Civic Intelligence

Monument Academy Foundation

990 • Fiscal year 2021 • EIN 51-0506848

Jul 01, 2020 to Jun 30, 2021 • Filed on May 06, 2022

Organization ProfileWWW.MONUMENTACADEMY.NET
1150 Village Ridge PointMonument, CO 80132

(719) 481-1950

Siviq Scores

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

Liabilities / Assets

96th percentile

1.17x

Higher debt load relative to assets than 96% of similar nonprofits.

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

Liabilities / Revenue

100th percentile

5802.77x

Higher debt load relative to revenue than 100% of similar nonprofits.

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

Net Margin

1st percentile

-51117%

Higher net margin than 1% of similar nonprofits.

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

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

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

Asset Growth

4th percentile

-16%

Faster asset growth than 4% of similar nonprofits.

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

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$24,639,439

Down $4,838,159 (-16%) from 2020

Net Assets

Down

-$4,310,561

Down $2,550,236 (-145%) from 2020

Liabilities

Down

$28,950,000

Down $2,287,923 (-7.3%) from 2020

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$4,989

Down $328,844 (-99%) from 2020

Expenses

Up

$2,555,225

Up $459,309 (+22%) from 2020

Net Income

Down

-$2,550,236

Down $788,153 (-45%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$40M$30M$20M$10M$0-$10MAssets 2012: $7,645Liabilities 2012: $02012Assets 2013: $7,768Liabilities 2013: $02013Assets 2014: $7,765Liabilities 2014: $02014Assets 2015: $1,767Liabilities 2015: $02015Assets 2016: $1,770Liabilities 2016: $02016Assets 2017: $1,772Liabilities 2017: $02017Assets 2018: $1,773Liabilities 2018: $02018Assets 2019: $118,574Liabilities 2019: $116,816Net Assets 2019: $1,7582019Assets 2020: $29,477,598Liabilities 2020: $31,237,923Net Assets 2020: -$1,760,3252020Assets 2021: $24,639,439Liabilities 2021: $28,950,000Net Assets 2021: -$4,310,5612021Assets 2022: $23,372,961Liabilities 2022: $28,950,000Net Assets 2022: -$5,577,0392022Assets 2023: $22,781,364Liabilities 2023: $28,689,042Net Assets 2023: -$5,907,6782023Assets 2024: $22,252,981Liabilities 2024: $28,282,354Net Assets 2024: -$6,029,3732024

Highlighted filing

2021

Assets$24,639,439
Liabilities$28,950,000
Net Assets-$4,310,561
Open 2021 Filing

Operations Trend

Revenue Growth1st percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2012: $0Expenses 2012: $1,100Net Income 2012: -$1,1002012Revenue 2013: $398Expenses 2013: $275Net Income 2013: $1232013Revenue 2014: $7Expenses 2014: $10Net Income 2014: -$32014Revenue 2015: $2Expenses 2015: $6,000Net Income 2015: -$5,9982015Revenue 2016: $3Expenses 2016: $0Net Income 2016: $32016Revenue 2017: $2Expenses 2017: $0Net Income 2017: $22017Revenue 2018: $2Expenses 2018: $2Net Income 2018: $02018Expenses 2019: $152019Revenue 2020: $333,833Expenses 2020: $2,095,916Net Income 2020: -$1,762,0832020Revenue 2021: $4,989Expenses 2021: $2,555,225Net Income 2021: -$2,550,2362021Revenue 2022: $728,565Expenses 2022: $1,995,043Net Income 2022: -$1,266,4782022Revenue 2023: $1,888,855Expenses 2023: $2,219,494Net Income 2023: -$330,6392023Revenue 2024: $1,912,792Expenses 2024: $2,034,487Net Income 2024: -$121,6952024

Highlighted filing

2021

Revenue$4,989
Expenses$2,555,225
Net Income-$2,550,236
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 6, 2022
Return Version
2020v4.2
Gross Receipts
$4,989
Mission and Program Overview

Mission

See Schedule OThe Corporation is organized and shall be operated exclusively for educational and charitable purposes within the meaning of section 501 (c)(3) of the Internal Revenue Service Code, and specifically for the purpose of leasing or holding title to real and/or personal property.

Provide financial support for the day to day operations of monument academy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$20,285,164$22,735,578▲ $2,450,414
Savings and Temporary Cash Investments$9,190,676$1,902,101▼ $7,288,575
Rtn Earn Endowment Incm Other Fnds$3,344,439$1,895,616▼ $1,448,823
Pd in Cap Srpls Land Bldg Eqp Fund$3,558,314$6,485▼ $3,551,829
Cash and Non-Interest-Bearing Accounts$1,758$1,760▲ $2
Cap Stk Tr Prin Current Funds$-8,663,078$-6,212,662▲ $2,450,416
Total Assets$29,477,598$24,639,439▼ $4,838,159
Liabilities
Tax Exempt Bond Liabilities$28,950,000$28,950,000→ $0
Accounts Payable and Accrued Expenses$1,557,020--
Unsecured Notes Loans Payable$730,903--
Total Liabilities$31,237,923$28,950,000▼ $2,287,923
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,760,325$-4,310,561▼ $2,550,236
Total Liabilities and Net Assets / Fund Balance$29,477,598$24,639,439▼ $4,838,159

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$21,188,918$543,306$21,732,224
Land$1,546,660-$1,546,660
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Mark McwilliamsPresident
Melanie StropSecretary & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$4,989
Other Revenue
$0
Change in Net Assets
$-2,550,236

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,989
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,989
Total Revenue per Form 990
$4,989
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,555,225
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$1,451,438--$1,451,438
Occupancy$560,090--$560,090
Depreciation Depletion$543,306--$543,306
Fees for Service Investment Mgmnt Fees$391--$391
Total Functional Expenses$2,555,225$0$0$2,555,225

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,005,639
Expenses Not Reported on Form 990$2,993,720
Total Expenses per Form 990$2,555,225
Expenses per Audited Statements$2,011,919
Expenses Not Reported on Financial Statements$543,306
Other Expense Adjustments$543,306
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
APublic Finance Authority2019-07-09$28,725,000Construction of high school

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$28,725,000--$570,140

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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
No
Other officer compensation reviewed
No
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 A, Line 8B

“The organization had no committees.”

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

“The form 990 is prepared by the organization's public accounting firm based on information provided by the management. Once a draft of the filing is available, copies of form 990 are distributed to all board members for review via email, prior to filing.”

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

“The bylaws state that any responsible person shall immediately inform the board of any potential conflicts of interest. The board then has the right to approve or deny the transaction. If the conflict of interest involved a board member the finance team and board of directors at monument academy, a supported organization, shall support the building corporation with financial oversight. Potential conflicts of interest are discussed at the board meetings and documented in the meeting minutes.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Monument Academy Foundation
EIN
51-0506848
Phone
7194811950
Address
1150 VILLAGE RIDGE POINT, MONUMENT, CO 80132

Signing Officer

Name
Marc Brocklehurst
Title
Chief Financial Officer
Phone
7194811950
Signed
2022-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marc Brocklehurst
Formed
2004
Legal Domicile
Co
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Cliftonlarsonallen Llp
Address
8390 EAST CRESCENT PARKWAY SUITE, 300, GREENWOOD VILLAGE, CO 80111
Preparer
Sarah Hintz
Phone
3037795710
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

“The school follows a modified accrual method of accounting as prescribed by the colorado department of education. The school-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Grants and similar items are recognized when all eligibility requirements imposed by the provider have been met.”

FORM 990, PART XII, LINE 2C:

“The process for oversight and selection of an independent accountant has not changed.”

Financial Statement Notes

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Capital outlay 2,993,720.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Depreciation expense 543,306.”

Raw XML AppendixShowing 400 of 415 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01557020
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE FINANCIAL SUPPORT FOR THE DAY TO DAY OPERATIONS OF MONUMENT ACADEMY.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MARC BROCKLEHURST
IRS990/BooksInCareOfDetail/PhoneNum07194811950
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01150 VILLAGE RIDGE POINT
IRS990/BooksInCareOfDetail/USAddress/CityNm0MONUMENT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CO
IRS990/BooksInCareOfDetail/USAddress/ZIPCd080132
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0-8663078
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0-6212662
IRS990/CashNonInterestBearingGrp/BOYAmt01758
IRS990/CashNonInterestBearingGrp/EOYAmt01760
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt04989
IRS990/CYOtherExpensesAmt02555225
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-2550236
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt02555225
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04989
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0543306
IRS990/DepreciationDepletionGrp/TotalAmt0543306
IRS990/Desc0PROVIDED FINANCIAL SUPPORT FOR THE DAY TO DAY OPERATIONS OF THE MONUMENT ACADEMY.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt02555225
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt0391
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0391
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt16.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.01
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.01
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/PersonNm0MARK MCWILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm1MELANIE STROP
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY & TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04989
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/ProgramServicesAmt01451438
IRS990/InterestGrp/TotalAmt01451438
IRS990/InvestmentIncomeGrp/ExclusionAmt04989
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04989
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0543306
IRS990/LandBldgEquipBasisNetGrp/BOYAmt020285164
IRS990/LandBldgEquipBasisNetGrp/EOYAmt022735578
IRS990/LandBldgEquipCostOrOtherBssAmt023278884
IRS990/LegalDomicileStateCd0CO
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND SPECIFICALLY FOR THE PURPOSE OF LEASING OR HOLDING TITLE TO REAL AND/OR PERSONAL PROPERTY FOR MONUMENT ACADEMY D/B/A MONUMENT ACADEMY SECONDARY SCHOOL ("CHARTER SCHOOL"), A NON-PROFIT, PUBLIC CHARTER SCHOOL IN THE STATE OF COLORADO, AND TO OTHERWISE PROVIDE A PUBLIC BUILDING, FACILITIES, AND EQUIPMENT TO THE CHARTER SCHOOL.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-1760325
IRS990/NetAssetsOrFundBalancesEOYAmt0-4310561
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0560090
IRS990/OccupancyGrp/TotalAmt0560090
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt03558314
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt06485
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MARC BROCKLEHURST
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0333833
IRS990/PYOtherExpensesAmt02095916
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-1762083
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02095916
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0333833
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2550236
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03344439
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01895616
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09190676
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01902101
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0270014128
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02555225
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MONUMENT ACADEMY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt02555225
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt021188918
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0543306
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt021732224
IRS990ScheduleD/ExpensesNotReportedAmt02993720
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0543306
IRS990ScheduleD/ExpensesSubtotalAmt02011919
IRS990ScheduleD/LandGrp/BookValueAmt01546660
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01546660
IRS990ScheduleD/OtherExpensesIncludedAmt02993720
IRS990ScheduleD/OtherExpensesNotIncludedAmt0543306
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04989
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CAPITAL OUTLAY 2,993,720.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DEPRECIATION EXPENSE 543,306.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022735578
IRS990ScheduleD/TotalExpensesPerForm990Amt02555225
IRS990ScheduleD/TotalRevenuePerForm990Amt04989
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04989
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05005639
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02019-07-09
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0273866124
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum074442EEK2
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt028725000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0PUBLIC FINANCE AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0CONSTRUCTION OF HIGH SCHOOL
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt027245235
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0909625
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0570140
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt028725000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAD NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE MANAGEMENT. ONCE A DRAFT OF THE FILING IS AVAILABLE, COPIES OF FORM 990 ARE DISTRIBUTED TO ALL BOARD MEMBERS FOR REVIEW VIA EMAIL, PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BYLAWS STATE THAT ANY RESPONSIBLE PERSON SHALL IMMEDIATELY INFORM THE BOARD OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD THEN HAS THE RIGHT TO APPROVE OR DENY THE TRANSACTION. IF THE CONFLICT OF INTEREST INVOLVED A BOARD MEMBER THE FINANCE TEAM AND BOARD OF DIRECTORS AT MONUMENT ACADEMY, A SUPPORTED ORGANIZATION, SHALL SUPPORT THE BUILDING CORPORATION WITH FINANCIAL OVERSIGHT. POTENTIAL CONFLICTS OF INTEREST ARE DISCUSSED AT THE BOARD MEETINGS AND DOCUMENTED IN THE MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH ITS WEBSITE AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE SCHOOL FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE COLORADO DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0MONUMENT ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MONUMENT ACADEMY CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1MONUMENT ACADEMY BUILDING CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0270014128
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1261401850
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1OWNS AND LEASES SCHOOL FACILITIES TO MONUMENT ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 12B, II
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01150 VILLAGE RIDGE POINT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11150 VILLAGE RIDGE POINT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MONUMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1MONUMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd080132
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd180132
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt028950000
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt028950000
IRS990/TaxExemptBondsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt029477598
IRS990/TotalAssetsEOYAmt024639439
IRS990/TotalAssetsGrp/BOYAmt029477598
IRS990/TotalAssetsGrp/EOYAmt024639439
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02555225
IRS990/TotalFunctionalExpensesGrp/TotalAmt02555225
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt031237923
IRS990/TotalLiabilitiesEOYAmt028950000
IRS990/TotalLiabilitiesGrp/BOYAmt031237923
IRS990/TotalLiabilitiesGrp/EOYAmt028950000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1760325
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-4310561
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02555225
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04989
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04989
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt029477598
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt024639439
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0730903
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01150 VILLAGE RIDGE POINT
IRS990/USAddress/CityNm0MONUMENT
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080132
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.MONUMENTACADEMY.NET
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARC BROCKLEHURST
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHIEF FINANCIAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum07194811950
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MONUMENT ACADEMY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MONU
ReturnHeader/Filer/EIN0510506848
ReturnHeader/Filer/PhoneNum07194811950
ReturnHeader/Filer/USAddress/AddressLine1Txt01150 VILLAGE RIDGE POINT
ReturnHeader/Filer/USAddress/CityNm0MONUMENT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080132
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,639,439
Liabilities
$28,950,000
Net assets
-$4,310,561
Revenue
$4,989
Expenses
$2,555,225
Net income
-$2,550,236
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$22.3$28.3$6.03$1.91$2.03$0.12
2023Detailed filing. Detailed filing data is available for this year.$22.8$28.7$5.91$1.89$2.22$0.33
2022Detailed filing. Detailed filing data is available for this year.$23.4$29.0$5.58$0.73$2.00$1.27
2021Detailed filing. Detailed filing data is available for this year.$24.6$29.0$4.31$0.00$2.56$2.55
2020Detailed filing. Detailed filing data is available for this year.$29.5$31.2$1.76$0.33$2.10$1.76
2019Detailed filing. Detailed filing data is available for this year.$0.12$0.12$0.00$0.00
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2017Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2016Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.01$0.01
2014Summary only. Only limited summary data is available for this year.$0.01$0.00$0.00$0.00$0.00
2013Summary only. Only limited summary data is available for this year.$0.01$0.00$0.00$0.00$0.00
2012Summary only. Only limited summary data is available for this year.$0.01$0.00$0.00$0.00$0.00