Colorado Timberline Academy Inc
- Assets
- $2.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 19
- Location
- Durango, CO
- Founding
- 08/1975
- Data as of
- 06/2022
- EIN
- 84-0690856
Organization Overview
Colorado Timberline Academy Inc is located in Durango, CO. The organization was established in 1975. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Colorado Timberline Academy Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Timberline Academy Inc 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 Timberline Academy Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. 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
TO PREPARE STUDENTS ACADEMICALLY AND SOCIALLY FOR THE CHALLENGES THEY FACE UPON GRADUATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SECONDARY EDUCATION SERVICES, ROOM AND BOARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Coey Headmaster | Officer | 40 | $55,000 |
Jan Mayer-Gawlik President | OfficerTrustee | 1 | $0 |
Robert Middleton Vice President | OfficerTrustee | 1 | $0 |
Desiree Modnee Director | Trustee | 1 | $0 |
Troy Snyder Treasurer | OfficerTrustee | 1 | $0 |
Mark Chevans Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $117,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,158 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,658 |
| Total Program Service Revenue | $1,495,592 |
| Investment income | $2,739 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,636,989 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,989 |
| Compensation of current officers, directors, key employees. | $111,989 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $405,060 |
| Pension plan accruals and contributions | $28,744 |
| Other employee benefits | $7,236 |
| Payroll taxes | $41,558 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,428 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,365 |
| Advertising and promotion | $7,203 |
| Office expenses | $12,149 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,936 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,669 |
| Insurance | $36,878 |
| All other expenses | $121,779 |
| Total functional expenses | $1,093,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,284 |
| Savings and temporary cash investments | $862,705 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $709,045 |
| 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 | $34,634 |
| Net Land, buildings, and equipment | $336,913 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,420 |
| Total assets | $2,011,001 |
| Accounts payable and accrued expenses | $173,944 |
| Grants payable | $0 |
| Deferred revenue | $186,972 |
| 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 | $0 |
| Total liabilities | $360,916 |
| Net assets without donor restrictions | $1,650,085 |
| Net assets with donor restrictions | $0 |
| 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 | $2,011,001 |