Pt VI, Line 11B
“Copies of Form 990 were distributed to Board Members for review via email prior to filing.”
990 • Fiscal year 2023 • EIN 84-1559556
Scores are not available for this record yet.
Assets
Flat$10,332,940
Flat from 2023
Net Assets
Flat$1,561,574
Flat from 2023
Liabilities
Flat$8,771,366
Flat from 2023
Revenue
Flat$4,771,202
Flat from 2023
Expenses
Flat$5,637,958
Flat from 2023
Net Income
Flat-$866,756
Flat from 2023
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 394 students.
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 400 students.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $4,964,836 | $6,030,332 | ▲ $1,065,496 |
| Cash and Non-Interest-Bearing Accounts | $3,987,191 | $3,203,306 | ▼ $783,885 |
| Accounts Receivable | $808,008 | $121,361 | ▼ $686,647 |
| Pledges and Grants Receivable | $24,000 | - | - |
| Prepaid Expenses and Deferred Charges | $494 | $325 | ▼ $169 |
| Total Assets | $10,649,189 | $10,332,940 | ▼ $316,249 |
| Other Assets Total | $864,660 | $977,616 | ▲ $112,956 |
| Liabilities | |||
| Other Liabilities | $4,471,517 | $4,941,641 | ▲ $470,124 |
| Mortgage Notes Payable Secured by Investment Property | $3,773,500 | $3,551,128 | ▼ $222,372 |
| Accounts Payable and Accrued Expenses | $880,993 | $265,694 | ▼ $615,299 |
| Deferred Revenue | $26,153 | $12,903 | ▼ $13,250 |
| Total Liabilities | $9,152,163 | $8,771,366 | ▼ $380,797 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,497,026 | $1,561,574 | ▲ $64,548 |
| Total Net Assets Fund Balance | $1,497,026 | $1,561,574 | ▲ $64,548 |
| Total Liabilities and Net Assets / Fund Balance | $10,649,189 | $10,332,940 | ▼ $316,249 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $5,711,898 | $1,733,311 | - |
| Land | $260,000 | - | - |
| Equipment | $58,434 | $140,577 | - |
| Other Assets Org | $28,018 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Linda Spreitzer | Principal | FT | $120,000 | $32,336 | $152,336 |
| Name | Title |
|---|---|
| Chester Gemaehlich | President |
| Tish Thompson | Vice President |
| Carl McCutchen | Director |
| Sara George | Director |
| Rafi Mohammed | Secretary |
| Samantha Hise | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $3,049,017 |
| Other Expenses | $2,588,941 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,992,432 | $0 | $0 | $1,992,432 |
| Occupancy | $561,196 | $0 | $0 | $561,196 |
| Pension Plan Contributions | $497,493 | $27,075 | $0 | $524,568 |
| Other Employee Benefits | $379,225 | $4,916 | $0 | $384,141 |
| Current Officers, Directors, Trustees, and Key Employees | $0 | $120,000 | $0 | $120,000 |
| Insurance | $9,115 | $98,472 | $0 | $107,587 |
| Fees for Services Management | $78,542 | $0 | $0 | $78,542 |
| Fees for Services Accounting | $0 | $48,702 | $0 | $48,702 |
| Other Expenses | $32,299 | $0 | $0 | $32,299 |
| Payroll Taxes | $26,136 | $1,740 | $0 | $27,876 |
| All Other Expenses | $2,811 | $0 | $0 | $2,811 |
| Conferences and Meetings | $2,008 | $0 | $0 | $2,008 |
| Total Functional Expenses | $5,258,382 | $379,576 | $0 | $5,637,958 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $5,637,958 |
| Total Expenses per Audited Statements | $5,637,958 |
| Total Expenses per Form 990 | $5,637,958 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Net Pension Liability | $4,515,728 |
| Deferred Inflows - Pension Related | $218,211 |
| Net OPEB Liability | $153,603 |
| Deferred Inflows - OPEB Related | $54,099 |
“Copies of Form 990 were distributed to Board Members for review via email prior to filing.”
“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.”
“Compensation for officers and key employees was determined by the Board of Directors and documented in the meeting minutes of the executive session.”
“Compensation for officers and key employees was determined by the Board of Directors and documented in the meeting minutes of the executive session.”
“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public via its website and upon request.”
“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 decreased Net Assets by $357,168.”
“Line 9. Changes to fixed assets, capital additions, depreciation, loan principal payments and accrued interest increased Net Assets by $1,288,472.”
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/Desc | 3 | Student activities |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 1 | 0 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 2 | 0 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 3 | 0 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 3620614 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 450000 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 1270 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 29947 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 1 | 0 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 2 | 0 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 3 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 1398371 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 3750 |
| IRS990/PYOtherExpensesAmt | 0 | 1630419 |
| IRS990/PYOtherRevenueAmt | 0 | 452930 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 3974365 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 1526177 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 2672820 |
| IRS990/PYTotalExpensesAmt | 0 | 4303239 |
| IRS990/PYTotalRevenueAmt | 0 | 5829416 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -866756 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 4771202 |
| 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 | 5711898 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 1733311 |
| IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 7445209 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 58434 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 140577 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 199011 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 5637958 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 260000 |
| IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt | 0 | 260000 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 949598 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 28018 |
| 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 | 4515728 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 153603 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 218211 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 54099 |
| 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 | 4771202 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 6030332 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 977616 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 5637958 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 4941641 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 4771202 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 4771202 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 5637958 |
| 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 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Compensation for officers and key employees was determined by the Board of Directors 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 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 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 decreased Net Assets by $357,168. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Line 9. Changes to fixed assets, capital additions, depreciation, loan principal payments and accrued interest increased Net Assets by $1,288,472. |
| 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 |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.