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← COLORADO EARLY COLLEGES

Form 990 for tax year 2023

Filed by COLORADO EARLY COLLEGES.

Totals

Total revenue
$75,803,009
Total expenses
$76,963,416
Contributions and grants received
$8,417,188
Grants paid
$0
Program service revenue
$63,645,567
Investment income
$1,248,661
Other revenue
$2,491,593
Total assets, end of year
$165,371,513
Total liabilities, end of year
$208,730,185
Net assets or fund balances, end of year
-$43,358,672
Program services expenses (Part IX)
$32,036,284
Management and general expenses
$44,927,132
Fundraising expenses
$0
Program service expenses (Part III)
$32,036,284

Program services were 41.6% 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.

  • 1e · Government grants (contributions)

    $7,859,458

  • 1f · All other contributions, gifts and grants

    $557,730

  • 2a · Program service revenue: PER PUPIL REVENUE

    total $53,665,608 · related or exempt $53,665,608

  • 2b · Program service revenue: MILL LEVY OVERRIDE

    total $6,963,257 · related or exempt $6,963,257

  • 2c · Program service revenue: TUITION AND FEES

    total $2,640,529 · related or exempt $2,640,529

  • 2d · Program service revenue: STUDENT ACTIVITIES

    total $360,982 · related or exempt $360,982

  • 2e · Program service revenue: FOOD SERVICE

    total $15,191 · related or exempt $15,191

  • 3 · Investment income

    total $1,248,661 · related or exempt $1,248,661

  • 6a · Gross rents

    real property $2,028,684

  • 6c · Rental income or loss

    real property $2,028,684

  • 6d · Net rental income or loss

    total $2,028,684 · related or exempt $2,028,684

  • 11a · Other revenue: MISCELLANEOUS

    total $462,909 · related or exempt $462,909

  • 11e · Other revenue, total

    $462,909

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $25,011,474 · program services $11,417,037 · management and general $13,594,437

  • 8 · Pension plan contributions

    total $9,981,234 · program services $4,604,643 · management and general $5,376,591

  • 9 · Other employee benefits

    total $2,132,664 · program services $1,015,796 · management and general $1,116,868

  • 10 · Payroll taxes

    total $68,495 · program services $25,030 · management and general $43,465

  • 11b · Fees: legal

    total $357,615 · management and general $357,615

  • 11c · Fees: accounting

    total $43,500 · management and general $43,500

  • 12 · Advertising and promotion

    total $146,188 · management and general $146,188

  • 13 · Office expenses

    total $539,922 · management and general $539,922

  • 16 · Occupancy

    total $4,197,729 · management and general $4,197,729

  • 17 · Travel

    total $123,512 · program services $3,691 · management and general $119,821

  • 19 · Conferences, conventions and meetings

    total $2,787 · management and general $2,787

  • 20 · Interest

    total $7,557,116 · management and general $7,557,116

  • 22 · Depreciation, depletion and amortization

    total $5,618,285 · management and general $5,618,285

  • 23 · Insurance

    total $555,641 · program services $103,293 · management and general $452,348

  • 24a · Other expenses: PROF SERVICES

    total $15,427,113 · program services $13,546,906 · management and general $1,880,207

  • 24b · Other expenses: CSI ADMIN

    total $889,706 · management and general $889,706

  • 24c · Other expenses: LOSS ON DISPOSAL OF ASSET

    total $791,572 · management and general $791,572

  • 24d · Other expenses: FOOD SERVICE AND SUPPLIES

    total $762,914 · program services $94 · management and general $762,820

  • 24e · All other expenses

    total $2,755,949 · program services $1,319,794 · management and general $1,436,155

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,156,299 · end of year $20,281,568

  • 4 · Accounts receivable

    beginning of year $2,796,442 · end of year $3,094,009

  • 9 · Prepaid expenses and deferred charges

    beginning of year $263,302 · end of year $1,176

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

    $126,725,119

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

    $27,840,236

  • 10c · Land, buildings and equipment, net

    beginning of year $106,230,360 · end of year $98,884,883

  • 15 · Other assets

    beginning of year $31,222,027 · end of year $43,109,877

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,492,281 · end of year $1,162,534

  • 19 · Deferred revenue

    end of year $1,042,946

  • 20 · Tax-exempt bond liabilities

    beginning of year $136,650,000 · end of year $135,560,000

  • 24 · Unsecured notes and loans payable

    beginning of year $359,977 · end of year $430,736

  • 25 · Other liabilities

    beginning of year $56,364,437 · end of year $70,533,969

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$42,198,265 · end of year -$43,358,672

Mission and programs · 2023

Mission

EVERY STUDENT, REGARDLESS OF BACKGROUND OR SKILL LEVEL, WILL ACHIEVE MASTERY AND WILL DEMONSTRATE THAT THEY CAN SUCCEED IN HIGH SCHOOL, IN COLLEGE, AND IN THEIR CHOSEN CAREER. NO EXCEPTONS, NO EXCUSES.

  • A CHARTER HIGH SCHOOL THAT EMPHASIZES PERSONAL ACHIEVEMENT ALONG A PATH TOWARD SUCCESS IN COLLEGE.

    Expenses $32,036,284

As filed on the 2023 return.

Listed in Part VII

  • Sandra Brown

    EXECUTIVE AD

    Total calculated
    $200,000
    From this org
    $200,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $200,000

  • Stephanie Gonzales

    ED HR

    Total calculated
    $135,061
    From this org
    $135,061
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Cameron Mascoll

    CFO

    Total calculated
    $135,061
    From this org
    $135,061
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Hannah Reese

    HOS AURORA

    Total calculated
    $120,200
    From this org
    $120,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mark Murbach

    ED OF FACILI

    Total calculated
    $120,000
    From this org
    $120,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Keshia Medellin

    HOS AURORA

    Total calculated
    $118,400
    From this org
    $118,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Fesehaye Abrhaley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Laura Calhoun

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Art Cyphers

    VICE PRES BC

    Total calculated
    $0
    Hours/week
    2

  • Dan Edwards

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dr Roger Lamarca

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Lovell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jessie Mathis

    PRESIDENT BC

    Total calculated
    $0
    Hours/week
    2

  • Terry McDonald

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Larry Mohr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
2 December 2024
IRS schema version
2023v5.0
Source object
202443379349300909

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