Atlas Preparatory School Inc
- Assets
- $24.1m
- Revenue
- $17.9m
- Investments
- $0.0
- Employees
- 210
- Location
- Colorado Springs, CO
- Founding
- 04/2009
- Data as of
- 06/2022
- EIN
- 26-2055229
Organization Overview
Atlas Preparatory School Inc is located in Colorado Springs, CO. The organization was established in 2009. 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, Atlas Preparatory School Inc employed 210 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlas Preparatory School Inc 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, Atlas Preparatory School Inc generated $17.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $10.1m during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
ATLAS PREPARATORY SCHOOL PREPARES AND EMPOWERS ALL STUDENTS FOR SUCCESS ON THEIR POST-GRADUATE PATHS THROUGH EDUCATIONAL EXCELLENCE,CHARACTER DEVELOPMENT AND COMMUNITY ENGAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brittney Stroh Executive Director | Officer | 50 | $130,328 |
Emily Kim Director Of Development (former) | 40 | $116,186 | |
Casey Mccomsey Chief Of Staff | Officer | 40 | $107,644 |
Rebecca Pontieri Middle School Principal (former) | 40 | $101,335 | |
Megan Hyten Director Of Finance | Officer | 40 | $98,283 |
Adrienne Tuck Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,551,126 |
| All other contributions, gifts, grants, and similar amounts not included above | $951,356 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,502,482 |
| Total Program Service Revenue | $12,342,299 |
| Investment income | $23,075 |
| 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 | $17,922,122 |
| 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. | $662,628 |
| Compensation of current officers, directors, key employees. | $397,577 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,158,533 |
| Pension plan accruals and contributions | -$1,871,370 |
| Other employee benefits | $429,615 |
| Payroll taxes | $102,743 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,992 |
| Fees for services: Accounting | $52,568 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,813 |
| Advertising and promotion | $97,870 |
| Office expenses | $1,543 |
| Information technology | $54,640 |
| Royalties | $0 |
| Occupancy | $1,013,813 |
| Travel | $21,730 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,006 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $363,673 |
| Insurance | $83,518 |
| All other expenses | $588,740 |
| Total functional expenses | $10,148,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,266,834 |
| Savings and temporary cash investments | $11,948,722 |
| Pledges and grants receivable | $445,486 |
| Accounts receivable, net | $1,005,925 |
| 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 | $52,678 |
| Net Land, buildings, and equipment | $4,279,959 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,074,542 |
| Total assets | $24,074,146 |
| Accounts payable and accrued expenses | $467,564 |
| Grants payable | $0 |
| Deferred revenue | $91,417 |
| 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 | $224,659 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,726,945 |
| Total liabilities | $13,510,585 |
| Net assets without donor restrictions | $10,148,561 |
| Net assets with donor restrictions | $415,000 |
| 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 | $24,074,146 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Atlas Preparatory School Inc has recieved totaling $464,883.
| Awarding Organization | Amount |
|---|---|
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $125,000 |
The Colorado Health Foundation Denver, CO PURPOSE: MAINTAIN HEALTHY BODIES | $100,000 |
Pikes Peak Community Foundation Colorado Springs, CO PURPOSE: EDUCATION | $63,500 |
The Joseph Henry Edmondson Foundation Colorado Springs, CO PURPOSE: ATLAS CAPITAL EXPANSION, HOLIDAY GRANT,GENERAL | $34,000 |
Myron Stratton Home Colorado Springs, CO PURPOSE: FUNDING FOR ACADEMIC ACCESS TO EDUCATION. COLLEGE-READY PATHWAYS AND FAMILY SCHOLARSHIPS FOR LIVING ESSENTIALS. | $30,000 |
Temple Hoyne Buell Foundation Denver, CO PURPOSE: SEXUAL HEALTH EDUCATION AND TEEN PREGNANCY PREVENTION PROGRAM | $27,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Utah Charter Academies Draper, UT | $87,193,817 | $47,458,045 |
Strive Preparatory Schools Denver, CO | $16,366,153 | $54,741,372 |
Kipp Colorado Schools Denver, CO | $14,636,055 | $38,026,869 |
Legacy Traditional Schools - Nevada Inc Chandler, AZ | $98,471,077 | $39,227,732 |
Goal Academy Pueblo, CO | $51,570,908 | $48,674,529 |
Spectrum Academy North Salt Lake City, UT | $38,407,104 | $29,729,025 |
Odyssey Preparatory Academy Inc Buckeye, AZ | $75,530,982 | $28,243,391 |
Dove Schools Oklahoma City, OK | $6,243,861 | $28,048,630 |
Rocky Mountain Preparatory School Denver, CO | $30,804,994 | $31,097,127 |
Arizona Connections Academy Charter School Gilbert, AZ | $11,036,365 | $27,443,157 |
Benjamin Franklin Charter School - Queen Creek Gilbert, AZ | $74,039,747 | $26,576,099 |
Daisy Education Corporation Gilbert, AZ | $46,295,236 | $27,502,043 |