Civic Intelligence

Fund for the New School Boulder Country Day School

990 • Fiscal year 2019 • EIN 84-1096643

Aug 01, 2018 to Jul 31, 2019 • Filed on Feb 19, 2020

4820 Nautilus Court NorthBoulder, CO 80301

(303) 527-4931

Siviq Scores

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

Liabilities / Assets

78th percentile

0.60x

Higher debt load relative to assets than 78% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

1.12x

Higher debt load relative to revenue than 82% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

65th percentile

8.2%

Higher net margin than 65% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

76th percentile

$282,180

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

65th percentile

8.4%

Faster asset growth than 65% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

64th percentile

9.0%

Faster revenue growth than 64% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$14,496,067

Up $1,122,495 (+8.4%) from 2018

Net Assets

Up

$5,782,864

Up $689,549 (+14%) from 2018

Liabilities

Up

$8,713,203

Up $432,946 (+5.2%) from 2018

Revenue

Up

$7,787,244

Up $642,355 (+9.0%) from 2018

Expenses

Up

$7,144,973

Up $450,331 (+6.7%) from 2018

Net Income

Up

$642,271

Up $192,024 (+43%) from 2018

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $10,827,473Liabilities 2011: $8,984,045Net Assets 2011: $1,843,4282011Assets 2012: $10,773,683Liabilities 2012: $8,885,878Net Assets 2012: $1,887,8052012Assets 2013: $10,805,033Liabilities 2013: $8,594,492Net Assets 2013: $2,210,5412013Assets 2014: $10,789,415Liabilities 2014: $8,215,768Net Assets 2014: $2,573,6472014Assets 2015: $11,741,608Liabilities 2015: $8,552,116Net Assets 2015: $3,189,4922015Assets 2016: $12,174,398Liabilities 2016: $8,185,367Net Assets 2016: $3,989,0312016Assets 2017: $12,752,362Liabilities 2017: $8,191,863Net Assets 2017: $4,560,4992017Assets 2018: $13,373,572Liabilities 2018: $8,280,257Net Assets 2018: $5,093,3152018Assets 2019: $14,496,067Liabilities 2019: $8,713,203Net Assets 2019: $5,782,8642019Assets 2020: $16,137,560Liabilities 2020: $8,485,271Net Assets 2020: $7,652,2892020Assets 2021: $19,069,337Liabilities 2021: $10,432,138Net Assets 2021: $8,637,1992021Assets 2022: $22,341,356Liabilities 2022: $10,553,094Net Assets 2022: $11,788,2622022Assets 2023: $25,692,179Liabilities 2023: $11,047,702Net Assets 2023: $14,644,4772023Assets 2024: $30,552,287Liabilities 2024: $14,618,885Net Assets 2024: $15,933,4022024Assets 2025: $29,152,432Liabilities 2025: $14,666,794Net Assets 2025: $14,485,6382025

Highlighted filing

2019

Assets$14,496,067
Liabilities$8,713,203
Net Assets$5,782,864

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $4,650,328Expenses 2011: $4,313,096Net Income 2011: $337,2322011Revenue 2012: $4,974,802Expenses 2012: $4,933,266Net Income 2012: $41,5362012Revenue 2013: $5,249,674Expenses 2013: $4,891,656Net Income 2013: $358,0182013Revenue 2014: $5,490,072Expenses 2014: $5,137,358Net Income 2014: $352,7142014Revenue 2015: $6,109,410Expenses 2015: $5,493,565Net Income 2015: $615,8452015Revenue 2016: $6,680,772Expenses 2016: $5,888,971Net Income 2016: $791,8012016Revenue 2017: $7,036,936Expenses 2017: $6,465,468Net Income 2017: $571,4682017Revenue 2018: $7,144,889Expenses 2018: $6,694,642Net Income 2018: $450,2472018Revenue 2019: $7,787,244Expenses 2019: $7,144,973Net Income 2019: $642,2712019Revenue 2020: $9,432,517Expenses 2020: $7,782,920Net Income 2020: $1,649,5972020Revenue 2021: $8,708,718Expenses 2021: $8,375,659Net Income 2021: $333,0592021Revenue 2022: $11,531,077Expenses 2022: $7,614,409Net Income 2022: $3,916,6682022Revenue 2023: $11,054,498Expenses 2023: $8,764,254Net Income 2023: $2,290,2442023Revenue 2024: $11,152,397Expenses 2024: $10,467,355Net Income 2024: $685,0422024Revenue 2025: $10,013,093Expenses 2025: $11,988,167Net Income 2025: -$1,975,0742025

Highlighted filing

2019

Revenue$7,787,244
Expenses$7,144,973
Net Income$642,271
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
Feb 19, 2020
Return Version
2018v3.1
Gross Receipts
$7,857,891
Mission and Program Overview

Mission

Boulder country day school provides a well-rounded education of academic excellence and character development in a safe environment, empowering our students to reach their full potential as lifelong learners and responsible, globally aware citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,148,909$5,046,779▼ $102,130
Savings and Temporary Cash Investments$3,808,063$4,509,360▲ $701,297
Cash and Non-Interest-Bearing Accounts$2,663,756$2,877,403▲ $213,647
Accounts Receivable$1,685,508$1,942,517▲ $257,009
Prepaid Expenses and Deferred Charges$50,771$116,408▲ $65,637
Pledges and Grants Receivable$16,565$3,600▼ $12,965
Other Notes and Loans Receivable, Net-$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-
Total Assets$13,373,572$14,496,067▲ $1,122,495
Other Assets Total-$0-
Liabilities
Deferred Revenue$5,867,645$6,455,707▲ $588,062
Mortgage Notes Payable Secured by Investment Property$2,162,563$1,969,330▼ $193,233
Accounts Payable and Accrued Expenses$188,935$275,600▲ $86,665
Other Liabilities$61,114$12,566▼ $48,548
Total Liabilities$8,280,257$8,713,203▲ $432,946
Net Assets / Fund Balance
Unrestricted Net Assets$5,054,609$5,737,772▲ $683,163
Temporarily Rstr Net Assets$38,706$45,092▲ $6,386
Total Net Assets Fund Balance$5,093,315$5,782,864▲ $689,549
Total Liabilities and Net Assets / Fund Balance$13,373,572$14,496,067▲ $1,122,495

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,922,943$3,015,903$6,938,846
Equipment$276,380$800,887$1,077,267
Land$791,347-$791,347
Other Land Buildings$56,109$207,345$263,454
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John H Suitor IiiHead of SchoolFT$195,000$33,180$282,180
Ann Marie TeweyCFOFT$157,468$70,121$173,589

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$309,663
Program Service Revenue
$7,137,896
Investment Income
$122,964
Other Revenue
$216,721
All Other Contributions
$309,663
Change in Net Assets
$642,271

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,048,434
Revenue Not Reported on Financial Statements
$738,810
Revenue Not Reported on Form 990
$117,925
Other Revenue Adjustments
$738,810
Total Revenue per Audited Statements
$7,166,359
Total Revenue per Form 990
$7,787,244
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,900,974
Other Expenses$1,456,748
Grants and Similar Amounts Paid$690,262
Total Fundraising Expense$219,191
Professional Fundraising Fees$96,989

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,585,355$883,006$83,068$3,551,429
Other Employee Benefits$661,093$292,221$15,127$968,441
Grants to Domestic Individuals$690,262--$690,262
Current Officers, Directors, Trustees, and Key Employees-$381,104-$381,104
Depreciation Depletion$159,119$153,900-$313,019
Occupancy$220,955$26,292-$247,247
Advertising-$116,210-$116,210
Fees for Services Professional Fundraising--$96,989$96,989
All Other Expenses$33,547$38,555$24,007$96,109
Information Technology$17,236$72,777-$90,013
Interest$73,408$10,010-$83,418
Insurance$41,637$5,678-$47,315
Other Expenses$23,959$7,488-$31,447
Fees for Services Accounting-$9,500-$9,500
Fees for Services Other-$6,106-$6,106
Fees for Services Legal-$4,994-$4,994
Total Functional Expenses$4,761,331$2,164,451$219,191$7,144,973

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,144,973
Total Expenses per Audited Statements$6,476,810
Expenses per Audited Statements$6,406,163
Expenses Not Reported on Financial Statements$738,810
Other Expense Adjustments$738,810
Expenses Not Reported on Form 990$70,647
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$213,695
Professional Fundraising Fees$96,989
Fundraising Direct Expenses$70,647

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
EVENT #1$213,695$213,695$32,653$181,042
Total Events$213,695$213,695$70,647$143,048
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap$12,566
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The board will review and approve the form 990 as part of its final review process.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

A conflict of interest form must be filled out at the beginning of the year at the first board meeting by any board member who has a potential conflict of interest. The people with potential conflicts are asked to leave the room and the board discusses whether the conflict is such that this person should not be on the board or when they need to recuse themselves from a meeting or vote.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

National and local comparative salaries are obtained on-line from the national association of independent schools (nais) and the association of colorado independent schools (acis). We use acis and nais to help us make salary decisions accross the whole school. We have a salary band chart for our full-time faculty which was built using acis and nais data and is built to take into account years of experience and education.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Upon request, except for financials which are presented in the annual report and on the charities and solicitation section of the licensing division for the state of colorado.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Fund for the New School
EIN
84-1096643
Phone
3035274931
Address
4820 NAUTILUS COURT NORTH, BOULDER, CO 80301

Signing Officer

Name
Ann Marie Tewey
Title
CFO
Signed
2020-02-19
Discuss with paid preparer
Yes

Organization Details

Formed
1988
Legal Domicile
Co
Voting Board Members
20
Independent Board Members
20
Employees
129
Volunteers
150

Preparer

Firm
Middlemist Crouch & Co Cpas Pc
Address
2960 CENTER GREEN CT, BOULDER, CO 80301-5406
Preparer
Catherine Middlemist CPA
Phone
3034494025
Supplemental Narrative

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Fundraising expenses netted to income $70647

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Gain on interest rate swap $48548 grants & assistance netted to revenue $690262

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

Fundraising expenses netted to income $70647

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Gain on interest rate swap $48548 grants & assistance netted to revenue $690262

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IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
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IRS990/MissionDesc0BOULDER COUNTRY DAY SCHOOL PROVIDES A WELL-ROUNDED EDUCATION OF ACADEMIC EXCELLENCE AND CHARACTER DEVELOPMENT IN A SAFE ENVIRONMENT, EMPOWERING OUR STUDENTS TO REACH THEIR FULL POTENTIAL AS LIFELONG LEARNERS AND RESPONSIBLE, GLOBALLY AWARE CITIZENS.
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IRS990/OtherRevenueTotalAmt072173

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$29.2$14.7$14.5$10.0$12.0$1.98
2024Detailed filing. Detailed filing data is available for this year.$30.6$14.6$15.9$11.2$10.5$0.69
2023Detailed filing. Detailed filing data is available for this year.$25.7$11.0$14.6$11.1$8.76$2.29
2022Detailed filing. Detailed filing data is available for this year.$22.3$10.6$11.8$11.5$7.61$3.92
2021Detailed filing. Detailed filing data is available for this year.$19.1$10.4$8.64$8.71$8.38$0.33
2020Detailed filing. Detailed filing data is available for this year.$16.1$8.49$7.65$9.43$7.78$1.65
2019Detailed filing. Detailed filing data is available for this year.$14.5$8.71$5.78$7.79$7.14$0.64
2018Detailed filing. Detailed filing data is available for this year.$13.4$8.28$5.09$7.14$6.69$0.45
2017Detailed filing. Detailed filing data is available for this year.$12.8$8.19$4.56$7.04$6.47$0.57
2016Summary only. Only limited summary data is available for this year.$12.2$8.19$3.99$6.68$5.89$0.79
2015Detailed filing. Detailed filing data is available for this year.$11.7$8.55$3.19$6.11$5.49$0.62
2014Summary only. Only limited summary data is available for this year.$10.8$8.22$2.57$5.49$5.14$0.35
2013Summary only. Only limited summary data is available for this year.$10.8$8.59$2.21$5.25$4.89$0.36
2012Summary only. Only limited summary data is available for this year.$10.8$8.89$1.89$4.97$4.93$0.04
2011Summary only. Only limited summary data is available for this year.$10.8$8.98$1.84$4.65$4.31$0.34