Fountain Valley School Of Colorado
- Assets
- $92.4m
- Revenue
- $24.8m
- Investments
- $4.8m
- Employees
- 177
- Location
- Colorado Springs, CO
- Founding
- 12/1959
- Data as of
- 06/2021
- EIN
- 84-0423922
Organization Overview
Fountain Valley School Of Colorado is located in Colorado Springs, CO. The organization was established in 1959. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Fountain Valley School Of Colorado employed 177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fountain Valley School Of Colorado 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 06/2021, Fountain Valley School Of Colorado generated $24.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $17.9m during the year ending 06/2021. While expenses have increased by 2.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL IS A UNIQUE, GLOBAL BOARDING SCHOOL WITH A RIGOROUS COLLEGE PREPARATORY CURRICULUM.
Describe the Organization's Program Activity:
THE FOUNTAIN VALLEY SCHOOL PROVIDES INSTRUCTION TO STUDENTS; SERVICES TO STUDENTS SUCH AS HOUSING, ATHLETICS, INFIRMARY TO INCLUDE COUNSELING, FOOD SERVICES, AND SCHOLARSHIPS. EDUCATION: ALONG WITH A RIGOROUS ACADEMIC CURRICULUM THAT INCLUDES 18 ADVANCED PLACEMENT COURSES AND HONOR CLASSES IN EVERY DISCIPLINE, FOUNTAIN VALLEY'S SIGNATURE PROGRAMS ARE: THE GLOBAL SCHOLAR DIPLOMA INCLUDING THE SCHOOL'S MEMBERSHIP IN ROUND SQUARE; EXPERIENTIAL LEARNING SUCH AS THE WESTERN IMMERSION PROGRAM AND INTERIM TRAVEL ADVENTURES; THE EQUESTRIAN PROGRAM WITH BOTH ENGLISH AND WESTERN COMPETITIVE RIDERS; AND SPORTS THAT TAKE ADVANTAGE OF ROCKY MOUNTAIN SETTING TO INCLUDE MOUNTAIN BIKING, CLIMBING AND OUTDOOR EDUCATION. HOUSING AND MEALS: FOUNTAIN VALLEY SCHOOL SETS A NATIONAL STANDARD IN RESIDENTIAL LIFE FOR ITS BOARDING STUDENTS AND FACULTY. STUNNING ADOBE RESIDENCES HOUSE SMALL GROUPS OF 16-20 STUDENTS AND FACULTY FAMILIES. WITH COMMUNAL KITCHENS, COMMON ROOMS, FIREPLACES AND PATIOS, RESIDENCE HALLS QUICKLY BECOME A WELCOMING HOME AWAY FROM HOME. THE FVS COMMUNITY GATHERS IN THE DINING HALL FOR THREE MEALS A DAY WITH MYRIAD OPTIONS INCLUDING VEGETARIAN AND GLUTEN FREE. SCHOLARSHIPS: FORTY THREE PERCENT OF STUDENTS RECEIVE FINANCIAL AID. IN THE 2020-2021 SCHOOL YEAR, $3,314,598 IN BOTH MERIT- AND NEED-BASED SCHOLARSHIPS WAS AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Webb Head Of School (non-Voting) | Officer | 40 | $250,050 |
Janet Refior Cofo | Officer | 40 | $157,645 |
Rafael Mucino Assistant Head Of School | 40 | $104,692 | |
Gregory L Thatcher President | OfficerTrustee | 1 | $0 |
Barry Brown Vice President | OfficerTrustee | 1 | $0 |
Link Nicoll Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advanced Facilities Services Facility Management | 6/29/15 | $740,684 |
Flik Food Service | 6/29/15 | $1,105,825 |
Flair Data Systems Inc Technology | 6/29/15 | $293,867 |
Bullseye Construction Construction | 6/29/15 | $261,135 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,101,221 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,633,547 |
| Noncash contributions included in lines 1a–1f | $2,156,477 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,734,768 |
| Total Program Service Revenue | $11,268,645 |
| Investment income | $890,660 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,103 |
| Net Gain/Loss on Asset Sales | $873,357 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$5,638 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,818,046 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,314,598 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $494,835 |
| Compensation of current officers, directors, key employees. | $417,819 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,425,174 |
| Pension plan accruals and contributions | $331,599 |
| Other employee benefits | $861,587 |
| Payroll taxes | $395,329 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,791 |
| Fees for services: Accounting | $37,251 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $159,689 |
| Fees for services: Other | $412,594 |
| Advertising and promotion | $117,421 |
| Office expenses | $178,615 |
| Information technology | $134,414 |
| Royalties | $0 |
| Occupancy | $937,914 |
| Travel | $40,282 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,396 |
| Interest | $140,467 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,179,435 |
| Insurance | $478,306 |
| All other expenses | $546,417 |
| Total functional expenses | $17,901,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,177,985 |
| Savings and temporary cash investments | $2,367,550 |
| Pledges and grants receivable | $1,062,701 |
| Accounts receivable, net | $236,442 |
| 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 | $268,226 |
| Net Land, buildings, and equipment | $36,497,924 |
| Investments—publicly traded securities | $42,614,452 |
| Investments—other securities | $4,771,655 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,366,046 |
| Total assets | $92,362,981 |
| Accounts payable and accrued expenses | $684,743 |
| Grants payable | $0 |
| Deferred revenue | $2,824,263 |
| 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 | $43,379 |
| Total liabilities | $3,552,385 |
| Net assets without donor restrictions | $48,831,853 |
| Net assets with donor restrictions | $39,978,743 |
| 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 | $92,362,981 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Fountain Valley School Of Colorado has recieved totaling $329,951.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $230,000 |
Ronald And Carol Moore Family Foundation Denver, CO PURPOSE: GENERAL DONATIONS | $50,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $18,586 |
David And Molly Pyott Foundation Avon, CO PURPOSE: EDUCATION | $15,000 |
Amg Charitable Gift Foundation Greenwood Village, CO PURPOSE: EDUCATION | $10,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $37,349,533 |
| Earnings | $11,850,963 |
| Net Contributions | $5,053,013 |
| Other Expense | $6,294,615 |
| Ending Balance | $47,958,894 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Springs Early Colleges Fort Collins, CO | $35,604,171 | $48,955,771 |
Albuquerque Academy Hcsr Albuquerque, NM | $165,817,111 | $34,153,293 |
Kent Denver Country Day School Englewood, CO | $152,128,736 | $28,714,995 |
Santa Fe Indian School Santa Fe, NM | $90,382,939 | $26,366,608 |
Wichita Collegiate School Wichita, KS | $29,920,797 | $19,193,886 |
Santa Fe Preparatory School Santa Fe, NM | $79,113,849 | $36,111,805 |
Fountain Valley School Of Colorado Colorado Springs, CO | $92,362,981 | $24,818,046 |
Wasatch Academy Mt Pleasant, UT | $45,866,695 | $17,823,805 |
Navajo Preparatory School Inc Farmington, NM | $37,567,327 | $9,309,197 |
Bosque School Albuquerque, NM | $33,698,643 | $13,258,557 |
Utah Military Academy Riverdale, UT | $24,344,819 | $12,220,357 |
Valley Christian Schools Chandler, AZ | $29,261,285 | $13,775,724 |