Civic Intelligence

Mountain Foundation for Education

990 • Fiscal year 2022 • EIN 47-2584611

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 09, 2023

Organization ProfileN/A
108 West 31stDurango, CO 81301

(970) 828-5610

Siviq Scores

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

Liabilities / Assets

75th percentile

0.40x

Higher debt load relative to assets than 75% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

84th percentile

1.03x

Higher debt load relative to revenue than 84% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

98th percentile

93%

Higher net margin than 98% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

96th percentile

117%

Faster asset growth than 96% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

98th percentile

382%

Faster revenue growth than 98% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$6,588,740

Up $3,549,695 (+117%) from 2021

Net Assets

Up

$3,924,399

Up $2,404,626 (+158%) from 2021

Liabilities

Up

$2,664,341

Up $1,145,069 (+75%) from 2021

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin98th percentile

Revenue

Up

$2,574,577

Up $2,040,739 (+382%) from 2021

Expenses

Up

$169,951

Up $24,373 (+17%) from 2021

Net Income

Up

$2,404,626

Up $2,016,366 (+519%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $171,690Liabilities 2015: $400Net Assets 2015: $171,2902015Assets 2016: $1,020,273Liabilities 2016: $157,664Net Assets 2016: $862,6092016Assets 2017: $2,724,428Liabilities 2017: $1,792,788Net Assets 2017: $931,6402017Assets 2018: $2,667,015Liabilities 2018: $1,754,117Net Assets 2018: $912,8982018Assets 2019: $2,616,255Liabilities 2019: $1,628,264Net Assets 2019: $987,9912019Assets 2020: $2,667,079Liabilities 2020: $1,535,566Net Assets 2020: $1,131,5132020Assets 2021: $3,039,045Liabilities 2021: $1,519,272Net Assets 2021: $1,519,7732021Assets 2022: $6,588,740Liabilities 2022: $2,664,341Net Assets 2022: $3,924,3992022Assets 2023: $6,880,978Liabilities 2023: $2,956,487Net Assets 2023: $3,924,4912023Assets 2024: $6,798,668Liabilities 2024: $2,856,607Net Assets 2024: $3,942,0612024Assets 2025: $7,533,871Liabilities 2025: $3,308,676Net Assets 2025: $4,225,1952025

Highlighted filing

2022

Assets$6,588,740
Liabilities$2,664,341
Net Assets$3,924,399
Open 2022 Filing

Operations Trend

Revenue Growth98th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $179,214Expenses 2015: $7,924Net Income 2015: $171,2902015Revenue 2016: $702,392Expenses 2016: $11,073Net Income 2016: $691,3192016Revenue 2017: $258,340Expenses 2017: $189,309Net Income 2017: $69,0312017Revenue 2018: $130,495Expenses 2018: $149,237Net Income 2018: -$18,7422018Revenue 2019: $214,121Expenses 2019: $139,028Net Income 2019: $75,0932019Revenue 2020: $295,986Expenses 2020: $152,464Net Income 2020: $143,5222020Revenue 2021: $533,838Expenses 2021: $145,578Net Income 2021: $388,2602021Revenue 2022: $2,574,577Expenses 2022: $169,951Net Income 2022: $2,404,6262022Revenue 2023: $305,395Expenses 2023: $305,303Net Income 2023: $922023Revenue 2024: $351,000Expenses 2024: $333,430Net Income 2024: $17,5702024Revenue 2025: $645,257Expenses 2025: $362,123Net Income 2025: $283,1342025

Highlighted filing

2022

Revenue$2,574,577
Expenses$169,951
Net Income$2,404,626
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 9, 2023
Return Version
2021v4.0
Gross Receipts
$2,574,577
Mission and Program Overview

Mission

The organization's mission is to acquire and hold the school for mountain middle school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,632,440$2,634,617▲ $2,177
Prepaid Expenses and Deferred Charges$9,702$2,219▼ $7,483
Cash and Non-Interest-Bearing Accounts$10,012$1,377▼ $8,635
Total Assets$3,039,045$6,588,740▲ $3,549,695
Other Assets Total$386,891$3,950,527▲ $3,563,636
Liabilities
Other Liabilities$1,501,179$2,664,341▲ $1,163,162
Deferred Revenue$16,459--
Accounts Payable and Accrued Expenses$1,634--
Total Liabilities$1,519,272$2,664,341▲ $1,145,069
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,519,773$3,924,399▲ $2,404,626
Total Net Assets Fund Balance$1,519,773$3,924,399▲ $2,404,626
Total Liabilities and Net Assets / Fund Balance$3,039,045$6,588,740▲ $3,549,695

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,048,720$311,367$2,360,087
Land$561,231-$561,231
Other Land Buildings$24,666$12,023$36,689
Other Assets Org$3,950,527--
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Jason SilvaPresident
Shane VossMember
Erin PatlaTreasurer/se
Matt AupperleVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,502,577
Program Service Revenue
$72,000
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,502,577
Change in Net Assets
$2,404,626

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,574,577
Total Revenue per Audited Statements
$2,574,577
Total Revenue per Form 990
$2,574,577
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$169,951
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$80,800--$80,800
Depreciation Depletion$62,701--$62,701
Fees for Services Other-$12,149-$12,149
Insurance$5,547$2,528-$8,075
Other Expenses$5,626--$5,626
Fees for Services Accounting-$600-$600
Total Functional Expenses$154,674$15,277$0$169,951

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$169,951
Total Expenses per Audited Statements$169,951
Total Expenses per Form 990$169,951
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Shane VossMms HosMfe Recd Contr Fr MmNo$2,502,577
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Alpine Bank Construction Loan$2,664,341
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
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
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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 is provided to the board of directors for review and approval prior to filing with the irs.”

Form 990, Page 6, Part VI, Line 12C

“The organization reviews the conflict of interest policy annual with the board of directors.”

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Mountain Foundation for Education
EIN
47-2584611
Phone
9708285610
Address
108 WEST 31ST, DURANGO, CO 81301

Signing Officer

Name
Jason Silva
Title
President
Phone
9708285610
Signed
2023-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Silva
Formed
2015
Legal Domicile
Co
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
3

Preparer

Firm
May Jackson Hendrick LLC
Address
18801 E MAINSTREET STE 240, PARKER, CO 80134-3445
Preparer
Lori K Hendrick
Phone
3038414220
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

“2020-2021 accomplishments - secured a contract with durango 9r to achieve a 2.5m share of the durango community bond proceeds for facilities expansion to accommodate mountain middle school's strategic growth goals, secured 3m loan to be used to refinance the existing 1.5m construction loan balance and provide a new 1.5m construction loan to grow the school facilities with an additional 10,000 sq foot addition to support strategic growth for mountain middle school, and empowered mountain middle school board to contractually engage architect and contractors for the construction project. 2021-2022 goals - support mountain middle school board to see construction completed by july 2022. Depending on budget this may include improvements to and the addition of a fire suppression system to the existing 1950 and 2016 buildings on the property. Anticipate continuing improvements on aging sections of the building and grounds.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REVIEWS THE CONFLICT OF INTEREST POLICY ANNUAL WITH THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
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ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,588,740
Liabilities
$2,664,341
Net assets
$3,924,399
Revenue
$2,574,577
Expenses
$169,951
Net income
$2,404,626
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.53$3.31$4.23$0.65$0.36$0.28
2024Detailed filing. Detailed filing data is available for this year.$6.80$2.86$3.94$0.35$0.33$0.02
2023Detailed filing. Detailed filing data is available for this year.$6.88$2.96$3.92$0.31$0.31$0.00
2022Detailed filing. Detailed filing data is available for this year.$6.59$2.66$3.92$2.57$0.17$2.40
2021Detailed filing. Detailed filing data is available for this year.$3.04$1.52$1.52$0.53$0.15$0.39
2020Detailed filing. Detailed filing data is available for this year.$2.67$1.54$1.13$0.30$0.15$0.14
2019Detailed filing. Detailed filing data is available for this year.$2.62$1.63$0.99$0.21$0.14$0.08
2018Detailed filing. Detailed filing data is available for this year.$2.67$1.75$0.91$0.13$0.15$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.72$1.79$0.93$0.26$0.19$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.02$0.16$0.86$0.70$0.01$0.69
2015Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.18$0.01$0.17