Rocky Mountain Classical Academy
- Assets
- $9.8m
- Revenue
- $16.0m
- Investments
- $0.0
- Employees
- 181
- Location
- Colorado Springs, CO
- Founding
- 03/2008
- Data as of
- 06/2023
- EIN
- 20-4543388
Organization Overview
Rocky Mountain Classical Academy is located in Colorado Springs, 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 06/2023, Rocky Mountain Classical Academy employed 181 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rocky Mountain Classical 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 06/2023, Rocky Mountain Classical Academy generated $16.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $16.3m during the year ending 06/2023. While expenses have increased by 7.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL PURPOSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Cathey Director | Trustee | 4 | $0 |
Randi Tyson Director | Trustee | 4 | $0 |
Molara Awosefaju President | OfficerTrustee | 4 | $0 |
Krista Hamilton Vice President | OfficerTrustee | 4 | $0 |
Evan Withrow Director | Trustee | 4 | $0 |
Jamie Fischer Treasurer | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
G&g Consulting Cfo And Hr Services | 6/29/23 | $205,323 |
Tagg Education Education Professional Services | 6/29/23 | $203,496 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $109,695 |
| Related organizations | $0 |
| Government grants | $1,718,599 |
| 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 | $1,828,294 |
| Total Program Service Revenue | $14,196,195 |
| Investment income | $36,755 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$82,362 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,980,740 |
| 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. | $292,277 |
| Compensation of current officers, directors, key employees. | $58,455 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,464,605 |
| Pension plan accruals and contributions | $1,400,059 |
| Other employee benefits | $708,088 |
| Payroll taxes | $114,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,224 |
| Fees for services: Accounting | $207,091 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,320 |
| Advertising and promotion | $63,531 |
| Office expenses | $35,197 |
| Information technology | $316,615 |
| Royalties | $0 |
| Occupancy | $3,097,607 |
| Travel | $194,610 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $89,675 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,367 |
| Insurance | $114,027 |
| All other expenses | $418,852 |
| Total functional expenses | $16,262,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,537,174 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $285,637 |
| Accounts receivable, net | $90,450 |
| 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 | $190,863 |
| Net Land, buildings, and equipment | $47,087 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,691,218 |
| Total assets | $9,842,429 |
| Accounts payable and accrued expenses | $1,107,475 |
| Grants payable | $0 |
| Deferred revenue | $17,337 |
| 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 | $46,835 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,938,313 |
| Total liabilities | $14,109,960 |
| Net assets without donor restrictions | -$4,724,531 |
| Net assets with donor restrictions | $457,000 |
| 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 | $9,842,429 |