Civic Intelligence

Knowledge Quest Academy

990 • Fiscal year 2020 • EIN 84-1559556

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 26, 2021

705 School House DriveMilliken, CO 80543

(970) 587-5742

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

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 And Expenses

Revenue

Flat

$3,579,353

Flat from 2020

Expenses

Flat

$3,180,717

Flat from 2020

Net Income

Flat

$398,636

Flat from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $5,705,452Liabilities 2011: $5,550,000Net Assets 2011: $155,4522011Assets 2012: $5,426,827Liabilities 2012: $5,465,000Net Assets 2012: -$38,1732012Assets 2013: $5,246,890Liabilities 2013: $5,375,000Net Assets 2013: -$128,1102013Assets 2014: $5,380,335Liabilities 2014: $5,280,000Net Assets 2014: $100,3352014Assets 2015: $5,699,062Liabilities 2015: $5,175,000Net Assets 2015: $524,0622015Assets 2016: $5,609,447Liabilities 2016: $4,715,000Net Assets 2016: $894,4472016Assets 2017: $6,184,427Liabilities 2017: $4,715,000Net Assets 2017: $1,469,4272017Assets 2018: $6,530,098Liabilities 2018: $4,540,000Net Assets 2018: $1,990,0982018Assets 2019: $6,835,603Liabilities 2019: $4,360,000Net Assets 2019: $2,475,6032019Assets 2020: $7,249,329Liabilities 2020: $4,360,461Net Assets 2020: $2,888,8682020Assets 2020: $7,249,329Liabilities 2020: $4,360,461Net Assets 2020: $2,888,8682020Assets 2021: $9,297,285Liabilities 2021: $10,347,966Net Assets 2021: -$1,050,6812021Assets 2022: $10,649,189Liabilities 2022: $9,152,163Net Assets 2022: $1,497,0262022Assets 2023: $10,332,940Liabilities 2023: $8,771,366Net Assets 2023: $1,561,5742023Assets 2025: $11,155,225Liabilities 2025: $9,037,026Net Assets 2025: $2,118,1992025

Highlighted filing

2020

Assets$7,249,329
Liabilities$4,360,461
Net Assets$2,888,868

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,939,4912011Expenses 2012: $2,884,5862012Revenue 2013: $2,248,626Expenses 2013: $2,338,563Net Income 2013: -$89,9372013Revenue 2014: $2,702,904Expenses 2014: $2,474,459Net Income 2014: $228,4452014Revenue 2015: $3,269,415Expenses 2015: $2,845,688Net Income 2015: $423,7272015Revenue 2016: $3,528,947Expenses 2016: $3,158,562Net Income 2016: $370,3852016Revenue 2017: $2,967,475Expenses 2017: $2,392,495Net Income 2017: $574,9802017Revenue 2018: $3,172,366Expenses 2018: $2,651,695Net Income 2018: $520,6712018Revenue 2019: $3,366,181Expenses 2019: $2,880,676Net Income 2019: $485,5052019Revenue 2020: $3,579,353Expenses 2020: $3,180,717Net Income 2020: $398,6362020Revenue 2020: $3,579,353Expenses 2020: $3,180,717Net Income 2020: $398,6362020Revenue 2021: $4,071,950Expenses 2021: $3,330,388Net Income 2021: $741,5622021Revenue 2022: $5,829,416Expenses 2022: $4,303,239Net Income 2022: $1,526,1772022Revenue 2023: $4,771,202Expenses 2023: $5,637,958Net Income 2023: -$866,7562023Revenue 2025: $5,911,124Expenses 2025: $5,961,024Net Income 2025: -$49,9002025

Highlighted filing

2020

Revenue$3,579,353
Expenses$3,180,717
Net Income$398,636
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 26, 2021
Return Version
2019v5.0
Gross Receipts
$3,579,353
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
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 Categories

AssetBook ValueDepreciationBasis
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
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tauna EsslingerChairman
Damon SickmonDirector
Dave LockeDirector
Doug ChinnDirector
Gabe ThextonDirector
Jackie VanHallDirector
Jodi MonaresDirector
Keir ClarkDirector
Mike BaileyDirector
Aaron HoytTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$179,858
Program Service Revenue
$3,399,495
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,943
Change in Net Assets
$398,636

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,579,353
Revenue Not Reported on Form 990
$23,397
Total Revenue per Audited Statements
$3,602,750
Total Revenue per Form 990
$3,579,353
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
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

Audited Expense Reconciliation

Line ItemAmount
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
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Certificates of Participation$4,175,000
Advance from School District$185,461
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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.

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

See Schedule O.

Filing and Contact Details

Filer

Filer Name
Knowledge Quest Academy
EIN
84-1559556
Phone
9705875742
Address
705 School House Drive, Milliken, CO 80543

Signing Officer

Name
Aaron Hoyt
Title
Treasurer
Signed
2021-01-26
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
54

Preparer

Firm
Lauer Szabo & Associates PC
Address
PO Box 1886 - 205 Main Street, Sterling, CO 80751
Preparer
Michael S Szabo
Phone
9705222218
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Cash basis and depreciation adjustments = $0

Other Changes In Net Assets Or Fund Balances - Other Increases

GASB 84 Implementation = $14629

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Cash Basis Adjustment $23397

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

Depreciation Adjustment $7246

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IRS990/OtherSalariesAndWagesGrp/TotalAmt01556308
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Activity revenue
IRS990/ProgramServiceRevenueGrp/Desc1Mill levy override funds
IRS990/ProgramServiceRevenueGrp/Desc2Other revenues
IRS990/ProgramServiceRevenueGrp/Desc3Per pupil revenue
IRS990/ProgramServiceRevenueGrp/Desc4Student fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt040686
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt149020
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt255102
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33239524
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt415163
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt040686
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt149020
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt255102
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33239524
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt415163
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0219493
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0920283
IRS990/PYProgramServiceRevenueAmt03146688
IRS990/PYRevenuesLessExpensesAmt0485505
IRS990/PYSalariesCompEmpBnftPaidAmt01960393
IRS990/PYTotalExpensesAmt02880676
IRS990/PYTotalRevenueAmt03366181
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0398636
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03399495
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02475603
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02888868
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt03829670
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01384152
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05213822
IRS990ScheduleD/EquipmentGrp/BookValueAmt02358
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0165030
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0167388
IRS990ScheduleD/ExpensesNotReportedAmt0-393604
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt07246
IRS990ScheduleD/ExpensesSubtotalAmt03173471
IRS990ScheduleD/OtherExpensesIncludedAmt0-393604
IRS990ScheduleD/OtherExpensesNotIncludedAmt07246
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0305
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01983
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02288
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0185461
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14175000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Advance from School District
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Certificates of Participation
IRS990ScheduleD/OtherRevenueAmt023397
IRS990ScheduleD/RevenueNotReportedAmt023397
IRS990ScheduleD/RevenueSubtotalAmt03579353
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Cash Basis Adjustment $23397
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Depreciation Adjustment $7246
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03832333
IRS990ScheduleD/TotalExpensesPerForm990Amt03180717
IRS990ScheduleD/TotalLiabilityAmt04360461
IRS990ScheduleD/TotalRevenuePerForm990Amt03579353
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03602750
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02779867
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/ExplanationTxt0The 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/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A draft copy of the Form 990 was provided to the board with members reviewing the document thoroughly and approving it for filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1See Schedule O.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Cash basis and depreciation adjustments = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GASB 84 Implementation = $14629
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Changes In Net Assets Or Fund Balances - Other Increases
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06835603
IRS990/TotalAssetsEOYAmt07249329
IRS990/TotalAssetsGrp/BOYAmt06835603
IRS990/TotalAssetsGrp/EOYAmt07249329
IRS990/TotalCompGreaterThan150KInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$9.04$2.12$5.91$5.96$0.05
2023Summary only. Only limited summary data is available for this year.$10.3$8.77$1.56$4.77$5.64$0.87
2022Summary only. Only limited summary data is available for this year.$10.6$9.15$1.50$5.83$4.30$1.53
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.30$10.3$1.05$4.07$3.33$0.74
2020Detailed filing. Detailed filing data is available for this year.$7.25$4.36$2.89$3.58$3.18$0.40
2020Summary only. Only limited summary data is available for this year.$7.25$4.36$2.89$3.58$3.18$0.40
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.84$4.36$2.48$3.37$2.88$0.49
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.53$4.54$1.99$3.17$2.65$0.52
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.18$4.72$1.47$2.97$2.39$0.57
2016Detailed filing. Detailed filing data is available for this year.$5.61$4.72$0.89$3.53$3.16$0.37
2015Detailed filing. Detailed filing data is available for this year.$5.70$5.18$0.52$3.27$2.85$0.42
2014Summary only. Only limited summary data is available for this year.$5.38$5.28$0.10$2.70$2.47$0.23
2013Summary only. Only limited summary data is available for this year.$5.25$5.38$0.13$2.25$2.34$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.43$5.47$0.04$2.88
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.71$5.55$0.16$2.94