Classical Academy
- Assets
- $94.1m
- Revenue
- $35.9m
- Investments
- $0.0
- Employees
- 693
- Location
- Colorado Springs, CO
- Founding
- 02/1998
- Data as of
- 06/2022
- EIN
- 84-1349017
Organization Overview
Classical Academy is located in Colorado Springs, CO. The organization was established in 1998. 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, Classical Academy employed 693 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Classical Academy 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, Classical Academy generated $35.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $33.2m during the year ending 06/2022. While expenses have increased by 1.3% 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
THE CLASSICAL ACADEMY EXISTS TO ASSIST PARENTS IN THEIR MISSION TO DEVELOP EXEMPLARY CITIZENS EQUIPPED WITH ANALYTICAL THINKING SKILLS, VIRTUOUS CHARACTER, AND A PASSION FOR LEARNING, ALL BUILT UPON A SOLID FOUNDATION OF KNOWLEDGE. THIS ORGANIZATION PROVIDED EDUCATIONAL SERVICES FOR STUDENTS IN GRADES K-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARTER SCHOOL PROGRAMS-THE CLASSICAL ACADEMY IS A CHARTER SCHOOL DURING THE FISCAL YEAR. THE ORGANIZATION PROVIDED EDUCATIONAL SERVICES FOR STUDENTS IN GRADES K-12.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Sojourner President | Officer | 40 | $193,282 |
Wesley Jolly Director Of Academic Services | Officer | 40 | $130,567 |
Mark Vangampleare CFO | Officer | 40 | $122,911 |
Sean Shields High School Principal | 40 | $119,894 | |
Marta Schulz Director Of Human Resources | Officer | 40 | $122,562 |
Hugh Di Pretore Junior High Principal | 40 | $108,230 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elder Construction Inc Construction Services | 6/29/22 | $998,262 |
Trax Construction Construction Services | 6/29/22 | $425,213 |
Msj Cleaning Cleaning Services | 6/29/22 | $260,353 |
Flair Data Systems Inc It Services | 6/29/22 | $163,856 |
Haynes Mechanical Systems Hvac | 6/29/22 | $188,796 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,666,060 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,666,060 |
| Total Program Service Revenue | $31,201,972 |
| Investment income | -$330 |
| 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 | $35,936,817 |
| 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. | $899,506 |
| Compensation of current officers, directors, key employees. | $899,506 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,919,047 |
| Pension plan accruals and contributions | $3,329,791 |
| Other employee benefits | $1,722,505 |
| Payroll taxes | $244,047 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,006 |
| Fees for services: Accounting | $19,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $54,873 |
| Information technology | $556,557 |
| Royalties | $0 |
| Occupancy | $2,631,932 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,907,675 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,854,888 |
| Insurance | $289,588 |
| All other expenses | $0 |
| Total functional expenses | $33,180,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,361,569 |
| Pledges and grants receivable | $530,077 |
| Accounts receivable, net | $207,896 |
| 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 | $247,249 |
| Net Land, buildings, and equipment | $55,043,092 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,725,993 |
| Total assets | $94,115,876 |
| Accounts payable and accrued expenses | $106,321 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $44,159,170 |
| Escrow or custodial account liability | $30,834,050 |
| 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 | $20,239,300 |
| Total liabilities | $95,338,841 |
| Net assets without donor restrictions | -$1,222,965 |
| 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 | $94,115,876 |