2017-12-04T19:04:22-06:00 2017-06-30 450250958 EIDE BAILLY LLP 7001 E BELLEVIEW AVE SUITE 700 DENVER CO 80237 990 2016-07-01 200896938 ASPEN PREP ACADEMY ASPE 3033463500 5859 S UNIVERSITY BLVD GREENWOOD VILLAGE CO 80121 KRISTINA SCALA HEAD OF SCHOOL 3033463500 2017-11-28 1 KYLE FRITCH CPA P01313374 3037705700 2017-11-28 50.203.234.82 2017-11-28 16:13:17 MS P BF463B22B24933C46732A13A912D6E774CC2D2AE 38E7B26ACDED65A6206348105EC66FC115FD0A44 2016 2017-02-10 21:41:12Z KRISTINA SCALA 5859 S UNIVERSITY BLVD GREENWOOD VILLAGE CO 80121 7800381 0 X WWW.ASPENACADEMY.ORG X 2004 CO TO GROW THE HEARTS AND MINDS OF CHILDREN THROUGH A NATIONAL LEARNING MODEL. 11 11 134 400 0 0 744911 564632 6821553 7069485 7213 18763 -17519 90892 7556158 7743772 1044299 251092 0 0 3914178 4265164 0 0 374304 1737482 1990450 6695959 6506706 860199 1237066 4370193 4650134 3782792 3740279 587401 909855 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. 0 0 5441204 251092 7069485 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. 5441204 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 24 0 1 134 1 0 0 0 0 0 1 1 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO X MICHELE BURNETT 3033463500 5859 S UNIVERSITY BLVD GREENWOOD VILLAGE CO 80121 CHRISTINA RICHARDSON BOARD CHAIR 5.00 0.50 X X 0 0 0 GEORGE SPARKS VICE CHAIR 2.50 0.50 X X 0 0 0 CARL ALGERMISSEN GOVERNANCE & TRUSTEE CHAIR 1.00 0.50 X X 0 0 0 JACK KEENAN FINANCE CHAIR 2.00 3.00 X X 0 0 0 LEW KLING TRUSTEE/COMPENSATION CHAIR 1.00 0.50 X 0 0 0 DARRELL WATTERS TRUSTEE/INVESTMENT CHAIR 1.00 1.00 X 0 0 0 JACKIE GRIGGS TRUSTEE 0.50 0.50 X 0 0 0 KAREN LEAFFER TRUSTEE 0.50 0.50 X 0 0 0 ERNIE PANASCI TRUSTEE 0.50 0.50 X 0 0 0 SUZANNE GOODSPEED TRUSTEE 0.50 0.50 X 0 0 0 LORI TAYLOR TRUSTEE 0.50 0.50 X 0 0 0 KRISTINA SCALA PRESIDENT/HEAD OF SCHOOL 60.00 5.00 X 293895 0 84483 LYNDA SAILOR CO-FOUNDER/BUSINESS & OPERATIONS 40.00 X 133712 0 10481 LARA KNUETTEL DIRECTOR OF ADVANCEMENT 40.00 X 110691 0 3123 538298 0 98087 3 0 1 0 KTK GENERAL CONTRACTING 3755 W 69TH PLACE WESTMINSTER CO 80030 GENERAL CONSTRUCTION 141277 ALERIO TECHNOLOGY 7808 CHERRY CREEK SOUTH DR DENVER CO 80231 IT SERVICES 120616 CITY WIDE MAINTENANCE 3131 S VAUGHN WAY STE 600 AURORA CO 80014 FACILITY MAINTENANCE 120158 3 94754 469878 564632 TUITION 611600 6849661 6849661 EXTRACURRICULAR 611710 153419 153419 PARENT CIVIC ORGANIZAT 611710 43407 43407 BEAR'S STUDENT ENTERPR 611710 16416 16416 6582 6582 7069485 7172 7172 41848 0 41848 41848 41848 8992 2599 0 0 8992 2599 11591 11591 105653 94754 56609 49044 49044 7743772 7069485 0 109655 251092 251092 427736 299416 64161 64159 3205091 2718238 350980 135873 142261 113621 22579 6061 225246 180291 35467 9488 264830 226403 23332 15095 35226 35226 25716 25716 5920 5920 40712 38836 1876 88635 51943 22863 13829 99657 88711 8878 2068 662266 651288 8870 2108 30331 12996 16969 366 1683 1564 82 37 193249 165209 17025 11015 70230 61231 2194 6805 CURRICULUM AND SUPPLIES 232986 231714 1272 PROFESSIONAL DEVELOPMEN 143135 103681 33440 6014 REPAIRS AND MAINTENANCE 138356 128169 7311 2876 BAD DEBT EXPENSE 71584 0 71584 150764 110881 12957 26926 6506706 5441204 691198 374304 3128174 3168525 340573 153465 8172 25717 20666 80315 1623211 518845 829579 1104366 43029 117746 4370193 4650134 906059 699489 2833704 2812213 110831 43029 117746 3782792 3740279 X 301393 474362 286008 435493 587401 909855 4370193 4650134 X 1237066 -914612 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1319095 518845 800250 304116 304116 1104366 DEFERRED COMPENSATION LIABILITIES 117746 117746 X 7501688 -251092 -251092 7752780 -9008 -9008 7743772 6264622 9008 9008 6255614 251092 251092 6506706 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ASPEN PREP ACADEMY POSTS AN AD IN THE DENVER POST NEWSPAPER ANNUALLY STATING ITS NONDISCRIMINATORY POLICY. DINNER & AUCTION 182245 76592 105653 4055 2500 28126 1937 10983 CARNIVAL 18162 18162 6900 2108 200407 94754 105653 4055 2500 28126 8837 13091 56609 49044 1 TUITION ASSISTANCE/SCHOLARSHIPS 25 146922 TUITION REMISSION 11 104170 PART I, LINE 2: 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. X X X 0 1 0 0 0 0 0 0 0 KRISTINA SCALA PRESIDENT/HEAD OF SCHOOL 293895 0 0 0 0 0 68321 0 16162 0 378378 0 0 0 PART I, LINE 4B 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. 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. ASPEN ACADEMY INVESTMENT FUND 5859 S UNIVERSITY BLVD GREENWOOD VILLAGE CO 80121 452300786 INVESTMENT CO 501(C)(3) LINE 11B, II ASPEN PREP ACADEMY 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 ASPEN ACADEMY INVESTMENT FUND R 914612 CASH ASPEN ACADEMY INVESTMENT FUND K 562607 CASH