ASPEN PREP ACADEMY: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- ASPEN PREP ACADEMY (EIN 20-0896938)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2017-12-04
- IRS object ID
- 201743389349300344
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-12-04T19:04:22-06:00 | ReturnTs |
| Tax Period End | 2017-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 450250958 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EIDE BAILLY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7001 E BELLEVIEW AVE SUITE 700 | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80237 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200896938 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ASPEN PREP ACADEMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ASPE | BusinessNameControlTxt |
| Phone | 3033463500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5859 S UNIVERSITY BLVD | AddressLine1Txt |
| City | GREENWOOD VILLAGE | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80121 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KRISTINA SCALA | PersonNm |
| Person Title | HEAD OF SCHOOL | PersonTitleTxt |
| Phone | 3033463500 | PhoneNum |
| Signature | 2017-11-28 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KYLE FRITCH CPA | PreparerPersonNm |
| PTIN | P01313374 | PTIN |
| Phone | 3037705700 | PhoneNum |
| Preparation | 2017-11-28 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 50.203.234.82 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-11-28 | IPDt |
| IP Tm | 16:13:17 | IPTm |
| IP Timezone | MS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | BF463B22B24933C46732A13A912D6E774CC2D2AE | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 38E7B26ACDED65A6206348105EC66FC115FD0A44 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KRISTINA SCALA | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5859 S UNIVERSITY BLVD | AddressLine1Txt |
| City | GREENWOOD VILLAGE | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80121 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $7,800,381 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ASPENACADEMY.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2004 | FormationYr |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Activity Or Mission | TO GROW THE HEARTS AND MINDS OF CHILDREN THROUGH A NATIONAL LEARNING MODEL. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 134 | TotalEmployeeCnt |
| Total Volunteers | 400 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $744,911 | PYContributionsGrantsAmt |
| CY Contributions Grants | $564,632 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $6,821,553 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $7,069,485 | CYProgramServiceRevenueAmt |
| PY Investment Income | $7,213 | PYInvestmentIncomeAmt |
| CY Investment Income | $18,763 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$17,519 | PYOtherRevenueAmt |
| CY Other Revenue | $90,892 | CYOtherRevenueAmt |
| PY Total Revenue | $7,556,158 | PYTotalRevenueAmt |
| CY Total Revenue | $7,743,772 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,044,299 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $251,092 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,914,178 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,265,164 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $374,304 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,737,482 | PYOtherExpensesAmt |
| CY Other Expenses | $1,990,450 | CYOtherExpensesAmt |
| PY Total Expenses | $6,695,959 | PYTotalExpensesAmt |
| CY Total Expenses | $6,506,706 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $860,199 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,237,066 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $4,370,193 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,650,134 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,782,792 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,740,279 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $587,401 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $909,855 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO GROW THE HEARTS AND MINDS OF CHILDREN THROUGH A NATIONAL LEARNING MODEL EMPHASIZING ACADEMIC EXCELLENCE, CHARACTER AND LEADERSHIP DEVELOPMENT, AND THE PROMOTION OF COMMUNITY STRENGTH AND SERVICE SO THAT OUR STUDENTS WILL GO ON TO HELP MAKE THE WORLD A BETTER PLACE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $5,441,204 | ExpenseAmt |
| Grant | $251,092 | GrantAmt |
| Revenue | $7,069,485 | RevenueAmt |
| Desc | ASPEN PREP ACADEMY ("APA") IS AN INDEPENDENT JUNIOR KINDERGARTEN THROUGH EIGHTH GRADE SCHOOL SPECIALIZING IN PROVIDING PERSONALIZED EDUCATION BASED ON STUDENTS' ABILITIES AND PERFORMANCE LEVELS, NEUROLOGICAL LEARNING STRENGTHS, AS WELL AS THEIR PERSONAL INTERESTS. APA'S MISSION IS TO CULTIVATE EXCELLENCE IN ACADEMIC RIGOR, CHARACTER AND LEADERSHIP DEVELOPMENT, AND COMMUNITY STRENGTH AND SERVICE. APA SERVES APPROXIMATELY 400 STUDENTS IN THE DENVER METROPOLITAN AREA. | Desc |
| Total Program Service Expenses | $5,441,204 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 24 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 134 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHELE BURNETT | PersonNm |
| Phone | 3033463500 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5859 S UNIVERSITY BLVD | AddressLine1Txt |
| City | GREENWOOD VILLAGE | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80121 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| CHRISTINA RICHARDSON | ||||||||
| BOARD CHAIR | 5.00 | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| GEORGE SPARKS | ||||||||
| VICE CHAIR | 2.50 | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| CARL ALGERMISSEN | ||||||||
| GOVERNANCE & TRUSTEE CHAIR | 1.00 | 0.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JACK KEENAN | ||||||||
| FINANCE CHAIR | 2.00 | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| LEW KLING | ||||||||
| TRUSTEE/COMPENSATION CHAIR | 1.00 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| DARRELL WATTERS | ||||||||
| TRUSTEE/INVESTMENT CHAIR | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JACKIE GRIGGS | ||||||||
| TRUSTEE | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| KAREN LEAFFER | ||||||||
| TRUSTEE | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| ERNIE PANASCI | ||||||||
| TRUSTEE | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| SUZANNE GOODSPEED | ||||||||
| TRUSTEE | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| LORI TAYLOR | ||||||||
| TRUSTEE | 0.50 | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| KRISTINA SCALA | ||||||||
| PRESIDENT/HEAD OF SCHOOL | 60.00 | 5.00 | Yes (X) | $293,895 | $0 | $84,483 | ||
| LYNDA SAILOR | ||||||||
| CO-FOUNDER/BUSINESS & OPERATIONS | 40.00 | $133,712 | $0 | $10,481 | Yes (X) | |||
| LARA KNUETTEL | ||||||||
| DIRECTOR OF ADVANCEMENT | 40.00 | $110,691 | $0 | $3,123 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $538,298 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $98,087 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| KTK GENERAL CONTRACTING | |||||
| 3755 W 69TH PLACE | WESTMINSTER | CO | 80030 | GENERAL CONSTRUCTION | $141,277 |
| ALERIO TECHNOLOGY | |||||
| 7808 CHERRY CREEK SOUTH DR | DENVER | CO | 80231 | IT SERVICES | $120,616 |
| CITY WIDE MAINTENANCE | |||||
| 3131 S VAUGHN WAY STE 600 | AURORA | CO | 80014 | FACILITY MAINTENANCE | $120,158 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $94,754 | FundraisingAmt |
| All Other Contributions | $469,878 | AllOtherContributionsAmt |
| Total Contributions | $564,632 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION | 611600 | $6,849,661 | $6,849,661 |
| EXTRACURRICULAR | 611710 | $153,419 | $153,419 |
| PARENT CIVIC ORGANIZAT | 611710 | $43,407 | $43,407 |
| BEAR'S STUDENT ENTERPR | 611710 | $16,416 | $16,416 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,582 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $6,582 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $7,069,485 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,172 | TotalRevenueColumnAmt |
| Exclusion | $7,172 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $41,848 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $41,848 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $41,848 | TotalRevenueColumnAmt |
| Exclusion | $41,848 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,992 | SecuritiesAmt |
| Other | $2,599 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,992 | SecuritiesAmt |
| Other | $2,599 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,591 | TotalRevenueColumnAmt |
| Exclusion | $11,591 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $105,653 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $94,754 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $56,609 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $49,044 | TotalRevenueColumnAmt |
| Exclusion | $49,044 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,743,772 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,069,485 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $109,655 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $251,092 | TotalAmt |
| Program Services | $251,092 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $427,736 | TotalAmt |
| Program Services | $299,416 | ProgramServicesAmt |
| Management And General | $64,161 | ManagementAndGeneralAmt |
| Fundraising | $64,159 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,205,091 | TotalAmt |
| Program Services | $2,718,238 | ProgramServicesAmt |
| Management And General | $350,980 | ManagementAndGeneralAmt |
| Fundraising | $135,873 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $142,261 | TotalAmt |
| Program Services | $113,621 | ProgramServicesAmt |
| Management And General | $22,579 | ManagementAndGeneralAmt |
| Fundraising | $6,061 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $225,246 | TotalAmt |
| Program Services | $180,291 | ProgramServicesAmt |
| Management And General | $35,467 | ManagementAndGeneralAmt |
| Fundraising | $9,488 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $264,830 | TotalAmt |
| Program Services | $226,403 | ProgramServicesAmt |
| Management And General | $23,332 | ManagementAndGeneralAmt |
| Fundraising | $15,095 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,226 | TotalAmt |
| Management And General | $35,226 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,716 | TotalAmt |
| Management And General | $25,716 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,920 | TotalAmt |
| Program Services | $5,920 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,712 | TotalAmt |
| Program Services | $38,836 | ProgramServicesAmt |
| Management And General | $1,876 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,635 | TotalAmt |
| Program Services | $51,943 | ProgramServicesAmt |
| Management And General | $22,863 | ManagementAndGeneralAmt |
| Fundraising | $13,829 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,657 | TotalAmt |
| Program Services | $88,711 | ProgramServicesAmt |
| Management And General | $8,878 | ManagementAndGeneralAmt |
| Fundraising | $2,068 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $662,266 | TotalAmt |
| Program Services | $651,288 | ProgramServicesAmt |
| Management And General | $8,870 | ManagementAndGeneralAmt |
| Fundraising | $2,108 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,331 | TotalAmt |
| Program Services | $12,996 | ProgramServicesAmt |
| Management And General | $16,969 | ManagementAndGeneralAmt |
| Fundraising | $366 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,683 | TotalAmt |
| Program Services | $1,564 | ProgramServicesAmt |
| Management And General | $82 | ManagementAndGeneralAmt |
| Fundraising | $37 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $193,249 | TotalAmt |
| Program Services | $165,209 | ProgramServicesAmt |
| Management And General | $17,025 | ManagementAndGeneralAmt |
| Fundraising | $11,015 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,230 | TotalAmt |
| Program Services | $61,231 | ProgramServicesAmt |
| Management And General | $2,194 | ManagementAndGeneralAmt |
| Fundraising | $6,805 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| CURRICULUM AND SUPPLIES | $232,986 | $231,714 | $1,272 | |
| PROFESSIONAL DEVELOPMEN | $143,135 | $103,681 | $33,440 | $6,014 |
| REPAIRS AND MAINTENANCE | $138,356 | $128,169 | $7,311 | $2,876 |
| BAD DEBT EXPENSE | $71,584 | $0 | $71,584 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,764 | TotalAmt |
| Program Services | $110,881 | ProgramServicesAmt |
| Management And General | $12,957 | ManagementAndGeneralAmt |
| Fundraising | $26,926 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,506,706 | TotalAmt |
| Program Services | $5,441,204 | ProgramServicesAmt |
| Management And General | $691,198 | ManagementAndGeneralAmt |
| Fundraising | $374,304 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,128,174 | BOYAmt |
| EOY | $3,168,525 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $340,573 | BOYAmt |
| EOY | $153,465 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,172 | BOYAmt |
| EOY | $25,717 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,666 | BOYAmt |
| EOY | $80,315 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,623,211 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $518,845 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $829,579 | BOYAmt |
| EOY | $1,104,366 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,029 | BOYAmt |
| EOY | $117,746 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,370,193 | BOYAmt |
| EOY | $4,650,134 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $906,059 | BOYAmt |
| EOY | $699,489 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,833,704 | BOYAmt |
| EOY | $2,812,213 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $110,831 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,029 | BOYAmt |
| EOY | $117,746 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,782,792 | BOYAmt |
| EOY | $3,740,279 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $301,393 | BOYAmt |
| EOY | $474,362 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $286,008 | BOYAmt |
| EOY | $435,493 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $587,401 | BOYAmt |
| EOY | $909,855 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,370,193 | BOYAmt |
| EOY | $4,650,134 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,237,066 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$914,612 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,319,095 | OtherCostOrOtherBasisAmt |
| Depreciation | $518,845 | DepreciationAmt |
| Book Value | $800,250 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $304,116 | OtherCostOrOtherBasisAmt |
| Book Value | $304,116 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,104,366 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED COMPENSATION LIABILITIES | Desc |
| Amt | $117,746 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $117,746 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $7,501,688 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | -$251,092 | OtherRevenueAmt |
| Revenue Not Reported | -$251,092 | RevenueNotReportedAmt |
| Revenue Subtotal | $7,752,780 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$9,008 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$9,008 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $7,743,772 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $6,264,622 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $9,008 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $9,008 | ExpensesNotReportedAmt |
| Expenses Subtotal | $6,255,614 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $251,092 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $251,092 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $6,506,706 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | ASPEN PREP ACADEMY AND ASPEN ACADEMY INVESTMENT FUND ARE ORGANIZED AS COLORADO NONPROFIT CORPORATIONS AND HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3). APA QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(II). APA AND AAIF HAVE BEEN DETERMINED NOT TO BE PRIVATE FOUNDATIONS UNDER SECTIONS 509(A)(1) AND (3), RESPECTIVELY. EACH ENTITY IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ENTITIES ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. MANAGEMENT HAS DETERMINED THAT EACH ENTITY IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | TUITION ASSISTANCE NETTED WITH INCOME ON AUDITED FINANCIALS -251,092. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSES NETTED WITH INCOME ON FORM 990 -9,008. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSES NETTED WITH INCOME ON FORM 990 9,008. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | TUITION ASSISTANCE NETTED WITH INCOME ON AUDITED FINANCIALS 251,092. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | ASPEN PREP ACADEMY POSTS AN AD IN THE DENVER POST NEWSPAPER ANNUALLY STATING ITS NONDISCRIMINATORY POLICY. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | DINNER & AUCTION | Event1Nm |
| Gross Receipts Event1 | $182,245 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $76,592 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $105,653 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $4,055 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $2,500 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $28,126 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $1,937 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $10,983 | OtherDirectExpensesEvent1Amt |
| Event2 | CARNIVAL | Event2Nm |
| Gross Receipts Event2 | $18,162 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $18,162 | CharitableContriEvent2Amt |
| Entertainment Event2 | $6,900 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $2,108 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $200,407 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $94,754 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $105,653 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $4,055 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $2,500 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $28,126 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $8,837 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $13,091 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $56,609 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $49,044 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt |
|---|---|---|
| TUITION ASSISTANCE/SCHOLARSHIPS | 25 | $146,922 |
| TUITION REMISSION | 11 | $104,170 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | FINANCIAL AID AT ASPEN ACADEMY IS AWARDED ON THE BASIS OF DEMONSTRATED NEED. THIS IS DETERMINED BY FACTORS SUCH AS INCOME, NUMBER OF CHILDREN, AGE OF PARENTS, UNUSUAL MEDICAL EXPENSES, TAXES, ASSETS, LIABILITIES, AND OTHER TUITION-BASED SCHOOLS. APPLICANTS APPLY ONLINE AND RESULTS ARE REVIEWED BY THE FINANCIAL AID COMMITTEE, WHICH MAKES AWARD DETERMINATIONS BASED ON NEXT YEAR'S FINANCIAL AID BUDGET. FUNDS AWARDED TO STUDENTS ARE APPLIED DIRECTLY TO THEIR TUITION ACCOUNT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KRISTINA SCALA | PersonNm |
| Title | PRESIDENT/HEAD OF SCHOOL | TitleTxt |
| Base Compensation Filing Org | $293,895 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $68,321 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $16,162 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $378,378 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4B | FormAndLineReferenceDesc |
| Explanation | DURING 2016, ASPEN PREP ACADEMY ESTABLISHED A NONQUALIFIED DEFERRED COMPENSATION PROGRAM, PURSUANT TO THE PROVISIONS OF SECTION 457(F) OF THE INTERNAL REVENUE CODE, FOR THE BENEFIT OF A KEY EMPLOYEE. DURING CALENDAR YEAR 2016, THE ACADEMY CONTRIBUTED $61,000 TO THE PLAN ON BEHALF OF THE PRESIDENT/HEAD OF SCHOOL. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE BUSINESS MANAGER AND DIRECTOR OF BUSINESS AND OPERATIONS REVIEW THE 990 AND REPORT THEIR ANALYSIS TO THE FINANCE COMMITTEE FOR APPROVAL PRIOR TO FILING THE REPORT. IN ADDITION, AN ELECTRONIC COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD FOR REVIEW AND APPROVAL BEFORE FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ANY INDIVIDUAL IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF THE ORGANIZATION, WHICH SPECIFICALLY INCLUDES OFFICERS AND TRUSTEES OF THE ORGANIZATION. THE EXISTENCE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST IS REVIEWED BY THE BOARD OF TRUSTEES. IF CONFLICTS ARE DETERMINED, THE PERSON WITH THE CONFLICT IS EXCLUDED FROM THE MEETING/DECISION AND WILL REFRAIN FROM VOTING ON THE MATTER. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL AND SENIOR DIRECTORS IS REVIEWED ON AN ANNUAL BASIS BY AN INDEPENDENT COMMITTEE USING ANALYSIS FROM BOTH INTERNAL (PERFORMANCE REVIEW) AND EXTERNAL SOURCES (COMPARABLE WAGES FOR PROFESSION IN THE AREA). WRITTEN SUBSTANTIATION IS INCLUDED IN THE BOARD OF DIRECTORS MINUTES AS DOCUMENTATION FOR COMPENSATION DECISIONS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | INTER-FUND TRANSFER TO RELATED ORGANIZATION -914,612. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ASPEN ACADEMY INVESTMENT FUND | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5859 S UNIVERSITY BLVD | AddressLine1Txt |
| City | GREENWOOD VILLAGE | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80121 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 452300786 | EIN |
| Primary Activities | INVESTMENT | PrimaryActivitiesTxt |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 11B, II | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ASPEN PREP ACADEMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| ASPEN ACADEMY INVESTMENT FUND | ||
| R | $914,612 | CASH |
| ASPEN ACADEMY INVESTMENT FUND | ||
| K | $562,607 | CASH |