load relative to revenue than 82% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

61st percentile

9.7%

Higher net margin than 61% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

86th percentile

31%

Faster asset growth than 86% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

17%

Faster revenue growth than 64% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$6,928,202

Up $1,627,551 (+31%) from 2023

Net Assets

Up

$125,545

Up $795,742 (+119%) from 2023

Liabilities

Up

$6,802,657

Up $831,809 (+14%) from 2023

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin61st percentile

Revenue

Up

$8,244,528

Up $1,204,625 (+17%) from 2023

Expenses

Up

$7,448,786

Up $1,279,183 (+21%) from 2023

Net Income

Down

$795,742

Down $74,558 (-8.6%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$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

2024

Assets$6,928,202
Liabilities$6,802,657
Net Assets$125,545
Open 2024 Filing

Operations Trend

Revenue Growth64th percentile

Revenue, expenses, and net income across loaded years, with this 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

2024

Revenue$8,244,528
Expenses$7,448,786
Net Income$795,742
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 29, 2024
Return Version
2023v5.1
Gross Receipts
$8,273,486
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
Cash and Non-Interest-Bearing Accounts$3,616,844$4,629,080▲ $1,012,236
Land, Buildings, and Equipment, Net$160,891$161,701▲ $810
Pledges and Grants Receivable$30,224$115,248▲ $85,024
Prepaid Expenses and Deferred Charges$53,141$29,859▼ $23,282
Accounts Receivable$280,798$5,138▼ $275,660
Total Assets$5,300,651$6,928,202▲ $1,627,551
Other Assets Total$1,158,753$1,987,176▲ $828,423
Liabilities
Other Liabilities$5,855,596$6,516,937▲ $661,341
Accounts Payable and Accrued Expenses$115,252$282,220▲ $166,968
Deferred Revenue-$3,500-
Total Liabilities$5,970,848$6,802,657▲ $831,809
Net Assets / Fund Balance
Net Assets With Donor Restrictions$242,000$242,000→ $0
Net Assets Without Donor Restrictions$-912,197$-116,455▲ $795,742
Total Net Assets Fund Balance$-670,197$125,545▲ $795,742
Total Liabilities and Net Assets / Fund Balance$5,300,651$6,928,202▲ $1,627,551

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$108,562$7,167$115,729
Equipment$53,139$18,993$72,132
Other Assets Org$1,987,176--
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Christopher DempseyPresident
Brandon HenryVice President
Anthony HallBoard Member
Jeremy RickardSecretary
Jennifer ReishusTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$644,288
Program Service Revenue
$7,572,101
Investment Income
$3,854
Other Revenue
$24,285
All Other Contributions
$17,427
Change in Net Assets
$795,742

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,208,050
Revenue Not Reported on Financial Statements
$36,478
Revenue Not Reported on Form 990
$1,303,171
Other Revenue Adjustments
$36,478
Total Revenue per Audited Statements
$9,511,221
Total Revenue per Form 990
$8,244,528
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,855,015
Other Expenses$3,593,771
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,540,278$282,253-$2,822,531
Occupancy$1,354,637$239,054-$1,593,691
Pension Plan Contributions$543,461$60,385-$603,846
Other Employee Benefits$328,520$36,502-$365,022
Fees for Services Legal-$94,031-$94,031
Information Technology$78,413$13,838-$92,251
Payroll Taxes$57,254$6,362-$63,616
Insurance$35,806$6,319-$42,125
Other Expenses$18,992$3,351-$22,343
Depreciation Depletion$15,793$2,787-$18,580
Advertising$12,387$2,186-$14,573
Fees for Services Accounting-$12,175-$12,175
All Other Expenses$5,703$1,006-$6,709
Fees for Services Other-$2,862-$2,862
Office Expenses$680$120-$800
Total Functional Expenses$6,483,693$965,093$0$7,448,786

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,913,914
Expenses per Audited Statements$7,448,786
Total Expenses per Form 990$7,448,786
Expenses Not Reported on Form 990$1,465,128
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$28,958
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fun Run$64,779-$26,453-
Total Events$64,779-$28,958$-28,958
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$5,933,010
Deferred Inflows$440,669
Net OPEB Liabilities$143,258
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
Chris Dempsey
Title
President
Phone
7194957360
Signed
2024-10-29
Discuss with paid preparer
No

Organization Details

Principal Officer
Chris Dempsey
Formed
2008
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
5
Employees
66
Volunteers
250

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 53,863. Building Corporation Rental Income 1,220,350. Fun Run Event Expenses 28,958.”

Part XI, Line 4B - Other Adjustments:

“Transfer from Building Corporation 36,478.”

Part XII, Line 2D - Other Adjustments:

“Building Corporation Investment Account Fee 2,472. Building Corporation Interest Expense 920,350. Building Corporation Depreciation Expense 513,348. Fun Run Event Expense 28,958.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1589889
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2495482
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0591833
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt016740
IRS990/PYOtherExpensesAmt03156979
IRS990/PYOtherRevenueAmt0234372
IRS990/PYProgramServiceRevenueAmt06196958
IRS990/PYRevenuesLessExpensesAmt0870300
IRS990/PYSalariesCompEmpBnftPaidAmt03012624
IRS990/PYTotalExpensesAmt06169603
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07039903
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0795742
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07625344
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0108562
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07167
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0115729
IRS990ScheduleD/EquipmentGrp/BookValueAmt053139
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018993
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt072132
IRS990ScheduleD/ExpensesNotReportedAmt01465128
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07448786
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01987176
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows
IRS990ScheduleD/OtherExpensesIncludedAmt01465128
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0440669
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15933010
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2143258
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred Inflows
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Pension Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net OPEB Liabilities
IRS990ScheduleD/OtherRevenueAmt01303171
IRS990ScheduleD/OtherRevenuesNotIncludedAmt036478
IRS990ScheduleD/RevenueNotReportedAmt01303171
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt036478
IRS990ScheduleD/RevenueSubtotalAmt08208050
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Building Corporation Investment Income 53,863. Building Corporation Rental Income 1,220,350. Fun Run Event Expenses 28,958.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Transfer from Building Corporation 36,478.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Building Corporation Investment Account Fee 2,472. Building Corporation Interest Expense 920,350. Building Corporation Depreciation Expense 513,348. Fun Run Event Expense 28,958.
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/TotalBookValueLandBuildingsAmt0161701
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01987176
IRS990ScheduleD/TotalExpensesPerForm990Amt07448786
IRS990ScheduleD/TotalLiabilityAmt06516937
IRS990ScheduleD/TotalRevenuePerForm990Amt08244528
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09511221
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08913914
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/CharitableContributionsTotAmt064779
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt064779
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt028958
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0407
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0407
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Fun Run
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0326
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0326
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt064779
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt064779
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-28958
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt01772
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt01772
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt026453
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt026453
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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 12b, II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt06464 Peterson Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Colorado Springs
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd080923
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01220350
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt136478

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,928,202
Liabilities
$6,802,657
Net assets
$125,545
Revenue
$8,244,528
Expenses
$7,448,786
Net income
$795,742
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.83$6.46$0.37$8.40$8.02$0.38
2024Detailed filing. Detailed filing data is available for this year.$6.93$6.80$0.13$8.24$7.45$0.80
2023Detailed filing. Detailed filing data is available for this year.$5.30$5.97$0.67$7.04$6.17$0.87
2022Detailed filing. Detailed filing data is available for this year.$4.31$6.11$1.80$6.87$4.73$2.14
2021Detailed filing. Detailed filing data is available for this year.$4.04$7.98$3.94$6.64$4.27$2.36