Colorado Skies Academy
- Assets
- $12.2m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 38
- Location
- Englewood, CO
- Founding
- 10/2019
- Data as of
- 06/2022
- EIN
- 83-4575395
Organization Overview
Colorado Skies Academy is located in Englewood, 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 06/2022, Colorado Skies Academy employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Skies 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, Colorado Skies Academy generated $3.5m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $3.7m during the year ending 06/2022. While expenses have increased by 4.4% per year over the past 2 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
CSA'S MISSION IS TO INSPIRE SUCCESSFUL CAREERS IN THE AEROSPACE INDUSTRY WITH AN ACADEMICALLY RIGOROUS PROJECT-BASED CURRICULUM THAT PREPARES STUDENTS FOR ADVANCED SECONDARY AND POST-SECONDARY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF MIDDLE SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sindra Richars-Evans Board Member | Trustee | 2 | $0 |
Christy Coryell Board Chair | OfficerTrustee | 2 | $0 |
Ralph Forsythe Board Member | Trustee | 2 | $0 |
Christina Jeffrey Secretary | OfficerTrustee | 2 | $0 |
April Lanotte Vice Chair | OfficerTrustee | 2 | $0 |
Carla Sanchez Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $221,560 |
| All other contributions, gifts, grants, and similar amounts not included above | $556,674 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $778,234 |
| Total Program Service Revenue | $2,570,893 |
| Investment income | $0 |
| 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 | $3,455,581 |
| 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 | $1,148,879 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $587,800 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,940 |
| Fees for services: Accounting | $18,988 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,045 |
| Office expenses | $76,309 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,291 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $357,005 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $227,301 |
| Insurance | $37,954 |
| All other expenses | $90,018 |
| Total functional expenses | $3,660,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,445 |
| Savings and temporary cash investments | $780,097 |
| Pledges and grants receivable | $20,792 |
| Accounts receivable, net | $250,000 |
| 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 | $9,466,224 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,336,307 |
| Total assets | $12,184,865 |
| Accounts payable and accrued expenses | $347,402 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $10,730,000 |
| 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 | $2,768,184 |
| Total liabilities | $13,845,586 |
| Net assets without donor restrictions | $0 |
| 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 | -$1,660,721 |
| Total liabilities and net assets/fund balances | $12,184,865 |