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Nonprofiteer
← ASPEN PREP ACADEMY

Form 990 for tax year 2022

Filed by ASPEN PREP ACADEMY.

Totals

Total revenue
$13,097,532
Total expenses
$9,651,082
Contributions and grants received
$2,486,584
Grants paid
$319,434
Program service revenue
$10,496,007
Investment income
$114,941
Other revenue
$0
Total assets, end of year
$9,703,665
Total liabilities, end of year
$7,956,509
Net assets or fund balances, end of year
$1,747,156
Program services expenses (Part IX)
$8,489,227
Management and general expenses
$963,313
Fundraising expenses
$198,542
Program service expenses (Part III)
$8,489,227

Program services were 88.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $276,422

  • 1e · Government grants (contributions)

    $1,160,338

  • 1f · All other contributions, gifts and grants

    $1,049,824

  • 2a · Program service revenue: TUITION

    total $10,233,981 · related or exempt $10,233,981

  • 2b · Program service revenue: EXTRACURRICULAR

    total $165,549 · related or exempt $165,549

  • 2c · Program service revenue: PARENT CIVIC ORGANIZATION

    total $49,700 · related or exempt $49,700

  • 2d · Program service revenue: BEAR'S STUDENT ENTERPRISE

    total $46,777 · related or exempt $46,777

  • 3 · Investment income

    total $114,941 · excluded $114,941

  • 8a · Fundraising events: gross income

    $80,828

  • 8a · Fundraising events: contributions included on line 1c

    $276,422

  • 8b · Fundraising events: direct expenses

    $80,828

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $319,434 · program services $319,434

  • 5 · Compensation of officers, directors and key employees

    total $806,565 · program services $507,767 · management and general $285,800 · fundraising $12,998

  • 7 · Other salaries and wages

    total $4,866,131 · program services $4,493,779 · management and general $277,167 · fundraising $95,185

  • 8 · Pension plan contributions

    total $159,031 · program services $149,011 · management and general $6,839 · fundraising $3,181

  • 9 · Other employee benefits

    total $492,485 · program services $426,147 · management and general $54,196 · fundraising $12,142

  • 10 · Payroll taxes

    total $415,064 · program services $367,082 · management and general $40,054 · fundraising $7,928

  • 11b · Fees: legal

    total $29,469 · management and general $29,469

  • 11c · Fees: accounting

    total $109,223 · program services $3,204 · management and general $105,950 · fundraising $69

  • 11g · Fees: other

    total $31,977 · program services $25,049 · management and general $6,422 · fundraising $506

  • 12 · Advertising and promotion

    total $53,764 · program services $12,903 · management and general $40,323 · fundraising $538

  • 13 · Office expenses

    total $117,818 · program services $76,107 · management and general $23,226 · fundraising $18,485

  • 14 · Information technology

    total $162,186 · program services $151,628 · management and general $9,196 · fundraising $1,362

  • 16 · Occupancy

    total $568,063 · program services $561,597 · management and general $5,632 · fundraising $834

  • 19 · Conferences, conventions and meetings

    total $7,029 · program services $6,217 · management and general $678 · fundraising $134

  • 20 · Interest

    total $58,895 · program services $58,895

  • 22 · Depreciation, depletion and amortization

    total $267,456 · program services $250,044 · management and general $15,165 · fundraising $2,247

  • 23 · Insurance

    total $122,230 · program services $112,011 · management and general $8,713 · fundraising $1,506

  • 24a · Other expenses: CURRICULUM AND SUPPLIES

    total $406,508 · program services $405,727 · management and general $781

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $372,966 · program services $348,686 · management and general $21,147 · fundraising $3,133

  • 24c · Other expenses: PROFESSIONAL DEVELOPMENT

    total $197,155 · program services $168,154 · management and general $22,574 · fundraising $6,427

  • 24d · Other expenses: STUDENT STORE - COGS

    total $31,907 · program services $31,907

  • 24e · All other expenses

    total $55,726 · program services $13,878 · management and general $9,981 · fundraising $31,867

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $7,033,101 · end of year $8,219,187

  • 3 · Pledges and grants receivable

    beginning of year $26,566 · end of year $165,636

  • 4 · Accounts receivable

    beginning of year $2,614 · end of year $24,178

  • 9 · Prepaid expenses and deferred charges

    beginning of year $218,765 · end of year $215,862

  • 10a · Land, buildings and equipment: cost or other basis

    $2,896,866

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,168,330

  • 10c · Land, buildings and equipment, net

    beginning of year $968,724 · end of year $728,536

  • 12 · Investments: other securities

    beginning of year $810,667 · end of year $350,266

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,370,926 · end of year $1,262,297

  • 19 · Deferred revenue

    beginning of year $3,919,015 · end of year $4,500,131

  • 23 · Secured mortgages and notes payable

    beginning of year $1,850,000 · end of year $1,843,815

  • 25 · Other liabilities

    beginning of year $810,667 · end of year $350,266

  • 27 · Net assets without donor restrictions

    beginning of year $695,313 · end of year $1,238,367

  • 28 · Net assets with donor restrictions

    beginning of year $414,516 · end of year $508,789

Mission and programs · 2022

Mission

WE EDIFY AND INSPIRE STUDENTS AND EDUCATORS TO GROW, LEARN AND LEAD.

Activities or mission (Part I)

TO EDIFY AND INSPIRE STUDENTS AND EDUCATORS TO GROW, LEARN AND LEAD.

  • ASPEN ACADEMY IS AN INDEPENDENT SCHOOL SERVING APPROXIMATELY 400 STUDENTS FROM PREK THROUGH 8TH GRADE. WE EDIFY AND INSPIRE STUDENTS, PARENTS AND EDUCATORS TO GROW, LEARN AND LEAD. WE ARE A NATIONAL LEADER IN INNOVATIVE AND TRANSFORMATIVE EDUCATION. ASPEN ACADEMY'S STUDENTS AND COMMUNITY MEMBERS HOLD THE SAME VALUES: BE KIND, DO GOOD, WORK HARD AND MAKE THE WORLD BETTER.

    Expenses $8,489,227 · Grants $319,434 · Revenue $10,496,007

As filed on the 2022 return.

Listed in Part VII

  • Kristina Scala

    HEAD OF SCHO

    Total calculated
    $984,745
    From this org
    $938,582
    From related orgs
    $0
    Other
    $46,163
    Hours/week
    60 + 5 related

    Schedule J breakdown matched by us

    Base
    $938,582
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,500
    Nontaxable benefits
    $25,663
    Filer's total
    $984,745

  • Lynda Sailor

    CO-FOUNDER/B

    Total calculated
    $278,280
    From this org
    $237,088
    From related orgs
    $0
    Other
    $41,192
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $237,088
    Bonus
    not reported
    Other
    not reported
    Deferred
    $32,560
    Nontaxable benefits
    $8,632
    Filer's total
    $278,280

  • Lori Taylor

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5 + 0.5 related

  • Corinne Lengsfeld

    GOV/TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Denis Patrick Gibbs

    FINANCE/AUDI

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Suzanne Goodspeed

    ADVANCEMENT

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Brian Meegan

    COMPENSATION

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Darrell Watters

    INVESTMENT C

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Victoria Bough

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Christina Good

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Wayne Guerra

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Lew King

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Arjun Sen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Tim Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Brad Tucker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • James Park

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4
KRISTINA SCALA 0 20,500 0 LYNDA SAILOR 0 20,500 0

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
3 December 2023
IRS schema version
2022v5.0
Source object
202333389349300218

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