Silver Spruce Academy
- Assets
- $292.5k
- Revenue
- $210.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Bayfield, CO
- Founding
- 09/2014
- Data as of
- 06/2022
- EIN
- 46-3555425
Organization Overview
Silver Spruce Academy is located in Bayfield, CO. The organization was established in 2014. 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, Silver Spruce Academy employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silver Spruce 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, Silver Spruce Academy generated $210.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $189.1k 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
SILVER SPRUCE ACADEMY PROVIDES EDUCATIONAL ENRICHMENT PROGRAMS AND COURSES TO STUDENTS AND FAMILIES THROUGHOUT THE FOUR CORNERS AREA, IN COLLABORATION WITH OTHER EDUCATIONAL ORGANIZATIONS. SPRUCE STANDS FOR SUPPLEMENTAL PROGRAM AND RESOURCES UTILITIZED IN CURRICULUM EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOW GRATEFUL SPRUCE IS FOR THE $130,000 IN CAPITAL CAMPAIGN DONATIONS RECEIVED TO DATE TOWARDS OUR CONSTRUCTION OF OUR SPRUCE COMMUNITY LEARNING CAMPUS FROM OUR COMMUNITY, CONTRACTING THROUGH MOUNTAIN MIDDLE SCHOOL AND THE CHARTER SCHOOL INSTITUTE FOR OUR PPR CDE STATE FUNDING TO 40 STUDENTS, WORKING WITH 83 VOLUNTEERS W/ OVER 325 HOURS TO OFFER 73 CLASSES AND 30 EDUCATIONAL EVENTS TO A TOTAL OF 270 STUDENTS SERVED! OUR LEASED LOCATION ON 40 RURAL ACRES NEXT TO A LAKE AND RIVER WITH PINE RIVER INDUSTRIES ALLOWED FOR SOME UNIQUE CLASSES INCLUDING SWIMMING, KAYAKING, FLY FISHING, ICE FISHING, ARCHERY, DOG TRAINING, BIKE SAFETY, ESCAPE ROOMS, FORAGING & FREEZE DRYING, AND HORSE-OLOGY. OUR FINANCIAL STABILITY OVER THE LAST NINE YEARS, THROUGH THE CHALLENGES PRESENTED BY THE TWO YEAR COVID GLOBAL PANDEMIC COMPLICATIONS OF 2020, 2021 & 2022, THE UNEXPECTED INCREASE IN COST OF OPERATIONS & LIVING, SURGE IN INFLATION, THE UNCONVENTIONAL RECESSION, AND UNPRECEDENTED ECONOMIC DEVELOPMENTS, SPRUCE HAS REMAINED A VIABLE AND SUCCESSFUL NON-PROFIT CREATING FINANCIAL FEASIBILITY AND STABILITY FOR THE ORGANIZATION, STAFF, PARTICIPANTS, AND COMMUNITY COLLABORATIONS AS WE TRANSITION INTO OUR 10TH YEAR WITH THE EXPECTATION OF PLANTING ROOTS TO OPEN OUR PERMANENT LOCATION BY AUG. 1, 2023 TO CONTINUE OUR MISSION TO PROVIDE EDUCATIONAL ENRICHMENT PROGRAMS AND COURSES TO STUDENTS AND FAMILIES THROUGHOUT THE FOUR CORNERS AREA, IN COLLABORATION WITH OTHER EDUCATIONAL ORGANIZATIONS. SPRUCE UP YOUR EDUCATION USING YOUR HEART TO GUIDE YOUR HEAD & HANDS!!!
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie Howard Executive Dir. | Officer | 40 | $52,808 |
Monica Wagner Vice Pres/sec | OfficerTrustee | 2 | $0 |
Beth Vincent President | OfficerTrustee | 2 | $0 |
Jonathon Drake President | OfficerTrustee | 2 | $0 |
Rylee Meshew Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,602 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,078 |
| Noncash contributions included in lines 1a–1f | $24,169 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,680 |
| Total Program Service Revenue | $133,985 |
| Investment income | $96 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $904 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $210,712 |
| 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. | $56,709 |
| Compensation of current officers, directors, key employees. | $8,507 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,123 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,645 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,665 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,987 |
| Office expenses | $83 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,238 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,494 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,021 |
| Insurance | $7,009 |
| All other expenses | $13,039 |
| Total functional expenses | $189,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,598 |
| Savings and temporary cash investments | $76,696 |
| Pledges and grants receivable | $0 |
| 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 | $885 |
| Net Land, buildings, and equipment | $178,081 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $515 |
| Other assets | $31,711 |
| Total assets | $292,486 |
| Accounts payable and accrued expenses | $4,003 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $127,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $131,503 |
| Net assets without donor restrictions | $160,983 |
| 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 | $292,486 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Silver Spruce Academy has recieved totaling $58.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $58 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leman Academy Of Excellence Inc Tucson, AZ | $127,912,652 | $38,356,100 |
Valor Christian Schools Highlands Ranch, CO | $100,135,509 | $35,639,062 |
Graland Country Day Denver, CO | $34,468,964 | $24,500,410 |
Ramah Navajo School Board Inc Pine Hill, NM | $44,102,049 | $26,881,100 |
Peak To Peak Charter Schools Inc Lafayette, CO | $45,135,822 | $22,203,170 |
Association Of Christian Schools International Colorado Springs, CO | $18,742,731 | $17,834,465 |
Horizon Community Learning Center Inc Phoenix, AZ | $18,558,731 | $15,800,218 |
Cheyenne Mountain Charter Academy Colorado Springs, CO | $6,874,430 | $14,641,481 |
Gilbert Christian Schools Inc Gilbert, AZ | $7,847,673 | $15,216,131 |
Heritage Academy Inc Mesa, AZ | $18,363,649 | $13,455,385 |
Kingman Academy Of Learning Kingman, AZ | $18,472,423 | $13,887,291 |
Legacy Traditional School-Queen Creek Chandler, AZ | $20,023,143 | $11,762,909 |