Platte River Academy
- Assets
- $10.7m
- Revenue
- $8.0m
- Investments
- $519.0k
- Employees
- 120
- Location
- Littleton, CO
- Founding
- 07/1999
- Data as of
- 06/2021
- 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 06/2021, Platte River Academy employed 120 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 06/2021, Platte River Academy generated $8.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $6.1m during the year ending 06/2021. While expenses have increased by 5.2% 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
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 508 STUDENTS.
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 |
|---|---|---|---|
Becky Bonner Director Of Academics | Officer | 40 | $112,150 |
Alan Mcqueen Director Of Operations | Officer | 40 | $112,150 |
Scott Kimball Vice President | OfficerTrustee | 2 | $0 |
Vince Parker Treasurer | OfficerTrustee | 2 | $0 |
Gwen Benevento President | OfficerTrustee | 2 | $0 |
Scott Craig Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $997,633 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,901 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,003,534 |
| Total Program Service Revenue | $4,887,140 |
| Investment income | $30,784 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,494 |
| 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 | $7,959,641 |
| 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. | $282,175 |
| Compensation of current officers, directors, key employees. | $282,175 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,957,510 |
| Pension plan accruals and contributions | $560,346 |
| Other employee benefits | $217,690 |
| Payroll taxes | $46,399 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $570 |
| Fees for services: Accounting | $4,069 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,246 |
| Office expenses | $70,102 |
| Information technology | $189,418 |
| Royalties | $0 |
| Occupancy | $276,301 |
| Travel | $4,379 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $291,311 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $123,753 |
| Insurance | $0 |
| All other expenses | $11,583 |
| Total functional expenses | $6,103,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,791 |
| Savings and temporary cash investments | $2,553,443 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $179,066 |
| 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 | $3,795,742 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $518,999 |
| Investments—program-related | $0 |
| Intangible assets | $792,750 |
| Other assets | $2,776,605 |
| Total assets | $10,666,396 |
| Accounts payable and accrued expenses | $466,528 |
| Grants payable | $0 |
| Deferred revenue | $4,680 |
| Tax-exempt bond liabilities | $5,714,428 |
| 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 | $12,053,256 |
| Total liabilities | $18,238,892 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $671,407 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,679,268 |
| Retained earnings, endowment, accumulated income, or other funds | -$9,923,171 |
| Total liabilities and net assets/fund balances | $10,666,396 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Platte River Academy has recieved totaling $11,540.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,770 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,770 |
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 |