Chavez Huerta K-12 Preparatory Academy
- Assets
- $45.3m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 194
- Location
- Pueblo, CO
- Founding
- 02/2001
- Data as of
- 06/2021
- EIN
- 84-1561105
Organization Overview
Chavez Huerta K-12 Preparatory Academy is located in Pueblo, CO. The organization was established in 2001. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Chavez Huerta K-12 Preparatory Academy employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chavez Huerta K-12 Preparatory 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, Chavez Huerta K-12 Preparatory Academy generated $14.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $14.4m during the year ending 06/2021. While expenses have increased by 11.3% 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.TO PREPARE A DIVERSE CROSS SECTION OF PUEBLO'S CHILDREN FOR SUCCESS AS YOUNG SCHOLARS, CITIZENS OF THE WORLD, AND COMMUNITY LEADERS BY PROVIDING THEM WITH AN AMBITIOUS ACADEMIC PROGRAM IN A SUPPORTIVE AND CHALLENGING LEARNING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KINDERGARTEN THROUGH 12TH GRADE PUBLIC SCHOOL, PROVIDING ALL STANDARD PROGRAMS OFFERED BY OTHER PUBLIC SCHOOLS, BENEFITING APPROXIMATELY 1,011 STUDENTS IN FISCAL YEAR 2020-2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Richard Duran CEO | Officer | 40 | $111,938 |
Jack Bay Chief Business Officer | Officer | 40 | $91,079 |
Steven Trujillo President | OfficerTrustee | 2 | $0 |
John Lopez Treasurer | OfficerTrustee | 2 | $0 |
Angela Giron Secretary | OfficerTrustee | 2 | $0 |
Cindy Ayala-Cooper Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,500 |
| Related organizations | $0 |
| Government grants | $3,435,738 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,111 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,501,349 |
| Total Program Service Revenue | $8,671,916 |
| Investment income | $8,154 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,260 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,740,819 |
| 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. | $226,203 |
| Compensation of current officers, directors, key employees. | $226,203 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,358,668 |
| Pension plan accruals and contributions | $986,983 |
| Other employee benefits | $483,655 |
| Payroll taxes | $89,689 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,337 |
| Fees for services: Accounting | $13,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,257,911 |
| Advertising and promotion | $113,363 |
| Office expenses | $129,652 |
| Information technology | $305,342 |
| Royalties | $0 |
| Occupancy | $927,709 |
| Travel | $69,780 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,377,637 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $418,417 |
| Insurance | $73,653 |
| All other expenses | $0 |
| Total functional expenses | $14,413,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $775,564 |
| Savings and temporary cash investments | $24,108,194 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,197,763 |
| 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 | $12,340,825 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,868,944 |
| Total assets | $45,291,290 |
| Accounts payable and accrued expenses | $2,930,741 |
| Grants payable | $0 |
| Deferred revenue | $19,536 |
| Tax-exempt bond liabilities | $36,179,127 |
| 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 | $19,236,906 |
| Total liabilities | $58,366,310 |
| 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 | -$13,075,020 |
| Total liabilities and net assets/fund balances | $45,291,290 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Chavez Huerta K-12 Preparatory Academy has recieved totaling $43,600.
| Awarding Organization | Amount |
|---|---|
The Colorado Health Foundation Denver, CO PURPOSE: CHAMPION HEALTH EQUITY; HEALTHY SCHOOLS | $40,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: 2020 SENIOR SCHOLARSHIP DINNER | $1,200 |
El Pomar Foundation Colorado Springs, CO PURPOSE: 2020 SENIOR SCHOLARSHIP DINNER | $1,200 |
El Pomar Foundation Colorado Springs, CO PURPOSE: 2020 SENIOR SCHOLARSHIP DINNER | $1,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Utah Charter Academies Draper, UT | $87,193,817 | $47,458,045 |
Strive Preparatory Schools Denver, CO | $16,366,153 | $54,741,372 |
Kipp Colorado Schools Denver, CO | $14,636,055 | $38,026,869 |
Legacy Traditional Schools - Nevada Inc Chandler, AZ | $98,471,077 | $39,227,732 |
Goal Academy Pueblo, CO | $51,570,908 | $48,674,529 |
Spectrum Academy North Salt Lake City, UT | $38,407,104 | $29,729,025 |
Odyssey Preparatory Academy Inc Buckeye, AZ | $75,530,982 | $28,243,391 |
Dove Schools Oklahoma City, OK | $6,243,861 | $28,048,630 |
Rocky Mountain Preparatory School Denver, CO | $30,804,994 | $31,097,127 |
Arizona Connections Academy Charter School Gilbert, AZ | $11,036,365 | $27,443,157 |
Benjamin Franklin Charter School - Queen Creek Gilbert, AZ | $74,039,747 | $26,576,099 |
Daisy Education Corporation Gilbert, AZ | $46,295,236 | $27,502,043 |