Civic Intelligence

Estancia Valley Classical Academy

EIN 45-0637870 • 501(c)3 • Edgewood, NM

Pub. 78 Eligible990-N CoverageNTEE B11

Profile

The EVCA Foundation's Purpose is to receive and maintain funds or real and/or personal property and to use such funds/property exclusively for the purpose of supporting Estancia Valley Classical Academy Charter School, a New Mexico Public Charter School.

PO Box 950Edgewood, NM 87015

evcafoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.15x

Higher debt load relative to assets than 95% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

14.28x

Higher debt load relative to revenue than 97% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Source year 2024

Net Margin

57th percentile

4.9%

Higher net margin than 57% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

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

NTEE B • $10M-$25M nonprofits • Source year 2024

Asset Growth

26th percentile

-2.4%

Faster asset growth than 26% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

25th percentile

-1.3%

Faster revenue growth than 25% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$13,369,599

Down $323,857 (-2.4%) from 2023

Liabilities

Down

$15,438,193

Down $376,777 (-2.4%) from 2023

Net Assets

Up

-$2,068,594

Up $52,920 (+2.5%) from 2023

Revenue

Down

$1,080,893

Down $14,456 (-1.3%) from 2023

Expenses

Up

$1,027,973

Up $57,269 (+5.9%) from 2023

Net Income

Down

$52,920

Down $71,725 (-58%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0-$5.0MAssets 2013: $229,805Liabilities 2013: $70,034Net Assets 2013: $159,7712013Assets 2014: $618,531Liabilities 2014: $306,672Net Assets 2014: $311,8592014Assets 2015: $574,898Liabilities 2015: $251,061Net Assets 2015: $323,8372015Assets 2016: $563,164Liabilities 2016: $342,245Net Assets 2016: $220,9192016Assets 2017: $300,965Liabilities 2017: $68,792Net Assets 2017: $232,1732017Assets 2018: $12,022,526Liabilities 2018: $12,581,116Net Assets 2018: -$558,5902018Assets 2019: $10,278,979Liabilities 2019: $11,776,718Net Assets 2019: -$1,497,7392019Assets 2020: $10,179,296Liabilities 2020: $11,650,748Net Assets 2020: -$1,471,4522020Assets 2021: $10,190,994Liabilities 2021: $11,577,049Net Assets 2021: -$1,386,0552021Assets 2022: $13,915,941Liabilities 2022: $16,162,100Net Assets 2022: -$2,246,1592022Assets 2023: $13,693,456Liabilities 2023: $15,814,970Net Assets 2023: -$2,121,5142023Assets 2024: $13,369,599Liabilities 2024: $15,438,193Net Assets 2024: -$2,068,5942024

Highlighted filing

2024

Assets$13,369,599
Liabilities$15,438,193
Net Assets-$2,068,594

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2013: $441,7012013Revenue 2014: $831,847Expenses 2014: $635,485Net Income 2014: $196,3622014Revenue 2015: $715,437Expenses 2015: $703,459Net Income 2015: $11,9782015Revenue 2016: $748,403Expenses 2016: $851,321Net Income 2016: -$102,9182016Revenue 2017: $774,164Expenses 2017: $762,910Net Income 2017: $11,2542017Revenue 2018: $801,965Expenses 2018: $1,788,024Net Income 2018: -$986,0592018Revenue 2019: $801,755Expenses 2019: $1,740,904Net Income 2019: -$939,1492019Revenue 2020: $1,187,268Expenses 2020: $1,160,981Net Income 2020: $26,2872020Revenue 2021: $1,275,295Expenses 2021: $1,189,898Net Income 2021: $85,3972021Revenue 2022: $873,728Expenses 2022: $1,733,832Net Income 2022: -$860,1042022Revenue 2023: $1,095,349Expenses 2023: $970,704Net Income 2023: $124,6452023Revenue 2024: $1,080,893Expenses 2024: $1,027,973Net Income 2024: $52,9202024

Highlighted filing

2024

Revenue$1,080,893
Expenses$1,027,973
Net Income$52,920

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$1,092,141
Mission and Program Overview

Mission

The EVCA Foundation's Purpose is to receive and maintain funds or real and/or personal property and to use such funds/property exclusively for the purpose of supporting Estancia Valley Classical Academy Charter School, a New Mexico Public Charter School.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,678,866$11,367,656▼ $311,210
Savings and Temporary Cash Investments$1,605,669$1,640,480▲ $34,811
Cash and Non-Interest-Bearing Accounts$95,146$60,422▼ $34,724
Prepaid Expenses and Deferred Charges$1,976$1,964▼ $12
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$13,693,456$13,369,599▼ $323,857
Other Assets Total$311,799$299,077▼ $12,722
Liabilities
Tax Exempt Bond Liabilities$15,270,000$14,990,000▼ $280,000
Other Liabilities$456,272$439,973▼ $16,299
Accounts Payable and Accrued Expenses$88,698$8,220▼ $80,478
Total Liabilities$15,814,970$15,438,193▼ $376,777
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,121,514$-2,068,594▲ $52,920
Total Net Assets Fund Balance$-2,121,514$-2,068,594▲ $52,920
Total Liabilities and Net Assets / Fund Balance$13,693,456$13,369,599▼ $323,857

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,003,970$1,400,780$12,404,750
Land$344,320-$344,320
Equipment$6,852$37,184$44,036
Other Land Buildings$12,514$1,926$14,440
Compensation and Service Providers

Board Members and Trustees

NameTitle
David AbbottPresident
Dan GartonDirector
Tiffany AbbottDirector
Alisha UrquhartTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,225
Program Service Revenue
$952,963
Investment Income
$64,768
Other Revenue
$53,937
All Other Contributions
$9,225
Change in Net Assets
$52,920
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,027,973
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$625,104--$625,104
Depreciation Depletion$316,650--$316,650
Other Expenses$7,835--$7,835
Fees for Services Accounting-$5,812-$5,812
Insurance-$5,146-$5,146
All Other Expenses$4,518$486-$5,004
Fees for Services Other-$3,933-$3,933
Occupancy$3,770--$3,770
Office Expenses-$1,072-$1,072
Total Functional Expenses$1,011,524$16,449$0$1,027,973
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$31,120
Fundraising Direct Expenses$9,183
Gaming Gross Income$5,710
Gaming Direct Expenses$2,065
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Walk-A-Thon$21,222$21,222$2,593$18,629
Miscellaneous Events-6$9,898$9,898$2,771$7,127
Total Events$31,120$31,120$9,183$21,937
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bond Interest Payable$310,982
Bond Premium$128,991

Bond Issues

BondIssuerIssuedIssue PricePurpose
APublic Finance Authority2021-09-30$14,640,112Refunding/Bldg Contruction

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$14,640,112--$285,581

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

Form 990 will be distributed to all board members via email for review before the next regular scheduled meeting. Then at the next regular scheduled meeting the return is voted on for approval to be filed.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Estancia Valley Classical Academy
EIN
45-0637870
Phone
5053509218
Address
PO Box 950, Edgewood, NM 87015

Signing Officer

Name
Alisha Urquhart
Title
Treasurer
Signed
2025-05-13

Organization Details

Principal Officer
Alisha Urquhart
Formed
2011
Legal Domicile
Nm
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
10
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