Civic Intelligence

Aspen Academy Investment Fund

EIN 45-2300786 • 501(c)3 • Greenwood Village, CO

Profile

To manage and invest funds and real estate holdings for the benefit of aspen prep academy.

5859 South University BlvdGreenwood Village, CO 80121

www.aspenacademy.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2025

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

5th percentile

-332%

Higher net margin than 5% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

100th percentile

$573,796

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 229.2% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

40th percentile

-13%

Faster revenue growth than 40% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $17,390,036 (-100%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Down

$0

Down $17,390,036 (-100%) from 2024

Operations
Liabilities / Revenue62nd percentileNet Margin5th percentile

Revenue

Down

$250,320

Down $36,453 (-13%) from 2024

Expenses

Up

$1,080,582

Up $153 (+0.0%) from 2024

Net Income

Down

-$830,262

Down $36,606 (-4.6%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $2,218,302Liabilities 2011: $0Net Assets 2011: $2,218,3022011Assets 2012: $2,265,795Liabilities 2012: $90,000Net Assets 2012: $2,175,7952012Assets 2013: $3,467,854Liabilities 2013: $497,000Net Assets 2013: $2,970,8542013Assets 2014: $12,348,247Liabilities 2014: $8,616,621Net Assets 2014: $3,731,6262014Assets 2015: $14,351,440Liabilities 2015: $8,351,083Net Assets 2015: $6,000,3572015Assets 2016: $14,221,410Liabilities 2016: $8,321,186Net Assets 2016: $5,900,2242016Assets 2017: $14,486,228Liabilities 2017: $7,660,886Net Assets 2017: $6,825,3422017Assets 2018: $14,987,707Liabilities 2018: $7,148,480Net Assets 2018: $7,839,2272018Assets 2019: $15,840,255Liabilities 2019: $7,008,284Net Assets 2019: $8,831,9712019Assets 2020: $16,828,492Liabilities 2020: $6,821,052Net Assets 2020: $10,007,4402020Assets 2021: $18,824,734Liabilities 2021: $6,353,112Net Assets 2021: $12,471,6222021Assets 2022: $18,771,803Liabilities 2022: $5,795,895Net Assets 2022: $12,975,9082022Assets 2023: $15,343,863Liabilities 2023: $0Net Assets 2023: $15,343,8632023Assets 2024: $17,390,036Liabilities 2024: $0Net Assets 2024: $17,390,0362024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2025

Assets$0
Liabilities$0
Net Assets$0
Open 2025 Filing

Operations Trend

Revenue Growth40th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $0Expenses 2011: $0Net Income 2011: $02011Expenses 2012: $16,8062012Expenses 2013: $15,1652013Revenue 2014: $549,976Expenses 2014: $921,703Net Income 2014: -$371,7272014Revenue 2015: $3,259,365Expenses 2015: $996,107Net Income 2015: $2,263,2582015Revenue 2016: $1,611,952Expenses 2016: $1,124,396Net Income 2016: $487,5562016Revenue 2017: $716,671Expenses 2017: $1,158,453Net Income 2017: -$441,7822017Revenue 2018: $804,394Expenses 2018: $1,154,567Net Income 2018: -$350,1732018Revenue 2019: $851,873Expenses 2019: $1,149,847Net Income 2019: -$297,9742019Revenue 2020: $857,524Expenses 2020: $1,141,600Net Income 2020: -$284,0762020Revenue 2021: $1,029,369Expenses 2021: $1,176,720Net Income 2021: -$147,3512021Revenue 2022: $932,585Expenses 2022: $1,216,536Net Income 2022: -$283,9512022Revenue 2023: $874,907Expenses 2023: $1,386,296Net Income 2023: -$511,3892023Revenue 2024: $286,773Expenses 2024: $1,080,429Net Income 2024: -$793,6562024Revenue 2025: $250,320Expenses 2025: $1,080,582Net Income 2025: -$830,2622025

Highlighted filing

2025

Revenue$250,320
Expenses$1,080,582
Net Income-$830,262
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$250,320
Expenses
$1,080,582
Net income
-$830,262
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.25$1.08$0.83
2024Detailed filing. Detailed filing data is available for this year.$17.4$0.00$17.4$0.29$1.08$0.79
2023Detailed filing. Detailed filing data is available for this year.$15.3$0.00$15.3$0.87$1.39$0.51
2022Detailed filing. Detailed filing data is available for this year.$18.8$5.80$13.0$0.93$1.22$0.28
2021Detailed filing. Detailed filing data is available for this year.$18.8$6.35$12.5$1.03$1.18$0.15
2020Detailed filing. Detailed filing data is available for this year.$16.8$6.82$10.0$0.86$1.14$0.28
2019Detailed filing. Detailed filing data is available for this year.$15.8$7.01$8.83$0.85$1.15$0.30
2018Detailed filing. Detailed filing data is available for this year.$15.0$7.15$7.84$0.80$1.15$0.35
2017Detailed filing. Detailed filing data is available for this year.$14.5$7.66$6.83$0.72$1.16$0.44
2016Detailed filing. Detailed filing data is available for this year.$14.2$8.32$5.90$1.61$1.12$0.49
2015Detailed filing. Detailed filing data is available for this year.$14.4$8.35$6.00$3.26$1.00$2.26
2014Detailed filing. Detailed filing data is available for this year.$12.3$8.62$3.73$0.55$0.92$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.47$0.50$2.97$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.27$0.09$2.18$0.02
2011Summary only. Only limited summary data is available for this year.$2.22$0.00$2.22$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 4, 2025
Return Version
2024v5.0
Gross Receipts
$250,360
Mission and Program Overview

Mission

To manage and invest funds and real estate holdings for the benefit of Aspen Prep Academy

To manage and invest funds and real estate holdings for the benefit of aspen prep academy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,963,817--
Land, Buildings, and Equipment, Net$8,426,219--
Total Assets$17,390,036$0▼ $17,390,036
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,390,036--
Total Net Assets Fund Balance$17,390,036$0▼ $17,390,036
Total Liabilities and Net Assets / Fund Balance$17,390,036$0▼ $17,390,036
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Kristina ScalaHead of SchoPT$573,796$573,796

Board Members and Trustees

NameTitle
Lori TaylorBoard Chair
Corinne LengsfeldGov/trustee
Arjun SenTrustee
Christina GoodTrustee
Dr Emilio ArguelloTrustee
Josh HascallTrustee
Lorena Torres-ostosTrustee
Tim TaylorTrustee
Victoria BoughTrustee
James ParkAdvancement
Brian MeeganCompensation
Denis Patrick GibbsFinance/audi
Kristina ScalaHead of School
Mike KeoughRising Inves
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$250,320
Other Revenue
$0
Change in Net Assets
$-830,262

Audited Revenue Reconciliation

Revenue per Audited Statements
$232,562
Revenue Not Reported on Financial Statements
$17,758
Revenue Not Reported on Form 990
$2,176
Total Revenue per Audited Statements
$234,738
Total Revenue per Form 990
$250,320
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,080,582
Total Fundraising Expense$12,222
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$991,296$59,306$12,222$1,062,824
Fees for Service Investment Mgmnt Fees-$17,758-$17,758
Total Functional Expenses$991,296$77,064$12,222$1,080,582

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,080,582
Expenses per Audited Statements$1,062,824
Total Expenses per Audited Statements$1,062,824
Expenses Not Reported on Financial Statements$17,758
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
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
No
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, Page 6, Part VI, Line 8B

“There are no committees with the authority to act on behalf of the governing body.”

Form 990, Page 6, Part VI, Line 11B

“The controller and director of business and operations of aspen prep academy, a related organization, review the form 990 and report their analysis to the finance committee chair who then approves the report for filing. In addition, an electronic copy of the form 990 is provided to the entire board for review and approval before filing with the irs.”

Form 990, Page 6, Part VI, Line 12C

“The organization's conflict of interest policy covers any individual in a position to exercise substantial influence over the affairs of the organization, which specifically includes officers and trustees of the organization. The existence of any actual or potential conflict of interest is reviewed by the board of trustees. If conflicts are determined, the person with the conflict is excluded from the meeting/decision and will refrain from voting on the matter.”

Form 990, Page 6, Part VI, Line 15A

“Aspen academy investment fund does not compensated any officers and has no employees.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Aspen Academy Investment Fund
EIN
45-2300786
Phone
3033463500
Address
5859 SOUTH UNIVERSITY BLVD, GREENWOOD VILLAGE, CO 80121

Signing Officer

Name
Kristina Scala
Title
Head of School
Phone
0303346350
Signed
2025-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristina Scala
Formed
2011
Legal Domicile
Co
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
14

Preparer

Firm
Kundinger Corder & Montoya Pc
Address
475 LINCOLN STREET SUITE 200, DENVER, CO 80203
Preparer
Maria Montoya
Phone
3035345953
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Ending net assets transferred to related org. -16,561,950”

Form 990, Page 12, Part XII, Line 2C

“This process did not change during the tax year.”

Raw XML AppendixShowing 400 of 472 raw XML fields

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

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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0250360
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IRS990/LocalChaptersInd0false
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IRS990/MissionDesc0TO MANAGE AND INVEST FUNDS AND REAL ESTATE HOLDINGS FOR THE BENEFIT OF ASPEN PREP ACADEMY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-16561950
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KRISTINA SCALA
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IRS990/PYInvestmentIncomeAmt0286773
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IRS990/ReconcilationRevenueExpnssAmt0-830262
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SCHEDULE A, PART I, LINE 12G: ASPEN ACADEMY INVESTMENT FUND ("AAIF") OPERATES FOR THE EXCLUSIVE BENEFIT OF ASPEN PREP ACADEMY, A RELATED EXEMPT ORGANIZATION. AAIF SUPPORTS THE SCHOOL THROUGH MANAGING INVESTMENTS AND REAL ESTATE HOLDINGS FOR THE BENEFIT AND LONG TERM SUSTAINABILITY OF THE SCHOOL. UPON DISSOLUTION, AAIF TRANSFERRED ALL INVESTMENTS AND FIXED ASSETS TO ASPEN PREP ACADEMY EFFECTIVE JUNE 30, 2025.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPLEMENTAL INFORMATION
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0true
IRS990ScheduleA/OtherSupportSumAmt07923107
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0200896938
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt07923107
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt010263163
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ASPEN PREP ACADEMY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0ASPEN PREP ACADEMY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt010263163
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt017758
IRS990ScheduleD/ExpensesSubtotalAmt01062824
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt017758
IRS990ScheduleD/InvestmentExpensesNotIncldAmt017758
IRS990ScheduleD/NetUnrealizedGainsInvstAmt02176
IRS990ScheduleD/RevenueNotReportedAmt02176
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt017758
IRS990ScheduleD/RevenueSubtotalAmt0232562
IRS990ScheduleD/TotalExpensesPerForm990Amt01080582
IRS990ScheduleD/TotalRevenuePerForm990Amt0250320
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0234738
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01062824
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt069676
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0432659
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt061390
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt010071
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KRISTINA SCALA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0HEAD OF SCHOOL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0573796
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0KRISTINA SCALA 0 46,225 0
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 4
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0true
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0INVESTMENTS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1FIXED ASSETS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0ASPEN PREP ACADEMY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1ASPEN PREP ACADEMY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02025-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12025-06-30
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0200896938
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1200896938
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt010263163
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt17923106
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0FMV
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1NBV
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt05859 SOUTH UNIVERSITY BLVD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt15859 SOUTH UNIVERSITY BLVD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0GREENWOOD VILLAGE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1GREENWOOD VILLAGE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0CO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1CO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd080121
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd180121
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0true
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0AAIF WAS DISSOLVED AS OF 6/30/2025. ALL ASSETS, CONSISTING OF INVESTMENTS AND FIXED ASSETS, WERE TRANSFERRED TO ASPEN PREP ACADEMY EFFECTIVE 6/30/2025.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONTROLLER AND DIRECTOR OF BUSINESS AND OPERATIONS OF ASPEN PREP ACADEMY, A RELATED ORGANIZATION, REVIEW THE FORM 990 AND REPORT THEIR ANALYSIS TO THE FINANCE COMMITTEE CHAIR WHO THEN APPROVES THE REPORT FOR FILING. IN ADDITION, AN ELECTRONIC COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD FOR REVIEW AND APPROVAL BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ANY INDIVIDUAL IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF THE ORGANIZATION, WHICH SPECIFICALLY INCLUDES OFFICERS AND TRUSTEES OF THE ORGANIZATION. THE EXISTENCE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST IS REVIEWED BY THE BOARD OF TRUSTEES. IF CONFLICTS ARE DETERMINED, THE PERSON WITH THE CONFLICT IS EXCLUDED FROM THE MEETING/DECISION AND WILL REFRAIN FROM VOTING ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ASPEN ACADEMY INVESTMENT FUND DOES NOT COMPENSATED ANY OFFICERS AND HAS NO EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ENDING NET ASSETS TRANSFERRED TO RELATED ORG. -16,561,950
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THIS PROCESS DID NOT CHANGE DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 12, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ASPEN PREP ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0200896938
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05859 SOUTH UNIVERSITY BLVD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GREENWOOD VILLAGE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd080121
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0true
IRS990ScheduleR/TransferToOtherOrgInd0true
IRS990/SchoolOperatingInd0false
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IRS990/SignificantNewProgramSrvcInd0false

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