Civic Intelligence

Stargate Foundation

990 • Fiscal year 2020 • EIN 81-0571736

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 22, 2021

14530 Washington StreetThornton, CO 80023

(303) 450-3936

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.01x

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

98th percentile

16.51x

Higher debt load relative to revenue than 98% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

22nd percentile

-5.9%

Higher net margin than 22% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

20th percentile

-1.3%

Faster asset growth than 20% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

74th percentile

16%

Faster revenue growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Down

$42,070,938

Down $551,340 (-1.3%) from 2019

Net Assets

Down

-$338,587

Down $151,814 (-81%) from 2019

Liabilities

Down

$42,409,525

Down $399,526 (-0.9%) from 2019

Revenue

Up

$2,568,232

Up $350,076 (+16%) from 2019

Expenses

Down

$2,720,046

Down $680,273 (-20%) from 2019

Net Income

Up

-$151,814

Up $1,030,349 (+87%) from 2019

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0-$20MAssets 2011: $8,530,761Liabilities 2011: $8,570,525Net Assets 2011: -$39,7642011Assets 2012: $8,373,945Liabilities 2012: $8,421,410Net Assets 2012: -$47,4652012Assets 2013: $8,229,012Liabilities 2013: $8,268,427Net Assets 2013: -$39,4152013Assets 2014: $8,374,461Liabilities 2014: $8,666,203Net Assets 2014: -$291,7422014Assets 2015: $50,186,040Liabilities 2015: $51,306,988Net Assets 2015: -$1,120,9482015Assets 2016: $52,543,575Liabilities 2016: $54,406,018Net Assets 2016: -$1,862,4432016Assets 2017: $43,540,576Liabilities 2017: $42,355,981Net Assets 2017: $1,184,5952017Assets 2018: $42,561,600Liabilities 2018: $41,566,210Net Assets 2018: $995,3902018Assets 2019: $42,622,278Liabilities 2019: $42,809,051Net Assets 2019: -$186,7732019Assets 2020: $42,070,938Liabilities 2020: $42,409,525Net Assets 2020: -$338,5872020Assets 2021: $41,153,487Liabilities 2021: $41,632,075Net Assets 2021: -$478,5882021Assets 2022: $40,334,055Liabilities 2022: $40,877,940Net Assets 2022: -$543,8852022Assets 2023: $39,603,869Liabilities 2023: $40,176,895Net Assets 2023: -$573,0262023

Highlighted filing

2020

Assets$42,070,938
Liabilities$42,409,525
Net Assets-$338,587

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $613,257Expenses 2011: $603,972Net Income 2011: $9,2852011Revenue 2012: $589,758Expenses 2012: $597,459Net Income 2012: -$7,7012012Revenue 2013: $590,189Expenses 2013: $582,139Net Income 2013: $8,0502013Revenue 2014: $608,149Expenses 2014: $565,981Net Income 2014: $42,1682014Revenue 2015: $557,159Expenses 2015: $1,386,365Net Income 2015: -$829,2062015Revenue 2016: $522,374Expenses 2016: $1,263,869Net Income 2016: -$741,4952016Revenue 2017: $6,530,537Expenses 2017: $3,483,499Net Income 2017: $3,047,0382017Revenue 2018: $2,900,408Expenses 2018: $3,089,613Net Income 2018: -$189,2052018Revenue 2019: $2,218,156Expenses 2019: $3,400,319Net Income 2019: -$1,182,1632019Revenue 2020: $2,568,232Expenses 2020: $2,720,046Net Income 2020: -$151,8142020Revenue 2021: $2,496,125Expenses 2021: $2,636,126Net Income 2021: -$140,0012021Revenue 2022: $2,457,803Expenses 2022: $2,523,099Net Income 2022: -$65,2962022Revenue 2023: $2,458,939Expenses 2023: $2,488,079Net Income 2023: -$29,1402023

Highlighted filing

2020

Revenue$2,568,232
Expenses$2,720,046
Net Income-$151,814
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 22, 2021
Return Version
2019v5.1
Gross Receipts
$2,568,232
Mission and Program Overview

Mission

Financing, constructing and maintaining Stargate Charter School's facilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$39,528,207$38,948,461▼ $579,746
Savings and Temporary Cash Investments$2,903,724$3,027,304▲ $123,580
Prepaid Expenses and Deferred Charges$190,347$95,173▼ $95,174
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-186,773$-338,587▼ $151,814
Total Assets$42,622,278$42,070,938▼ $551,340
Liabilities
Tax Exempt Bond Liabilities$42,656,726$42,205,287▼ $451,439
Accounts Payable and Accrued Expenses$152,325$204,238▲ $51,913
Total Liabilities$42,809,051$42,409,525▼ $399,526
Net Assets / Fund Balance
Total Net Assets Fund Balance$-186,773$-338,587▼ $151,814
Total Liabilities and Net Assets / Fund Balance$42,622,278$42,070,938▼ $551,340

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$35,439,584$2,979,320$38,418,904
Land$3,243,069-$3,243,069
Equipment$265,808$106,385$372,193
Compensation and Service Providers

Board Members and Trustees

NameTitle
Apryl SweatPresident
Amy MaxsonBoard Member
Paul DarrahBoard Member
Paula MaginBoard Member
Timothy TurnerBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$230,195
Program Service Revenue
$2,300,821
Investment Income
$37,216
Other Revenue
$0
Change in Net Assets
$-151,814

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$230,195Historical Cost
Total Noncash Contributions1$230,195-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,720,046
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-$1,816,819-$1,816,819
Depreciation Depletion-$738,502-$738,502
Other Expenses-$69,552-$69,552
Total Functional Expenses$0$2,720,046$0$2,720,046
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
ACecfa2018-07-17$42,728,165Refund 2015 bonds.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$39,442,070--$853,881

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
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

Line 8 Explanation - When there is no construction, there is only an annual meeting to review the Form 990, which is documented. During construction periods, meetings are held to review construction progress, but no minutes are recorded.

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

Line 11b Explanation - Form 990 is reviewed by the Finance Committee, approved by the Committee and passed on to the governing Board for review and approval.

Form 990, Part VI, Section B, line 15

There are no compensated employees or management of the Foundation.

Form 990, Part VI, Section C, line 19

Stargate makes all governing documents, conflict of interest policy and financial statements available on its website, www.stargateschool.org. They are on the governance page under "Forms and Files."

Filing and Contact Details

Filer

Filer Name
Stargate Foundation
EIN
81-0571736
Phone
3034503936
Address
14530 Washington Street, Thornton, CO 80023

Signing Officer

Name
Apryl Sweat
Title
President
Phone
3034503936
Signed
2021-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Apryl Sweat
Formed
2002
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Hinkle & Company PC
Address
5028 E 101st Street, Tulsa, OK 74137
Preparer
James D Hinkle
Phone
9184923388
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

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

Raw XML AppendixShowing 400 of 408 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.

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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Refund 2015 bonds.
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt02432214
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0853881
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt039442070
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Site Improvements
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0Historical Cost
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0230195
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Line 8 Explanation - When there is no construction, there is only an annual meeting to review the Form 990, which is documented. During construction periods, meetings are held to review construction progress, but no minutes are recorded.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Line 11b Explanation - Form 990 is reviewed by the Finance Committee, approved by the Committee and passed on to the governing Board for review and approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There are no compensated employees or management of the Foundation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Stargate makes all governing documents, conflict of interest policy and financial statements available on its website, www.stargateschool.org. They are on the governance page under "Forms and Files."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4This process of a committee overseeing the audit and assuming responsibility has not changed from the prior year.
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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Stargate Charter School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0841576891
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(b)(1)(A)(ii)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt014530 Washington St
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Thornton
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd080023
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt02531016
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash/Historical Cost
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Stargate Charter School
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0S
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CO
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt042656726
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt042205287
IRS990/TaxExemptBondsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt042622278
IRS990/TotalAssetsEOYAmt042070938
IRS990/TotalAssetsGrp/BOYAmt042622278
IRS990/TotalAssetsGrp/EOYAmt042070938
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0230195
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02720046
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02720046
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt042809051
IRS990/TotalLiabilitiesEOYAmt042409525
IRS990/TotalLiabilitiesGrp/BOYAmt042809051
IRS990/TotalLiabilitiesGrp/EOYAmt042409525
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-186773
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-338587
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt02300821
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt037216
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02300821
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02568232
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt042622278
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt042070938
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt014530 Washington Street
IRS990/USAddress/CityNm0Thornton
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080023
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0https://www.stargateschool.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Apryl Sweat
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03034503936
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-01-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Stargate Foundation
ReturnHeader/Filer/BusinessNameControlTxt0STAR
ReturnHeader/Filer/EIN0810571736
ReturnHeader/Filer/PhoneNum03034503936
ReturnHeader/Filer/USAddress/AddressLine1Txt014530 Washington Street
ReturnHeader/Filer/USAddress/CityNm0Thornton
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080023
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271494012
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Hinkle & Company PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05028 E 101st Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tulsa
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$39.6$40.2$0.57$2.46$2.49$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.3$40.9$0.54$2.46$2.52$0.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.2$41.6$0.48$2.50$2.64$0.14
2020Detailed filing. Detailed filing data is available for this year.$42.1$42.4$0.34$2.57$2.72$0.15
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.6$42.8$0.19$2.22$3.40$1.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.6$41.6$1.00$2.90$3.09$0.19
2017Summary only. Only limited summary data is available for this year.$43.5$42.4$1.18$6.53$3.48$3.05
2016Summary only. Only limited summary data is available for this year.$52.5$54.4$1.86$0.52$1.26$0.74
2015Summary only. Only limited summary data is available for this year.$50.2$51.3$1.12$0.56$1.39$0.83
2014Summary only. Only limited summary data is available for this year.$8.37$8.67$0.29$0.61$0.57$0.04
2013Summary only. Only limited summary data is available for this year.$8.23$8.27$0.04$0.59$0.58$0.01
2012Summary only. Only limited summary data is available for this year.$8.37$8.42$0.05$0.59$0.60$0.01
2011Summary only. Only limited summary data is available for this year.$8.53$8.57$0.04$0.61$0.60$0.01