Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $53,243

• 1d · Related organizations

  $256,532

• 1f · All other contributions, gifts and grants

  $1,679,081

• 1g · Noncash contributions included above

  $116,721

• 2a · Program service revenue: TUITION AND FEES

  total $10,291,860 · related or exempt $10,291,860

• 2b · Program service revenue: ACCOUNTS RECEIVABLE INTEREST

  total $9,229 · related or exempt $9,229

• 3 · Investment income

  total $362,661 · excluded $362,661

• 6a · Gross rents

  real property $17,673 · personal property $6,000

• 6c · Rental income or loss

  real property $17,673 · personal property $6,000

• 6d · Net rental income or loss

  total $23,673 · unrelated business $6,000 · excluded $17,673

• 7a · Gross sales of assets other than inventory

  securities $2,889,320 · other assets $128,988

• 7b · Less cost or other basis and sales expenses

  securities $3,089,531

• 7c · Gain or loss

  securities -$200,211 · other assets $128,988

• 7d · Net gain or loss

  total -$71,223 · excluded -$71,223

• 8a · Fundraising events: gross income

  $62,122

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

  $53,243

• 8b · Fundraising events: direct expenses

  $46,231

• 8c · Net income from fundraising events

  total $15,891 · excluded $15,891

• 10a · Gross sales of inventory

  $55,055

• 10b · Cost of goods sold

  $41,423

• 10c · Net income from sales of inventory

  total $13,632 · related or exempt $13,632

• 11a · Other revenue: OTHER REVENUE

  total $10,409 · related or exempt $10,409

• 11e · Other revenue, total

  $10,409

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $2,311,500 · program services $2,311,500

• 5 · Compensation of officers, directors and key employees

  total $481,340 · program services $68,493 · management and general $385,450 · fundraising $27,397

• 7 · Other salaries and wages

  total $3,734,703 · program services $3,356,184 · management and general $123,863 · fundraising $254,656

• 8 · Pension plan contributions

  total $167,195 · program services $148,731 · management and general $9,328 · fundraising $9,136

• 9 · Other employee benefits

  total $1,326,222 · program services $1,147,908 · management and general $121,928 · fundraising $56,386

• 10 · Payroll taxes

  total $354,067 · program services $294,585 · management and general $36,512 · fundraising $22,970

• 11b · Fees: legal

  total $25,269 · management and general $25,269

• 11c · Fees: accounting

  total $16,833 · management and general $16,833

• 11e · Fees: professional fundraising services

  total $174,412 · fundraising $174,412

• 11f · Fees: investment management

  total $33,918 · management and general $33,918

• 11g · Fees: other

  total $160,942 · program services $146,746 · management and general $14,196

• 12 · Advertising and promotion

  total $50,494 · program services $50,494

• 13 · Office expenses

  total $64,210 · program services $16,527 · management and general $16,591 · fundraising $31,092

• 14 · Information technology

  total $120,937 · program services $108,354 · management and general $144 · fundraising $12,439

• 16 · Occupancy

  total $276,029 · program services $269,128 · management and general $5,521 · fundraising $1,380

• 17 · Travel

  total $99,973 · program services $45,061 · management and general $54,532 · fundraising $380

• 19 · Conferences, conventions and meetings

  total $19,780 · program services $18,235 · management and general $1,470 · fundraising $75

• 22 · Depreciation, depletion and amortization

  total $787,664 · program services $767,972 · management and general $15,754 · fundraising $3,938

• 23 · Insurance

  total $197,652 · program services $192,711 · management and general $3,953 · fundraising $988

• 24a · Other expenses: SUPPLIES AND MATERIALS

  total $602,400 · program services $588,720 · management and general $5,941 · fundraising $7,739

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $114,584 · program services $111,719 · management and general $2,292 · fundraising $573

• 24c · Other expenses: VEHICLE OPERATIONS

  total $70,759 · program services $68,990 · management and general $1,415 · fundraising $354

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $54,804 · program services $53,434 · management and general $1,096 · fundraising $274

• 24e · All other expenses

  total $109,747 · program services $100,659 · management and general $6,548 · fundraising $2,540

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,649,438 · end of year $1,890,185

• 2 · Savings and temporary cash investments

  beginning of year $8,975,773 · end of year $1,195,075

• 3 · Pledges and grants receivable

  beginning of year $2,337 · end of year $9,037

• 4 · Accounts receivable

  beginning of year $33,237 · end of year $12,855

• 8 · Inventories for sale or use

  beginning of year $95,246 · end of year $91,906

• 9 · Prepaid expenses and deferred charges

  beginning of year $34,684 · end of year $52,283

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

  $34,238,853

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

  $14,597,661

• 10c · Land, buildings and equipment, net

  beginning of year $19,941,794 · end of year $19,641,192

• 11 · Investments: publicly traded securities

  beginning of year $10,887,521 · end of year $23,392,937

• 15 · Other assets

  end of year $264,563

• 17 · Accounts payable and accrued expenses

  beginning of year $1,751,195 · end of year $1,977,061

• 19 · Deferred revenue

  beginning of year $3,729,152 · end of year $5,112,662

• 25 · Other liabilities

  beginning of year $16,835 · end of year $265,938

• 27 · Net assets without donor restrictions

  beginning of year $36,482,583 · end of year $38,172,246

• 28 · Net assets with donor restrictions

  beginning of year $640,265 · end of year $1,022,126

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4

JEFFREY V. LEAHY 0 18,500 0

SCHEDULE J, PART III

SCHEDULE J, PART I, LINES 1A AND 1B: HOUSING AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE SCHOOL: JEFF LEAHY, HEAD OF SCHOOL, AND JOSEPH WHITE, ASSISTANT TREASURER, WERE REQUIRED TO LIVE IN COLORADO ROCKY MOUNTAIN SCHOOL, INC. RESIDENCES. THE ESTIMATED ANNUAL RENTAL VALUE OF THE SCHOOL-PROVIDED RESIDENCES OF 48,000 IS INCLUDED IN SCHEDULE J, COLUMN D - NON-TAXABLE BENEFITS. AN INDEPENDENT REAL ESTATE APPRAISER PROVIDED THE ESTIMATED RENTAL VALUE OF THE SCHOOL- PROVIDED RESIDENCES IN 2009. THE VALUES INCREASED IN FISCAL YEAR 2021 BASED ON MANAGEMENT'S ESTIMATE. SCHEDULE J, PART I, LINE 4B: EFFECTIVE OCTOBER 1, 2008, COLORADO ROCKY MOUNTAIN SCHOOL, INC. ESTABLISHED THE COLORADO ROCKY MOUNTAIN SCHOOL 457(B) PLAN TO PROVIDE CERTAIN KEY EMPLOYEES OF THE SCHOOL WITH RETIREMENT BENEFITS IN ADDITION TO BENEFITS PROVIDED UNDER OTHER SCHOOL-SPONSORED RETIREMENT PLANS. THE PLAN IS INTENDED TO COMPLY WITH THE APPLICABLE REQUIREMENTS OF CODE SECTION 409 (A). UNTIL PAID OR MADE AVAILABLE TO THE PARTICIPANT, ALL DEFERRED AMOUNTS AND INVESTMENT EARNINGS RELATED TO THE DEFERRAL AMOUNTS ARE SOLELY THE PROPERTY AND RIGHTS OF THE SCHOOL AND ARE SUBJECT TO THE CLAIMS OF THE SCHOOL'S CREDITORS. CURRENTLY, HEAD OF SCHOOL JEFF LEAHY IS THE ONLY EMPLOYEE PARTICIPATING IN THE PLAN. CRMS CONTRIBUTED 18,500 TO THIS PLAN FOR THE YEAR ENDED JUNE 30, 2023, IN ADDITION TO CONTRIBUTIONS MADE BY THE EMPLOYEE.