Colorado Aerolab Inc
- Assets
- $47.5k
- Revenue
- $633.7k
- Investments
- $0.0
- Employees
- 43
- Location
- Grand Lake, CO
- Founding
- 02/2018
- Data as of
- 06/2024
- EIN
- 82-2188205
Organization Overview
Colorado Aerolab Inc is located in Grand Lake, CO. The organization was established in 2018. 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 06/2024, Colorado Aerolab Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Aerolab Inc 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 Aerolab Inc generated $633.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 57.2% each year . All expenses for the organization totaled $637.7k during the year ending 06/2024. While expenses have increased by 61.2% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO GROW OUT-OF-SCHOOL-TIME OPPORTUNITIES FOR K12 YOUNG PEOPLE THROUGH HANDS-ON, EXPERIENTIAL LEARNING THAT STIMULATES CURIOSITY AND WONDER AND MAKES A POSITIVE DIFFERENCE IN THE WIDER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IMPLEMENTED ESSER III ELO AND 21ST CENTURY COMMUNITY LEARNING CENTER PROGRAMS IN THE RURAL SCHOOL DISTRICTS OF WEST GRAND AND EAST GRAND. THESE CENTERS OFFERED ACADEMIC AND ENRICHMENT SERVICES TO STUDENTS AFTER SCHOOL AND DURING SUMMER CAMPS WITH A FOCUS ON STEM (SCIENCE, TECHNOLOGY, ENGINEERING AND MATH) PROJECT-BASED LEARNING. DURING SCHOOL YEAR 2023-24, THE ORGANIZATION SERVED 629 K12 STUDENTS IN AFTERSCHOOL PROGRAMS WITH 1100 HOURS OF LEARNING OPPORTUNITIES AND 209 K12 STUDENTS IN SUMMER PROGRAMS WITH 945 HOURS OF LEARNING OPPORTUNITIES.
THE ORGANIZATION AIMS TO CREATE INNOVATIVE EDUCATIONAL MODELS THAT INTEGRATE A MULTIDISCIPLINARY APPROACH, EMPHASIZING SOCIAL-EMOTIONAL LEARNING AND LEADERSHIP DEVELOPMENT TO DRIVE POSITIVE CHANGE IN THE LIVES OF STUDENTS, THEIR FAMILIES, AND THE BROADER COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine Menardi Executive Di | OfficerTrustee | 40 | $106,591 |
Bill Hill Director | Trustee | 2 | $0 |
Teresa Mcdermott Director | Trustee | 2 | $0 |
Crystal Myers Director | Trustee | 2 | $0 |
Dave Skinner Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $569,873 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,882 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $631,755 |
| Total Program Service Revenue | $0 |
| Investment income | $577 |
| 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 | $633,679 |
| 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. | $149,373 |
| Compensation of current officers, directors, key employees. | $22,406 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $351,985 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $42,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,945 |
| Advertising and promotion | $0 |
| Office expenses | $9,269 |
| Information technology | $2,170 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,349 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,722 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $695 |
| Insurance | $3,434 |
| All other expenses | $0 |
| Total functional expenses | $637,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,127 |
| Savings and temporary cash investments | $403 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,960 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,490 |
| Accounts payable and accrued expenses | $11,002 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,002 |
| Net assets without donor restrictions | $36,488 |
| 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 | $47,490 |