Civic Intelligence

Fund for the New School Boulder Country Day School

990 • Fiscal year 2020 • EIN 84-1096643

Aug 01, 2019 to Jul 31, 2020 • Filed on May 19, 2021

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

73rd percentile

0.53x

Higher debt load relative to assets than 73% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

77th percentile

0.90x

Higher debt load relative to revenue than 77% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

74th percentile

17%

Higher net margin than 74% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

77th percentile

$284,064

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

61st percentile

11%

Faster asset growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

78th percentile

21%

Faster revenue growth than 78% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$16,137,560

Up $1,641,493 (+11%) from 2019

Net Assets

Up

$7,652,289

Up $1,869,425 (+32%) from 2019

Liabilities

Down

$8,485,271

Down $227,932 (-2.6%) from 2019

Revenue

Up

$9,432,517

Up $1,645,273 (+21%) from 2019

Expenses

Up

$7,782,920

Up $637,947 (+8.9%) from 2019

Net Income

Up

$1,649,597

Up $1,007,326 (+157%) from 2019

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

2020

Assets$16,137,560
Liabilities$8,485,271
Net Assets$7,652,289

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

2020

Revenue$9,432,517
Expenses$7,782,920
Net Income$1,649,597
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
May 19, 2021
Return Version
2019v5.0
Gross Receipts
$9,518,489
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$5,046,779$5,125,176▲ $78,397
Savings and Temporary Cash Investments$4,509,360$4,799,571▲ $290,211
Cash and Non-Interest-Bearing Accounts$2,877,403$3,459,846▲ $582,443
Accounts Receivable$1,942,517$2,576,690▲ $634,173
Prepaid Expenses and Deferred Charges$116,408$111,167▼ $5,241
Pledges and Grants Receivable$3,600$65,110▲ $61,510
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$14,496,067$16,137,560▲ $1,641,493
Other Assets Total-$0-
Liabilities
Deferred Revenue$6,455,707$6,430,806▼ $24,901
Mortgage Notes Payable Secured by Investment Property$1,969,330$1,771,096▼ $198,234
Accounts Payable and Accrued Expenses$275,600$283,369▲ $7,769
Other Liabilities$12,566--
Total Liabilities$8,713,203$8,485,271▼ $227,932
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,737,772$7,029,228▲ $1,291,456
Net Assets With Donor Restrictions$45,092$623,061▲ $577,969
Total Net Assets Fund Balance$5,782,864$7,652,289▲ $1,869,425
Total Liabilities and Net Assets / Fund Balance$14,496,067$16,137,560▲ $1,641,493

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,820,560$3,169,097$6,989,657
Equipment$303,593$733,411$1,037,004
Land$791,347-$791,347
Other Land Buildings$209,676$448,639$658,315
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John H Suitor IiiHead of SchoolFT$202,875$57,189$284,064
Ann Marie TeweyCFOFT$155,440$54,064$185,504
Susan E BoyleDirector AdmissionsFT$127,931$26,664$154,595
Gabrielle HernanTechnology DirectorFT$115,210$13,591$128,801

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,686,511
Program Service Revenue
$7,489,961
Investment Income
$119,623
Other Revenue
$136,422
All Other Contributions
$936,511
Change in Net Assets
$1,649,597

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,661,712
Revenue Not Reported on Financial Statements
$770,805
Revenue Not Reported on Form 990
$305,800
Other Revenue Adjustments
$770,805
Total Revenue per Audited Statements
$8,967,512
Total Revenue per Form 990
$9,432,517
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,357,620
Other Expenses$1,590,495
Grants and Similar Amounts Paid$758,238
Total Fundraising Expense$202,135
Professional Fundraising Fees$76,567

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,782,821$719,272$97,187$3,599,280
Other Employee Benefits$733,487$343,860$19,610$1,096,957
Grants to Domestic Individuals$758,238--$758,238
Current Officers, Directors, Trustees, and Key Employees-$661,383-$661,383
Depreciation Depletion$166,722$167,057-$333,779
Occupancy$275,170$54,976-$330,146
Information Technology$36,763$83,807-$120,570
All Other Expenses$53,167$57,620$8,771$119,558
Advertising-$117,855-$117,855
Fees for Services Professional Fundraising--$76,567$76,567
Insurance$45,172$6,160-$51,332
Other Expenses$23,873$13,438-$37,311
Interest$22,288$3,039-$25,327
Fees for Services Legal-$22,744-$22,744
Total Functional Expenses$5,084,098$2,496,687$202,135$7,782,920

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,782,920
Total Expenses per Audited Statements$7,098,087
Expenses per Audited Statements$7,012,115
Expenses Not Reported on Financial Statements$770,805
Other Expense Adjustments$770,805
Expenses Not Reported on Form 990$85,972
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$209,359
Fundraising Direct Expenses$85,972
Professional Fundraising Fees$76,567

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
EVENT #1$209,359$209,359$38,083$171,276
Total Events$209,359$209,359$85,972$123,387
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
Audit committee
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
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
2021-05-19
Discuss with paid preparer
Yes

Organization Details

Formed
1988
Legal Domicile
Co
Voting Board Members
20
Independent Board Members
20
Employees
132
Volunteers
150

Preparer

Firm
Middlemist Crouch & Co Cpas Pc
Address
2960 CENTER GREEN CT, BOULDER, CO 80301
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 $85972

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

Gain on interest rate swap $12567 grants & assistance netted to revenue $758238

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

Fundraising expenses netted to income $85972 indv grant netted to income $0

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

Gain on interest rate swap $12567 grants & assistance netted to revenue $758238

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IRS990/Form990PartVIISectionAGrp/TitleTxt0HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIR ADMISSIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt3TECHNOLOGY DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt20Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt21Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt22Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt23Trustee
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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/OtherExpensesGrp/Desc0OTHER
IRS990/OtherExpensesGrp/Desc1CLASSROOM SUPPLIES & MATERIALS
IRS990/OtherExpensesGrp/Desc2BAD DEBT
IRS990/OtherExpensesGrp/Desc3STAFF TRAINING & DEVELOPMENT
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IRS990/OtherExpensesGrp/TotalAmt241144
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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