Civic Intelligence

Academy for Advanced and Creative Learning

990 • Fiscal year 2017 • EIN 26-3823113

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 05, 2017

Organization Profilewww.academyacl.org
2510 N Chestnut StreetColorado Springs, CO 80907

(719) 434-6566

Siviq Scores

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

Liabilities / Assets

97th percentile

1.58x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

3.04x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

8th percentile

-39%

Higher net margin than 8% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

96th percentile

124%

Faster asset growth than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

32nd percentile

-2.2%

Faster revenue growth than 32% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$4,554,981

Up $2,517,852 (+124%) from 2016

Net Assets

Down

-$2,652,308

Down $899,338 (-51%) from 2016

Liabilities

Up

$7,207,289

Up $3,417,190 (+90%) from 2016

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin8th percentile

Revenue

Down

$2,367,461

Down $53,329 (-2.2%) from 2016

Expenses

Up

$3,298,137

Up $1,099,125 (+50%) from 2016

Net Income

Down

-$930,676

Down $1,152,454 (-520%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$10M$5.0M$0-$5.0MAssets 2011: $303,405Liabilities 2011: $103,597Net Assets 2011: $199,8082011Assets 2012: $437,636Liabilities 2012: $92,564Net Assets 2012: $345,0722012Assets 2013: $704,004Liabilities 2013: $102,725Net Assets 2013: $601,2792013Assets 2014: $896,872Liabilities 2014: $97,302Net Assets 2014: $799,5702014Assets 2015: $1,077,616Liabilities 2015: $3,272,282Net Assets 2015: -$2,194,6662015Assets 2016: $2,037,129Liabilities 2016: $3,790,099Net Assets 2016: -$1,752,9702016Assets 2017: $4,554,981Liabilities 2017: $7,207,289Net Assets 2017: -$2,652,3082017Assets 2018: $4,948,827Liabilities 2018: $8,336,720Net Assets 2018: -$3,387,8932018Assets 2019: $4,859,295Liabilities 2019: $6,886,456Net Assets 2019: -$2,027,1612019Assets 2020: $4,968,695Liabilities 2020: $5,750,869Net Assets 2020: -$782,1742020Assets 2021: $5,392,947Liabilities 2021: $5,059,927Net Assets 2021: $333,0202021Assets 2022: $5,750,291Liabilities 2022: $3,798,359Net Assets 2022: $1,951,9322022Assets 2023: $6,613,684Liabilities 2023: $4,154,601Net Assets 2023: $2,459,0832023Assets 2024: $7,414,220Liabilities 2024: $4,787,679Net Assets 2024: $2,626,5412024Assets 2025: $7,486,213Liabilities 2025: $4,592,875Net Assets 2025: $2,893,3382025

Highlighted filing

2017

Assets$4,554,981
Liabilities$7,207,289
Net Assets-$2,652,308
Open 2017 Filing

Operations Trend

Revenue Growth32nd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,377,9392011Expenses 2012: $1,748,2672012Expenses 2013: $1,645,5702013Revenue 2014: $2,012,978Expenses 2014: $1,814,687Net Income 2014: $198,2912014Revenue 2015: $2,179,738Expenses 2015: $2,349,142Net Income 2015: -$169,4042015Revenue 2016: $2,420,790Expenses 2016: $2,199,012Net Income 2016: $221,7782016Revenue 2017: $2,367,461Expenses 2017: $3,298,137Net Income 2017: -$930,6762017Revenue 2018: $3,066,651Expenses 2018: $3,632,099Net Income 2018: -$565,4482018Revenue 2019: $3,370,443Expenses 2019: $2,009,711Net Income 2019: $1,360,7322019Revenue 2020: $3,302,052Expenses 2020: $2,057,065Net Income 2020: $1,244,9872020Revenue 2021: $3,287,754Expenses 2021: $2,172,560Net Income 2021: $1,115,1942021Revenue 2022: $4,049,918Expenses 2022: $2,431,006Net Income 2022: $1,618,9122022Revenue 2023: $4,143,866Expenses 2023: $3,636,715Net Income 2023: $507,1512023Revenue 2024: $4,455,203Expenses 2024: $4,287,745Net Income 2024: $167,4582024Revenue 2025: $4,803,148Expenses 2025: $4,487,411Net Income 2025: $315,7372025

Highlighted filing

2017

Revenue$2,367,461
Expenses$3,298,137
Net Income-$930,676
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 5, 2017
Return Version
2016v3.0
Gross Receipts
$2,378,844
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$704,438$705,794▲ $1,356
Cash and Non-Interest-Bearing Accounts$416,058$678,120▲ $262,062
Prepaid Expenses and Deferred Charges$603,813--
Land, Buildings, and Equipment, Net$304,568$305,633▲ $1,065
Accounts Receivable$8,252--
Total Assets$2,037,129$4,554,981▲ $2,517,852
Other Assets Total$0$2,865,434▲ $2,865,434
Liabilities
Other Liabilities$3,627,033$7,125,298▲ $3,498,265
Accounts Payable and Accrued Expenses$111,659$81,991▼ $29,668
Deferred Revenue$51,407--
Total Liabilities$3,790,099$7,207,289▲ $3,417,190
Net Assets / Fund Balance
Temporarily Rstr Net Assets$71,100$71,100→ $0
Unrestricted Net Assets$-2,045,848$-2,723,408▼ $677,560
Total Net Assets Fund Balance$-1,752,970$-2,652,308▼ $899,338
Total Liabilities and Net Assets / Fund Balance$2,037,129$4,554,981▲ $2,517,852

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$272,311$20,658$292,969
Equipment$33,322$258,808$292,130
Other Assets Org$8,252--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephani N MyersAcademy DirectorFT$74,256$14,220$88,476

Board Members and Trustees

NameTitle
John MrazekPresident
Sarah MuroVice President
Ann O'BrienDirector
Joan RodaDirector
Ron MartinDirector
Cisco MontezSecretary
Jason LachanceTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$159,501
Program Service Revenue
$2,191,417
Investment Income
$1,647
Other Revenue
$14,896
All Other Contributions
$74,095
Change in Net Assets
$-930,676

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,367,461
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$11,382
Total Revenue per Audited Statements
$2,378,843
Total Revenue per Form 990
$2,367,461
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,707,884
Other Expenses$590,253
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Pension Plan Contributions$1,204,464$235,927-$1,440,391
Other Salaries and Wages$910,234$160,630-$1,070,864
Current Officers, Directors, Trustees, and Key Employees$66,357$22,119-$88,476
Other Employee Benefits$71,477$14,001-$85,478
Other Expenses$38,690$8,627-$38,690
All Other Expenses$23,510$2,224-$25,734
Payroll Taxes$18,961$3,714-$22,675
Royalties$17,730$3,129-$20,859
Information Technology$16,595$2,929-$19,524
Insurance$11,757$2,075-$13,832
Depreciation Depletion$11,046$1,949-$12,995
Fees for Services Accounting-$8,200-$8,200
Advertising$5,267$930-$6,197
Office Expenses$2,627$464-$3,091
Fees for Services Other-$3,032-$3,032
Fees for Services Legal-$1,743-$1,743
Interest$55$10-$65
Total Functional Expenses$2,769,617$528,520$0$3,298,137

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,309,519
Expenses per Audited Statements$3,298,137
Total Expenses per Form 990$3,298,137
Expenses Not Reported on Form 990$11,382
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 Gross Income$26,279
Fundraising Direct Expenses$11,383
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Readathon$26,279$26,279$11,382$14,897
Total Events$26,279$26,279$11,382$14,897
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$7,092,445
Deferred Inflows of Resources$32,853
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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, Part VI, Section A, line 6

“Parents of students at Academy for Advanced and Creative Learning are members for purposes of the 990.”

Form 990, Part VI, Section A, line 7A

“The parents of students at AACL can elect up to three representatives to serve on the governing board.”

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

“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.”

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

“The board and officers are required to disclosed 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.”

Form 990, Part VI, Section B, line 15A

“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, Part VI, Section C, line 18

“Form 990 is made available to the public upon request.”

Form 990, Part VI, Section C, line 19

“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.”

Filing and Contact Details

Filer

Filer Name
Academy for Advanced and Creative
EIN
26-3823113
Phone
7194346566
Address
2510 N Chestnut Street, Colorado Springs, CO 80907

Signing Officer

Name
Jason Lachance
Title
Treasurer
Phone
7194346566
Signed
2017-10-05
Discuss with paid preparer
No

Organization Details

Principal Officer
Jason Lachance
Formed
2008
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
69
Volunteers
128

Preparer

Firm
Hoelting & Company Inc
Address
31 E Platte Ave Ste 300, Colorado Springs, CO 80903
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.”

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

“Direct fundraising expenses 11,382.”

Part XII, Line 2D - Other Adjustments:

“Direct fundraising expenses 11,382.”

Raw XML AppendixShowing 400 of 464 raw XML fields

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/Desc0Academy 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 296 students during the 2016-2017 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/OtherExpensesGrp/Desc2Supplies
IRS990/OtherExpensesGrp/Desc3Instructional Supplies
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt033400
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt123417
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt28627
IRS990/OtherExpensesGrp/ProgramServicesAmt0189264
IRS990/OtherExpensesGrp/ProgramServicesAmt1132699
IRS990/OtherExpensesGrp/ProgramServicesAmt248884
IRS990/OtherExpensesGrp/ProgramServicesAmt338690
IRS990/OtherExpensesGrp/TotalAmt0222664
IRS990/OtherExpensesGrp/TotalAmt1156116
IRS990/OtherExpensesGrp/TotalAmt257511
IRS990/OtherExpensesGrp/TotalAmt338690
IRS990/OtherLiabilitiesGrp/BOYAmt03627033
IRS990/OtherLiabilitiesGrp/EOYAmt07125298
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0160630
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0910234
IRS990/OtherSalariesAndWagesGrp/TotalAmt01070864
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03714
IRS990/PayrollTaxesGrp/ProgramServicesAmt018961
IRS990/PayrollTaxesGrp/TotalAmt022675
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0235927
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01204464
IRS990/PensionPlanContributionsGrp/TotalAmt01440391
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0603813
IRS990/PrincipalOfficerNm0Jason Lachance
IRS990/PriorPeriodAdjustmentsAmt031338
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/Desc0Per Pupil Revenue
IRS990/ProgramServiceRevenueGrp/Desc1Kindgarten Tuition
IRS990/ProgramServiceRevenueGrp/Desc2Other Program Services
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02140632
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt142950
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt27835
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02140632
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt142950
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt27835
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0162319
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01391
IRS990/PYOtherExpensesAmt0614968
IRS990/PYOtherRevenueAmt06298
IRS990/PYProgramServiceRevenueAmt02250782
IRS990/PYRevenuesLessExpensesAmt0221778
IRS990/PYSalariesCompEmpBnftPaidAmt01584044
IRS990/PYTotalExpensesAmt02199012
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02420790
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-930676
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02191417
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt03129
IRS990/RoyaltiesGrp/ProgramServicesAmt017730
IRS990/RoyaltiesGrp/TotalAmt020859
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0704438
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0705794
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0272311
IRS990ScheduleD/BuildingsGrp/DepreciationAmt020658
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0292969
IRS990ScheduleD/EquipmentGrp/BookValueAmt033322
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0258808
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0292130
IRS990ScheduleD/ExpensesNotReportedAmt011382
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03298137
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt025115
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12832067
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt28252
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Construction in Progress
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Deposits
IRS990ScheduleD/OtherExpensesIncludedAmt011382
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07092445
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt132853
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflows of Resources
IRS990ScheduleD/OtherRevenueAmt011382
IRS990ScheduleD/RevenueNotReportedAmt011382
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02367461
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Direct fundraising expenses 11,382.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Direct fundraising expenses 11,382.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0305633
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02865434
IRS990ScheduleD/TotalExpensesPerForm990Amt03298137
IRS990ScheduleD/TotalLiabilityAmt07125298
IRS990ScheduleD/TotalRevenuePerForm990Amt02367461
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02378843
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03309519
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/ExplanationTxt0Section 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/ExplanationTxt1The school received grants from the Colorado Department of Education for charter school for instructional expenditures.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt011382
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Readathon
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt026279
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt026279
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt026279
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt026279
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt014897
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt011382
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt011382
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Parents of students at Academy for Advanced and Creative Learning are members for purposes of the 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The parents of students at AACL can elect up to three representatives to serve on the governing board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 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/ExplanationTxt3The board and officers are required to disclosed 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/ExplanationTxt4A 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/ExplanationTxt5Form 990 is made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Governing 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/ExplanationTxt7The finance committee oversees audit services and selection of independent auditors. This has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt071100
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt071100
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02037129
IRS990/TotalAssetsEOYAmt04554981
IRS990/TotalAssetsGrp/BOYAmt02037129
IRS990/TotalAssetsGrp/EOYAmt04554981
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0159501
IRS990/TotalEmployeeCnt069
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0528520
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02769617
IRS990/TotalFunctionalExpensesGrp/TotalAmt03298137
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03790099
IRS990/TotalLiabilitiesEOYAmt07207289

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,554,981
Liabilities
$7,207,289
Net assets
-$2,652,308
Revenue
$2,367,461
Expenses
$3,298,137
Net income
-$930,676
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.49$4.59$2.89$4.80$4.49$0.32
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.41$4.79$2.63$4.46$4.29$0.17
2023Detailed filing. Detailed filing data is available for this year.$6.61$4.15$2.46$4.14$3.64$0.51
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.75$3.80$1.95$4.05$2.43$1.62
2021Detailed filing. Detailed filing data is available for this year.$5.39$5.06$0.33$3.29$2.17$1.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.97$5.75$0.78$3.30$2.06$1.24
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.86$6.89$2.03$3.37$2.01$1.36
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.95$8.34$3.39$3.07$3.63$0.57
2017Detailed filing. Detailed filing data is available for this year.$4.55$7.21$2.65$2.37$3.30$0.93
2016Detailed filing. Detailed filing data is available for this year.$2.04$3.79$1.75$2.42$2.20$0.22
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.08$3.27$2.19$2.18$2.35$0.17
2014Detailed filing. Detailed filing data is available for this year.$0.90$0.10$0.80$2.01$1.81$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.10$0.60$1.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.09$0.35$1.75
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.10$0.20$1.38