Civic Intelligence

Quest Forward Academy Inc.

990 • Fiscal year 2022 • EIN 81-3810037

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 27, 2023

Organization Profilewww.questforward.academy

View Organization Page

PO Box 110789Aurora, CO 80042

(303) 962-0020

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.04x

Higher debt load relative to assets than 33% of similar nonprofits.

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

Liabilities / Revenue

14th percentile

0.01x

Higher debt load relative to revenue than 14% of similar nonprofits.

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

Net Margin

77th percentile

27%

Higher net margin than 77% of similar nonprofits.

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

Top Officer Pay

92nd percentile

$364,610

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

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

Asset Growth

56th percentile

2.9%

Faster asset growth than 56% of similar nonprofits.

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

Revenue Growth

16th percentile

-25%

Faster revenue growth than 16% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$2,500,201

Up $69,428 (+2.9%) from 2021

Net Assets

Up

$2,400,865

Up $2,070,388 (+626%) from 2021

Liabilities

Down

$99,336

Down $2,000,960 (-95%) from 2021

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin77th percentile

Revenue

Down

$7,624,976

Down $2,480,409 (-25%) from 2021

Expenses

Up

$5,554,588

Up $713,392 (+15%) from 2021

Net Income

Down

$2,070,388

Down $3,193,801 (-61%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$10M$5.0M$0-$5.0M-$10MAssets 2017: $460,814Liabilities 2017: $878,200Net Assets 2017: -$417,3862017Assets 2018: $1,219,391Liabilities 2018: $3,381,239Net Assets 2018: -$2,161,8482018Assets 2019: $1,316,733Liabilities 2019: $3,468,429Net Assets 2019: -$2,151,6962019Assets 2020: $1,688,573Liabilities 2020: $6,957,491Net Assets 2020: -$5,268,9182020Assets 2021: $2,430,773Liabilities 2021: $2,100,296Net Assets 2021: $330,4772021Assets 2022: $2,500,201Liabilities 2022: $99,336Net Assets 2022: $2,400,8652022Assets 2023: $4,229,896Liabilities 2023: $78,787Net Assets 2023: $4,151,1092023Assets 2024: $4,069,421Liabilities 2024: $59,821Net Assets 2024: $4,009,6002024

Highlighted filing

2022

Assets$2,500,201
Liabilities$99,336
Net Assets$2,400,865
Open 2022 Filing

Operations Trend

Revenue Growth16th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2017: $0Expenses 2017: $417,386Net Income 2017: -$417,3862017Revenue 2018: $206,882Expenses 2018: $2,224,095Net Income 2018: -$2,017,2132018Revenue 2019: $2,894,338Expenses 2019: $3,024,331Net Income 2019: -$129,9932019Revenue 2020: $486,749Expenses 2020: $3,603,971Net Income 2020: -$3,117,2222020Revenue 2021: $10,105,385Expenses 2021: $4,841,196Net Income 2021: $5,264,1892021Revenue 2022: $7,624,976Expenses 2022: $5,554,588Net Income 2022: $2,070,3882022Revenue 2023: $7,494,709Expenses 2023: $5,676,592Net Income 2023: $1,818,1172023Revenue 2024: $5,226,200Expenses 2024: $5,367,709Net Income 2024: -$141,5092024

Highlighted filing

2022

Revenue$7,624,976
Expenses$5,554,588
Net Income$2,070,388
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 27, 2023
Return Version
2021v4.2
Gross Receipts
$7,624,976
Mission and Program Overview

Mission

See Schedule O. Quest Forward Academy operates private secondary schools using a research-based, technology-powered learning platform teaching traditional academics and life skills through an active, quest-based paradigm. Quest Forward Academy's goal is to provide an effective and efficient learning methodology different than traditional secondary education but condusive to (1) assisting young individuals gain an education, (2) imbuing a life-long quest for knowledge and learning and (3) overcoming any societial limitations students may face including but not limited to low-income or poverty.

Operation of private secondary school(s).

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$330,477$2,400,865▲ $2,070,388
Land, Buildings, and Equipment, Net$2,430,167$2,220,649▼ $209,518
Loans From Officers Directors$1,976,070$0▼ $1,976,070
Cash and Non-Interest-Bearing Accounts$-1,061$170,894▲ $171,955
Savings and Temporary Cash Investments-$100,289-
Accounts Receivable$1,667$3,278▲ $1,611
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,430,773$2,500,201▲ $69,428
Other Assets Total-$5,091-
Liabilities
Other Liabilities$114,126$95,618▼ $18,508
Accounts Payable and Accrued Expenses$10,100$3,718▼ $6,382
Total Liabilities$2,100,296$99,336▼ $2,000,960
Net Assets / Fund Balance
Total Net Assets Fund Balance$330,477$2,400,865▲ $2,070,388
Total Liabilities and Net Assets / Fund Balance$2,430,773$2,500,201▲ $69,428

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,998,457$530,224$2,528,681
Equipment$153,577$180,734$334,311
Other Land Buildings$68,615$171,944$240,559
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen KenkelDirector QF Academy SantaFT$91,682$25,347$117,029
Michael BrownDirector QF Academy OmahaFT$95,781$2,940$98,721
Mark SmithDirector QF Academy OmahaFT$80,188$4,964$85,152
Sheri SimpsonDirector QF Academy SantaFT$73,208$2,375$75,583

Board Members and Trustees

NameTitle
Alfred LevittPresident and General Coun
J Joe RickettsCEO
Ray RavagliaChief Learning Officer

Highest Paid Contractors

ContractorServicesLocationCompensation
RCGH IncRentPO Box 1753, Rohnert Park, CA 94927$365,947
Bellevue UniversityRent1000 Galvin Road South, VEllevue, NE 68005$233,119
Revenue and Support

Revenue Composition

Contributions and Grants
$6,651,565
Program Service Revenue
$973,122
Investment Income
$289
Other Revenue
$0
All Other Contributions
$6,651,565
Change in Net Assets
$2,070,388
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,518,029
Other Expenses$2,035,807
Grants and Similar Amounts Paid$752
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$2,631,568--$2,631,568
Occupancy$673,803--$673,803
Current Officers, Directors, Trustees, and Key Employees$384,684--$384,684
Payroll Taxes$283,805--$283,805
Depreciation Depletion$279,796--$279,796
Other Employee Benefits$200,059--$200,059
All Other Expenses$160,656--$160,656
Fees for Services Other$130,629--$130,629
Advertising$127,851--$127,851
Other Expenses$45,857--$45,857
Information Technology$30,844--$30,844
Travel$22,152--$22,152
Insurance$19,604--$19,604
Pension Plan Contributions$17,913--$17,913
Grants to Domestic Orgs$752--$752
Fees for Services Legal$536--$536
Conferences and Meetings$296--$296
Total Functional Expenses$5,554,588$0$0$5,554,588
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Op Ed Foundation and Quest Forward Academy are commonly controlled.Opportunity Education Foundation licenses to Quest Forward Academy its proprietary quest-based learning system and cirriculum. Currently, Opportunity Education Foundation does not charge Quest Forward Academy for use of its intellectual property (the license is royalty-free); however, such is subject to change.No$0

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$1,976,070$0▼ $1,976,070
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Improvement Rent Allowance$95,618
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“A draft Form 990 is provided to each member of the board of directors prior to filing; thereafter, the return preparer reviews with the board of directors the draft Form 990 and resolves any questions or concerns.”

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

“Officers, directors and key employees are required each year to acknowledge conflict of interest policy and certify compliance with the policy.”

Form 990, Part VI, Section B, line 15

“HR professionals associated with the sole director's home office, review and define job possitions and comparable compensation for similar positions. The HR professionals then make a recommendation to the sole director and/or hiring manager regarding compensation for potential candidates. The director/hiring managers interview employee candidates and establish compensation based on employee qualifications and HR recommendations.”

Form 990, Part VI, Section C, line 19

“Complete copies of Quest Forward Academy's governing documents (articles, bylaws, conflict of interest policy and financial statements) for the current year are available to the general public upon request.”

Filing and Contact Details

Filer

Filer Name
Quest Forward Academy Inc
EIN
81-3810037
Phone
3039620020
Address
PO Box 110789, Aurora, CO 80042
Doing Business As
Quest Forward Academy

Signing Officer

Name
J Joe Ricketts
Title
CEO
Phone
3039620042
Signed
2023-03-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Joe Ricketts
Formed
2016
Legal Domicile
De
Voting Board Members
1
Independent Board Members
0
Employees
64
Volunteers
0

Preparer

Firm
Steven L Christensen JD
Address
1395 S Platte River Drive, Denver, CO 80223
Preparer
Steven L Christensen
Phone
3039620025
Raw XML AppendixShowing 400 of 617 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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IRS990/Form990PartVIISectionAGrp/TitleTxt1President and General Coun
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IRS990/MissionDesc0See Schedule O. Quest Forward Academy operates private secondary schools using a research-based, technology-powered learning platform teaching traditional academics and life skills through an active, quest-based paradigm. Quest Forward Academy's goal is to provide an effective and efficient learning methodology different than traditional secondary education but condusive to (1) assisting young individuals gain an education, (2) imbuing a life-long quest for knowledge and learning and (3) overcoming any societial limitations students may face including but not limited to low-income or poverty.
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IRS990/PYContributionsGrantsAmt09371562
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02042378
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0733823
IRS990/PYRevenuesLessExpensesAmt05264189
IRS990/PYSalariesCompEmpBnftPaidAmt02798818
IRS990/PYTotalExpensesAmt04841196
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010105385
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02070388
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0973122
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0330477
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02400865
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0100289
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01998457
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0530224
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02528681
IRS990ScheduleD/EquipmentGrp/BookValueAmt0153577
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0180734
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0334311
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt068615
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0171944
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0240559
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt095618
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Improvement Rent Allowance
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02220649
IRS990ScheduleD/TotalLiabilityAmt095618
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Quest Forward Academy publishes notice of its nondiscriminatory policy on printed promotional materials, website and annually in local newspapers of a general circulation in Bellevue, Nebraska and Santa Rosa, California.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships to attend QFA School in Bellevue, NE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Scholarhips to attend QFA School in Santa Rosa, CA
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0827790
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt11210200
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0Scholarship granted (waiver) by Quest Forward Acedemy to cover tuition and other fees to attend school.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc1Scholarship granted (waiver) by Quest Forward Acedemy to cover tuition and other fees to attend school.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt077
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt175
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0Other - Foregone tuition and fees
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1Other - Foregone tuition and fees
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/ClubDuesOrFeesInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0356411
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt08199
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Ray Ravaglia
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Chief Learning Officer
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0364610
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Employees who provide evidence of health club membership receive a taxable fringe benefit of $100/year to defray the cost of such membership.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 1a
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd01
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Opportunity Education Foundation
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Op Ed Foundation and Quest Forward Academy are commonly controlled.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Opportunity Education Foundation licenses to Quest Forward Academy its proprietary quest-based learning system and cirriculum. Currently, Opportunity Education Foundation does not charge Quest Forward Academy for use of its intellectual property (the license is royalty-free); however, such is subject to change.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Loan to finance start up and operating costs.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt01976070
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0J Joe Ricketts
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Director/CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A draft Form 990 is provided to each member of the board of directors prior to filing; thereafter, the return preparer reviews with the board of directors the draft Form 990 and resolves any questions or concerns.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Officers, directors and key employees are required each year to acknowledge conflict of interest policy and certify compliance with the policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HR professionals associated with the sole director's home office, review and define job possitions and comparable compensation for similar positions. The HR professionals then make a recommendation to the sole director and/or hiring manager regarding compensation for potential candidates. The director/hiring managers interview employee candidates and establish compensation based on employee qualifications and HR recommendations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Complete copies of Quest Forward Academy's governing documents (articles, bylaws, conflict of interest policy and financial statements) for the current year are available to the general public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0383971054
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0S
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Management company
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0HE Management Company
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0PO Box 110789
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Aurora
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd080042
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd10

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$2,500,201
Liabilities
$99,336
Net assets
$2,400,865
Revenue
$7,624,976
Expenses
$5,554,588
Net income
$2,070,388
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.07$0.06$4.01$5.23$5.37$0.14
2023Detailed filing. Detailed filing data is available for this year.$4.23$0.08$4.15$7.49$5.68$1.82
2022Detailed filing. Detailed filing data is available for this year.$2.50$0.10$2.40$7.62$5.55$2.07
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.43$2.10$0.33$10.1$4.84$5.26
2020Detailed filing. Detailed filing data is available for this year.$1.69$6.96$5.27$0.49$3.60$3.12
2019Summary only. Only limited summary data is available for this year.$1.32$3.47$2.15$2.89$3.02$0.13
2018Summary only. Only limited summary data is available for this year.$1.22$3.38$2.16$0.21$2.22$2.02
2017Summary only. Only limited summary data is available for this year.$0.46$0.88$0.42$0.00$0.42$0.42