Civic Intelligence

Vanguard Classical School Inc.

990 • Fiscal year 2021 • EIN 37-1532379

Jul 01, 2020 to Jun 30, 2021 • Filed on May 12, 2022

Organization Profilewww.vanguardclassical.org
17101 East Ohio DriveAurora, CO 80017

(303) 691-2384

Siviq Scores

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

Liabilities / Assets

99th percentile

2.06x

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

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

Liabilities / Revenue

86th percentile

1.61x

Higher debt load relative to revenue than 86% of similar nonprofits.

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

Net Margin

77th percentile

33%

Higher net margin than 77% of similar nonprofits.

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

Top Officer Pay

54th percentile

$182,781

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

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

Asset Growth

96th percentile

106%

Faster asset growth than 96% of similar nonprofits.

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

Revenue Growth

39th percentile

5.3%

Faster revenue growth than 39% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$11,822,607

Up $6,076,436 (+106%) from 2020

Net Assets

Up

-$12,514,252

Up $5,056,346 (+29%) from 2020

Liabilities

Up

$24,336,859

Up $1,020,090 (+4.4%) from 2020

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin77th percentile

Revenue

Up

$15,136,544

Up $757,977 (+5.3%) from 2020

Expenses

Down

$10,080,198

Down $794,080 (-7.3%) from 2020

Net Income

Up

$5,056,346

Up $1,552,057 (+44%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$40M$20M$0-$20M-$40MAssets 2010: $527,790Liabilities 2010: $249,895Net Assets 2010: $277,8952010Assets 2011: $493,714Liabilities 2011: $167,657Net Assets 2011: $326,0572011Assets 2012: $355,107Liabilities 2012: $183,827Net Assets 2012: $171,2802012Assets 2013: $533,684Liabilities 2013: $199,393Net Assets 2013: $334,2912013Assets 2014: $957,398Liabilities 2014: $446,965Net Assets 2014: $510,4332014Assets 2015: $4,999,087Liabilities 2015: $11,655,810Net Assets 2015: -$6,656,7232015Assets 2016: $5,258,776Liabilities 2016: $13,626,128Net Assets 2016: -$8,367,3522016Assets 2017: $14,304,356Liabilities 2017: $28,891,972Net Assets 2017: -$14,587,6162017Assets 2019: $7,425,991Liabilities 2019: $28,500,878Net Assets 2019: -$21,074,8872019Assets 2020: $5,746,171Liabilities 2020: $23,316,769Net Assets 2020: -$17,570,5982020Assets 2021: $11,822,607Liabilities 2021: $24,336,859Net Assets 2021: -$12,514,2522021Assets 2025: $17,524,734Liabilities 2025: $21,669,438Net Assets 2025: -$4,144,7042025

Highlighted filing

2021

Assets$11,822,607
Liabilities$24,336,859
Net Assets-$12,514,252
Open 2021 Filing

Operations Trend

Revenue Growth39th percentile

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

$20M$10M$0-$10MExpenses 2010: $3,919,8802010Expenses 2011: $3,828,0702011Expenses 2012: $3,831,1222012Expenses 2013: $3,727,4842013Revenue 2014: $4,058,454Expenses 2014: $3,882,312Net Income 2014: $176,1422014Revenue 2015: $8,562,685Expenses 2015: $10,658,665Net Income 2015: -$2,095,9802015Revenue 2016: $10,074,400Expenses 2016: $11,785,029Net Income 2016: -$1,710,6292016Revenue 2017: $10,622,196Expenses 2017: $16,842,460Net Income 2017: -$6,220,2642017Revenue 2019: $13,056,084Expenses 2019: $12,168,391Net Income 2019: $887,6932019Revenue 2020: $14,378,567Expenses 2020: $10,874,278Net Income 2020: $3,504,2892020Revenue 2021: $15,136,544Expenses 2021: $10,080,198Net Income 2021: $5,056,3462021Revenue 2025: $19,344,566Expenses 2025: $18,693,873Net Income 2025: $650,6932025

Highlighted filing

2021

Revenue$15,136,544
Expenses$10,080,198
Net Income$5,056,346
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 12, 2022
Return Version
2020v4.2
Gross Receipts
$15,136,544
Mission and Program Overview

Mission

The mission of Vanguard Classical School is to facilitate individual academic achievement and character development through a rigorous, content-rich, inclusive learning environment.

Provide education to children of all abilites K-12, at two sites, under a charter from Aurora Public Schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,984,630$5,558,447▲ $2,573,817
Pledges and Grants Receivable$491,372$524,064▲ $32,692
Land, Buildings, and Equipment, Net$54,898$118,220▲ $63,322
Prepaid Expenses and Deferred Charges$239,755$76,670▼ $163,085
Accounts Receivable$247,503$38,676▼ $208,827
Savings and Temporary Cash Investments-$35,000-
Total Assets$5,746,171$11,822,607▲ $6,076,436
Other Assets Total$1,728,013$5,471,530▲ $3,743,517
Liabilities
Other Liabilities$22,498,972$23,110,611▲ $611,639
Accounts Payable and Accrued Expenses$628,707$1,065,065▲ $436,358
Deferred Revenue$189,090$161,183▼ $27,907
Total Liabilities$23,316,769$24,336,859▲ $1,020,090
Net Assets / Fund Balance
Net Assets With Donor Restrictions$520,398$462,000▼ $58,398
Net Assets Without Donor Restrictions$-18,090,996$-12,976,252▲ $5,114,744
Total Net Assets Fund Balance$-17,570,598$-12,514,252▲ $5,056,346
Total Liabilities and Net Assets / Fund Balance$5,746,171$11,822,607▲ $6,076,436

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$79,736$11,769$91,505
Buildings$38,484$9,620$48,104
Other Assets Org$5,471,530--
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John CernyExecutive DirectorFT$152,624$30,157$182,781

Board Members and Trustees

NameTitle
Danielle TomwingBoard Chair
Aaron BaerDirector
Kat LingDirector
Dan JorgensenSecretary
Karen SecorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,334,037
Program Service Revenue
$12,793,959
Investment Income
$8,548
Other Revenue
$0
All Other Contributions
$1,957
Change in Net Assets
$5,056,346

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,997,872
Revenue Not Reported on Financial Statements
$138,672
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$138,672
Total Revenue per Audited Statements
$14,997,872
Total Revenue per Form 990
$15,136,544
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,332,040
Other Expenses$1,748,158
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,509,221$972,216-$6,481,437
Occupancy$2,024,612$357,284-$2,381,896
Pension Plan Contributions$944,240$170,419-$1,114,659
Other Employee Benefits$376,545$67,960-$444,505
Other Expenses$200,576$35,396-$235,972
Current Officers, Directors, Trustees, and Key Employees$144,623$48,208-$192,831
Payroll Taxes$83,532$15,076-$98,608
Information Technology$80,363$14,182-$94,545
Insurance$64,916$11,456-$76,372
Advertising$49,769$8,783-$58,552
Depreciation Depletion$11,626$2,052-$13,678
Travel$10,311$1,820-$12,131
Fees for Services Accounting-$8,900-$8,900
Fees for Services Legal-$7,152-$7,152
All Other Expenses$-2,665,611$-470,402-$-3,136,013
Total Functional Expenses$8,594,873$1,485,325$0$10,080,198

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$10,080,198
Expenses per Audited Statements$9,941,526
Total Expenses per Audited Statements$9,941,526
Expenses Not Reported on Financial Statements$138,672
Other Expense Adjustments$138,672
Expenses Not Reported on Form 990$0
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
Net Pension Liabilities$15,713,784
Deferred Inflows of Resources$6,761,265
Net OPEB Liability$571,155
Compensated Absences$64,407
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Form 990 is prepared from audited financial statements and provided to the governing board prior to being filed.”

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

“All board members are required to disclose any time an issue is voted upon for which they have a conflict of interest and abstain from voting on the issue. Annually, board members sign a conflict of interest statement.”

Form 990, Part VI, Section B, line 15

“The school reviews salary surveys and other comparable salary information for like positions. The finance committee discusses the salary and submits a recommendation to the board. The board approves the authorized salary for the Executive Director in executive session.”

Form 990, Part VI, Section C, line 19

“The organization provides these documents upon request from the public and and publishes on their website.”

Filing and Contact Details

Filer

Filer Name
Vanguard Classical School Inc
EIN
37-1532379
Phone
3036912384
Address
17101 East Ohio Drive, Aurora, CO 80017

Signing Officer

Name
Danielle Tomwing
Title
Board Chair
Phone
3036912384
Signed
2022-05-12
Discuss with paid preparer
No

Organization Details

Principal Officer
Danielle Tomwing
Formed
2008
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
5
Employees
151
Volunteers
4

Preparer

Firm
Hoelting & Company Inc
Address
31 East Platte Avenue Suite 300, Colorado Springs, CO 80903
Preparer
Thomas G Sistare
Phone
7196301091
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 24E

“Other Expenses : Program service expenses 51,231. Management and general expenses 9,041. Fundraising expenses 0. Total expenses 60,272. Pension Accrual : Program service expenses -2,716,842. Management and general expenses -479,443. Fundraising expenses 0. Total expenses -3,196,285.”

Form 990, Part IX, Line 24E:

“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.”

Financial Statement Notes

Part XI, Line 4B - Other Adjustments:

“State Share Mitigation 138,672.”

Part XII, Line 4B - Other Adjustments:

“State Share Mitigation 138,672.”

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

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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0491372
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0524064
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0239755
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt076670
IRS990/PrincipalOfficerNm0Danielle Tomwing
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/Desc0Per Pupil Revenue
IRS990/ProgramServiceRevenueGrp/Desc1Mill Levy
IRS990/ProgramServiceRevenueGrp/Desc2Pupil Activities
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09589414
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13162468
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt242077
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09589414
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13162468
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt242077
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01493124
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt036359
IRS990/PYOtherExpensesAmt03638810
IRS990/PYOtherRevenueAmt03710
IRS990/PYProgramServiceRevenueAmt012845374
IRS990/PYRevenuesLessExpensesAmt03504289
IRS990/PYSalariesCompEmpBnftPaidAmt07235468
IRS990/PYTotalExpensesAmt010874278
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt014378567
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt05056346
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt012793959
IRS990/SavingsAndTempCashInvstGrp/EOYAmt035000
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt038484
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09620
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt048104
IRS990ScheduleD/EquipmentGrp/BookValueAmt079736
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011769
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt091505
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0138672
IRS990ScheduleD/ExpensesSubtotalAmt09941526
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05471530
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources
IRS990ScheduleD/OtherExpensesNotIncludedAmt0138672
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015713784
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16761265
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2571155
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt364407
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflows of Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Compensated Absences
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0138672
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0138672
IRS990ScheduleD/RevenueSubtotalAmt014997872
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0State Share Mitigation 138,672.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1State Share Mitigation 138,672.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0118220
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05471530
IRS990ScheduleD/TotalExpensesPerForm990Amt010080198
IRS990ScheduleD/TotalLiabilityAmt023110611
IRS990ScheduleD/TotalRevenuePerForm990Amt015136544
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt014997872
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09941526
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school informs and enforces Anti discriminatory Policy and Procedures throughout its publications.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0152624
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt030157
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0John Cerny
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0182781
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is prepared from audited financial statements and provided to the governing board prior to being filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All board members are required to disclose any time an issue is voted upon for which they have a conflict of interest and abstain from voting on the issue. Annually, board members sign a conflict of interest statement.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The school reviews salary surveys and other comparable salary information for like positions. The finance committee discusses the salary and submits a recommendation to the board. The board approves the authorized salary for the Executive Director in executive session.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization provides these documents upon request from the public and and publishes on their website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Other Expenses : Program service expenses 51,231. Management and general expenses 9,041. Fundraising expenses 0. Total expenses 60,272. Pension Accrual : Program service expenses -2,716,842. Management and general expenses -479,443. Fundraising expenses 0. Total expenses -3,196,285.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The 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/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24E:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0Vanguard Classical School
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0851487653
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Lease property and equipment to Vanguard Classical School.
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Vanguard Classical School Building Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt024355889
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt0631616
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt017101 E Ohio Dr
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Aurora
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd080017
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0631616
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Fair market value

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,822,607
Liabilities
$24,336,859
Net assets
-$12,514,252
Revenue
$15,136,544
Expenses
$10,080,198
Net income
$5,056,346
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$21.7$4.14$19.3$18.7$0.65
2021Detailed filing. Detailed filing data is available for this year.$11.8$24.3$12.5$15.1$10.1$5.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.75$23.3$17.6$14.4$10.9$3.50
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.43$28.5$21.1$13.1$12.2$0.89
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.3$28.9$14.6$10.6$16.8$6.22
2016Detailed filing. Detailed filing data is available for this year.$5.26$13.6$8.37$10.1$11.8$1.71
2015Detailed filing. Detailed filing data is available for this year.$5.00$11.7$6.66$8.56$10.7$2.10
2014Detailed filing. Detailed filing data is available for this year.$0.96$0.45$0.51$4.06$3.88$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.20$0.33$3.73
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.18$0.17$3.83
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.17$0.33$3.83
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.25$0.28$3.92