Civic Intelligence

Vega Collegiate Academy

990 • Fiscal year 2021 • EIN 47-2103502

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 25, 2022

Organization Profilewww.vegacollegiateacademy.org
1400 Yosemite StreetAurora, CO 80220

(303) 828-6217

Siviq Scores

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

Liabilities / Assets

95th percentile

1.09x

Higher debt load relative to assets than 95% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

3.85x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

19th percentile

-1.2%

Higher net margin than 19% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

26th percentile

$108,370

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

99th percentile

446%

Faster asset growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

79th percentile

48%

Faster revenue growth than 79% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$18,946,166

Up $15,474,579 (+446%) from 2020

Net Assets

Down

-$1,730,542

Down $63,980 (-3.8%) from 2020

Liabilities

Up

$20,676,708

Up $15,538,559 (+302%) from 2020

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin19th percentile

Revenue

Up

$5,371,641

Up $1,740,526 (+48%) from 2020

Expenses

Up

$5,435,621

Up $1,837,288 (+51%) from 2020

Net Income

Down

-$63,980

Down $96,762 (-295%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$30M$20M$10M$0-$10MAssets 2017: $386,492Liabilities 2017: $256,369Net Assets 2017: $130,1232017Assets 2018: $3,320,155Liabilities 2018: $4,189,563Net Assets 2018: -$869,4082018Assets 2020: $3,471,587Liabilities 2020: $5,138,149Net Assets 2020: -$1,666,5622020Assets 2021: $18,946,166Liabilities 2021: $20,676,708Net Assets 2021: -$1,730,5422021Assets 2022: $19,926,583Liabilities 2022: $22,039,749Net Assets 2022: -$2,113,1662022Assets 2023: $21,093,608Liabilities 2023: $24,612,537Net Assets 2023: -$3,518,9292023Assets 2024: $20,694,921Liabilities 2024: $25,600,972Net Assets 2024: -$4,906,0512024

Highlighted filing

2021

Assets$18,946,166
Liabilities$20,676,708
Net Assets-$1,730,542
Open 2021 Filing

Operations Trend

Revenue Growth79th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2017: $184,836Expenses 2017: $278,411Net Income 2017: -$93,5752017Revenue 2018: $1,462,581Expenses 2018: $2,494,716Net Income 2018: -$1,032,1352018Revenue 2020: $3,631,115Expenses 2020: $3,598,333Net Income 2020: $32,7822020Revenue 2021: $5,371,641Expenses 2021: $5,435,621Net Income 2021: -$63,9802021Revenue 2022: $8,443,166Expenses 2022: $8,825,790Net Income 2022: -$382,6242022Revenue 2023: $10,421,044Expenses 2023: $11,826,807Net Income 2023: -$1,405,7632023Revenue 2024: $10,250,324Expenses 2024: $11,637,446Net Income 2024: -$1,387,1222024

Highlighted filing

2021

Revenue$5,371,641
Expenses$5,435,621
Net Income-$63,980
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 25, 2022
Return Version
2020v4.2
Gross Receipts
$5,371,641
Mission and Program Overview

Mission

Vega Collegiate Academy is designed with an extended school day and a slightly longer school year focusing on developing strong skills in literacy and math. It executes an academically rigorous curriculum aligned with common core standards where support is immediately provided to students needing assistance acceleration or who have individual learning needs.

See Schedule O.Designed with an extended school day and a slightly longer school year, and with a focus on developing strong skills in literacy and math, Vega Collegiate Academy Charter School executes an academically rigorous curriculum that pushes students to engage deeply with text and to think critically about their learning in every content area. Every instructional minute, students work to master ambitious, Common Core aligned standards. Every assessment is informed by rigorous national and state standards and well-respected national reading requirements. Support is immediately provided to students who demonstrate the need for additional assistance, further acceleration, or have individual learning needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,530$8,901,303▲ $8,896,773
Savings and Temporary Cash Investments$0$3,681,731▲ $3,681,731
Cash and Non-Interest-Bearing Accounts$1,385,938$2,235,622▲ $849,684
Pledges and Grants Receivable$163,053$255,165▲ $92,112
Accounts Receivable$62,083$0▼ $62,083
Prepaid Expenses and Deferred Charges$9,473$11,085▲ $1,612
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-1,666,562$-1,730,542▼ $63,980
Total Assets$3,471,587$18,946,166▲ $15,474,579
Other Assets Total$1,846,510$3,861,260▲ $2,014,750
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$13,855,288▲ $13,855,288
Other Liabilities$4,691,876$6,327,906▲ $1,636,030
Accounts Payable and Accrued Expenses$91,566$493,514▲ $401,948
Unsecured Notes Loans Payable$326,600$0▼ $326,600
Deferred Revenue$28,107$0▼ $28,107
Total Liabilities$5,138,149$20,676,708▲ $15,538,559
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,666,562$-1,730,542▼ $63,980
Total Liabilities and Net Assets / Fund Balance$3,471,587$18,946,166▲ $15,474,579

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,849,597-$8,849,597
Leasehold Improvements$35,688$76,512$112,200
Equipment$16,018$9,301$25,319
Other Assets Org$83,510--
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathryn MullinsExecutive DirectorFT$99,082$9,288$108,370

Board Members and Trustees

NameTitle
Mark MarshallChairman
Miguel LovatoVice-Chairman
Audrey SevaitDirector
John BalesDirector
Pamela SmithDirector
Susan CaputoDirector
Taryn TongDirector
Victor AmayaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,369,872
Program Service Revenue
$3,622,429
Investment Income
$619
Other Revenue
$378,721
All Other Contributions
$86,838
Change in Net Assets
$-63,980

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,992,920
Revenue Not Reported on Financial Statements
$378,721
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$378,721
Total Revenue per Audited Statements
$4,992,920
Total Revenue per Form 990
$5,371,641
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,102,138
Salaries, Compensation, and Employee Benefits$2,333,483
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$994,026$712,564-$1,706,590
Fees for Services Other$252,130$684,575-$936,705
Pension Plan Contributions$207,139$160,066-$367,205
Interest-$246,996-$246,996
Occupancy-$157,276-$157,276
Current Officers, Directors, Trustees, and Key Employees-$109,288-$109,288
Other Employee Benefits$60,243$41,130-$101,373
Other Expenses$81$95,238-$95,319
Travel$2,120$64,496-$66,616
Payroll Taxes$14,346$34,681-$49,027
Advertising-$46,808-$46,808
Information Technology$22,500$22,497-$44,997
Fees for Services Legal-$28,411-$28,411
Insurance-$9,181-$9,181
Fees for Services Accounting-$6,700-$6,700
Depreciation Depletion-$5,064-$5,064
Total Functional Expenses$1,803,346$3,632,275$0$5,435,621

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,435,621
Expenses per Audited Statements$5,056,900
Total Expenses per Audited Statements$5,056,900
Expenses Not Reported on Financial Statements$378,721
Other Expense Adjustments$378,721
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$4,444,426
Deferred Inflows - Pension$1,725,382
Net OPEB Liability$119,589
Deferred Inflows - OPEB$38,509
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Line 11b Explanation - A draft of Form 990 and supporting schedules will be submitted to the Board for review prior to filing.”

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

“New board members are required to sign a conflict of interest policy and each year the Board reviews the policy and asks if there are any ongoing conflicts. Each board member is required to disclose any conflicts before voting which may be affected by a conflict. Conflicted members are expected to recuse themselves from votes pertaining to the matter that the member has a conflict with.”

Form 990, Part VI, Section B, line 15

“The Board of Directors performed a salary analysis of similar schools in the same district and compensation was set according to the review.”

Form 990, Part VI, Section C, line 18

“The governing documents, conflicts of interest policy, and financial statements are available at the School office and on the School's website under "Financial Transparency."”

Form 990, Part VI, Section C, line 19

“The governing documents, conflicts of interest policy, and financial statements are available at the School office and on the School's website under "Financial Transparency."”

Filing and Contact Details

Filer

Filer Name
Vega Collegiate Academy
EIN
47-2103502
Phone
3038286217
Address
1400 Yosemite Street, Aurora, CO 80220

Signing Officer

Name
Kathryn Mullins
Title
Executive Director
Phone
3038286217
Signed
2022-03-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathryn Mullins
Formed
2014
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
51
Volunteers
0

Preparer

Firm
Hinkle & Company PC
Address
750 West Hampden Avenue Suite 400, Englewood, CO 80110
Preparer
James D Hinkle
Phone
3037961000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Other Purchased Services: Program service expenses 252,130. Management and general expenses 684,575. Fundraising expenses 0. Total expenses 936,705.”

Form 990, Part XII, Line 2C

“This process of a committee overseeing the audit and assuming responsibility has not changed from the prior year.”

Financial Statement Notes

Part XI, Line 4B - Other Adjustments:

“Pension Accrual Adjustments 378,721.”

Part XII, Line 4B - Other Adjustments:

“Pension Accrual Adjustments 378,721.”

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IRS990/MissionDesc0See Schedule ODesigned with an extended school day and a slightly longer school year, and with a focus on developing strong skills in literacy and math, Vega Collegiate Academy Charter School executes an academically rigorous curriculum that pushes students to engage deeply with text and to think critically about their learning in every content area. Every instructional minute, students work to master ambitious, Common Core aligned standards. Every assessment is informed by rigorous national and state standards and well-respected national reading requirements. Support is immediately provided to students who demonstrate the need for additional assistance, further acceleration, or have individual learning needs.
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IRS990/OtherExpensesGrp/Desc1Supplies
IRS990/OtherExpensesGrp/Desc2Non-Capitalized Equipme
IRS990/OtherExpensesGrp/Desc3Other Expenses
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01044079
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt189223
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt274002
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt395238
IRS990/OtherExpensesGrp/ProgramServicesAmt0174230
IRS990/OtherExpensesGrp/ProgramServicesAmt176531
IRS990/OtherExpensesGrp/ProgramServicesAmt281
IRS990/OtherExpensesGrp/TotalAmt01044079
IRS990/OtherExpensesGrp/TotalAmt1263453
IRS990/OtherExpensesGrp/TotalAmt2150533
IRS990/OtherExpensesGrp/TotalAmt395319
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt04691876
IRS990/OtherLiabilitiesGrp/EOYAmt06327906
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Pension Accrual Adjust
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0378721
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0378721
IRS990/OtherRevenueTotalAmt0378721
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0712564
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0994026
IRS990/OtherSalariesAndWagesGrp/TotalAmt01706590
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt034681
IRS990/PayrollTaxesGrp/ProgramServicesAmt014346
IRS990/PayrollTaxesGrp/TotalAmt049027
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0160066
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0207139
IRS990/PensionPlanContributionsGrp/TotalAmt0367205
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0163053
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0255165
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09473
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011085
IRS990/PrincipalOfficerNm0Kathryn Mullins
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0Per Pupil Revenue
IRS990/ProgramServiceRevenueGrp/Desc1District Mill Levy
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02755616
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1866813
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02755616
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1866813
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0883319
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0593
IRS990/PYOtherExpensesAmt01926660
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02747203
IRS990/PYRevenuesLessExpensesAmt032782
IRS990/PYSalariesCompEmpBnftPaidAmt01671673
IRS990/PYTotalExpensesAmt03598333
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03631115
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-63980
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04001150
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-1666562
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-1730542
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03681731
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt08849597
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08849597
IRS990ScheduleD/EquipmentGrp/BookValueAmt016018
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09301
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025319
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0378721
IRS990ScheduleD/ExpensesSubtotalAmt05056900
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt035688
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt076512
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0112200
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04167
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt150594
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt23722989
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt383510
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Reserves Held by District
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Deferred Outflows - Pensions
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Deferred Outflows - OPEB
IRS990ScheduleD/OtherExpensesNotIncludedAmt0378721
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04444426
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1119589
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21725382
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt338509
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred Inflows - Pension
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred Inflows - OPEB
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0378721
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0378721
IRS990ScheduleD/RevenueSubtotalAmt04992920
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Pension Accrual Adjustments 378,721.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Pension Accrual Adjustments 378,721.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08901303
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03861260
IRS990ScheduleD/TotalExpensesPerForm990Amt05435621
IRS990ScheduleD/TotalLiabilityAmt06327906
IRS990ScheduleD/TotalRevenuePerForm990Amt05371641
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04992920
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05056900
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 School receives financial assistance from the U.S. Department of Education, Colorado Department of Education and local sources which is used to support the School's mission and in accordance with federal, state and local regulations.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Line 11b Explanation - A draft of Form 990 and supporting schedules will be submitted to the Board for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1New board members are required to sign a conflict of interest policy and each year the Board reviews the policy and asks if there are any ongoing conflicts. Each board member is required to disclose any conflicts before voting which may be affected by a conflict. Conflicted members are expected to recuse themselves from votes pertaining to the matter that the member has a conflict with.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors performed a salary analysis of similar schools in the same district and compensation was set according to the review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The governing documents, conflicts of interest policy, and financial statements are available at the School office and on the School's website under "Financial Transparency."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The governing documents, conflicts of interest policy, and financial statements are available at the School office and on the School's website under "Financial Transparency."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Other Purchased Services: Program service expenses 252,130. Management and general expenses 684,575. Fundraising expenses 0. Total expenses 936,705.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6This process of a committee overseeing the audit and assuming responsibility has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2c
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03471587
IRS990/TotalAssetsEOYAmt018946166
IRS990/TotalAssetsGrp/BOYAmt03471587
IRS990/TotalAssetsGrp/EOYAmt018946166

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Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$18,946,166
Liabilities
$20,676,708
Net assets
-$1,730,542
Revenue
$5,371,641
Expenses
$5,435,621
Net income
-$63,980
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.7$25.6$4.91$10.3$11.6$1.39
2023Detailed filing. Detailed filing data is available for this year.$21.1$24.6$3.52$10.4$11.8$1.41
2022Detailed filing. Detailed filing data is available for this year.$19.9$22.0$2.11$8.44$8.83$0.38
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.9$20.7$1.73$5.37$5.44$0.06
2020Detailed filing. Detailed filing data is available for this year.$3.47$5.14$1.67$3.63$3.60$0.03
2018Detailed filing. Detailed filing data is available for this year.$3.32$4.19$0.87$1.46$2.49$1.03
2017Detailed filing. Detailed filing data is available for this year.$0.39$0.26$0.13$0.18$0.28$0.09