Civic Intelligence

Aurora Public Schools Foundation

990 • Fiscal year 2019 • EIN 74-2477363

Jul 01, 2018 to Jun 30, 2019 • Filed on Dec 09, 2019

15701 E 1st Avenue Suite 206Aurora, CO 80011

(303) 326-2042

Siviq Scores

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

Liabilities / Assets

40th percentile

0.04x

Higher debt load relative to assets than 40% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

40th percentile

0.05x

Higher debt load relative to revenue than 40% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

54th percentile

4.7%

Higher net margin than 54% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

58th percentile

5.6%

Faster asset growth than 58% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

86th percentile

43%

Faster revenue growth than 86% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,304,314

Up $69,121 (+5.6%) from 2018

Net Assets

Up

$1,254,323

Up $53,084 (+4.4%) from 2018

Liabilities

Up

$49,991

Up $16,037 (+47%) from 2018

Revenue

Up

$994,631

Up $300,247 (+43%) from 2018

Expenses

Up

$947,597

Up $150,772 (+19%) from 2018

Net Income

Up

$47,034

Up $149,475 (+146%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,139,499Liabilities 2011: $52,934Net Assets 2011: $1,086,5652011Assets 2012: $767,414Liabilities 2012: $17,146Net Assets 2012: $750,2682012Assets 2013: $2,026,570Liabilities 2013: $84,816Net Assets 2013: $1,941,7542013Assets 2014: $1,163,307Liabilities 2014: $39,319Net Assets 2014: $1,123,9882014Assets 2015: $901,906Liabilities 2015: $55,763Net Assets 2015: $846,1432015Assets 2016: $1,200,660Liabilities 2016: $71,095Net Assets 2016: $1,129,5652016Assets 2017: $1,327,680Liabilities 2017: $24,000Net Assets 2017: $1,303,6802017Assets 2018: $1,235,193Liabilities 2018: $33,954Net Assets 2018: $1,201,2392018Assets 2019: $1,304,314Liabilities 2019: $49,991Net Assets 2019: $1,254,3232019Assets 2020: $1,665,225Liabilities 2020: $386,656Net Assets 2020: $1,278,5692020Assets 2021: $2,257,962Liabilities 2021: $105,548Net Assets 2021: $2,152,4142021Assets 2022: $2,296,498Liabilities 2022: $491,542Net Assets 2022: $1,804,9562022Assets 2023: $2,478,227Liabilities 2023: $288,149Net Assets 2023: $2,190,0782023Assets 2024: $3,332,964Liabilities 2024: $116,275Net Assets 2024: $3,216,6892024Assets 2025: $5,418,037Liabilities 2025: $167,317Net Assets 2025: $5,250,7202025

Highlighted filing

2019

Assets$1,304,314
Liabilities$49,991
Net Assets$1,254,323

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2011: $664,510Expenses 2011: $229,045Net Income 2011: $435,4652011Revenue 2012: $271,874Expenses 2012: $608,171Net Income 2012: -$336,2972012Revenue 2013: $1,503,538Expenses 2013: $312,052Net Income 2013: $1,191,4862013Revenue 2014: $1,081,547Expenses 2014: $1,899,313Net Income 2014: -$817,7662014Revenue 2015: $390,526Expenses 2015: $668,371Net Income 2015: -$277,8452015Revenue 2016: $785,329Expenses 2016: $501,907Net Income 2016: $283,4222016Revenue 2017: $1,125,831Expenses 2017: $951,716Net Income 2017: $174,1152017Revenue 2018: $694,384Expenses 2018: $796,825Net Income 2018: -$102,4412018Revenue 2019: $994,631Expenses 2019: $947,597Net Income 2019: $47,0342019Revenue 2020: $2,426,883Expenses 2020: $2,441,174Net Income 2020: -$14,2912020Revenue 2021: $3,873,020Expenses 2021: $3,066,095Net Income 2021: $806,9252021Revenue 2022: $1,943,663Expenses 2022: $2,276,345Net Income 2022: -$332,6822022Revenue 2023: $2,682,880Expenses 2023: $2,373,525Net Income 2023: $309,3552023Revenue 2024: $2,150,493Expenses 2024: $1,219,549Net Income 2024: $930,9442024Revenue 2025: $3,176,397Expenses 2025: $1,251,086Net Income 2025: $1,925,3112025

Highlighted filing

2019

Revenue$994,631
Expenses$947,597
Net Income$47,034
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Dec 9, 2019
Return Version
2018v3.1
Gross Receipts
$1,063,926
Mission and Program Overview

Mission

Cultivate community investment to enrich student opportunity.

The aurora public schools foundation exists to support students, families and staff of the joint school district no. 28-j of the counties of adams and arapahoe, colorado. The foundation has a commitment to cultivate community investment to enrich student opportunity across the district, through the development of partnerships and the leveragiing of programs that drive innovation and excellence for more than 40,000 students of the aurora public school district. Programs administrered by the foundation include college and career centers, special projects and a scholarship program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$966,236$1,019,805▲ $53,569
Investments in Publicly Traded Securities$179,707$191,209▲ $11,502
Pledges and Grants Receivable$84,750$87,300▲ $2,550
Total Assets$1,235,193$1,304,314▲ $69,121
Other Assets Total$4,500$6,000▲ $1,500
Liabilities
Accounts Payable and Accrued Expenses$33,954$31,970▼ $1,984
Deferred Revenue-$18,021-
Total Liabilities$33,954$49,991▲ $16,037
Net Assets / Fund Balance
Temporarily Rstr Net Assets$874,374$921,460▲ $47,086
Unrestricted Net Assets$226,865$232,863▲ $5,998
Permanently Rstr Net Assets$100,000$100,000→ $0
Total Net Assets Fund Balance$1,201,239$1,254,323▲ $53,084
Total Liabilities and Net Assets / Fund Balance$1,235,193$1,304,314▲ $69,121

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$106,131-▲ $6,440-$110,520
2017$108,131-▲ $72-$106,131
2016$108,044-▲ $87-$108,131
2015$107,914-▲ $130-$108,044
2014$107,766-▲ $148-$107,914
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,035,130
Program Service Revenue
$4,723
Investment Income
$13,457
Other Revenue
$-58,679
All Other Contributions
$473,655
Change in Net Assets
$47,034

Audited Revenue Reconciliation

Revenue per Audited Statements
$992,848
Revenue Not Reported on Financial Statements
$1,783
Revenue Not Reported on Form 990
$51,655
Total Revenue per Audited Statements
$1,044,503
Total Revenue per Form 990
$994,631
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$833,798
Salaries, Compensation, and Employee Benefits$64,703
Other Expenses$49,096
Total Fundraising Expense$33,141
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$790,149--$790,149
Current Officers, Directors, Trustees, and Key Employees$6,962$29,794$22,833$59,589
Grants to Domestic Individuals$43,649--$43,649
Fees for Services Management-$28,700-$28,700
Fees for Services Accounting-$7,050-$7,050
Fees for Services Other$4,723--$4,723
Other Salaries and Wages--$4,206$4,206
Advertising$981$39-$1,020
Office Expenses-$715-$715
Other Expenses$29$714$1,821$714
Other Employee Benefits--$586$586
Travel$198$37$347$582
Payroll Taxes--$322$322
Total Functional Expenses$846,691$67,765$33,141$947,597

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$991,419
Expenses per Audited Statements$947,597
Total Expenses per Form 990$947,597
Expenses Not Reported on Form 990$43,822
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Jt District 28-jAurora, COGovtSupport Aps Schools$516,148
Jt District 28-jAurora, COGovtCollege & Career Ctr$274,001
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$69,295
Fundraising Gross Income$10,616
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$228,466$10,616$19,314$-8,698
Total Events$228,466$10,616$69,295$-58,679
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Members of the aurora public schools foundation board are independent of the school board and the school district. The executive director of the foundation is supervised by the district's superintendent and the superintendent's delegate. The superintendent or his delegate attends foundation board meetings but is not a voting member of the board. As a separate legal entity, the district is not financially accountable for the foundation. However, due to the nature and significance of the relationship between the two entites, the foundation's financial statements are included as a part of the district's financial reporting requirements.

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

The 990 is prepared by the financial manager of the foundation in collaboration with a cpa firm. The return is reviewed by the executive director and presented to the foundation's finance committee for further review and approval for board distribution. Prior to its filing by the cpa firm, the return is distributed electronically to all board members for their review and feedback.

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

Board members are asked to update the foundation's executive director or board chair any time personal or professional relationships change, resulting in a possible conflict of interest.

Form 990, Page 6, Part VI, Line 15A

The foundation is primarily responsible for the executive director's compensation, including benefits. The foundation is reimbursed 25% of the executive director's compensation expense by the aurora public schools district. The foundation board's executive committee, in partnership with the district, provides a supervisory function over the executive director's performance goals and commensurate compensation. Annual compensation adjustments are based on both performance and surveys of comparable positions in the denver, colorado, metropolitan area.

Form 990, Page 6, Part VI, Line 19

The foundation's financial statements are available on its website. The governing documents, conflict of interest polcy and financial statements are also made available upon request.

Filing and Contact Details

Filer

Filer Name
Aurora Public Schools Foundation
EIN
74-2477363
Phone
3033262042
Address
15701 E 1ST AVENUE SUITE 206, AURORA, CO 80011
Doing Business As
Aurora Public Schools Education Fdn

Signing Officer

Name
Richard Levin
Title
Chair
Phone
3033262042
Signed
2019-12-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jill Ruiter
Formed
1987
Legal Domicile
Co
Voting Board Members
16
Independent Board Members
16
Employees
2
Volunteers
30

Preparer

Firm
Colwell & Company Inc
Address
5728 S GALLUP ST, LITTLETON, CO 80120-1622
Preparer
Robert D Colwell
Phone
3033479402
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The foundation's endowment consists of a 100,000 bequest that was received in 1995. The bequest agreement states that the amount to be used by the foundation is not to exceed the annual earnings on the principal amount, including any undistributed income from previous years. The bequest agreement specifies that the contributions to the fund in excess of 100,000 are to be used for scholarship purposes and are thus temporarily restricted. The earnings on the principal amount are to be used to help women who have overcome obstacles in their lives and are determined to change their direction and better themselves by pursuing a course of education or training that will enable them to be self-reliant.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0715
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IRS990/Organization501c3Ind0X
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0586
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IRS990/OtherExpensesGrp/Desc0DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1BANK CHARGES
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt03026
IRS990/OtherExpensesGrp/FundraisingAmt11821
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0716
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1714
IRS990/OtherExpensesGrp/ProgramServicesAmt029
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IRS990/OtherExpensesGrp/TotalAmt11821
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04206
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IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0322
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IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0100000
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt084750
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JILL RUITER
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04723
IRS990/ProgSrvcAccomActy2Grp/Desc0SPECIAL PROJECTS: THE FOUNDATION SERVES AS A CONDUIT FOR A VARIETY OF SPECIAL PROJECTS THAT SUPPORT THE AURORA PUBLIC SCHOOLS DISTRICT, INCLUDING COMMUNITY ACTION ZONES, INDIVIDUAL SCHOOL PROJECTS AND PROGRAMS AND OTHER DISTRICT INITIATIVES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0516148
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0516148
IRS990/ProgSrvcAccomActy3Grp/Desc0SCHOLARSHIP PROGRAM: THE FOUNDATION MANAGES A SCHOLARSHP PROGRAM THAT SUPPORTS POST-SECONDARY EDUCATION EXPENSES FOR GRADUATES OF THE AURORA PUBLIC SCHOOLS DISTRICT. THROUGH THE FISCAL YEAR ENDING 6/30/19 SCHOLARSHIPS WERE AWARDED TO 24 HIGH SCHOOL SENIORS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt048401
IRS990/ProgSrvcAccomActy3Grp/GrantAmt043649
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IRS990/PYTotalRevenueAmt0694384
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
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IRS990/ReportOtherAssetsInd0false
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01078632
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0753599
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0413164
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03893203
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt030482
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt027805
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt026941
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt027671
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt023920
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0437084
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04030022
IRS990ScheduleA/TotalSupportAmt04049222
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt0157388
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0157388
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus2Amt035000
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt035000

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.42$0.17$5.25$3.18$1.25$1.93
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.33$0.12$3.22$2.15$1.22$0.93
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.48$0.29$2.19$2.68$2.37$0.31
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.30$0.49$1.80$1.94$2.28$0.33
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$0.11$2.15$3.87$3.07$0.81
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.67$0.39$1.28$2.43$2.44$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.30$0.05$1.25$0.99$0.95$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.03$1.20$0.69$0.80$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.33$0.02$1.30$1.13$0.95$0.17
2016Detailed filing. Detailed filing data is available for this year.$1.20$0.07$1.13$0.79$0.50$0.28
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.06$0.85$0.39$0.67$0.28
2014Detailed filing. Detailed filing data is available for this year.$1.16$0.04$1.12$1.08$1.90$0.82
2013Summary only. Only limited summary data is available for this year.$2.03$0.08$1.94$1.50$0.31$1.19
2012Summary only. Only limited summary data is available for this year.$0.77$0.02$0.75$0.27$0.61$0.34
2011Summary only. Only limited summary data is available for this year.$1.14$0.05$1.09$0.66$0.23$0.44