Civic Intelligence

Durango Education Centerinc

990 • Fiscal year 2013 • EIN 84-1118878

Jan 01, 2013 to Dec 31, 2013 • Filed on May 13, 2014

701 Camino Del RioRoom/Suite 30181301

(970) 385-4354

Siviq Scores

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

Liabilities / Assets

29th percentile

0.02x

Higher debt load relative to assets than 29% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

30th percentile

0.03x

Higher debt load relative to revenue than 30% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

50th percentile

2.6%

Higher net margin than 50% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

55th percentile

$60,072

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

23rd percentile

-4.1%

Faster asset growth than 23% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

12th percentile

-22%

Faster revenue growth than 12% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Assets

Down

$1,265,710

Down $54,743 (-4.1%) from 2012

Net Assets

Up

$1,238,826

Up $26,188 (+2.2%) from 2012

Liabilities

Down

$26,884

Down $80,931 (-75%) from 2012

Revenue

Down

$856,970

Down $240,246 (-22%) from 2012

Expenses

Down

$835,114

Down $426,488 (-34%) from 2012

Net Income

Up

$21,856

Up $186,242 (+113%) from 2012

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,369,422Liabilities 2010: $107,655Net Assets 2010: $1,261,7672010Assets 2011: $1,387,032Liabilities 2011: $14,869Net Assets 2011: $1,372,1632011Assets 2012: $1,320,453Liabilities 2012: $107,815Net Assets 2012: $1,212,6382012Assets 2013: $1,265,710Liabilities 2013: $26,884Net Assets 2013: $1,238,8262013Assets 2014: $1,446,878Liabilities 2014: $42,002Net Assets 2014: $1,404,8762014Assets 2015: $1,813,221Liabilities 2015: $107,781Net Assets 2015: $1,705,4402015Assets 2016: $1,858,078Liabilities 2016: $45,385Net Assets 2016: $1,812,6932016Assets 2017: $1,954,611Liabilities 2017: $125,790Net Assets 2017: $1,828,8212017Assets 2018: $1,926,374Liabilities 2018: $106,049Net Assets 2018: $1,820,3252018Assets 2019: $1,871,283Liabilities 2019: $115,298Net Assets 2019: $1,755,9852019Assets 2020: $1,959,748Liabilities 2020: $238,658Net Assets 2020: $1,721,0902020Assets 2021: $1,892,674Liabilities 2021: $48,207Net Assets 2021: $1,844,4672021Assets 2022: $1,880,922Liabilities 2022: $60,816Net Assets 2022: $1,820,1062022Assets 2023: $1,850,045Liabilities 2023: $7,421Net Assets 2023: $1,842,6242023Assets 2024: $1,928,112Liabilities 2024: $233,394Net Assets 2024: $1,694,7182024

Highlighted filing

2013

Assets$1,265,710
Liabilities$26,884
Net Assets$1,238,826

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,159,6022010Revenue 2011: $1,243,983Expenses 2011: $1,187,471Net Income 2011: $56,5122011Revenue 2012: $1,097,216Expenses 2012: $1,261,602Net Income 2012: -$164,3862012Revenue 2013: $856,970Expenses 2013: $835,114Net Income 2013: $21,8562013Revenue 2014: $852,622Expenses 2014: $681,778Net Income 2014: $170,8442014Revenue 2015: $721,028Expenses 2015: $685,194Net Income 2015: $35,8342015Revenue 2016: $789,603Expenses 2016: $687,333Net Income 2016: $102,2702016Revenue 2017: $877,666Expenses 2017: $870,644Net Income 2017: $7,0222017Revenue 2018: $979,862Expenses 2018: $957,845Net Income 2018: $22,0172018Revenue 2019: $902,120Expenses 2019: $920,568Net Income 2019: -$18,4482019Revenue 2020: $861,518Expenses 2020: $857,687Net Income 2020: $3,8312020Revenue 2021: $904,516Expenses 2021: $750,816Net Income 2021: $153,7002021Revenue 2022: $769,376Expenses 2022: $789,287Net Income 2022: -$19,9112022Revenue 2023: $899,100Expenses 2023: $876,582Net Income 2023: $22,5182023Revenue 2024: $905,868Expenses 2024: $971,384Net Income 2024: -$65,5162024

Highlighted filing

2013

Revenue$856,970
Expenses$835,114
Net Income$21,856
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 13, 2014
Return Version
2013v3.1
Gross Receipts
$939,088
Mission and Program Overview

Mission

The mission of the durango education center, as a caring learning community, is to fill educational gaps by equipping adults, children, and families with the skills and knowledge necessary for 21st century careers, post-secondary education, and social and economic mobility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$1,135,484$1,139,816▲ $4,332
Cash and Non-Interest-Bearing Accounts$6,179$73,073▲ $66,894
Pledges and Grants Receivable-$16,250-
Accounts Receivable$45,727$14,456▼ $31,271
Land, Buildings, and Equipment, Net$83,217$11,232▼ $71,985
Prepaid Expenses and Deferred Charges$8,401$10,883▲ $2,482
Savings and Temporary Cash Investments$491--
Total Assets$1,320,452$1,265,710▼ $54,742
Other Assets Total$40,953--
Liabilities
Mortgage Notes Payable Secured by Investment Property$81,449--
Accounts Payable and Accrued Expenses$16,365$18,779▲ $2,414
Escrow Account Liability$10,000$7,655▼ $2,345
Other Liabilities-$450-
Total Liabilities$107,814$26,884▼ $80,930
Net Assets / Fund Balance
Unrestricted Net Assets$1,160,262$1,212,225▲ $51,963
Temporarily Rstr Net Assets$52,376$26,601▼ $25,775
Total Net Assets Fund Balance$1,212,638$1,238,826▲ $26,188
Total Liabilities and Net Assets / Fund Balance$1,320,452$1,265,710▼ $54,742

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,368$86,077$91,445
Leasehold Improvements$5,864$6,778$12,642
Investment Program Related Org$155,700--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$89,272$65,367-$85,592$32,151
2012$180,233$259,044▲ $1,915$343,737$89,272
2011$157,333$264,783-$241,883$180,233
2010$273,770$237,794-$354,231$157,333
2009$401,472$106,983-$234,685$273,770
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Teresa W MaloneExecutive DiFT$56,533$3,539$60,072
Paulette ChurchExec Director (prFT$9,616$57$9,673

Board Members and Trustees

NameTitle
Lon ErwinPresident
Chessa GillDirector
Dean BrookieDirector
Jyl DunushbekovaDirector
Marissa Rocha AtamasDirector
Mary BarterDirector
Terry SwanDirector
Tim GuillDirector
Helen JamesDirector, Ex
Joe ColganAssistant Tr
Connie JacobsPast Preside
Victoria Romero CoeSecretary
Paul LemonTreasurer
Sandra Berman-lafranceVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$363,368
Program Service Revenue
$526,339
Investment Income
$-36,707
Other Revenue
$3,970
All Other Contributions
$287,713
Change in Net Assets
$21,856

Audited Revenue Reconciliation

Revenue per Audited Statements
$856,970
Revenue Not Reported on Form 990
$48,625
Total Revenue per Audited Statements
$905,595
Total Revenue per Form 990
$856,970
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$532,147
Other Expenses$297,622
Total Fundraising Expense$27,271
Grants and Similar Amounts Paid$5,345
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$340,214$56,159$4,757$401,130
Occupancy$84,372$10,088$4,891$99,351
Current Officers, Directors, Trustees, and Key Employees$50,217$9,764$9,764$69,745
Payroll Taxes$35,099$5,921$1,269$42,289
Depreciation Depletion$30,890$976$650$32,516
Travel$25,195$4,249$911$30,355
Fees for Services Other$24,243$5,455$606$30,304
Information Technology$19,950$3,365$721$24,036
Other Employee Benefits$16,151$2,658$174$18,983
Fees for Services Accounting-$8,629-$8,629
All Other Expenses$3,257$2,583$2,719$8,559
Insurance$6,826$803$402$8,031
Advertising$5,426$915$196$6,537
Other Expenses$4,753$801$172$5,726
Grants to Domestic Individuals$5,345--$5,345
Office Expenses$1,727$196$39$1,962
Interest-$1,665-$1,665
Total Functional Expenses$693,616$114,227$27,271$835,114

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$879,407
Expenses per Audited Statements$835,114
Total Expenses per Form 990$835,114
Expenses Not Reported on Form 990$44,293
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,023
Fundraising Direct Expenses$5,753
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$44,815---
Event 2$11,471$6,023$4,626$1,397
Total Events$56,286$6,023$5,753$270
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Southwest Institute for Ed Conser50% SUBSIDIARYRent/utiltiesYes$94,341
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$450
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, Page 6, Part VI, Line 11B

The board treasurer and executive director review the form 990. Questions and corrections are made with the preparer. The final form 990 then is presented as as part of the financial report sent to board members prior to the next board meeting.

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

At the beginning of each board meeting, each director is asked to disclose potential conflicts of interest and prior to votes for which a conflict might exist. Those directors abstain from voting on the issue.

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

The board of directors reviews and approves the executive director's annual salary, with no participation by the executive director or other interested persons. The executive director's salary is established using comparable data for similarly qualified persons in functionally comparable positions at similar nonprofits, consideration of roles and responsibilities of the executive director, and cost of living data. Comparable market data is obtained from salary surveys and form 990s filed by comparable not-for-profit organizations. Discussions and decisions regarding the compensation are documented in board of directors' meeting minutes. The executive director also receives reimbursements for routine, reasonable, and documented expenses incurred during the year under an accountable plan. The organization has a travel policy that caps reimbursement levels and requires low-budget travel.

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

A line item budget is approved by the board of directors annually. The board approves the overall salaries and benefits expenses. Discussions and decisions regarding the budget are documented in board meeting minutes. The executive director reviews and approves the salaries of other officers or key employees, with no participation by the interested persons, in accordance with the annual budget. The executive director establishes salaries using comparable data for similarly qualified persons in functionally comparable positions at similar nonprofits; consideration of roles and responsibilities of the officer or key employee; and cost of living data. Comparable market data is obtained from salary surveys and form 990s filed by comparable not-for-profit organizations.

Form 990, Page 6, Part VI, Line 19

We consider requests on a case-by-case basis.

Filing and Contact Details

Filer

EIN
84-1118878
Phone
9703854354

Signing Officer

Name
Teresa Malone
Title
Executive Director
Phone
9703854354
Signed
2014-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Teresa Malone
Formed
1990
Legal Domicile
Co
Voting Board Members
13
Independent Board Members
13
Employees
46
Volunteers
40

Preparer

Preparer
Ken Roth
Phone
3038308109
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the durango education center, as a caring learning community, is to fill educational gaps by equipping adults, children, and families with the skills and knowledge necessary for 21st century careers, post-secondary education, and social and economic mobility.

Form 990, Page 1, Part I, Line 6

Volunteers serve in various capacities including teaching classes, assisting with fund-raising events, and serving on the board of directors.

Form 990, Part XI, Line 9

Investment in siec -5,568 investment in tcllllc 9,900

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 1B

The organization holds scholarship funds for an unrelated entity. The agreement provides for the unrelated entity to determine the beneficiaries of the scholarship funds; to determine the amounts paid to beneficiaries; and to determine the timing of the payments. In addition, the agreement indicates any unexpended funds may be refunded to the unrelated entity.

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

The organization holds scholarship funds for an unrelated entity. The agreement provides for the unrelated entity to determine the beneficiaries of the scholarship funds; to determine the amounts paid to beneficiaries; and to determine the timing of the payments. In addition, the agreement indicates any unexpended funds may be refunded to the unrelated entity.

Schedule D, Page 2, Part V, Line 4

Board-designated funds held as of december 31, 2013 are intended to serve as an emergency reserve. Temporarily restricted funds held as of december 31, 2013 will be expended in the future on donor-specified programs.

Schedule D, Page 3, Part X

The organization has received an internal revenue service exemption from federal income taxes under section 501(c)(3) and is recognized as a public charity. In addition, the organization is recognized as a school under sections 509(a)(1) and 170(b)(1)(a)(ii) of the internal revenue code. Accordingly, no provision or liability for income taxes has been provided in the accompanying financial statements. The organization's federal return of organization exempt from income tax (form 990) is subject to examination by the irs, generally for three years after filing.

Schedule D, Page 4, Part XI, Line 2D

Investment in siec -5,568 investment in tcllllc 9,900

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IRS990/Desc0THE DURANGO EDUCATION CENTER PROVIDES CRITICAL EDUCATION SERVICES TO THOSE MOST IN NEED THROUGH SEVERAL UNDUPLICATED PROGRAMS: --ADULT BASIC EDUCATION INSTRUCTION AND GENERAL EDUCATION DEVELOPMENT (GED) TEST PREPARATION FOR HIGH SCHOOL DIPLOMA EQUIVALENCY; --ENGLISH FOR SPEAKERS OF OTHER LANGUAGES (ESOL) CLASSES IN ENGLISH AND CIVICS; --LITERACY AND POSITIVE DEVELOPMENT FOR YOUTH; --COMPUTER TRAINING TO IMPROVE WORK SKILLS AND EMPLOYABILITY; AND --LICENSED INFANT AND TODDLER CHILDCARE WHILE THEIR PARENTS ARE IN CLASS AT BOTH THE DURANGO EDUCATION CENTER AND SOUTHWEST COLORADO COMMUNITY COLLEGE. IN 2013, WE SERVED 709 INDIVIDUALS, AND THE CENTER HAD 98 GED GRADUATES.
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IRS990/Form990PartVIISectionAGrp/PersonNm13CHESSA GILL
IRS990/Form990PartVIISectionAGrp/PersonNm14TERESA W MALONE
IRS990/Form990PartVIISectionAGrp/PersonNm15PAULETTE CHURCH
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3ASSISTANT TR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR, EX
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXEC DIR (PR
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IRS990/MissionDesc0THE MISSION OF THE DURANGO EDUCATION CENTER, AS A CARING LEARNING COMMUNITY, IS TO FILL EDUCATIONAL GAPS BY EQUIPPING ADULTS, CHILDREN, AND FAMILIES WITH THE SKILLS AND KNOWLEDGE NECESSARY FOR 21ST CENTURY CAREERS, POST-SECONDARY EDUCATION, AND SOCIAL AND ECONOMIC MOBILITY.
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016151
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IRS990/OtherExpensesGrp/Desc0BOOKS AND MATERIALS
IRS990/OtherExpensesGrp/Desc1AMERICORPS COST SHARE
IRS990/OtherExpensesGrp/Desc2REFUND OF GRANT
IRS990/OtherExpensesGrp/Desc3EQUIPMENT
IRS990/OtherExpensesGrp/FundraisingAmt0172
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0801
IRS990/OtherExpensesGrp/ProgramServicesAmt020125
IRS990/OtherExpensesGrp/ProgramServicesAmt111476
IRS990/OtherExpensesGrp/ProgramServicesAmt28350
IRS990/OtherExpensesGrp/ProgramServicesAmt34753
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IRS990/OtherExpensesGrp/TotalAmt111476
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IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt137399
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$0.23$1.69$0.91$0.97$0.07
2023Summary only. Only limited summary data is available for this year.$1.85$0.01$1.84$0.90$0.88$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.88$0.06$1.82$0.77$0.79$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.89$0.05$1.84$0.90$0.75$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.24$1.72$0.86$0.86$0.00
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$0.12$1.76$0.90$0.92$0.02
2018Summary only. Only limited summary data is available for this year.$1.93$0.11$1.82$0.98$0.96$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$0.13$1.83$0.88$0.87$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.86$0.05$1.81$0.79$0.69$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.81$0.11$1.71$0.72$0.69$0.04
2014Summary only. Only limited summary data is available for this year.$1.45$0.04$1.40$0.85$0.68$0.17
2013Detailed filing. Detailed filing data is available for this year.$1.27$0.03$1.24$0.86$0.84$0.02
2012Summary only. Only limited summary data is available for this year.$1.32$0.11$1.21$1.10$1.26$0.16
2011Summary only. Only limited summary data is available for this year.$1.39$0.01$1.37$1.24$1.19$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.11$1.26$1.16
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)3 • $1M-$5M nonprofits