Axl Charter School
- Assets
- $4.2m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 56
- Location
- Aurora, CO
- Founding
- 08/2012
- Data as of
- 06/2023
- EIN
- 20-3841235
Organization Overview
Axl Charter School is located in Aurora, CO. The organization was established in 2012. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Axl Charter School employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Axl Charter School 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 06/2023, Axl Charter School generated $5.1m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $5.4m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AXL ACADEMY'S MISSION IS TO DELIVER A REAL-WORLD LEARNING EXPERIENCE USING EXPEDITIONS, TECHNOLOGY, AND A COMMUNITY-BASED ENVIRONMENT. ENROLLMENT IS APPROXIMATELY 356 PK-8 STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE EXPENSES INCLUDE ALL COSTS NECESSARY TO OPERATE A PK-8 CHARTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mehran Ahmed Executive Director | Officer | 40 | $120,000 |
Rich Crockett President | Trustee | 1 | $0 |
Lisa Adams Member | Trustee | 1 | $0 |
Katrina Zerilli Secretary | Trustee | 1 | $0 |
Michael Dalvit Treasurer | Trustee | 1 | $0 |
Laura Mcgah Staff Representative | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $673,354 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $673,354 |
| Total Program Service Revenue | $4,437,530 |
| 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 | $5,138,277 |
| 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. | $277,432 |
| Compensation of current officers, directors, key employees. | $277,432 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,187,955 |
| Pension plan accruals and contributions | $527,593 |
| Other employee benefits | $316,505 |
| Payroll taxes | $35,748 |
| Fees for services: Management | $279,516 |
| Fees for services: Legal | $230 |
| Fees for services: Accounting | $21,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,181 |
| Office expenses | $0 |
| Information technology | $119,317 |
| Royalties | $0 |
| Occupancy | $506,056 |
| Travel | $34,490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $337 |
| Interest | $223,396 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $34,821 |
| All other expenses | $0 |
| Total functional expenses | $5,410,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $587,909 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $206,246 |
| 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 | $98,492 |
| Net Land, buildings, and equipment | $1,748,547 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,559,148 |
| Total assets | $4,200,342 |
| Accounts payable and accrued expenses | $298,353 |
| 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 | $8,988,969 |
| Total liabilities | $9,287,322 |
| Net assets without donor restrictions | -$5,086,980 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,200,342 |