Colorado Academy
- Assets
- $114.7m
- Revenue
- $44.3m
- Investments
- $202.8k
- Employees
- 530
- Location
- Denver, CO
- Founding
- 04/1952
- Data as of
- 06/2022
- EIN
- 84-0421874
Organization Overview
Colorado Academy is located in Denver, CO. The organization was established in 1952. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Colorado Academy employed 530 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado 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 Academy generated $44.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $39.0m during the year ending 06/2022. While expenses have increased by 4.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE AND CHALLENGE STUDENTS ETHICALLY, ACADEMICALLY, ARTISTICALLY, AND ATHLETICALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF 1,019 STUDENTS IN GRADES PRE-K THROUGH 12. COLORADO ACADEMY STRIVES FOR ACADEMIC EXCELLENCE AND THE HIGHEST STANDARDS OF ACHIEVEMENT THROUGH ACADEMIC STUDIES, ATHLETIC PURSUITS, ARTISTIC VENTURES, SUMMER PROGRAMS, AND EXTRACURRICULAR ACTIVITIES. STUDENTS LEARN TO THINK AND CREATE AS THEY FORGE A LIFE-LONG LEARNING ADVENTURE.
SUMMER AND OTHER PROGRAMS FOR APPROXIMATELY 1,500 STUDENTS INCLUDES A TRADITIONAL SUMMER CAMP, SPECIALTY CAMPS, AND THE HORIZON PROGRAM. THE SUMMER PROGRAM AT COLORADO ACADEMY, FOUNDED IN 1951, PROVIDES A VARIETY OF ACTIVITIES TO MORE THAN 500 KIDS (AGES 4 THROUGH 18) FOR EIGHT WEEKS EACH SUMMER. THE PROGRAMS ARE FUN, ENGAGING, AND CHALLENGING-BOTH INTELLECTUALLY AND PHYSICALLY. HORIZONS AT COLORADO ACADEMY IS ONE OF OVER 60 AFFILIATES AROUND THE COUNTRY THAT PROVIDES EXTENSIVE ENRICHMENT PROGRAMMING FOR UNDERSERVED YOUTH IN AND AROUND DENVER. SINCE ITS FOUNDING IN 1998, THE PROGRAM HAS GROWN EXTENSIVELY IN 2022, ENROLLMENT WAS AT 250 STUDENTS.
TRANSPORTATION TO AND FROM SCHOOL IS USED BY APPROXIMATELY 335 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Davis Head Of School | Officer | 40 | $496,374 |
Alanna Brown Business Manager/cfo | Officer | 40 | $221,488 |
William Wolf-Tinsman Middle School Principal | 40 | $172,598 | |
Angella Crabtree Lower School Principal | 40 | $165,318 | |
Jacque Montgomery- Director Of Advancement And External Affairs | 40 | $155,690 | |
William Hall Director Of Athletics | 40 | $140,487 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Food Services | 6/29/22 | $1,205,365 |
Churchich Recreation Playground Equipment | 6/29/22 | $371,555 |
Haynes Mechanical Services Hvac Services | 6/29/22 | $282,751 |
Musco Sports Lighting Field Lighting | 6/29/22 | $364,903 |
Fransen Pittman General Contractors Construction Services | 6/29/22 | $8,441,842 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $699,938 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,029,338 |
| Noncash contributions included in lines 1a–1f | $1,199,031 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,729,276 |
| Total Program Service Revenue | $34,337,636 |
| Investment income | $1,162,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $77,657 |
| Net Gain/Loss on Asset Sales | -$34,152 |
| Net Income from Fundraising Events | -$14,314 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $342 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,259,013 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,319,154 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $751,984 |
| Compensation of current officers, directors, key employees. | $508,928 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,645,580 |
| Pension plan accruals and contributions | $1,157,486 |
| Other employee benefits | $3,761,405 |
| Payroll taxes | $1,252,495 |
| 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 | $90,198 |
| Fees for services: Other | $313,079 |
| Advertising and promotion | $689,534 |
| Office expenses | $173,252 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,801,605 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,668,072 |
| Insurance | $126,210 |
| All other expenses | $13,053 |
| Total functional expenses | $38,997,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,592,316 |
| Pledges and grants receivable | $1,357,433 |
| Accounts receivable, net | $20,030 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,825 |
| Prepaid expenses and deferred charges | $249,675 |
| Net Land, buildings, and equipment | $64,642,691 |
| Investments—publicly traded securities | $30,622,101 |
| Investments—other securities | $202,845 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $114,741,916 |
| Accounts payable and accrued expenses | $2,867,688 |
| Grants payable | $0 |
| Deferred revenue | $1,480,244 |
| 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 | $5,925,418 |
| Total liabilities | $10,273,350 |
| Net assets without donor restrictions | $69,812,417 |
| Net assets with donor restrictions | $34,656,149 |
| 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 | $114,741,916 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Colorado Academy has recieved totaling $3,250.
| Awarding Organization | Amount |
|---|---|
Gates Family Foundation Denver, CO PURPOSE: ANNUAL CAMPAIGN SUPPORT | $3,000 |
Halverson Foundation Steamboat Springs, CO PURPOSE: UNRESTRCITED | $250 |
Endowment Analysis
| Beg. Balance | $33,100,629 |
| Earnings | -$2,858,506 |
| Admin Expense | $90,198 |
| Net Contributions | $2,457,192 |
| Other Expense | $1,350,000 |
| Ending Balance | $31,259,117 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Challenger School Foundation Sandy, UT | $488,200,249 | $158,595,175 |
Colorado Academy Denver, CO | $114,741,916 | $44,259,013 |
Paragon Management Surprise, AZ | $64,904,410 | $28,676,995 |
Waterford School Holding Corporation Sandy, UT | $35,882,761 | $26,122,549 |
Phoenix Country Day School Paradise Valley, AZ | $77,907,724 | $28,726,427 |
American Heritage Schools Inc American Fork, UT | $76,345,416 | $17,728,637 |
Vail Mountain School Vail, CO | $56,713,678 | $17,984,280 |
Harvest Power Community Development Group Inc Yuma, AZ | $16,728,343 | $18,038,703 |
Sandia School Albuquerque, NM | $27,571,490 | $14,904,182 |
St Annes Episcopal School Inc Denver, CO | $46,260,720 | $15,462,450 |
Highline Academy Incorporation Denver, CO | $14,864,642 | $15,484,851 |
Legacy Traditional School-Phoenix Chandler, AZ | $39,660,573 | $11,666,395 |