Form 990, Part VI, Section A, line 6
“Parents of students at Academy for Advanced and Creative Learning are members for purposes of the 990.”
990 • Fiscal year 2018 • EIN 26-3823113
Scores are not available for this record yet.
Assets
Up$4,948,827
Up $393,846 (+8.6%) from 2017
Net Assets
Down-$3,387,893
Down $735,585 (-28%) from 2017
Liabilities
Up$8,336,720
Up $1,129,431 (+16%) from 2017
Revenue
Up$3,066,651
Up $699,190 (+30%) from 2017
Expenses
Up$3,632,099
Up $333,962 (+10%) from 2017
Net Income
Up-$565,448
Up $365,228 (+39%) from 2017
Our students and staff will investigate ideas and master advanced content, reflect upon their own progress, explore connections between disciplines, and lead others in positive ways to new heights in achievement and service to the community.
Academy for Advanced and Creative Learning (AACL) is a K-8 open enrollment charter school authorized by D-11 Colorado Springs. AACL specializes in advanced learners and serves students who are gifted.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $678,120 | $1,397,652 | ▲ $719,532 |
| Savings and Temporary Cash Investments | $705,794 | $707,523 | ▲ $1,729 |
| Land, Buildings, and Equipment, Net | $305,633 | $360,911 | ▲ $55,278 |
| Total Assets | $4,554,981 | $4,948,827 | ▲ $393,846 |
| Other Assets Total | $2,865,434 | $2,482,741 | ▼ $382,693 |
| Liabilities | |||
| Other Liabilities | $7,125,298 | $8,248,823 | ▲ $1,123,525 |
| Accounts Payable and Accrued Expenses | $81,991 | $87,897 | ▲ $5,906 |
| Total Liabilities | $7,207,289 | $8,336,720 | ▲ $1,129,431 |
| Net Assets / Fund Balance | |||
| Temporarily Rstr Net Assets | $71,100 | $91,300 | ▲ $20,200 |
| Unrestricted Net Assets | $-2,723,408 | $-3,479,193 | ▼ $755,785 |
| Total Net Assets Fund Balance | $-2,652,308 | $-3,387,893 | ▼ $735,585 |
| Total Liabilities and Net Assets / Fund Balance | $4,554,981 | $4,948,827 | ▲ $393,846 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $96,112 | $272,984 | $369,096 |
| Buildings | $264,799 | $28,170 | $292,969 |
| Other Assets Org | $2,291,897 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Stephani N Myers | Academy Director | FT | $75,000 | $15,113 | $90,113 |
| Name | Title |
|---|---|
| Sarah Muro | President |
| Joan Roda | Vice President |
| Amber Moro | Director |
| Paul Wiggins | Director |
| Cisco Montes | Secretary |
| Jason Lachance | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $3,073,847 |
| Other Expenses | $558,252 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Pension Plan Contributions | $1,438,694 | $268,329 | - | $1,707,023 |
| Other Salaries and Wages | $988,533 | $174,447 | - | $1,162,980 |
| Other Employee Benefits | $79,696 | $14,864 | - | $94,560 |
| Current Officers, Directors, Trustees, and Key Employees | $67,585 | $22,528 | - | $90,113 |
| Other Expenses | $36,401 | $6,424 | - | $42,825 |
| All Other Expenses | $38,149 | $2,483 | - | $40,632 |
| Occupancy | $32,629 | $5,758 | - | $38,387 |
| Information Technology | $16,563 | $2,923 | - | $19,486 |
| Payroll Taxes | $16,157 | $3,014 | - | $19,171 |
| Depreciation Depletion | $12,050 | $2,126 | - | $14,176 |
| Insurance | $11,237 | $1,983 | - | $13,220 |
| Fees for Services Accounting | - | $8,500 | - | $8,500 |
| Office Expenses | $5,468 | $965 | - | $6,433 |
| Advertising | $4,785 | $845 | - | $5,630 |
| Fees for Services Legal | - | $1,830 | - | $1,830 |
| Total Functional Expenses | $3,067,493 | $564,606 | $0 | $3,632,099 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $3,632,099 |
| Total Expenses per Audited Statements | $3,632,099 |
| Total Expenses per Form 990 | $3,632,099 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Net Pension Liabilities | $7,742,717 |
| Deferred Inflows of Resources | $329,298 |
| Net OPEB Liability | $176,808 |
“Parents of students at Academy for Advanced and Creative Learning are members for purposes of the 990.”
“The parents of students at AACL can elect up to three representatives to serve on the governing board.”
“Form 990 is reviewed by the Finance Committee and made available to the board before filing. The board is presented the 990 at a board meeting, which may occur after the return is filed.”
“The board and officers are required to disclose any potential conflicts of interest as defined by the School's policy and in accordance with District 11 policies. Any potential conflict is brought to the board for resolution and if a conflict is determined to exist the involved person is recused from the meeting and may not vote on the matter.”
“A committee of the board conducted the recruitment and recommendation of hiring of the Academy Director. Compensation was based on an informal survey of the compensation of other charter schools. Official actions are documented in the board minutes.”
“Form 990 is made available to the public upon request.”
“Governing documents, conflict of interest policy and financial statements are available upon request. Certain information is available on the School's website in compliance with the Financial Transparency Act.”
“The finance committee oversees audit services and selection of independent auditors. This has not changed from the prior year.”
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/ActivityOrMissionDesc | 0 | Academy for Advanced and Creative Learning (AACL) is a K-8 open enrollment charter school authorized by D-11 Colorado Springs. AACL specializes in advanced learners and serves students who are gifted. |
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| IRS990/Desc | 0 | Academy for Advanced and Creative Learning (AACL) is a K-8 open-enrollment charter school that is authorized by District 11 Colorado Springs. AACL specializes in advanced learners and serves students who are gifted, advanced, creative, and twice-exceptional. The school served 301 students during the 2017-2018 fiscal year. Students include those living within District 11 and also students coming from outside the District within the Pikes Peak Region. |
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| IRS990/MissionDesc | 0 | Our students and staff will investigate ideas and master advanced content, reflect upon their own progress, explore connections between disciplines, and lead others in positive ways to new heights in achievement and service to the community. |
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| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 2291897 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Construction in Progress |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | Deferred Outflows of Resources |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 7742717 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 176808 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Deferred Inflows of Resources |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | Net Pension Liabilities |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | Net OPEB Liability |
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| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | 1 |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | 1 |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | 0 |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | 1 |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | 1 |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | 1 |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | 1 |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | 1 |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | Section 5.3 of the charter contract requires a racially nondiscriminatory policy which the school has and follows. Forms and information utilized during enrollment period include a written statement regarding the policy. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | The school received grants from the Colorado Department of Education for charter school for instructional expenditures. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule E, Part I, Line 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Schedule E, Part I, Line 6 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Parents of students at Academy for Advanced and Creative Learning are members for purposes of the 990. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The parents of students at AACL can elect up to three representatives to serve on the governing board. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Form 990 is reviewed by the Finance Committee and made available to the board before filing. The board is presented the 990 at a board meeting, which may occur after the return is filed. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | The board and officers are required to disclose any potential conflicts of interest as defined by the School's policy and in accordance with District 11 policies. Any potential conflict is brought to the board for resolution and if a conflict is determined to exist the involved person is recused from the meeting and may not vote on the matter. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | A committee of the board conducted the recruitment and recommendation of hiring of the Academy Director. Compensation was based on an informal survey of the compensation of other charter schools. Official actions are documented in the board minutes. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Form 990 is made available to the public upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Governing documents, conflict of interest policy and financial statements are available upon request. Certain information is available on the School's website in compliance with the Financial Transparency Act. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | The finance committee oversees audit services and selection of independent auditors. This has not changed from the prior year. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section A, line 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section A, line 7a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section B, line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section B, line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Section C, line 18 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part VI, Section C, line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990, Part XII, Line 2c: |
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| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
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| IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt | 0 | 91300 |
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| IRS990/TerminateOperationsInd | 0 | 0 |
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| IRS990/TotalAssetsGrp/BOYAmt | 0 | 4554981 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 4948827 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 179532 |
| IRS990/TotalEmployeeCnt | 0 | 68 |
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| IRS990/TotalGrossUBIAmt | 0 | 0 |
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| IRS990/TotalLiabilitiesEOYAmt | 0 | 8336720 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 7207289 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 8336720 |
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| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | -3387893 |
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| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 316 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 4554981 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 4948827 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | -2723408 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | -3479193 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 2510 N Chestnut St |
| IRS990/USAddress/CityNm | 0 | Colorado Springs |
| IRS990/USAddress/StateAbbreviationCd | 0 | CO |
| IRS990/USAddress/ZIPCd | 0 | 80907 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | www.academyacl.org |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 0 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Jason Lachance |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7194346566 |
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Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.