Estancia Valley Classical Academy
- Assets
- $13.6m
- Revenue
- $873.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Edgewood, NM
- Founding
- 07/2012
- Data as of
- 06/2022
- EIN
- 45-0637870
Organization Overview
Estancia Valley Classical Academy is located in Edgewood, NM. The organization was established in 2012. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Estancia Valley 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 06/2022, Estancia Valley Classical Academy generated $873.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. 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
THE EVCA FOUNDATION'S PURPOSE IS TO RECEIVE AND MAINTAIN FUNDS OR REAL AND/OR PERSONAL PROPERTY AND TO USE SUCH FUNDS/PROPERTY EXCLUSIVELY FOR THE PURPOSE OF SUPPORTING ESTANCIA VALLEY CLASSICAL ACADEMY CHARTER SCHOOL, A NEW MEXICO PUBLIC CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FACILITIES FOR THE OPERATION OF ESTANCIA VALLEY CLASSICAL ACADEMY, A NEW MEXICO CHARTER SCHOOL
PROVIDED CLASSROOM AND TEACHER SUPPORT THROUGH SCHOLARSHIPS, TEACHER TRAINING PROGRAMS, AND MATERIALS AND SUPPLIES FOR ESTANCIA VALLEY CLASSICAL ACADEMY, A NEW MEXICO PUBLIC CHARTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Bryson Director | Trustee | 1 | $0 |
Alisha Urquhart Treasurer | OfficerTrustee | 10 | $0 |
Dan Garton Director | Trustee | 1 | $0 |
Tiffany Abbott President | OfficerTrustee | 10 | $0 |
Susan Walter Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nca Architects Architect Services | 6/29/22 | $170,402 |
Taft Stettinius & Hollister Llc Bond Legal Counsel | 6/29/22 | $100,713 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,750 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,389 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,139 |
| Total Program Service Revenue | $806,870 |
| Investment income | $1,559 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $31,010 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $873,728 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,531 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,595 |
| Advertising and promotion | $79 |
| Office expenses | $2,197 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,025 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $678,372 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $235,551 |
| Insurance | $25,562 |
| All other expenses | $13,824 |
| Total functional expenses | $2,060,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,632 |
| Savings and temporary cash investments | $4,220,415 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7 |
| 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 | $2,147 |
| Net Land, buildings, and equipment | $8,679,582 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $519,768 |
| Total assets | $13,591,551 |
| Accounts payable and accrued expenses | $426,582 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $15,270,000 |
| 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 | $467,813 |
| Total liabilities | $16,164,395 |
| Net assets without donor restrictions | -$2,572,844 |
| 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 | $13,591,551 |