Liabilities / Assets
95th percentile
Higher debt load relative to assets than 95% of similar nonprofits.
Knowledge Quest Academy
990 • Fiscal year 2021 • EIN 84-1559556
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.11x
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
60th percentile
Higher net margin than 60% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
79th percentile
Faster asset growth than 79% of similar nonprofits.
Revenue Growth
53rd percentile
Faster revenue growth than 53% of similar nonprofits.
Balance Sheet
Assets
Up$9,297,285
Up $2,047,956 (+28%) from 2020
Net Assets
Down-$1,050,681
Down $3,939,549 (-136%) from 2020
Liabilities
Up$10,347,966
Up $5,987,505 (+137%) from 2020
Revenue And Expenses
Revenue
Up$4,071,950
Up $492,597 (+14%) from 2020
Expenses
Up$3,330,388
Up $149,671 (+4.7%) from 2020
Net Income
Up$741,562
Up $342,926 (+86%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2020 to Jun 30, 2021
- Signed
- Feb 14, 2022
- Return Version
- 2020v4.1
- Gross Receipts
- $4,071,950
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.
Knowledge Quest Academy is a K-8 charter school that uses the Core Knowledge educational program, with emphasis on a code of ethics. Class sizes are small and enrollment is approximately 410 students.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $3,832,333 | $4,090,609 | ▲ $258,276 |
| Cash and Non-Interest-Bearing Accounts | $3,271,860 | $3,581,660 | ▲ $309,800 |
| Intangible Assets | $145,136 | - | - |
| Pledges and Grants Receivable | - | $64,608 | - |
| Accounts Receivable | - | $658 | - |
| Total Assets | $7,249,329 | $9,297,285 | ▲ $2,047,956 |
| Other Assets Total | - | $1,559,750 | - |
| Liabilities | |||
| Other Liabilities | $4,360,461 | $6,151,400 | ▲ $1,790,939 |
| Mortgage Notes Payable Secured by Investment Property | - | $3,985,000 | - |
| Accounts Payable and Accrued Expenses | - | $207,479 | - |
| Deferred Revenue | - | $4,087 | - |
| Total Liabilities | $4,360,461 | $10,347,966 | ▲ $5,987,505 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,888,868 | $-1,050,681 | ▼ $3,939,549 |
| Total Net Assets Fund Balance | $2,888,868 | $-1,050,681 | ▼ $3,939,549 |
| Total Liabilities and Net Assets / Fund Balance | $7,249,329 | $9,297,285 | ▲ $2,047,956 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $3,762,766 | $1,482,030 | - |
| Land | $260,000 | - | - |
| Equipment | $67,843 | $134,948 | - |
| Other Assets Org | $18,793 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Linda Spreitzer | Principal | FT | $91,582 | $29,944 | $121,526 |
Board Members and Trustees
| Name | Title |
|---|---|
| Tauna Esslinger | Chairperson |
| Gabe Thexton | Co-chairperson |
| Malyka Korgan | Director |
| Mike Bailey | Director |
| Doug Chinn | Secretary |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $463,868
- Program Service Revenue
- $3,540,444
- Investment Income
- $267
- Other Revenue
- $67,371
- All Other Contributions
- $18,772
- Change in Net Assets
- $741,562
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $4,071,950
- Total Revenue per Audited Statements
- $4,071,950
- Total Revenue per Form 990
- $4,071,950
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $2,418,305 |
| Other Expenses | $912,083 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,397,311 | $217,793 | $0 | $1,615,104 |
| Pension Plan Contributions | $292,038 | $65,923 | $0 | $357,961 |
| Other Employee Benefits | $285,900 | $36,878 | $0 | $322,778 |
| Interest | $0 | $135,085 | $0 | $135,085 |
| Depreciation Depletion | $0 | $109,947 | $0 | $109,947 |
| Current Officers, Directors, Trustees, and Key Employees | $0 | $97,627 | $0 | $97,627 |
| Occupancy | $0 | $70,747 | $0 | $70,747 |
| Fees for Services Other | $24,916 | $35,424 | $0 | $60,340 |
| Insurance | $0 | $29,849 | $0 | $29,849 |
| Payroll Taxes | $20,261 | $4,574 | $0 | $24,835 |
| All Other Expenses | $0 | $22,022 | $0 | $22,022 |
| Information Technology | $0 | $17,538 | $0 | $17,538 |
| Fees for Services Accounting | $0 | $10,730 | $0 | $10,730 |
| Other Expenses | $7,165 | $0 | $0 | $7,165 |
| Total Functional Expenses | $2,319,826 | $1,010,562 | $0 | $3,330,388 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $3,330,388 |
| Total Expenses per Audited Statements | $3,330,388 |
| Total Expenses per Form 990 | $3,330,388 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
| Liability | Amount |
|---|---|
| Net Pension Liability | $4,282,979 |
| Deferred Inflows - Pension Related | $1,662,714 |
| Net OPEB Liability | $155,600 |
| Deferred Inflows - OPEB Related | $50,107 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- Yes
- 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
- Yes
- Other officer compensation reviewed
- Yes
- Conflict-of-interest policy
- No
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Filing and Contact Details
Filer
- Filer Name
- Knowledge Quest Academy
- EIN
- 84-1559556
- Phone
- 9705875742
- Address
- 705 S School House Drive, Milliken, CO 80543
Signing Officer
- Name
- Tauna Esslinger
- Title
- Chairperson
- Phone
- 9705875742
- Signed
- 2022-02-14
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Linda Spreitzer
- Formed
- 2000
- Legal Domicile
- Co
- Voting Board Members
- 5
- Independent Board Members
- 5
- Employees
- 55
- Volunteers
- 0
Preparer
- Firm
- Bart Skidmore CPA
- Address
- 726 Geneva St, Aurora, CO 80010
- Preparer
- Bart A Skidmore CPA Inc
- Phone
- 3033651696
Supplemental Narrative
Additional Explanations
Pt VI, Line 11B
“Copies of Form 990 were distributed to Board Members for review and approval via email prior to filing.”
Pt VI, Line 12C
“Prospective Board Members are screened for potential conflicts of interest prior to appointment. Board Members are required to disclose conflicts of interest during Board meetings. Annual Conflict of Interest Statements are completed and reviewed by the Board and any discrepancies are reported to the Board President for resolution.”
Pt VI, Line 15A
“Compensation for officers and key employees was determined by the Board of Directors using comparative data and documented in the meeting minutes of the executive session.”
Pt VI, Line 15B
“Compensation for officers and key employees was determined by the Board of Directors using comparative data and documented in the meeting minutes of the executive session.”
Pt VI, Line 19
“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public via its website and upon request.”
Pt XI
“Line 8. The prior year 990 was prepared using modified accrual accounting along with a current financial resources measurement focus. This accounting method does not account for long term balance sheet items such as deferred outflows of resources, long-term liabilities, and deferred inflows of resources related to pensions and post-employment benefits other than pensions (OPEB). Furthermore, the prior year 990 did not include certain current liabilities reported in the audited financial statements, and reported an amount for Land, Buildings and Equipment that was inconsistent with the audited financial statements. The prior year audited financial statements show the organization's net position on June 30, 2020 as ($2,875,476). The 990 reported net assets as $2,888,868. The difference is ($5,764,344).”
Pt XI
“Line 9. Changes during the year to Deferred Outflows of Resources, Liabilities, and Deferred Inflows of Resources related to pensions and post-employment benefits other than pensions (OPEB) resulted in an increase in Net Assets. The changes increased Net Assets by $1,083,233.”
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| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 90376 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 7165 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 117346 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 240938 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 90376 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 7165 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 4360461 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 6151400 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 611600 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 1 | 611600 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | Other Revenue |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | Student Activities |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 0 |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 1 | 0 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 170 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 1 | 9397 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 170 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 9397 |
| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 1 | 0 |
| IRS990/OtherRevenueTotalAmt | 0 | 9567 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 217793 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 1397311 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 1615104 |
| IRS990/OwnWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 4574 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 20261 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 24835 |
| IRS990/PensionPlanContributionsGrp/FundraisingAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 65923 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 292038 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 357961 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 64608 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | Linda Spreitzer |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | -5764344 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611600 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 611600 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 611600 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Per Pupil Revenue |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Mil Levy Revenue |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | Student Fees |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 1 | 0 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 2 | 0 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 3085876 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 452465 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 2103 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 1 | 0 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 2 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 179858 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYOtherExpensesAmt | 0 | 974346 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 3399495 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 398636 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 2206371 |
| IRS990/PYTotalExpensesAmt | 0 | 3180717 |
| IRS990/PYTotalRevenueAmt | 0 | 3579353 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 741562 |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 57804 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 4071950 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0 |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 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 | 3762766 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 1482030 |
| IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 5244796 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 67843 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 134948 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 202791 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 3330388 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 260000 |
| IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt | 0 | 260000 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 36737 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 1504220 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 18793 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Deferred Loss on Refunding |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | Deferred Outflows - Pension Related |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | Deferred Outflows - OPEB Related |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 4282979 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 155600 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 1662714 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 50107 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Net Pension Liability |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | Net OPEB Liability |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | Deferred Inflows - Pension Related |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | Deferred Inflows - OPEB Related |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 4071950 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 4090609 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 1559750 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 3330388 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 6151400 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 4071950 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 4071950 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 3330388 |
| 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 school receives the bulk of its funding from the State of Colorado and is required to follow all state laws regarding education. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | The school receives the bulk of its funding from the State of Colorado and is required to follow all state laws regarding education. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Line 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Line 6b |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Copies of Form 990 were distributed to Board Members for review and approval via email prior to filing. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Prospective Board Members are screened for potential conflicts of interest prior to appointment. Board Members are required to disclose conflicts of interest during Board meetings. Annual Conflict of Interest Statements are completed and reviewed by the Board and any discrepancies are reported to the Board President for resolution. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Compensation for officers and key employees was determined by the Board of Directors using comparative data and documented in the meeting minutes of the executive session. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Compensation for officers and key employees was determined by the Board of Directors using comparative data and documented in the meeting minutes of the executive session. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | The organization makes its governing documents, conflict of interest policy, and financial statements available to the public via its website and upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Line 8. The prior year 990 was prepared using modified accrual accounting along with a current financial resources measurement focus. This accounting method does not account for long term balance sheet items such as deferred outflows of resources, long-term liabilities, and deferred inflows of resources related to pensions and post-employment benefits other than pensions (OPEB). Furthermore, the prior year 990 did not include certain current liabilities reported in the audited financial statements, and reported an amount for Land, Buildings and Equipment that was inconsistent with the audited financial statements. The prior year audited financial statements show the organization's net position on June 30, 2020 as ($2,875,476). The 990 reported net assets as $2,888,868. The difference is ($5,764,344). |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Line 9. Changes during the year to Deferred Outflows of Resources, Liabilities, and Deferred Inflows of Resources related to pensions and post-employment benefits other than pensions (OPEB) resulted in an increase in Net Assets. The changes increased Net Assets by $1,083,233. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Pt VI, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Pt VI, Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Pt VI, Line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Pt VI, Line 15b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Pt VI, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Pt XI |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Pt XI |
| IRS990ScheduleR/AssetExchangeInd | 0 | false |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | false |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | false |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | false |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | true |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | false |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | false |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 1 | false |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | NA |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt | 1 | NA |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | Colorado Department of Education |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 1 | Weld County School District RE5J |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 170(b)(1)(A)(v) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 1 | 170(b)(1)(A)(v) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | CO |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 1 | CO |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | Oversight |
Document Assets
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Filings
Displayed year
2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $9,297,285
- Liabilities
- $10,347,966
- Net assets
- -$1,050,681
- Revenue
- $4,071,950
- Expenses
- $3,330,388
- Net income
- $741,562