Civic Intelligence

Soar Charter School

990 • Fiscal year 2022 • EIN 27-0656317

Jul 01, 2021 to Jun 30, 2022 • Filed on May 12, 2023

4800 Telluride Street Bldg 4Denver, CO 80249-6803

(303) 634-2259

Siviq Scores

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

Liabilities / Assets

78th percentile

0.46x

Higher debt load relative to assets than 78% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.33x

Higher debt load relative to revenue than 66% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

67th percentile

17%

Higher net margin than 67% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

58th percentile

$141,816

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

61st percentile

5.2%

Faster asset growth than 61% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

72nd percentile

23%

Faster revenue growth than 72% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$5,075,784

Up $252,285 (+5.2%) from 2021

Net Assets

Up

$2,732,679

Up $1,218,260 (+80%) from 2021

Liabilities

Down

$2,343,105

Down $965,975 (-29%) from 2021

Revenue

Up

$7,140,092

Up $1,346,252 (+23%) from 2021

Expenses

Up

$5,921,832

Up $1,894,557 (+47%) from 2021

Net Income

Down

$1,218,260

Down $548,305 (-31%) from 2021

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

2022

Assets$5,075,784
Liabilities$2,343,105
Net Assets$2,732,679

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

2022

Revenue$7,140,092
Expenses$5,921,832
Net Income$1,218,260
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 12, 2023
Return Version
2021v4.0
Gross Receipts
$7,140,092
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.

SOAR is a public elementary charter school committed to providing exceptional educational opportunities to students in Far Northeast Denver. SOAR offers an innovative holistic approach to education that includes an extended school day an academically engaging curriculum a focus on the development of social and emotional competencies and a deep commitment to the arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,240,431$4,160,468▲ $920,037
Rtn Earn Endowment Incm Other Fnds$1,514,419$2,732,679▲ $1,218,260
Accounts Receivable$185,894$100,290▼ $85,604
Prepaid Expenses and Deferred Charges$0$1,325▲ $1,325
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$0→ $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
Total Assets$4,823,499$5,075,784▲ $252,285
Other Assets Total$1,397,174$813,701▼ $583,473
Liabilities
Other Liabilities$3,271,524$2,299,384▼ $972,140
Accounts Payable and Accrued Expenses$37,556$43,721▲ $6,165
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$3,309,080$2,343,105▼ $965,975
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,514,419$2,732,679▲ $1,218,260
Total Liabilities and Net Assets / Fund Balance$4,823,499$5,075,784▲ $252,285

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$813,701--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Katie BerglesPrincipalFT$117,300$24,516$141,816
Sonia SisnerosSenior DirectorFT$103,053$21,538$124,591

Board Members and Trustees

NameTitle
Sarah GloverBoard Chair
Rona WilenskyVice Chair
Marisela ToscanoMember
Samm DonelsonMember
Jessamyn LockhartSecretary
Liane MorrisonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,058,757
Program Service Revenue
$5,854,730
Investment Income
$2,480
Other Revenue
$224,125
All Other Contributions
$0
Change in Net Assets
$1,218,260

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,140,092
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,140,092
Total Revenue per Form 990
$7,140,092
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,974,659
Other Expenses$1,947,173
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,720,819$680,205$0$3,401,024
Other Employee Benefits$546,912$26,723$0$573,635
All Other Expenses$0$387,336$0$387,336
Occupancy$0$383,220$0$383,220
Other Expenses$192,958$0$0$192,958
Advertising$0$81,463$0$81,463
Information Technology$0$71,457$0$71,457
Office Expenses$0$41,857$0$41,857
Insurance$0$20,704$0$20,704
Fees for Services Accounting$0$6,897$0$6,897
Fees for Services Legal$0$880$0$880
Total Functional Expenses$3,829,367$2,092,465$0$5,921,832

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,921,832
Total Expenses per Audited Statements$5,921,832
Total Expenses per Form 990$5,921,832
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Deferred Inflows - Penisons$1,860,660
Accrued Salaries and Benefits$344,303
Pension Liability$50,219
Unearned Revenue$44,202
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

Part VI, Line 11B

The form will be emailed to the board and presented at a board meeting before it is filed.

Part VI, Line 12C

Board members must recuse themselves from voting on any matter that they have a conflict of interest.

Part VI, Line 15

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.

Part VI, Line 19

Financial documents are available on the School's website.

Filing and Contact Details

Filer

Filer Name
Soar Charter School
EIN
27-0656317
In Care Of
% Sarah Glover
Phone
3036342259
Address
4800 TELLURIDE STREET BLDG 4, DENVER, CO 80249-6803

Signing Officer

Name
Sarah Glover
Title
Board Chair
Signed
2023-05-12
Discuss with paid preparer
No

Organization Details

Formed
2011
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
82
Volunteers
0

Preparer

Firm
John Cutler & Associates LLC
Address
600 17th Street Suite 2800 So, Denver, CO 80202
Preparer
John Cutler
Phone
3036342259
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IRS990/InsuranceGrp/ManagementAndGeneralAmt020704
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IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
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IRS990/IRPDocumentCnt011
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IRS990/LandBldgEquipAccumDeprecAmt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt00
IRS990/LegalDomicileStateCd0CO
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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt00
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IRS990/MethodOfAccountingAccrualInd0X
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IRS990/OtherExpensesGrp/Desc0Supplies
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1-133532
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IRS990/OtherRevenueTotalAmt0224125
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
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IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00

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