Civic Intelligence

Eagle County Charter Academy

990 • Fiscal year 2020 • EIN 27-3430689

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 05, 2021

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

86th percentile

0.81x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

2.22x

Higher debt load relative to revenue than 88% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

61st percentile

8.5%

Higher net margin than 61% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

52nd percentile

$178,711

Higher top officer pay than 52% of similar nonprofits.

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

5th percentile

-12%

Faster asset growth than 5% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

48th percentile

1.3%

Faster revenue growth than 48% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Down

$12,436,505

Down $1,746,579 (-12%) from 2019

Net Assets

Up

$2,372,808

Up $386,562 (+19%) from 2019

Liabilities

Down

$10,063,697

Down $2,133,141 (-17%) from 2019

Revenue

Up

$4,526,377

Up $60,266 (+1.3%) from 2019

Expenses

Down

$4,139,815

Down $239,594 (-5.5%) from 2019

Net Income

Up

$386,562

Up $299,860 (+346%) from 2019

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

2020

Assets$12,436,505
Liabilities$10,063,697
Net Assets$2,372,808

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

2020

Revenue$4,526,377
Expenses$4,139,815
Net Income$386,562
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 5, 2021
Return Version
2019v5.1
Gross Receipts
$4,526,377
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$9,554,190$9,175,251▼ $378,939
Pd in Cap Srpls Land Bldg Eqp Fund$9,554,190$9,171,723▼ $382,467
Savings and Temporary Cash Investments$1,556,399$2,073,626▲ $517,227
Cash and Non-Interest-Bearing Accounts$394,080$265,980▼ $128,100
Accounts Receivable$64,505$37,224▼ $27,281
Inventories for Sale or Use$14,549$12,801▼ $1,748
Prepaid Expenses and Deferred Charges$2,527$2,751▲ $224
Rtn Earn Endowment Incm Other Fnds$-7,567,944$-6,798,915▲ $769,029
Total Assets$14,183,084$12,436,505▼ $1,746,579
Other Assets Total$2,596,834$868,872▼ $1,727,962
Liabilities
Other Liabilities$11,680,484$9,353,898▼ $2,326,586
Accounts Payable and Accrued Expenses$503,557$510,350▲ $6,793
Deferred Revenue$12,797$199,449▲ $186,652
Total Liabilities$12,196,838$10,063,697▼ $2,133,141
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,986,246$2,372,808▲ $386,562
Total Liabilities and Net Assets / Fund Balance$14,183,084$12,436,505▼ $1,746,579

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,966,147$2,644,691$11,610,838
Equipment$149,780$164,546$314,326
Leasehold Improvements$41,152$24,933$66,085
Other Land Buildings$18,172$9,747$27,919
Other Assets Org$-3,528--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kimberly WalterPrincipalFT$133,538$45,172$178,710
Mike MoserDirector/Staff MemberFT$69,724$29,371$99,095
Ryanne ArnotDirector/Staff MemberFT$54,180$25,849$80,029

Board Members and Trustees

NameTitle
Shawn ColbyPresident
Jeff SampleVice President
Janine TrueDirector
Ryan GellerDirector
Mary Anne RedmondTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$432,087
Program Service Revenue
$4,085,219
Investment Income
$24,637
Other Revenue
$-15,566
All Other Contributions
$10,933
Change in Net Assets
$386,562

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,526,377
Revenue Not Reported on Form 990
$21,156
Total Revenue per Audited Statements
$4,547,533
Total Revenue per Form 990
$4,526,377
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,181,295
Other Expenses$958,520
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,751,131$348,098-$2,099,229
Depreciation Depletion$390,457$60,233-$450,690
Pension Plan Contributions$342,887$107,565-$450,452
Other Employee Benefits$371,562$53,825-$425,387
Fees for Services Other$261,238$87,939-$349,177
Comp Disqual Persons-$177,999-$177,999
Occupancy$76,435$13,488-$89,923
Information Technology$59,923--$59,923
Office Expenses$25,672$27,137-$52,809
Fees for Services Accounting-$30,309-$30,309
Payroll Taxes$23,310$4,918-$28,228
Insurance-$15,835-$15,835
Conferences and Meetings$7,035$3,091-$10,126
All Other Expenses-$3,528-$3,528
Fees for Services Legal-$1,500-$1,500
Advertising-$1,466-$1,466
Other Expenses$-486,180$-137,128-$-623,308
Total Functional Expenses$3,326,512$813,303$0$4,139,815

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,763,123
Expenses per Audited Statements$4,139,815
Total Expenses per Form 990$4,139,815
Expenses Not Reported on Form 990$623,308
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$5,590
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$5,273,920
Net OPEB Liability$3,764,330
Net Pension Liabilty - GASB$259,264
Pensions - Deferred Inflow of Resources$56,384
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 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
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
2021-02-05
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
53
Volunteers
150

Preparer

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

Financial Statement Notes

XI 2D

GASB Adjustments - Pension OPEB Liability

XI 2D

GASB Adjustments - Pension OPEB Liability

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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04918
IRS990/PayrollTaxesGrp/ProgramServicesAmt023310
IRS990/PayrollTaxesGrp/TotalAmt028228
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt09554190
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt09171723
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0107565
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0342887
IRS990/PensionPlanContributionsGrp/TotalAmt0450452
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02527
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02751
IRS990/PrincipalOfficerNm0Kimberly Walter
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/RelatedOrExemptFuncIncomeAmt03033527
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1861573
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2127683
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt362436
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03033527
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1861573
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2127683
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt362436
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0416585
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt037356
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01300713
IRS990/PYOtherRevenueAmt012998
IRS990/PYProgramServiceRevenueAmt03999172
IRS990/PYRevenuesLessExpensesAmt086702
IRS990/PYSalariesCompEmpBnftPaidAmt03078696
IRS990/PYTotalExpensesAmt04379409
IRS990/PYTotalRevenueAmt04466111
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0386562
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt0261657
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04064063
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-7567944
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-6798915
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01556399
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02073626
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
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/BookValueAmt08966147
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02644691
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011610838
IRS990ScheduleD/EquipmentGrp/BookValueAmt0149780
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0164546
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0314326
IRS990ScheduleD/ExpensesNotReportedAmt0623308
IRS990ScheduleD/ExpensesSubtotalAmt04139815
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt041152
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt024933
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt066085
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0837395
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt135005
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2-3528
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outlfows of Resources, Pensions - GASB
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources, OPEB - GASB
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Depreciation in Excess of Assets
IRS990ScheduleD/OtherExpensesIncludedAmt0623308
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt018172
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09747
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt027919
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05273920
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1259264
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23764330
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt356384
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/OtherRevenueAmt021156
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueNotReportedAmt021156
IRS990ScheduleD/RevenueSubtotalAmt04526377
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GASB Adjustments - Pension OPEB Liability
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GASB Adjustments - Pension OPEB Liability
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0XI 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1XI 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09175251
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0868872
IRS990ScheduleD/TotalExpensesPerForm990Amt04139815
IRS990ScheduleD/TotalLiabilityAmt09353898
IRS990ScheduleD/TotalRevenuePerForm990Amt04526377
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04547533
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04763123
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
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0133538

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