Civic Intelligence

Silver Spruce Academy Inc

990 • Fiscal year 2023 • EIN 46-3555425

Jul 01, 2022 to Jun 30, 2023 • Filed on Oct 24, 2023

PO Box 966Bayfield, CO 81122

(970) 500-5657

Siviq Scores

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

Liabilities / Assets

90th percentile

0.48x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

0.49x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

31st percentile

-6.4%

Higher net margin than 31% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

38th percentile

-5.1%

Faster asset growth than 38% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

71st percentile

28%

Faster revenue growth than 71% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$277,624

Down $14,862 (-5.1%) from 2022

Net Assets

Down

$144,239

Down $16,744 (-10%) from 2022

Liabilities

Up

$133,385

Up $1,882 (+1.4%) from 2022

Revenue

Up

$269,568

Up $58,856 (+28%) from 2022

Expenses

Up

$286,762

Up $97,694 (+52%) from 2022

Net Income

Down

-$17,194

Down $38,838 (-179%) from 2022

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2014: $29,020Liabilities 2014: $753Net Assets 2014: $28,2672014Assets 2015: $98,806Liabilities 2015: $1,416Net Assets 2015: $97,3902015Assets 2016: $102,688Liabilities 2016: $2,452Net Assets 2016: $100,2362016Assets 2017: $144,747Liabilities 2017: $4,834Net Assets 2017: $139,9132017Assets 2018: $90,348Liabilities 2018: $3,466Net Assets 2018: $86,8822018Assets 2019: $71,099Net Assets 2019: $71,0992019Assets 2020: $130,962Liabilities 2020: $23,701Net Assets 2020: $107,2612020Assets 2021: $287,626Liabilities 2021: $148,287Net Assets 2021: $139,3392021Assets 2022: $292,486Liabilities 2022: $131,503Net Assets 2022: $160,9832022Assets 2023: $277,624Liabilities 2023: $133,385Net Assets 2023: $144,2392023Assets 2024: $202,233Liabilities 2024: $4,589Net Assets 2024: $197,6442024Assets 2025: $196,444Liabilities 2025: $4,383Net Assets 2025: $192,0612025

Highlighted filing

2023

Assets$277,624
Liabilities$133,385
Net Assets$144,239

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2014: $135,796Expenses 2014: $107,529Net Income 2014: $28,2672014Revenue 2015: $206,102Expenses 2015: $136,979Net Income 2015: $69,1232015Revenue 2016: $198,771Expenses 2016: $195,925Net Income 2016: $2,8462016Revenue 2017: $266,551Expenses 2017: $226,346Net Income 2017: $40,2052017Revenue 2018: $140,854Expenses 2018: $184,247Net Income 2018: -$43,3932018Revenue 2019: $139,116Expenses 2019: $154,899Net Income 2019: -$15,7832019Revenue 2020: $191,820Expenses 2020: $152,295Net Income 2020: $39,5252020Revenue 2021: $176,038Expenses 2021: $143,960Net Income 2021: $32,0782021Revenue 2022: $210,712Expenses 2022: $189,068Net Income 2022: $21,6442022Revenue 2023: $269,568Expenses 2023: $286,762Net Income 2023: -$17,1942023Revenue 2024: $301,517Expenses 2024: $249,052Net Income 2024: $52,4652024Revenue 2025: $223,214Expenses 2025: $227,860Net Income 2025: -$4,6462025

Highlighted filing

2023

Revenue$269,568
Expenses$286,762
Net Income-$17,194
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 24, 2023
Return Version
2022v5.0
Gross Receipts
$269,568
Mission and Program Overview

Mission

Silver SPRUCE Academy provides educational enrichment programs and courses to students and families throughout the Four Corners Area, in collaboration with our educational organizations. SPRUCE stands for Supplemental Programs Utilized in Curriculum Education.

Silver spruce academy provides supplemental programs and resources utilized in curriculum education to students and families throughout the four corners area, in collaboration wtih other educational institutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$178,081$176,247▼ $1,834
Savings and Temporary Cash Investments$76,696$62,070▼ $14,626
Cash and Non-Interest-Bearing Accounts$4,598$6,711▲ $2,113
Prepaid Expenses and Deferred Charges$885$885→ $0
Intangible Assets$515--
Total Assets$292,486$277,624▼ $14,862
Other Assets Total$31,711$31,711→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$127,500$127,500→ $0
Accounts Payable and Accrued Expenses$4,003$5,885▲ $1,882
Total Liabilities$131,503$133,385▲ $1,882
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$160,983$144,239▼ $16,744
Total Net Assets Fund Balance$160,983$144,239▼ $16,744
Total Liabilities and Net Assets / Fund Balance$292,486$277,624▼ $14,862

Asset Categories

AssetBook ValueDepreciationBasis
Land$170,951-$170,951
Equipment$5,296$38,166$43,462
Other Assets Org$31,711--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jonathan DrakePresident
Luri OwenDirector
Susan VisserDirector
Natalie Horn-howardExecutive Di
Rylee MeshewTreasurer
Monica WagnerVP & Secreta
Revenue and Support

Revenue Composition

Contributions and Grants
$9,294
Program Service Revenue
$260,185
Investment Income
$89
Other Revenue
$0
All Other Contributions
$9,294
Change in Net Assets
$-17,194
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$148,122
Salaries, Compensation, and Employee Benefits$138,640
Total Fundraising Expense$9,829
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$101,784$19,085$6,362$127,231
Occupancy$17,859$3,349$1,117$22,325
Payroll Taxes$9,128$1,711$570$11,409
Fees for Services Accounting-$9,343-$9,343
Insurance$7,131$1,338$447$8,916
Interest$6,992$1,311$437$8,740
All Other Expenses$6,518$138$231$6,887
Office Expenses$2,897$544$183$3,624
Other Expenses$2,572$673$224$2,572
Advertising$1,905$357$119$2,381
Depreciation Depletion$1,880$352$117$2,349
Fees for Services Other$351$66$22$439
Total Functional Expenses$238,666$38,267$9,829$286,762
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
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
Yes
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 full board reviews the 990 at a board meeting, and has the opportunity to make edits and suggestions. The final revised copy of the form 990 is provided electronically to board members for final approval prior to filing with the irs.

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

The conflict of interest policy requires directors, officers and key staff to annually disclose interests that could give rise to conflicts. The policy and disclosure form is distributed to and collected from all new staff at the time of hire. Potential conflicts are reviewed by the board of directors.

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

The board of directors, during the executive director's annual performance evaluation and during budget review and approval times, examines compensation information from similar organizations locally and within the state of colorado in conjunction with the available funds expected to be received for each student.

Form 990, Page 6, Part VI, Line 19

Governing and financial documents are available upon written request.

Filing and Contact Details

Filer

Filer Name
Silver Spruce Academy Inc
EIN
46-3555425
Phone
9705005657
Address
PO BOX 966, BAYFIELD, CO 81122

Signing Officer

Name
Natalie Horn-howard
Title
Executive Director
Phone
9707593415
Signed
2023-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Natalie Horn-howard
Formed
2013
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
5
Employees
6
Volunteers
102

Preparer

Firm
Taylor Roth and Company
Address
800 GRANT ST STE 205, DENVER, CO 80203-2944
Preparer
Diane Granger
Phone
3038308109
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Spruce culminated our 10th year of school choice shared school service in the four corners area with our largest student body to date we are greatly valuing our contracts through mountain middle school, animas high school, pueblo community college, san juan college and the charter school institute. We served 71 funded students, benefitted from 102 volunteers w/ over 396 hours to offer 103 classes and 43 educational events to a total of 239 students served our landlords were gracious in working with us to offer our third year at the location of 40 acres of rural outdoor adventures near lakes, rivers, trails and fields to offer classes in entomology, noxious weeds, botany, co history, horse riding, sustainable farms, state parks, measurements, safety town, novel in a year, talents, musical instruments, dance, human acrobats, bringing books to life, sewing, vision boards, quilting, and more spruce has remained a viable and successful non-profit creating financial feasibility and stability for the organization, staff, participants, and community collaborations as we transition into our 11th year with the expectation of planting roots to open our permanent location by aug. 1, 2024 to continue our mission to provide educational enrichment programs and courses to students and families throughout the four corners area, in collaboration with other educational organizations. Spruce up your education using your heart to guide your head & hands

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IRS990ScheduleD/EquipmentGrp/DepreciationAmt038166
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt043462
IRS990ScheduleD/LandGrp/BookValueAmt0170951
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0170951
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt031711
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
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IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE RACIAL NONDISCRIMINATION POLICY IS INCLUDED IN THE SCHOOL HANDBOOKS AND ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES FUNDING FROM LOCAL SCHOOL DISTRICTS TO PROVIDE ENRICHMENT ACTIVITIES FOR HOMESCHOOLED STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SPRUCE CULMINATED OUR 10TH YEAR OF SCHOOL CHOICE SHARED SCHOOL SERVICE IN THE FOUR CORNERS AREA WITH OUR LARGEST STUDENT BODY TO DATE WE ARE GREATLY VALUING OUR CONTRACTS THROUGH MOUNTAIN MIDDLE SCHOOL, ANIMAS HIGH SCHOOL, PUEBLO COMMUNITY COLLEGE, SAN JUAN COLLEGE AND THE CHARTER SCHOOL INSTITUTE. WE SERVED 71 FUNDED STUDENTS, BENEFITTED FROM 102 VOLUNTEERS W/ OVER 396 HOURS TO OFFER 103 CLASSES AND 43 EDUCATIONAL EVENTS TO A TOTAL OF 239 STUDENTS SERVED OUR LANDLORDS WERE GRACIOUS IN WORKING WITH US TO OFFER OUR THIRD YEAR AT THE LOCATION OF 40 ACRES OF RURAL OUTDOOR ADVENTURES NEAR LAKES, RIVERS, TRAILS AND FIELDS TO OFFER CLASSES IN ENTOMOLOGY, NOXIOUS WEEDS, BOTANY, CO HISTORY, HORSE RIDING, SUSTAINABLE FARMS, STATE PARKS, MEASUREMENTS, SAFETY TOWN, NOVEL IN A YEAR, TALENTS, MUSICAL INSTRUMENTS, DANCE, HUMAN ACROBATS, BRINGING BOOKS TO LIFE, SEWING, VISION BOARDS, QUILTING, AND MORE SPRUCE HAS REMAINED A VIABLE AND SUCCESSFUL NON-PROFIT CREATING FINANCIAL FEASIBILITY AND STABILITY FOR THE ORGANIZATION, STAFF, PARTICIPANTS, AND COMMUNITY COLLABORATIONS AS WE TRANSITION INTO OUR 11TH YEAR WITH THE EXPECTATION OF PLANTING ROOTS TO OPEN OUR PERMANENT LOCATION BY AUG. 1, 2024 TO CONTINUE OUR MISSION TO PROVIDE EDUCATIONAL ENRICHMENT PROGRAMS AND COURSES TO STUDENTS AND FAMILIES THROUGHOUT THE FOUR CORNERS AREA, IN COLLABORATION WITH OTHER EDUCATIONAL ORGANIZATIONS. SPRUCE UP YOUR EDUCATION USING YOUR HEART TO GUIDE YOUR HEAD & HANDS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FULL BOARD REVIEWS THE 990 AT A BOARD MEETING, AND HAS THE OPPORTUNITY TO MAKE EDITS AND SUGGESTIONS. THE FINAL REVISED COPY OF THE FORM 990 IS PROVIDED ELECTRONICALLY TO BOARD MEMBERS FOR FINAL APPROVAL PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY REQUIRES DIRECTORS, OFFICERS AND KEY STAFF TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE POLICY AND DISCLOSURE FORM IS DISTRIBUTED TO AND COLLECTED FROM ALL NEW STAFF AT THE TIME OF HIRE. POTENTIAL CONFLICTS ARE REVIEWED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS, DURING THE EXECUTIVE DIRECTOR'S ANNUAL PERFORMANCE EVALUATION AND DURING BUDGET REVIEW AND APPROVAL TIMES, EXAMINES COMPENSATION INFORMATION FROM SIMILAR ORGANIZATIONS LOCALLY AND WITHIN THE STATE OF COLORADO IN CONJUNCTION WITH THE AVAILABLE FUNDS EXPECTED TO BE RECEIVED FOR EACH STUDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING AND FINANCIAL DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
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
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IRS990/WebsiteAddressTxt0SILVERSPRUCEACADEMY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NATALIE HORN-HOWARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09707593415
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SILVER SPRUCE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0SILV
ReturnHeader/Filer/EIN0463555425
ReturnHeader/Filer/PhoneNum09705005657
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 966
ReturnHeader/Filer/USAddress/CityNm0BAYFIELD
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203746583
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TAYLOR ROTH AND COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0800 GRANT ST STE 205
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DENVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0802032944
ReturnHeader/PreparerPersonGrp/PhoneNum03038308109
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DIANE GRANGER
ReturnHeader/ReturnTs02023-10-25T11:29:53-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0NATALIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HOWARD
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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