Civic Intelligence

Castle Rock Lifelong Learning Center

EIN 84-1456891 • 501(c)3 • Castle Rock, CO

Profile

Academy charter school (the "school") was formed in 1993 pursuant to the colorado charter schools act to form and operate a charter school.

1551 Prairie Hawk DriveCastle Rock, CO 80106

www.academycharter.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.89x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

87th percentile

1.67x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

60th percentile

8.8%

Higher net margin than 60% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

22nd percentile

-3.2%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

35th percentile

0.5%

Faster revenue growth than 35% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$17,112,721

Up $2,414,428 (+16%) from 2022

Liabilities

Down

$15,219,899

Down $90,284 (-0.6%) from 2022

Net Assets

Up

$1,892,822

Up $2,504,712 (+409%) from 2022

Revenue

Down

$9,136,491

Down $665,161 (-6.8%) from 2022

Expenses

Up

$8,333,794

Up $2,037,916 (+32%) from 2022

Net Income

Down

$802,697

Down $2,703,077 (-77%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0-$10MAssets 2012: $7,885,598Liabilities 2012: $6,664,861Net Assets 2012: $1,220,7372012Assets 2014: $7,223,707Liabilities 2014: $6,063,787Net Assets 2014: $1,159,9202014Assets 2020: $13,369,524Liabilities 2020: $20,323,521Net Assets 2020: -$6,953,9972020Assets 2021: $15,247,382Liabilities 2021: $19,401,466Net Assets 2021: -$4,154,0842021Assets 2022: $14,698,293Liabilities 2022: $15,310,183Net Assets 2022: -$611,8902022Assets 2025: $17,112,721Liabilities 2025: $15,219,899Net Assets 2025: $1,892,8222025

Highlighted filing

2025

Assets$17,112,721
Liabilities$15,219,899
Net Assets$1,892,822

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2012: $580,9992012Revenue 2014: $498,049Expenses 2014: $563,552Net Income 2014: -$65,5032014Revenue 2020: $6,780,574Expenses 2020: $5,941,104Net Income 2020: $839,4702020Revenue 2021: $9,286,288Expenses 2021: $6,256,375Net Income 2021: $3,029,9132021Revenue 2022: $9,801,652Expenses 2022: $6,295,878Net Income 2022: $3,505,7742022Revenue 2025: $9,136,491Expenses 2025: $8,333,794Net Income 2025: $802,6972025

Highlighted filing

2025

Revenue$9,136,491
Expenses$8,333,794
Net Income$802,697

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 4, 2025
Return Version
2024v5.0
Gross Receipts
$9,136,491
Mission and Program Overview

Mission

Academy charter school (the "school") was formed in 1993 pursuant to the colorado charter schools act to form and operate a charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,957,385$7,495,271▲ $537,886
Land, Buildings, and Equipment, Net$6,167,149$6,319,643▲ $152,494
Rtn Earn Endowment Incm Other Fnds$1,090,125$1,892,822▲ $802,697
Savings and Temporary Cash Investments$616,104$647,661▲ $31,557
Prepaid Expenses and Deferred Charges$85,687$115,327▲ $29,640
Accounts Receivable$10,267--
Total Assets$17,675,349$17,112,721▼ $562,628
Other Assets Total$3,838,757$2,534,819▼ $1,303,938
Liabilities
Other Liabilities$11,371,439$10,234,919▼ $1,136,520
Tax Exempt Bond Liabilities$4,802,303$4,512,895▼ $289,408
Accounts Payable and Accrued Expenses$411,482$472,085▲ $60,603
Total Liabilities$16,585,224$15,219,899▼ $1,365,325
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,090,125$1,892,822▲ $802,697
Total Liabilities and Net Assets / Fund Balance$17,675,349$17,112,721▼ $562,628

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,298,280$3,923,598$8,221,878
Land$1,354,756-$1,354,756
Leasehold Improvements$112,215$1,022,636$1,134,851
Other Land Buildings$455,492$3,669$459,161
Equipment$98,900$57,633$156,533
Other Assets Org$46,663--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael SlatteryPresident
Chris GallowayDirector
Matt LamarcheDirector
Nathan CremisinoDirector
Kathryn BuchananSecretary
Mark DeeringTreasurer
Amy DyettVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$446,886
Program Service Revenue
$8,292,965
Investment Income
$231,861
Other Revenue
$164,779
All Other Contributions
$112,807
Change in Net Assets
$802,697

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,136,491
Total Revenue per Audited Statements
$9,136,491
Total Revenue per Form 990
$9,136,491
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,015,337
Other Expenses$2,318,457
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,903,092$1,244,182-$4,147,274
Pension Plan Contributions$1,067,161$457,355-$1,524,516
Depreciation Depletion$252,953$108,409-$361,362
Payroll Taxes$240,483$103,064-$343,547
Interest-$172,239-$172,239
Other Expenses$8,906$5,937-$14,843
All Other Expenses-$2,000-$2,000
Total Functional Expenses$5,349,557$2,984,237$0$8,333,794

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,333,794
Total Expenses per Audited Statements$8,333,794
Total Expenses per Form 990$8,333,794
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
Pension Liability$9,162,901
Deferred Inflows, Pension$762,524
Opeb Liability$162,576
Deferred Inflows, Opeb$106,565
Rou Liability$40,353

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACecfd2006-09-01$7,752,561REFUND SCHOOL BONDS

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$7,752,561-$265,000-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
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, Page 6, Part VI, Line 11B

Form 990 is prepared, the governing board reviews it before it is signed.

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

Conflict of interest policy is monitored and enforced by requiring that any business dealing of any kind involving a board member or officer is disclosed to the governing board, is reviewed by the board and requires board approval for the transaction to take place.

Form 990, Page 6, Part VI, Line 19

All documents are available on the school website or upon request.

Filing and Contact Details

Filer

Filer Name
Academy Charter School
EIN
84-1456891
Phone
3036604881
Address
1551 PRAIRIE HAWK DRIVE, CASTLE ROCK, CO 80106

Signing Officer

Name
Michael Slattery
Title
President
Phone
3036604881
Signed
2025-12-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Slattery
Formed
1993
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
7
Employees
96
Volunteers
225

Preparer

Firm
The Adams Group LLC
Address
6000 GREENWOOD PLAZA BLVD STE 115, GREENWOOD VILLAGE, CO 80111
Preparer
Jason D Adams CPA
Phone
3037333796
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01134851
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02199971
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1288185
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt246663
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RELATED TO PENSION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED LOSS ON DEBT REFUNDING
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RELATED TO OPEB
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0455492
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03669
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0459161
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09162901
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1762524
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2162576
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3106565
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt440353
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS, PENSION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED INFLOWS, OPEB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ROU LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt09136491
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06319643
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02534819
IRS990ScheduleD/TotalExpensesPerForm990Amt08333794
IRS990ScheduleD/TotalLiabilityAmt010234919
IRS990ScheduleD/TotalRevenuePerForm990Amt09136491
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09136491
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08333794
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL POLICIES ARE AVAILABLE UPON REQUEST.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY RECEIVES PPR AND VARIOUS GRANTS FROM THE COLORADO DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0CECFD REFUND SCHOOL BONDS
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PURPOSE OF ISSUE DESCRIPTION
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02006-09-01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0840896727
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0196458Y49
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt07752561
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0CECFD
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0REFUND SCHOOL BONDS
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt0265000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt07752561
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED, THE GOVERNING BOARD REVIEWS IT BEFORE IT IS SIGNED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED BY REQUIRING THAT ANY BUSINESS DEALING OF ANY KIND INVOLVING A BOARD MEMBER OR OFFICER IS DISCLOSED TO THE GOVERNING BOARD, IS REVIEWED BY THE BOARD AND REQUIRES BOARD APPROVAL FOR THE TRANSACTION TO TAKE PLACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE AVAILABLE ON THE SCHOOL WEBSITE OR UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt04802303
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt04512895
IRS990/TaxExemptBondsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt017675349
IRS990/TotalAssetsEOYAmt017112721
IRS990/TotalAssetsGrp/BOYAmt017675349
IRS990/TotalAssetsGrp/EOYAmt017112721
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0446886
IRS990/TotalEmployeeCnt096
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02984237
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05349557
IRS990/TotalFunctionalExpensesGrp/TotalAmt08333794
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016585224
IRS990/TotalLiabilitiesEOYAmt015219899
IRS990/TotalLiabilitiesGrp/BOYAmt016585224
IRS990/TotalLiabilitiesGrp/EOYAmt015219899
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01090125
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01892822
IRS990/TotalProgramServiceExpensesAmt05349557
IRS990/TotalProgramServiceRevenueAmt08292965
IRS990/TotalRevenueGrp/ExclusionAmt0396640
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08292965
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt09136491
IRS990/TotalVolunteersCnt0225

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