Civic Intelligence

Soar Charter School

990 • Fiscal year 2024 • EIN 27-0656317

Jul 01, 2023 to Jun 30, 2024 • Filed on May 12, 2025

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

80th percentile

0.52x

Higher debt load relative to assets than 80% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.55x

Higher debt load relative to revenue than 76% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

58th percentile

8.2%

Higher net margin than 58% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

62nd percentile

$158,691

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

90th percentile

42%

Faster asset growth than 90% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

7.0%

Faster revenue growth than 48% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$9,396,935

Up $2,799,388 (+42%) from 2023

Net Assets

Up

$4,527,866

Up $715,965 (+19%) from 2023

Liabilities

Up

$4,869,069

Up $2,083,423 (+75%) from 2023

Revenue

Up

$8,781,964

Up $574,232 (+7.0%) from 2023

Expenses

Up

$8,065,999

Up $937,489 (+13%) from 2023

Net Income

Down

$715,965

Down $363,257 (-34%) from 2023

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

2024

Assets$9,396,935
Liabilities$4,869,069
Net Assets$4,527,866

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

2024

Revenue$8,781,964
Expenses$8,065,999
Net Income$715,965
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$8,781,964
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$4,816,124$6,042,080▲ $1,225,956
Rtn Earn Endowment Incm Other Fnds$3,811,901$4,527,866▲ $715,965
Accounts Receivable$394,710$10,479▼ $384,231
Prepaid Expenses and Deferred Charges$18,048$1,346▼ $16,702
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$6,597,547$9,396,935▲ $2,799,388
Other Assets Total$1,368,665$3,343,030▲ $1,974,365
Liabilities
Other Liabilities$2,749,417$4,775,076▲ $2,025,659
Deferred Revenue$0$73,754▲ $73,754
Accounts Payable and Accrued Expenses$36,229$20,239▼ $15,990
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,785,646$4,869,069▲ $2,083,423
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,811,901$4,527,866▲ $715,965
Total Liabilities and Net Assets / Fund Balance$6,597,547$9,396,935▲ $2,799,388

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$18,587--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Katie BerglesPrincipalFT$131,803$26,888$158,691
Sonia SisnerosSenior DirectorFT$126,700$25,846$152,546
Christi GoetzMultilingual EducationFT$119,604$24,399$144,003
Jennifer RussoTeacherFT$103,518$21,118$124,636

Board Members and Trustees

NameTitle
Rona WilenskyChair
Marisela ToscanoVice Chair
Michelle TyrusMember
Jamita HortonSecretary
Liane MorrisonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$956,445
Program Service Revenue
$7,249,814
Investment Income
$155,882
Other Revenue
$419,823
All Other Contributions
$0
Change in Net Assets
$715,965

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,781,964
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,781,964
Total Revenue per Form 990
$8,781,964
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,570,192
Other Expenses$2,495,807
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,684,571$1,478,303$0$4,162,874
Other Employee Benefits$816,630$590,688$0$1,407,318
All Other Expenses$0$562,399$0$562,399
Occupancy$0$492,064$0$492,064
Other Expenses$270,599$0$0$270,599
Advertising$0$74,190$0$74,190
Information Technology$0$71,457$0$71,457
Insurance$0$25,609$0$25,609
Office Expenses$0$13,287$0$13,287
Fees for Services Accounting$0$7,067$0$7,067
Fees for Services Legal$0$1,562$0$1,562
Total Functional Expenses$4,695,564$3,370,435$0$8,065,999

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,065,999
Total Expenses per Audited Statements$8,065,999
Total Expenses per Form 990$8,065,999
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
Pension Liability$2,625,547
Deferred Inflows - Pensions$1,706,611
Accrued Salaries and Benefits$370,754
Deferred Inflows - OPEB$72,164
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 Schools 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
Rona Wilensky
Title
Board Chair
Signed
2025-05-12
Discuss with paid preparer
No

Organization Details

Formed
2011
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
5
Employees
84
Volunteers
84

Preparer

Firm
John Cutler & Associates LLC
Address
600 17th Street Suite 2800 So, Denver, CO 80202
Preparer
John Cutler
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