Academy For Advanced & Creative Learning
- Assets
- $6.6m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 75
- Location
- Colorado Springs, CO
- Founding
- 08/2010
- Data as of
- 06/2023
- EIN
- 26-3823113
Organization Overview
Academy For Advanced & Creative Learning is located in Colorado Springs, CO. The organization was established in 2010. 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, Academy For Advanced & Creative Learning employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy For Advanced & Creative Learning 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, Academy For Advanced & Creative Learning generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $3.6m during the year ending 06/2023. While expenses have increased by 1.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE WILL CREATE AN ACADEMIC HOME FOR ADVANCED AND CREATIVE LEARNING, CULTIVATE PERSONAL AND STANDARDS-BASED EXCELLENCE AND LEADERSHIP ABILITY, AND SERVE AS A RESOURCE CENTER FOR THE GIFTED COMMUNITY OF THE PIKES PEAK REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMY FOR ADVANCED AND CREATIVE LEARNING (AACL) IS A K-8 OPEN-ENROLLMENT CHARTER SCHOOL THAT IS AUTHORIZED BY DISTRICT 11 COLORADO SPRINGS. AACL SPECIALIZES IN ADVANCED LEARNERS AND SERVES STUDENTS WHO ARE GIFTED, ADVANCED, CREATIVE, AND TWICE-EXCEPTIONAL. THE SCHOOL SERVED 289 STUDENTS DURING THE 2022-2023 FISCAL YEAR. STUDENTS INCLUDE THOSE LIVING WITHIN DISTRICT 11 AND ALSO STUDENTS COMING FROM OUTSIDE THE DISTRICT WITHIN THE PIKES PEAK REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Marcy Treasurer | OfficerTrustee | 5 | $0 |
Ashley Sportel Secretary | OfficerTrustee | 5 | $0 |
Bryan Owens President | OfficerTrustee | 5 | $0 |
Mark Vogtner Vice President | OfficerTrustee | 5 | $0 |
Nikki Myers Academy Director | Officer | 60 | $104,063 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $426,279 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,129 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $430,408 |
| Total Program Service Revenue | $3,705,486 |
| Investment income | $5,904 |
| 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 | $4,143,866 |
| 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. | $109,739 |
| Compensation of current officers, directors, key employees. | $27,435 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,475,017 |
| Pension plan accruals and contributions | $297,260 |
| Other employee benefits | $89,692 |
| Payroll taxes | $30,586 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,793 |
| Fees for services: Accounting | $14,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $969 |
| Information technology | $7,350 |
| Royalties | $0 |
| Occupancy | $103,964 |
| Travel | $2,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,285 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,197 |
| Insurance | $23,210 |
| All other expenses | $143,959 |
| Total functional expenses | $3,636,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,284,008 |
| Savings and temporary cash investments | $704,193 |
| Pledges and grants receivable | $252,409 |
| Accounts receivable, net | $0 |
| 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 | $23,688 |
| Net Land, buildings, and equipment | $2,574,199 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $775,187 |
| Total assets | $6,613,684 |
| Accounts payable and accrued expenses | $280,757 |
| Grants payable | $0 |
| Deferred revenue | $3,000 |
| 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 | $3,870,844 |
| Total liabilities | $4,154,601 |
| Net assets without donor restrictions | $2,339,083 |
| Net assets with donor restrictions | $120,000 |
| 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 | $6,613,684 |