Civic Intelligence

Academy 360

990 • Fiscal year 2024 • EIN 45-5010185

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 11, 2024

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

90th percentile

0.73x

Higher debt load relative to assets than 90% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.53x

Higher debt load relative to revenue than 82% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

46th percentile

2.9%

Higher net margin than 46% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

67th percentile

$102,375

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

25th percentile

-3.8%

Faster asset growth than 25% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

48th percentile

7.2%

Faster revenue growth than 48% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,007,728

Down $118,082 (-3.8%) from 2023

Net Assets

Up

$820,291

Up $122,253 (+18%) from 2023

Liabilities

Down

$2,187,437

Down $240,335 (-9.9%) from 2023

Revenue

Up

$4,149,623

Up $278,109 (+7.2%) from 2023

Expenses

Up

$4,027,370

Up $420,139 (+12%) from 2023

Net Income

Down

$122,253

Down $142,030 (-54%) from 2023

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

2024

Assets$3,007,728
Liabilities$2,187,437
Net Assets$820,291

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

2024

Revenue$4,149,623
Expenses$4,027,370
Net Income$122,253
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 11, 2024
Return Version
2023v5.0
Gross Receipts
$4,149,623
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$1,599,653$1,066,138▼ $533,515
Cash and Non-Interest-Bearing Accounts$700,768$899,499▲ $198,731
Rtn Earn Endowment Incm Other Fnds$698,038$820,291▲ $122,253
Accounts Receivable$95,945$182,169▲ $86,224
Prepaid Expenses and Deferred Charges$44,250$52,250▲ $8,000
Total Assets$3,125,810$3,007,728▼ $118,082
Other Assets Total$685,194$807,672▲ $122,478
Liabilities
Other Liabilities$2,069,470$1,981,384▼ $88,086
Unsecured Notes Loans Payable$212,339$164,485▼ $47,854
Deferred Revenue-$40,623-
Accounts Payable and Accrued Expenses$145,963$945▼ $145,018
Total Liabilities$2,427,772$2,187,437▼ $240,335
Net Assets / Fund Balance
Total Net Assets Fund Balance$698,038$820,291▲ $122,253
Total Liabilities and Net Assets / Fund Balance$3,125,810$3,007,728▼ $118,082

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$368,942$2,280,668$2,649,610
Buildings$615,785$886,465$1,502,250
Equipment$81,411$99,107$180,518
Other Assets Org$8,682--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rebecca McleanHead of SchoFT$102,375$102,375

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,751,988
Program Service Revenue
$2,376,127
Investment Income
$21,508
Other Revenue
$0
All Other Contributions
$1,321,800
Change in Net Assets
$122,253

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,149,623
Total Revenue per Audited Statements
$4,149,623
Total Revenue per Form 990
$4,149,623
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,723,671
Other Expenses$1,303,699
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,560,010$554,699-$2,114,709
Depreciation Depletion-$533,515-$533,515
Pension Plan Contributions$291,077$155,444-$446,521
Fees for Services Other$26,761$137,047-$163,808
Other Employee Benefits$84,549$47,570-$132,119
Fees for Services Accounting-$71,404-$71,404
Advertising-$63,702-$63,702
Interest-$57,036-$57,036
All Other Expenses$12,906$30,471-$43,377
Insurance-$35,737-$35,737
Occupancy-$34,855-$34,855
Other Expenses$30,951$80,830-$30,951
Payroll Taxes$19,406$10,916-$30,322
Travel-$24,258-$24,258
Conferences and Meetings-$20,541-$20,541
Office Expenses-$16,905-$16,905
Fees for Services Legal-$15,222-$15,222
Information Technology-$12,368-$12,368
Total Functional Expenses$2,124,850$1,902,520$0$4,027,370

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,027,370
Total Expenses per Audited Statements$4,027,370
Total Expenses per Form 990$4,027,370
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 Liability$1,226,367
Building Lease$427,147
Accrued Salaries and Benefits$226,559
Deferred Inflow Related to Pension$76,959
Deferred Inflow Related to Opebb$24,352
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
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 voting 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
2024-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Annelise Nugent
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
55
Volunteers
8

Preparer

Firm
Prospective Business Solutions LLC
Address
26 W DRY CREEK CIRCLE SUITE 600, LITTLETON, CO 80120
Preparer
Uli Keeley
Phone
7202176601
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0698038
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0820291
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0615785
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0886465
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01502250
IRS990ScheduleD/EquipmentGrp/BookValueAmt081411
IRS990ScheduleD/EquipmentGrp/DepreciationAmt099107
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0180518
IRS990ScheduleD/ExpensesSubtotalAmt04027370
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0770102
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt128888
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt28682
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOW RELATED TO PENSION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED OUTFLOW RELATED TO OPEB
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2NET OPEB ASSET
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0368942
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02280668
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02649610
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01226367
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1427147
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2226559
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt376959
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt424352
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1BUILDING LEASE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED SALARIES AND BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED INFLOW RELATED TO PENSION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4DEFERRED INFLOW RELATED TO OPEBB
IRS990ScheduleD/RevenueSubtotalAmt04149623
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01066138
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0807672
IRS990ScheduleD/TotalExpensesPerForm990Amt04027370
IRS990ScheduleD/TotalLiabilityAmt01981384
IRS990ScheduleD/TotalRevenuePerForm990Amt04149623
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04149623
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04027370
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
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
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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 VOTING 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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03125810
IRS990/TotalAssetsEOYAmt03007728
IRS990/TotalAssetsGrp/BOYAmt03125810
IRS990/TotalAssetsGrp/EOYAmt03007728
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01751988
IRS990/TotalEmployeeCnt055
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01902520
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02124850
IRS990/TotalFunctionalExpensesGrp/TotalAmt04027370
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02427772
IRS990/TotalLiabilitiesEOYAmt02187437
IRS990/TotalLiabilitiesGrp/BOYAmt02427772
IRS990/TotalLiabilitiesGrp/EOYAmt02187437
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0698038
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0820291
IRS990/TotalProgramServiceExpensesAmt02124850
IRS990/TotalProgramServiceRevenueAmt02376127
IRS990/TotalReportableCompFromOrgAmt0102375
IRS990/TotalRevenueGrp/ExclusionAmt021508
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02376127
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04149623
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03125810
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03007728
IRS990/TravelGrp/ManagementAndGeneralAmt024258
IRS990/TravelGrp/TotalAmt024258
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0212339
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0164485
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt012000 EAST 47TH AVENUE
IRS990/USAddress/CityNm0DENVER
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080239
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.ACADEMY-360.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANNELISE NUGENT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03035741360
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ACADEMY 360
ReturnHeader/Filer/BusinessNameControlTxt0ACAD
ReturnHeader/Filer/EIN0455010185
ReturnHeader/Filer/PhoneNum03035741360
ReturnHeader/Filer/USAddress/AddressLine1Txt012000 EAST 47TH AVENUE

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