Platte River Academy
- Assets
- $10.0m
- Revenue
- $6.8m
- Investments
- $536.8k
- Employees
- 8
- Location
- Littleton, CO
- Founding
- 07/1999
- Data as of
- 06/2023
- EIN
- 84-1411991
Organization Overview
Platte River Academy is located in Littleton, CO. The organization was established in 1999. 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 06/2023, Platte River Academy employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Platte River 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 06/2023, Platte River Academy generated $6.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $6.3m during the year ending 06/2023. While expenses have increased by 4.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.PROVIDE A CONTENT-RICH ACADEMICALLY RIGOROUS EDUCATION FOR GRADES K-8, WITH A WELL-DEFINED SEQUENTIAL CURRICULUM IN A SAFE, ORDERLY AND CARING ENVIROMENT. THE MAJOR FOCUS IS TO TEACH AND ENSURE MASTERY OF ED HIRSCH'S CORE KNOWLEDGE CURRICULUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A CONTENT-RICH ACADEMICALLY RIGOROUS EDUCATION FOR GRADES K-8, WITH A WELL-DEFINED SEQUENTIAL CURRICULUM IN A SAFE, ORDERLY AND CARING ENVIROMENT. THE MAJOR FOCUS IS TO TEACH AND ENSURE MASTERY OF ED HIRSCH'S CORE KNOWLEDGE CURRICULUM TO APPROXIMATELY 523 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marissa Buzan President | OfficerTrustee | 2 | $0 |
Scott Craig Vice President | OfficerTrustee | 2 | $0 |
Erik Neperud Secretary | OfficerTrustee | 2 | $0 |
Vincent Parker Treasurer | OfficerTrustee | 2 | $0 |
Kyle Smith Member | Trustee | 2 | $0 |
Jessica Wasko Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $460,564 |
| All other contributions, gifts, grants, and similar amounts not included above | $98,863 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $559,427 |
| Total Program Service Revenue | $5,954,520 |
| Investment income | $58,726 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,805 |
| 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 | $6,782,972 |
| 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. | $295,927 |
| Compensation of current officers, directors, key employees. | $295,927 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,091,945 |
| Pension plan accruals and contributions | $625,786 |
| Other employee benefits | $220,077 |
| Payroll taxes | $55,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $421 |
| Fees for services: Accounting | $4,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $471,463 |
| Advertising and promotion | $4,333 |
| Office expenses | $53,157 |
| Information technology | $163,397 |
| Royalties | $0 |
| Occupancy | $87,382 |
| Travel | $5,174 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $284,910 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $153,108 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,290,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,430 |
| Savings and temporary cash investments | $2,421,996 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,963 |
| 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 | $4,261,628 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $536,813 |
| Investments—program-related | $0 |
| Intangible assets | $667,580 |
| Other assets | $1,837,518 |
| Total assets | $9,998,928 |
| Accounts payable and accrued expenses | $467,792 |
| Grants payable | $0 |
| Deferred revenue | $7,925 |
| Tax-exempt bond liabilities | $5,406,678 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $127,332 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,962,598 |
| Total liabilities | $14,972,325 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$4,368,595 |
| Paid-in or capital surplus, or land, building, or equipment fund | -$604,802 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,998,928 |