Totals
- Total revenue
- $4,399,236
- Total expenses
- $5,781,676
- Contributions and grants received
- $939,968
- Grants paid
- $0
- Program service revenue
- $3,435,816
- Investment income
- $7,524
- Other revenue
- $15,928
- Total assets, end of year
- $4,326,463
- Total liabilities, end of year
- $5,577,715
- Net assets or fund balances, end of year
- -$1,251,252
- Program services expenses (Part IX)
- $5,096,203
- Management and general expenses
- $685,473
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,096,203
Program services were 88.1% 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
$16,331
-
1e · Government grants (contributions)
$535,365
-
1f · All other contributions, gifts and grants
$388,272
-
2a · Program service revenue: Per Pupil Revenue
total $2,723,791 · related or exempt $2,723,791
-
2b · Program service revenue: City Sales Tax
total $384,284 · related or exempt $384,284
-
2c · Program service revenue: Mill Levy Override
total $165,529 · related or exempt $165,529
-
2d · Program service revenue: Charges for Services
total $162,212 · related or exempt $162,212
-
3 · Investment income
total $24 · excluded $24
-
7a · Gross sales of assets other than inventory
other assets $7,500
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $7,500
-
7d · Net gain or loss
total $7,500 · related or exempt $7,500
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$16,331
-
8b · Fundraising events: direct expenses
$1,000
-
8c · Net income from fundraising events
total -$1,000 · excluded -$1,000
-
11a · Other revenue: Miscellaneous Revenue
total $16,928 · related or exempt $16,928
-
11e · Other revenue, total
$16,928
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $84,331 · program services $71,681 · management and general $12,650
-
7 · Other salaries and wages
total $2,002,786 · program services $1,802,507 · management and general $200,279
-
8 · Pension plan contributions
total $1,349,962 · program services $1,212,239 · management and general $137,723
-
9 · Other employee benefits
total $235,995 · program services $211,919 · management and general $24,076
-
10 · Payroll taxes
total $43,986 · program services $39,499 · management and general $4,487
-
11b · Fees: legal
total $300 · management and general $300
-
11c · Fees: accounting
total $35,049 · management and general $35,049
-
12 · Advertising and promotion
total $6,156 · program services $5,233 · management and general $923
-
16 · Occupancy
total $39,703 · program services $33,748 · management and general $5,955
-
17 · Travel
total $5,915 · program services $5,028 · management and general $887
-
20 · Interest
total $48,542 · program services $41,261 · management and general $7,281
-
22 · Depreciation, depletion and amortization
total $634,351 · program services $539,198 · management and general $95,153
-
23 · Insurance
total $9,172 · program services $7,796 · management and general $1,376
-
24a · Other expenses: Purchased Services
total $425,640 · program services $361,794 · management and general $63,846
-
24b · Other expenses: Educational Services
total $371,217 · program services $315,534 · management and general $55,683
-
24c · Other expenses: Instructional Supplies
total $223,205 · program services $223,205
-
24d · Other expenses: Tuition
total $99,445 · program services $84,528 · management and general $14,917
-
24e · All other expenses
total $165,921 · program services $141,033 · management and general $24,888
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $478,329 · end of year $516,059
-
3 · Pledges and grants receivable
beginning of year $80,501 · end of year $313,979
-
4 · Accounts receivable
end of year $457
-
9 · Prepaid expenses and deferred charges
beginning of year $6,687 · end of year $19,080
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $634,351 · end of year $0
-
15 · Other assets
beginning of year $11,458 · end of year $3,476,888
-
17 · Accounts payable and accrued expenses
beginning of year $192,710 · end of year $432,799
-
24 · Unsecured notes and loans payable
beginning of year $804,765 · end of year $519,263
-
25 · Other liabilities
beginning of year $0 · end of year $4,625,653
-
27 · Net assets without donor restrictions
beginning of year $150,851 · end of year -$1,361,252
-
28 · Net assets with donor restrictions
beginning of year $63,000 · end of year $110,000
Mission and programs · 2022
Mission
Merit Academy will cultivate the minds and nurture the hearts of K-12 youth in the Ute Pass/Woodland Park region with instruction in the principles of moral character and civic virtue, employing honored foundations of classical education and Core Knowledge.
-
Merit Academy will cultivate the minds and nurture the hearts of K-12 youth in the Ute Pass/Woodland Park region with instruction in the principles of moral character and civic virtue, employing honored foundations of classical education and Core Knowledge.
Expenses $5,096,203 · Revenue $3,460,244
As filed on the 2022 return.
Listed in Part VII
-
Nicole Waggoner
Board President
- Total calculated
- $0
- Hours/week
- 2
-
Jason Ledlie
Board Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Mary Sekowski
Board Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
John Dill
Board Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Gwynne Pekron
Headmaster
- Total calculated
- $84,330
- From this org
- $62,623
- From related orgs
- $0
- Other
- $21,707
- Hours/week
- 60
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 29 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440909349300404
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.