Civic Intelligence

Academy 360

990 • Fiscal year 2022 • EIN 45-5010185

Jul 01, 2021 to Jun 30, 2022 • Filed on Dec 14, 2022

12000 East 47th AvenueDenver, CO 80239

(303) 574-1360

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.88x

Higher debt load relative to assets than 92% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

86th percentile

0.88x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

68th percentile

18%

Higher net margin than 68% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

91st percentile

63%

Faster asset growth than 91% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

73rd percentile

30%

Faster revenue growth than 73% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$3,471,332

Up $1,346,393 (+63%) from 2021

Net Assets

Up

$433,755

Up $632,239 (+319%) from 2021

Liabilities

Up

$3,037,577

Up $714,154 (+31%) from 2021

Revenue

Up

$3,458,446

Up $803,160 (+30%) from 2021

Expenses

Up

$2,826,207

Up $119,892 (+4.4%) from 2021

Net Income

Up

$632,239

Up $683,268 (+1339%) from 2021

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2015: $620,141Liabilities 2015: $756,772Net Assets 2015: -$136,6312015Assets 2016: $1,256,257Liabilities 2016: $1,365,397Net Assets 2016: -$109,1402016Assets 2017: $1,741,334Liabilities 2017: $1,834,321Net Assets 2017: -$92,9872017Assets 2018: $2,192,347Liabilities 2018: $2,460,577Net Assets 2018: -$268,2302018Assets 2019: $1,770,802Liabilities 2019: $1,949,826Net Assets 2019: -$179,0242019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $2,124,939Liabilities 2021: $2,323,423Net Assets 2021: -$198,4842021Assets 2022: $3,471,332Liabilities 2022: $3,037,577Net Assets 2022: $433,7552022Assets 2023: $3,125,810Liabilities 2023: $2,427,772Net Assets 2023: $698,0382023Assets 2024: $3,007,728Liabilities 2024: $2,187,437Net Assets 2024: $820,2912024Assets 2025: $4,174,716Liabilities 2025: $3,619,998Net Assets 2025: $554,7182025

Highlighted filing

2022

Assets$3,471,332
Liabilities$3,037,577
Net Assets$433,755

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $1,386,502Expenses 2015: $1,414,632Net Income 2015: -$28,1302015Revenue 2016: $1,641,146Expenses 2016: $1,613,655Net Income 2016: $27,4912016Revenue 2017: $2,111,636Expenses 2017: $2,095,483Net Income 2017: $16,1532017Revenue 2018: $2,196,472Expenses 2018: $2,312,382Net Income 2018: -$115,9102018Revenue 2019: $2,317,410Expenses 2019: $2,228,204Net Income 2019: $89,2062019Revenue 2020: $2,541,337Expenses 2020: $2,509,768Net Income 2020: $31,5692020Revenue 2021: $2,655,286Expenses 2021: $2,706,315Net Income 2021: -$51,0292021Revenue 2022: $3,458,446Expenses 2022: $2,826,207Net Income 2022: $632,2392022Revenue 2023: $3,871,514Expenses 2023: $3,607,231Net Income 2023: $264,2832023Revenue 2024: $4,149,623Expenses 2024: $4,027,370Net Income 2024: $122,2532024Revenue 2025: $3,923,038Expenses 2025: $4,137,021Net Income 2025: -$213,9832025

Highlighted filing

2022

Revenue$3,458,446
Expenses$2,826,207
Net Income$632,239
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Dec 14, 2022
Return Version
2021v4.0
Gross Receipts
$3,458,446
Mission and Program Overview

Mission

The organization's mission is to develop students' minds, bodies, and characters so they may lead healthy and fulfilling lives in school, college, and beyond.

The organization's mission is to develop students' minds, bodies, and characters so they may lead healthy and fulfilling lives in school,college, and beyond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$715,561$1,679,395▲ $963,834
Cash and Non-Interest-Bearing Accounts$555,232$1,184,021▲ $628,789
Rtn Earn Endowment Incm Other Fnds$-198,484$433,755▲ $632,239
Accounts Receivable$105,072$74,072▼ $31,000
Prepaid Expenses and Deferred Charges$37,704$43,999▲ $6,295
Total Assets$2,124,939$3,471,332▲ $1,346,393
Other Assets Total$711,370$489,845▼ $221,525
Liabilities
Other Liabilities$1,716,361$2,291,813▲ $575,452
Unsecured Notes Loans Payable$555,010$487,050▼ $67,960
Deferred Revenue$51,311$258,714▲ $207,403
Accounts Payable and Accrued Expenses$741--
Total Liabilities$2,323,423$3,037,577▲ $714,154
Net Assets / Fund Balance
Total Net Assets Fund Balance$-198,484$433,755▲ $632,239
Total Liabilities and Net Assets / Fund Balance$2,124,939$3,471,332▲ $1,346,393

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,090,141$1,550,912$2,641,053
Buildings$490,167$620,210$1,110,377
Equipment$99,087$62,731$161,818
Other Assets Org$23,226--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Annelise NugentPresident
Leslie BayliffBoard Volunt
Dan SchallerMember
Diane StellingMember
Leslie JunielMember
John SchlichtingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$774,491
Program Service Revenue
$2,632,820
Investment Income
$905
Other Revenue
$50,230
All Other Contributions
$143,462
Change in Net Assets
$632,239

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,458,446
Total Revenue per Audited Statements
$3,458,446
Total Revenue per Form 990
$3,458,446
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,673,555
Other Expenses$1,152,652
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,035,629$607,036-$1,642,665
Depreciation Depletion-$489,688-$489,688
Interest-$131,752-$131,752
Other Employee Benefits-$127,718-$127,718
Fees for Services Accounting-$67,932-$67,932
Fees for Services Other$49,855--$49,855
All Other Expenses$28,789$8,680-$37,469
Insurance-$30,306-$30,306
Other Expenses$29,734$7,934-$29,734
Occupancy-$25,171-$25,171
Payroll Taxes-$23,327-$23,327
Office Expenses-$13,141-$13,141
Advertising-$12,462-$12,462
Travel-$10,068-$10,068
Fees for Services Legal-$640-$640
Pension Plan Contributions$-75,761$-44,394-$-120,155
Total Functional Expenses$1,163,168$1,663,039$0$2,826,207

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,826,207
Total Expenses per Audited Statements$2,826,207
Total Expenses per Form 990$2,826,207
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
Building Lease$1,145,131
Deferred Inflow Related to Pension$956,328
Accrued Salaries and Benefits$136,115
Deferred Inflow Related to Opebb$28,343
Net Opeb Liability$17,950
Net Pension Liability$7,946
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The organization's contract cfo reviews the 990 prior to filing

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

Board members are required to disclose any conflict of interest annually upon voding on any transactions as wll as case by case brought up at board meetings in question.

Form 990, Page 6, Part VI, Line 19

Financial documents are available on the school's website. All other documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Academy 360
EIN
45-5010185
Phone
3035741360
Address
12000 EAST 47TH AVENUE, DENVER, CO 80239

Signing Officer

Name
Annelise Nugent
Title
President
Phone
3035741360
Signed
2022-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Annelise Nugent
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
40
Volunteers
6

Preparer

Firm
Prospective Business Solutions LLC
Address
26 W DRY CREEK CIRCLE SUITE 600, LITTLETON, CO 80120
Preparer
Uli Keeley CPA
Phone
7202176601
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED SALARIES AND BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED INFLOW RELATED TO OPEBB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4NET OPEB LIABILITY
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0POLICIES ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S BUSINESS OFFICE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES PPR FUNDING AND VARIOUS STATE AND LOCAL GRANTS FROM THE COLORADO DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S CONTRACT CFO REVIEWS THE 990 PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST ANNUALLY UPON VODING ON ANY TRANSACTIONS AS WLL AS CASE BY CASE BROUGHT UP AT BOARD MEETINGS IN QUESTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FINANCIAL DOCUMENTS ARE AVAILABLE ON THE SCHOOL'S WEBSITE. ALL OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANNELISE NUGENT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-12-14
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PROSPECTIVE BUSINESS SOLUTIONS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt026 W DRY CREEK CIRCLE SUITE 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LITTLETON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080120
ReturnHeader/PreparerPersonGrp/PhoneNum07202176601
ReturnHeader/PreparerPersonGrp/PreparationDt02022-12-15

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