Civic Intelligence

Loveland Classical Schools

990 • Fiscal year 2019 • EIN 27-5263381

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 26, 2020

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

2.56x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

89th percentile

2.06x

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

63rd percentile

8.1%

Higher net margin than 63% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

54th percentile

$130,569

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

3rd percentile

-27%

Faster asset growth than 3% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

77th percentile

20%

Faster revenue growth than 77% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$6,679,938

Down $2,436,147 (-27%) from 2018

Net Assets

Up

-$10,401,916

Up $672,088 (+6.1%) from 2018

Liabilities

Down

$17,081,854

Down $3,108,235 (-15%) from 2018

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin63rd percentile

Revenue

Up

$8,275,480

Up $1,352,557 (+20%) from 2018

Expenses

Down

$7,603,392

Down $2,560,323 (-25%) from 2018

Net Income

Up

$672,088

Up $3,912,880 (+121%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth3rd 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

2019

Assets$6,679,938
Liabilities$17,081,854
Net Assets-$10,401,916
Open 2019 Filing

Operations Trend

Revenue Growth77th 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

2019

Revenue$8,275,480
Expenses$7,603,392
Net Income$672,088
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 26, 2020
Return Version
2018v3.1
Gross Receipts
$8,275,480
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$1,914,324$2,477,125▲ $562,801
Land, Buildings, and Equipment, Net$53,969$320,750▲ $266,781
Pd in Cap Srpls Land Bldg Eqp Fund$53,969$320,750▲ $266,781
Cash and Non-Interest-Bearing Accounts$236,820$297,261▲ $60,441
Accounts Receivable$83,800$119,623▲ $35,823
Prepaid Expenses and Deferred Charges$30,226$23,511▼ $6,715
Pledges and Grants Receivable$1,808--
Rtn Earn Endowment Incm Other Fnds$-11,127,973$-10,722,666▲ $405,307
Total Assets$9,116,085$6,679,938▼ $2,436,147
Other Assets Total$6,795,138$3,441,668▼ $3,353,470
Liabilities
Other Liabilities$19,829,082$16,587,834▼ $3,241,248
Accounts Payable and Accrued Expenses$344,717$491,736▲ $147,019
Deferred Revenue$16,290$2,284▼ $14,006
Total Liabilities$20,190,089$17,081,854▼ $3,108,235
Net Assets / Fund Balance
Total Net Assets Fund Balance$-11,074,004$-10,401,916▲ $672,088
Total Liabilities and Net Assets / Fund Balance$9,116,085$6,679,938▼ $2,436,147

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$125,310$167,983$293,293
Other Land Buildings$152,508-$152,508
Equipment$42,932$90,019$132,951
Other Assets Org$74,388--
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ian StoutExecutive DirectorFT$104,305$26,264$130,569

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$501,347
Program Service Revenue
$7,726,944
Investment Income
$43,571
Other Revenue
$3,618
All Other Contributions
$7,610
Change in Net Assets
$672,088

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,275,480
Total Revenue per Audited Statements
$8,275,480
Total Revenue per Form 990
$8,275,480
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,352,762
Other Expenses$3,250,630
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,635,701$519,852-$3,155,553
Occupancy$1,171,747$292,937-$1,464,684
Pension Plan Contributions$585,608$131,761-$717,369
Fees for Services Other$202,837$115,350-$318,187
Other Employee Benefits$273,462$32,195-$305,657
Current Officers, Directors, Trustees, and Key Employees-$129,751-$129,751
Depreciation Depletion$39,855$9,964-$49,819
Payroll Taxes$36,520$7,912-$44,432
Insurance$32,619$8,155-$40,774
Other Expenses$35,760$26,002-$35,760
All Other Expenses$24,327$6,082-$30,409
Office Expenses-$28,071-$28,071
Advertising-$19,546-$19,546
Fees for Services Legal-$14,269-$14,269
Fees for Services Accounting-$9,500-$9,500
Travel$2,863$2,012-$4,875
Total Functional Expenses$6,108,302$1,495,090$0$7,603,392

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,603,392
Total Expenses per Audited Statements$7,603,392
Total Expenses per Form 990$7,603,392
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$9,488,389
Net OPEB Liability$6,624,836
Net Pension Liability$473,888
Deferred Inflows - Pensions$721
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
2020-02-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ian Stout
Formed
2011
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
149
Volunteers
322

Preparer

Firm
Starr Tax & Accounting Services
Address
3247 Oak Leaf Place, Highlands Ranch, CO 80129
Preparer
Peggy J Starr
Phone
3039467642
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IRS990/OtherExpensesGrp/TotalAmt1229738
IRS990/OtherExpensesGrp/TotalAmt282310
IRS990/OtherExpensesGrp/TotalAmt335760
IRS990/OtherLiabilitiesGrp/BOYAmt019829082
IRS990/OtherLiabilitiesGrp/EOYAmt016587834
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Insurance Claims
IRS990/OtherRevenueMiscGrp/ExclusionAmt0888
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0888
IRS990/OtherRevenueTotalAmt0888
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0519852
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02635701
IRS990/OtherSalariesAndWagesGrp/TotalAmt03155553
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07912
IRS990/PayrollTaxesGrp/ProgramServicesAmt036520
IRS990/PayrollTaxesGrp/TotalAmt044432
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt053969
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0320750
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0131761
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0585608
IRS990/PensionPlanContributionsGrp/TotalAmt0717369
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01808
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt030226
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023511
IRS990/PrincipalOfficerNm0Ian Stout
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/RelatedOrExemptFuncIncomeAmt06479197
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11073924
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt254364
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt342571
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt475263
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06479197
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11073924
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt254364
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt342571
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt475263
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0433506
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt025420
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02840912
IRS990/PYOtherRevenueAmt015320
IRS990/PYProgramServiceRevenueAmt06448677
IRS990/PYRevenuesLessExpensesAmt0-3240792
IRS990/PYSalariesCompEmpBnftPaidAmt07322803
IRS990/PYTotalExpensesAmt010163715
IRS990/PYTotalRevenueAmt06922923
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0672088
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt034759
IRS990/RentalIncomeOrLossGrp/RealAmt02730
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt07726944
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-11127973
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-10722666
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01914324
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02477125
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/EquipmentGrp/BookValueAmt042932
IRS990ScheduleD/EquipmentGrp/DepreciationAmt090019
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0132951
IRS990ScheduleD/ExpensesSubtotalAmt07603392
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0125310
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0167983
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0293293
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03367280
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt174388
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows - Pensions
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows - OPEB
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0152508
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0152508
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09488389
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1473888
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt26624836
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3721
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/RevenueSubtotalAmt08275480
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0320750
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03441668
IRS990ScheduleD/TotalExpensesPerForm990Amt07603392
IRS990ScheduleD/TotalLiabilityAmt016587834
IRS990ScheduleD/TotalRevenuePerForm990Amt08275480
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08275480
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07603392
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/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 8
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,679,938
Liabilities
$17,081,854
Net assets
-$10,401,916
Revenue
$8,275,480
Expenses
$7,603,392
Net income
$672,088
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