Lowell Whiteman School
- Assets
- $14.7m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 55
- Location
- Steamboat Springs, CO
- Founding
- 02/1958
- Data as of
- 06/2022
- EIN
- 84-0469317
Organization Overview
Lowell Whiteman School, operating under the name Steamboat Mountain School, is located in Steamboat Springs, CO. The organization was established in 1958. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Steamboat Mountain School employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steamboat 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 06/2022, Steamboat Mountain School generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $5.3m during the year ending 06/2022. While expenses have increased by 12.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE COLLEGE PREPARATION BOARDING AND DAY SCHOOL FOR APPROXIMATELY 60 STUDENTS.PRIVATE PRIMARY SCHOOL SERVING APPROXIMATELY 60 STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE COLLEGE PREPARATION BOARDING AND DAY SECONDARY SCHOOL SERVING APPROX 60 STUDENTS. PRIVATE PRIMARY SCHOOL SERVING APPROX 40 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samantha C Donnel Head Of School | 40 | $180,000 | |
Travis Wilkinson Vice Chair | OfficerTrustee | 1 | $0 |
Johnny Spillane Chair | OfficerTrustee | 1 | $0 |
Rob Reich Treasurer | OfficerTrustee | 1 | $0 |
Carol Davidson Secretary | OfficerTrustee | 1 | $0 |
Erin Brosterhous Bod | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $780,045 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $780,045 |
| Total Program Service Revenue | $5,378,846 |
| Investment income | $151,818 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $61,859 |
| Net Gain/Loss on Asset Sales | $227,754 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,600,322 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,014,252 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $180,000 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,878,649 |
| Pension plan accruals and contributions | $63,697 |
| Other employee benefits | $241,237 |
| Payroll taxes | $152,789 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,636 |
| Fees for services: Accounting | $38,556 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $66,525 |
| Office expenses | $27,997 |
| Information technology | $86,118 |
| Royalties | $0 |
| Occupancy | $169,873 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,345 |
| Interest | $71,111 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $308,301 |
| Insurance | $105,585 |
| All other expenses | $173,122 |
| Total functional expenses | $5,330,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,261,386 |
| Savings and temporary cash investments | $1,195,101 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,735 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $63,366 |
| Net Land, buildings, and equipment | $7,545,345 |
| Investments—publicly traded securities | $3,548,384 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $106,584 |
| Total assets | $14,741,901 |
| Accounts payable and accrued expenses | $263,811 |
| Grants payable | $0 |
| Deferred revenue | $2,068,035 |
| 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 | $2,316,952 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,648,798 |
| Net assets without donor restrictions | $7,530,994 |
| Net assets with donor restrictions | $2,562,109 |
| 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 | $14,741,901 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lowell Whiteman School has recieved totaling $35,855.
| Awarding Organization | Amount |
|---|---|
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $16,021 |
Historic Routt County Steamboat Springs, CO PURPOSE: GRANT PASS THRU | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,100 |
Fidelity Foundation Boston, MA PURPOSE: MATCHING GIFTS TO EDUCATION | $4,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $234 |
Endowment Analysis
| Beg. Balance | $1,821,220 |
| Earnings | -$59,282 |
| Net Contributions | $15,250 |
| Other Expense | $60,000 |
| Ending Balance | $1,717,188 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Christian Schools International Colorado Springs, CO | $18,742,731 | $17,834,465 |
Horizon Community Learning Center Inc Phoenix, AZ | $18,558,731 | $15,800,218 |
Cheyenne Mountain Charter Academy Colorado Springs, CO | $6,874,430 | $14,641,481 |
Gilbert Christian Schools Inc Gilbert, AZ | $7,847,673 | $15,216,131 |
Heritage Academy Inc Mesa, AZ | $18,363,649 | $13,455,385 |
Kingman Academy Of Learning Kingman, AZ | $18,472,423 | $13,887,291 |
Legacy Traditional School-Queen Creek Chandler, AZ | $20,023,143 | $11,762,909 |
Legacy Traditional School- Avondale Inc Chandler, AZ | $23,043,250 | $12,125,697 |
Pan-American Elementary Charter School Phoenix, AZ | $37,196,562 | $11,678,522 |
Oklahoma Christian Schools Incorporated Edmond, OK | $41,374,712 | $15,358,139 |
Shiprock Associated Schools Inc Shiprock, NM | $31,955,534 | $19,122,666 |
Vista College Preparatory Inc Phoenix, AZ | $23,500,378 | $10,120,294 |