Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
2.16x
Liabilities / Revenue
90th percentile
Higher debt load relative to revenue than 90% of similar nonprofits.
Net Margin
37th percentile
Higher net margin than 37% of similar nonprofits.
Top Officer Pay
47th percentile
Higher top officer pay than 47% of similar nonprofits.
Top officer pay equals 1.2% of source-year revenue.
Asset Growth
90th percentile
Faster asset growth than 90% of similar nonprofits.
Revenue Growth
46th percentile
Faster revenue growth than 46% of similar nonprofits.
Balance Sheet
Assets
Up$8,682,012
Up $3,051,712 (+54%) from 2020
Net Assets
Up-$10,084,789
Up $4,002,551 (+28%) from 2020
Liabilities
Down$18,766,801
Down $950,839 (-4.8%) from 2020
Revenue And Expenses
Revenue
Up$9,349,808
Up $747,102 (+8.7%) from 2020
Expenses
Up$8,770,550
Up $872,963 (+11%) from 2020
Net Income
Down$579,258
Down $125,861 (-18%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2020 to Jun 30, 2021
- Signed
- May 6, 2022
- Return Version
- 2020v4.2
- Gross Receipts
- $9,349,808
Mission and Program Overview
Mission
See Schedule OThe mission of Monument Academy is to provide a challenging, content-rich, academic program offered within an engaging, caring, and positive learning environment. Established on a solid foundation of knowledge, Monument Academy emphasizes academic excellence, respect, responsibility, character and exemplary citizenship.
The mission of monument academy is to provide a rigorous, content-rich academic program.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $2,498,585 | $2,518,759 | ▲ $20,174 |
| Land, Buildings, and Equipment, Net | $323,770 | $1,129,860 | ▲ $806,090 |
| Cash and Non-Interest-Bearing Accounts | $1,317,077 | $791,966 | ▼ $525,111 |
| Rtn Earn Endowment Incm Other Fnds | $248,352 | $355,321 | ▲ $106,969 |
| Accounts Receivable | $82,174 | $221,881 | ▲ $139,707 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $-14,335,692 | $-10,440,110 | ▲ $3,895,582 |
| Total Assets | $5,630,300 | $8,682,012 | ▲ $3,051,712 |
| Other Assets Total | $1,408,694 | $4,019,546 | ▲ $2,610,852 |
| Liabilities | |||
| Other Liabilities | $18,663,220 | $17,932,256 | ▼ $730,964 |
| Accounts Payable and Accrued Expenses | $713,572 | $783,165 | ▲ $69,593 |
| Deferred Revenue | $340,848 | $51,380 | ▼ $289,468 |
| Total Liabilities | $19,717,640 | $18,766,801 | ▼ $950,839 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $-14,087,340 | $-10,084,789 | ▲ $4,002,551 |
| Total Liabilities and Net Assets / Fund Balance | $5,630,300 | $8,682,012 | ▲ $3,051,712 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $827,604 | $75,165 | $902,769 |
| Buildings | $278,307 | $363,028 | $641,335 |
| Other Land Buildings | $23,949 | $2,661 | $26,610 |
| Other Assets Org | $56,056 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Charles Richardson | Elementary Pricipal | FT | $88,974 | $23,165 | $112,139 |
| Christianna Herrera | Chief Operating Officer | PT | $91,200 | $18,776 | $109,976 |
| Marc Brocklehurst | Chief Financial Officer | FT | $73,002 | $21,343 | $94,345 |
Board Members and Trustees
| Name | Title |
|---|---|
| Melanie Strop | President |
| Megghan St Aubyn | Vice President |
| Chris Dole | Member at Large |
| Misty Mccuen | Secretary |
| Ryan Graham | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $8,736,895
- Program Service Revenue
- $583,520
- Investment Income
- $20,645
- Other Revenue
- $8,748
- All Other Contributions
- $7,342
- Change in Net Assets
- $579,258
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $9,349,808
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Total Revenue per Audited Statements
- $9,349,808
- Total Revenue per Form 990
- $9,349,808
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $6,009,809 |
| Other Expenses | $2,760,741 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $3,806,401 | $563,622 | - | $4,370,023 |
| Occupancy | - | $998,232 | - | $998,232 |
| Pension Plan Contributions | $780,556 | $123,047 | - | $903,603 |
| Fees for Services Other | $126,946 | $738,126 | - | $865,072 |
| Other Employee Benefits | $364,097 | $42,525 | - | $406,622 |
| Current Officers, Directors, Trustees, and Key Employees | $95,909 | $169,296 | - | $265,205 |
| Information Technology | - | $202,466 | - | $202,466 |
| Depreciation Depletion | - | $128,521 | - | $128,521 |
| Insurance | - | $102,669 | - | $102,669 |
| Office Expenses | - | $89,844 | - | $89,844 |
| Advertising | - | $76,865 | - | $76,865 |
| Payroll Taxes | $54,618 | $9,738 | - | $64,356 |
| Fees for Services Legal | - | $44,584 | - | $44,584 |
| Fees for Services Accounting | - | $12,861 | - | $12,861 |
| Other Expenses | $4,500 | - | - | $4,500 |
| Travel | - | $1,352 | - | $1,352 |
| Total Functional Expenses | $5,466,802 | $3,303,748 | $0 | $8,770,550 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $9,605,334 |
| Total Expenses per Form 990 | $8,770,550 |
| Expenses per Audited Statements | $8,642,029 |
| Expenses Not Reported on Form 990 | $963,305 |
| Expenses Not Reported on Financial Statements | $128,521 |
| Other Expense Adjustments | $128,521 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
| Liability | Amount |
|---|---|
| Net Pension Liability | $11,751,395 |
| Deferred Inflows - Pension | $5,577,701 |
| Net Opeb Liability | $427,034 |
| Deferred Inflows - Opeb | $176,126 |
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 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- Yes
- 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 A, Line 4
“Bylaw wording was changed to note that relatives of the coo or cfo may not sit on the school board, and removed the executive directors board member title.”
Form 990, Part VI, Section A, Line 6
“The organization has one class of members. Each employee and each parent of a student currently enrolled at the academy shall be considered a member.”
Form 990, Part VI, Section A, Line 7A
“The organization's bylaws state that members shall have no rights or privileges other than to elect the directors of the corporation.”
Form 990, Part VI, Section B, Line 11B
“The form 990 is prepared by the organization's public accounting firm based on information provided by the management. Once a draft of the filing is available, copies of form 990 are distributed to all board members for review via email, prior to filing. The cfo and board of directors, of the organization, review the first draft of the form 990 prior to its filing. The review conducted by the board of directors is a high level assessment for accuracy. The cfo conducts a more thorough review of the form 990.”
Form 990, Part VI, Section B, Line 12C
“The organization's conflict of interest policy as stated in the bylaws is as follows: if a responsible person is aware that the corporation is about to enter into any transaction or make any decision involving a conflict of interest, a "conflicting interest transaction", such person: (i)immediately inform those charged with approving the conflicting interest transaction on behalf of the corporation of the interest or position of such person or any party related to such person;"(ii) aid the persons charged with making the decision by disclosing any material facts within the responsible person's knowledge that bear on the advisability of the corporation entering into the conflicting interest transaction; and (iii) not be entitled to vote on the decision to enter into such transaction. Any potential conflicts of interest are discussed at the board meetings and documented in the board minutes.”
Form 990, Part VI, Section B, Line 15
“Compensation of officers and key employees is discussed and determined by the board of directors and documented in the meeting minutes of the executive session. The most recent compensation review occurred in 2019.”
Form 990, Part VI, Section C, Line 19
“The organization makes its governing documents, conflicts of interest policy and financial statements available to the public through its website and upon request.”
Filing and Contact Details
Filer
- Filer Name
- Monument Academy
- EIN
- 27-0014128
- Phone
- 7194811950
- Address
- 1150 VILLAGE RIDGE POINT, MONUMENT, CO 80132
Signing Officer
- Name
- Marc Brocklehurst
- Title
- Chief Financial Officer
- Phone
- 7194811950
- Signed
- 2022-05-06
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Merlin Holmes
- Formed
- 1995
- Legal Domicile
- Co
- Voting Board Members
- 5
- Independent Board Members
- 5
- Employees
- 246
- Volunteers
- 450
Preparer
- Firm
- Cliftonlarsonallen Llp
- Address
- 8390 EAST CRESCENT PARKWAY SUITE, 300, GREENWOOD VILLAGE, CO 80111
- Preparer
- Sarah Hintz
- Phone
- 3037795710
Supplemental Narrative
Additional Explanations
FORM 990, PART XI, LINE 9:
“Change in opeb liability 35,472. Change in pension liability 3,306,344.”
FORM 990, PART XII, LINE 1:
“The school follows a modified accrual method of accounting as prescribed by the colorado department of education. The school-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Grants and similar items are recognized when all eligibility requirements imposed by the provider have been met.”
FORM 990, PART XII, LINE 2C:
“The process for oversight and selection of an independent accountant has not changed.”
Financial Statement Notes
PART IV, LINE 1B:
“The pupil activity fund is an agency fund used to record financial transactions related to school-sponsored organizations and activities. These activities are self-supporting and do not receive any direct or indirect school support.”
PART XII, LINE 2D - OTHER ADJUSTMENTS:
“Capital outlay 967,805. Accrued absences -4,500.”
PART XII, LINE 4B - OTHER ADJUSTMENTS:
“Depreciation expense 128,521.”
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| IRS990/MissionDesc | 0 | THE MISSION OF MONUMENT ACADEMY IS TO PROVIDE A CHALLENGING, CONTENT-RICH, ACADEMIC PROGRAM OFFERED WITHIN AN ENGAGING, CARING, AND POSITIVE LEARNING ENVIRONMENT. ESTABLISHED ON A SOLID FOUNDATION OF KNOWLEDGE, MONUMENT ACADEMY EMPHASIZES ACADEMIC EXCELLENCE, RESPECT, RESPONSIBILITY, CHARACTER AND EXEMPLARY CITIZENSHIP. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | -10084789 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 998232 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 998232 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 89844 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 89844 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 1408694 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 4019546 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 3341816 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 42525 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 364097 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 406622 |
| IRS990/OtherExpensesGrp/Desc | 0 | DUES AND FEES |
| IRS990/OtherExpensesGrp/Desc | 1 | TRUST & AGENCY EXPEND. |
| IRS990/OtherExpensesGrp/Desc | 2 | SUPPLIES - INSTR. |
| IRS990/OtherExpensesGrp/Desc | 3 | COMPENSATED ABSENCE |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 152304 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 70878 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 10593 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 4500 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 152304 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 70878 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 10593 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 4500 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 18663220 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 17932256 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | MISC REVENUE |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 8748 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 8748 |
| IRS990/OtherRevenueTotalAmt | 0 | 8748 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 563622 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 3806401 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 4370023 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 9738 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 54618 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 64356 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 123047 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 780556 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 903603 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | MERLIN HOLMES |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | 81477 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611600 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 611600 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 611600 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 611600 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | TUITION |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | STUDENT FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | STUDENT ACTIVITY FEES |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | BUILDING USE REVENUE |
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| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 170192 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 88283 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 30280 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 294765 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 170192 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 88283 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 30280 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 8167398 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 33361 |
| IRS990/PYOtherExpensesAmt | 0 | 2454322 |
| IRS990/PYOtherRevenueAmt | 0 | 1427 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 400520 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 705119 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 5443265 |
| IRS990/PYTotalExpensesAmt | 0 | 7897587 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 8602706 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 579258 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 1 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 583520 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 248352 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 355321 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 2498585 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 2518759 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/AgentTrusteeEtcInd | 0 | 1 |
| IRS990ScheduleD/BeginningBalanceAmt | 0 | 81477 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 278307 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 363028 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 641335 |
| IRS990ScheduleD/DistributionsDuringYearAmt | 0 | 81477 |
| IRS990ScheduleD/EndingBalanceAmt | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 827604 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 75165 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 902769 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 963305 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 128521 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 8642029 |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | 0 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 3963490 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 56056 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | DEFERRED OUTFLOWS - PENSION |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | DEFERRED OUTFLOWS - OPEB |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 963305 |
| IRS990ScheduleD/OtherExpensesNotIncludedAmt | 0 | 128521 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 23949 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 2661 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 26610 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 11751395 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 427034 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 5577701 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 176126 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | NET PENSION LIABILITY |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | NET OPEB LIABILITY |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | DEFERRED INFLOWS - PENSION |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | DEFERRED INFLOWS - OPEB |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 9349808 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE PUPIL ACTIVITY FUND IS AN AGENCY FUND USED TO RECORD FINANCIAL TRANSACTIONS RELATED TO SCHOOL-SPONSORED ORGANIZATIONS AND ACTIVITIES. THESE ACTIVITIES ARE SELF-SUPPORTING AND DO NOT RECEIVE ANY DIRECT OR INDIRECT SCHOOL SUPPORT. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | CAPITAL OUTLAY 967,805. ACCRUED ABSENCES -4,500. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | DEPRECIATION EXPENSE 128,521. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART IV, LINE 1B: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | PART XII, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 1129860 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 4019546 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 8770550 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 17932256 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 9349808 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 9349808 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 9605334 |
| 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 | MONUMENT ACADEMY INCLUDES THEIR NONDISCRIMINATION POLICY ON THE ENROLLMENT PAGE OF THEIR WEBSITE. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | THE SCHOOL APPLIES FOR GRANTS EACH YEAR AND COMPLIES WITH ALL STATE AND FEDERAL REGULATIONS REGARDING RECEIPT AND SPENDING OF GRANTS. |
| 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 | BYLAW WORDING WAS CHANGED TO NOTE THAT RELATIVES OF THE COO OR CFO MAY NOT SIT ON THE SCHOOL BOARD, AND REMOVED THE EXECUTIVE DIRECTORS BOARD MEMBER TITLE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION HAS ONE CLASS OF MEMBERS. EACH EMPLOYEE AND EACH PARENT OF A STUDENT CURRENTLY ENROLLED AT THE ACADEMY SHALL BE CONSIDERED A MEMBER. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE ORGANIZATION'S BYLAWS STATE THAT MEMBERS SHALL HAVE NO RIGHTS OR PRIVILEGES OTHER THAN TO ELECT THE DIRECTORS OF THE CORPORATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE MANAGEMENT. ONCE A DRAFT OF THE FILING IS AVAILABLE, COPIES OF FORM 990 ARE DISTRIBUTED TO ALL BOARD MEMBERS FOR REVIEW VIA EMAIL, PRIOR TO FILING. THE CFO AND BOARD OF DIRECTORS, OF THE ORGANIZATION, REVIEW THE FIRST DRAFT OF THE FORM 990 PRIOR TO ITS FILING. THE REVIEW CONDUCTED BY THE BOARD OF DIRECTORS IS A HIGH LEVEL ASSESSMENT FOR ACCURACY. THE CFO CONDUCTS A MORE THOROUGH REVIEW OF THE FORM 990. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AS STATED IN THE BYLAWS IS AS FOLLOWS: IF A RESPONSIBLE PERSON IS AWARE THAT THE CORPORATION IS ABOUT TO ENTER INTO ANY TRANSACTION OR MAKE ANY DECISION INVOLVING A CONFLICT OF INTEREST, A "CONFLICTING INTEREST TRANSACTION", SUCH PERSON: (I)IMMEDIATELY INFORM THOSE CHARGED WITH APPROVING THE CONFLICTING INTEREST TRANSACTION ON BEHALF OF THE CORPORATION OF THE INTEREST OR POSITION OF SUCH PERSON OR ANY PARTY RELATED TO SUCH PERSON;"(II) AID THE PERSONS CHARGED WITH MAKING THE DECISION BY DISCLOSING ANY MATERIAL FACTS WITHIN THE RESPONSIBLE PERSON'S KNOWLEDGE THAT BEAR ON THE ADVISABILITY OF THE CORPORATION ENTERING INTO THE CONFLICTING INTEREST TRANSACTION; AND (III) NOT BE ENTITLED TO VOTE ON THE DECISION TO ENTER INTO SUCH TRANSACTION. ANY POTENTIAL CONFLICTS OF INTEREST ARE DISCUSSED AT THE BOARD MEETINGS AND DOCUMENTED IN THE BOARD MINUTES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS DISCUSSED AND DETERMINED BY THE BOARD OF DIRECTORS AND DOCUMENTED IN THE MEETING MINUTES OF THE EXECUTIVE SESSION. THE MOST RECENT COMPENSATION REVIEW OCCURRED IN 2019. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH ITS WEBSITE AND UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | CHANGE IN OPEB LIABILITY 35,472. CHANGE IN PENSION LIABILITY 3,306,344. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | THE SCHOOL FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE COLORADO DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART XI, LINE 9: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | FORM 990, PART XII, LINE 1: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | FORM 990, PART XII, LINE 2C: |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | 1 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 1 | 1 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | MONUMENT ACADEMY |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt | 1 | MONUMENT ACADEMY |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | MONUMENT ACADEMY BUILDING CORPORATION |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 1 | MONUMENT ACADEMY FOUNDATION |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 261401850 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 1 | 510506848 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $8,682,012
- Liabilities
- $18,766,801
- Net assets
- -$10,084,789
- Revenue
- $9,349,808
- Expenses
- $8,770,550
- Net income
- $579,258