Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
990 • Fiscal year 2020 • EIN 27-5263381
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
73rd percentile
Higher net margin than 73% of similar nonprofits.
Top Officer Pay
18th percentile
Higher top officer pay than 18% of similar nonprofits.
Top officer pay equals 1.3% of source-year revenue.
Asset Growth
99th percentile
Faster asset growth than 99% of similar nonprofits.
Revenue Growth
77th percentile
Faster revenue growth than 77% of similar nonprofits.
Assets
Up$27,213,028
Up $20,533,090 (+307%) from 2019
Net Assets
Up-$9,319,380
Up $1,082,536 (+10%) from 2019
Liabilities
Up$36,532,408
Up $19,450,554 (+114%) from 2019
Revenue
Up$9,878,379
Up $1,602,899 (+19%) from 2019
Expenses
Up$8,398,379
Up $794,987 (+10%) from 2019
Net Income
Up$1,480,000
Up $807,912 (+120%) from 2019
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
See Schedule O
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $320,750 | $19,511,087 | ▲ $19,190,337 |
| Savings and Temporary Cash Investments | $2,477,125 | $5,372,884 | ▲ $2,895,759 |
| Accounts Receivable | $119,623 | $264,350 | ▲ $144,727 |
| Cash and Non-Interest-Bearing Accounts | $297,261 | $239,978 | ▼ $57,283 |
| Prepaid Expenses and Deferred Charges | $23,511 | $65,782 | ▲ $42,271 |
| Total Assets | $6,679,938 | $27,213,028 | ▲ $20,533,090 |
| Other Assets Total | $3,441,668 | $1,758,947 | ▼ $1,682,721 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | - | $21,228,961 | - |
| Other Liabilities | $16,587,834 | $14,363,259 | ▼ $2,224,575 |
| Accounts Payable and Accrued Expenses | $491,736 | $923,724 | ▲ $431,988 |
| Deferred Revenue | $2,284 | $16,464 | ▲ $14,180 |
| Total Liabilities | $17,081,854 | $36,532,408 | ▲ $19,450,554 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $320,750 | $492,364 | ▲ $171,614 |
| Net Assets Without Donor Restrictions | $-10,722,666 | $-9,811,744 | ▲ $910,922 |
| Total Net Assets Fund Balance | $-10,401,916 | $-9,319,380 | ▲ $1,082,536 |
| Total Liabilities and Net Assets / Fund Balance | $6,679,938 | $27,213,028 | ▲ $20,533,090 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $17,638,454 | $1,334,254 | $18,972,708 |
| Land | $1,349,835 | - | $1,349,835 |
| Leasehold Improvements | $499,103 | $279,862 | $778,965 |
| Equipment | $23,695 | $109,256 | $132,951 |
| Other Assets Org | $1,758,947 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Ian Stout | Executive Director | FT | $107,641 | $22,417 | $130,058 |
| Name | Title |
|---|---|
| Howard Wenger | Director/Chair |
| Kimberly Barnes | President |
| Frank McArthur | Vice President |
| Carmen Beernink | Director |
| Neil Spooner | Director |
| Bruce Finger | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $4,967,762 |
| Other Expenses | $3,430,617 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $3,337,797 | $370,866 | - | $3,708,663 |
| Interest | $843,147 | $148,791 | - | $991,938 |
| Pension Plan Contributions | $642,157 | $77,288 | - | $719,445 |
| Occupancy | $467,772 | $82,548 | - | $550,320 |
| Depreciation Depletion | $328,086 | $57,897 | - | $385,983 |
| Other Employee Benefits | $302,365 | $36,392 | - | $338,757 |
| Other Expenses | $118,886 | $20,980 | - | $139,866 |
| Current Officers, Directors, Trustees, and Key Employees | $94,438 | $42,229 | - | $136,667 |
| Payroll Taxes | $57,327 | $6,903 | - | $64,230 |
| Insurance | $52,930 | $9,341 | - | $62,271 |
| Office Expenses | $11,968 | $2,112 | - | $14,080 |
| Fees for Services Legal | - | $11,214 | - | $11,214 |
| Fees for Services Accounting | - | $8,400 | - | $8,400 |
| Advertising | $4,264 | $752 | - | $5,016 |
| Fees for Services Other | $2,940 | $519 | - | $3,459 |
| Travel | $1,773 | $313 | - | $2,086 |
| All Other Expenses | $-315,056 | $-55,597 | - | $-370,653 |
| Total Functional Expenses | $7,374,501 | $1,023,878 | $0 | $8,398,379 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $8,398,379 |
| Total Expenses per Audited Statements | $8,398,379 |
| Total Expenses per Form 990 | $8,398,379 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Net Pension Liabilities | $8,536,979 |
| Deferred Inflows of Resources | $5,406,682 |
| Net OPEB Liability | $419,598 |
“No committees have the authority to make decisions on behalf of the governing board.”
“A copy is provided to all board members prior to filing.”
“All board members are required to disclose at any time an issue that is voted upon, if they have a conflict.”
“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.”
“Financial statements are available to the public.”
“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.”
“The Board of Directors oversees audit services and selection of independent auditors. This has not changed from the prior year.”
“The school is a participant in the State's public pension plan (PERA) and began reporting a portion of the State's unfunded net pension liability following Governmental Accounting Standards Board Statement (GASB) No. 68, Accounting and Financial Reporting for Pensions - an amendment of GASB Statement No. 27 in fiscal year 2015. The School also participates in the State's Postemployment Healthcare Benefit Plan per GASB statement 75. As a result of these GASB statements, the school records an expense in its Government Wide financial reports each year that swings widely from year to year based on future investment return assumptions, participation, and other projections made by PERA's actuaries. Due to the unpredictable and uncontrollable nature of these swings, and that the liability is not a true liability of the school, these State driven accruals are reported as Other in Part IX to allow the reader to track the impact of these accruals separately and to remain consistent with historical reporting.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 491736 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 923724 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 119623 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 264350 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | See Schedule O |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 752 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 4264 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 5016 |
| IRS990/AllOtherContributionsAmt | 0 | 23019 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | -55597 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | -315056 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | -370653 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | Boos Financial Services |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 3036435642 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 10190 Bannock Street Ste 104 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Northglenn |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CO |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 80260 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 297261 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 239978 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 42229 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 94438 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 136667 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 540498 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 64851 |
| IRS990/CYOtherExpensesAmt | 0 | 3430617 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 9273030 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 1480000 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 4967762 |
| IRS990/CYTotalExpensesAmt | 0 | 8398379 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 9878379 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 2284 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 16464 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 57897 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 328086 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 385983 |
| IRS990/Desc | 0 | Provide education to approximately 917 students in grades K-12. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 1 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 320750 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 492364 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 156 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 7374501 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 8400 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 8400 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 11214 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 11214 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 519 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 2940 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 3459 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 22417 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Kimberly Barnes |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Frank McArthur |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Bruce Finger |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Howard Wenger |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Carmen Beernink |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Neil Spooner |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Ian Stout |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 107641 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Vice President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Director/Chair |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Executive Director |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2011 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GovernmentGrantsAmt | 0 | 486051 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 9878379 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 6 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 9341 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 52930 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 62271 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 148791 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 843147 |
| IRS990/InterestGrp/TotalAmt | 0 | 991938 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 64851 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 64851 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 25 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 1723372 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 320750 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 19511087 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 21234459 |
| IRS990/LegalDomicileStateCd | 0 | CO |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 0 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | 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. |
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| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
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| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | -10401916 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | -9319380 |
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| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | -9811744 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 82548 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 467772 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 550320 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 2112 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 11968 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 14080 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
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| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 1758947 |
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| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 302365 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 338757 |
| IRS990/OtherExpensesGrp/Desc | 0 | District Purchased Serv |
| IRS990/OtherExpensesGrp/Desc | 1 | Instructional Supplies |
| IRS990/OtherExpensesGrp/Desc | 2 | Purchased Services |
| IRS990/OtherExpensesGrp/Desc | 3 | Non-Capital Equipment |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 167130 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 35800 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 20980 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 947071 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 273750 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 202886 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 118886 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 1114201 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 273750 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 238686 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 139866 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 16587834 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 14363259 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 370866 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 3337797 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 3708663 |
| IRS990/OwnWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 6903 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 57327 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 64230 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 77288 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 642157 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 719445 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 23511 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 65782 |
| IRS990/PrincipalOfficerNm | 0 | Ian Stout |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | -397464 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 611110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 611110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 611110 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 4 | 611110 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Per Pupil Revenue |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Mill Levy Override |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | District Incremental |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | Student Activities |
| IRS990/ProgramServiceRevenueGrp/Desc | 4 | Materials |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 7210537 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 1323682 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 637191 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 62113 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 4 | 36057 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 7210537 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 1323682 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 637191 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 62113 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 4 | 36057 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 501347 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 43571 |
| IRS990/PYOtherExpensesAmt | 0 | 3250630 |
| IRS990/PYOtherRevenueAmt | 0 | 3618 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 7726944 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 672088 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 4352762 |
| IRS990/PYTotalExpensesAmt | 0 | 7603392 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 8275480 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 1480000 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RelatedOrganizationsAmt | 0 | 31428 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 9273030 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 2477125 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 5372884 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 17638454 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 1334254 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 18972708 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 23695 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 109256 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 132951 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 8398379 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 1349835 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 1349835 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 499103 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 279862 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 778965 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 1758947 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Deferred Outflows of Resources |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 5406682 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 419598 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 8536979 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Deferred Inflows of Resources |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | Net OPEB Liability |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | Net Pension Liabilities |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 9878379 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 19511087 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 1758947 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 8398379 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 14363259 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 9878379 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 9878379 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 8398379 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | 1 |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | 1 |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | 0 |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | 1 |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | 1 |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | 1 |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | 1 |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | 1 |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | The policy is published on the school's website and included in student registration packets. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | Per Pupil Revenue and grants are received from the Colorado Department of Education. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule E, Part I, Line 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Schedule E, Part I, Line 6 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | No committees have the authority to make decisions on behalf of the governing board. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | A copy is provided to all board members prior to filing. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | All board members are required to disclose at any time an issue that is voted upon, if they have a conflict. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Financial statements are available to the public. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | The Board of Directors oversees audit services and selection of independent auditors. This has not changed from the prior year. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | The school is a participant in the State's public pension plan (PERA) and began reporting a portion of the State's unfunded net pension liability following Governmental Accounting Standards Board Statement (GASB) No. 68, Accounting and Financial Reporting for Pensions - an amendment of GASB Statement No. 27 in fiscal year 2015. The School also participates in the State's Postemployment Healthcare Benefit Plan per GASB statement 75. As a result of these GASB statements, the school records an expense in its Government Wide financial reports each year that swings widely from year to year based on future investment return assumptions, participation, and other projections made by PERA's actuaries. Due to the unpredictable and uncontrollable nature of these swings, and that the liability is not a true liability of the school, these State driven accruals are reported as Other in Part IX to allow the reader to track the impact of these accruals separately and to remain consistent with historical reporting. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part I, Line 1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section A, line 8b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section B, line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section B, line 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Section C, line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part XII, Line 2c: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990, Part IX, Line 24E: |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 1 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | Loveland Classical Schools Building Corporation |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN | 0 | 813310055 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt | 0 | 21248409 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd | 0 | CO |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt | 0 | Issue & Pay Debt |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt | 0 | 1302322 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt | 0 | 3835 14th Street SW |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm | 0 | Loveland |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd | 0 | CO |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd | 0 | 80537 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 0 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | Loveland Classical Schools Founation |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 452539830 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501(c)(3) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | CO |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | Fundraising |
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Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.