Civic Intelligence

Soar Charter School

990 • Fiscal year 2020 • EIN 27-0656317

Jul 01, 2019 to Jun 30, 2020 • Filed on May 14, 2021

4800 Telluride Street Bldg 4Denver, CO 80249

(720) 287-5100

Siviq Scores

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

Liabilities / Assets

94th percentile

1.09x

Higher debt load relative to assets than 94% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

73rd percentile

0.56x

Higher debt load relative to revenue than 73% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

80th percentile

26%

Higher net margin than 80% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$123,913

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

76th percentile

22%

Faster asset growth than 76% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

55th percentile

3.9%

Faster revenue growth than 55% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,709,953

Up $493,007 (+22%) from 2019

Net Assets

Up

-$252,146

Up $1,394,055 (+85%) from 2019

Liabilities

Down

$2,962,099

Down $901,048 (-23%) from 2019

Revenue

Up

$5,289,486

Up $197,281 (+3.9%) from 2019

Expenses

Up

$3,895,431

Up $453,234 (+13%) from 2019

Net Income

Down

$1,394,055

Down $255,953 (-16%) from 2019

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2019: $2,216,946Liabilities 2019: $3,863,147Net Assets 2019: -$1,646,2012019Assets 2020: $2,709,953Liabilities 2020: $2,962,099Net Assets 2020: -$252,1462020Assets 2021: $4,823,499Liabilities 2021: $3,309,080Net Assets 2021: $1,514,4192021Assets 2022: $5,075,784Liabilities 2022: $2,343,105Net Assets 2022: $2,732,6792022Assets 2023: $6,597,547Liabilities 2023: $2,785,646Net Assets 2023: $3,811,9012023Assets 2024: $9,396,935Liabilities 2024: $4,869,069Net Assets 2024: $4,527,8662024Assets 2025: $7,816,660Liabilities 2025: $2,790,837Net Assets 2025: $5,025,8232025

Highlighted filing

2020

Assets$2,709,953
Liabilities$2,962,099
Net Assets-$252,146

Operations Trend

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

$10M$5.0M$0Revenue 2019: $5,092,205Expenses 2019: $3,442,197Net Income 2019: $1,650,0082019Revenue 2020: $5,289,486Expenses 2020: $3,895,431Net Income 2020: $1,394,0552020Revenue 2021: $5,793,840Expenses 2021: $4,027,275Net Income 2021: $1,766,5652021Revenue 2022: $7,140,092Expenses 2022: $5,921,832Net Income 2022: $1,218,2602022Revenue 2023: $8,207,732Expenses 2023: $7,128,510Net Income 2023: $1,079,2222023Revenue 2024: $8,781,964Expenses 2024: $8,065,999Net Income 2024: $715,9652024Revenue 2025: $8,941,799Expenses 2025: $8,443,842Net Income 2025: $497,9572025

Highlighted filing

2020

Revenue$5,289,486
Expenses$3,895,431
Net Income$1,394,055
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 14, 2021
Return Version
2019v5.0
Gross Receipts
$5,289,486
Mission and Program Overview

Mission

Soar charter school was founded in 2010 and is built on the premise that we should "expect more" from our public schools. Soar students create full and meaningful lives, enrich our democracy, and contribute to a more just society.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,633,418$2,183,825▲ $550,407
Accounts Receivable$7,515$102,706▲ $95,191
Prepaid Expenses and Deferred Charges$14,579$0▼ $14,579
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-1,646,201$-252,146▲ $1,394,055
Total Assets$2,216,946$2,709,953▲ $493,007
Other Assets Total$561,434$423,422▼ $138,012
Liabilities
Other Liabilities$3,831,870$2,959,841▼ $872,029
Accounts Payable and Accrued Expenses$31,277$2,258▼ $29,019
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,863,147$2,962,099▼ $901,048
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,646,201$-252,146▲ $1,394,055
Total Liabilities and Net Assets / Fund Balance$2,216,946$2,709,953▲ $493,007

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$423,422--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laurie GodwinHead of SchoolFT$113,943$9,970$123,913

Board Members and Trustees

NameTitle
Sarah GloverBoard Chair
Rona WilenskyVice President
Claudia GutierrezDirector
Janet DamonDirector
Tiffani LennonDirector
Liane MorrisonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$639,103
Program Service Revenue
$4,637,674
Investment Income
$11,644
Other Revenue
$1,065
All Other Contributions
$0
Change in Net Assets
$1,394,055

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,289,486
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$5,289,486
Total Revenue per Form 990
$5,289,486
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,107,364
Other Expenses$1,788,067
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,016,118$185,093$0$2,201,211
All Other Expenses$201,201$207,341$0$408,542
Occupancy$0$336,621$0$336,621
Other Expenses$133,925$19,887$0$153,812
Advertising$0$110,449$0$110,449
Information Technology$55,021$15,034$0$70,055
Insurance$13,783$3,766$0$17,549
Fees for Services Accounting$0$5,610$0$5,610
Other Employee Benefits$-403,641$309,794$0$-93,847
Total Functional Expenses$2,518,191$1,377,240$0$3,895,431

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,895,431
Total Expenses per Audited Statements$3,895,431
Total Expenses per Form 990$3,895,431
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pension Liability$1,382,446
Deferred Inflows Pension Costs$1,308,521
Accrued Salaries and Benefits$248,497
Unearned Revenue$20,377
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
Yes
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 B, Line 11B

Form 990, Part VI, Line 11b - Organization's Process to Review Form 990 The form will be emailed to the board and presented at a board meeting before it is filed

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

Form 990, Part VI, Line 12c - Enforcement of Conflicts Policy Board members must recuse themselves from voting on any matter that they have a conflict of interest

Form 990, Part VI, Section B, Line 15

Form 990, Part VI, Line 15a - Compensation Process for Top Official The board determines compensation for the Head of School by conducting a review of performance, looking at comparable data and deliberates the decision during an executive session

Form 990, Part VI, Section C, Line 19

Form 990, Part VI, Line 19 - Governing Documents Disclosure Explanation Financial documents are available on the School's website.

Filing and Contact Details

Filer

Filer Name
Soar Charter School
EIN
27-0656317
Phone
7202875100
Address
4800 Telluride Street Bldg 4, Denver, CO 80249

Signing Officer

Name
Sarah Glover
Title
Board Chair
Phone
7205600319
Signed
2021-05-14

Organization Details

Formed
2011
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
62
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Form 990, Part IX, Line 24e - Other Expenses Description Tot/Prog Service Mgt & General Fundraising Program Fees - PD $ 131,520 $ 4,914 $ 0 Purchased Admin O/H $ 0 $ 131,942 $ 0 Transporation DPS $ 0 $ 64,239 $ 0 Furniture $ 38,548 $ 2,280 $ 0 Transportation Field Trip $ 31,133 $ 0 $ 0 Miscellaneous $ 0 $ 3,966 $ 0 Total $ 201,201 $ 207,341 $ 0

Form 990, Part XII, Line 2C

Organization's Process to Review Form 990 The form will be emailed to the board and presented at a board meeting before it is filed.

Raw XML AppendixShowing 400 of 622 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/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt011644
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt011644
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt024
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LegalDomicileStateCd0CO
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0SOAR is a public elementary charter school committed to providing exceptional educational opportunities to students in the far Northeast Denver.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0-1646201
IRS990/NetAssetsOrFundBalancesEOYAmt0-252146
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
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IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0336621
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt0336621
IRS990/OfficeExpensesGrp/FundraisingAmt00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/BOYAmt0561434
IRS990/OtherAssetsTotalGrp/EOYAmt0423422
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0309794
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0-403641
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0-93847
IRS990/OtherExpensesGrp/Desc0Other Purchased Services
IRS990/OtherExpensesGrp/Desc1Supplies
IRS990/OtherExpensesGrp/Desc2District Required SPED
IRS990/OtherExpensesGrp/Desc3Non-Cap Equipment
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt130497
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt319887
IRS990/OtherExpensesGrp/ProgramServicesAmt0155038
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IRS990/OtherExpensesGrp/ProgramServicesAmt2170678
IRS990/OtherExpensesGrp/ProgramServicesAmt3133925
IRS990/OtherExpensesGrp/TotalAmt0308186
IRS990/OtherExpensesGrp/TotalAmt1206565
IRS990/OtherExpensesGrp/TotalAmt2170678
IRS990/OtherExpensesGrp/TotalAmt3153812
IRS990/OtherLiabilitiesGrp/BOYAmt03831870
IRS990/OtherLiabilitiesGrp/EOYAmt02959841
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IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Revenue
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0185093
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02016118
IRS990/OtherSalariesAndWagesGrp/TotalAmt02201211
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014579
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Sarah Glover
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0Per Pupil Revenue
IRS990/ProgramServiceRevenueGrp/Desc1Mill Levy Override
IRS990/ProgramServiceRevenueGrp/Desc2Tuition and Fees
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20

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