Civic Intelligence

Salida Montessori Charter School Inc.

990 • Fiscal year 2022 • EIN 46-3834026

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 09, 2022

PO Box 1080Salida, CO 81201

(719) 539-4887

Siviq Scores

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

Liabilities / Assets

98th percentile

1.68x

Higher debt load relative to assets than 98% of similar nonprofits.

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

Liabilities / Revenue

89th percentile

1.17x

Higher debt load relative to revenue than 89% of similar nonprofits.

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

Net Margin

61st percentile

13%

Higher net margin than 61% of similar nonprofits.

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

Top Officer Pay

52nd percentile

$64,388

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

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

Asset Growth

73rd percentile

16%

Faster asset growth than 73% of similar nonprofits.

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

Revenue Growth

81st percentile

48%

Faster revenue growth than 81% of similar nonprofits.

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

Assets

Up

$1,182,474

Up $161,798 (+16%) from 2021

Net Assets

Up

-$806,036

Up $667,301 (+45%) from 2021

Liabilities

Down

$1,988,510

Down $505,503 (-20%) from 2021

Revenue

Up

$1,702,308

Up $552,365 (+48%) from 2021

Expenses

Up

$1,482,406

Up $413,654 (+39%) from 2021

Net Income

Up

$219,902

Up $138,711 (+171%) from 2021

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2016: $1,187,570Liabilities 2016: $1,324,852Net Assets 2016: -$137,2822016Assets 2017: $2,253,544Liabilities 2017: $3,205,249Net Assets 2017: -$951,7052017Assets 2018: $1,962,475Liabilities 2018: $4,096,330Net Assets 2018: -$2,133,8552018Assets 2019: $1,030,086Liabilities 2019: $3,354,319Net Assets 2019: -$2,324,2332019Assets 2020: $796,603Liabilities 2020: $2,872,596Net Assets 2020: -$2,075,9932020Assets 2021: $1,020,676Liabilities 2021: $2,494,013Net Assets 2021: -$1,473,3372021Assets 2022: $1,182,474Liabilities 2022: $1,988,510Net Assets 2022: -$806,0362022Assets 2023: $1,782,225Liabilities 2023: $2,220,037Net Assets 2023: -$437,8122023Assets 2025: $5,093,055Liabilities 2025: $6,204,382Net Assets 2025: -$1,111,3272025

Highlighted filing

2022

Assets$1,182,474
Liabilities$1,988,510
Net Assets-$806,036

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2016: $1,080,142Expenses 2016: $1,217,549Net Income 2016: -$137,4072016Revenue 2017: $1,207,460Expenses 2017: $2,021,883Net Income 2017: -$814,4232017Revenue 2018: $990,277Expenses 2018: $2,098,829Net Income 2018: -$1,108,5522018Revenue 2019: $1,069,598Expenses 2019: $1,259,976Net Income 2019: -$190,3782019Revenue 2020: $1,128,479Expenses 2020: $880,239Net Income 2020: $248,2402020Revenue 2021: $1,149,943Expenses 2021: $1,068,752Net Income 2021: $81,1912021Revenue 2022: $1,702,308Expenses 2022: $1,482,406Net Income 2022: $219,9022022Revenue 2023: $2,210,973Expenses 2023: $1,791,740Net Income 2023: $419,2332023Revenue 2025: $9,746,184Expenses 2025: $9,955,124Net Income 2025: -$208,9402025

Highlighted filing

2022

Revenue$1,702,308
Expenses$1,482,406
Net Income$219,902
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 9, 2022
Return Version
2021v4.1
Gross Receipts
$1,702,308
Mission and Program Overview

Mission

Salida Montessori Charter School provides an authentic Montessori education to student PK-8. Enrollment is approximately 120 students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$547,741$803,301▲ $255,560
Accounts Receivable$40,028$61,590▲ $21,562
Prepaid Expenses and Deferred Charges$9,777$13,589▲ $3,812
Land, Buildings, and Equipment, Net$14,494$11,350▼ $3,144
Total Assets$1,020,676$1,182,474▲ $161,798
Other Assets Total$408,636$292,644▼ $115,992
Liabilities
Other Liabilities$2,386,364$1,820,973▼ $565,391
Accounts Payable and Accrued Expenses$74,901$97,312▲ $22,411
Deferred Revenue$32,748$70,225▲ $37,477
Total Liabilities$2,494,013$1,988,510▼ $505,503
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,473,337$-806,036▲ $667,301
Total Net Assets Fund Balance$-1,473,337$-806,036▲ $667,301
Total Liabilities and Net Assets / Fund Balance$1,020,676$1,182,474▲ $161,798

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,350$29,222-
Other Assets Org$2,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Courtney LandryHead of SchoolFT$49,440$14,948$64,388

Board Members and Trustees

NameTitle
Erin OliverChair
Marie Walter-PiggVice Chair
Annie JacobDirector
Catherine LaraSecretary
David HandleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$272,479
Program Service Revenue
$1,427,474
Investment Income
$86
Other Revenue
$2,269
All Other Contributions
$21,984
Change in Net Assets
$219,902

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,702,308
Total Revenue per Audited Statements
$1,702,308
Total Revenue per Form 990
$1,702,308
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,014,189
Other Expenses$468,217
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$615,072$114,226$0$729,298
Pension Plan Contributions$136,715$38,515$0$175,230
Occupancy$0$136,996$0$136,996
Current Officers, Directors, Trustees, and Key Employees$0$49,440$0$49,440
Other Employee Benefits$40,873$8,068$0$48,941
Fees for Services Other$20,424$25,353$0$45,777
Fees for Services Accounting$0$28,706$0$28,706
Other Expenses$15,033$11,897$0$26,930
Insurance$0$23,811$0$23,811
Conferences and Meetings$16,945$804$0$17,749
Payroll Taxes$8,797$2,483$0$11,280
All Other Expenses$0$7,737$0$7,737
Information Technology$0$7,436$0$7,436
Travel$0$7,155$0$7,155
Depreciation Depletion$0$3,144$0$3,144
Advertising$0$768$0$768
Fees for Services Legal$0$660$0$660
Office Expenses$0$510$0$510
Total Functional Expenses$959,100$523,306$0$1,482,406

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,482,406
Total Expenses per Audited Statements$1,482,406
Total Expenses per Form 990$1,482,406
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$1,255,558
Deferred Inflows - Pension Related$482,118
Net OPEB Liability$59,290
Deferred Inflows - OPEB Related$24,007
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Salida Montessori Charter School
EIN
46-3834026
Phone
7195394887
Address
PO Box 1080, Salida, CO 81201

Signing Officer

Name
Courtney Landry
Title
Head of School
Phone
7195394887
Signed
2022-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Courtney Landry
Formed
2015
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
5
Employees
37
Volunteers
20

Preparer

Firm
Bart Skidmore CPA
Address
726 Geneva St, Aurora, CO 80010
Preparer
Bart A Skidmore CPA Inc
Phone
3033651696
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Copies of Form 990 were distributed to Board Members for review and approval via email prior to filing.

Pt VI, Line 12C

Prospective Board Members are screened for potential conflicts of interest prior to appointment. Board Members are required to disclose conflicts of interest during Board meetings. Annual Conflict of Interest Statements are completed and reviewed by the Board and any discrepancies are reported to the Board President for resolution.

Pt VI, Line 15A

Compensation for officers and key employees was determined by the Board of Directors using comparative data and documented in the meeting minutes of the executive session.

Pt VI, Line 15B

Compensation for officers and key employees was determined by the Board of Directors using comparative data and documented in the meeting minutes of the executive session.

Pt VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public via its website and upon request.

Pt XI

Line 9. Changes during the year to Deferred Outflows of Resources, Liabilities, and Deferred Inflows of Resources related to pensions and post-employment benefits other than pensions (OPEB) resulted in an increase in Net Assets. The changes increased Net Assets by $447,399.

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IRS990/ProgramServiceRevenueGrp/Desc0Per Pupil Revenue
IRS990/ProgramServiceRevenueGrp/Desc1Mil Levy Revenue
IRS990/ProgramServiceRevenueGrp/Desc2Preschool Tuition
IRS990/ProgramServiceRevenueGrp/Desc3Student Fees
IRS990/ProgramServiceRevenueGrp/Desc4Preschool CCAP Revenue
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01000027
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt153278
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2295513
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt364941
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt413715
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0228112
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt073
IRS990/PYOtherExpensesAmt0320452
IRS990/PYOtherRevenueAmt09569
IRS990/PYProgramServiceRevenueAmt0912189
IRS990/PYRevenuesLessExpensesAmt081191
IRS990/PYSalariesCompEmpBnftPaidAmt0748300
IRS990/PYTotalExpensesAmt01068752
IRS990/PYTotalRevenueAmt01149943
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0219902
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01702308
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt011350
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029222
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt040572
IRS990ScheduleD/ExpensesSubtotalAmt01482406
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0279787
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt110857
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt22000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows - Pension Related
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows - OPEB Related
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01255558
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt159290
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2482118
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred Inflows - Pension Related
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred Inflows - OPEB Related
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0292644
IRS990ScheduleD/TotalExpensesPerForm990Amt01482406
IRS990ScheduleD/TotalLiabilityAmt01820973
IRS990ScheduleD/TotalRevenuePerForm990Amt01702308
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01702308
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01482406
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/ExplanationTxt06a. The school receives the bulk of its funding from the State of Colorado and is required to follow all state laws regarding education.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Policies are published in student and staff handbooks and on website. The School discloses the non-discrimation policies in the student and staff handbooks
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 6b
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Copies of Form 990 were distributed to Board Members for review and approval via email prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Prospective Board Members are screened for potential conflicts of interest prior to appointment. Board Members are required to disclose conflicts of interest during Board meetings. Annual Conflict of Interest Statements are completed and reviewed by the Board and any discrepancies are reported to the Board President for resolution.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation for officers and key employees was determined by the Board of Directors using comparative data and documented in the meeting minutes of the executive session.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation for officers and key employees was determined by the Board of Directors using comparative data and documented in the meeting minutes of the executive session.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes its governing documents, conflict of interest policy, and financial statements available to the public via its website and upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Line 9. Changes during the year to Deferred Outflows of Resources, Liabilities, and Deferred Inflows of Resources related to pensions and post-employment benefits other than pensions (OPEB) resulted in an increase in Net Assets. The changes increased Net Assets by $447,399.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt XI
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NA

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