Challenge To Excellence Charter School
- Assets
- $15.0m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 71
- Location
- Parker, CO
- Founding
- 04/2003
- Data as of
- 06/2022
- EIN
- 81-0554704
Organization Overview
Challenge To Excellence Charter School is located in Parker, CO. The organization was established in 2003. 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, Challenge To Excellence Charter School employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Challenge To Excellence Charter School 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, Challenge To Excellence Charter School generated $8.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $5.9m during the year ending 06/2022. While expenses have increased by 5.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.TO PROVIDE EDUCATION TO STUDENTS IN GRADES KINDERGARTEN THROUGH 8TH GRADE TO PREPARE THEM FOR A COMPLEX SOCIAL, GLOBAL AND ECONOMIC FUTURE BY DELIVERING A COMPREHENSIVE, EDUCATIONAL PROGRAM WITH A CHALLENGING CURRICULUM THAT COMBINES BASIC SKILLS WITH A STRONG FOCUS ON STANDARDS-BASED EDUCATION. OUR CURRICULUM INTEGRATES READING, WRITING, MATH, AND SCIENCE THROUGH THE APPLIED TECHNOLOGIES TO RESULT IN STUDENTS WHO ARE CRITICAL THINKERS, PROBLEM SOLVERS, LIFE-LONG LEARNERS, AND ACHIEVERS, FLEXIBLE AND ADAPTABLE, EMPOWERED AND ACADEMICALLY WELL-ROUNDED AND PROFICIENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATION TO STUDENTS IN GRADES KINDERGARTEN THROUGH 8TH GRADE TO PREPARE THEM FOR A COMPLEX SOCIAL, GLOBAL AND ECONOMIC FUTURE BY DELIVERING A COMPREHENSIVE, EDUCATIONAL PROGRAM WITH A CHALLENGING CURRICULUM THAT COMBINES BASIC SKILLS WITH A STRONG FOCUS ON STANDARDS-BASED EDUCATION, BENEFITING 535 STUDENTS IN 2021-2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Dougan School Director | Officer | 40 | $55,787 |
Jocelyn Rhymer Chair | OfficerTrustee | 2 | $0 |
Anne Denham Vice Chair | OfficerTrustee | 2 | $0 |
Shannon Thomas Secretary | OfficerTrustee | 2 | $0 |
Amy Kozleski Treasurer | OfficerTrustee | 2 | $0 |
Alec Lee Councilperson | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $246,399 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,204 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $260,603 |
| Total Program Service Revenue | $5,405,378 |
| Investment income | $7,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $48,910 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,271,040 |
| 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. | $141,263 |
| Compensation of current officers, directors, key employees. | $141,263 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,470,957 |
| Pension plan accruals and contributions | $607,905 |
| Other employee benefits | $190,817 |
| Payroll taxes | $43,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,839 |
| Fees for services: Accounting | $7,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $632,599 |
| Advertising and promotion | $0 |
| Office expenses | $25,932 |
| Information technology | $167,749 |
| Royalties | $0 |
| Occupancy | $607,834 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $246,209 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $201,062 |
| Insurance | $45,787 |
| All other expenses | $9,574 |
| Total functional expenses | $5,857,459 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $361,073 |
| Savings and temporary cash investments | $9,183,783 |
| Pledges and grants receivable | $13,393 |
| 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 | $8,483 |
| Net Land, buildings, and equipment | $4,105,090 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,327,085 |
| Total assets | $14,998,907 |
| Accounts payable and accrued expenses | $359,357 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $11,298,659 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $24,416 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,993,322 |
| Total liabilities | $18,675,754 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,541,138 |
| Paid-in or capital surplus, or land, building, or equipment fund | -$7,217,985 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,998,907 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Challenge To Excellence Charter School has recieved totaling $916.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $706 |
Western Union Foundation Inc Denver, CO PURPOSE: GIFT MATCHING GRANT | $210 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Community Development Corporation Tucson, AZ | $20,473,547 | $20,902,974 |
Academy Of Math & Science Inc Tucson, AZ | $35,777,199 | $18,613,878 |
Windsor Charter Academy Windsor, CO | $36,625,608 | $15,987,871 |
Science Technology Engineering And Math Stem High School Highlands Ranch, CO | $15,587,452 | $17,872,586 |
Stargate Charter School Thornton, CO | $19,773,978 | $21,738,033 |
Syracuse Arts Academy Inc Syracuse, UT | $37,683,088 | $15,500,034 |
Legacy Traditional School-Surprise Chandler, AZ | $32,091,284 | $16,357,315 |
American Leadership Academy Inc Spanish Fork, UT | $40,999,211 | $16,702,602 |
Chavez Huerta K-12 Preparatory Academy Pueblo, CO | $45,291,290 | $14,740,819 |
Liberty Tradition Charter School Phoenix, AZ | $15,402,752 | $15,178,313 |
Excelsior Academy Erda, UT | $21,101,376 | $14,135,210 |
Ascent Classical Academy Charter Schools Inc Golden, CO | $7,199,247 | $14,781,015 |