Civic Intelligence

Eagle County Charter Academy

990 • Fiscal year 2021 • EIN 27-3430689

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 24, 2022

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

85th percentile

0.71x

Higher debt load relative to assets than 85% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

88th percentile

1.94x

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

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

72nd percentile

26%

Higher net margin than 72% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

58th percentile

$195,269

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

26th percentile

1.2%

Faster asset growth than 26% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

33rd percentile

2.2%

Faster revenue growth than 33% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$12,590,744

Up $154,239 (+1.2%) from 2020

Net Assets

Up

$3,592,383

Up $1,219,575 (+51%) from 2020

Liabilities

Down

$8,998,361

Down $1,065,336 (-11%) from 2020

Revenue

Up

$4,628,049

Up $101,672 (+2.2%) from 2020

Expenses

Down

$3,408,474

Down $731,341 (-18%) from 2020

Net Income

Up

$1,219,575

Up $833,013 (+215%) from 2020

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

2021

Assets$12,590,744
Liabilities$8,998,361
Net Assets$3,592,383

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

2021

Revenue$4,628,049
Expenses$3,408,474
Net Income$1,219,575
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 24, 2022
Return Version
2020v4.1
Gross Receipts
$4,628,049
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
Pd in Cap Srpls Land Bldg Eqp Fund$9,171,723$8,832,999▼ $338,724
Land, Buildings, and Equipment, Net$9,175,251$8,829,470▼ $345,781
Savings and Temporary Cash Investments$2,073,626$1,756,899▼ $316,727
Cash and Non-Interest-Bearing Accounts$265,980$384,010▲ $118,030
Accounts Receivable$37,224$111,115▲ $73,891
Inventories for Sale or Use$12,801$10,893▼ $1,908
Prepaid Expenses and Deferred Charges$2,751$3,025▲ $274
Rtn Earn Endowment Incm Other Fnds$-6,798,915$-5,240,616▲ $1,558,299
Total Assets$12,436,505$12,590,744▲ $154,239
Other Assets Total$868,872$1,495,332▲ $626,460
Liabilities
Other Liabilities$9,353,898$8,493,859▼ $860,039
Accounts Payable and Accrued Expenses$510,350$473,341▼ $37,009
Deferred Revenue$199,449$31,161▼ $168,288
Total Liabilities$10,063,697$8,998,361▼ $1,065,336
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,372,808$3,592,383▲ $1,219,575
Total Liabilities and Net Assets / Fund Balance$12,436,505$12,590,744▲ $154,239

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,579,119$3,031,719$11,610,838
Equipment$148,511$212,605$361,116
Other Land Buildings$64,117$24,797$88,914
Leasehold Improvements$37,723$28,362$66,085
Other Assets Org$3,529--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kimberly WalterPrincipalFT$137,741$57,528$195,269
Mike MoserDirector/Staff MemberFT$69,105$30,002$99,107
Ryanne ArnotDirector/Staff MemberFT$53,046$26,372$79,418

Board Members and Trustees

NameTitle
Shawn ColbyPresident
Amy GreerVice President
Clauida QuijanoDirector
Ryan GellerDirector
Mary Anne RedmondTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$588,956
Program Service Revenue
$4,036,395
Investment Income
$2,682
Other Revenue
$16
All Other Contributions
$246,634
Change in Net Assets
$1,219,575

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,628,049
Total Revenue per Audited Statements
$4,628,049
Total Revenue per Form 990
$4,628,049
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,175,180
Other Expenses$233,294
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,735,890$335,320-$2,071,210
Other Employee Benefits$425,680$65,858-$491,538
Depreciation Depletion$396,870$56,696-$453,566
Pension Plan Contributions$290,453$93,379-$383,832
Fees for Services Other$246,614$87,220-$333,834
Current Officers, Directors, Trustees, and Key Employees-$202,173-$202,173
Occupancy$79,015$13,944-$92,959
Information Technology$60,939--$60,939
Office Expenses$30,109$29,391-$59,500
Fees for Services Accounting-$29,126-$29,126
Payroll Taxes$21,518$4,909-$26,427
Insurance-$17,875-$17,875
Advertising-$6,000-$6,000
Travel$2,867$2,601-$5,468
Fees for Services Legal-$610-$610
All Other Expenses$-7,056--$-7,056
Other Expenses$-1,153,963$-325,477-$-1,479,440
Total Functional Expenses$2,780,502$627,972$0$3,408,474

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,415,530
Expenses per Audited Statements$3,408,474
Total Expenses per Audited Statements$3,408,474
Expenses Not Reported on Financial Statements$7,056
Other Expense Adjustments$7,056
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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$5,704,714
Net OPEB Liability$2,494,920
Net Pension Liabilty - GASB$207,349
Pensions - Deferred Inflow of Resources$86,876
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
Executive Director
Signed
2022-01-24
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
49
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

XII 4B

Cumulative variance between book/tax depreciation.

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IRS990/PayrollTaxesGrp/TotalAmt026427
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt093379
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0290453
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IRS990/ProgramServiceRevenueGrp/Desc0Per Pupil Revenue
IRS990/ProgramServiceRevenueGrp/Desc1District Mill Levy
IRS990/ProgramServiceRevenueGrp/Desc2Tuition Fees
IRS990/ProgramServiceRevenueGrp/Desc3Food Service
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02998912
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1914772
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt351707
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1914772
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IRS990/PYInvestmentIncomeAmt024637
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IRS990/PYOtherExpensesAmt0958520
IRS990/PYOtherRevenueAmt0-15566
IRS990/PYProgramServiceRevenueAmt04085219
IRS990/PYRevenuesLessExpensesAmt0386562
IRS990/PYSalariesCompEmpBnftPaidAmt03181295
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IRS990/PYTotalRevenueAmt04526377
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IRS990/ReconcilationRevenueExpnssAmt01219575
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IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
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IRS990/RevenueAmt04036411
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt02073626
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01756899
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt03031719
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0148511
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0212605
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4OPEB - Deferred Inflow of Resources
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
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IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0137741
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt029704
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Kimberly Walter
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Principal
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