Civic Intelligence

Annunciation Heights

990 • Fiscal year 2023 • EIN 82-3745326

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 13, 2024

1300 S Steele StDenver, CO 80210

(970) 586-5689

Siviq Scores

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

Liabilities / Assets

99th percentile

2.44x

Higher debt load relative to assets than 99% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

7.76x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

3rd percentile

-102%

Higher net margin than 3% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

93rd percentile

$249,833

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 18.6% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

28th percentile

-2.4%

Faster asset growth than 28% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

24th percentile

-11%

Faster revenue growth than 24% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$4,259,253

Down $105,520 (-2.4%) from 2022

Net Assets

Down

-$6,148,817

Down $1,368,524 (-29%) from 2022

Liabilities

Up

$10,408,070

Up $1,263,004 (+14%) from 2022

Revenue

Down

$1,341,275

Down $172,044 (-11%) from 2022

Expenses

Up

$2,709,799

Up $210,161 (+8.4%) from 2022

Net Income

Down

-$1,368,524

Down $382,205 (-39%) from 2022

Historical Trend

Balance Sheet Trend

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

$20M$10M$0-$10MAssets 2018: $3,800,168Liabilities 2018: $4,192,116Net Assets 2018: -$391,9482018Assets 2019: $4,150,178Liabilities 2019: $5,653,718Net Assets 2019: -$1,503,5402019Assets 2020: $4,485,608Liabilities 2020: $7,220,230Net Assets 2020: -$2,734,6222020Assets 2021: $4,116,985Liabilities 2021: $7,910,959Net Assets 2021: -$3,793,9742021Assets 2022: $4,364,773Liabilities 2022: $9,145,066Net Assets 2022: -$4,780,2932022Assets 2023: $4,259,253Liabilities 2023: $10,408,070Net Assets 2023: -$6,148,8172023Assets 2024: $6,069,352Liabilities 2024: $13,742,571Net Assets 2024: -$7,673,2192024Assets 2025: $6,309,977Liabilities 2025: $15,377,026Net Assets 2025: -$9,067,0492025

Highlighted filing

2023

Assets$4,259,253
Liabilities$10,408,070
Net Assets-$6,148,817

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2018: $70,728Expenses 2018: $462,676Net Income 2018: -$391,9482018Revenue 2019: $728,872Expenses 2019: $1,840,464Net Income 2019: -$1,111,5922019Revenue 2020: $587,226Expenses 2020: $1,818,308Net Income 2020: -$1,231,0822020Revenue 2021: $835,834Expenses 2021: $1,895,186Net Income 2021: -$1,059,3522021Revenue 2022: $1,513,319Expenses 2022: $2,499,638Net Income 2022: -$986,3192022Revenue 2023: $1,341,275Expenses 2023: $2,709,799Net Income 2023: -$1,368,5242023Revenue 2024: $1,397,977Expenses 2024: $2,922,379Net Income 2024: -$1,524,4022024Revenue 2025: $1,582,147Expenses 2025: $2,975,977Net Income 2025: -$1,393,8302025

Highlighted filing

2023

Revenue$1,341,275
Expenses$2,709,799
Net Income-$1,368,524
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 13, 2024
Return Version
2022v5.0
Gross Receipts
$1,365,745
Mission and Program Overview

Mission

Annunciation heights is a catholic youth and family camp nestled at the base of longs peak in the heart of colorado's majestic rocky mountains. We seek to glorify god by leading our guests into the depth and mystery of a personal friendship with jesus and his church, under the patronage of mary, our goal is to awaken and restore the hearts of catholics to the joy of knowing and living the catholic christian life. Annunciation heights provides a mountain location for youth, young adults, and families to camp and retreat. The goal of the organization is to allow our guests a place to grow in their relationship with god, themselves, each other and creation. We do this by offering a variety of camping, retreat, and outdoor education programs for primary, middle school, high school and college students throughout the year. In the summer, we offer family camps and camps for boys and girls. We also host various group retreats on weekends year-round.

A catholic camp that allows guests growth in relationships with god, themselves, each other and creation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,199,711$4,150,574▼ $49,137
Inventories for Sale or Use$27,380$42,154▲ $14,774
Prepaid Expenses and Deferred Charges$39,654$24,177▼ $15,477
Cash and Non-Interest-Bearing Accounts$78,120$20,628▼ $57,492
Accounts Receivable$12$281▲ $269
Total Assets$4,364,773$4,259,253▼ $105,520
Other Assets Total$19,896$21,439▲ $1,543
Liabilities
Other Liabilities$8,813,589$9,956,773▲ $1,143,184
Deferred Revenue$217,146$234,581▲ $17,435
Accounts Payable and Accrued Expenses$114,331$216,716▲ $102,385
Total Liabilities$9,145,066$10,408,070▲ $1,263,004
Net Assets / Fund Balance
Net Assets With Donor Restrictions$23,069$117,874▲ $94,805
Net Assets Without Donor Restrictions$-4,803,362$-6,266,691▼ $1,463,329
Total Net Assets Fund Balance$-4,780,293$-6,148,817▼ $1,368,524
Total Liabilities and Net Assets / Fund Balance$4,364,773$4,259,253▼ $105,520

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,272,195$862,902$3,135,097
Buildings$1,098,562$330,699$1,429,261
Equipment$334,010$101,464$435,474
Land$320,000-$320,000
Other Land Buildings$125,807$15,370$141,177
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kyle MillsExe. DirectoFT$213,482$36,351$249,833
Kyle MillsExe. Director & CEO-$213,482$36,351$249,833

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$352,857
Program Service Revenue
$973,737
Investment Income
$1,545
Other Revenue
$13,136
All Other Contributions
$343,966
Change in Net Assets
$-1,368,524
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,415,989
Salaries, Compensation, and Employee Benefits$1,293,810
Total Fundraising Expense$197,381
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$646,415$62,781$79,782$788,978
Depreciation Depletion$300,856--$300,856
Fees for Services Other$212,470$52,390$26,195$291,055
Current Officers, Directors, Trustees, and Key Employees$184,284$42,527$56,703$283,514
Office Expenses$134,648$23,761-$158,409
Other Employee Benefits$82,110$21,464$8,753$112,327
Insurance$83,713$2,180$2,826$88,719
Payroll Taxes$60,951$4,206$6,036$71,193
Other Expenses$49,983-$12,226$49,983
Pension Plan Contributions$29,244$3,767$4,787$37,798
Travel$19,692--$19,692
Conferences and Meetings$13,365-$73$13,438
Advertising$9,375--$9,375
Information Technology$5,752$710-$6,462
Occupancy$5,280--$5,280
Fees for Services Legal-$1,339-$1,339
Total Functional Expenses$2,297,293$215,125$197,381$2,709,799
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

Other Reported Liabilities

LiabilityAmount
Line of Credit$5,083,836
Due to Other Archdiocesan Entities$4,872,937
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
Yes
Other officer compensation reviewed
Yes
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

Form 990, part vi, section a, line 2: the following officers are also employees and officers of the archdiocese of denver: archbishop of denver most rev. Samuel j. Aquila, very rev. Randy m. Dollins, v.g., keith parsons, brenda cannella, and rebecca welborn. All individuals serve as officers for annunciation heights without compensation from annunciation heights or the archdiocese of denver. Salary information for these individuals is unavailable.

Form 990, Page 6, Part VI, Line 7A

The archbishop of the archdiocese of denver has sole authority to appoint all directors not serving ex-officio.

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

The board of directors is provided a copy of the form 990 for review and approval prior to filing with the irs.

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

All board members and key members of management are required to complete annual conflict of interest questionnaires. Disclosure of potential conflict of interest transactions involving board members is made to the board president, who brings these matters to the board, as necessary. In cases with actual conflicts, the person with the conflict of interest is excluded from the substantive approval of such transactions. Ultimately, the board president determines if a conflict exists and, in the case of existing conflict, whether the contemplated transaction may be authorized or recommended.

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

In general terms, the compensation for the executive director was determined by analyzing the budget and comparing the compensation to local and national markets for the same position, and other comparability data. The compensation was reviewed and approved by the board of directors in connection with the organization's overall budget process. Performance reviews of the executive director will be performed on an annual basis by the board president. Any evaluation of and recommended adjustments to the compensation will be contemporaneously documented.

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

See description above for line 15a.

Form 990, Page 6, Part VI, Line 19

Annunciation heights makes its' governing documents, conflicts of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Annunciation Heights
EIN
82-3745326
Phone
9705865689
Address
1300 S STEELE ST, DENVER, CO 80210

Signing Officer

Name
Brenda Cannella
Title
Treasurer
Phone
9705865689
Signed
2024-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brenda Cannella
Formed
2017
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
72
Volunteers
100

Preparer

Firm
Kundinger Corder & Montoya Pc
Address
475 LINCOLN STREET SUITE 200, DENVER, CO 80203
Preparer
Maria Montoya
Phone
3035345953
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Annunciation heights is a catholic youth and family camp nestled at the base of longs peak in the heart of colorado's majestic rocky mountains. We seek to glorify god by leading our guests into the depth and mystery of a personal friendship with jesus and his church, under the patronage of mary, our goal is to awaken and restore the hearts of catholics to the joy of knowing and living the catholic christian life. Annunciation heights provides a mountain location for youth, young adults, and families to camp and retreat. The goal of the organization is to allow our guests a place to grow in their relationship with god, themselves, each other and creation. We do this by offering a variety of camping, retreat, and outdoor education programs for primary, middle school, high school and college students throughout the year. In the summer, we offer family camps and camps for boys and girls. We also host various group retreats on weekends year-round.

Form 990, Part IX, Line 11G

Other functional exp 212,470 52,390 26,195

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IRS990/Desc0IN OUR SIXTH YEAR, ANNUNCIATION HEIGHTS GREW IN EACH PROGRAM AND GUEST GROUP AREA, WITH EXCEPTION OF OUR OUTDOOR LAB PROGRAM WHICH DIPPED IN SPRING REGISTRATIONS AS SCHOOLS WERE ANTICIPATING A NEW RELEASE OF CURRICULUM WE ARE LAUNCHING THIS YEAR. THANKFULLY, WE HAD NO COVID CANCELLATIONS TO REPORT. THROUGHOUT THE YEAR, WE CONTINUED TO SERVE GUEST GROUPS AS NORMAL AND SAW MANY FAMILIAR GUEST GROUPS RETURN AS REPEAT CUSTOMERS. OUR SUMMER YOUTH CAMP PROGRAM WAS THE BIGGEST TO DATE AND WE CONTINUE TO SERVE A RECORD NUMBER OF FAMILIES AT OUR FAMILY CAMP. ALL OF OUR PROGRAMS ARE DESIGNED TO BRING OUR GUESTS INTO THE BEAUTY OF GOD'S CREATION AND BE REFRESHED, IGNITED, OR RENEWED IN THEIR FAITH.
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IRS990/MissionDesc0ANNUNCIATION HEIGHTS IS A CATHOLIC YOUTH AND FAMILY CAMP NESTLED AT THE BASE OF LONGS PEAK IN THE HEART OF COLORADO'S MAJESTIC ROCKY MOUNTAINS. WE SEEK TO GLORIFY GOD BY LEADING OUR GUESTS INTO THE DEPTH AND MYSTERY OF A PERSONAL FRIENDSHIP WITH JESUS AND HIS CHURCH, UNDER THE PATRONAGE OF MARY, OUR GOAL IS TO AWAKEN AND RESTORE THE HEARTS OF CATHOLICS TO THE JOY OF KNOWING AND LIVING THE CATHOLIC CHRISTIAN LIFE. ANNUNCIATION HEIGHTS PROVIDES A MOUNTAIN LOCATION FOR YOUTH, YOUNG ADULTS, AND FAMILIES TO CAMP AND RETREAT. THE GOAL OF THE ORGANIZATION IS TO ALLOW OUR GUESTS A PLACE TO GROW IN THEIR RELATIONSHIP WITH GOD, THEMSELVES, EACH OTHER AND CREATION. WE DO THIS BY OFFERING A VARIETY OF CAMPING, RETREAT, AND OUTDOOR EDUCATION PROGRAMS FOR PRIMARY, MIDDLE SCHOOL, HIGH SCHOOL AND COLLEGE STUDENTS THROUGHOUT THE YEAR. IN THE SUMMER, WE OFFER FAMILY CAMPS AND CAMPS FOR BOYS AND GIRLS. WE ALSO HOST VARIOUS GROUP RETREATS ON WEEKENDS YEAR-ROUND.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANNUNCIATION HEIGHTS IS A CATHOLIC YOUTH AND FAMILY CAMP NESTLED AT THE BASE OF LONGS PEAK IN THE HEART OF COLORADO'S MAJESTIC ROCKY MOUNTAINS. WE SEEK TO GLORIFY GOD BY LEADING OUR GUESTS INTO THE DEPTH AND MYSTERY OF A PERSONAL FRIENDSHIP WITH JESUS AND HIS CHURCH, UNDER THE PATRONAGE OF MARY, OUR GOAL IS TO AWAKEN AND RESTORE THE HEARTS OF CATHOLICS TO THE JOY OF KNOWING AND LIVING THE CATHOLIC CHRISTIAN LIFE. ANNUNCIATION HEIGHTS PROVIDES A MOUNTAIN LOCATION FOR YOUTH, YOUNG ADULTS, AND FAMILIES TO CAMP AND RETREAT. THE GOAL OF THE ORGANIZATION IS TO ALLOW OUR GUESTS A PLACE TO GROW IN THEIR RELATIONSHIP WITH GOD, THEMSELVES, EACH OTHER AND CREATION. WE DO THIS BY OFFERING A VARIETY OF CAMPING, RETREAT, AND OUTDOOR EDUCATION PROGRAMS FOR PRIMARY, MIDDLE SCHOOL, HIGH SCHOOL AND COLLEGE STUDENTS THROUGHOUT THE YEAR. IN THE SUMMER, WE OFFER FAMILY CAMPS AND CAMPS FOR BOYS AND GIRLS. WE ALSO HOST VARIOUS GROUP RETREATS ON WEEKENDS YEAR-ROUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART VI, SECTION A, LINE 2: THE FOLLOWING OFFICERS ARE ALSO EMPLOYEES AND OFFICERS OF THE ARCHDIOCESE OF DENVER: ARCHBISHOP OF DENVER MOST REV. SAMUEL J. AQUILA, VERY REV. RANDY M. DOLLINS, V.G., KEITH PARSONS, BRENDA CANNELLA, AND REBECCA WELBORN. ALL INDIVIDUALS SERVE AS OFFICERS FOR ANNUNCIATION HEIGHTS WITHOUT COMPENSATION FROM ANNUNCIATION HEIGHTS OR THE ARCHDIOCESE OF DENVER. SALARY INFORMATION FOR THESE INDIVIDUALS IS UNAVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ARCHBISHOP OF THE ARCHDIOCESE OF DENVER HAS SOLE AUTHORITY TO APPOINT ALL DIRECTORS NOT SERVING EX-OFFICIO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS IS PROVIDED A COPY OF THE FORM 990 FOR REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL BOARD MEMBERS AND KEY MEMBERS OF MANAGEMENT ARE REQUIRED TO COMPLETE ANNUAL CONFLICT OF INTEREST QUESTIONNAIRES. DISCLOSURE OF POTENTIAL CONFLICT OF INTEREST TRANSACTIONS INVOLVING BOARD MEMBERS IS MADE TO THE BOARD PRESIDENT, WHO BRINGS THESE MATTERS TO THE BOARD, AS NECESSARY. IN CASES WITH ACTUAL CONFLICTS, THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE SUBSTANTIVE APPROVAL OF SUCH TRANSACTIONS. ULTIMATELY, THE BOARD PRESIDENT DETERMINES IF A CONFLICT EXISTS AND, IN THE CASE OF EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED OR RECOMMENDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IN GENERAL TERMS, THE COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS DETERMINED BY ANALYZING THE BUDGET AND COMPARING THE COMPENSATION TO LOCAL AND NATIONAL MARKETS FOR THE SAME POSITION, AND OTHER COMPARABILITY DATA. THE COMPENSATION WAS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS IN CONNECTION WITH THE ORGANIZATION'S OVERALL BUDGET PROCESS. PERFORMANCE REVIEWS OF THE EXECUTIVE DIRECTOR WILL BE PERFORMED ON AN ANNUAL BASIS BY THE BOARD PRESIDENT. ANY EVALUATION OF AND RECOMMENDED ADJUSTMENTS TO THE COMPENSATION WILL BE CONTEMPORANEOUSLY DOCUMENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SEE DESCRIPTION ABOVE FOR LINE 15A.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ANNUNCIATION HEIGHTS MAKES ITS' GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OTHER FUNCTIONAL EXP 212,470 52,390 26,195
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19

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