Colorado International Language Academy
- Assets
- $4.9m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 61
- Location
- Colorado Springs, CO
- Founding
- 10/2019
- Data as of
- 06/2024
- EIN
- 46-2254568
Organization Overview
Colorado International Language Academy is located in Colorado Springs, CO. The organization was established in 2019. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2024, Colorado International Language Academy employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado International Language 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 06/2024, Colorado International Language Academy generated $4.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $3.4m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF CHARTER SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cami Bremer Vice President | OfficerTrustee | 1 | $0 |
Beth Desloges President | OfficerTrustee | 2 | $0 |
Tom Strand Treasurer | OfficerTrustee | 1 | $0 |
Joseph Burns Secretary | OfficerTrustee | 1 | $0 |
Mary Hanson Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $415,743 |
| All other contributions, gifts, grants, and similar amounts not included above | $11 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $415,754 |
| Total Program Service Revenue | $3,723,428 |
| Investment income | $97,598 |
| 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 | $4,241,944 |
| 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 | $1,894,052 |
| Pension plan accruals and contributions | $248,783 |
| Other employee benefits | $114,041 |
| Payroll taxes | $28,743 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,836 |
| Fees for services: Accounting | $9,936 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,097 |
| Advertising and promotion | $45,018 |
| Office expenses | $5,613 |
| Information technology | $7,186 |
| Royalties | $0 |
| Occupancy | $28,204 |
| Travel | $43,845 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $60,212 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $375,412 |
| Insurance | $32,559 |
| All other expenses | $52,260 |
| Total functional expenses | $3,411,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $693,560 |
| Savings and temporary cash investments | $1,821,976 |
| Pledges and grants receivable | $43,085 |
| Accounts receivable, net | $48,864 |
| 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 | $35,124 |
| Net Land, buildings, and equipment | $840,243 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,420,985 |
| Total assets | $4,903,837 |
| Accounts payable and accrued expenses | $202,813 |
| Grants payable | $0 |
| Deferred revenue | $409 |
| 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 | $842,971 |
| Other liabilities | $5,064,763 |
| Total liabilities | $6,110,956 |
| Net assets without donor restrictions | -$1,365,519 |
| Net assets with donor restrictions | $158,400 |
| 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 | $4,903,837 |