Civic Intelligence

Eagle County Charter Academy

990 • Fiscal year 2018 • EIN 27-3430689

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 05, 2019

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

89th percentile

0.89x

Higher debt load relative to assets than 89% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

92nd percentile

3.47x

Higher debt load relative to revenue than 92% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

5th percentile

-58%

Higher net margin than 5% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

47th percentile

$166,619

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

58th percentile

4.1%

Faster asset growth than 58% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

47th percentile

3.0%

Faster revenue growth than 47% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

$16,886,823

No earlier filing loaded for comparison.

Net Assets

$1,899,544

No earlier filing loaded for comparison.

Liabilities

$14,987,279

No earlier filing loaded for comparison.

Revenue

$4,316,314

No earlier filing loaded for comparison.

Expenses

$6,798,290

No earlier filing loaded for comparison.

Net Income

-$2,481,976

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 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

2018

Assets$16,886,823
Liabilities$14,987,279
Net Assets$1,899,544

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 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

2018

Revenue$4,316,314
Expenses$6,798,290
Net Income-$2,481,976
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 5, 2019
Return Version
2017v2.3
Gross Receipts
$4,316,314
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.

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$10,295,938$9,941,028▼ $354,910
Pd in Cap Srpls Land Bldg Eqp Fund$10,295,938$9,941,028▼ $354,910
Savings and Temporary Cash Investments$1,016,252$1,373,132▲ $356,880
Cash and Non-Interest-Bearing Accounts$402,820$465,004▲ $62,184
Inventories for Sale or Use$12,002$8,675▼ $3,327
Prepaid Expenses and Deferred Charges$11,620$4,542▼ $7,078
Accounts Receivable$197,010$1,492▼ $195,518
Rtn Earn Endowment Incm Other Fnds$-5,655,312$-8,041,484▼ $2,386,172
Total Assets$16,225,594$16,886,823▲ $661,229
Other Assets Total$4,289,952$5,092,950▲ $802,998
Liabilities
Other Liabilities$11,195,139$14,552,569▲ $3,357,430
Accounts Payable and Accrued Expenses$375,694$419,747▲ $44,053
Deferred Revenue$14,135$14,963▲ $828
Total Liabilities$11,584,968$14,987,279▲ $3,402,311
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,640,626$1,899,544▼ $2,741,082
Total Liabilities and Net Assets / Fund Balance$16,225,594$16,886,823▲ $661,229

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,740,203$1,870,635$11,610,838
Equipment$88,453$55,631$144,084
Leasehold Improvements$112,372$30,280$142,652
Other Assets Org$45,662--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kimberly WalterPrincipalFT$121,385$45,234$166,619
Shelby TaberDirector/Staff MemberFT$50,885$24,246$75,131
Tanya KessenichDirector/Staff MemberFT$42,721$18,887$61,608

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$444,199
Program Service Revenue
$3,842,043
Investment Income
$21,313
Other Revenue
$8,759
All Other Contributions
$6,240
Change in Net Assets
$-2,481,976

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,316,314
Total Revenue per Audited Statements
$4,316,314
Total Revenue per Form 990
$4,316,314
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,960,242
Salaries, Compensation, and Employee Benefits$2,838,048
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$1,790,354$504,972-$2,295,326
Other Salaries and Wages$1,612,137$310,420-$1,922,557
Fees for Services Other$348,477$85,849-$434,326
Depreciation Depletion$359,334$63,412-$422,746
Other Employee Benefits$343,364$23,024-$366,388
Pension Plan Contributions$331,861$24,109-$355,970
Current Officers, Directors, Trustees, and Key Employees-$167,275-$167,275
Information Technology$105,974--$105,974
Office Expenses$23,418$24,713-$48,131
Occupancy$35,474$6,260-$41,734
Fees for Services Accounting-$29,821-$29,821
Payroll Taxes$21,577$4,281-$25,858
Insurance-$14,769-$14,769
Conferences and Meetings-$3,019-$3,019
Advertising-$1,484-$1,484
Fees for Services Legal-$1,030-$1,030
Total Functional Expenses$5,524,274$1,274,016$0$6,798,290

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,798,290
Total Expenses per Audited Statements$6,798,290
Total Expenses per Form 990$6,798,290
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,759
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

LiabilityAmount
Federal income taxes$13,600,472
Net OPEB Liability$636,325
Net Pension Liabilty - GASB$310,577
Pensions - Deferred Inflow of Resources$5,195
OPEB - Deferred Inflow of Resources-
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, Section A, Line 8B

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

Form 990, Part VI, Section B, Line 11B

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

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

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, Section B, Line 15A 15B

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

Form 990, Part VI, Section C, Line 19

The Chief Financial Officer makes the schools 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
2019-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly Walter
Formed
1995
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
5
Employees
55

Preparer

Firm
Starr Tax & Accounting Services
Address
3247 Oak Leaf Place, Highlands Ranch, CO 80129
Preparer
Peggy J Starr
Phone
3039467642
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 8

As a result of implementation of GASB 75, Net Position was restated due to recording of the Net OPEB Liability and adjustments to Deferred Outflows of Resources, as of the end of the prior year.

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IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt09941028
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt024109
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0331861
IRS990/PensionPlanContributionsGrp/TotalAmt0355970
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011620
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04542
IRS990/PrincipalOfficerNm0Kimberly Walter
IRS990/PriorPeriodAdjustmentsAmt0-259106
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/Desc0Per Pupil Revenue
IRS990/ProgramServiceRevenueGrp/Desc1District Mill Levy
IRS990/ProgramServiceRevenueGrp/Desc2Tuition Fees
IRS990/ProgramServiceRevenueGrp/Desc3Food Service
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02639715
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1819664
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2298815
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt383849
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02639715
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1819664
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2298815
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt383849
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0440654
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt09460
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01481088
IRS990/PYOtherRevenueAmt04475
IRS990/PYProgramServiceRevenueAmt03734955
IRS990/PYRevenuesLessExpensesAmt0-1653584
IRS990/PYSalariesCompEmpBnftPaidAmt04362040
IRS990/PYTotalExpensesAmt05843128
IRS990/PYTotalRevenueAmt04189544
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-2481976
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt0347935
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03842043
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-5655312
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-8041484
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01016252
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01373132
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt09740203
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01870635
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011610838
IRS990ScheduleD/EquipmentGrp/BookValueAmt088453
IRS990ScheduleD/EquipmentGrp/DepreciationAmt055631
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0144084
IRS990ScheduleD/ExpensesSubtotalAmt06798290
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0112372
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt030280
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0142652
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05047288
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt145662
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outlfows of Resources, Pensions - GASB
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources, OPEB - GASB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013600472
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1310577
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2636325
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt35195
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Pension Liabilty - GASB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Pensions - Deferred Inflow of Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4OPEB - Deferred Inflow of Resources
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt04316314
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09941028
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05092950
IRS990ScheduleD/TotalExpensesPerForm990Amt06798290
IRS990ScheduleD/TotalLiabilityAmt014552569
IRS990ScheduleD/TotalRevenuePerForm990Amt04316314
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04316314
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06798290
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
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Per pupil revenue and grant money is received from the Colorado Department of Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0121385
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount02804
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt042430
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Kimberly Walter
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Principal
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0166619
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There are no committees with the authority to act on behalf of the governing board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A copy of the form 990 is given to the members of the board for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Annual salary surveys are done for the surrounding schools for similar positions. These comaprisons are given to the board prior to making a contract offer to the Principal.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Chief Financial Officer makes the schools governing documents, conflict of interest policy and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5As a result of implementation of GASB 75, Net Position was restated due to recording of the Net OPEB Liability and adjustments to Deferred Outflows of Resources, as of the end of the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, Line 8
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Eagle County Charter Academy Education Foundation

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