Civic Intelligence

Annunciation Heights

990 • Fiscal year 2024 • EIN 82-3745326

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 30, 2025

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

2.26x

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

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

9.83x

Higher debt load relative to revenue than 97% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

3rd percentile

-109%

Higher net margin than 3% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

90th percentile

42%

Faster asset growth than 90% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

42nd percentile

4.2%

Faster revenue growth than 42% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,069,352

Up $1,810,099 (+42%) from 2023

Net Assets

Down

-$7,673,219

Down $1,524,402 (-25%) from 2023

Liabilities

Up

$13,742,571

Up $3,334,501 (+32%) from 2023

Revenue

Up

$1,397,977

Up $56,702 (+4.2%) from 2023

Expenses

Up

$2,922,379

Up $212,580 (+7.8%) from 2023

Net Income

Down

-$1,524,402

Down $155,878 (-11%) from 2023

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

2024

Assets$6,069,352
Liabilities$13,742,571
Net Assets-$7,673,219

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

2024

Revenue$1,397,977
Expenses$2,922,379
Net Income-$1,524,402
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 30, 2025
Return Version
2023v6.0
Gross Receipts
$1,423,744
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$4,150,574$5,900,836▲ $1,750,262
Cash and Non-Interest-Bearing Accounts$20,628$63,062▲ $42,434
Inventories for Sale or Use$42,154$44,182▲ $2,028
Prepaid Expenses and Deferred Charges$24,177$27,496▲ $3,319
Accounts Receivable$281$9,360▲ $9,079
Total Assets$4,259,253$6,069,352▲ $1,810,099
Other Assets Total$21,439$24,416▲ $2,977
Liabilities
Other Liabilities$9,956,773$13,343,075▲ $3,386,302
Deferred Revenue$234,581$247,018▲ $12,437
Accounts Payable and Accrued Expenses$216,716$152,478▼ $64,238
Total Liabilities$10,408,070$13,742,571▲ $3,334,501
Net Assets / Fund Balance
Net Assets With Donor Restrictions$117,874$70,547▼ $47,327
Net Assets Without Donor Restrictions$-6,266,691$-7,743,766▼ $1,477,075
Total Net Assets Fund Balance$-6,148,817$-7,673,219▼ $1,524,402
Total Liabilities and Net Assets / Fund Balance$4,259,253$6,069,352▲ $1,810,099

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,067,404$1,067,692$3,135,096
Land$2,023,437-$2,023,437
Buildings$1,294,025$409,183$1,703,208
Equipment$376,740$125,544$502,284
Other Land Buildings$139,230$19,017$158,247
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$230,151
Program Service Revenue
$1,150,046
Investment Income
$4,078
Other Revenue
$13,702
All Other Contributions
$218,495
Change in Net Assets
$-1,524,402
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,496,617
Salaries, Compensation, and Employee Benefits$1,375,762
Total Fundraising Expense$168,623
Professional Fundraising Fees$50,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$776,239$63,142$18,706$858,087
Depreciation Depletion$313,853--$313,853
Fees for Services Other$223,171$55,029$27,514$305,714
Current Officers, Directors, Trustees, and Key Employees$155,935$35,984$47,980$239,899
Other Employee Benefits$132,414$20,892$1,170$154,476
Office Expenses$123,000$21,705-$144,705
Insurance$105,655$2,795$3,354$111,804
Payroll Taxes$69,434$6,146$3,901$79,481
Other Expenses$54,564-$14,876$54,564
Fees for Services Professional Fundraising--$50,000$50,000
Pension Plan Contributions$38,908$3,789$1,122$43,819
Travel$17,512--$17,512
Conferences and Meetings$16,775--$16,775
Advertising$9,097--$9,097
Occupancy$2,571--$2,571
Information Technology$2,303$256-$2,559
Fees for Services Legal-$778-$778
Total Functional Expenses$2,543,240$210,516$168,623$2,922,379
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$50,000
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$12,487,273
Due to Other Archdiocesan Entities$855,802
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, and brenda cannella. 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
Keith Parsons
Title
President
Phone
9705865689
Signed
2025-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith Parsons
Formed
2017
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
86
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 223,171 55,029 27,514

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IRS990/Desc0DURING 2024, ANNUNCIATION HEIGHTS GREW IN EACH OF OUR THREE LARGEST PROGRAM SERVICES IN TERMS OF REVENUE AND EXPENSES. FOR OUR YOUTH AND FAMILY CAMP PROGRAMING, REVENUE TOTALED 458,992 WHILE EXPENSES WERE 293,427. GUEST GROUP REVENUE TOTALED 391,034 WHILE INCURRING DIRECT EXPENSES OF 37,570. OUR OUTDOOR EDUCATION PROGRAM EXPERIENCED 300,020 IN REVENUE AND 93,736 IN EXPENSES. MANY OF OUR EXPENSES ARE NOT DIRECTLY ALLOCATED TO OUR PROGRAM SERVICES SINCE THEY ARE SHARED ACROSS OTHER AREAS OF THE ORGANIZATION. THEREFORE, OUR TOTAL REVENUE WAS 1,397,977 WHILE OUR TOTAL EXPENSES WERE 2,922,379.
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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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IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0ARCHDIOCESE OF DENVER
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IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0PART I, LINES 2A AND 2B: FOR A BASE ANNUAL FEE, THE ARCHDIOCESE'S MISSION ADVANCEMENT OFFICE ("MAO") PROVIDES FUNDRAISING AND RELATED DEVELOPMENT SERVICES AND RESOURCES TO THE ORGANIZATION THAT INCLUDE: DONOR COMMUNICATIONS AND RELATIONS, DONOR SOLICITATION, EVENT ASSISTANCE, GRANT APPLICATION AND REPORTING, AND GRAPHIC DESIGN. THE AGREEMENT IS AUTO-RENEWABLE EACH YEAR, BUT THE FEE IS NEGOTIATED ON AN ANNUAL BASIS. FOR THE YEAR ENDED JUNE 30, 2024, FEES INCURRED IN CONNECTION WITH THIS SERVICE AGREEMENT TOTALED 50,000. THESE FEES HAVE BEEN REPORTED ON LINE 11E AS PROFESSIONAL FUNDRAISING SERVICES.
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE G, PART IV
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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, AND BRENDA CANNELLA. 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 223,171 55,029 27,514

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