Form 990, Part VI, Line 11B: Form 990 Review Process
“A draft copy of the Form 990 was provided to the board with members reviewing the document thoroughly and approving it for filing.”
990 • Fiscal year 2020 • EIN 84-1559556
Scores are not available for this record yet.
Assets
Flat$7,249,329
Flat from 2020
Net Assets
Flat$2,888,868
Flat from 2020
Liabilities
Flat$4,360,461
Flat from 2020
Revenue
Flat$3,579,353
Flat from 2020
Expenses
Flat$3,180,717
Flat from 2020
Net Income
Flat$398,636
Flat from 2020
Knowledge Quest Academy provides instruction on a broad variety of topics using the proven, content-rich Core Knowledge educational program, along with emphasis on a code of ethics. Small class sizes allow students to receive individual attention. All who are associated with the school are able to contribute: Parents are encouraged to volunteer their time, teachers continue their professional development, and students show academic improvement through regular assessments.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $3,919,026 | $3,832,333 | ▼ $86,693 |
| Cash and Non-Interest-Bearing Accounts | $2,762,099 | $3,271,860 | ▲ $509,761 |
| Rtn Earn Endowment Incm Other Fnds | $2,475,603 | $2,888,868 | ▲ $413,265 |
| Intangible Assets | $154,478 | $145,136 | ▼ $9,342 |
| Savings and Temporary Cash Investments | - | $0 | - |
| Accounts Receivable | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Investments in Publicly Traded Securities | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Prepaid Expenses and Deferred Charges | - | $0 | - |
| Total Assets | $6,835,603 | $7,249,329 | ▲ $413,726 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Other Liabilities | $4,360,000 | $4,360,461 | ▲ $461 |
| Total Liabilities | $4,360,000 | $4,360,461 | ▲ $461 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $2,475,603 | $2,888,868 | ▲ $413,265 |
| Total Liabilities and Net Assets / Fund Balance | $6,835,603 | $7,249,329 | ▲ $413,726 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $3,829,670 | $1,384,152 | $5,213,822 |
| Equipment | $2,358 | $165,030 | $167,388 |
| Other Land Buildings | $305 | $1,983 | $2,288 |
| Name | Title |
|---|---|
| Tauna Esslinger | Chairman |
| Damon Sickmon | Director |
| Dave Locke | Director |
| Doug Chinn | Director |
| Gabe Thexton | Director |
| Jackie VanHall | Director |
| Jodi Monares | Director |
| Keir Clark | Director |
| Mike Bailey | Director |
| Aaron Hoyt | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $2,206,371 |
| Other Expenses | $974,346 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,277,302 | $279,006 | - | $1,556,308 |
| Other Employee Benefits | $552,696 | $97,367 | - | $650,063 |
| Interest | $159,514 | - | - | $159,514 |
| Depreciation Depletion | $119,803 | - | - | $119,803 |
| Other Expenses | $22,386 | $65,431 | - | $65,431 |
| All Other Expenses | - | $3,435 | - | $3,435 |
| Total Functional Expenses | $2,482,571 | $698,146 | $0 | $3,180,717 |
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $3,180,717 |
| Expenses per Audited Statements | $3,173,471 |
| Total Expenses per Audited Statements | $2,779,867 |
| Expenses Not Reported on Financial Statements | $7,246 |
| Other Expense Adjustments | $7,246 |
| Expenses Not Reported on Form 990 | $-393,604 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
| Liability | Amount |
|---|---|
| Certificates of Participation | $4,175,000 |
| Advance from School District | $185,461 |
“A draft copy of the Form 990 was provided to the board with members reviewing the document thoroughly and approving it for filing.”
“See Schedule O.”
“Cash basis and depreciation adjustments = $0”
“GASB 84 Implementation = $14629”
“Cash Basis Adjustment $23397”
“Depreciation Adjustment $7246”
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/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 3 | 3239524 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 4 | 15163 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 40686 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 49020 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 55102 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 3239524 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 4 | 15163 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 219493 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 920283 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 3146688 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 485505 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 1960393 |
| IRS990/PYTotalExpensesAmt | 0 | 2880676 |
| IRS990/PYTotalRevenueAmt | 0 | 3366181 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 398636 |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 3399495 |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 2475603 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 2888868 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 3829670 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 1384152 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 5213822 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 2358 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 165030 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 167388 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | -393604 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 7246 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 3173471 |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | -393604 |
| IRS990ScheduleD/OtherExpensesNotIncludedAmt | 0 | 7246 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 305 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 1983 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 2288 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 185461 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 4175000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Advance from School District |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | Certificates of Participation |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 23397 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 23397 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 3579353 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | Cash Basis Adjustment $23397 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | Depreciation Adjustment $7246 |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 3832333 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 3180717 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 4360461 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 3579353 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 3602750 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 2779867 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | true |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | false |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | false |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | true |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | false |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | true |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | true |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | true |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | true |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | true |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | true |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | The Knowledge Quest Academy (the Academy) received a grant from the State of Colorado to help with the cost of capital acquisitions, including, but not limited to, repayment of the certificates of particiaption issued on its behalf by the KQA Building Corporation.The Academy receives funding in the amount of approximately 95% of its per pupil revenues for each pupil enrolled in the school for whom the District receives funding, less deductions for purchased services or other deductions as allowed by Colorado School Laws and as stipulated in its charter. Additionally, the District shall provide to the Academy the Academy's proportionate share of federal and state categorical aid received by the District. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Schedule E, Line 4 - Explanation of Records and Materials Not Maintained |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Schedule E, Line 5 - Explanation of Organization Discrimination by Race |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | A draft copy of the Form 990 was provided to the board with members reviewing the document thoroughly and approving it for filing. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | See Schedule O. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Cash basis and depreciation adjustments = $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | GASB 84 Implementation = $14629 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 11b: Form 990 Review Process |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Changes In Net Assets Or Fund Balances - Other Increases |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Changes In Net Assets Or Fund Balances - Other Increases |
| IRS990/SchoolOperatingInd | 0 | true |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 6835603 |
| IRS990/TotalAssetsEOYAmt | 0 | 7249329 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 6835603 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 7249329 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
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Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.