Civic Intelligence

Logan School for Creative Learning Inc.

990 • Fiscal year 2017 • EIN 84-1121354

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 21, 2018

1005 Yosemite StreetDenver, CO 80230

(303) 340-2444

Siviq Scores

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

Liabilities / Assets

28th percentile

0.06x

Higher debt load relative to assets than 28% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

35th percentile

0.13x

Higher debt load relative to revenue than 35% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

60th percentile

6.1%

Higher net margin than 60% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

60th percentile

$205,826

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

46th percentile

3.6%

Faster asset growth than 46% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

39th percentile

1.5%

Faster revenue growth than 39% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$13,637,861

Up $468,602 (+3.6%) from 2016

Net Assets

Up

$12,856,519

Up $573,655 (+4.7%) from 2016

Liabilities

Down

$781,342

Down $105,053 (-12%) from 2016

Revenue

Up

$6,167,388

Up $90,833 (+1.5%) from 2016

Expenses

Up

$5,788,240

Up $162,983 (+2.9%) from 2016

Net Income

Down

$379,148

Down $72,150 (-16%) from 2016

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $11,131,286Liabilities 2011: $756,709Net Assets 2011: $10,374,5772011Assets 2012: $11,626,751Liabilities 2012: $854,132Net Assets 2012: $10,772,6192012Assets 2013: $12,136,421Liabilities 2013: $863,165Net Assets 2013: $11,273,2562013Assets 2014: $12,670,601Liabilities 2014: $857,648Net Assets 2014: $11,812,9532014Assets 2015: $12,777,125Liabilities 2015: $878,644Net Assets 2015: $11,898,4812015Assets 2016: $13,169,259Liabilities 2016: $886,395Net Assets 2016: $12,282,8642016Assets 2017: $13,637,861Liabilities 2017: $781,342Net Assets 2017: $12,856,5192017Assets 2018: $13,927,504Liabilities 2018: $827,544Net Assets 2018: $13,099,9602018Assets 2019: $14,271,871Liabilities 2019: $924,730Net Assets 2019: $13,347,1412019Assets 2020: $15,361,118Liabilities 2020: $1,816,911Net Assets 2020: $13,544,2072020Assets 2021: $16,257,537Liabilities 2021: $1,041,132Net Assets 2021: $15,216,4052021Assets 2022: $15,343,690Liabilities 2022: $1,161,604Net Assets 2022: $14,182,0862022Assets 2023: $14,636,730Liabilities 2023: $1,164,155Net Assets 2023: $13,472,5752023Assets 2024: $14,692,913Liabilities 2024: $1,248,542Net Assets 2024: $13,444,3712024

Highlighted filing

2017

Assets$13,637,861
Liabilities$781,342
Net Assets$12,856,519

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $5,076,351Expenses 2011: $4,518,481Net Income 2011: $557,8702011Revenue 2012: $5,217,225Expenses 2012: $4,795,531Net Income 2012: $421,6942012Revenue 2013: $5,460,827Expenses 2013: $5,024,066Net Income 2013: $436,7612013Revenue 2014: $5,550,789Expenses 2014: $5,256,808Net Income 2014: $293,9812014Revenue 2015: $5,623,437Expenses 2015: $5,482,115Net Income 2015: $141,3222015Revenue 2016: $6,076,555Expenses 2016: $5,625,257Net Income 2016: $451,2982016Revenue 2017: $6,167,388Expenses 2017: $5,788,240Net Income 2017: $379,1482017Revenue 2018: $6,272,120Expenses 2018: $6,081,836Net Income 2018: $190,2842018Revenue 2019: $6,503,074Expenses 2019: $6,392,888Net Income 2019: $110,1862019Revenue 2020: $6,592,614Expenses 2020: $6,353,002Net Income 2020: $239,6122020Revenue 2021: $7,676,002Expenses 2021: $6,673,944Net Income 2021: $1,002,0582021Revenue 2022: $7,097,890Expenses 2022: $7,380,965Net Income 2022: -$283,0752022Revenue 2023: $7,326,711Expenses 2023: $8,111,360Net Income 2023: -$784,6492023Revenue 2024: $8,028,489Expenses 2024: $8,404,136Net Income 2024: -$375,6472024

Highlighted filing

2017

Revenue$6,167,388
Expenses$5,788,240
Net Income$379,148
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 21, 2018
Return Version
2016v3.0
Gross Receipts
$6,226,820
Mission and Program Overview

Mission

The mission of the logan school for creative learning is to cultivate the curiosities of gifted children.

The mission of the logan school for creative learning, a k-8 school, is to provide an experience-based educational opportunity for gifted children, of all backgrounds that allows each child to develop individually to his or her full potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,999,032$7,003,517▲ $4,485
Investments in Publicly Traded Securities$4,087,857$4,002,835▼ $85,022
Cash and Non-Interest-Bearing Accounts$1,950,834$2,344,107▲ $393,273
Pledges and Grants Receivable$21,213$175,293▲ $154,080
Receivables From Officers Etc$54,459$48,835▼ $5,624
Accounts Receivable$27,094$33,394▲ $6,300
Prepaid Expenses and Deferred Charges$21,231$23,170▲ $1,939
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$13,169,259$13,637,861▲ $468,602
Other Assets Total$7,539$6,710▼ $829
Liabilities
Deferred Revenue$581,567$491,710▼ $89,857
Accounts Payable and Accrued Expenses$275,299$245,670▼ $29,629
Mortgage Notes Payable Secured by Investment Property$29,529$43,962▲ $14,433
Total Liabilities$886,395$781,342▼ $105,053
Net Assets / Fund Balance
Temporarily Rstr Net Assets$6,040,947$5,985,364▼ $55,583
Unrestricted Net Assets$4,338,699$4,701,030▲ $362,331
Permanently Rstr Net Assets$1,903,218$2,170,125▲ $266,907
Total Net Assets Fund Balance$12,282,864$12,856,519▲ $573,655
Total Liabilities and Net Assets / Fund Balance$13,169,259$13,637,861▲ $468,602

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$5,381,451$2,068,162$7,449,613
Buildings$1,312,513$1,071,043$2,383,556
Equipment$271,070$364,441$635,511
Other Land Buildings$38,483$115,512$153,995

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$2,422,449$114,813▲ $285,219$60,000$2,762,481
2015$2,297,048$129,640▼ $4,239-$2,422,449
2014$2,276,313$72,030▼ $11,295$40,000$2,297,048
2013$1,858,340$157,501▲ $290,472$30,000$2,276,313
2012$1,544,696$188,291▲ $150,353$25,000$1,858,340
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Markus HuntHead of SchoolFT$201,075$10,706$211,781
Keryn EngelhardDirector of FinFT$107,868$12,928$120,796

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$642,835
Program Service Revenue
$5,323,297
Investment Income
$111,345
Other Revenue
$89,911
All Other Contributions
$580,892
Change in Net Assets
$379,148

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
Securities Publicly Traded3$19,737Fair Market Value (FMV)
Other Non Cash Contri Table1$2,750Fair Market Value (FMV)
Other Non Cash Contri Table18$2,049Fair Market Value (FMV)
Other Non Cash Contri Table1$2,000Fair Market Value (FMV)
Total Noncash Contributions23$26,536-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,656,759
Revenue Not Reported on Financial Statements
$510,629
Revenue Not Reported on Form 990
$195,580
Other Revenue Adjustments
$510,629
Total Revenue per Audited Statements
$5,852,339
Total Revenue per Form 990
$6,167,388
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,745,100
Other Expenses$1,540,744
Grants and Similar Amounts Paid$502,396
Total Fundraising Expense$244,567
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,143,577$490,867$125,121$2,759,565
Grants to Domestic Individuals$502,396--$502,396
Depreciation Depletion$355,199$7,173-$362,372
Current Officers, Directors, Trustees, and Key Employees-$271,582$63,534$335,116
Occupancy$325,793$6,649-$332,442
Other Employee Benefits$253,039$45,335$12,348$310,722
Office Expenses$258,122$22,635$11,437$292,194
Payroll Taxes$163,178$51,705$14,182$229,065
Pension Plan Contributions$83,135$23,846$3,651$110,632
Insurance$78,573$1,071-$79,644
Fees for Services Accounting-$64,296-$64,296
Fees for Services Other$36,824$9,106-$45,930
Conferences and Meetings$26,442$3,509-$29,951
All Other Expenses$11,985$1,112$14,294$27,391
Information Technology$21,603$441-$22,044
Travel$14,415$3,797-$18,212
Other Expenses$5,991$6,508-$6,508
Advertising-$5,163-$5,163
Interest$818$818-$1,636
Total Functional Expenses$4,491,197$1,052,476$244,567$5,788,240

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,788,240
Expenses per Audited Statements$5,285,844
Total Expenses per Audited Statements$5,278,684
Expenses Not Reported on Financial Statements$502,396
Other Expense Adjustments$502,396
Expenses Not Reported on Form 990$-7,160
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$119,898
Fundraising Direct Expenses$38,467
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$163,526$101,583$17,963$83,620
Logo Sales, Pals, Other$8,367$8,367-$8,367
Total Events$178,075$116,132$38,467$77,665
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 Officers, Directors, Trustees, and Key Employees$54,459$48,835▼ $5,624
Receivables from Disqualified Persons-$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 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 6: Explanation of Classes of Members or Shareholder

Members are comprised of parents of enrolled children and paid employees of the logan school. Members are granted specific rights in accordance with the bylaws. These rights include the right to vote upon and approve changes to the bylaws, to elect parent, faculty and community members to the board of trustees, to attend open meetings of the board of trustees, and to advise the board on tuition changes greater than 5%.

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

Tax return was presented to the board for approval at the march 2018 meeting. The tax return was approved by the board.

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

The school monitors and enforces the policy by revisiting the conflict of interest policy at various times during the year to make sure that no new conflicts have arisen since the original document was signed in august. If a conflict should arise the board would decide if that person needs to resign his/her position or if he/she could continue his/her tenure but not have voting rights or input on any decisions that might be related to the conflict. In addition, board members are instructed to proactively notify the board chair of any conflict or potential conflict that might have arisen.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation for all key employees and officers is determined at hiring and is re-evaluated annually by looking at comparison data compiled by acis (association of colorado independent schools) and nais (national association of independent schools). The head of school compensation is then approved by the executive committee of the board of trustees.

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

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
The Logan School For Creative Learning
EIN
84-1121354
Phone
3033402444
Address
1005 Yosemite Street, Denver, CO 80230

Signing Officer

Name
Jason Sindler
Title
Treasurer
Signed
2018-03-21
Discuss with paid preparer
Yes

Organization Details

Formed
1989
Legal Domicile
Co
Voting Board Members
15
Independent Board Members
15
Employees
130
Volunteers
50

Preparer

Firm
Sherrie Nichols & Associates PC
Address
621 17th Street Suite 1720, Denver, CO 80293
Preparer
Sherrie A Nichols
Phone
3036280015
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

All contributions are permanently restricted and can be used only to generate income for the benefit of the school. The income is temporarily restricted until the trustees approve the release of the funds to the school for the appropriate purposes.

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

Financial aid $502396 gain on sale of assets $8233

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

Financial aid awards $502396

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5PALS CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt15HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF FIN
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01989
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
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IRS990/FundraisingActivitiesInd0true
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IRS990/FundraisingDirectExpensesAmt038467
IRS990/FundraisingGrossIncomeAmt0119898
IRS990/GainOrLossGrp/OtherAmt08233
IRS990/GainOrLossGrp/SecuritiesAmt088
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IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0502396
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt019686
IRS990/GrossReceiptsAmt06226820
IRS990/GrossRentsGrp/RealAmt08480
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IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
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IRS990/InformationTechnologyGrp/ProgramServicesAmt021603
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IRS990/InsuranceGrp/ProgramServicesAmt078573
IRS990/InsuranceGrp/TotalAmt079644
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IRS990/InterestGrp/ProgramServicesAmt0818
IRS990/InterestGrp/TotalAmt01636
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
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IRS990/InvestmentsPubTradedSecGrp/BOYAmt04087857
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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE MISSION OF THE LOGAN SCHOOL FOR CREATIVE LEARNING, A K-8 SCHOOL, IS TO PROVIDE AN EXPERIENCE-BASED EDUCATIONAL OPPORTUNITY FOR GIFTED CHILDREN, OF ALL BACKGROUNDS THAT ALLOWS EACH CHILD TO DEVELOP INDIVIDUALLY TO HIS OR HER FULL POTENTIAL.
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt043962
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt081431
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt08480
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IRS990/NoncashContributionsAmt026536
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt022635
IRS990/OfficeExpensesGrp/ProgramServicesAmt0258122
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt06710
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt045335
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0253039
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0310722
IRS990/OtherExpensesGrp/Desc0FIELD TRIP EXPENSES
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2Printing and Publications
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26508
IRS990/OtherExpensesGrp/ProgramServicesAmt0210107
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02143577
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt051705
IRS990/PayrollTaxesGrp/ProgramServicesAmt0163178
IRS990/PayrollTaxesGrp/TotalAmt0229065
IRS990/PensionPlanContributionsGrp/FundraisingAmt03651
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt023846
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt083135
IRS990/PensionPlanContributionsGrp/TotalAmt0110632
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01903218
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02170125
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0175293
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021231
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023170
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND PROGRAM FEES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05323297
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0564819
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0461420
IRS990/PYInvestmentIncomeAmt0101933
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01575028
IRS990/PYOtherRevenueAmt0131308
IRS990/PYProgramServiceRevenueAmt05278495
IRS990/PYRevenuesLessExpensesAmt0451298

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.7$1.25$13.4$8.03$8.40$0.38
2023Detailed filing. Detailed filing data is available for this year.$14.6$1.16$13.5$7.33$8.11$0.78
2022Detailed filing. Detailed filing data is available for this year.$15.3$1.16$14.2$7.10$7.38$0.28
2021Detailed filing. Detailed filing data is available for this year.$16.3$1.04$15.2$7.68$6.67$1.00
2020Detailed filing. Detailed filing data is available for this year.$15.4$1.82$13.5$6.59$6.35$0.24
2019Detailed filing. Detailed filing data is available for this year.$14.3$0.92$13.3$6.50$6.39$0.11
2018Detailed filing. Detailed filing data is available for this year.$13.9$0.83$13.1$6.27$6.08$0.19
2017Detailed filing. Detailed filing data is available for this year.$13.6$0.78$12.9$6.17$5.79$0.38
2016Detailed filing. Detailed filing data is available for this year.$13.2$0.89$12.3$6.08$5.63$0.45
2015Summary only. Only limited summary data is available for this year.$12.8$0.88$11.9$5.62$5.48$0.14
2014Summary only. Only limited summary data is available for this year.$12.7$0.86$11.8$5.55$5.26$0.29
2013Summary only. Only limited summary data is available for this year.$12.1$0.86$11.3$5.46$5.02$0.44
2012Summary only. Only limited summary data is available for this year.$11.6$0.85$10.8$5.22$4.80$0.42
2011Summary only. Only limited summary data is available for this year.$11.1$0.76$10.4$5.08$4.52$0.56