Civic Intelligence

James Irwin Charter Academy

990 • Fiscal year 2017 • EIN 80-0932138

Jul 01, 2016 to Jun 30, 2017 • Filed on May 10, 2018

5525 Astrozon BlvdColorado Springs, CO 80916

(719) 302-9001

Siviq Scores

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

Liabilities / Assets

89th percentile

0.86x

Higher debt load relative to assets than 89% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

1.61x

Higher debt load relative to revenue than 89% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

67th percentile

10%

Higher net margin than 67% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

81st percentile

$136,742

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

57th percentile

5.4%

Faster asset growth than 57% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

58th percentile

8.0%

Faster revenue growth than 58% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$4,713,843

Up $241,384 (+5.4%) from 2016

Net Assets

Up

$657,301

Up $262,163 (+66%) from 2016

Liabilities

Down

$4,056,542

Down $20,779 (-0.5%) from 2016

Revenue

Up

$2,512,195

Up $185,206 (+8.0%) from 2016

Expenses

Up

$2,250,032

Up $67,012 (+3.1%) from 2016

Net Income

Up

$262,163

Up $118,194 (+82%) from 2016

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 2013: $180,550Liabilities 2013: $180,5502013Assets 2014: $430,470Liabilities 2014: $387,796Net Assets 2014: $42,6742014Assets 2015: $334,571Liabilities 2015: $83,402Net Assets 2015: $251,1692015Assets 2016: $4,472,459Liabilities 2016: $4,077,321Net Assets 2016: $395,1382016Assets 2017: $4,713,843Liabilities 2017: $4,056,542Net Assets 2017: $657,3012017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2017

Assets$4,713,843
Liabilities$4,056,542
Net Assets$657,301

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2013: $180,550Expenses 2013: $180,550Net Income 2013: $02013Revenue 2014: $1,660,934Expenses 2014: $1,618,260Net Income 2014: $42,6742014Revenue 2015: $2,275,266Expenses 2015: $2,066,771Net Income 2015: $208,4952015Revenue 2016: $2,326,989Expenses 2016: $2,183,020Net Income 2016: $143,9692016Revenue 2017: $2,512,195Expenses 2017: $2,250,032Net Income 2017: $262,1632017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018

Highlighted filing

2017

Revenue$2,512,195
Expenses$2,250,032
Net Income$262,163
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 10, 2018
Return Version
2016v3.0
Gross Receipts
$2,512,195
Mission and Program Overview

Mission

The mission of james irwin charter academy is to help guide students in the development of their character and academic potential through academically rigorous, content-rich educational programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,923,174$3,831,178▼ $91,996
Cash and Non-Interest-Bearing Accounts$509,570$845,350▲ $335,780
Rtn Earn Endowment Incm Other Fnds$395,138$657,301▲ $262,163
Accounts Receivable$31,730$26,327▼ $5,403
Pledges and Grants Receivable$5,726$10,932▲ $5,206
Prepaid Expenses and Deferred Charges$2,259--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,472,459$4,713,843▲ $241,384
Other Assets Total$0$56▲ $56
Liabilities
Other Liabilities$4,068,879$4,033,452▼ $35,427
Accounts Payable and Accrued Expenses-$13,231-
Deferred Revenue$8,442$9,859▲ $1,417
Total Liabilities$4,077,321$4,056,542▼ $20,779
Net Assets / Fund Balance
Total Net Assets Fund Balance$395,138$657,301▲ $262,163
Total Liabilities and Net Assets / Fund Balance$4,472,459$4,713,843▲ $241,384

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,831,178$160,993$3,992,171
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jonathan BergCEO$136,742$136,742
Eileen JohnstonCFO$116,403$116,403

Board Members and Trustees

NameTitle
bob lapalmepresident
Lari JonesVice President
Robin VanderWildirector
Victoria Camerondirector
jeff kempdirector
ida dilwoodsecretary
Steve HesterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$223,047
Program Service Revenue
$2,289,148
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,220
Change in Net Assets
$262,163

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,512,195
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,512,195
Total Revenue per Form 990
$2,512,195
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,391,551
Other Expenses$833,481
Grants and Similar Amounts Paid$25,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$865,487$150,443-$1,015,930
Fees for Services Other$148,478$74,678-$223,156
Pension Plan Contributions$160,655$25,944-$186,599
Other Employee Benefits$167,222$7,698-$174,920
Occupancy$142,109$24,703-$166,812
Fees for Services Management-$151,612-$151,612
Depreciation Depletion$78,373$13,623-$91,996
Office Expenses$69,066$12,240-$81,306
Grants to Domestic Orgs$25,000--$25,000
Payroll Taxes$12,113$1,989-$14,102
Fees for Services Accounting-$8,450-$8,450
Insurance-$7,572-$7,572
Fees for Services Lobbying-$2,370-$2,370
Conferences and Meetings-$881-$881
Fees for Services Legal-$363-$363
Other Expenses$14,715$322-$322
Advertising-$245-$245
Total Functional Expenses$1,714,325$535,707$0$2,250,032

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,250,032
Total Expenses per Audited Statements$2,250,032
Total Expenses per Form 990$2,250,032
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
James Irwin Educational FoundationColorado Springs, CO501(c)(3)Improvements to facilities owned by Foundation, used by organization-
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital lease payable to related party$3,865,143
Due to related parties$155,683
accrued interest payable$12,626
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

James Irwin Charter Schools is the sole member.

Form 990, Part VI, Section A, line 7A

As the sole member, James Irwin Charter Schools has the ability to elect members of the Board of Directors.

Form 990, Part VI, Section A, line 7B

As the sole member, James Irwin Charter Schools has the ability to amend the Articles of Incorporation.

Form 990, Part VI, Section A, line 8B

no committee has the authority to act on behalf of the board of directors.

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

the 990 was reviewed by board members before it is filed.

Form 990, Part VI, Section B, line 12

directors sign the conflict of interest statement annually

Form 990, Part VI, Section B, line 15

The School does not have any direct employees.

Form 990, Part VI, Section C, line 18

the 990 is available upon request

Form 990, Part VI, Section C, line 19

all documents are available on the website or upon request.

Filing and Contact Details

Filer

Filer Name
James Irwin Charter Academy
EIN
80-0932138
Phone
7193029001
Address
5525 Astrozon Blvd, Colorado Springs, CO 80916

Signing Officer

Name
Duane France
Title
President
Phone
7193029001
Signed
2018-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Duane France
Formed
2013
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Waugh & Goodwin Llp
Address
1365 GARDEN OF THE GODS SUITE 150, COLORADO SPRINGS, CO 80907
Preparer
Jill J Goodwin CPA
Phone
7195909777
Supplemental Narrative

Additional Explanations

Part IX Line 5

The services provided by the CEO and CFO to the organization are included in the managment fee paid to the related organization that employs the CEO and CFO. The exact allocation of salaries and benefits of the CEO and CFO for services provided to the organization is not known so no amount is reflected on line 5.

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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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IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0service revenue
IRS990/ProgramServiceRevenueGrp/Desc1Student fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02246511
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt142637
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02246511
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt142637
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0220242
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02183020
IRS990/PYOtherRevenueAmt05669
IRS990/PYProgramServiceRevenueAmt02101078
IRS990/PYRevenuesLessExpensesAmt0143969
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02183020
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02326989
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0262163
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02289148
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0395138
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0657301
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0223047
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0220242
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0249636
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0418760
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0180550
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01292235
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0360721
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt05669
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0414
IRS990ScheduleA/OtherIncome170Grp/TotalAmt06083
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99930
IRS990ScheduleA/PublicSupportPY170Pct00.99900
IRS990ScheduleA/PublicSupportTotal170Amt08589130
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt02246511
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt02072811
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt01853163
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt01124410
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt07296895
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02469558
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02293053
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02102799
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01543170
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0180550
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08589130
IRS990ScheduleA/TotalSupportAmt08595213
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/DirectContactLegislatorsAmt02370
IRS990ScheduleC/DirectContactLegislatorsInd01
IRS990ScheduleC/GrantsOtherOrganizationsInd00
IRS990ScheduleC/MailingsMembersInd00
IRS990ScheduleC/MediaAdvertisementsInd00
IRS990ScheduleC/NotDescribedSection501c3Ind00
IRS990ScheduleC/OtherActivitiesInd00
IRS990ScheduleC/PaidStaffOrManagementInd00
IRS990ScheduleC/PublicationsOrBroadcastInd00
IRS990ScheduleC/RalliesDemonstrationsInd00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0Lobbyists were contracted to focus on the following areas at work: 1) Seek flexibility in the use of common core in schools. 2) Seek modification to the current student testing requirements. 3) Seek funding equity between state provided funding for schools.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II-B, Line 1:
IRS990ScheduleC/TotalLobbyingExpendituresAmt02370
IRS990ScheduleC/VolunteersInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03831178
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0160993
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03992171
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02250032
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0155683
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112626
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23865143
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to related parties
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1accrued interest payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Capital lease payable to related party
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02512195
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03831178
IRS990ScheduleD/TotalExpensesPerForm990Amt02250032
IRS990ScheduleD/TotalLiabilityAmt04033452
IRS990ScheduleD/TotalRevenuePerForm990Amt02512195
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02512195
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02250032
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/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0James Irwin Charter Academy ("JICA") is a free public charter school with enrollment open to all students in the state. Like other public schools in Colorado, neither JICA or other charter schools publicizes their nondiscriminatory policy in all student solicitations.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NO SCHOLARSHIPS OR FINANCIAL ASSISTANCE IS OFFERED BECAUSE THE SCHOOL IS A FREE PUBLIC SCHOOL OPEN TO ALL COLORADO STUDENTS ON A NONDISCRIMINATORY BASIS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2Like other Colorado public schools, JICA receives Per Pupil revenue from the Colorado Deparment of Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Part I, Line 6
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt025000
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0Building improvements
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Improvements to facilities owned by Foundation, used by organization
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0James Irwin Educational Foundation
IRS990ScheduleI/RecipientTable/RecipientEIN0880528985
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05525 Astrozon Blvd
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Colorado Springs
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd080916
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Cost
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The organization only has grants to other related organizations.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0James Irwin Charter Schools is the sole member.

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