Civic Intelligence

Horizons K-8 School Inc

990 • Fiscal year 2014 • EIN 46-4083631

Jul 01, 2013 to Jun 30, 2014 • Filed on Apr 09, 2015

4545 Sioux Dr80303

(720) 561-3600

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.22x

Higher debt load relative to assets than 62% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

39th percentile

0.07x

Higher debt load relative to revenue than 39% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

57th percentile

5.0%

Higher net margin than 57% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

72nd percentile

$105,681

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

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

Source year 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

$1,057,693

No earlier filing loaded for comparison.

Net Assets

$823,322

No earlier filing loaded for comparison.

Liabilities

$234,371

No earlier filing loaded for comparison.

Revenue

$3,583,171

No earlier filing loaded for comparison.

Expenses

$3,403,539

No earlier filing loaded for comparison.

Net Income

$179,632

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$20M$10M$0-$10MAssets 2014: $1,057,693Liabilities 2014: $234,371Net Assets 2014: $823,3222014Assets 2015: $1,767,514Liabilities 2015: $6,081,586Net Assets 2015: -$4,314,0722015Assets 2016: $2,292,526Liabilities 2016: $6,714,479Net Assets 2016: -$4,421,9532016Assets 2017: $6,505,261Liabilities 2017: $12,712,007Net Assets 2017: -$6,206,7462017Assets 2018: $5,831,190Liabilities 2018: $14,496,533Net Assets 2018: -$8,665,3432018Assets 2019: $4,640,812Liabilities 2019: $12,300,723Net Assets 2019: -$7,659,9112019Assets 2020: $3,286,656Liabilities 2020: $10,517,140Net Assets 2020: -$7,230,4842020Assets 2021: $5,052,052Liabilities 2021: $11,148,537Net Assets 2021: -$6,096,4852021Assets 2022: $3,760,477Liabilities 2022: $7,913,588Net Assets 2022: -$4,153,1112022Assets 2023: $3,750,120Liabilities 2023: $8,089,331Net Assets 2023: -$4,339,2112023Assets 2024: $4,558,927Liabilities 2024: $8,685,683Net Assets 2024: -$4,126,7562024

Highlighted filing

2014

Assets$1,057,693
Liabilities$234,371
Net Assets$823,322

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $3,583,171Expenses 2014: $3,403,539Net Income 2014: $179,6322014Revenue 2015: $3,745,280Expenses 2015: $3,360,130Net Income 2015: $385,1502015Revenue 2016: $3,737,304Expenses 2016: $3,571,368Net Income 2016: $165,9362016Revenue 2017: $3,870,354Expenses 2017: $3,653,945Net Income 2017: $216,4092017Revenue 2018: $4,042,326Expenses 2018: $3,819,857Net Income 2018: $222,4692018Revenue 2019: $4,439,864Expenses 2019: $4,328,655Net Income 2019: $111,2092019Revenue 2020: $4,564,647Expenses 2020: $4,562,017Net Income 2020: $2,6302020Revenue 2021: $4,563,619Expenses 2021: $4,793,589Net Income 2021: -$229,9702021Revenue 2022: $5,468,089Expenses 2022: $5,109,003Net Income 2022: $359,0862022Revenue 2023: $5,206,733Expenses 2023: $5,334,388Net Income 2023: -$127,6552023Revenue 2024: $5,897,996Expenses 2024: $5,653,498Net Income 2024: $244,4982024

Highlighted filing

2014

Revenue$3,583,171
Expenses$3,403,539
Net Income$179,632
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Apr 9, 2015
Return Version
2013v4.0
Gross Receipts
$3,583,171
Mission and Program Overview

Mission

The school's mission is to guide k-8 students to become self-directed learners and community contributors in a respectful learning environment.

The schools mission is to guide K-8 students to become self-directed learners and community contributors in a respectful learning environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$721,720$948,284▲ $226,564
Land, Buildings, and Equipment, Net$16,955$76,144▲ $59,189
Pledges and Grants Receivable-$31,319-
Inventories for Sale or Use$595$1,625▲ $1,030
Accounts Receivable-$321-
Total Assets$739,270$1,057,693▲ $318,423
Liabilities
Accounts Payable and Accrued Expenses$171,846$234,371▲ $62,525
Deferred Revenue$14,242--
Total Liabilities$186,088$234,371▲ $48,283
Net Assets / Fund Balance
Unrestricted Net Assets$447,694$725,553▲ $277,859
Temporarily Rstr Net Assets$105,488$97,769▼ $7,719
Total Net Assets Fund Balance$553,182$823,322▲ $270,140
Total Liabilities and Net Assets / Fund Balance$739,270$1,057,693▲ $318,423

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$76,144$12,809$88,953
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
John McCluskeySchool PrincipalFT$105,681$105,681
Elizabeth MeadorAssistant School PrincipalFT$79,282$79,282
Jim FreundBoard member-$76,253$76,253
Carol Nelson-WollerBoard member-$63,356$63,356
Nichole HouserBoard member-$49,144$49,144
Beth ColemanBoard member-$44,131$44,131

Board Members and Trustees

NameTitle
Cheri FelixBoard member
Danny ConroyBoard member
Kevin HolstBoard member
Laurie BraunsteinBoard member
Ron WawrzynekBoard member
Rosemary McKnightBoard member

Highest Paid Contractors

ContractorServicesLocationCompensation
Boulder Valley School DistrictOperational support-$619,033
Revenue and Support

Revenue Composition

Contributions and Grants
$436,186
Program Service Revenue
$3,133,739
Investment Income
$0
Other Revenue
$13,246
All Other Contributions
$56,873
Change in Net Assets
$179,632

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,583,171
Total Revenue per Audited Statements
$3,583,171
Total Revenue per Form 990
$3,583,171
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,363,597
Other Expenses$1,039,942
Total Fundraising Expense$143,878
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,290,429$216,135-$1,506,564
Current Officers, Directors, Trustees, and Key Employees$280,440$47,556$10,568$338,564
Pension Plan Contributions$248,263$35,478-$283,741
Other Employee Benefits$186,430$24,212-$210,642
Other Expenses$145,523$143,455$133,310$133,310
All Other Expenses$29,152$7,344-$36,496
Fees for Services Other$33,712$1,577-$35,289
Payroll Taxes$21,073$3,013-$24,086
Occupancy$11,289$2,109-$13,398
Office Expenses-$5,378-$5,378
Fees for Services Accounting-$3,000-$3,000
Depreciation Depletion$952$178-$1,130
Total Functional Expenses$2,770,226$489,435$143,878$3,403,539

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,403,539
Total Expenses per Audited Statements$3,403,539
Total Expenses per Form 990$3,403,539
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
----$18,977
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
Federal income taxes-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 is first reviewed by the Finance Review Committee. It is then distributed to members of the Board and they vote to accept and file the return.

Form 990, Part VI, Section C, Line 19

The 990 and conflict of interest policy are available upon written request to the school. The audited financial statements are posted on the schools website.

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

Each director, principal officer and committee member with governing board delegated powers annually sign a statement which affirms such person has received a copy of the policy, had read and understands it and has agreed to comply with it.

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

The school has a Board Appointed Compensation Committee that reviews and determines employee salaries and benefits. Per Section 5.3dii of the Schools Bylaws, no Faculty Board Member may participate in the final deliberations or determinations of compensation. The school uses a Board-approved salary schedule.

Filing and Contact Details

Filer

EIN
46-4083631
Phone
7205613600

Signing Officer

Name
Andrea Foote
Title
Treasurer
Signed
2015-04-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John McCluskey
Formed
2013
Legal Domicile
Co
Voting Board Members
12
Independent Board Members
6
Employees
0
Volunteers
250

Preparer

Preparer
Sarah Gutierrez CPA
Phone
3033593681
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 1A

Pursuant to a Purchased Services Agreement with Boulder Valley School District, employees are paid by the District. Boulder Valley School District issues the W-2s.

Form 990, Part V, Line 2A

Pursuant to a Purchased Services Agreement with Boulder Valley School District, vendors are paid by the District. Boulder Valley School District issues all required 1099s.

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IRS990/Desc0Horizons K-8 School has, once again, been awarded the Governors Distinguished Improvement Award which is given to schools that demonstrate exceptional student growth. For two years in a row, the State of Colorado, on its school performance framework, determinted that Horizons exceeded expectations in longitudinal academic growth, academic growth gaps and academic achievement over three years. Horizons received the John Irwin award for demonstrated academic achievement.
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0186430
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0210642
IRS990/OtherExpensesGrp/Desc0Services purchased from school district
IRS990/OtherExpensesGrp/Desc1Program supplies and equipment
IRS990/OtherExpensesGrp/Desc2Program expenses
IRS990/OtherExpensesGrp/Desc3Fundraising expenses
IRS990/OtherExpensesGrp/FundraisingAmt0133310
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0143455
IRS990/OtherExpensesGrp/ProgramServicesAmt0475578
IRS990/OtherExpensesGrp/ProgramServicesAmt147385
IRS990/OtherExpensesGrp/ProgramServicesAmt2145523
IRS990/OtherExpensesGrp/TotalAmt0619033
IRS990/OtherExpensesGrp/TotalAmt147385
IRS990/OtherExpensesGrp/TotalAmt2145523
IRS990/OtherExpensesGrp/TotalAmt3133310
IRS990/OtherRevenueTotalAmt013246
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0216135
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01290429
IRS990/OtherSalariesAndWagesGrp/TotalAmt01506564
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03013
IRS990/PayrollTaxesGrp/ProgramServicesAmt021073
IRS990/PayrollTaxesGrp/TotalAmt024086
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt035478
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0248263
IRS990/PensionPlanContributionsGrp/TotalAmt0283741
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt031319
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0John McCluskey
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Per pupil revenue
IRS990/ProgramServiceRevenueGrp/Desc1Mill Levy funding
IRS990/ProgramServiceRevenueGrp/Desc2Charges for services
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02196410
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1739870
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2197459
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02196410
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1739870
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2197459
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0179632
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03583171
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt076144
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012809
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt088953
IRS990ScheduleD/ExpensesSubtotalAmt03403539
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt03583171
IRS990ScheduleD/TotalBookValueLandBuildingsAmt076144
IRS990ScheduleD/TotalExpensesPerForm990Amt03403539
IRS990ScheduleD/TotalRevenuePerForm990Amt03583171
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03583171
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03403539
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school is a public charter school. Students attend free of charge. No financial assistance is needed.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1This Rev. Proc. pertains to private schools and does not apply to Horizons K-8.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2Public school funding received from Federal and State governments.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc04b and 5d
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc17
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc26a
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt018977
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10Boulder Valley School District
IRS990ScheduleI/RecipientTable/USAddress/AddressLine106500 Arapahoe Rd
IRS990ScheduleI/RecipientTable/USAddress/City0Boulder
IRS990ScheduleI/RecipientTable/USAddress/State0CO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode080303
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is first reviewed by the Finance Review Committee. It is then distributed to members of the Board and they vote to accept and file the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 and conflict of interest policy are available upon written request to the school. The audited financial statements are posted on the schools website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each director, principal officer and committee member with governing board delegated powers annually sign a statement which affirms such person has received a copy of the policy, had read and understands it and has agreed to comply with it.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The school has a Board Appointed Compensation Committee that reviews and determines employee salaries and benefits. Per Section 5.3dii of the Schools Bylaws, no Faculty Board Member may participate in the final deliberations or determinations of compensation. The school uses a Board-approved salary schedule.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Pursuant to a Purchased Services Agreement with Boulder Valley School District, employees are paid by the District. Boulder Valley School District issues the W-2s.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Pursuant to a Purchased Services Agreement with Boulder Valley School District, vendors are paid by the District. Boulder Valley School District issues all required 1099s.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part V, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part V, Line 2a
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CO
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0105488
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt097769
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0739270
IRS990/TotalAssetsEOYAmt01057693
IRS990/TotalAssetsGrp/BOYAmt0739270
IRS990/TotalAssetsGrp/EOYAmt01057693
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0436186
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0143878
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0489435
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02770226
IRS990/TotalFunctionalExpensesGrp/TotalAmt03403539
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0186088
IRS990/TotalLiabilitiesEOYAmt0234371
IRS990/TotalLiabilitiesGrp/BOYAmt0186088
IRS990/TotalLiabilitiesGrp/EOYAmt0234371
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0553182
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0823322

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