Civic Intelligence

Westgate Community School

990 • Fiscal year 2023 • EIN 26-3020391

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 15, 2024

12500 Washington StreetThornton, CO 80241

(303) 452-0967

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.95x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

2.20x

Higher debt load relative to revenue than 89% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

36th percentile

-0.3%

Higher net margin than 36% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

44th percentile

$163,831

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

42nd percentile

3.7%

Faster asset growth than 42% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

57th percentile

9.2%

Faster revenue growth than 57% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$17,307,440

Up $612,108 (+3.7%) from 2022

Net Assets

Down

$788,876

Down $25,524 (-3.1%) from 2022

Liabilities

Up

$16,518,564

Up $637,632 (+4.0%) from 2022

Revenue

Up

$7,492,150

Up $630,907 (+9.2%) from 2022

Expenses

Up

$7,517,674

Up $2,140,287 (+40%) from 2022

Net Income

Down

-$25,524

Down $1,509,380 (-102%) from 2022

Historical Trend

Balance Sheet Trend

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

$20M$10M$0-$10MAssets 2020: $14,630,624Liabilities 2020: $17,200,157Net Assets 2020: -$2,569,5332020Assets 2021: $17,303,868Liabilities 2021: $17,973,327Net Assets 2021: -$669,4592021Assets 2022: $16,695,332Liabilities 2022: $15,880,932Net Assets 2022: $814,4002022Assets 2023: $17,307,440Liabilities 2023: $16,518,564Net Assets 2023: $788,8762023Assets 2024: $18,099,912Liabilities 2024: $17,513,344Net Assets 2024: $586,5682024Assets 2025: $19,373,714Liabilities 2025: $16,780,393Net Assets 2025: $2,593,3212025

Highlighted filing

2023

Assets$17,307,440
Liabilities$16,518,564
Net Assets$788,876

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2020: $5,609,536Expenses 2020: $5,026,917Net Income 2020: $582,6192020Revenue 2021: $6,410,502Expenses 2021: $4,510,428Net Income 2021: $1,900,0742021Revenue 2022: $6,861,243Expenses 2022: $5,377,387Net Income 2022: $1,483,8562022Revenue 2023: $7,492,150Expenses 2023: $7,517,674Net Income 2023: -$25,5242023Revenue 2024: $7,570,573Expenses 2024: $7,772,881Net Income 2024: -$202,3082024Revenue 2025: $9,841,880Expenses 2025: $7,835,127Net Income 2025: $2,006,7532025

Highlighted filing

2023

Revenue$7,492,150
Expenses$7,517,674
Net Income-$25,524
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 15, 2024
Return Version
2022v5.0
Gross Receipts
$7,492,150
Mission and Program Overview

Mission

Westgate community school is a small school of inovation that seeks to serve gifted students who would benefit from a creative, collaborative and less traditional educational environment.

At westgate community school, gifted education is provided to all students in a community that nutures the whole child, empowers students to be authentic,supports indivduals in reaching their own academic goals, develops stewardship for the environment, and inspires passion for serving the global community. Westgate community school is a community-centered, gifted k-12 school that embraces whole-child learning and serves all students by encouraging creativity, authenticity, inclusivity, collaboration, and academic excellence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,112,166$10,315,222▲ $203,056
Cash and Non-Interest-Bearing Accounts$4,239,310$3,964,833▼ $274,477
Rtn Earn Endowment Incm Other Fnds$814,400$788,876▼ $25,524
Prepaid Expenses and Deferred Charges$53,919$46,488▼ $7,431
Accounts Receivable$280,998$10,242▼ $270,756
Total Assets$16,695,332$17,307,440▲ $612,108
Other Assets Total$2,008,939$2,970,655▲ $961,716
Liabilities
Other Liabilities$7,711,587$8,660,582▲ $948,995
Mortgage Notes Payable Secured by Investment Property$8,124,652$7,844,768▼ $279,884
Accounts Payable and Accrued Expenses$26,826$13,017▼ $13,809
Deferred Revenue$17,867$197▼ $17,670
Total Liabilities$15,880,932$16,518,564▲ $637,632
Net Assets / Fund Balance
Total Net Assets Fund Balance$814,400$788,876▼ $25,524
Total Liabilities and Net Assets / Fund Balance$16,695,332$17,307,440▲ $612,108

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,330,794$1,157,568$5,488,362
Leasehold Improvements$3,144,193$599,560$3,743,753
Land$2,834,000-$2,834,000
Equipment$6,235$30,515$36,750
Other Assets Org$109,948--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sharon CollinsExecutive DiFT$163,831$163,831
Sharon CollinsExecutive Director-$163,831$163,831
Chelsea CrowDirector of FinanFT$114,288$114,288

Board Members and Trustees

NameTitle
Dan ObenhausPresident
Carrie HornBoard Member
Jeffrey HiltonBoard Member
Robin LarueBoard Member
Mario AcklinSecretary
Lauren RoybalTreasurer
Corey ArthurVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,225,275
Program Service Revenue
$6,149,395
Investment Income
$95,220
Other Revenue
$22,260
All Other Contributions
$40,778
Change in Net Assets
$-25,524

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,492,150
Total Revenue per Audited Statements
$7,492,150
Total Revenue per Form 990
$7,492,150
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,696,144
Other Expenses$1,821,530
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,108,906$1,144,063-$3,252,969
Pension Plan Contributions$1,456,313$691,370-$2,147,683
Occupancy-$331,771-$331,771
Depreciation Depletion-$297,211-$297,211
Other Employee Benefits$172,636$76,460-$249,096
All Other Expenses$71,154$104,487-$175,641
Interest-$92,566-$92,566
Insurance-$80,340-$80,340
Other Expenses$139,719$60,287-$60,287
Payroll Taxes$30,014$16,382-$46,396
Office Expenses-$30,815-$30,815
Travel$21,495$4,693-$26,188
Advertising-$12,762-$12,762
Fees for Services Accounting-$6,775-$6,775
Fees for Services Legal-$1,638-$1,638
Total Functional Expenses$4,356,578$3,161,096$0$7,517,674

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,517,674
Total Expenses per Audited Statements$7,517,674
Total Expenses per Form 990$7,517,674
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$7,454,541
Deferred Inflows Related to Pensions$511,502
Net Opeb Liability$254,027
Accrued Salaries and Benefits$219,816
Accrued Interest Payable$131,227
Deferred Inflows Related to Opeb$89,469
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
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

Form 990 was made availalbe to the board of directors for their review and approval prior to the executive director signing and filing the form.

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

The executive director and board of directors monitor any potential conflict of interests and seeks legal advice when necessary to resolve any potential conflicts of interest.

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

Annually, the board of directors meets in executive session to review the executive director's performance and compensation package.

Form 990, Page 6, Part VI, Line 19

Articles of incorporation and bylaws are on the school's website. The financial statements are available on the school's website. The form 990 tax return is also posted on the school's website.

Filing and Contact Details

Filer

Filer Name
Westgate Community School
EIN
26-3020391
Phone
3034520967
Address
12500 WASHINGTON STREET, THORNTON, CO 80241

Signing Officer

Name
Sharon Collins
Title
Executive Director
Phone
3034520967
Signed
2024-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Obenhaus
Formed
2009
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
7
Employees
83
Volunteers
163

Preparer

Firm
Prospective Business Solutions LLC
Address
26 W DRY CREEK CIRCLE SUITE 600, LITTLETON, CO 80120
Preparer
Uli Keeley
Phone
7202176601
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

At westgate community school, gifted education is provided to all students in a community that nutures the whole child, empowers students to be authentic,supports indivduals in reaching their own academic goals, develops stewardship for the environment, and inspires passion for serving the global community. Westgate community school is a community-centered, gifted k-12 school that embraces whole-child learning and serves all students by encouraging creativity, authenticity, inclusivity, collaboration, and academic excellence.

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IRS990/ProgramServiceRevenueGrp/Desc1MILL LEVY OVERRIDE
IRS990/ProgramServiceRevenueGrp/Desc2STUDENT ACTIVITIES AND FEES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1846374
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IRS990/PYProgramServiceRevenueAmt05192707
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IRS990/PYSalariesCompEmpBnftPaidAmt03008033
IRS990/PYTotalExpensesAmt05377387
IRS990/PYTotalRevenueAmt06861243
IRS990/ReconcilationRevenueExpnssAmt0-25524
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IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleD/EquipmentGrp/BookValueAmt06235
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030515
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt036750
IRS990ScheduleD/ExpensesSubtotalAmt07517674
IRS990ScheduleD/LandGrp/BookValueAmt02834000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02834000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03144193
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0599560
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03743753
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01824644
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1751791
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2284272
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3109948
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED CASH
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM DISTRICT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DEFERRED OUTFLOWS RELATED TO OPEB
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS RELATED TO PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NET OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED SALARIES AND BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5DEFERRED INFLOWS RELATED TO OPEB
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt02970655
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IRS990ScheduleD/TotalLiabilityAmt08660582
IRS990ScheduleD/TotalRevenuePerForm990Amt07492150
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL RECEIVES THE MAJORITY OF ITS FUNDING IN FORM OF PER PUPIL REVENUE FROM THE SCHOOL'S CHARTERING DISTRICT. THE SCHOOL ALSO RECEIVES FEDERAL AND STATE GRANT FUNDING FROM THE COLORADO DEPARTMENT OF EDUCATION PASSED THROUGH ITS CHARTERING DISTRICT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 6
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SHARON COLLINS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AT WESTGATE COMMUNITY SCHOOL, GIFTED EDUCATION IS PROVIDED TO ALL STUDENTS IN A COMMUNITY THAT NUTURES THE WHOLE CHILD, EMPOWERS STUDENTS TO BE AUTHENTIC,SUPPORTS INDIVDUALS IN REACHING THEIR OWN ACADEMIC GOALS, DEVELOPS STEWARDSHIP FOR THE ENVIRONMENT, AND INSPIRES PASSION FOR SERVING THE GLOBAL COMMUNITY. WESTGATE COMMUNITY SCHOOL IS A COMMUNITY-CENTERED, GIFTED K-12 SCHOOL THAT EMBRACES WHOLE-CHILD LEARNING AND SERVES ALL STUDENTS BY ENCOURAGING CREATIVITY, AUTHENTICITY, INCLUSIVITY, COLLABORATION, AND ACADEMIC EXCELLENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WAS MADE AVAILALBE TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO THE EXECUTIVE DIRECTOR SIGNING AND FILING THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS MONITOR ANY POTENTIAL CONFLICT OF INTERESTS AND SEEKS LEGAL ADVICE WHEN NECESSARY TO RESOLVE ANY POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUALLY, THE BOARD OF DIRECTORS MEETS IN EXECUTIVE SESSION TO REVIEW THE EXECUTIVE DIRECTOR'S PERFORMANCE AND COMPENSATION PACKAGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ARTICLES OF INCORPORATION AND BYLAWS ARE ON THE SCHOOL'S WEBSITE. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE SCHOOL'S WEBSITE. THE FORM 990 TAX RETURN IS ALSO POSTED ON THE SCHOOL'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalProgramServiceRevenueAmt06149395
IRS990/TotalReportableCompFromOrgAmt0278119
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06266875

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