Civic Intelligence

Globe Charter School

990 • Fiscal year 2023 • EIN 84-1301281

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 03, 2024

5759 N Academy BlvdColorado Springs, CO 80918

(719) 630-0577

Siviq Scores

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

Liabilities / Assets

96th percentile

1.30x

Higher debt load relative to assets than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

95th percentile

3.07x

Higher debt load relative to revenue than 95% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

34th percentile

-2.5%

Higher net margin than 34% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

11th percentile

-13%

Faster asset growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

19th percentile

-17%

Faster revenue growth than 19% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$3,244,961

Down $469,290 (-13%) from 2022

Net Assets

Down

-$960,506

Down $34,780 (-3.8%) from 2022

Liabilities

Down

$4,205,467

Down $434,510 (-9.4%) from 2022

Revenue

Down

$1,369,321

Down $277,510 (-17%) from 2022

Expenses

Up

$1,404,101

Up $121,022 (+9.4%) from 2022

Net Income

Down

-$34,780

Down $398,532 (-110%) from 2022

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2011: $124,841Liabilities 2011: $65,292Net Assets 2011: $59,5492011Assets 2012: $251,211Liabilities 2012: $99,034Net Assets 2012: $152,1772012Assets 2013: $268,791Liabilities 2013: $72,135Net Assets 2013: $196,6562013Assets 2014: $301,529Liabilities 2014: $93,444Net Assets 2014: $208,0852014Assets 2015: $450,438Liabilities 2015: $2,191,889Net Assets 2015: -$1,741,4512015Assets 2016: $843,022Liabilities 2016: $2,567,813Net Assets 2016: -$1,724,7912016Assets 2017: $2,507,517Liabilities 2017: $5,022,035Net Assets 2017: -$2,514,5182017Assets 2018: $2,174,932Liabilities 2018: $5,648,607Net Assets 2018: -$3,473,6752018Assets 2019: $1,492,003Liabilities 2019: $4,144,804Net Assets 2019: -$2,652,8012019Assets 2020: $1,832,183Liabilities 2020: $3,637,655Net Assets 2020: -$1,805,4722020Assets 2021: $1,791,801Liabilities 2021: $3,081,279Net Assets 2021: -$1,289,4782021Assets 2022: $3,714,251Liabilities 2022: $4,639,977Net Assets 2022: -$925,7262022Assets 2023: $3,244,961Liabilities 2023: $4,205,467Net Assets 2023: -$960,5062023Assets 2024: $1,049,674Liabilities 2024: $1,880,986Net Assets 2024: -$831,3122024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2023

Assets$3,244,961
Liabilities$4,205,467
Net Assets-$960,506

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,203,172Expenses 2011: $1,193,640Net Income 2011: $9,5322011Revenue 2012: $1,279,961Expenses 2012: $1,142,939Net Income 2012: $137,0222012Revenue 2013: $1,186,925Expenses 2013: $1,142,446Net Income 2013: $44,4792013Revenue 2014: $1,196,787Expenses 2014: $1,185,358Net Income 2014: $11,4292014Revenue 2015: $1,312,504Expenses 2015: $1,264,781Net Income 2015: $47,7232015Revenue 2016: $1,518,584Expenses 2016: $1,501,924Net Income 2016: $16,6602016Revenue 2017: $1,512,443Expenses 2017: $2,302,170Net Income 2017: -$789,7272017Revenue 2018: $1,581,612Expenses 2018: $2,424,058Net Income 2018: -$842,4462018Revenue 2019: $1,630,425Expenses 2019: $809,551Net Income 2019: $820,8742019Revenue 2020: $2,127,110Expenses 2020: $1,279,781Net Income 2020: $847,3292020Revenue 2021: $1,777,936Expenses 2021: $1,261,942Net Income 2021: $515,9942021Revenue 2022: $1,646,831Expenses 2022: $1,283,079Net Income 2022: $363,7522022Revenue 2023: $1,369,321Expenses 2023: $1,404,101Net Income 2023: -$34,7802023Revenue 2024: $1,388,292Expenses 2024: $1,259,098Net Income 2024: $129,1942024Revenue 2025: $985,352Expenses 2025: $154,040Net Income 2025: $831,3122025

Highlighted filing

2023

Revenue$1,369,321
Expenses$1,404,101
Net Income-$34,780
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 3, 2024
Return Version
2022v5.0
Gross Receipts
$1,369,321
Mission and Program Overview

Mission

To provide a culturally rich interdisciplinary educational program that teaches tolerance and celebrates diversity. Students are supported in acquiring the essential academic skills needed to succeed.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,867,576$2,542,830▼ $324,746
Pledges and Grants Receivable$362,275$274,027▼ $88,248
Cash and Non-Interest-Bearing Accounts$242,819$115,578▼ $127,241
Accounts Receivable$31--
Total Assets$3,714,251$3,244,961▼ $469,290
Other Assets Total$241,550$312,526▲ $70,976
Liabilities
Unsecured Notes Loans Payable$2,368,959$2,152,777▼ $216,182
Other Liabilities$2,187,278$1,983,823▼ $203,455
Accounts Payable and Accrued Expenses$83,740$68,867▼ $14,873
Deferred Revenue-$0-
Total Liabilities$4,639,977$4,205,467▼ $434,510
Net Assets / Fund Balance
Net Assets With Donor Restrictions$37,000$38,500▲ $1,500
Net Assets Without Donor Restrictions$-962,726$-999,006▼ $36,280
Total Net Assets Fund Balance$-925,726$-960,506▼ $34,780
Total Liabilities and Net Assets / Fund Balance$3,714,251$3,244,961▼ $469,290

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,312,303$190,563$2,502,866
Leasehold Improvements$214,039$500,574$714,613
Equipment$16,488$4,497$20,985
Other Assets Org$28,100--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Karl D HeringPresident
Chad WehnerVice President
Jonathan JoubertBoard Member
Robert LudemanBoard Member
Kristina SinghBoard Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$224,572
Program Service Revenue
$1,128,907
Investment Income
$4,282
Other Revenue
$11,560
Change in Net Assets
$-34,780

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,369,321
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,369,321
Total Revenue per Form 990
$1,369,321
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$913,284
Salaries, Compensation, and Employee Benefits$490,817
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$502,831$88,735-$591,566
Depreciation Depletion$276,034$48,712-$324,746
Interest$100,681$17,767-$118,448
Occupancy$87,523$15,445-$102,968
Fees for Services Other-$64,485-$64,485
Fees for Services Accounting-$36,900-$36,900
Other Employee Benefits$27,798$4,905-$32,703
All Other Expenses$21,044$3,273-$24,317
Fees for Services Legal-$17,996-$17,996
Advertising$11,110$1,961-$13,071
Insurance$10,772$1,901-$12,673
Other Expenses$10,119$1,786-$11,905
Travel$4,602$812-$5,414
Information Technology$4,062$717-$4,779
Payroll Taxes$-20,048$-3,538-$-23,586
Pension Plan Contributions$-93,386$-16,480-$-109,866
Total Functional Expenses$1,092,387$311,714$0$1,404,101

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,404,101
Total Expenses per Audited Statements$1,404,101
Total Expenses per Form 990$1,404,101
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liabilities$1,352,221
Deferred Inflows of Resources$585,520
Net OPEB Liability$46,082
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
No
Other officer compensation reviewed
No
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, Section B, line 11B

This form will be emailed and reviewed by all board members.

Form 990, Part VI, Section C, line 19

Documents available upon request.

Filing and Contact Details

Filer

Filer Name
Globe Charter School
EIN
84-1301281
Phone
7196300577
Address
5759 N Academy Blvd, Colorado Springs, CO 80918

Signing Officer

Name
Karl D Hering
Title
Board President
Phone
7196300577
Signed
2024-04-03
Discuss with paid preparer
No

Organization Details

Principal Officer
Karl D Hering
Formed
1995
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
5
Employees
10
Volunteers
0

Preparer

Firm
Hoelting & Company Inc
Address
31 East Platte Avenue Suite 300, Colorado Springs, CO 80903
Preparer
Thomas G Sistare
Phone
7196301091
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1:

To provide a culturally rich interdisciplinary educational program that teaches tolerance and celebrates diversity. Students are supported in acquiring the essential academic skills needed to succeed.

Form 990, Part XII, Line 2C:

The finance committee oversees audit services and selection of independent auditors. This has not changed from the prior year.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-34780
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01140467
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02312303
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0190563
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02502866
IRS990ScheduleD/EquipmentGrp/BookValueAmt016488
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04497
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020985
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01404101
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0214039
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0500574
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0714613
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0284426
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt128100
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt046082
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11352221
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2585520
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Pension Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred Inflows of Resources
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01369321
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02542830
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0312526
IRS990ScheduleD/TotalExpensesPerForm990Amt01404101
IRS990ScheduleD/TotalLiabilityAmt01983823
IRS990ScheduleD/TotalRevenuePerForm990Amt01369321
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01369321
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01404101
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0This policy is available on the website.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The School receives funding from the State Department of Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0To provide a culturally rich interdisciplinary educational program that teaches tolerance and celebrates diversity. Students are supported in acquiring the essential academic skills needed to succeed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1This form will be emailed and reviewed by all board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documents available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The finance committee oversees audit services and selection of independent auditors. This has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03714251
IRS990/TotalAssetsEOYAmt03244961
IRS990/TotalAssetsGrp/BOYAmt03714251
IRS990/TotalAssetsGrp/EOYAmt03244961
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0224572
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0311714
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01092387
IRS990/TotalFunctionalExpensesGrp/TotalAmt01404101
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04639977
IRS990/TotalLiabilitiesEOYAmt04205467
IRS990/TotalLiabilitiesGrp/BOYAmt04639977
IRS990/TotalLiabilitiesGrp/EOYAmt04205467
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-925726
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-960506
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01092387
IRS990/TotalProgramServiceRevenueAmt01128907
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04282
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01140467
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01369321
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03714251
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03244961
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0812
IRS990/TravelGrp/ProgramServicesAmt04602
IRS990/TravelGrp/TotalAmt05414
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt02368959
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt02152777
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05759 N Academy Blvd
IRS990/USAddress/CityNm0Colorado Springs
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080918
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.globecharter.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd00
ReturnHeader/BusinessOfficerGrp/PersonNm0Karl D Hering
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board President
ReturnHeader/BusinessOfficerGrp/PhoneNum07196300577
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Globe Charter School
ReturnHeader/Filer/BusinessNameControlTxt0GLOB

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.99$0.15$0.83
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$1.88$0.83$1.39$1.26$0.13
2023Detailed filing. Detailed filing data is available for this year.$3.24$4.21$0.96$1.37$1.40$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.71$4.64$0.93$1.65$1.28$0.36
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.79$3.08$1.29$1.78$1.26$0.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.83$3.64$1.81$2.13$1.28$0.85
2019Summary only. Only limited summary data is available for this year.$1.49$4.14$2.65$1.63$0.81$0.82
2018Summary only. Only limited summary data is available for this year.$2.17$5.65$3.47$1.58$2.42$0.84
2017Summary only. Only limited summary data is available for this year.$2.51$5.02$2.51$1.51$2.30$0.79
2016Summary only. Only limited summary data is available for this year.$0.84$2.57$1.72$1.52$1.50$0.02
2015Summary only. Only limited summary data is available for this year.$0.45$2.19$1.74$1.31$1.26$0.05
2014Summary only. Only limited summary data is available for this year.$0.30$0.09$0.21$1.20$1.19$0.01
2013Summary only. Only limited summary data is available for this year.$0.27$0.07$0.20$1.19$1.14$0.04
2012Summary only. Only limited summary data is available for this year.$0.25$0.10$0.15$1.28$1.14$0.14
2011Summary only. Only limited summary data is available for this year.$0.12$0.07$0.06$1.20$1.19$0.01