Civic Intelligence

Eagle County Charter Academy

990 • Fiscal year 2017 • EIN 27-3430689

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 12, 2018

1105 Miller Ranch RoadEdwards, CO 81632

(970) 926-0656

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.71x

Higher debt load relative to assets than 83% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

2.77x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

7th percentile

-39%

Higher net margin than 7% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

44th percentile

$155,944

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$16,225,594

No earlier filing loaded for comparison.

Net Assets

$4,640,626

No earlier filing loaded for comparison.

Liabilities

$11,584,968

No earlier filing loaded for comparison.

Revenue

$4,189,544

No earlier filing loaded for comparison.

Expenses

$5,843,128

No earlier filing loaded for comparison.

Net Income

-$1,653,584

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2017: $16,225,594Liabilities 2017: $11,584,968Net Assets 2017: $4,640,6262017Assets 2018: $16,886,823Liabilities 2018: $14,987,279Net Assets 2018: $1,899,5442018Assets 2019: $14,183,084Liabilities 2019: $12,196,838Net Assets 2019: $1,986,2462019Assets 2020: $12,436,505Liabilities 2020: $10,063,697Net Assets 2020: $2,372,8082020Assets 2021: $12,590,744Liabilities 2021: $8,998,361Net Assets 2021: $3,592,3832021Assets 2022: $11,711,139Liabilities 2022: $6,761,805Net Assets 2022: $4,949,3342022Assets 2025: $12,521,748Liabilities 2025: $7,277,217Net Assets 2025: $5,244,5312025

Highlighted filing

2017

Assets$16,225,594
Liabilities$11,584,968
Net Assets$4,640,626

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2017: $4,189,544Expenses 2017: $5,843,128Net Income 2017: -$1,653,5842017Revenue 2018: $4,316,314Expenses 2018: $6,798,290Net Income 2018: -$2,481,9762018Revenue 2019: $4,466,111Expenses 2019: $4,379,409Net Income 2019: $86,7022019Revenue 2020: $4,526,377Expenses 2020: $4,139,815Net Income 2020: $386,5622020Revenue 2021: $4,628,049Expenses 2021: $3,408,474Net Income 2021: $1,219,5752021Revenue 2022: $4,940,475Expenses 2022: $3,583,524Net Income 2022: $1,356,9512022Revenue 2025: $6,197,078Expenses 2025: $5,897,156Net Income 2025: $299,9222025

Highlighted filing

2017

Revenue$4,189,544
Expenses$5,843,128
Net Income-$1,653,584
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 12, 2018
Return Version
2016v3.0
Gross Receipts
$4,194,229
Mission and Program Overview

Mission

The Eagle County Charter Academy community creates life-long learners and productive global citizens through a challenging college preparatory curriculum and character education. Operation of a K-8 charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,598,658$10,295,938▼ $302,720
Pd in Cap Srpls Land Bldg Eqp Fund$10,717,959$10,295,938▼ $422,021
Savings and Temporary Cash Investments$942,365$1,016,252▲ $73,887
Cash and Non-Interest-Bearing Accounts$337,370$402,820▲ $65,450
Accounts Receivable$1,317$197,010▲ $195,693
Inventories for Sale or Use$10,698$12,002▲ $1,304
Prepaid Expenses and Deferred Charges$12,819$11,620▼ $1,199
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Rtn Earn Endowment Incm Other Fnds$-4,423,749$-5,655,312▼ $1,231,563
Total Assets$12,652,763$16,225,594▲ $3,572,831
Other Assets Total$749,536$4,289,952▲ $3,540,416
Liabilities
Other Liabilities$5,999,233$11,195,139▲ $5,195,906
Accounts Payable and Accrued Expenses$343,028$375,694▲ $32,666
Deferred Revenue$16,292$14,135▼ $2,157
Total Liabilities$6,358,553$11,584,968▲ $5,226,415
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,294,210$4,640,626▼ $1,653,584
Total Liabilities and Net Assets / Fund Balance$12,652,763$16,225,594▲ $3,572,831

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,178,671$1,483,607$11,662,278
Leasehold Improvements$78,574$12,638$91,212
Equipment$38,693$37,555$76,248
Other Assets Org$4,289,952--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kimberly WalterPrincipalFT$119,005$36,939$155,944
Tanya KessenichDirector/StaffFT$50,288$24,125$74,413
Shelby TaberDirector/StaffFT$48,375$18,586$66,961

Board Members and Trustees

NameTitle
Jeff SamplePresident
Janine TrueVice President
Ryan GellerDirector
Shawn ColbyDirector
James WilkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$440,654
Program Service Revenue
$3,734,955
Investment Income
$9,460
Other Revenue
$4,475
All Other Contributions
$6,857
Change in Net Assets
$-1,653,584

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,189,544
Revenue Not Reported on Form 990
$4,685
Total Revenue per Audited Statements
$4,194,229
Total Revenue per Form 990
$4,189,544
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,362,040
Other Expenses$1,481,088
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Pension Plan Contributions$1,565,328$445,785-$2,011,113
Other Salaries and Wages$1,558,820$289,317-$1,848,137
Depreciation Depletion$349,350$61,650-$411,000
Fees for Services Other$267,784$86,055-$353,839
Other Employee Benefits$304,273$46,137-$350,410
Current Officers, Directors, Trustees, and Key Employees-$125,864-$125,864
Occupancy$64,930$11,458-$76,388
Information Technology$51,308--$51,308
Office Expenses$21,042$18,712-$39,754
Payroll Taxes$20,708$5,808-$26,516
Fees for Services Accounting-$24,655-$24,655
Insurance-$14,176-$14,176
Other Expenses$7,887$502-$8,389
Travel-$3,143-$3,143
Advertising-$2,082-$2,082
Fees for Services Legal-$925-$925
Total Functional Expenses$4,693,307$1,149,821$0$5,843,128

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,847,813
Expenses per Audited Statements$5,843,128
Total Expenses per Form 990$5,843,128
Expenses Not Reported on Form 990$4,685
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,130
Fundraising Direct Expenses$4,685
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability - GASB 68$10,962,675
Deferred Inflows - Pensions - GASB 68$232,464
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
Yes
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, Line 8: Explanation of No Contemporaneously Documentation of Meetings

There are no committees with the authority to act on behalf of the governing board.

Form 990, Part VI, Line 11B: Form 990 Review Process

A copy of the form 990 is given to the members of the board for review prior to filings.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members are required to disclose any conflict of interests prior to any vote by the board involving a company or employee that the board member would have a conflict with. The board member is then required to abstain from the discussion and the vote.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Annual salary surveys are done for the surrounding schools for similar positions. These comparisons are given to the board prior to making a contract offer to the Principal.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The Chief Financial Officer makes the school's governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Eagle County Charter Academy
EIN
27-3430689
Phone
9709260656
Address
1105 Miller Ranch Road, Edwards, CO 81632

Signing Officer

Name
Kimberly Walter
Title
Principal
Signed
2018-03-12
Discuss with paid preparer
Yes

Organization Details

Formed
1995
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
5
Employees
55
Volunteers
80

Preparer

Firm
Hinkle & Company Pc
Address
5028 East 101st St, Tulsa, OK 74137
Preparer
James D Hinkle CPA
Phone
9184923388
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Fundraising Expenses $4685

Part XII, Line 2D: Other expenses and losses per audited F/S

Fundraising Expenses $4685

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IRS990/OtherAssetsTotalGrp/BOYAmt0749536
IRS990/OtherAssetsTotalGrp/EOYAmt04289952
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt046137
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0304273
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0350410
IRS990/OtherExpensesGrp/Desc0District Spec Edu & Distr OH
IRS990/OtherExpensesGrp/Desc1Supplies
IRS990/OtherExpensesGrp/Desc2Non-capitalized Equip & Furn
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013552
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1502
IRS990/OtherExpensesGrp/ProgramServicesAmt0312287
IRS990/OtherExpensesGrp/ProgramServicesAmt1169590
IRS990/OtherExpensesGrp/ProgramServicesAmt27887
IRS990/OtherExpensesGrp/TotalAmt0312287
IRS990/OtherExpensesGrp/TotalAmt1183142
IRS990/OtherExpensesGrp/TotalAmt28389
IRS990/OtherLiabilitiesGrp/BOYAmt05999233
IRS990/OtherLiabilitiesGrp/EOYAmt011195139
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt065
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt065
IRS990/OtherRevenueTotalAmt065
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0289317
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01558820
IRS990/OtherSalariesAndWagesGrp/TotalAmt01848137
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05808
IRS990/PayrollTaxesGrp/ProgramServicesAmt020708
IRS990/PayrollTaxesGrp/TotalAmt026516
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt010717959
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt010295938
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0445785
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01565328
IRS990/PensionPlanContributionsGrp/TotalAmt02011113
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012819
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011620
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/Desc0District Mill Levy
IRS990/ProgramServiceRevenueGrp/Desc1Food Service
IRS990/ProgramServiceRevenueGrp/Desc2Per Pupil Revenue
IRS990/ProgramServiceRevenueGrp/Desc3Tuition & Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0807283
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt182955
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22547496
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3297221
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0807283
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt182955
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22547496
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3297221
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0449856
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03705
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01510622
IRS990/PYOtherRevenueAmt05607
IRS990/PYProgramServiceRevenueAmt03306027
IRS990/PYRevenuesLessExpensesAmt0-441983
IRS990/PYSalariesCompEmpBnftPaidAmt02696556
IRS990/PYTotalExpensesAmt04207178
IRS990/PYTotalRevenueAmt03765195
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1653584
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt0338643
IRS990/RentalIncomeOrLossGrp/RealAmt0965
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03734955
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-4423749
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-5655312
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0942365
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01016252
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt010178671
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01483607
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011662278
IRS990ScheduleD/EquipmentGrp/BookValueAmt038693
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037555
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt076248
IRS990ScheduleD/ExpensesNotReportedAmt04685
IRS990ScheduleD/ExpensesSubtotalAmt05843128
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt078574
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012638
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt091212
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04289952
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Pensions - Deferred Outflows - GASB 68
IRS990ScheduleD/OtherExpensesIncludedAmt04685
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0232464
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110962675
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred Inflows - Pensions - GASB 68
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Pension Liability - GASB 68
IRS990ScheduleD/OtherRevenueAmt04685
IRS990ScheduleD/RevenueNotReportedAmt04685
IRS990ScheduleD/RevenueSubtotalAmt04189544
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Fundraising Expenses $4685
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Fundraising Expenses $4685
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d: Other expenses and losses per audited F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010295938
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04289952
IRS990ScheduleD/TotalExpensesPerForm990Amt05843128
IRS990ScheduleD/TotalLiabilityAmt011195139
IRS990ScheduleD/TotalRevenuePerForm990Amt04189544
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04194229
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05847813
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true

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