Carbon Valley Academy
- Assets
- $2.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 52
- Location
- Frederick, CO
- Founding
- 01/2008
- Data as of
- 06/2022
- EIN
- 20-2488853
Organization Overview
Carbon Valley Academy is located in Frederick, CO. The organization was established in 2008. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Carbon Valley Academy employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carbon Valley Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Carbon Valley Academy generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $2.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RICH CONTENT AND SOLID SKILLS INSTRUCTION IN AN ENVIRONMENT THAT CHAMPIONS CHARACTER AND PERSONAL ACADEMIC ACHIEVEMENT. CARBON VALLEY PROVIDES A PUBLIC EDUCATION TO STUDENTS PRESCHOOL THROUGH GRADE 8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARBON VALLEY ACADEMY IS A K-8 CHARTER SCHOOL THAT PROVIDES A PUBLIC EDUCATION TO APPROXIMATELY 272 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christa Hafemann President | OfficerTrustee | 2 | $0 |
Wayne Rayburn Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $334,540 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $354,739 |
| Total Program Service Revenue | $2,248,918 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,612,186 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,332,474 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | -$145,493 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,125 |
| Fees for services: Accounting | $51,798 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $151,635 |
| Advertising and promotion | $5,571 |
| Office expenses | $0 |
| Information technology | $19,156 |
| Royalties | $0 |
| Occupancy | $237,240 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,233 |
| Insurance | $65,694 |
| All other expenses | $136,528 |
| Total functional expenses | $2,395,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,450,674 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,180 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $58,369 |
| Net Land, buildings, and equipment | $268,779 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $401,122 |
| Total assets | $2,263,124 |
| Accounts payable and accrued expenses | $70,986 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,461,849 |
| Total liabilities | $5,532,835 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$3,269,711 |
| Total liabilities and net assets/fund balances | $2,263,124 |