Civic Intelligence

Durango Education Centerinc

990 • Fiscal year 2019 • EIN 84-1118878

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 12, 2020

701 Camino Del Rio Ste 301Durango, CO 81301

(970) 385-4354

Siviq Scores

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

Liabilities / Assets

46th percentile

0.06x

Higher debt load relative to assets than 46% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

58th percentile

0.13x

Higher debt load relative to revenue than 58% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

33rd percentile

-2.0%

Higher net margin than 33% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

41st percentile

$35,000

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

27th percentile

-2.9%

Faster asset growth than 27% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

25th percentile

-7.9%

Faster revenue growth than 25% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,871,283

Down $55,091 (-2.9%) from 2018

Net Assets

Down

$1,755,985

Down $64,340 (-3.5%) from 2018

Liabilities

Up

$115,298

Up $9,249 (+8.7%) from 2018

Revenue

Down

$902,120

Down $77,742 (-7.9%) from 2018

Expenses

Down

$920,568

Down $37,277 (-3.9%) from 2018

Net Income

Down

-$18,448

Down $40,465 (-184%) from 2018

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

2019

Assets$1,871,283
Liabilities$115,298
Net Assets$1,755,985

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

2019

Revenue$902,120
Expenses$920,568
Net Income-$18,448
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 12, 2020
Return Version
2019v5.0
Gross Receipts
$903,472
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.

To fill educational gaps by providing the skills and knowledge necessary for livable wage careers, post-secondary education, and social and economic mobility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,358,435$1,312,543▼ $45,892
Cash and Non-Interest-Bearing Accounts$294,447$288,609▼ $5,838
Savings and Temporary Cash Investments$182,053$182,324▲ $271
Pledges and Grants Receivable$62,217$64,657▲ $2,440
Land, Buildings, and Equipment, Net$18,760$12,480▼ $6,280
Prepaid Expenses and Deferred Charges$7,363$9,383▲ $2,020
Accounts Receivable$3,099$1,287▼ $1,812
Total Assets$1,926,374$1,871,283▼ $55,091
Liabilities
Accounts Payable and Accrued Expenses$50,999$59,973▲ $8,974
Deferred Revenue$53,556$53,556→ $0
Escrow Account Liability$1,494$1,769▲ $275
Total Liabilities$106,049$115,298▲ $9,249
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,753,376$1,700,033▼ $53,343
Net Assets With Donor Restrictions$66,949$55,952▼ $10,997
Total Net Assets Fund Balance$1,820,325$1,755,985▼ $64,340
Total Liabilities and Net Assets / Fund Balance$1,926,374$1,871,283▼ $55,091

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,795$71,877$79,672
Leasehold Improvements$4,685$18,888$23,573
Closely Held Equity Interests$1,312,543--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$249,002$167,089▲ $271$-176,603$238,276
2018$229,910$169,218▲ $179$-149,605$249,002
2017$219,069$152,192▲ $182$-131,432$229,910
2016$111,863$276,094▲ $129$-166,317$219,069
2015$133,869$184,097▲ $28$-203,631$111,863
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth HelveyExec Director - PFT$35,000-$35,000
Susan HakansonExec Director - CFT$21,666$1,425$23,091

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$879,042
Program Service Revenue
$18,820
Investment Income
$391
Other Revenue
$3,867
All Other Contributions
$348,453
Change in Net Assets
$-18,448

Audited Revenue Reconciliation

Revenue per Audited Statements
$902,120
Revenue Not Reported on Form 990
$14,122
Total Revenue per Audited Statements
$916,242
Total Revenue per Form 990
$902,120
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$647,490
Other Expenses$220,507
Grants and Similar Amounts Paid$52,571
Total Fundraising Expense$18,890
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$426,952$50,615$3,691$481,258
Occupancy$72,425$7,406$2,469$82,300
Other Employee Benefits$49,843$7,654$1,058$58,555
Current Officers, Directors, Trustees, and Key Employees$31,423$19,459$7,209$58,091
Grants to Domestic Individuals$52,571--$52,571
Payroll Taxes$42,148$6,446$992$49,586
Fees for Services Other$28,773$6,474$719$35,966
Information Technology$24,432$2,499$833$27,764
Office Expenses$8,966$2,259$1,235$12,460
Fees for Services Accounting-$8,825-$8,825
Advertising$7,402$757$252$8,411
Depreciation Depletion$5,966$188$126$6,280
Insurance-$4,449-$4,449
Travel$2,976$305$101$3,382
Other Expenses$53$50$2$105
Total Functional Expenses$783,519$118,159$18,890$920,568

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$934,690
Expenses per Audited Statements$920,568
Total Expenses per Form 990$920,568
Expenses Not Reported on Form 990$14,122
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$5,139
Fundraising Direct Expenses$1,352
Professional Fundraising Fees$0
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$65,642
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
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

Filer Name
Durango Education Center
EIN
84-1118878
Phone
9703854354
Address
701 CAMINO DEL RIO STE 301, DURANGO, CO 81301
Doing Business As
Durango Adult Education Center

Signing Officer

Name
Allison Aichele
Title
Treasurer
Phone
9703854354
Signed
2020-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Allison Aichele
Formed
1990
Legal Domicile
Co
Voting Board Members
13
Independent Board Members
13
Employees
39
Volunteers
22

Preparer

Firm
Taylor Roth and Company
Address
800 GRANT ST STE 205, DENVER, CO 80203-2944
Preparer
Ken Roth
Phone
3038308109
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of durango education center, as a caring learning community, is to fill educational gaps by providing the skills and knowledge necessary for livable wage careers, post-secondary education, and social and economic mobility.

Form 990, Page 1, Part I, Line 6

Trained volunteers serve as tutors for students. The board of directors serve on volunteer basis.

Form 990, Part XI, Line 9

Gain(loss) in siec -45,892

Financial Statement Notes

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

The board-designated balance is an operating reserve fund. The donor-restricted balance includes a variety of revenue sources, and each is restricted for expenditure for specific purposes or time period.

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.

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IRS990/Desc0DURANGO EDUCATION CENTER PROVIDES ESSENTIAL EDUCATION SERVICES TO THOSE MOST IN NEED THROUGH: 1) ADULT BASIC LITERACY INSTRUCTION AND HIGH SCHOOL EQUIVALENCY DIPLOMA PREPARATION AND TESTING; 2) ENGLISH AS A SECOND LANGUAGE CLASSES AND CITIZENSHIP PREPARATION; 3) COMMUNITY EDUCATION AND INDUSTRY CERTIFICATION TESTING TO IMPROVE WORK SKILLS AND EMPLOYABILITY; AND 4) CAREER TRANSITION AND SUPPORT ACTIVITIES LEADING TO SELF- SUFFICIENCY. IN 2019, WE SERVED OVER 430 STUDENTS IN OUR ADULT LITERACY PROGRAMS, HELPED 38 STUDENTS EARN A HIGH SCHOOL EQUIVALENCY DIPLOMA (GED), PROVIDED CHILDCARE TO 25 CHILDREN WHILE THEIR PARENTS ATTENDED CLASSES, AND ADMINISTERED 520 INDUSTRY CERTIFICATION EXAMS.
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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
2019Detailed filing. Detailed filing data is available for this year.$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. 2019 filings • 501(c)3 • $1M-$5M nonprofits