Civic Intelligence

Vertical Skills Academy

990 • Fiscal year 2023 • EIN 46-5281578

Jul 01, 2022 to Jun 30, 2023 • Filed on May 08, 2024

32156 Castle CourtEvergreen, CO 80439

(303) 562-1900

Siviq Scores

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

Liabilities / Assets

58th percentile

0.04x

Higher debt load relative to assets than 58% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

51st percentile

0.02x

Higher debt load relative to revenue than 51% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

63rd percentile

12%

Higher net margin than 63% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

72nd percentile

16%

Faster asset growth than 72% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

73rd percentile

32%

Faster revenue growth than 73% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$429,287

Up $59,883 (+16%) from 2022

Net Assets

Up

$411,909

Up $95,370 (+30%) from 2022

Liabilities

Down

$17,378

Down $35,487 (-67%) from 2022

Revenue

Up

$797,978

Up $192,336 (+32%) from 2022

Expenses

Up

$702,513

Up $178,771 (+34%) from 2022

Net Income

Up

$95,465

Up $13,565 (+17%) from 2022

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2015: $49,645Liabilities 2015: $2,093Net Assets 2015: $47,5522015Assets 2016: $107,664Liabilities 2016: $0Net Assets 2016: $107,6642016Assets 2017: $45,253Liabilities 2017: $9,351Net Assets 2017: $35,9022017Assets 2018: $47,023Liabilities 2018: $4,033Net Assets 2018: $42,9902018Assets 2019: $94,208Liabilities 2019: $2,086Net Assets 2019: $92,1222019Assets 2020: $208,452Liabilities 2020: $74,211Net Assets 2020: $134,2412020Assets 2021: $317,088Liabilities 2021: $82,449Net Assets 2021: $234,6392021Assets 2022: $369,404Liabilities 2022: $52,865Net Assets 2022: $316,5392022Assets 2023: $429,287Liabilities 2023: $17,378Net Assets 2023: $411,9092023Assets 2024: $476,175Liabilities 2024: $34,490Net Assets 2024: $441,6852024Assets 2025: $610,791Liabilities 2025: $39,025Net Assets 2025: $571,7662025

Highlighted filing

2023

Assets$429,287
Liabilities$17,378
Net Assets$411,909

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2015: $198,214Expenses 2015: $150,662Net Income 2015: $47,5522015Revenue 2016: $513,089Expenses 2016: $452,977Net Income 2016: $60,1122016Revenue 2017: $607,636Expenses 2017: $679,398Net Income 2017: -$71,7622017Revenue 2018: $559,585Expenses 2018: $544,646Net Income 2018: $14,9392018Revenue 2019: $416,001Expenses 2019: $366,869Net Income 2019: $49,1322019Revenue 2020: $511,660Expenses 2020: $450,590Net Income 2020: $61,0702020Revenue 2021: $553,354Expenses 2021: $452,956Net Income 2021: $100,3982021Revenue 2022: $605,642Expenses 2022: $523,742Net Income 2022: $81,9002022Revenue 2023: $797,978Expenses 2023: $702,513Net Income 2023: $95,4652023Revenue 2024: $783,162Expenses 2024: $753,386Net Income 2024: $29,7762024Revenue 2025: $918,453Expenses 2025: $788,343Net Income 2025: $130,1102025

Highlighted filing

2023

Revenue$797,978
Expenses$702,513
Net Income$95,465
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 8, 2024
Return Version
2022v5.0
Gross Receipts
$797,978
Mission and Program Overview

Mission

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$352,945$385,685▲ $32,740
Savings and Temporary Cash Investments$14,299$32,411▲ $18,112
Accounts Receivable-$2,600-
Land, Buildings, and Equipment, Net$660$2,299▲ $1,639
Prepaid Expenses and Deferred Charges$1,500$1,500→ $0
Total Assets$369,404$429,287▲ $59,883
Other Assets Total-$4,792-
Liabilities
Other Liabilities$52,865$15,548▼ $37,317
Accounts Payable and Accrued Expenses-$1,830-
Total Liabilities$52,865$17,378▼ $35,487
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$316,539$411,909▲ $95,370
Total Net Assets Fund Balance$316,539$411,909▲ $95,370
Total Liabilities and Net Assets / Fund Balance$369,404$429,287▲ $59,883

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,299$29,875-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Christina GriggsPresident
Becky KalahikiVice President
Brian WolffMember At Large
Marnie SteffeMember At Large
Mandy HarrisSecretary
Jeanne GoddaireTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$75,056
Program Service Revenue
$722,919
Investment Income
$3
Other Revenue
$0
All Other Contributions
$61,418
Change in Net Assets
$95,465
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$529,945
Other Expenses$172,568
Total Fundraising Expense$1,620
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$424,656$51,465$0$476,121
Occupancy$88,707$0$0$88,707
Payroll Taxes$33,934$4,194$0$38,128
All Other Expenses$14,507$4,231$1,620$20,358
Fees for Services Management$0$16,449$0$16,449
Other Employee Benefits$13,969$1,727$0$15,696
Information Technology$9,181$0$0$9,181
Depreciation Depletion$6,593$2,198$0$8,791
Advertising$4,490$0$0$4,490
Insurance$2,271$125$0$2,396
Fees for Services Accounting$0$809$0$809
Other Expenses$671$0$0$671
Total Functional Expenses$619,695$81,198$1,620$702,513
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
Accrued wages$8,078
Payroll liabilities$7,070
Prior year expenses$400
Prepaid tuition$0
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
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
Filing and Contact Details

Filer

Filer Name
Vertical Skills Academy
EIN
46-5281578
Phone
3035621900
Address
32156 Castle Court, Evergreen, CO 80439

Signing Officer

Name
Christina Griggs
Title
President
Phone
3035621900
Signed
2024-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christina Griggs
Formed
2016
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
12
Volunteers
10

Preparer

Firm
Scripps Taylor & Associates Pc
Address
1202 BERGEN PKWY STE 208, EVERGREEN, CO 80439
Preparer
Cathy Taylor CPA
Phone
3036708930
Supplemental Narrative

Additional Explanations

Other

Part 1, Line 1 - Organization Mission or Significant Activities: The Organization is a private, nonprofit full day school for students in first-eighth grade, diagnosed with language based learning disabilities, such as dyslexia. We provide a specialized educational learning environment where students' strengths, needs and interests guide individualized learning plans that foster literacy and academic growth.

Pt VI, Line 11B

No review was or will be conducted.

Pt XI

Section 481(b) adjustment

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IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Part 1, Line 1 - Organization Mission or Significant Activities: The Organization is a private, nonprofit full day school for students in first-eighth grade, diagnosed with language based learning disabilities, such as dyslexia. We provide a specialized educational learning environment where students' strengths, needs and interests guide individualized learning plans that foster literacy and academic growth.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Section 481(b) adjustment
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XI
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IRS990/USAddress/AddressLine1Txt032156 Castle Court 201
IRS990/USAddress/CityNm0Evergreen
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IRS990/USAddress/ZIPCd080439
IRS990/VotingMembersGoverningBodyCnt06
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Christina Griggs
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03035621900
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Vertical Skills Academy
ReturnHeader/Filer/BusinessNameControlTxt0VERT
ReturnHeader/Filer/EIN0465281578
ReturnHeader/Filer/PhoneNum03035621900
ReturnHeader/Filer/USAddress/AddressLine1Txt032156 Castle Court
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0841212803
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCRIPPS TAYLOR & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01202 BERGEN PKWY STE 208
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EVERGREEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080439
ReturnHeader/PreparerPersonGrp/PhoneNum03036708930
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Cathy Taylor CPA

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