COLORADO ACADEMY: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- COLORADO ACADEMY (EIN 84-0421874)
- Tax period
- 2014-07-01 to 2015-06-30
- Filed
- 2016-01-29
- IRS object ID
- 201610299349301361
- Schema version
- 2014v6.0
- 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 L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-01-29T16:49:42-06:00 | ReturnTs |
| Tax Period End | 2015-06-30 | 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 | 5299 DTC BLVD STE 1000 | AddressLine1Txt |
| City | GREENWOOD VILLAGE | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 840421874 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COLORADO ACADEMY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | COLO | BusinessNameControlTxt |
| Phone | 3039861501 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3800 SOUTH PIERCE ST | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80235 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ALANNA BROWN | PersonNm |
| Person Title | BUSINESS MANAGER/CFO | PersonTitleTxt |
| Phone | 3039861501 | PhoneNum |
| Signature | 2016-01-29 | 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 | 2016-01-29 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-04-25 22:37:26Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ALANNA BROWN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3800 SOUTH PIERCE ST | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80235 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $36,184,449 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.COLORADOACADEMY.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1906 | FormationYr |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Activity Or Mission | EDUCATE AND CHALLENGE STUDENTS ETHICALLY, ACADEMICALLY, ARTISTICALLY, AND ATHLETICALLY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 24 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 24 | VotingMembersIndependentCnt |
| Total Employee | 530 | TotalEmployeeCnt |
| Total Volunteers | 775 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,311,631 | PYContributionsGrantsAmt |
| CY Contributions Grants | $4,362,763 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $23,910,101 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $25,056,532 | CYProgramServiceRevenueAmt |
| PY Investment Income | $729,339 | PYInvestmentIncomeAmt |
| CY Investment Income | $713,010 | CYInvestmentIncomeAmt |
| PY Other Revenue | $30,584 | PYOtherRevenueAmt |
| CY Other Revenue | -$26,146 | CYOtherRevenueAmt |
| PY Total Revenue | $26,981,655 | PYTotalRevenueAmt |
| CY Total Revenue | $30,106,159 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,156,893 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $2,301,067 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $15,652,670 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $16,390,881 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $889,834 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,542,443 | PYOtherExpensesAmt |
| CY Other Expenses | $9,783,076 | CYOtherExpensesAmt |
| PY Total Expenses | $27,352,006 | PYTotalExpensesAmt |
| CY Total Expenses | $28,475,024 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$370,351 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,631,135 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $73,785,822 | TotalAssetsBOYAmt |
| Total Assets EOY | $75,662,783 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $6,798,829 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,109,982 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $66,986,993 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $68,552,801 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | A DYNAMIC LIBERAL ARTS AND SCIENCES PROGRAM THAT CHALLENGES STUDENTS ETHICALLY, ACADEMICALLY, ARTISTICALLY, AND ATHLETICALLY CREATES THE FOUNDATION FOR COLORADO ACADEMY. TEACHERS, STUDENTS, PARENTS, AND STAFF FOSTER TRUSTING AND RESPECTFUL RELATIONSHIPS, ENHANCING OUR THRIVING SCHOOL FAMILY. STUDENTS PURSUE EXCELLENCE AND SEEK TO BECOME LIFE-LONG LEARNERS AND CONTRIBUTORS IN OUR LOCAL AND INTERNATIONAL COMMUNITIES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $21,486,048 | ExpenseAmt |
| Grant | $2,301,067 | GrantAmt |
| Revenue | $23,042,363 | RevenueAmt |
| Desc | EDUCATION OF 950 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 | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,966,909 | ExpenseAmt |
| Revenue | $1,540,334 | RevenueAmt |
| Desc | SUMMER AND OTHER PROGRAMS FOR APPROXIMATELY 1,000 STUDENTS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $757,170 | ExpenseAmt |
| Revenue | $529,092 | RevenueAmt |
| Desc | TRANSPORTATION TO AND FROM SCHOOL IS USED BY APPROXIMATELY 300 STUDENTS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $24,210,127 | 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 | Yes (1) | 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 | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | 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 | Yes (1) | 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 | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | Yes (1) | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 96 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 530 | 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 | 24 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 24 | 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 | 0 | 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
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALANNA BROWN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3039142521 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3800 S PIERCE STREET | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80235 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (31 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| PETER CULSHAW | |||||||
| BOARD CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| ROB SADLER | |||||||
| BOARD VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| CELIA SHENEMAN | |||||||
| BOARD SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| CHRIS BITTMAN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN BURSTEIN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LAURENCE CHANG | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MIKE COLPACK | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| IVETTE DRAWE | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MIKE FRIES | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| GAIL FRITZINGER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LESLIE HOWARD | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DAVID JONES | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| HEATHER KEMPER MILLER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JIM KIDDER | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| GARY LUTZ | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SHARON MAFFEI | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BROOKE MALOY | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BRYAN RITZ | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MINYOUNG SOHN | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DICKSON GRISWOLD | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ELIZA PRALL | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DOUG ROBINSON | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RICK STONE | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRIS WRIGHT | |||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MIKE DAVIS | |||||||
| HEAD OF SCHOOL | 40.00 | Yes (X) | $315,922 | $0 | $85,608 | ||
| ALANNA BROWN | |||||||
| BUSINESS MANAGER/CFO | 40.00 | Yes (X) | $159,626 | $0 | $23,815 | ||
| ROBERT SCHMITZ | |||||||
| DIRECTOR OF DEVELOPMENT | 40.00 | $159,121 | $0 | $27,726 | Yes (X) | ||
| WILLIAM WOLF-TINSMAN | |||||||
| MIDDLE SCHOOL PRINCIPAL | 40.00 | $142,912 | $0 | $20,776 | Yes (X) | ||
| JONATHAN VOGELS | |||||||
| UPPER SCHOOL PRINCIPAL | 40.00 | $124,883 | $0 | $49,022 | Yes (X) | ||
| LISA ULSH | |||||||
| LOWER SCHOOL PRINCIPAL | 40.00 | $127,755 | $0 | $15,234 | Yes (X) | ||
| WILLIAM HALL | |||||||
| DIRECTOR OF ATHLETICS | 40.00 | $118,858 | $0 | $54,384 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,149,077 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $276,565 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SODEXO INC AND AFFILIATES | |||||
| DEPT 880328 | LOS ANGELES | CA | 90088 | FOOD SERVICE MANAGEMENT | $1,191,404 |
| AMERICAN CIVIL CONSTRUCTORS | |||||
| 4901 S WINDERMERE ST | LITTLETON | CO | 80120 | CONTRACTORS | $220,409 |
| HAYNES MECHANICAL SYSTEMS | |||||
| LOCKBOX 5243 | DENVER | CO | 80217 | HVAC SERVICES | $150,499 |
| WORLD LEADERSHIP SCHOOL | |||||
| 5595 SUNSHINE CANYON DR | BOULDER | CO | 803028770 | STUDENT TRAVEL | $125,478 |
| PUBLICATION DESIGN INC | |||||
| 3798 MARSHALL ST | WHEAT RIDGE | CO | 80033 | PRINTING | $125,454 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $723,501 | FundraisingAmt |
| All Other Contributions | $3,639,262 | AllOtherContributionsAmt |
| Noncash Contributions | $281,314 | NoncashContributionsAmt |
| Total Contributions | $4,362,763 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611710 | $23,042,363 | $23,042,363 |
| SUMMER AND OTHER PROGRAMS | 611710 | $1,423,021 | $1,423,021 |
| TRANSPORTATION FEES | 611710 | $529,092 | $529,092 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $62,056 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $62,056 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $25,056,532 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $659,607 | TotalRevenueColumnAmt |
| Exclusion | $659,607 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $18,105 | 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 | $18,105 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $18,105 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $18,105 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,904,255 | SecuritiesAmt |
| Other | $4,070 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,854,922 | SecuritiesAmt |
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $49,333 | SecuritiesAmt |
| Other | $4,070 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $53,403 | TotalRevenueColumnAmt |
| Exclusion | $53,403 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $36,865 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $723,501 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $118,268 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$81,403 | TotalRevenueColumnAmt |
| Exclusion | -$81,403 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $142,252 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $105,100 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $37,152 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $37,152 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $30,106,159 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $25,111,789 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $631,607 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,301,067 | TotalAmt |
| Program Services | $2,301,067 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $572,245 | TotalAmt |
| Program Services | $95,070 | ProgramServicesAmt |
| Management And General | $382,105 | ManagementAndGeneralAmt |
| Fundraising | $95,070 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,493,023 | TotalAmt |
| Program Services | $10,123,540 | ProgramServicesAmt |
| Management And General | $958,312 | ManagementAndGeneralAmt |
| Fundraising | $411,171 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,788,695 | TotalAmt |
| Program Services | $1,394,853 | ProgramServicesAmt |
| Management And General | $321,548 | ManagementAndGeneralAmt |
| Fundraising | $72,294 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,536,918 | TotalAmt |
| Program Services | $2,053,342 | ProgramServicesAmt |
| Management And General | $397,102 | ManagementAndGeneralAmt |
| Fundraising | $86,474 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $128,206 | TotalAmt |
| Management And General | $128,206 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,348 | TotalAmt |
| Management And General | $36,348 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,762 | TotalAmt |
| Management And General | $78,762 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,042,301 | TotalAmt |
| Management And General | $896,713 | ManagementAndGeneralAmt |
| Fundraising | $145,588 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,321,194 | TotalAmt |
| Program Services | $2,272,940 | ProgramServicesAmt |
| Fundraising | $48,254 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,666,366 | TotalAmt |
| Program Services | $1,459,416 | ProgramServicesAmt |
| Management And General | $175,967 | ManagementAndGeneralAmt |
| Fundraising | $30,983 | FundraisingAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| INSTRUCTION PROGRAM SUP | $3,594,054 | $3,594,054 |
| FOOD SERVICES | $915,845 | $915,845 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,475,024 | TotalAmt |
| Program Services | $24,210,127 | ProgramServicesAmt |
| Management And General | $3,375,063 | ManagementAndGeneralAmt |
| Fundraising | $889,834 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,909,741 | BOYAmt |
| EOY | $10,495,271 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,050,550 | BOYAmt |
| EOY | $217,636 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $204,351 | BOYAmt |
| EOY | $220,972 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,757 | BOYAmt |
| EOY | $42,817 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $581,171 | BOYAmt |
| EOY | $521,680 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $57,190,611 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $18,740,971 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,765,208 | BOYAmt |
| EOY | $38,449,640 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,057,415 | BOYAmt |
| EOY | $24,787,744 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $987,605 | BOYAmt |
| EOY | $739,521 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $188,024 | BOYAmt |
| EOY | $187,502 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,785,822 | BOYAmt |
| EOY | $75,662,783 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,874,691 | BOYAmt |
| EOY | $1,936,529 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,273,081 | BOYAmt |
| EOY | $1,351,970 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,651,057 | BOYAmt |
| EOY | $3,821,483 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,798,829 | BOYAmt |
| EOY | $7,109,982 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,206,103 | BOYAmt |
| EOY | $43,029,421 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,365,014 | BOYAmt |
| EOY | $7,015,018 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,415,876 | BOYAmt |
| EOY | $18,508,362 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,986,993 | BOYAmt |
| EOY | $68,552,801 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,785,822 | BOYAmt |
| EOY | $75,662,783 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,631,135 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$65,327 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | 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) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| 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
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $23,236,103 | BeginningYearBalanceAmt |
| Contributions | $2,093,008 | ContributionsAmt |
| Investment Earnings Or Losses | $629,523 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $958,440 | OtherExpendituresAmt |
| Administrative Expenses | $78,762 | AdministrativeExpensesAmt |
| End Year Balance | $24,921,432 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $20,406,548 | BeginningYearBalanceAmt |
| Contributions | $712,794 | ContributionsAmt |
| Investment Earnings Or Losses | $3,132,090 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $938,329 | OtherExpendituresAmt |
| Administrative Expenses | $77,000 | AdministrativeExpensesAmt |
| End Year Balance | $23,236,103 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $18,704,665 | BeginningYearBalanceAmt |
| Contributions | $468,212 | ContributionsAmt |
| Investment Earnings Or Losses | $2,198,515 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $890,259 | OtherExpendituresAmt |
| Administrative Expenses | $74,585 | AdministrativeExpensesAmt |
| End Year Balance | $20,406,548 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $19,936,286 | BeginningYearBalanceAmt |
| Contributions | $587,844 | ContributionsAmt |
| Investment Earnings Or Losses | -$915,753 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $831,336 | OtherExpendituresAmt |
| Administrative Expenses | $72,376 | AdministrativeExpensesAmt |
| End Year Balance | $18,704,665 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,604,508 | BeginningYearBalanceAmt |
| Contributions | $1,028,944 | ContributionsAmt |
| Investment Earnings Or Losses | $3,210,035 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $836,217 | OtherExpendituresAmt |
| Administrative Expenses | $70,984 | AdministrativeExpensesAmt |
| End Year Balance | $19,936,286 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 0.73510 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.26490 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,651,985 | OtherCostOrOtherBasisAmt |
| Book Value | $3,651,985 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $50,308,154 | OtherCostOrOtherBasisAmt |
| Depreciation | $16,572,037 | DepreciationAmt |
| Book Value | $33,736,117 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,230,472 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,168,934 | DepreciationAmt |
| Book Value | $1,061,538 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $38,449,640 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| TUITION AND FEES PAID IN ADVANCE | $3,729,722 |
| OTHER DEFERRED REVENUE | $91,761 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,821,483 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $27,661,003 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$65,327 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$2,301,067 | OtherRevenueAmt |
| Revenue Not Reported | -$2,366,394 | RevenueNotReportedAmt |
| Revenue Subtotal | $30,027,397 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $78,762 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $78,762 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $30,106,159 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $26,095,195 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $26,095,195 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $78,762 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $2,301,067 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $2,379,829 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $28,475,024 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 AS REQUIRED BY GAAP. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES, IF ANY, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. |
| 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. WE BELIEVE THAT WE HAVE APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING OUR ANNUAL FILING REQUIREMENTS, AND AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. WE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES WERE TO BE INCURRED. OUR FORM 990 AND OTHER INCOME TAX FILINGS REQUIRED BY STATE, LOCAL, OR NON-U.S. TAX AUTHORITIES ARE NO LONGER SUBJECT TO TAX EXAMINATIONS FOR YEARS BEFORE 2011. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | FINANCIAL AID GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -2,301,067. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 2,301,067. |
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 | 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. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | CONCERT | Event1Nm |
| Gross Receipts Event1 | $638,163 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $608,263 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $29,900 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $49,754 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $55,621 | OtherDirectExpensesEvent1Amt |
| Event2 | HORIZONS | Event2Nm |
| Gross Receipts Event2 | $122,203 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $115,238 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $6,965 | GrossRevenueEvent2Amt |
| Food And Beverage Event2 | $4,779 | FoodAndBeverageEvent2Amt |
| Entertainment Event2 | $1,070 | EntertainmentEvent2Amt |
| Other Direct Expenses Event2 | $7,044 | OtherDirectExpensesEvent2Amt |
| Gross Receipts Total | $760,366 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $723,501 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $36,865 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $54,533 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $1,070 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $62,665 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $118,268 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$81,403 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 143 | RecipientCnt |
| Cash Grant | $2,301,067 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ALL SCHOLARSHIP AWARDS ARE BASED ON DEMONSTRATED FINANCIAL NEED. EACH APPLICATION FOR FINANCIAL ASSISTANCE IS REVIEWED BY THREE MEMBERS OF 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. THIS ASSURES THE PROPER MATCHING OF SCHOLARSHIP GIFTS TO AWARDS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | 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 (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MIKE DAVIS | ||||||||||||||
| HEAD OF SCHOOL | $302,818 | $0 | $0 | $0 | $13,104 | $0 | $15,600 | $0 | $71,386 | $0 | $402,908 | $0 | $0 | $0 |
| ALANNA BROWN | ||||||||||||||
| BUSINESS MANAGER/CFO | $159,626 | $0 | $0 | $0 | $0 | $0 | $15,950 | $0 | $9,242 | $0 | $184,818 | $0 | $0 | $0 |
| ROBERT SCHMITZ | ||||||||||||||
| DIRECTOR OF DEVELOPMENT | $159,121 | $0 | $0 | $0 | $0 | $0 | $16,348 | $0 | $12,752 | $0 | $188,221 | $0 | $0 | $0 |
| WILLIAM WOLF-TINSMAN | ||||||||||||||
| MIDDLE SCHOOL PRINCIPAL | $142,912 | $0 | $0 | $0 | $0 | $0 | $6,868 | $0 | $23,673 | $0 | $173,453 | $0 | $0 | $0 |
| JONATHAN VOGELS | ||||||||||||||
| UPPER SCHOOL PRINCIPAL | $124,883 | $0 | $0 | $0 | $0 | $0 | $13,069 | $0 | $37,067 | $0 | $175,019 | $0 | $0 | $0 |
| WILLIAM HALL | ||||||||||||||
| DIRECTOR OF ATHLETICS | $118,858 | $0 | $0 | $0 | $0 | $0 | $7,431 | $0 | $48,013 | $0 | $174,302 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule L IRS990ScheduleL
Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash Grant | $35,460 | CashGrantAmt |
| Type Of Assistance | TUITION ASSISTANCE | TypeOfAssistanceTxt |
| Assistance Purpose | TUITION ASSISTANCE | AssistancePurposeTxt |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $245,000 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | APPRAISAL | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 10 | ContributionCnt |
| Noncash Contributions Rpt F990 | $36,314 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 2 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 11 | 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, THE COMPLETE RETURN AND ALL SCHEDULES ARE REVIEWED AND DISCUSSED. IN ADDITION, A REDACTED COPY OF THE FORM 990 TAX RETURN IS REVIEWED BY THE FULL BOARD OF TRUSTEES BEFORE 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 IN WRITING THE EXISTENCE OF SUCH CONFLICT, TOGETHER WITH ALL MATERIAL FACTS TO; THE PRESIDENT OF THE BOARD OF TRUSTEES IN THE CASE OF A TRUSTEE WITH A CONFLICT; TO THE VICE PRESIDENT OF THE BOARD IN THE CASE OF A CONFLICT INVOLVING THE PRESIDENT; TO THE HEAD OF SCHOOL IN THE CASE OF KEY ADMINISTRATORS WITH A CONFLICT; TO THE BOARD CHAIR, WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE APPROPRIATE BOARD COMMITTEE UNDER THE POLICY, FOR CONFLICTS WITH THE HEAD OF SCHOOL. A TRUSTEE OR AN ADMINISTRATOR (OR A MEMBER OF HIS OR HER FAMILY) WHO OWNS OR CONTROLS THE STOCK OF A PUBLICLY TRADED COMPANY THIS 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 DIRECTOR OF DEVELOPMENT 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 2014 AND 2015 SALARIES FOR THE BUSINESS MANAGER, DIRECTOR OF DEVELOPMENT, AND HEAD OF SCHOOL WERE APPROVED BY THE FINANCE COMMITTEE ON APRIL 16, 2014. THE FULL BOARD OF TRUSTEES APPROVED THE COMPENSATION PACKAGE FOR THE HEAD OF SCHOOL ON APRIL 30, 2014. |
| 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. |