Civic Intelligence

Roosevelt Charter Academy

990 • Fiscal year 2015 • EIN 46-3712766

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 08, 2016

Organization ProfileRECSBEARS.COM
205 Byron DriveColorado Springs, CO 80910

(719) 637-0311

Siviq Scores

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

Liabilities / Assets

100th percentile

6.10x

Higher debt load relative to assets than 100% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

83rd percentile

1.22x

Higher debt load relative to revenue than 83% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

55th percentile

4.1%

Higher net margin than 55% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Balance Sheet
Liabilities / Assets100th percentile

Assets

$1,269,255

No earlier filing loaded for comparison.

Net Assets

-$6,471,657

No earlier filing loaded for comparison.

Liabilities

$7,740,912

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin55th percentile

Revenue

$6,322,639

No earlier filing loaded for comparison.

Expenses

$6,064,095

No earlier filing loaded for comparison.

Net Income

$258,544

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$30M$20M$10M$0-$10M-$20MAssets 2015: $1,269,255Liabilities 2015: $7,740,912Net Assets 2015: -$6,471,6572015Assets 2016: $3,180,685Liabilities 2016: $9,404,029Net Assets 2016: -$6,223,3442016Assets 2017: $9,465,496Liabilities 2017: $17,912,687Net Assets 2017: -$8,447,1912017Assets 2018: $10,642,368Liabilities 2018: $21,139,936Net Assets 2018: -$10,497,5682018Assets 2019: $9,421,069Liabilities 2019: $16,813,501Net Assets 2019: -$7,392,4322019Assets 2020: $9,565,384Liabilities 2020: $13,682,722Net Assets 2020: -$4,117,3382020Assets 2021: $10,835,619Liabilities 2021: $11,964,470Net Assets 2021: -$1,128,8512021Assets 2022: $10,345,562Liabilities 2022: $8,639,112Net Assets 2022: $1,706,4502022Assets 2023: $11,134,674Liabilities 2023: $8,622,863Net Assets 2023: $2,511,8112023Assets 2024: $13,677,699Liabilities 2024: $9,138,998Net Assets 2024: $4,538,7012024

Highlighted filing

2015

Assets$1,269,255
Liabilities$7,740,912
Net Assets-$6,471,657
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0-$5.0MRevenue 2015: $6,322,639Expenses 2015: $6,064,095Net Income 2015: $258,5442015Revenue 2016: $6,638,950Expenses 2016: $6,390,637Net Income 2016: $248,3132016Revenue 2017: $6,220,598Expenses 2017: $8,444,445Net Income 2017: -$2,223,8472017Revenue 2018: $7,666,436Expenses 2018: $9,300,077Net Income 2018: -$1,633,6412018Revenue 2019: $7,734,774Expenses 2019: $4,629,638Net Income 2019: $3,105,1362019Revenue 2020: $7,742,877Expenses 2020: $4,467,783Net Income 2020: $3,275,0942020Revenue 2021: $7,215,659Expenses 2021: $4,227,172Net Income 2021: $2,988,4872021Revenue 2022: $6,645,887Expenses 2022: $3,810,586Net Income 2022: $2,835,3012022Revenue 2023: $7,631,438Expenses 2023: $6,826,077Net Income 2023: $805,3612023Revenue 2024: $9,296,198Expenses 2024: $7,269,308Net Income 2024: $2,026,8902024

Highlighted filing

2015

Revenue$6,322,639
Expenses$6,064,095
Net Income$258,544
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 8, 2016
Return Version
2014v6.0
Gross Receipts
$6,322,639
Mission and Program Overview

Mission

To provide a world class education to all students that addresses academic proficiencies as well as life skills to ensure successful participation in a democratic society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$476,216$618,507▲ $142,291
Land, Buildings, and Equipment, Net$17,856$22,625▲ $4,769
Accounts Receivable$33,343$18,302▼ $15,041
Total Assets$687,723$1,269,255▲ $581,532
Other Assets Total$160,308$609,821▲ $449,513
Liabilities
Other Liabilities$0$7,573,105▲ $7,573,105
Accounts Payable and Accrued Expenses$504,871$167,807▼ $337,064
Total Liabilities$504,871$7,740,912▲ $7,236,041
Net Assets / Fund Balance
Temporarily Rstr Net Assets$178,164$194,663▲ $16,499
Unrestricted Net Assets$4,688$-6,666,320▼ $6,671,008
Total Net Assets Fund Balance$182,852$-6,471,657▼ $6,654,509
Total Liabilities and Net Assets / Fund Balance$687,723$1,269,255▲ $581,532

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,453$1,858,362$1,871,815
Leasehold Improvements$9,172$672,714$681,886
Other Assets Org$437,783--
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Sandra DammBoard President
Evan KendrickBoard Member
James BuchananBoard Member
Jasmine LarsonBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$991,176
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$5,331,463
Change in Net Assets
$258,544

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,322,639
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,322,639
Total Revenue per Form 990
$6,322,639
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,763,631
Other Expenses$2,300,464
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,244,687$358,362-$2,603,049
Fees for Services Management$1,535,330$61,440-$1,596,770
Pension Plan Contributions$576,190$89,850-$666,040
Other Employee Benefits$373,118$79,194-$452,312
Information Technology$147,746$34,080-$181,826
Office Expenses-$132,252-$132,252
Payroll Taxes$36,963$5,267-$42,230
Insurance$32,361$3,350-$35,711
Depreciation Depletion$27,872--$27,872
Other Expenses$10,605$6,420-$17,025
Fees for Services Accounting-$15,000-$15,000
Conferences and Meetings$5,490$1,016-$6,506
Travel$5,103$840-$5,943
All Other Expenses$-28,680--$-28,680
Total Functional Expenses$5,276,236$787,859$0$6,064,095

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,064,095
Total Expenses per Audited Statements$6,064,095
Total Expenses per Form 990$6,064,095
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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$7,545,718
Deferred Inflow of Resources$27,387
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The board has hired edison learning as the management company.”

Form 990, Part VI, Section B, Line 11

“A copy of the form 990 was reviewed by and distributed to the governing body prior to its filing.”

Form 990, Part VI, Section B, Line 12C

“Annual conflict of interest policies are distributed and signed by all board members. They are collected, reviewed, and filed by the executive director. The executive director reviews the policy annually at board and staff meetings.”

Form 990, Part VI, Section B, Line 15A

“Edison learning, a management company that has been contracted by the organization, researches local and national salaries in order to ensure that management compensation is commisurate with similar organizations.”

Form 990, Part VI, Section C, Line 19

“The organization makes it's governing documents, conflict of interest policy, and financial statements available to the public on the organization's website, the charter schools institute website, and upon request.”

Filing and Contact Details

Filer

Filer Name
Roosevelt-edison Charter School
EIN
46-3712766
Phone
7196370311
Address
205 BYRON DRIVE, COLORADO SPRINGS, CO 80910

Signing Officer

Name
Sandra Damm
Title
Board President
Phone
7196370311
Signed
2016-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandra Damm
Formed
2013
Legal Domicile
Co
Voting Board Members
4
Independent Board Members
4
Employees
118
Volunteers
0

Preparer

Firm
Rubinbrown Llp
Address
1900 16TH STREET SUITE 300, DENVER, CO 80202
Preparer
Kimberly Ann Ryan
Phone
3036981883
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Adjustment due to implementation of gasb 68 -6,913,053.”

Part XII, Line 2C

“No change from prior year.”

Raw XML Appendix392 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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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0609821
IRS990ScheduleD/TotalExpensesPerForm990Amt06064095
IRS990ScheduleD/TotalLiabilityAmt07573105
IRS990ScheduleD/TotalRevenuePerForm990Amt06322639
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06322639
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06064095
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS PUBLICIZED IN THEIR STUDENT ENROLLMENT FORMS, WHICH CAN BE FOUND ON THE SCHOOL'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION RECEIVES FINANCIAL AID IN THE FORM OF GOVERNMENT GRANTS FROM THE COLORADO DEPARTMENT OF EDUCATION AND COLORADO SPRINGS DISTRICT 11.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD HAS HIRED EDISON LEARNING AS THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 WAS REVIEWED BY AND DISTRIBUTED TO THE GOVERNING BODY PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL CONFLICT OF INTEREST POLICIES ARE DISTRIBUTED AND SIGNED BY ALL BOARD MEMBERS. THEY ARE COLLECTED, REVIEWED, AND FILED BY THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR REVIEWS THE POLICY ANNUALLY AT BOARD AND STAFF MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EDISON LEARNING, A MANAGEMENT COMPANY THAT HAS BEEN CONTRACTED BY THE ORGANIZATION, RESEARCHES LOCAL AND NATIONAL SALARIES IN ORDER TO ENSURE THAT MANAGEMENT COMPENSATION IS COMMISURATE WITH SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE, THE CHARTER SCHOOLS INSTITUTE WEBSITE, AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ADJUSTMENT DUE TO IMPLEMENTATION OF GASB 68 -6,913,053.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO CHANGE FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0178164
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0194663
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0687723
IRS990/TotalAssetsEOYAmt01269255
IRS990/TotalAssetsGrp/BOYAmt0687723
IRS990/TotalAssetsGrp/EOYAmt01269255
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0991176
IRS990/TotalEmployeeCnt0118
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0787859
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05276236
IRS990/TotalFunctionalExpensesGrp/TotalAmt06064095
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0504871
IRS990/TotalLiabilitiesEOYAmt07740912
IRS990/TotalLiabilitiesGrp/BOYAmt0504871
IRS990/TotalLiabilitiesGrp/EOYAmt07740912
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0182852
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-6471657
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt05276236
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05331463
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06322639
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0687723
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01269255
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0840
IRS990/TravelGrp/ProgramServicesAmt05103
IRS990/TravelGrp/TotalAmt05943
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt04688
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-6666320
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0205 BYRON DRIVE
IRS990/USAddress/CityNm0COLORADO SPRINGS
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080910
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0HTTP://RECSBEARS.COM/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SANDRA DAMM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07196370311
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROOSEVELT-EDISON CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0ROOS
ReturnHeader/Filer/EIN0463712766
ReturnHeader/Filer/PhoneNum07196370311
ReturnHeader/Filer/USAddress/AddressLine1Txt0205 BYRON DRIVE
ReturnHeader/Filer/USAddress/CityNm0COLORADO SPRINGS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080910
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0430765316
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RUBINBROWN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01900 16TH STREET SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DENVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080202
ReturnHeader/PreparerPersonGrp/PhoneNum03036981883
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIMBERLY ANN RYAN
ReturnHeader/ReturnTs02016-02-18T09:20:31-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,269,255
Liabilities
$7,740,912
Net assets
-$6,471,657
Revenue
$6,322,639
Expenses
$6,064,095
Net income
$258,544
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.7$9.14$4.54$9.30$7.27$2.03
2023Detailed filing. Detailed filing data is available for this year.$11.1$8.62$2.51$7.63$6.83$0.81
2022Detailed filing. Detailed filing data is available for this year.$10.3$8.64$1.71$6.65$3.81$2.84
2021Detailed filing. Detailed filing data is available for this year.$10.8$12.0$1.13$7.22$4.23$2.99
2020Detailed filing. Detailed filing data is available for this year.$9.57$13.7$4.12$7.74$4.47$3.28
2019Detailed filing. Detailed filing data is available for this year.$9.42$16.8$7.39$7.73$4.63$3.11
2018Detailed filing. Detailed filing data is available for this year.$10.6$21.1$10.5$7.67$9.30$1.63
2017Detailed filing. Detailed filing data is available for this year.$9.47$17.9$8.45$6.22$8.44$2.22
2016Summary only. Only limited summary data is available for this year.$3.18$9.40$6.22$6.64$6.39$0.25
2015Detailed filing. Detailed filing data is available for this year.$1.27$7.74$6.47$6.32$6.06$0.26