Flatirons Academy
- Assets
- $25.2m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 124
- Location
- Westminster, CO
- Founding
- 05/1999
- Data as of
- 05/2023
- EIN
- 84-1463519
Organization Overview
Flatirons Academy is located in Westminster, CO. The organization was established in 1999. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 05/2023, Flatirons Academy employed 124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flatirons 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 05/2023, Flatirons Academy generated $12.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $9.2m during the year ending 05/2023. 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
EDUCATE STUDENTS FROM KINDERGARTEN THROUGH HIGH SCHOOL IN A GENUINE FAITH ENVIRONMENT THROUGH ACADEMICS, ATHLETICS AND ARTS IN A FORMAL CLASSROOM SITTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE STUDENTS FROM KINDERGARTEN THROUGH HIGH SCHOOL IN A GENUINE FAITH ENVIRONMENT THROUGH ACADEMICS, ATHLETICS AND ARTS IN A FORMAL CLASSROOM SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blythe Baca Director | OfficerTrustee | 4 | $0 |
Diana Durrill Secretary | OfficerTrustee | 4 | $16,740 |
Eric Rakers Director | Trustee | 4 | $1,750 |
Michael Koehn Director | Trustee | 4 | $0 |
Larry Zimbelman President | OfficerTrustee | 40 | $107,877 |
Karl Romeus Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,933,122 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,933,122 |
| Total Program Service Revenue | $4,016,995 |
| Investment income | $16,330 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,200 |
| Net Income from Fundraising Events | $137,102 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,134,021 |
| 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. | $225,155 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,404,737 |
| Pension plan accruals and contributions | $36,574 |
| Other employee benefits | $137,882 |
| Payroll taxes | $206,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,735 |
| 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 | $0 |
| Information technology | $25,095 |
| Royalties | $0 |
| Occupancy | $287,381 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $397,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $653,665 |
| Insurance | $43,499 |
| All other expenses | $318,106 |
| Total functional expenses | $9,210,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,137,007 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,001 |
| 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 | $23,098,903 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,248,911 |
| Accounts payable and accrued expenses | $491,595 |
| Grants payable | $0 |
| 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 | $8,264,553 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $445,256 |
| Total liabilities | $9,201,404 |
| Net assets without donor restrictions | $0 |
| 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 | $16,047,507 |
| Total liabilities and net assets/fund balances | $25,248,911 |