2021-05-04T14:36:53-05:00 2020-06-30 450250958 EIDE BAILLY LLP 7001 E BELLEVIEW AVE STE 700 DENVER CO 80237 990 2019-07-01 840421874 COLORADO ACADEMY COLO 3039861501 3800 SOUTH PIERCE ST DENVER CO 80235 ALANNA BROWN CFO/BUSINESS MANAGER 3039861501 2021-05-03 1 KYLE FRITCH CPA P01313374 3037705700 2021-05-03 2019 2022-09-23 18:48:47Z ALANNA BROWN 3800 SOUTH PIERCE ST DENVER CO 80235 38129211 0 X WWW.COLORADOACADEMY.ORG X 1906 CO EDUCATE AND CHALLENGE STUDENTS ETHICALLY, ACADEMICALLY, ARTISTICALLY, AND ATHLETICALLY. 23 23 483 750 0 0 7115897 6209165 29938918 30762171 1160061 908659 411099 102698 38625975 37982693 2753944 2835128 0 0 19133707 20425489 0 0 1443214 11573260 10817880 33460911 34078497 5165064 3904196 101228757 104059528 8415100 8486867 92813657 95572661 CREATING CURIOUS, KIND, COURAGEOUS, AND ADVENTUROUS LEARNERS AND LEADERS. 0 0 25280482 2835128 29036384 EDUCATION OF 990 STUDENTS IN GRADES PRE-K THROUGH 12. COLORADO ACADEMY STRIVES FOR ACADEMIC EXCELLENCE AND THE HIGHEST STANDARDS OF ACHIEVEMENT THROUGH ACADEMIC STUDIES, ATHLETIC PURSUITS, ARTISTIC VENTURES, SUMMER PROGRAMS, AND EXTRACURRICULAR ACTIVITIES. STUDENTS LEARN TO THINK AND CREATE AS THEY FORGE A LIFE-LONG LEARNING ADVENTURE. 2652560 1340017 SUMMER AND OTHER PROGRAMS FOR APPROXIMATELY 1,500 STUDENTS.HORIZONS AT COLORADO ACADEMY IS ONE OF OVER 60 AFFILIATES AROUND THE COUNTRY THAT PROVIDES EXTENSIVE ENRICHMENT PROGRAMMING FOR UNDERSERVED YOUTH IN AND AROUND DENVER. SINCE ITS FOUNDING IN 1998, THE PROGRAM HAS GROWN EXTENSIVELY IN 2020, ENROLLMENT WAS AT 150 STUDENTS. IN ADDITION TO OUR SIGNATURE SIX-WEEK SUMMER PROGRAM, WE ALSO DO SIX SUPER SATURDAYS THROUGHOUT THE SCHOOL YEAR AND CHECK-INS MONTHLY AT THE PRIMARY ELEMENTARY FEEDER SCHOOL IN WHICH WE PROVIDE TUTORING SERVICES. 566462 463910 TRANSPORTATION TO AND FROM SCHOOL IS USED BY APPROXIMATELY 366 STUDENTS. 28499504 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 1 67 0 1 483 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CO X ALANNA BROWN 3039142521 3800 S PIERCE STREET DENVER CO 80235 MIKE DAVIS HEAD OF SCHOOL 40.00 X 434238 0 101236 ALANNA BROWN BUSINESS MANAGER/CHIEF FIN 40.00 X 191124 0 44551 WILLIAM WOLF-TINSMAN MIDDLE SCHOOL PRINCIPAL 40.00 X 168432 0 55761 RENEE ROCKFORD ASST. TO HEAD OF SCHOOL 40.00 X 156736 0 55017 JONATHAN VOGELS UPPER SCHOOL PRINCIPAL 40.00 X 144722 0 77796 WILLIAM HALL DIRECTOR OF ATHLETICS 40.00 X 135816 0 104327 SONIA ARORA DIRECTOR OF COLLEGE COUNSELING 40.00 X 129343 0 25947 DAVID JONES BOARD CHAIR 1.00 X X 0 0 0 ERIKA MOORE HOLLIS VICE CHAIR 1.00 X X 0 0 0 MARIBETH YOUNGER SECRETARY 1.00 X X 0 0 0 JEFF GELLER TRUSTEE 1.00 X 0 0 0 ELIZABETH CRANE TRUSTEE 1.00 X 0 0 0 CAROLE BUYERS TRUSTEE 1.00 X 0 0 0 MIKE COLPACK TRUSTEE 1.00 X 0 0 0 LIZ ARNOLD TRUSTEE 1.00 X 0 0 0 TOM JORDEN TRUSTEE 1.00 X 0 0 0 BRYAN LEACH TRUSTEE 1.00 X 0 0 0 GEORGE LOCHHEAD TRUSTEE 1.00 X 0 0 0 TATE MCCOY TRUSTEE 1.00 X 0 0 0 NINA MOORE TRUSTEE 1.00 X 0 0 0 TRISHA NOBLE TRUSTEE 1.00 X 0 0 0 DAN GOLDMAN TRUSTEE 1.00 X 0 0 0 LIZ ORTEL TRUSTEE 1.00 X 0 0 0 DICKSON GRISWOLD TRUSTEE 1.00 X 0 0 0 LISA OSMAN TRUSTEE 1.00 X 0 0 0 DOUG ROBINSON TRUSTEE 1.00 X 0 0 0 AMY LIVINGSTON TRUSTEE 1.00 X 0 0 0 TOM WOOTTEN TRUSTEE 1.00 X 0 0 0 MESHACH RHOADES TRUSTEE 1.00 X 0 0 0 ROB STETTNER TRUSTEE 1.00 X 0 0 0 1360411 0 464635 7 0 1 0 FRANSEN PITTMAN GENERAL CONTRACTORS 9563 S KINGSTON CT SUITE 200 ENGLEWOOD CO 80112 CONSTRUCTION SERVICES 2586775 SODEXO INC & AFFILIATES PO BOX 360170 PITTSBURG PA 15251 CAMPUS FOOD SERVICE 1339043 SHEARS ADKINS ROCKMORE 1550 WYNKOOP ST SUITE 100 DENVER CO 80202 ARCHITECT SERVICES 301772 ENVIROMENTAL DESIGNS 12511 EAST 112TH AVE HENDERSON CO 80640 LANDSCAPE DESIGN 191211 FIELDTURF USA INC 175 NORTH INDUSTRAIL BLVD NE CALHOUN GA 30701 ATHLETIC FIELD TURF 167250 10 113005 121895 5974265 105729 6209165 TUITION AND FEES 611710 28935731 28935731 SUMMER AND OTHER PROGRAMS 611710 1340017 1340017 TRANSPORTATION FEES 611710 463910 463910 22513 22513 30762171 887999 887999 42453 0 42453 42453 42453 20660 0 20660 20660 20660 75348 113005 50790 24558 24558 131415 95728 35687 35687 37982693 30840311 0 933217 2835128 2835128 703375 116420 470535 116420 14071456 12331343 1001478 738635 1059639 838069 168648 52922 3477508 2708278 594202 175028 1113511 849855 203394 60262 82551 82551 225040 225040 625440 52587 390135 182718 174398 174398 3189354 2810508 326953 51893 2327351 2056821 232553 37977 92501 92501 INSTRUCTION & IT EXPENS 2964455 2909467 54988 FOOD SERVICES 832714 832714 PROFESSIONAL DEVELOPMEN 190113 158314 26894 4905 BANKING AND PROCESSING 33009 10555 22454 80954 80954 34078497 28499504 4135779 1443214 9465725 15856546 4390862 3386992 268036 142197 50270 68922 573812 202938 81817886 24820232 57820374 56997654 28478127 27244897 181551 159382 101228757 104059528 2305837 2563048 1056371 419679 5052892 5504140 8415100 8486867 X 59867386 61773674 32946271 33798987 92813657 95572661 101228757 104059528 X 3904196 -1131849 -13343 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28693421 313996 -346447 1262018 82551 27316401 27904761 318006 1768892 1217174 81064 28693421 27088859 261234 1802679 1167134 80877 27904761 24618793 1089730 2513379 1053356 79687 27088859 24921432 745967 81629 1053064 77171 24618793 0.02630 0.76330 0.21040 0 0 3651984 3651984 63863236 15978727 47884509 11000014 6314463 4685551 1420076 1163513 256563 1882576 1363529 519047 56997654 TUITION AND FEES PAID IN ADVANCE 5427008 OTHER DEFERRED REVENUE 77132 5504140 X 33919822 -1131849 -2848471 -3980320 37900142 82551 82551 37982693 31160818 0 31160818 82551 2835128 2917679 34078497 PART V, LINE 4: THE ACADEMY'S ENDOWMENT ("ENDOWMENT") IS COMPRISED OF APPROXIMATELY 80 INDIVIDUAL FUNDS ESTABLISHED BY DONORS TO PROVIDE ANNUAL FUNDING FOR SPECIFIC ACTIVITIES AND GENERAL OPERATIONS OF THE ACADEMY. THE ENDOWMENT ALSO INCLUDES CERTAIN UNRESTRICTED NET ASSETS DESIGNATED FOR ENDOWMENT BY THE COLORADO ACADEMY'S BOARD OF TRUSTEES. PART X, LINE 2: THE ACADEMY IS ORGANIZED AS A COLORADO NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(II), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). WE ARE ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, WE ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO OUR EXEMPT PURPOSE. WE HAVE DETERMINED WE ARE NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAVE NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -2,835,128. CHANGE IN VALUE OF BENEFICIAL INTEREST NETTED WITH INCOME ON FINANCIALS -13,343. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 2,835,128. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PERIODICALLY PUBLISHES ITS NON-DISCRIMINATION POLICY WITH RESPECT TO ENROLLMENT AND PARTICIPATION IN PROGRAMS AND ACTIVITIES IN LOCAL NEWSPAPERS AND IN FORMS AND BROCHURES WHICH ARE MADE AVAILABLE TO THE PUBLIC. IN THE CASE OF EMPLOYEES, THE EMPLOYEE HANDBOOK PROVIDES INFORMATION WITH RESPECT TO THE SCHOOL'S NON-DISCRIMINATORY EMPLOYMENT POLICIES. IN ADDITION, THE SCHOOL POSTS ITS NON-DISCRIMINATION POLICY ON ALL JOB POSTINGS. HORIZONS WINE & DINE 188353 113005 75348 2073 11414 5339 CONCERT/AUCTION 31964 188353 113005 75348 2073 11414 37303 50790 24558 1 SCHOLARSHIPS 99 2835128 PART I, LINE 2: ALL SCHOLARSHIP AWARDS ARE BASED ON DEMONSTRATED FINANCIAL NEED. EACH APPLICATION FOR FINANCIAL ASSISTANCE IS REVIEWED BY THE FINANCIAL AID COMMITTEE TO ASSURE QUALIFYING CRITERIA IS FAIRLY AND CONSISTENTLY APPLIED. A COPY OF EACH FINANCIAL ASSISTANCE AWARD LETTER IS GIVEN TO THE BUSINESS OFFICE SO THE AWARDS ARE RECORDED CORRECTLY IN THE FINANCIAL RECORDS OF THE ACADEMY. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 MIKE DAVIS HEAD OF SCHOOL 421134 0 0 0 13104 0 28000 0 74336 0 536574 0 0 0 ALANNA BROWN BUSINESS MANAGER/CHIEF FIN 191124 0 0 0 0 0 19600 0 26051 0 236775 0 0 0 WILLIAM WOLF-TINSMAN MIDDLE SCHOOL PRINCIPAL 168432 0 0 0 0 0 17490 0 39401 0 225323 0 0 0 RENEE ROCKFORD ASST. TO HEAD OF SCHOOL 156736 0 0 0 0 0 15750 0 40367 0 212853 0 0 0 JONATHAN VOGELS UPPER SCHOOL PRINCIPAL 144722 0 0 0 0 0 15245 0 63579 0 223546 0 0 0 WILLIAM HALL DIRECTOR OF ATHLETICS 135816 0 0 0 0 0 10900 0 94391 0 241107 0 0 0 SONIA ARORA DIRECTOR OF COLLEGE COUNSELING 129343 0 0 0 0 0 8086 0 18779 0 156208 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS PROVIDED WITH A PERSONAL RESIDENCE AND AN ADDITIONAL BENEFIT ALLOWANCE TO BE USED FOR ANY OF THE FOLLOWING; AUTOMOBILE EXPENSES, HEALTH CLUB, OR FINANCIAL PLANNING. THE BENEFIT ALLOWANCE IS INCLUDED IN THE HEAD OF SCHOOL'S W-2 WAGES. 102110 TUITION ASSISTANCE TUITION ASSISTANCE X 2 105729 PUBLISHED MARKET PRICE 0 0 0 0 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN (B) IS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 1 COLORADO ACADEMY HAS AN EXECUTIVE COMMITTEE COMPRISED OF THE BOARD CHAIR, THE VICE CHAIR, THE BOARD SECRETARY, THE CHAIR OF THE FINANCE COMMITTEE, AND SUCH OTHER REGULAR AND EX OFFICIO MEMBERS OF THE BOARD AS THE BOARD CHAIR AND THE BOARD MAY APPOINT. IN INSTANCES WHERE A MEETING OF THE FULL BOARD WOULD BE IMPRACTICAL, THE EXECUTIVE COMMITTEE WILL HAVE AND MAY EXERCISE ALL OF THE AUTHORITY OF THE BOARD. MINUTES WILL BE KEPT OF ACTION TAKEN BY THE EXECUTIVE COMMITTEE, WHICH MINUTES WILL BE SUBMITTED TO THE BOARD AT ITS NEXT SUCCEEDING MEETING, BUT FAILURE TO SUBMIT SUCH MINUTES WILL NOT INVALIDATE ANY COMPLETED OR INCOMPLETE ACTION TAKEN BY OR ON BEHALF OF COLORADO ACADEMY UPON AUTHORIZATION OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE COMPLETED FORM 990 TAX RETURN IS PRESENTED FOR REVIEW TO TRUSTEES PRESENT AT THE FINANCE COMMITTEE MEETING, PRIOR TO FILING OF THE RETURN. AT THE MEETING, A REDACTED COPY OF THE FORM 990 IS REVIEWED. THIS COPY IS THEN MADE AVAILABLE FOR REVIEW TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. THE REDACTED COPY OF THE RETURN PROVIDED TO THE TRUSTEES IS THE SAME AS THE ACTUAL RETURN FILED EXCEPT FOR THE FOLLOWING INFORMATION WHICH IS REMOVED TO PROTECT INDIVIDUAL PRIVACY RIGHTS - THE NAMES AND ADDRESSES OF DONORS ON SCHEDULE B, THE COMPENSATION AMOUNTS ON FORM 990 PART VII, AND SCHEDULE J, PART I AND PART II. FORM 990, PART VI, SECTION B, LINE 12C SIGNED CONFLICT OF INTEREST STATEMENTS ARE OBTAINED EACH SCHOOL YEAR FROM ALL TRUSTEES AND KEY ADMINISTRATORS. IN THE EVENT OF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST BY EITHER A TRUSTEE OR KEY ADMINISTRATOR, THEY SHALL IMMEDIATELY DISCLOSE THE EXISTENCE OF SUCH CONFLICT TO THE PRESIDENT OF THE BOARD OF TRUSTEES OR TO THE HEAD OF SCHOOL, AS APPROPRIATE. IN THE EVENT OF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST BY THE HEAD OF SCHOOL, THEY SHALL IMMEDIATELY DISCLOSE THE EXISTENCE OF SUCH CONFLICT TO THE PRESIDENT OF THE BOARD OF TRUSTEES. IN THE EVENT OF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST BY THE PRESIDENT OF THE BOARD OF TRUSTEES, THEY SHALL IMMEDIATELY DISCLOSE THE EXISTENCE OF SUCH CONFLICT TO THE VICE PRESIDENT OF THE BOARD OF TRUSTEES. A TRUSTEE OR AN ADMINISTRATOR (OR A MEMBER OF HIS OR HER FAMILY) WHO OWNS OR CONTROLS THE STOCK OF A PUBLICLY TRADED COMPANY THAT IS INVOLVED IN A TRANSACTION, CONTRACT, OR OTHER RELATIONSHIP WITH THE SCHOOL WILL NOT BE DEEMED TO HAVE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST REQUIRING DISCLOSURE IF SUCH OWNERSHIP OR CONTROL IS OF LESS THAN ONE PERCENT (1%) OF THE VOTING STOCK OF SUCH COMPANY. WHILE THE FOREGOING STOCK INTEREST IN A PUBLICLY TRADED COMPANY WILL NOT CONSTITUTE A CONFLICT OF INTEREST, THE ADMINISTRATOR SHOULD NEVERTHELESS DISCLOSE THE NATURE OF THE ADMINISTRATOR'S RELATIONSHIP WITH THE PUBLIC COMPANY PRIOR TO THE CONSIDERATION OF THE TRANSACTION, CONTRACT, OR OTHER RELATIONSHIP WITH THE SCHOOL. THE PRESIDENT OR HEAD OF SCHOOL AS APPROPRIATE DEPENDING ON THE INDIVIDUAL WITH THE CONFLICT AS DESCRIBED ABOVE, SHALL REVIEW FACTS AND CIRCUMSTANCES OF THE CONFLICT AND SHALL MAKE HIS/HER RECOMMENDATION IN ACCORDANCE WITH THE PROCEDURES SET FORTH BELOW: ANY LOAN FROM THE SCHOOL TO A TRUSTEE OR TO A KEY ADMINISTRATOR IS PROHIBITED; ANY OTHER TRANSACTION, CONTRACT, OR RELATIONSHIP THAT IS NOT PROHIBITED BY LAW AND THAT INVOLVES AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST MAY BE PERMITTED IF THE EXISTENCE OF THE ACTUAL OR POTENTIAL CONFLICT AND THE MATERIAL FACTS ARE DISCLOSED TO THE PRESIDENT OR HEAD OF SCHOOL AND (I) THE PRESIDENT OR HEAD OF SCHOOL IN GOOD FAITH AUTHORIZES, APPROVES, OR RATIFIES THE TRANSACTION, CONTRACT OR RELATIONSHIP AT ISSUE (II) THE PRESIDENT OR HEAD OF SCHOOL DETERMINES THAT THE SCHOOL CANNOT OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION, CONTRACT, OR RELATIONSHIP FROM AN ENTITY OR INDIVIDUAL THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, OR (III) THE SUBJECT TRANSACTION, CONTRACT OR RELATIONSHIP IS FAIR TO THE SCHOOL. THE INTERESTED TRUSTEE OR ADMINISTRATOR MAY BE PROHIBITED FROM PARTICIPATING IN THE MEETING AT WHICH THE PRESIDENT OR HEAD OF SCHOOL DETERMINES WHETHER TO AUTHORIZE, APPROVE, OR RATIFY THE SUBJECT TRANSACTION, CONTRACT, OR RELATIONSHIP. NORMALLY, AN INTERESTED TRUSTEE OR ADMINISTRATOR WILL BE ALLOWED TO PARTICIPATE IN THE DISCUSSION OF THE MATTER IN QUESTION BUT WILL RECUSE HIMSELF OR HERSELF FROM THE FINAL DECISION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE HEAD OF SCHOOL, BUSINESS MANAGER, AND ASSISTANT HEAD OF SCHOOL FOR ADVANCEMENT AND EXTERNAL AFFAIRS IS REVIEWED AND APPROVED ANNUALLY BY THE FINANCE COMMITTEE PRIOR TO THE ISSUANCE OF EMPLOYMENT CONTRACTS. COMPARABILITY SALARY DATA FOR SIMILAR POSITIONS AT SCHOOLS SIMILAR TO COLORADO ACADEMY IS OBTAINED AND SHARED WITH TRUSTEES. THE COMPARABILITY DATA INCLUDES NATIONAL AND LOCAL SCHOOL GROUPS. MINUTES OF THE MEETINGS AT WHICH COMPENSATION IS REVIEWED AND APPROVED ARE KEPT. THE MINUTES RECORD THE DISCUSSION AND RATIONAL FOR EACH APPROVED SALARY. THE FISCAL YEAR 2019 AND 2020 SALARIES FOR THE BUSINESS MANAGER, ASSISTANT HEAD OF SCHOOL FOR ADVANCEMENT AND EXTERNAL AFFAIRS, AND HEAD OF SCHOOL WERE APPROVED BY THE FINANCE COMMITTEE ON JANUARY 17, 2018. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONALLY, ALL OF THE DOCUMENTS ARE LOCATED IN THE ACADEMY'S BUSINESS OFFICE WHICH IS OPEN TO THE PUBLIC DURING REGULAR BUSINESS HOURS THROUGHOUT THE YEAR. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST -13,343. PERPETUAL TRUST 3800 SOUTH PIERCE ST DENVER CO 80235 CHARITABLE PERPETUAL TRUST CO COLORADO ACADEMY T -22169 159382 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1