Civic Intelligence

Merit Academy

990 • Fiscal year 2022 • EIN 85-2365942

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 02, 2023

Organization Profilewww.merit.academy
500 East Kelleys RoadWoodland Park, CO 80863

(720) 768-5207

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.82x

Higher debt load relative to assets than 92% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

76th percentile

0.36x

Higher debt load relative to revenue than 76% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

49th percentile

6.1%

Higher net margin than 49% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

41st percentile

$14,425

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets92nd percentile

Assets

$1,211,326

No earlier filing loaded for comparison.

Net Assets

$213,851

No earlier filing loaded for comparison.

Liabilities

$997,475

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin49th percentile

Revenue

$2,734,807

No earlier filing loaded for comparison.

Expenses

$2,567,152

No earlier filing loaded for comparison.

Net Income

$167,655

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$10M$5.0M$0-$5.0MAssets 2022: $1,211,326Liabilities 2022: $997,475Net Assets 2022: $213,8512022Assets 2023: $4,326,463Liabilities 2023: $5,577,715Net Assets 2023: -$1,251,2522023Assets 2024: $5,019,191Liabilities 2024: $7,714,802Net Assets 2024: -$2,695,6112024

Highlighted filing

2022

Assets$1,211,326
Liabilities$997,475
Net Assets$213,851
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0-$5.0MRevenue 2022: $2,734,807Expenses 2022: $2,567,152Net Income 2022: $167,6552022Revenue 2023: $4,399,236Expenses 2023: $5,781,676Net Income 2023: -$1,382,4402023Revenue 2024: $5,376,591Expenses 2024: $6,820,950Net Income 2024: -$1,444,3592024

Highlighted filing

2022

Revenue$2,734,807
Expenses$2,567,152
Net Income$167,655
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 2, 2023
Return Version
2021v4.2
Gross Receipts
$2,734,807
Mission and Program Overview

Mission

Merit Academy will cultivate the minds and nurture the hearts of K-12 youth in the Ute Pass/Woodland Park region with instruction in the principles of moral character and civic virtue, employing honored foundations of classical education and Core Knowledge.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,770$634,351▲ $631,581
Cash and Non-Interest-Bearing Accounts$31,968$478,329▲ $446,361
Pledges and Grants Receivable-$80,501-
Prepaid Expenses and Deferred Charges-$6,687-
Total Assets$46,196$1,211,326▲ $1,165,130
Other Assets Total$11,458$11,458→ $0
Liabilities
Unsecured Notes Loans Payable-$804,765-
Accounts Payable and Accrued Expenses-$192,710-
Mortgage Notes Payable Secured by Investment Property-$0-
Total Liabilities$0$997,475▲ $997,475
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$46,196$150,851▲ $104,655
Net Assets With Donor Restrictions-$63,000-
Total Net Assets Fund Balance$46,196$213,851▲ $167,655
Total Liabilities and Net Assets / Fund Balance$46,196$1,211,326▲ $1,165,130

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$634,351$380,413$1,014,764
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Gwynne PekronHeadmasterFT$14,425$14,425

Board Members and Trustees

NameTitle
Nicole WaggonerBoard President
Jason LedlieBoard Vice President
John DillBoard Secretary
Mary SekowskiBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$745,414
Program Service Revenue
$1,979,137
Investment Income
$371
Other Revenue
$9,885
All Other Contributions
$505,408
Change in Net Assets
$167,655

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,734,807
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,734,807
Total Revenue per Form 990
$2,734,807
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,323,101
Other Expenses$1,244,051
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,005,766$111,752-$1,117,518
Depreciation Depletion$323,351$57,062-$380,413
Other Employee Benefits$142,453$16,169-$158,622
Occupancy$70,525$12,446-$82,971
Current Officers, Directors, Trustees, and Key Employees$38,250$6,750-$45,000
Fees for Services Other$28,530$5,035-$33,565
Insurance$25,425$4,487-$29,912
Interest$23,681$4,179-$27,860
Fees for Services Accounting-$14,573-$14,573
Travel$10,077$1,778-$11,855
Fees for Services Legal-$11,341-$11,341
Other Expenses$3,480$614-$4,094
Advertising$1,709$302-$2,011
Payroll Taxes$1,761$200-$1,961
All Other Expenses$925$163-$1,088
Total Functional Expenses$2,253,715$313,437$0$2,567,152

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,567,152
Total Expenses per Audited Statements$2,567,152
Total Expenses per Form 990$2,567,152
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, Part VI, Section B, line 11B

“Copies of the Form 990 are provided to a representative of the board for approval before filing.”

Form 990, Part VI, Section B, line 12C

“The Organization conducts periodic reviews of any compensation or agreements and whether any relationships with taxable organizations conform with the corporation's policies and are properly recorded.”

Form 990, Part VI, Section B, line 15A

“The executive director's performance and compensation is reviewed annually by the board.”

Form 990, Part VI, Section C, line 19

“Documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Merit Academy
EIN
85-2365942
Phone
7207685207
Address
500 East Kelleys Road, Woodland Park, CO 80863

Signing Officer

Name
Nicole Waggoner
Title
Board President
Phone
7207685207
Signed
2023-03-02
Discuss with paid preparer
No

Organization Details

Principal Officer
Nicole Wagonner
Formed
2021
Legal Domicile
Co
Voting Board Members
4
Independent Board Members
4
Employees
53
Volunteers
20

Preparer

Firm
Hoelting & Company Inc
Address
31 East Platte Avenue Suite 300, Colorado Springs, CO 80903
Preparer
Thomas G Sistare
Phone
7196301091
Raw XML Appendix394 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0192710
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Merit Academy will cultivate the minds and nurture the hearts of K-12 youth in the Ute Pass/Woodland Park region with instruction in the principles of moral character and civic virtue, employing honored foundations of classical education and Core Knowledge.
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0302
IRS990/AdvertisingGrp/ProgramServicesAmt01709
IRS990/AdvertisingGrp/TotalAmt02011
IRS990/AllOtherContributionsAmt0505408
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0163
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0925
IRS990/AllOtherExpensesGrp/TotalAmt01088
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0The Organization
IRS990/BooksInCareOfDetail/PhoneNum07207685207
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0500 East Kelleys Road
IRS990/BooksInCareOfDetail/USAddress/CityNm0Woodland Park
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CO
IRS990/BooksInCareOfDetail/USAddress/ZIPCd080863
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt031968
IRS990/CashNonInterestBearingGrp/EOYAmt0478329
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt06750
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt038250
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt045000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0745414
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0371
IRS990/CYOtherExpensesAmt01244051
IRS990/CYOtherRevenueAmt09885
IRS990/CYProgramServiceRevenueAmt01979137
IRS990/CYRevenuesLessExpensesAmt0167655
IRS990/CYSalariesCompEmpBnftPaidAmt01323101
IRS990/CYTotalExpensesAmt02567152
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02734807
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt057062
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0323351
IRS990/DepreciationDepletionGrp/TotalAmt0380413
IRS990/Desc0Merit Academy will cultivate the minds and nurture the hearts of K-12 youth in the Ute Pass/Woodland Park region with instruction in the principles of moral character and civic virtue, employing honored foundations of classical education and Core Knowledge.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt063000
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt053
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02253715
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt014573
IRS990/FeesForServicesAccountingGrp/TotalAmt014573
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt011341
IRS990/FeesForServicesLegalGrp/TotalAmt011341
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt05035
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt028530
IRS990/FeesForServicesOtherGrp/TotalAmt033565
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt460.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0Nicole Waggoner
IRS990/Form990PartVIISectionAGrp/PersonNm1Jason Ledlie
IRS990/Form990PartVIISectionAGrp/PersonNm2Mary Sekowski
IRS990/Form990PartVIISectionAGrp/PersonNm3John Dill
IRS990/Form990PartVIISectionAGrp/PersonNm4Gwynne Pekron
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt414425
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Headmaster
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02021
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt0240006
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02734807
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt04487
IRS990/InsuranceGrp/ProgramServicesAmt025425
IRS990/InsuranceGrp/TotalAmt029912
IRS990/InterestGrp/ManagementAndGeneralAmt04179
IRS990/InterestGrp/ProgramServicesAmt023681
IRS990/InterestGrp/TotalAmt027860
IRS990/InvestmentIncomeGrp/ExclusionAmt0371
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0371
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0380413
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02770
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0634351
IRS990/LandBldgEquipCostOrOtherBssAmt01014764
IRS990/LegalDomicileStateCd0CO
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Merit Academy will cultivate the minds and nurture the hearts of K-12 youth in the Ute Pass/Woodland Park region with instruction in the principles of moral character and civic virtue, employing honored foundations of classical education and Core Knowledge.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt046196
IRS990/NetAssetsOrFundBalancesEOYAmt0213851
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt046196
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0150851
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt012446
IRS990/OccupancyGrp/ProgramServicesAmt070525
IRS990/OccupancyGrp/TotalAmt082971
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt011458
IRS990/OtherAssetsTotalGrp/EOYAmt011458
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016169
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0142453
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0158622
IRS990/OtherExpensesGrp/Desc0Purchased Services
IRS990/OtherExpensesGrp/Desc1Instructional Supplies
IRS990/OtherExpensesGrp/Desc2Non-Capital Equipment
IRS990/OtherExpensesGrp/Desc3Other Expenses
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt056771
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19815
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2614
IRS990/OtherExpensesGrp/ProgramServicesAmt0321703
IRS990/OtherExpensesGrp/ProgramServicesAmt1200459
IRS990/OtherExpensesGrp/ProgramServicesAmt255620
IRS990/OtherExpensesGrp/ProgramServicesAmt33480
IRS990/OtherExpensesGrp/TotalAmt0378474
IRS990/OtherExpensesGrp/TotalAmt1200459
IRS990/OtherExpensesGrp/TotalAmt265435
IRS990/OtherExpensesGrp/TotalAmt34094
IRS990/OtherRevenueMiscGrp/BusinessCd0611110
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt09885
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09885
IRS990/OtherRevenueTotalAmt09885
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0111752
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01005766
IRS990/OtherSalariesAndWagesGrp/TotalAmt01117518
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0200
IRS990/PayrollTaxesGrp/ProgramServicesAmt01761
IRS990/PayrollTaxesGrp/TotalAmt01961
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt080501
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06687
IRS990/PrincipalOfficerNm0Nicole Wagonner
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0Per Pupil Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01979137
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01979137
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0167655
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01989022
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/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02567152
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0634351
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0380413
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01014764
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02734807
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0634351
IRS990ScheduleD/TotalExpensesPerForm990Amt02567152
IRS990ScheduleD/TotalRevenuePerForm990Amt02734807
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02734807
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02567152
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The nondiscriminatory policy is publicized in marketing communications and on the school's website to make it known to all parts of the general community it serves.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Per pupil funding and federal grant funding is received through the Colorado Department of Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Copies of the Form 990 are provided to a representative of the board for approval before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization conducts periodic reviews of any compensation or agreements and whether any relationships with taxable organizations conform with the corporation's policies and are properly recorded.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The executive director's performance and compensation is reviewed annually by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Documents are made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt046196
IRS990/TotalAssetsEOYAmt01211326
IRS990/TotalAssetsGrp/BOYAmt046196
IRS990/TotalAssetsGrp/EOYAmt01211326
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0745414
IRS990/TotalEmployeeCnt053
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0313437
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02253715
IRS990/TotalFunctionalExpensesGrp/TotalAmt02567152
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0997475
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0997475
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt046196
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0213851
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02253715
IRS990/TotalProgramServiceRevenueAmt01979137
IRS990/TotalReportableCompFromOrgAmt014425
IRS990/TotalRevenueGrp/ExclusionAmt0371
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01989022
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02734807
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt046196
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01211326
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01778
IRS990/TravelGrp/ProgramServicesAmt010077
IRS990/TravelGrp/TotalAmt011855
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0804765
IRS990/USAddress/AddressLine1Txt0500 East Kelleys Road
IRS990/USAddress/CityNm0Woodland Park
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080863
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.merit.academy
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd00
ReturnHeader/BusinessOfficerGrp/PersonNm0Nicole Waggoner
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board President
ReturnHeader/BusinessOfficerGrp/PhoneNum07207685207
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Merit Academy
ReturnHeader/Filer/BusinessNameControlTxt0MERI
ReturnHeader/Filer/EIN0852365942
ReturnHeader/Filer/PhoneNum07207685207
ReturnHeader/Filer/USAddress/AddressLine1Txt0500 East Kelleys Road
ReturnHeader/Filer/USAddress/CityNm0Woodland Park
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080863
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0300514455
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Hoelting & Company Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt031 East Platte Avenue Suite 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Colorado Springs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd080903
ReturnHeader/PreparerPersonGrp/PhoneNum07196301091
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Thomas G Sistare
ReturnHeader/ReturnTs02023-03-20T17:17:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Nicole
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Waggoner
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,211,326
Liabilities
$997,475
Net assets
$213,851
Revenue
$2,734,807
Expenses
$2,567,152
Net income
$167,655
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.02$7.71$2.70$5.38$6.82$1.44
2023Detailed filing. Detailed filing data is available for this year.$4.33$5.58$1.25$4.40$5.78$1.38
2022Detailed filing. Detailed filing data is available for this year.$1.21$1.00$0.21$2.73$2.57$0.17