Kent Denver Country Day School
- Assets
- $138.0m
- Revenue
- $30.5m
- Investments
- $40.8m
- Employees
- 0
- Location
- Englewood, CO
- Founding
- 11/1941
- Data as of
- 06/2022
- EIN
- 84-0242810
Organization Overview
Kent Denver Country Day School, operating under the name Kent Denver School, is located in Englewood, CO. The organization was established in 1941. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kent Denver 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, Kent Denver School generated $30.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $32.5m during the year ending 06/2022. While expenses have increased by 5.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EXCELLENCE IN SCHOLARSHIP AND CHARACTER IS THE GOAL OF A KENT DENVER EDUCATION.
Describe the Organization's Program Activity:
KENT DENVER SCHOOL (THE SCHOOL) IS AN INDEPENDENT SCHOOL FOR GRADES SIX THROUGH TWELVE, LOCATED IN CHERRY HILLS VILLAGE, COLORADO. THE MISSION OF THE SCHOOL IS TO TRANSFORM LIVES OF STUDENTS AND COMMUNITY THROUGH EXTRAORDINARY EDUCATIONAL EXPERIENCES. THE SCHOOL'S OBJECTIVE IS TO WORK WITH FAMILIES TO ENCOURAGE INTELLECTUAL CURIOSITY, INDEPENDENT THINKING, AND MORAL DEVELOPMENT IN STUDENTS, AND TO ESTABLISH A FOUNDATION FOR LEARNING IN COLLEGE AND THROUGHOUT LIFE. THE SCHOOL PROVIDES EDUCATIONAL INSTRUCTION TO APPROXIMATELY 700 STUDENTS, AND FUNDS ITS OPERATIONS PRIMARILY FROM TUITION, FEES, CONTRIBUTIONS AND INVESTMENT INCOME.THE SCHOOL ALSO CONDUCTS THE BREAKTHROUGH PROGRAM (THE PROGRAM) THROUGH WHICH IT OFFERS A RIGOROUS ACADEMIC CURRICULUM FOR MOTIVATED DENVER PUBLIC SCHOOL STUDENTS AT NO COST TO THE STUDENTS OR THEIR FAMILIES. APPROXIMATELY 185 MIDDLE SCHOOL STUDENTS, PRIMARILY FROM LOW-INCOME FAMILIES, PARTICIPATE IN THE SIX-WEEK PROGRAM, WHICH IS TAUGHT BY HIGH SCHOOL AND COLLEGE STUDENTS. A MENTORSHIP PROGRAM CONTINUES THROUGH THE ACADEMIC YEAR, DURING WHICH HIGH SCHOOL TUTORS MEET WEEKLY WITH THE PROGRAM STUDENTS. THE SCHOOL'S FINANCIAL STATEMENTS INCLUDE THE ACTIVITIES OF THE PROGRAM.THE OUTBREAK OF THE 2019 CORONAVIRUS DISEASE ("COVID-19"), WHICH WAS DECLARED A GLOBAL PANDEMIC BY THE WORLD HEALTH ORGANIZATION ON MARCH 11, 2020, AND THE RELATED RESPONSES BY PUBLIC HEALTH AND GOVERNMENTAL AUTHORITIES TO CONTAIN AND COMBAT ITS OUTBREAK AND SPREAD, ADVERSELY AFFECTED WORKFORCES, ECONOMIES, AND FINANCIAL MARKETS GLOBALLY. THE SCHOOL WAS ABLE TO FINISH THE SCHOOL YEAR IN A REMOTE ENVIRONMENT WITH MINIMAL DISRUPTION TO STUDENT LEARNING. SUMMER PROGRAMMING WAS MORE LIMITED IN SCOPE THAN THAT OF PREVIOUS YEARS AS THE SCHOOL OFFERED CAMPS LIMITED TO A VIRTUAL ENVIRONMENT. THE CAMPUS HAS RE-OPENED FOR IN-PERSON LEARNING AND A LIMITED NUMBER OF STUDENTS WORKING REMOTELY FOR THE 2020/2021 ACADEMIC YEAR WITH INCREASED SAFETY MEASURES IN PLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rand Harrington Head Of School | OfficerTrustee | 50 | $400,638 |
Kristin Mckissick President | OfficerTrustee | 2 | $0 |
Laton Spahr Vice President | OfficerTrustee | 2 | $0 |
Julia Sayre Donnelly Treasurer | OfficerTrustee | 2 | $0 |
Bruce Mcgrath Secretary | OfficerTrustee | 2 | $0 |
Michele Bergner Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Campus Management Maintenance Service | 6/29/22 | $1,936,029 |
Cmc Group Construction | 6/29/22 | $581,764 |
Sodexo Food Service Food Services | 6/29/22 | $994,117 |
Sunset Luxury Limousines Busing | 6/29/22 | $339,668 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $481,336 |
| Related organizations | $0 |
| Government grants | $32,195 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,006,301 |
| Noncash contributions included in lines 1a–1f | $319,555 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,519,832 |
| Total Program Service Revenue | $26,105,987 |
| Investment income | $632,634 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $282,238 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,540,691 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,662,346 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $854,280 |
| Compensation of current officers, directors, key employees. | $575,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,482,141 |
| Pension plan accruals and contributions | $796,283 |
| Other employee benefits | $4,037,366 |
| Payroll taxes | $977,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,355 |
| Fees for services: Other | $109,100 |
| Advertising and promotion | $97,298 |
| Office expenses | $656,744 |
| Information technology | $249,854 |
| Royalties | $0 |
| Occupancy | $3,077,133 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $669,256 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,110,150 |
| Insurance | $305,696 |
| All other expenses | $0 |
| Total functional expenses | $32,480,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,572,676 |
| Pledges and grants receivable | $3,424,381 |
| Accounts receivable, net | $83,208 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,733 |
| Prepaid expenses and deferred charges | $420,504 |
| Net Land, buildings, and equipment | $61,588,886 |
| Investments—publicly traded securities | $22,532,207 |
| Investments—other securities | $40,756,615 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $606,402 |
| Total assets | $137,993,612 |
| Accounts payable and accrued expenses | $2,122,307 |
| Grants payable | $0 |
| Deferred revenue | $7,252,396 |
| Tax-exempt bond liabilities | $17,324,286 |
| 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 | $606,402 |
| Total liabilities | $27,305,391 |
| Net assets without donor restrictions | $65,142,820 |
| Net assets with donor restrictions | $45,545,401 |
| 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 | $137,993,612 |