Firestone Charter Academy
- Assets
- $21.4m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 91
- Location
- Firestone, CO
- Founding
- 06/2009
- Data as of
- 06/2022
- EIN
- 26-1347003
Organization Overview
Firestone Charter Academy is located in Firestone, CO. The organization was established in 2009. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Firestone Charter Academy employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Firestone Charter 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, Firestone Charter Academy generated $9.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $7.7m during the year ending 06/2022. While expenses have increased by 11.9% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR SCHOOL MISSION: THE MISSION OF FIRESTONE CHARTER ACADEMY IS TO POSITIVELY SHAPE THE HEARTS AND MINDS OF OUR STUDENTS BY PROVIDING THEM WITH A CLASSICAL CORE KNOWLEDGE CURRICULUM THAT IS ACADEMICALLY RIGOROUS AND CONTENT RICH A SAFE ENVIRONMENT IN WHICH CHARACTER IS MODELED AND PROMOTED AND A COMMUNITY IN WHICH TO BUILD TRUSTING RELATIONSHIPS WITH OTHERS. OUR VISION: STUDENTS AT FIRESTONE CHARTER ACADEMY DEVELOP A FOUNDATION OF WISDOM PREPARED TO BE LIFE-LONG LEARNERS POSITIVE ROLE MODELS AND VIRTUOUS CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF PRESCHOOL -8 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristine Reynolds Treasurer | OfficerTrustee | 2 | $0 |
Todd Riccio President | OfficerTrustee | 2 | $0 |
Hyla Schreurs Secretary | OfficerTrustee | 2 | $0 |
Matthew Anderson Member | Trustee | 2 | $0 |
Makenzie Santana Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $80,592 |
| Related organizations | $0 |
| Government grants | $1,101,436 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,617 |
| Noncash contributions included in lines 1a–1f | $2,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,250,645 |
| Total Program Service Revenue | $6,949,735 |
| 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 | -$18,504 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,605,957 |
| 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 | $3,057,679 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $146,142 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,115 |
| Fees for services: Accounting | $8,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,689 |
| Office expenses | $0 |
| Information technology | $40,163 |
| Royalties | $0 |
| Occupancy | $640,850 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $796,412 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $543,893 |
| Insurance | $84,027 |
| All other expenses | $509,518 |
| Total functional expenses | $7,697,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,114,383 |
| Savings and temporary cash investments | $617,409 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,233 |
| 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 | $18,519 |
| Net Land, buildings, and equipment | $15,374,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,238,198 |
| Total assets | $21,419,131 |
| Accounts payable and accrued expenses | $6,815 |
| Grants payable | $0 |
| Deferred revenue | $55,756 |
| Tax-exempt bond liabilities | $17,695,000 |
| 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 | $8,377,050 |
| Total liabilities | $26,134,621 |
| 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 | -$4,715,490 |
| Total liabilities and net assets/fund balances | $21,419,131 |