Civic Intelligence

Laradon Hall Society for Exceptional Children and Adults

990 • Fiscal year 2024 • EIN 84-0412621

Jul 01, 2023 to Jun 30, 2024 • Filed on Sep 24, 2024

5100 Lincoln StreetDenver, CO 80216

(303) 296-2400

Siviq Scores

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

Liabilities / Assets

66th percentile

0.39x

Higher debt load relative to assets than 66% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

0.42x

Higher debt load relative to revenue than 60% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

42nd percentile

1.5%

Higher net margin than 42% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

44th percentile

$235,620

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

45th percentile

4.3%

Faster asset growth than 45% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

18%

Faster revenue growth than 67% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$25,100,587

Up $1,027,637 (+4.3%) from 2023

Net Assets

Up

$15,290,896

Up $148,473 (+1.0%) from 2023

Liabilities

Up

$9,809,691

Up $879,164 (+9.8%) from 2023

Revenue

Up

$23,418,231

Up $3,494,717 (+18%) from 2023

Expenses

Up

$23,073,791

Up $2,505,966 (+12%) from 2023

Net Income

Up

$344,440

Up $988,751 (+153%) from 2023

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $15,868,640Liabilities 2010: $561,230Net Assets 2010: $15,307,4102010Assets 2011: $17,647,869Liabilities 2011: $606,925Net Assets 2011: $17,040,9442011Assets 2012: $16,489,901Liabilities 2012: $662,797Net Assets 2012: $15,827,1042012Assets 2013: $17,197,725Liabilities 2013: $723,232Net Assets 2013: $16,474,4932013Assets 2014: $17,539,254Liabilities 2014: $737,597Net Assets 2014: $16,801,6572014Assets 2015: $16,153,231Liabilities 2015: $652,390Net Assets 2015: $15,500,8412015Assets 2016: $6,742,513Liabilities 2016: $821,143Net Assets 2016: $5,921,3702016Assets 2017: $6,858,760Liabilities 2017: $827,256Net Assets 2017: $6,031,5042017Assets 2018: $11,852,468Liabilities 2018: $1,387,280Net Assets 2018: $10,465,1882018Assets 2019: $12,496,449Liabilities 2019: $1,820,312Net Assets 2019: $10,676,1372019Assets 2020: $20,418,226Liabilities 2020: $9,374,564Net Assets 2020: $11,043,6622020Assets 2021: $21,533,441Liabilities 2021: $8,010,563Net Assets 2021: $13,522,8782021Assets 2022: $24,311,430Liabilities 2022: $8,726,282Net Assets 2022: $15,585,1482022Assets 2023: $24,072,950Liabilities 2023: $8,930,527Net Assets 2023: $15,142,4232023Assets 2024: $25,100,587Liabilities 2024: $9,809,691Net Assets 2024: $15,290,8962024Assets 2025: $25,098,920Liabilities 2025: $10,397,724Net Assets 2025: $14,701,1962025

Highlighted filing

2024

Assets$25,100,587
Liabilities$9,809,691
Net Assets$15,290,896

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $10,871,1732010Expenses 2011: $11,344,5552011Expenses 2012: $11,839,9782012Revenue 2013: $11,182,749Expenses 2013: $11,138,085Net Income 2013: $44,6642013Revenue 2014: $10,187,691Expenses 2014: $10,810,527Net Income 2014: -$622,8362014Revenue 2015: $10,132,470Expenses 2015: $10,178,540Net Income 2015: -$46,0702015Revenue 2016: $10,007,815Expenses 2016: $10,386,214Net Income 2016: -$378,3992016Revenue 2017: $12,570,037Expenses 2017: $12,311,492Net Income 2017: $258,5452017Revenue 2018: $17,973,574Expenses 2018: $13,577,807Net Income 2018: $4,395,7672018Revenue 2019: $15,764,091Expenses 2019: $15,510,001Net Income 2019: $254,0902019Revenue 2020: $18,241,233Expenses 2020: $17,886,358Net Income 2020: $354,8752020Revenue 2021: $19,545,046Expenses 2021: $17,323,458Net Income 2021: $2,221,5882021Revenue 2022: $21,206,538Expenses 2022: $18,882,842Net Income 2022: $2,323,6962022Revenue 2023: $19,923,514Expenses 2023: $20,567,825Net Income 2023: -$644,3112023Revenue 2024: $23,418,231Expenses 2024: $23,073,791Net Income 2024: $344,4402024Revenue 2025: $24,867,138Expenses 2025: $25,539,852Net Income 2025: -$672,7142025

Highlighted filing

2024

Revenue$23,418,231
Expenses$23,073,791
Net Income$344,440
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 24, 2024
Return Version
2023v5.0
Gross Receipts
$25,367,670
Mission and Program Overview

Mission

To be an organization of excellence that provides superior services to children and adults with developmental disabilities to help them realize their full potential and maximize self-sufficiency.

Empower children and adults with intellectual and developmental disabilities to live their best lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$5,787,100$5,787,100→ $0
Investments in Publicly Traded Securities$2,860,547$3,002,249▲ $141,702
Land, Buildings, and Equipment, Net$2,459,701$2,603,956▲ $144,255
Accounts Receivable$1,380,461$2,208,098▲ $827,637
Cash and Non-Interest-Bearing Accounts$955,620$214,620▼ $741,000
Pledges and Grants Receivable$82,111$109,191▲ $27,080
Prepaid Expenses and Deferred Charges$46,565$68,139▲ $21,574
Total Assets$24,072,950$25,100,587▲ $1,027,637
Other Assets Total$10,500,845$11,107,234▲ $606,389
Liabilities
Other Liabilities$7,570,398$8,333,830▲ $763,432
Accounts Payable and Accrued Expenses$1,289,956$1,410,955▲ $120,999
Deferred Revenue$40,688$33,615▼ $7,073
Escrow Account Liability$29,485$31,291▲ $1,806
Total Liabilities$8,930,527$9,809,691▲ $879,164
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,142,423$14,622,556▼ $519,867
Net Assets With Donor Restrictions-$668,340-
Total Net Assets Fund Balance$15,142,423$15,290,896▲ $148,473
Total Liabilities and Net Assets / Fund Balance$24,072,950$25,100,587▲ $1,027,637

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,577,091$1,307,728$2,884,819
Equipment$902,891$936,912$1,839,803
Leasehold Improvements$3,773$1,109,345$1,113,118
Other Land Buildings$120,201-$120,201
Other Assets Org$31,291--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Douglas McneillCEOFT$225,766$9,854$235,620
Corey KalaCFOFT$144,179$21,163$165,342
Jennifer CastroFdtn Directo-$153,935$6,981$160,916
Jennifer CastroFdtn Director-$153,935$6,981$160,916
Liz SchmidtDirector of HrFT$124,039$20,320$144,359
Christopher JakanIt ManagerFT$128,880$5,812$134,692
Brenda DemattioDirector of AdulFT$114,293$19,832$134,125
Nancy JonesDirector of SchoFT$123,825$5,587$129,412

Board Members and Trustees

NameTitle
Larry BurgessChair
Jacque MontgomeryVice-chair
Geff McdanielDirector
Jean LawheadDirector
Jim WolfDirector
Joyce JoransenDirector
Julie RadulovichDirector
Karen SafranDirector
Manny MendezDirector
Queenie LiuDirector
Shyanne ChingDirector
Suzanne BradeenDirector
Valerie SaizDirector
Wayne RogersDirector
BRIAN O'NEILDirector Thr
Alice HilzerSecretary
Jo-ann ScharmannTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,430,406
Program Service Revenue
$20,263,871
Investment Income
$504,792
Other Revenue
$219,162
All Other Contributions
$1,734,835
Change in Net Assets
$344,440

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 Table827$122,895Fair Market Value
Total Noncash Contributions827$122,895-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,570,518
Other Expenses$8,503,273
Total Fundraising Expense$764,160
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,805,090$106,056$402,101$11,313,247
Fees for Services Other$4,768,474$57,638$77,073$4,903,185
Other Employee Benefits$1,501,201$56,160$26,459$1,583,820
Payroll Taxes$821,906$22,320$32,864$877,090
Occupancy$126,081$572,737$2,260$701,078
Current Officers, Directors, Trustees, and Key Employees$169,121$234,864$24,160$428,145
Pension Plan Contributions$347,692$5,084$15,440$368,216
Depreciation Depletion$298,017$22,671-$320,688
Insurance$167,427$86,251-$253,678
All Other Expenses$218,526$28,666$4,716$251,908
Office Expenses$187,934-$42,838$230,772
Travel$145,806$4,041$3,332$153,179
Other Expenses$125,410$2,681$3,768$128,091
Information Technology$92,869$3,442$1,004$97,315
Fees for Services Accounting$54,280$4,720-$59,000
Fees for Services Legal$31,456$5,992-$37,448
Advertising$11,214$1,612-$12,826
Fees for Service Investment Mgmnt Fees-$10,052-$10,052
Interest$917$80-$997
Total Functional Expenses$20,877,262$1,432,369$764,160$23,073,791
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$42,915
Fundraising Gross Income$42,915
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Corks for Cause$65,257$42,915-$42,915
Total Events$65,257$42,915$42,915-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Related Party Payables$8,120,398
Operating Lease Liability$213,432
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, Page 6, Part VI, Line 1A

The executive committee shall be composed of the officers of the corporation and two additional board members who are elected by the board at the annual meeting of the board of directors. The executive committee, as delegated to it by the board, shall have, and may excercise, the powers of the board as the need arises between meetings of the board. The executive committee shall also be responsible for coordinating and administering personnel matters relating to the ceo, including the administration of the ceo's annual performance review. The executive/personnel committee shall take the lead in hiring or replacment of the ceo; however, in the latter case, the executive committee may make recommendations only and may not act unilaterally without the approval of the full board of directors.

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

The budget and finance committee review and approve the form 990 with the return preparer. The form 990 is then provided to the members of the board of directors for their review and approval.

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

Each board member reviews and signs the conflict of interest policy when they join the board of directors. During fiscal year 6/30/2024, the conflict of interest policy was reviewed with board members to ensure compliance.

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

The ceo is hired through a board of directors committee and if necessary, aided by a recruiting firm. Comparability data is used. Salary is negotiated between the ceo and the committee. Deliberation and conclusion of compensation process is documented in the board minutes. The ceo's compensation is also documented in a written contract.

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

Officers and key employees are hired through a multiple interview process made up of agency wide employees and external individuals, using comparability data. The final interview is done by the ceo and salary is negotiated between the ceo and the employee. Compensation is documented in the employee's personnel file. The compensation for the cfo position is reviewed and approved by the board of directors.

Form 990, Page 6, Part VI, Line 19

Governing documentation availability:governing documents, conflicts of interest policy and financial statements are available to the public upon request. The annual form 990 and the consolidated financial statements are posted on laradon's website.

Filing and Contact Details

Filer

Filer Name
Laradon Hall Society for
EIN
84-0412621
Phone
3032962400
Address
5100 LINCOLN STREET, DENVER, CO 80216

Signing Officer

Name
Corey Kala
Title
CFO
Phone
3032962400
Signed
2024-09-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Corey Kala
Formed
1949
Legal Domicile
Co
Voting Board Members
16
Independent Board Members
16
Employees
339
Volunteers
45

Preparer

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

Additional Explanations

Form 990, Page 2, Part III, Line 4B

Children's services- laradon's children's services division features two unique programs: 1. The laradon school offers state-of-the art academic and behavior services for school age children from five to 21 years of age, with intellectual and developmental disabilities. The laradon school is accredited by the colorado department of education as an eligible facility school. The colorado department of human services licenses the laradon school as a day treatment program. All teachers and service providers are certified and licensed professionals who strive for a comprehensive understanding of each student through conscious and careful study. Person- centered thinking is first and foremost, whichhighlights our belief that all students are capable of learning and establishing and maintaining social relationships. 2. The calabrese youth center/lincoln house: the calabrese youth center & lincoln house provides 24-hour residential treatment to children, ages 11- 21, who have identified intellectual and developmental disabilities. Laradon's therapeutic program is designed to assist youth with how to resolve social, emotional, and behavioral problems so they can return to their home or community.

Form 990, Page 2, Part III, Line 4C

Adult services - laradon's day program services for adults have a broad array of programs designed to help people with developmental disabilities maximize their full potential. The goal is to assist individuals in developing connections in their communities by providing opportunities, experiences, personal security, and self-respect. These programs offer a variety of services for adults with developmental disabilities, including individual employment. Tailored employment support services help adults with developmental and other disabilities work on skill acquisition, job search and retention, and meet their own goals for work and community inclusion. Laradon's individual employment program provides support and services to adults with intellectual and developmental disabilities to obtain and maintain employment in the denver metro competitive labor force. Work teams are crews of 5-6 hardworking and dependable individuals who work for local businesses sites in the denver metro community. The focus of community participation is volunteer work and involvement in other valued aspects of community life, services, programs for seniors, programs for adults with autism, and serious and chronic medical conditions. Laradon also has behavioral services to adult services programming as an additional therapeutic service. Laradon job coaches over 120 individuals who hold jobs in the community being paid a competitive wage with other employees.

Form 990, Part IX, Line 11G

Professional fees 230,882 33,843 74,622 host home 4,227,722 0 0 contract services 267,698 23,795 2,451 room and board 42,172 0 0 total 4,768,474 57,638 77,073

Form 990, Page 12, Part XII, Line 1

No changes to processes from the prior year.

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

Laradon maintains stewardship of cash funds held on behalf of students living independently or in assisted living. Laradon advances checks or gift cards to these individuals to cover expenses when necessary.

Schedule D, Page 3, Part X

Management is required to evaluate tax positions taken by laradon, and to recognize a tax liability if laradon has taken an uncertain position that probably would not be sustained upon examination by taxing authorities. Laradon believes is has appropriate support for any positions taken and that none would require recognition of a liability or disclosure in the consolidated financial statements. Laradon is subject to routine audits by tax jurisdictions; however, there are currently no audits for any tax periods in progress. The three previous tax years remain subject to examination by the irs.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2FDTN DIRECTO
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIR. OF HR
IRS990/Form990PartVIISectionAGrp/TitleTxt4IT MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIR. OF ADUL
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIR. OF SCHO
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16VICE-CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR THR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05787100
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt05787100

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.1$10.4$14.7$24.9$25.5$0.67
2024Detailed filing. Detailed filing data is available for this year.$25.1$9.81$15.3$23.4$23.1$0.34
2023Detailed filing. Detailed filing data is available for this year.$24.1$8.93$15.1$19.9$20.6$0.64
2022Detailed filing. Detailed filing data is available for this year.$24.3$8.73$15.6$21.2$18.9$2.32
2021Detailed filing. Detailed filing data is available for this year.$21.5$8.01$13.5$19.5$17.3$2.22
2020Detailed filing. Detailed filing data is available for this year.$20.4$9.37$11.0$18.2$17.9$0.35
2019Detailed filing. Detailed filing data is available for this year.$12.5$1.82$10.7$15.8$15.5$0.25
2018Detailed filing. Detailed filing data is available for this year.$11.9$1.39$10.5$18.0$13.6$4.40
2017Detailed filing. Detailed filing data is available for this year.$6.86$0.83$6.03$12.6$12.3$0.26
2016Detailed filing. Detailed filing data is available for this year.$6.74$0.82$5.92$10.0$10.4$0.38
2015Detailed filing. Detailed filing data is available for this year.$16.2$0.65$15.5$10.1$10.2$0.05
2014Detailed filing. Detailed filing data is available for this year.$17.5$0.74$16.8$10.2$10.8$0.62
2013Summary only. Only limited summary data is available for this year.$17.2$0.72$16.5$11.2$11.1$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.5$0.66$15.8$11.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.6$0.61$17.0$11.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$0.56$15.3$10.9