Civic Intelligence

Loveland Classical Schools

990 • Fiscal year 2018 • EIN 27-5263381

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 06, 2019

Organization Profilewww.lovelandlcassical.org
3835 14th Street SWLoveland, CO 80537

(970) 541-1507

Siviq Scores

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

Liabilities / Assets

99th percentile

2.21x

Higher debt load relative to assets than 99% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

91st percentile

2.92x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

6th percentile

-47%

Higher net margin than 6% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

51st percentile

$123,694

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

68th percentile

7.3%

Faster asset growth than 68% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

72nd percentile

16%

Faster revenue growth than 72% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$9,116,085

Up $621,118 (+7.3%) from 2017

Net Assets

Down

-$11,074,004

Down $3,611,423 (-48%) from 2017

Liabilities

Up

$20,190,089

Up $4,232,541 (+27%) from 2017

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin6th percentile

Revenue

Up

$6,922,923

Up $929,518 (+16%) from 2017

Expenses

Up

$10,163,715

Up $1,658,113 (+19%) from 2017

Net Income

Down

-$3,240,792

Down $728,595 (-29%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

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

$40M$20M$0-$20MAssets 2015: $1,714,729Liabilities 2015: $6,611,690Net Assets 2015: -$4,896,9612015Assets 2016: $3,162,142Liabilities 2016: $8,112,526Net Assets 2016: -$4,950,3842016Assets 2017: $8,494,967Liabilities 2017: $15,957,548Net Assets 2017: -$7,462,5812017Assets 2018: $9,116,085Liabilities 2018: $20,190,089Net Assets 2018: -$11,074,0042018Assets 2019: $6,679,938Liabilities 2019: $17,081,854Net Assets 2019: -$10,401,9162019Assets 2020: $27,213,028Liabilities 2020: $36,532,408Net Assets 2020: -$9,319,3802020Assets 2021: $9,001,943Liabilities 2021: $15,265,903Net Assets 2021: -$6,263,9602021Assets 2022: $8,662,189Liabilities 2022: $11,610,709Net Assets 2022: -$2,948,5202022Assets 2023: $10,842,363Liabilities 2023: $12,153,594Net Assets 2023: -$1,311,2312023Assets 2024: $13,383,371Liabilities 2024: $13,897,884Net Assets 2024: -$514,5132024

Highlighted filing

2018

Assets$9,116,085
Liabilities$20,190,089
Net Assets-$11,074,004
Open 2018 Filing

Operations Trend

Revenue Growth72nd percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2015: $4,759,978Expenses 2015: $4,740,862Net Income 2015: $19,1162015Revenue 2016: $5,609,714Expenses 2016: $5,663,137Net Income 2016: -$53,4232016Revenue 2017: $5,993,405Expenses 2017: $8,505,602Net Income 2017: -$2,512,1972017Revenue 2018: $6,922,923Expenses 2018: $10,163,715Net Income 2018: -$3,240,7922018Revenue 2019: $8,275,480Expenses 2019: $7,603,392Net Income 2019: $672,0882019Revenue 2020: $9,878,379Expenses 2020: $8,398,379Net Income 2020: $1,480,0002020Revenue 2021: $9,762,112Expenses 2021: $7,183,213Net Income 2021: $2,578,8992021Revenue 2022: $10,286,150Expenses 2022: $6,970,710Net Income 2022: $3,315,4402022Revenue 2023: $12,227,448Expenses 2023: $10,590,159Net Income 2023: $1,637,2892023Revenue 2024: $13,183,268Expenses 2024: $12,386,550Net Income 2024: $796,7182024

Highlighted filing

2018

Revenue$6,922,923
Expenses$10,163,715
Net Income-$3,240,792
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 6, 2019
Return Version
2017v2.3
Gross Receipts
$6,922,923
Mission and Program Overview

Mission

Loveland Classical Schools assists parents in developing young minds with virtuous character, critical thinking skills, and a passion for learning to become exceptional community stewards

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,698,507$1,914,324▲ $215,817
Cash and Non-Interest-Bearing Accounts$171,799$236,820▲ $65,021
Accounts Receivable$59,998$83,800▲ $23,802
Land, Buildings, and Equipment, Net$73,708$53,969▼ $19,739
Pd in Cap Srpls Land Bldg Eqp Fund$73,708$53,969▼ $19,739
Prepaid Expenses and Deferred Charges$9,791$30,226▲ $20,435
Pledges and Grants Receivable$27,816$1,808▼ $26,008
Rtn Earn Endowment Incm Other Fnds$-7,536,289$-11,127,973▼ $3,591,684
Total Assets$8,494,967$9,116,085▲ $621,118
Other Assets Total$6,453,348$6,795,138▲ $341,790
Liabilities
Other Liabilities$15,627,946$19,829,082▲ $4,201,136
Accounts Payable and Accrued Expenses$310,682$344,717▲ $34,035
Deferred Revenue$18,920$16,290▼ $2,630
Total Liabilities$15,957,548$20,190,089▲ $4,232,541
Net Assets / Fund Balance
Total Net Assets Fund Balance$-7,462,581$-11,074,004▼ $3,611,423
Total Liabilities and Net Assets / Fund Balance$8,494,967$9,116,085▲ $621,118

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements-$136,656$136,656
Equipment$53,969$71,527$125,496
Other Assets Org$51,262--
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ian StoutExecutive DirectorFT$96,060$27,634$123,694

Board Members and Trustees

NameTitle
William HutchisnonChair
Howard WengerDirector/Chair
Kim BarnesPresident
Denise DicksDirector
Frank McArthurDirector
Jed LinkDirector
John LehnerSecretary
Bruce FingerVP/Treasurer
Josh DartVP/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$433,506
Program Service Revenue
$6,448,677
Investment Income
$25,420
Other Revenue
$15,320
All Other Contributions
$2,145
Change in Net Assets
$-3,240,792

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,922,923
Total Revenue per Audited Statements
$6,922,923
Total Revenue per Form 990
$6,922,923
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,322,803
Other Expenses$2,840,912
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Pension Plan Contributions$3,305,510$724,707-$4,030,217
Other Salaries and Wages$2,350,795$515,843-$2,866,638
Occupancy$947,057$236,764-$1,183,821
Fees for Services Other$245,359$105,191-$350,550
Other Employee Benefits$188,827$77,329-$266,156
Current Officers, Directors, Trustees, and Key Employees-$120,136-$120,136
Payroll Taxes$28,371$11,285-$39,656
Insurance$31,114$7,779-$38,893
Office Expenses-$29,225-$29,225
Other Expenses$28,569$65,981-$28,569
All Other Expenses$17,327$4,331-$21,658
Depreciation Depletion$15,792$3,947-$19,739
Advertising-$13,931-$13,931
Travel$6,785$2,497-$9,282
Fees for Services Accounting-$9,000-$9,000
Fees for Services Legal-$4,626-$4,626
Total Functional Expenses$8,094,779$2,068,936$0$10,163,715

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,163,715
Total Expenses per Audited Statements$10,163,715
Total Expenses per Form 990$10,163,715
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,593
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$18,634,445
Net OPEB Liability$761,986
Net Pension Liability$425,532
Deferred Inflows - Pensions$7,119
Deferred Inflows - OPEB-
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 8

“No committees have the authority to make decisions on behalf of the governing board.”

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

“A copy is provided to all board members prior to filing”

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

“All board members are required to disclose at any time an issue is voted upon, if they have a conflict.”

Form 990, Part VI, Section B, Line 15A

“Loveland Classical Schools Board of Directors used the following efforts in setting compensation for key employees review of other schools including school districts and charter schools pay schedules, comparison of skill sets, pay schedules and job descriptions. Advice was also sought from other finance departments within education district, charter and Colorado League of Charter Schools. Assistance was sought from people with financial backgrounds. The board used the evaluation tool recommended by the head of schools of choice unit for the Colorado Department of Education for the principal review process.”

Form 990, Part VI, Section B, Line 15B

“Loveland Classical Schools board of directors used the following efforts in setting compensation for key employees review of other schools including school districts and charter schools pay schedules, comparison of skill sets, pay schedules and job descriptions. Advice was also sought from other finance departments within education district, charter and Colorado League of Charter Schools. Assistance was sought from people with financial backgrounds. The board used the evaluation tool recommended by the head of schools of choice unit for the Colorado Department of Education for the principal review process.”

Form 990, Part VI, Section C, Line 19

“Financial statements are available to the public.”

Filing and Contact Details

Filer

Filer Name
Loveland Classical Schools
EIN
27-5263381
Phone
9705411507
Address
3835 14th Street SW, Loveland, CO 80537

Signing Officer

Name
Ian Stout
Title
Executive Director
Signed
2019-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Stout
Formed
2011
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
143
Volunteers
359

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

“Restated for adoption of GASB 75”

Raw XML AppendixShowing 400 of 542 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0310682
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0344717
IRS990/AccountsReceivableGrp/BOYAmt059998
IRS990/AccountsReceivableGrp/EOYAmt083800
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Loveland Classical Schools assists parents in developing young minds with virtuous character, critical thinking skills, and a passion for learning to become exceptional community stewards
IRS990/AdvertisingGrp/ManagementAndGeneralAmt013931
IRS990/AdvertisingGrp/TotalAmt013931
IRS990/AllOtherContributionsAmt02145
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt04331
IRS990/AllOtherExpensesGrp/ProgramServicesAmt017327
IRS990/AllOtherExpensesGrp/TotalAmt021658
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Loveland Classical Schools
IRS990/BooksInCareOfDetail/PhoneNum09075411507
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03835 14th Street SW
IRS990/BooksInCareOfDetail/USAddress/CityNm0Loveland
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CO
IRS990/BooksInCareOfDetail/USAddress/ZIPCd080537
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0171799
IRS990/CashNonInterestBearingGrp/EOYAmt0236820
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0120136
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0120136
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0433506
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt025420
IRS990/CYOtherExpensesAmt02840912
IRS990/CYOtherRevenueAmt015320
IRS990/CYProgramServiceRevenueAmt06448677
IRS990/CYRevenuesLessExpensesAmt0-3240792
IRS990/CYSalariesCompEmpBnftPaidAmt07322803
IRS990/CYTotalExpensesAmt010163715
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06922923
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt018920
IRS990/DeferredRevenueGrp/EOYAmt016290
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt03947
IRS990/DepreciationDepletionGrp/ProgramServicesAmt015792
IRS990/DepreciationDepletionGrp/TotalAmt019739
IRS990/Desc0Provide education to approximately 760 studend in grades K-12.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0143
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt08094779
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09000
IRS990/FeesForServicesAccountingGrp/TotalAmt09000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt04626
IRS990/FeesForServicesLegalGrp/TotalAmt04626
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0105191
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0245359
IRS990/FeesForServicesOtherGrp/TotalAmt0350550
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt7001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt8001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt9040.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt927634
IRS990/Form990PartVIISectionAGrp/PersonNm0Kim Barnes
IRS990/Form990PartVIISectionAGrp/PersonNm1Josh Dart
IRS990/Form990PartVIISectionAGrp/PersonNm2Bruce Finger
IRS990/Form990PartVIISectionAGrp/PersonNm3John Lehner
IRS990/Form990PartVIISectionAGrp/PersonNm4Howard Wenger
IRS990/Form990PartVIISectionAGrp/PersonNm5Denise Dicks
IRS990/Form990PartVIISectionAGrp/PersonNm6William Hutchisnon
IRS990/Form990PartVIISectionAGrp/PersonNm7Jed Link
IRS990/Form990PartVIISectionAGrp/PersonNm8Frank McArthur
IRS990/Form990PartVIISectionAGrp/PersonNm9Ian Stout
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt996060
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director/Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Executive Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingGrossIncomeAmt01593
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt0404074
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt06922923
IRS990/GrossRentsGrp/RealAmt01120
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt07779
IRS990/InsuranceGrp/ProgramServicesAmt031114
IRS990/InsuranceGrp/TotalAmt038893
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt025420
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt025420
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0208183
IRS990/LandBldgEquipBasisNetGrp/BOYAmt073708
IRS990/LandBldgEquipBasisNetGrp/EOYAmt053969
IRS990/LandBldgEquipCostOrOtherBssAmt0262152
IRS990/LegalDomicileStateCd0CO
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Loveland Classical Schools assists parents in developing young minds with virtuous character, critical thinking skills, and a passion for learning to become exceptional community stewards
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-7462581
IRS990/NetAssetsOrFundBalancesEOYAmt0-11074004
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt01593
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt01593
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt01120
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01120
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0236764
IRS990/OccupancyGrp/ProgramServicesAmt0947057
IRS990/OccupancyGrp/TotalAmt01183821
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt029225
IRS990/OfficeExpensesGrp/TotalAmt029225
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06453348
IRS990/OtherAssetsTotalGrp/EOYAmt06795138
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt077329
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0188827
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0266156
IRS990/OtherExpensesGrp/Desc0SPED Purchased Services
IRS990/OtherExpensesGrp/Desc1Supplies Books
IRS990/OtherExpensesGrp/Desc2Non-Capitalized Equipment
IRS990/OtherExpensesGrp/Desc3Copier Lease
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0136364
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt165981
IRS990/OtherExpensesGrp/ProgramServicesAmt0818229
IRS990/OtherExpensesGrp/ProgramServicesAmt168751
IRS990/OtherExpensesGrp/ProgramServicesAmt242293
IRS990/OtherExpensesGrp/ProgramServicesAmt328569
IRS990/OtherExpensesGrp/TotalAmt0818229
IRS990/OtherExpensesGrp/TotalAmt1205115
IRS990/OtherExpensesGrp/TotalAmt2108274
IRS990/OtherExpensesGrp/TotalAmt328569
IRS990/OtherLiabilitiesGrp/BOYAmt015627946
IRS990/OtherLiabilitiesGrp/EOYAmt019829082
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Insurance Claims
IRS990/OtherRevenueMiscGrp/ExclusionAmt012607
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012607
IRS990/OtherRevenueTotalAmt012607
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0515843
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02350795
IRS990/OtherSalariesAndWagesGrp/TotalAmt02866638
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011285
IRS990/PayrollTaxesGrp/ProgramServicesAmt028371
IRS990/PayrollTaxesGrp/TotalAmt039656
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt073708
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt053969
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0724707
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03305510
IRS990/PensionPlanContributionsGrp/TotalAmt04030217
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt027816
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01808
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09791
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt030226
IRS990/PrincipalOfficerNm0Dan Stout
IRS990/PriorPeriodAdjustmentsAmt0-370631
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0Per Pupil Revenue
IRS990/ProgramServiceRevenueGrp/Desc1District Incremental
IRS990/ProgramServiceRevenueGrp/Desc2Student Activities
IRS990/ProgramServiceRevenueGrp/Desc3Materials
IRS990/ProgramServiceRevenueGrp/Desc4Kindergarten Tuition
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06022865
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1259585
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt265996
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt337374
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt462417
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06022865
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1259585
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt265996
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt337374
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt462417
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0453753
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt015533
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02388622
IRS990/PYOtherRevenueAmt01330
IRS990/PYProgramServiceRevenueAmt05522789
IRS990/PYRevenuesLessExpensesAmt0-2512197
IRS990/PYSalariesCompEmpBnftPaidAmt06116980
IRS990/PYTotalExpensesAmt08505602
IRS990/PYTotalRevenueAmt05993405
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-3240792
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt027287
IRS990/RentalIncomeOrLossGrp/RealAmt01120
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt06448677
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-7536289
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-11127973
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01698507
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01914324
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt053969
IRS990ScheduleD/EquipmentGrp/DepreciationAmt071527
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0125496
IRS990ScheduleD/ExpensesSubtotalAmt010163715
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0136656
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0136656
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06743876
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt151262
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows - Pensions
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows - OPEB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018634445
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1425532
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2761986
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt37119
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred Inflows - Pensions
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Deferred Inflows - OPEB
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt06922923
IRS990ScheduleD/TotalBookValueLandBuildingsAmt053969
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06795138
IRS990ScheduleD/TotalExpensesPerForm990Amt010163715
IRS990ScheduleD/TotalLiabilityAmt019829082
IRS990ScheduleD/TotalRevenuePerForm990Amt06922923
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06922923
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010163715
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 grants are received from the Colorado Department of Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No committees have the authority to make decisions on behalf of the governing board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A copy is provided to all board members prior to filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All board members are required to disclose at any time an issue is voted upon, if they have a conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Loveland Classical Schools Board of Directors used the following efforts in setting compensation for key employees review of other schools including school districts and charter schools pay schedules, comparison of skill sets, pay schedules and job descriptions. Advice was also sought from other finance departments within education district, charter and Colorado League of Charter Schools. Assistance was sought from people with financial backgrounds. The board used the evaluation tool recommended by the head of schools of choice unit for the Colorado Department of Education for the principal review process.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Loveland Classical Schools board of directors used the following efforts in setting compensation for key employees review of other schools including school districts and charter schools pay schedules, comparison of skill sets, pay schedules and job descriptions. Advice was also sought from other finance departments within education district, charter and Colorado League of Charter Schools. Assistance was sought from people with financial backgrounds. The board used the evaluation tool recommended by the head of schools of choice unit for the Colorado Department of Education for the principal review process.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Financial statements are available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Restated for adoption of GASB 75
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,116,085
Liabilities
$20,190,089
Net assets
-$11,074,004
Revenue
$6,922,923
Expenses
$10,163,715
Net income
-$3,240,792
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.4$13.9$0.51$13.2$12.4$0.80
2023Detailed filing. Detailed filing data is available for this year.$10.8$12.2$1.31$12.2$10.6$1.64
2022Detailed filing. Detailed filing data is available for this year.$8.66$11.6$2.95$10.3$6.97$3.32
2021Detailed filing. Detailed filing data is available for this year.$9.00$15.3$6.26$9.76$7.18$2.58
2020Detailed filing. Detailed filing data is available for this year.$27.2$36.5$9.32$9.88$8.40$1.48
2019Detailed filing. Detailed filing data is available for this year.$6.68$17.1$10.4$8.28$7.60$0.67
2018Detailed filing. Detailed filing data is available for this year.$9.12$20.2$11.1$6.92$10.2$3.24
2017Detailed filing. Detailed filing data is available for this year.$8.49$16.0$7.46$5.99$8.51$2.51
2016Detailed filing. Detailed filing data is available for this year.$3.16$8.11$4.95$5.61$5.66$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.71$6.61$4.90$4.76$4.74$0.02