Colorado Rocky Mountain School
- Assets
- $43.3m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 105
- Location
- Carbondale, CO
- Founding
- 05/1957
- Data as of
- 06/2021
- EIN
- 84-0425174
Organization Overview
Colorado Rocky Mountain School is located in Carbondale, CO. The organization was established in 1957. 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 06/2021, Colorado Rocky Mountain School employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Rocky Mountain 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 06/2021, Colorado Rocky Mountain School generated $11.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $10.6m during the year ending 06/2021. While expenses have increased by 2.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COLORADO ROCKY MOUNTAIN SCHOOL, INC. IS A CO-EDUCATIONAL, COLLEGE- PREPARATORY BOARDING AND DAY SCHOOL FOR STUDENTS IN GRADES 9 THROUGH 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONS AND MAINTENANCE OF A PRIVATE CO-EDUCATIONAL COLLEGE- PREPARATORY BOARDING AND DAY SCHOOL FOR STUDENTS IN GRADES 9 THROUGH 12. COLORADO ROCKY MOUNTAIN SCHOOL, INC. ENROLLS APPROXIMATELY 170 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey V Leahy Head Of Scho | Officer | 50 | $214,401 |
Joseph D White Assistant Tr | Officer | 48 | $156,513 |
Molly Hall Dorais Admissions D | 40 | $113,185 | |
Heath Kerr Hignight Development | 40 | $107,475 | |
Stan Wattles President | OfficerTrustee | 2 | $0 |
Lisanne Rogers Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $46,165 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,433,162 |
| Noncash contributions included in lines 1a–1f | $98,431 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,479,327 |
| Total Program Service Revenue | $9,097,043 |
| Investment income | $182,309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,000 |
| Net Gain/Loss on Asset Sales | $1,094,372 |
| Net Income from Fundraising Events | $31,851 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,862 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,922,762 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,964,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $440,311 |
| Compensation of current officers, directors, key employees. | $349,622 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,433,817 |
| Pension plan accruals and contributions | $154,657 |
| Other employee benefits | $753,220 |
| Payroll taxes | $337,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,403 |
| Fees for services: Accounting | $13,697 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,823 |
| Fees for services: Other | $168,576 |
| Advertising and promotion | $67,143 |
| Office expenses | $73,010 |
| Information technology | $106,789 |
| Royalties | $0 |
| Occupancy | $222,263 |
| Travel | $23,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,289 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $791,652 |
| Insurance | $132,986 |
| All other expenses | $119,875 |
| Total functional expenses | $10,643,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,247,078 |
| Savings and temporary cash investments | $7,209,497 |
| Pledges and grants receivable | $111,459 |
| Accounts receivable, net | $13,890 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $102,480 |
| Prepaid expenses and deferred charges | $74,014 |
| Net Land, buildings, and equipment | $20,546,019 |
| Investments—publicly traded securities | $11,962,255 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $43,266,692 |
| Accounts payable and accrued expenses | $1,633,009 |
| Grants payable | $0 |
| Deferred revenue | $3,975,999 |
| 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 | $226,561 |
| Total liabilities | $5,835,569 |
| Net assets without donor restrictions | $36,868,636 |
| Net assets with donor restrictions | $562,487 |
| 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 | $43,266,692 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Colorado Rocky Mountain School has recieved totaling $50,250.
| Awarding Organization | Amount |
|---|---|
Gates Family Foundation Denver, CO PURPOSE: PROJECT SUPPORT | $50,000 |
Gene & Neddie Mae Elkus Family Foundation Cincinnati, OH PURPOSE: PROGRAM SUPPORT | $250 |
Endowment Analysis
| Beg. Balance | $8,925,996 |
| Earnings | $2,185,686 |
| Net Contributions | $773,985 |
| Other Expense | -$230,287 |
| Grants | -$370,419 |
| Ending Balance | $11,284,961 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Cibecue Community Education Board Inc Cibecue, AZ | $19,497,767 | $20,057,835 |