2026-03-02T17:42:01-06:00 2025-06-30 450250958 EIDE BAILLY LLP 2950 E HARMONY RD STE 290 FORT COLLINS CO 805283429 990 2024-07-01 840421874 COLORADO ACADEMY COLO 3039861501 3800 SOUTH PIERCE ST DENVER CO 80235 WHITNEY JOHNSON CFOO 3039861501 2026-02-27 1 1 KYLE FRITCH CPA P01313374 9702238825 2026-02-13 2024 2025-03-06 01:10:19Z WHITNEY JOHNSON 3800 SOUTH PIERCE ST DENVER CO 80235 57402670 0 X WWW.COLORADOACADEMY.ORG X 1906 CO CREATING CURIOUS, KIND, COURAGEOUS, AND ADVENTUROUS LEARNERS AND LEADERS. 24 24 651 650 1035 0 7680736 4097294 42746326 44790622 3329685 4409665 508606 924035 54265353 54221616 3907247 4458095 0 0 30002793 32118967 0 0 2093356 13564181 14971111 47474221 51548173 6791132 2673443 133747593 141076412 12751409 15130145 120996184 125946267 CREATING CURIOUS, KIND, COURAGEOUS, AND ADVENTUROUS LEARNERS AND LEADERS. 0 0 38500906 4458095 41035151 EDUCATION OF 1,032 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. 3710385 3068896 SUMMER AND OTHER PROGRAMS FOR APPROXIMATELY 2,700 STUDENTS INCLUDES A TRADITIONAL SUMMER CAMP, SPECIALTY CAMPS, AND THE HORIZONS PROGRAM. THE SUMMER PROGRAM AT COLORADO ACADEMY, FOUNDED IN 1951, PROVIDES A VARIETY OF ACTIVITIES TO MORE THAN 500 KIDS (AGES 4 THROUGH 18) FOR EIGHT WEEKS EACH SUMMER. THE PROGRAMS ARE FUN, ENGAGING, AND CHALLENGING-BOTH INTELLECTUALLY AND PHYSICALLY. HORIZONS AT COLORADO ACADEMY IS ONE OF OVER 60 AFFILIATES AROUND THE COUNTRY THAT PROVIDES EXTENSIVE ENRICHMENT PROGRAMMING FOR UNDERSERVED YOUTH IN AND AROUND DENVER. SINCE ITS FOUNDING IN 1998, THE PROGRAM HAS GROWN EXTENSIVELY. IN 2025, ENROLLMENT WAS AT 225 STUDENTS. 1169151 1018524 TRANSPORTATION TO AND FROM SCHOOL IS USED BY APPROXIMATELY 500 STUDENTS. 43380442 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 114 0 1 651 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CO X WHITNEY JOHNSON 3039861501 3800 SOUTH PIERCE ST DENVER CO 80235 KEVIN REIDY BOARD CHAIR 1.00 X X 0 0 0 MESHACH RHOADES VICE CHAIR 1.00 X X 0 0 0 ANDREW ROBINSON SECRETARY 1.00 X X 0 0 0 DAVID SHAPIRO TRUSTEE 1.00 X 0 0 0 JOCELYN EGE TRUSTEE 1.00 X 0 0 0 ALISON ENGEL TRUSTEE 1.00 X 0 0 0 JULIE MARTIN TRUSTEE 1.00 X 0 0 0 CATHERINE ROLLHAUS TRUSTEE 1.00 X 0 0 0 LIZ ARNOLD TRUSTEE 1.00 X 0 0 0 BUCK BLESSING TRUSTEE 1.00 X 0 0 0 NATALIE BOCOCK TURNAGE TRUSTEE 1.00 X 0 0 0 VJ BROWN TRUSTEE 1.00 X 0 0 0 SUE CHO TRUSTEE 1.00 X 0 0 0 DALIA EL-PRINCE TRUSTEE 1.00 X 0 0 0 MATT FARNCOMBE TRUSTEE 1.00 X 0 0 0 MARTIN GOLDSTEIN TRUSTEE 1.00 X 0 0 0 KELLY HALEY TRUSTEE 1.00 X 0 0 0 NELSON HIOE TRUSTEE 1.00 X 0 0 0 BOB MARTIN TRUSTEE 1.00 X 0 0 0 ISIAH SALAZAR TRUSTEE 1.00 X 0 0 0 DEREK MCCANDLESS TRUSTEE 1.00 X 0 0 0 ROB STETTNER TRUSTEE 1.00 X 0 0 0 DAN GOLDMAN TRUSTEE 1.00 X 0 0 0 MARISA HUDSON-ARNEY TRUSTEE 1.00 X 0 0 0 MIKE DAVIS HEAD OF SCHOOL 40.00 X 538301 0 51565 WHITNEY JOHNSON CFOO 40.00 X 267566 0 31047 AMY WINTERMEYER ASSISTANT HEAD OF SCHOOL 40.00 X 139065 0 17549 KATE MCDONNELL DIRECTOR OF ADVANCEMENT 40.00 X 224700 0 13464 MAX DELGADO UPPER SCHOOL PRINCIPAL 40.00 X 182530 0 41514 ANGELLA CRABTREE LOWER SCHOOL PRINCIPAL 40.00 X 195507 0 24949 NICK MALICK MIDDLE SCHOOL PRINCIPAL 40.00 X 189302 0 32397 PHIL SMITH DIRECTOR OF COMMUNICATIONS 40.00 X 181371 0 32567 1918342 0 245052 38 0 1 0 DIAMOND CONTRACTING CORP 18300 W HWY 72 SUITE 2 ARVADA CO 80007 CONSTRUCTION SERVICES 1426533 SODEXO INC PO BOX 360170 PITTSBURGH PA 152516170 FOOD SERVICES 1413494 TOTAL CONCRETE SERVICES 4462 HILLTOP ROAD LONGMONT CO 80504 CONSTRUCTION SERVICES 880010 ENVIRONMENTAL LANDWORKS COMPANY 17173 MT VERNON RD GOLDEN CO 80401 CONSTRUCTION SERVICES 803794 FRANSEN PITTMAN GENERAL CONTRACTORS 9563 S KINGSTON CT SUITE 200 ENGLEWOOD CO 80112 CONSTRUCTION SERVICES 439300 32 450322 261617 3385355 191440 4097294 TUITION AND FEES 611710 40537213 40537213 SUMMER AND OTHER PROGR 611710 3068896 3068896 TRANSPORTATION FEES 611710 1018524 1018524 165989 165989 44790622 4432053 1035 4431018 321548 0 321548 321548 321548 2689336 2683616 28108 5720 -28108 -22388 -22388 1026129 450322 434043 592086 592086 45688 35287 10401 10401 54221616 45122571 1035 5000716 4458095 4458095 1347147 184512 978123 184512 22623489 20328647 1241934 1052908 1462637 1114451 272713 75473 4964051 3720620 980355 263076 1721643 1266341 360397 94905 195357 195357 312978 312978 669640 35596 341466 292578 117871 117871 2991796 2423110 521705 46981 3489293 3169615 290821 28857 186318 186318 INSTRUCTION & IT EXPENS 5182429 5032905 149524 FOOD SERVICES 1537161 1537161 PROFESSIONAL DEVELOPMEN 146188 109389 12251 24548 BAD DEBT 85908 85908 56172 26654 29518 51548173 43380442 6074375 2093356 18258012 19956859 566067 363973 3615112 1879427 237005 94332 710725 890775 109268412 36909051 70566043 72359361 39590063 45322349 204566 209336 133747593 141076412 3878354 4791304 1584962 1967113 7288093 8371728 12751409 15130145 X 80114611 80355981 40881573 45590286 120996184 125946267 133747593 141076412 X 2673443 2261900 14740 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 365025 X 0 39806327 1381865 5881619 1315600 195357 45558854 34985949 1157011 5067885 1235970 168548 39806327 31259117 1456424 3816850 1430844 115598 34985949 33100629 2457192 -2858506 1350000 90198 31259117 27316401 347264 6719874 1197917 84993 33100629 0.02162 0.71042 0.26796 0 0 3651984 3651984 74400566 24707789 49692777 23894197 9364553 14529644 5543670 1798162 3745508 1777995 1038547 739448 72359361 TUITION AND FEES PAID IN ADVANCE 8371728 8371728 X 51872912 2261900 -4443355 -2181455 54054367 195357 -28108 167249 54221616 46922829 28108 28108 46894721 195357 4458095 4653452 51548173 PART III, LINE 4: THE COLLECTION OF ART CONSISTS OF 13 CONTEMPORARY FINE ART PIECES. THE VISUAL AND PERFORMING ARTS ARE AN INTEGRAL PART OF THE CURRICULUM THROUGH EXPOSURE AND EXPERIENCE AT COLORADO ACADEMY. THE SUBJECT WORKS ARE EXHIBITED AT THE PONZIO ARTS CENTER ON CAMPUS. PART V, LINE 4: COLORADO 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 COLORADO ACADEMY. THE ENDOWMENT ALSO INCLUDES CERTAIN NET ASSETS WITH AND WITHOUT DONOR RESTRICTIONS DESIGNATED FOR ENDOWMENT BY THE COLORADO ACADEMY'S BOARD OF TRUSTEES. PART X, LINE 2: COLORADO ACADEMY MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES 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 ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS -4,458,095. CHANGE IN VALUE OF BENEFICIAL INTEREST NETTED WITH INCOME ON FINANCIALS 14,740. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON ASSET DISPOSAL INCLUDED WITH REVENUE ON 990 -28,108. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON ASSET DISPOSAL INCLUDED WITH REVENUE ON 990 28,108. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 4,458,095. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PERIODICALLY PUBLISHES ITS NON-DISCRIMINATION POLICY WITH RESPECT TO ENROLLMENT AND PARTICIPATION IN PROGRAMS AND ACTIVITIES IN LOCAL NEWSPAPERS AND IN FORMS AND BROCHURES WHICH ARE MADE AVAILABLE TO THE PUBLIC. IN THE CASE OF EMPLOYEES, THE EMPLOYEE HANDBOOK PROVIDES INFORMATION WITH RESPECT TO THE SCHOOL'S NON-DISCRIMINATORY EMPLOYMENT POLICIES. IN ADDITION, THE SCHOOL POSTS ITS NON-DISCRIMINATION POLICY ON ALL JOB POSTINGS. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 3755324 0 0 0 0 0 0 3755324 0 3755324 1 0 1 1 0 0 SCHEDULE F, PART IV COLORADO ACADEMY REVIEWS ITS DIRECT AND INDIRECT INVESTMENTS DURING THE TAX PERIOD FOR DETERMINING REQUIRED FOREIGN FILINGS. COLORADO ACADEMY HAS OWNERSHIP INTERESTS IN FOREIGN CORPORATIONS. THE ORGANIZATION WOULD FILE FORM 5471 IF THE OWNERSHIP MET THE REQUIREMENTS FOR FILING. COLORADO ACADEMY'S OWNERSHIP IN FOREIGN CORPORATIONS DID NOT REQUIRE FILING FORM 5471. COLORADO ACADEMY MAKES DIRECT AND INDIRECT TRANSFERS TO FOREIGN CORPORATIONS. COLORADO ACADEMY WOULD FILE FORM 926 IF THE TRANSFERS MET THE REQUIREMENTS FOR FILING. COLORADO ACADEMY HAD THREE DIRECT TRANSFERS TO FOREIGN CORPORATIONS RESULTING IN THREE FORM 926S. COLORADO ACADEMY INVESTS IN PARTNERSHIPS THAT HOLD DIRECT OR INDIRECT INTERESTS IN PASSIVE FOREIGN INVESTMENT COMPANIES (PFICS). COLORADO ACADEMY WOULD FILE FORM 8621 FOR UNDERLYING INVESTMENTS THAT GENERATE UNRELATED BUSINESS INCOME. COLORADO ACADEMY WOULD NOT FILE FORM 8621 WHERE THE INVESTMENT PARTNERSHIPS HAVE PROPERLY FILED FORM 8621, OR WHERE THE UNDERLYING INVESTMENTS DID NOT GENERATE ANY UNRELATED BUSINESS INCOME. COLORADO ACADEMY DID NOT REQUIRE FILING FORM 8621. CONCERT/AUCTION 1223743 262170 961573 262170 63138 6625 51893 HORIZONS WINE & DINE 252708 188152 64556 1958 14032 34227 1476451 450322 1026129 262170 65096 20657 86120 434043 592086 1 SCHOLARSHIPS 153 4458095 PART I, LINE 2: ALL SCHOLARSHIP AWARDS ARE BASED ON DEMONSTRATED FINANCIAL NEED. EACH APPLICATION FOR FINANCIAL ASSISTANCE IS REVIEWED BY THE FINANCIAL AID COMMITTEE TO ASSURE QUALIFYING CRITERIA IS FAIRLY AND CONSISTENTLY APPLIED. A COPY OF EACH FINANCIAL ASSISTANCE AWARD LETTER IS GIVEN TO THE BUSINESS OFFICE SO THE AWARDS ARE RECORDED CORRECTLY IN THE FINANCIAL RECORDS OF COLORADO ACADEMY. X X 1 1 X X 0 0 0 0 0 0 0 1 0 MIKE DAVIS HEAD OF SCHOOL 459647 0 49500 0 29154 0 29550 0 23305 0 591156 0 0 0 WHITNEY JOHNSON CFOO 267116 0 0 0 450 0 16245 0 14802 0 298613 0 0 0 KATE MCDONNELL DIRECTOR OF ADVANCEMENT 224700 0 0 0 0 0 13464 0 0 0 238164 0 0 0 MAX DELGADO UPPER SCHOOL PRINCIPAL 181770 0 0 0 760 0 11628 0 29886 0 224044 0 0 0 NICK MALICK MIDDLE SCHOOL PRINCIPAL 189082 0 0 0 220 0 11628 0 20769 0 221699 0 0 0 ANGELLA CRABTREE LOWER SCHOOL PRINCIPAL 195287 0 0 0 220 0 11778 0 13171 0 220456 0 0 0 PHIL SMITH DIRECTOR OF COMMUNICATIONS 179271 0 0 0 2100 0 6697 0 25870 0 213938 0 0 0 AMY WINTERMEYER ASSISTANT HEAD OF SCHOOL 119783 0 0 0 19282 0 3525 0 14024 0 156614 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS PROVIDED WITH A PERSONAL RESIDENCE AND AN ADDITIONAL BENEFIT ALLOWANCE TO BE USED FOR ANY OF THE FOLLOWING; AUTOMOBILE EXPENSES, HEALTH CLUB, OR FINANCIAL PLANNING. THE BENEFIT ALLOWANCE IS INCLUDED IN THE HEAD OF SCHOOL'S W-2 WAGES. PART I, LINE 7 THE EXECUTIVE COMMITTEE ANNUALLY REVIEWS THE PERFORMANCES OF THE EXECUTIVE STAFF AND OTHER STAFF AS IDENTIFIED BY THE COMMITTEE TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES WILL BE PAID. DURING CALENDAR YEAR ENDING DECEMBER 31, 2024, BONUSES WERE AWARDED BASED ON REVIEW OF EACH INDIVIDUAL'S PERFORMANCE AND SERVICES TO THE ORGANIZATION. X 15 109575 PUBLISHED MARKET PRICE X FUNDRAISING EVENT ITEMS 37 81865 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN (B) IS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 1A COLORADO ACADEMY HAS AN EXECUTIVE COMMITTEE COMPRISED OF THE BOARD CHAIR, THE BOARD CHAIR-ELECT (IF ANY), THE VICE CHAIR (WHO MAY BE THE SAME PERSON AS THE BOARD CHAIR-ELECT), AND SUCH OTHER DULY ELECTED MEMBERS OF THE BOARD AS THE BOARD CHAIR AND HEAD OF SCHOOL MAY APPOINT AND SHALL INCLUDE A MINIMUM OF THREE MEMBERS. WHEN EMERGENCY ACTION MUST BE TAKEN BUT A MEETING OF THE FULL BOARD WOULD BE IMPRACTICAL, THE EXECUTIVE COMMITTEE WILL HAVE AND MAY EXERCISE ALL THE AUTHORITY OF THE BOARD. A MAJORITY OF THE MEMBERS OF THE EXECUTIVE COMMITTEE WILL CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS IN EMERGENCY CIRCUMSTANCES. MINUTES SHALL BE KEPT OF ANY SUCH ACTION TAKEN BY THE EXECUTIVE COMMITTEE, WHICH MINUTES WILL BE SUBMITTED TO THE BOARD AT OR BEFORE ITS NEXT DULY CALLED MEETING FOR RATIFICATION, MODIFICATION, OR REJECTION BY AFFIRMATIVE VOTE OF AT LEAST TWO-THIRDS OF THE TRUSTEES THEN IN OFFICE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE COMPLETED FORM 990 TAX RETURN IS PRESENTED FOR REVIEW TO TRUSTEES PRESENT AT THE FINANCE COMMITTEE MEETING, PRIOR TO FILING OF THE RETURN. AT THE MEETING, A REDACTED COPY OF THE FORM 990 IS REVIEWED. THIS COPY IS THEN MADE AVAILABLE FOR REVIEW TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. THE REDACTED COPY OF THE RETURN PROVIDED TO THE TRUSTEES IS THE SAME AS THE ACTUAL RETURN FILED EXCEPT FOR THE FOLLOWING INFORMATION WHICH IS REMOVED TO PROTECT INDIVIDUAL PRIVACY RIGHTS - THE NAMES AND ADDRESSES OF DONORS ON SCHEDULE B. FORM 990, PART VI, SECTION B, LINE 12C SIGNED CONFLICT OF INTEREST STATEMENTS ARE OBTAINED EACH SCHOOL YEAR FROM ALL TRUSTEES, KEY ADMINISTRATORS, AND ADVISORY MEMBERS OF COMMITTEES. IN THE EVENT OF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST BY EITHER A TRUSTEE OR KEY ADMINISTRATOR, THEY SHALL IMMEDIATELY DISCLOSE THE EXISTENCE OF SUCH CONFLICT TO THE BOARD CHAIR OF THE BOARD OF TRUSTEES OR TO THE HEAD OF SCHOOL, AS APPROPRIATE. IN THE EVENT OF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST BY THE HEAD OF SCHOOL, THEY SHALL IMMEDIATELY DISCLOSE THE EXISTENCE OF SUCH CONFLICT TO THE BOARD CHAIR OF THE BOARD OF TRUSTEES. IN THE EVENT OF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST BY THE BOARD CHAIR OF THE BOARD OF TRUSTEES, THEY SHALL IMMEDIATELY DISCLOSE THE EXISTENCE OF SUCH CONFLICT TO THE VICE CHAIR OF THE BOARD OF TRUSTEES. A TRUSTEE OR AN ADMINISTRATOR (OR A MEMBER OF HIS OR HER FAMILY) WHO OWNS OR CONTROLS THE STOCK OF A PUBLICLY TRADED COMPANY THAT IS INVOLVED IN A TRANSACTION, CONTRACT, OR OTHER RELATIONSHIP WITH THE SCHOOL WILL NOT BE DEEMED TO HAVE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST REQUIRING DISCLOSURE IF SUCH OWNERSHIP OR CONTROL IS OF LESS THAN ONE PERCENT (1%) OF THE VOTING STOCK OF SUCH COMPANY. WHILE THE FOREGOING STOCK INTEREST IN A PUBLICLY TRADED COMPANY WILL NOT CONSTITUTE A CONFLICT OF INTEREST, THE ADMINISTRATOR SHOULD NEVERTHELESS DISCLOSE THE NATURE OF THE ADMINISTRATOR'S RELATIONSHIP WITH THE PUBLIC COMPANY PRIOR TO THE CONSIDERATION OF THE TRANSACTION, CONTRACT, OR OTHER RELATIONSHIP WITH THE SCHOOL. THE BOARD CHAIR 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 BOARD CHAIR OR HEAD OF SCHOOL AND (I) THE BOARD CHAIR OR HEAD OF SCHOOL IN GOOD FAITH AUTHORIZES, APPROVES, OR RATIFIES THE TRANSACTION, CONTRACT OR RELATIONSHIP AT ISSUE (II) THE BOARD CHAIR 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 BOARD CHAIR OR HEAD OF SCHOOL DETERMINES WHETHER TO AUTHORIZE, APPROVE, OR RATIFY THE SUBJECT TRANSACTION, CONTRACT, OR RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF ALL OFFICERS AND KEY EMPLOYEES IS REVIEWED AND APPROVED ANNUALLY BY THE EXECUTIVE COMMITTEE. COMPARABILITY SALARY DATA FOR SIMILAR POSITIONS AT SCHOOLS SIMILAR TO COLORADO ACADEMY IS OBTAINED AND SHARED WITH THE EXECUTIVE COMMITTEE. 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 UNDER THE REBUTTABLE PRESUMPTION OF REASONABLENESS STANDARD UNDER IRS REGULATION. THE FISCAL YEAR 2024-2025 SALARIES OF OFFICERS AND KEY EMPLOYEES WERE APPROVED BY THE EXECUTIVE COMMITTEE ON FEBRUARY 12, 2025. FORM 990, PART VI, SECTION C, LINE 19 COLORADO 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 COLORADO ACADEMY'S BUSINESS OFFICE WHICH IS OPEN TO THE PUBLIC DURING REGULAR BUSINESS HOURS THROUGHOUT THE YEAR. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST OTHER CHANGES IN NET ASSETS-990 14,740. PERPETUAL TRUST 3800 SOUTH PIERCE ST DENVER CO 80235 CHARITABLE PERPETUAL TRUST CO COLORADO ACADEMY T 4770 209336 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1