Cherry Creek Schools Foundation
- Assets
- $956.8k
- Revenue
- $992.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Greenwood Village, CO
- Founding
- 02/1993
- Data as of
- 06/2021
- EIN
- 84-1218299
Organization Overview
Cherry Creek Schools Foundation is located in Greenwood Village, CO. The organization was established in 1993. 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 06/2021, Cherry Creek Schools Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cherry Creek Schools Foundation 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, Cherry Creek Schools Foundation generated $992.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $904.8k during the year ending 06/2021. While expenses have increased by 17.9% 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
SUPPORT THE CHERRY CREEK SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISING FUNDS TO FINANCE PROGRAMS IN THE EDUCATIONAL AREAS OF BASIC NEEDS, TECHNOLOGY AND ENRICHMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Henden Executive Director | Officer | 40 | $103,307 |
Brian Rooney Chairman | OfficerTrustee | 1 | $0 |
Steve Topalian Past Chair | OfficerTrustee | 1 | $0 |
Peter Stavenger Vice Chairman | OfficerTrustee | 1 | $0 |
Dave Fisher Treasurer | Trustee | 1 | $0 |
David Allen Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $99,850 |
| Related organizations | $0 |
| Government grants | $35,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $887,200 |
| Noncash contributions included in lines 1a–1f | $47,414 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,022,350 |
| Total Program Service Revenue | $0 |
| Investment income | $80 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$33,999 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $992,861 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $570,098 |
| Grants and other assistance to domestic individuals. | $64,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $96,881 |
| Compensation of current officers, directors, key employees. | $23,744 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,080 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $30,612 |
| 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 | $0 |
| Fees for services: Other | $2,303 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $33,295 |
| Total functional expenses | $904,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $663,974 |
| Savings and temporary cash investments | $285,368 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,486 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $956,828 |
| Accounts payable and accrued expenses | $2,102 |
| Grants payable | $500 |
| Deferred revenue | $0 |
| 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 | $2,602 |
| Net assets without donor restrictions | $595,453 |
| Net assets with donor restrictions | $358,773 |
| 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 | $956,828 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Cherry Creek Schools Foundation has recieved totaling $355,261.
| Awarding Organization | Amount |
|---|---|
Daniels Fund Denver, CO PURPOSE: EQUIPMENT FOR THE AVIATION AND HEALTH AND WELLNESS PATHWAYS AT CCIC | $170,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $80,496 |
Mistler Family Foundation Prairie Village, KS PURPOSE: CHARITABLE | $20,000 |
Denver Foundation Denver, CO PURPOSE: PURCHASE OF A SAMARITAN AED WITH PEDIATRIC CARTRIDGE AND READY KIT | $16,249 |
Denver Broncos Charities Englewood, CO PURPOSE: To support the GIRLS High School FLAG FOOTBALL PILOT PROGRAM. | $15,000 |
Careerwise Colorado Denver, CO PURPOSE: TO ASSIST SCHOOL DISTRICTS IN MEETING THE ORGANIZATIONAL NEEDS TO BE SUCCESSFUL IN THE LAUNCH AND SCALING OF YOUTH APPRENTICESHIPS. | $15,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leman Academy Of Excellence Inc Tucson, AZ | $127,912,652 | $38,356,100 |
Valor Christian Schools Highlands Ranch, CO | $100,135,509 | $35,639,062 |
Graland Country Day Denver, CO | $34,468,964 | $24,500,410 |
Ramah Navajo School Board Inc Pine Hill, NM | $44,102,049 | $26,881,100 |
Peak To Peak Charter Schools Inc Lafayette, CO | $45,135,822 | $22,203,170 |
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 |