Civic Intelligence

Mountain Sage Community School

990 • Fiscal year 2024 • EIN 27-4313751

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 13, 2024

2310 East Prospect Road Ste AFort Collins, CO 80525

(970) 568-5456

Siviq Scores

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

Liabilities / Assets

91st percentile

0.88x

Higher debt load relative to assets than 91% of similar nonprofits.

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

Liabilities / Revenue

84th percentile

0.98x

Higher debt load relative to revenue than 84% of similar nonprofits.

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

Net Margin

3rd percentile

-102%

Higher net margin than 3% of similar nonprofits.

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

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

1st percentile

-48%

Faster asset growth than 1% of similar nonprofits.

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

Revenue Growth

50th percentile

8.1%

Faster revenue growth than 50% of similar nonprofits.

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

Assets

Down

$5,252,677

Down $4,800,243 (-48%) from 2023

Net Assets

Down

$620,172

Down $66,243 (-9.7%) from 2023

Liabilities

Down

$4,632,505

Down $4,734,000 (-51%) from 2023

Revenue

Up

$4,727,064

Up $354,673 (+8.1%) from 2023

Expenses

Up

$9,539,590

Up $5,307,104 (+125%) from 2023

Net Income

Down

-$4,812,526

Down $4,952,431 (-3540%) from 2023

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2016: $373,814Liabilities 2016: $99,735Net Assets 2016: $274,0792016Assets 2017: $392,802Liabilities 2017: $114,277Net Assets 2017: $278,5252017Assets 2018: $471,012Liabilities 2018: $116,863Net Assets 2018: $354,1492018Assets 2019: $768,586Liabilities 2019: $127,319Net Assets 2019: $641,2672019Assets 2021: $995,056Liabilities 2021: $209,196Net Assets 2021: $785,8602021Assets 2022: $9,865,077Liabilities 2022: $200,250Net Assets 2022: $9,664,8272022Assets 2023: $10,052,920Liabilities 2023: $9,366,505Net Assets 2023: $686,4152023Assets 2024: $5,252,677Liabilities 2024: $4,632,505Net Assets 2024: $620,1722024Assets 2025: $5,561,102Liabilities 2025: $4,582,801Net Assets 2025: $978,3012025

Highlighted filing

2024

Assets$5,252,677
Liabilities$4,632,505
Net Assets$620,172

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2016: $1,791,840Expenses 2016: $1,751,448Net Income 2016: $40,3922016Revenue 2017: $2,002,780Expenses 2017: $1,998,334Net Income 2017: $4,4462017Revenue 2018: $2,114,924Expenses 2018: $2,039,300Net Income 2018: $75,6242018Revenue 2019: $2,754,899Expenses 2019: $2,467,781Net Income 2019: $287,1182019Revenue 2021: $3,156,378Expenses 2021: $3,123,441Net Income 2021: $32,9372021Revenue 2022: $12,466,561Expenses 2022: $7,328,210Net Income 2022: $5,138,3512022Revenue 2023: $4,372,391Expenses 2023: $4,232,486Net Income 2023: $139,9052023Revenue 2024: $4,727,064Expenses 2024: $9,539,590Net Income 2024: -$4,812,5262024Revenue 2025: $4,857,142Expenses 2025: $4,515,930Net Income 2025: $341,2122025

Highlighted filing

2024

Revenue$4,727,064
Expenses$9,539,590
Net Income-$4,812,526
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$4,727,064
Mission and Program Overview

Mission

Cultivating the creative mind. Mountain sage community school offers waldorf-inspired, arts-integrated education, fully incorporating sustainable living practices into student learning. Each child will be empowered to cultivate meaningful connections to their intellectual, physical, emotional, social and creative capacities in healthy, safe and beautiful learning environments. Through a supportive community of peers, parents and teachers, each child will become a confident, self-directed and engaged learner, invested in his/her own education.

Mountain sage community school offers waldorf-inspired, arts-integrated education, fully incorporating sustainable living practices into student learning.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,694,121$3,696,637▲ $2,516
Cash and Non-Interest-Bearing Accounts$6,134,744$1,489,867▼ $4,644,877
Accounts Receivable$97,342$33,492▼ $63,850
Total Assets$10,052,920$5,252,677▼ $4,800,243
Other Assets Total$126,713$32,681▼ $94,032
Liabilities
Tax Exempt Bond Liabilities$8,990,000$4,216,863▼ $4,773,137
Other Liabilities$331,865$331,825▼ $40
Accounts Payable and Accrued Expenses$27,567$68,970▲ $41,403
Mortgage Notes Payable Secured by Investment Property$12,825$10,599▼ $2,226
Deferred Revenue$4,248$4,248→ $0
Total Liabilities$9,366,505$4,632,505▼ $4,734,000
Net Assets / Fund Balance
Net Assets With Donor Restrictions$126,241$444,540▲ $318,299
Net Assets Without Donor Restrictions$560,174$175,632▼ $384,542
Total Net Assets Fund Balance$686,415$620,172▼ $66,243
Total Liabilities and Net Assets / Fund Balance$10,052,920$5,252,677▼ $4,800,243

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,649,827$318,278-
Equipment$46,810$42,878-
Other Assets Org$32,681--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bryan KimbellPresident
Lica MazzettoVice President
Jon PointerDirector
Mackenzie MushelDirector
Troy WixsonSecretary
Mark GuttropfTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$175,712
Program Service Revenue
$4,524,067
Investment Income
$27,285
Other Revenue
$0
Change in Net Assets
$-4,812,526

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,727,064
Total Revenue per Audited Statements
$4,727,064
Total Revenue per Form 990
$4,727,064
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,795,561
Salaries, Compensation, and Employee Benefits$2,744,029
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$5,906,827--$5,906,827
Other Salaries and Wages$2,035,194$107,115-$2,142,309
Pension Plan Contributions$413,872$21,783-$435,655
Depreciation Depletion$154,023--$154,023
All Other Expenses$149,332--$149,332
Other Employee Benefits$125,918$6,627-$132,545
Fees for Services Accounting-$117,312-$117,312
Office Expenses$31,453$31,453-$62,906
Information Technology$21,927$21,927-$43,854
Fees for Services Legal-$36,143-$36,143
Payroll Taxes$31,844$1,676-$33,520
Other Expenses$27,391$13,366-$27,391
Advertising$22,057--$22,057
Total Functional Expenses$9,176,748$362,842$0$9,539,590

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,539,590
Total Expenses per Audited Statements$9,539,590
Total Expenses per Form 990$9,539,590
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
Accrued Salariesbenefits$231,231
Accrued Interest$100,594

Bond Issues

BondIssuerIssuedIssue PricePurpose
AColorado Educ & Cultural Fac2022-04-27$8,990,000BUILDING PURCHASE

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$11,979,200---

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Member election for additional members Part VI line 7A

Trustees shall be appointed by a majority vote of all trustees then serving. Appointments are to a term of either two or three years, so as to stagger terms, and a trustee may be re-appointed for additional terms. A trustee shall serve until such trustees successor has been appointed and qualified, or until the trustees earlier death, resignation or removal. Expiration of a term shall impose on the board a duty to reappoint or replace the trustees, but shall not by operation or these bylaws remove the trustees. New appointments shall be made each calendar year, generally during a meeting in june, july, or august, as needed to fill vacancies. No decrease in the number of trustees will have the effect of shortening the term of any incumbent trustees.

Form 990 governing body review Part VI line 11

The 990 is reviewed by the board prior to filing.

Conflict of interest policy compliance Part VI line 12C

The organization reviews the policy each year. Throughout the year, they will ask if there are any possible conflicts with anything, and if there is, the board member will recuse themselves from voting on that issue.

Form 990 availability to public Part VI line 18

The form 990 is posted to the schools website and is available for the public to review.

Governing documents etc available to public Part VI line 19

Colorado law requires all schools to post the following information on the schools website:district adopted budget-including uniform budget summary current and prior two years, district financial audit current and prior two years, quarterly financial statements current and prior two years, salary schedules or policies current and prior two years, list of waivers received, individual school site financial information current and prior two years, and other district specific financial information. The school also posts its governing documents, form 990, and conflict of interest policy.

Filing and Contact Details

Filer

Filer Name
Mountain Sage Community School
EIN
27-4313751
Address
2310 EAST PROSPECT ROAD STE A, FORT COLLINS, CO 80525

Signing Officer

Name
Liv Helmericks
Title
Executive Direc
Phone
9705685456
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
81
Volunteers
265

Preparer

Firm
Emmons Accounting LLC
Address
7539 Triangle Drive, Fort Collins, CO 80525
Preparer
Angela Emmons
Phone
9703109319
Supplemental Narrative

Additional Explanations

Part III response or note to any other line in Part III

Form 990, part iii, line 1- organization missioncultivating the creative mind. Mountain sage community school offers waldorf-inspired, arts-integrated education, fully incorporating sustainable living practices into student learning. Each child will be empowered to cultivate meaningful connections to their intellectual, physical,emotional, social and creative capacities in healthy, safe and beautiful learning environments. Through a supportive community of peers, parents, and teachers, each child will become a confident, self-directed and engaged leader, invested in his/her own education.

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IRS990/PYTotalRevenueAmt04372391
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IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0318278
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IRS990ScheduleD/EquipmentGrp/BookValueAmt046810
IRS990ScheduleD/EquipmentGrp/DepreciationAmt042878
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt032681
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PREPAID EXPENSES
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1100594
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED SALARIESBENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt03696637
IRS990ScheduleD/TotalBookValueOtherAssetsAmt032681
IRS990ScheduleD/TotalExpensesPerForm990Amt09539590
IRS990ScheduleD/TotalLiabilityAmt0331825
IRS990ScheduleD/TotalRevenuePerForm990Amt04727064
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04727064
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09539590
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0SCHEDULE E, LINE 6- EXPLANATION OF AID OR ASSISTANCE FROM GOVERNMENTAL AGENCYMOUNTAIN SAGE COMMUNITY SCHOOL RECEIVES PER PUPIL REVENUE BASED ON A FULL TIME EQUIVALENT STUDENT AMOUNT.THE AMOUNT PER FTE IS DETERMINED EACH YEAR BY STATE LEGISLATURE. THE PER PUPIL REVENUE FOR THE 2023-2024 YEAR WAS APPROXIMATELY $9895.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Governmental Agency Financial Aid (Questions 6a and 6b)
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02022-04-27
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0840896727
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt08990000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0COLORADO EDUC & CULTURAL FAC
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0BUILDING PURCHASE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRUSTEES SHALL BE APPOINTED BY A MAJORITY VOTE OF ALL TRUSTEES THEN SERVING. APPOINTMENTS ARE TO A TERM OF EITHER TWO OR THREE YEARS, SO AS TO STAGGER TERMS, AND A TRUSTEE MAY BE RE-APPOINTED FOR ADDITIONAL TERMS. A TRUSTEE SHALL SERVE UNTIL SUCH TRUSTEES SUCCESSOR HAS BEEN APPOINTED AND QUALIFIED, OR UNTIL THE TRUSTEES EARLIER DEATH, RESIGNATION OR REMOVAL. EXPIRATION OF A TERM SHALL IMPOSE ON THE BOARD A DUTY TO REAPPOINT OR REPLACE THE TRUSTEES, BUT SHALL NOT BY OPERATION OR THESE BYLAWS REMOVE THE TRUSTEES. NEW APPOINTMENTS SHALL BE MADE EACH CALENDAR YEAR, GENERALLY DURING A MEETING IN JUNE, JULY, OR AUGUST, AS NEEDED TO FILL VACANCIES. NO DECREASE IN THE NUMBER OF TRUSTEES WILL HAVE THE EFFECT OF SHORTENING THE TERM OF ANY INCUMBENT TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REVIEWS THE POLICY EACH YEAR. THROUGHOUT THE YEAR, THEY WILL ASK IF THERE ARE ANY POSSIBLE CONFLICTS WITH ANYTHING, AND IF THERE IS, THE BOARD MEMBER WILL RECUSE THEMSELVES FROM VOTING ON THAT ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS POSTED TO THE SCHOOLS WEBSITE AND IS AVAILABLE FOR THE PUBLIC TO REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COLORADO LAW REQUIRES ALL SCHOOLS TO POST THE FOLLOWING INFORMATION ON THE SCHOOLS WEBSITE:DISTRICT ADOPTED BUDGET-INCLUDING UNIFORM BUDGET SUMMARY CURRENT AND PRIOR TWO YEARS, DISTRICT FINANCIAL AUDIT CURRENT AND PRIOR TWO YEARS, QUARTERLY FINANCIAL STATEMENTS CURRENT AND PRIOR TWO YEARS, SALARY SCHEDULES OR POLICIES CURRENT AND PRIOR TWO YEARS, LIST OF WAIVERS RECEIVED, INDIVIDUAL SCHOOL SITE FINANCIAL INFORMATION CURRENT AND PRIOR TWO YEARS, AND OTHER DISTRICT SPECIFIC FINANCIAL INFORMATION. THE SCHOOL ALSO POSTS ITS GOVERNING DOCUMENTS, FORM 990, AND CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990, PART III, LINE 1- ORGANIZATION MISSIONCULTIVATING THE CREATIVE MIND. MOUNTAIN SAGE COMMUNITY SCHOOL OFFERS WALDORF-INSPIRED, ARTS-INTEGRATED EDUCATION, FULLY INCORPORATING SUSTAINABLE LIVING PRACTICES INTO STUDENT LEARNING. EACH CHILD WILL BE EMPOWERED TO CULTIVATE MEANINGFUL CONNECTIONS TO THEIR INTELLECTUAL, PHYSICAL,EMOTIONAL, SOCIAL AND CREATIVE CAPACITIES IN HEALTHY, SAFE AND BEAUTIFUL LEARNING ENVIRONMENTS. THROUGH A SUPPORTIVE COMMUNITY OF PEERS, PARENTS, AND TEACHERS, EACH CHILD WILL BECOME A CONFIDENT, SELF-DIRECTED AND ENGAGED LEADER, INVESTED IN HIS/HER OWN EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part III response or note to any other line in Part III
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt09176748
IRS990/TotalFunctionalExpensesGrp/TotalAmt09539590
IRS990/TotalGrossUBIAmt00
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IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.mountainsage.org
IRS990/WhistleblowerPolicyInd0false

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