Civic Intelligence

Mancos Valley Dragonfly School

EIN 83-1942589 • 501(c)3 • Mancos, CO

Pub. 78 Eligible

Profile

The mission of Mancos Valley Dragonfly Preschool is to foster a love of learning and a reverence for life by providing an education inspired by Waldorf principles that honors the unique wonder and imagination of early childhood.

7844 Road 41Mancos, CO 81328

mancosdragonflyschool.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.01x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

68th percentile

14%

Higher net margin than 68% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$40,800

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 11.6% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

73rd percentile

16%

Faster asset growth than 73% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

49th percentile

-3.3%

Faster revenue growth than 49% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$331,922

Up $46,757 (+16%) from 2023

Liabilities

Up

$2,288

Up $288 (+14%) from 2023

Net Assets

Up

$329,634

Up $46,469 (+16%) from 2023

Revenue

Down

$351,958

Down $12,080 (-3.3%) from 2023

Expenses

Down

$303,822

Down $60,060 (-17%) from 2023

Net Income

Up

$48,136

Up $47,980 (+30756%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2019: $63,869Liabilities 2019: $450Net Assets 2019: $63,4192019Assets 2020: $75,064Liabilities 2020: $79Net Assets 2020: $74,9852020Assets 2021: $86,813Liabilities 2021: $2,768Net Assets 2021: $84,0452021Assets 2022: $293,956Liabilities 2022: $6,748Net Assets 2022: $287,2082022Assets 2023: $285,165Liabilities 2023: $2,000Net Assets 2023: $283,1652023Assets 2024: $331,922Liabilities 2024: $2,288Net Assets 2024: $329,6342024

Highlighted filing

2024

Assets$331,922
Liabilities$2,288
Net Assets$329,634

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0Revenue 2019: $142,321Expenses 2019: $79,002Net Income 2019: $63,3192019Revenue 2020: $121,429Expenses 2020: $109,863Net Income 2020: $11,5662020Revenue 2021: $187,454Expenses 2021: $178,394Net Income 2021: $9,0602021Revenue 2022: $544,737Expenses 2022: $343,574Net Income 2022: $201,1632022Revenue 2023: $364,038Expenses 2023: $363,882Net Income 2023: $1562023Revenue 2024: $351,958Expenses 2024: $303,822Net Income 2024: $48,1362024

Highlighted filing

2024

Revenue$351,958
Expenses$303,822
Net Income$48,136

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 24, 2025
Return Version
2024v5.0
Gross Receipts
$356,343
Mission and Program Overview

Mission

The mission of Mancos Valley Dragonfly Preschool is to foster a love of learning and a reverence for life by providing an education inspired by Waldorf principles that honors the unique wonder and imagination of early childhood.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$209,095$209,695▲ $600
Cash and Non-Interest-Bearing Accounts$75,070$120,680▲ $45,610
Accounts Receivable-$546-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$285,165$331,922▲ $46,757
Other Assets Total$1,000$1,001▲ $1
Liabilities
Accounts Payable and Accrued Expenses$2,000$2,288▲ $288
Total Liabilities$2,000$2,288▲ $288
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$283,165$329,634▲ $46,469
Total Net Assets Fund Balance$283,165$329,634▲ $46,469
Total Liabilities and Net Assets / Fund Balance$285,165$331,922▲ $46,757

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$209,695--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Emily PalmerExecutive DirectorFT$40,800$40,800

Board Members and Trustees

NameTitle
Clay SullwoldPresident
Caroline RotenbergDirector
Chris CurryDirector
Krista PalmerDirector
Margaret ParadiseDirector
Melissa SayeDirector
Claire BroughtonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$190,585
Program Service Revenue
$152,055
Investment Income
$655
Other Revenue
$8,663
All Other Contributions
$190,585
Change in Net Assets
$48,136

Audited Revenue Reconciliation

Revenue per Audited Statements
$356,343
Revenue Not Reported on Financial Statements
$-4,385
Other Revenue Adjustments
$-4,385
Total Revenue per Audited Statements
$356,343
Total Revenue per Form 990
$351,958
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$207,787
Other Expenses$96,035
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$138,539$10,093-$148,632
Current Officers, Directors, Trustees, and Key Employees-$40,800-$40,800
Fees for Services Other$28,426$2,962-$31,388
Occupancy$28,404--$28,404
Payroll Taxes$13,335$4,899-$18,234
Advertising$4,890--$4,890
Fees for Services Accounting-$3,975-$3,975
Office Expenses-$3,185-$3,185
Conferences and Meetings$2,718--$2,718
All Other Expenses$1,779$809-$2,588
Insurance$2,391--$2,391
Travel$1,317--$1,317
Other Expenses$1,146--$1,146
Interest-$648-$648
Other Employee Benefits$121--$121
Total Functional Expenses$236,451$67,371$0$303,822

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$308,207
Expenses per Audited Statements$303,822
Total Expenses per Form 990$303,822
Expenses Not Reported on Form 990$4,385
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$12,618
Fundraising Direct Expenses$4,385
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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 A, Line 2

Krista Palmer is Emily Palmer's mother-in-law.

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

The IRS Form 990 is reviewed by the board of directors prior to filing of the return. A draft of the IRS Form 990 is emailed to those reviewing and approving one week prior to the meeting.

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

Mancos Valley Dragonfly School has a conflict of interest policy which includes having all new board and committee members sign an acknowledgement they have read and understood the policy. All board and committee members are required annually and in writing to disclose all businesses or other organizations of which the member or leader, or a member of his family, is an officer, member, owner, or employee; or for which the member or leader, or a member of his family, acts as an agent; or from which the member or leader, or a member of his family, receives compensation or remuneration of any sort, with which Mancos Valley Dragonfly School competes or with which Mancos Valley Dragonfly School has, or might reasonably in the future enter into, a relationship or a transaction. Mancos Valley Dragonfly School also has a policy directing the Board President and other Board Members on how to disclose a potential conflict of interest when issues are discussed or voted on, which includes disclosure and the party removing themselves from the meeting during discussion and vote. The policy directs the board or committee to seek alternates to the proposed transaction so as not producing a conflict of interest unless a more advantageous transaction or arrangement is not reasonably possible.

Form 990, Part VI, Section B, Line 15A

The School's Director's salary was voted on and decided by the Board of Directors. The Board consulted with a few other schools about what a reasonable Director's salary should be, and then compared it with what the School was able to pay.

Form 990, Part VI, Section C, Line 19

Governing documents, policies, financial statements and the IRS Form 990 are made available to the public upon request within three working days of the date the request was made.

Filing and Contact Details

Filer

Filer Name
Mancos Valley Dragonfly School
EIN
83-1942589
Phone
9705339838
Address
7844 Road 41, Mancos, CO 81328

Signing Officer

Name
Emily Palmer
Title
President
Signed
2025-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emily Palmer
Formed
2018
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
5
Employees
14
Volunteers
60

Preparer

Firm
Janice Moen CPA
Address
12 Vista Drive, Hooksett, NH 03106
Preparer
Janice Moen CPA
Phone
5052502231
Supplemental Narrative

Financial Statement Notes

Part XII, Line 2D: Other expenses and losses per audited F/S

Fundraising expenses netted against rev $4385

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Fundraising expenses netted against rev $4385
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XII, Line 2d: Other expenses and losses per audited F/S
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Krista Palmer is Emily Palmer's mother-in-law.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The IRS Form 990 is reviewed by the board of directors prior to filing of the return. A draft of the IRS Form 990 is emailed to those reviewing and approving one week prior to the meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Mancos Valley Dragonfly School has a conflict of interest policy which includes having all new board and committee members sign an acknowledgement they have read and understood the policy. All board and committee members are required annually and in writing to disclose all businesses or other organizations of which the member or leader, or a member of his family, is an officer, member, owner, or employee; or for which the member or leader, or a member of his family, acts as an agent; or from which the member or leader, or a member of his family, receives compensation or remuneration of any sort, with which Mancos Valley Dragonfly School competes or with which Mancos Valley Dragonfly School has, or might reasonably in the future enter into, a relationship or a transaction. Mancos Valley Dragonfly School also has a policy directing the Board President and other Board Members on how to disclose a potential conflict of interest when issues are discussed or voted on, which includes disclosure and the party removing themselves from the meeting during discussion and vote. The policy directs the board or committee to seek alternates to the proposed transaction so as not producing a conflict of interest unless a more advantageous transaction or arrangement is not reasonably possible.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The School's Director's salary was voted on and decided by the Board of Directors. The Board consulted with a few other schools about what a reasonable Director's salary should be, and then compared it with what the School was able to pay.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents, policies, financial statements and the IRS Form 990 are made available to the public upon request within three working days of the date the request was made.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
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