Totals
- Total revenue
- $250,320
- Total expenses
- $1,080,582
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $250,320
- Other revenue
- $0
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- $991,296
- Management and general expenses
- $77,064
- Fundraising expenses
- $12,222
- Program service expenses (Part III)
- $991,296
Program services were 91.7% 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.
-
3 · Investment income
total $250,360 · excluded $250,360
-
7b · Less cost or other basis and sales expenses
securities $40
-
7c · Gain or loss
securities -$40
-
7d · Net gain or loss
total -$40 · excluded -$40
Functional expenses
Part IX, the statement of functional expenses.
-
11f · Fees: investment management
total $17,758 · management and general $17,758
-
22 · Depreciation, depletion and amortization
total $1,062,824 · program services $991,296 · management and general $59,306 · fundraising $12,222
Balance sheet
Part X, book values.
-
10c · Land, buildings and equipment, net
beginning of year $8,426,219
-
11 · Investments: publicly traded securities
beginning of year $8,963,817
-
27 · Net assets without donor restrictions
beginning of year $17,390,036
Mission and programs · 2024
Mission
TO MANAGE AND INVEST FUNDS AND REAL ESTATE HOLDINGS FOR THE BENEFIT OF ASPEN PREP ACADEMY.
-
MANAGING AND INVESTING FUNDS AND REAL ESTATE HOLDINGS FOR THE BENEFIT OF ASPEN PREP ACADEMY. AAIF WAS DISSOLVED AS OF JUNE 30, 2025, AND ALL ASSETS WERE TRANSFERRED TO ASPEN PREP ACADEMY AS OF THAT DATE.
Expenses $991,296
As filed on the 2024 return.
Listed in Part VII
-
Kristina ScalaKRISTINA SCALA
HEAD OF SCHO
- Total calculated
- $573,796
- From this org
- $0
- From related orgs
- $502,335
- Other
- $71,461
- Hours/week
- 5 + 60 related
Schedule J breakdown matched by us
- Base
- not reported + $432,659 related
- Bonus
- not reported + $69,676 related
- Other
- not reported
- Deferred
- not reported + $61,390 related
- Nontaxable benefits
- not reported + $10,071 related
- Filer's total
- not reported + $573,796 related
-
Lori TaylorLORI TAYLOR
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 5 related
-
Corinne LengsfeldCORINNE LENGSFELD
GOV/TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Denis Patrick GibbsDENIS PATRICK GIBBS
FINANCE/AUDI
- Total calculated
- $0
- Hours/week
- 3 + 2 related
-
Brian MeeganBRIAN MEEGAN
COMPENSATION
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Mike KeoughMIKE KEOUGH
RISING INVES
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
James ParkJAMES PARK
ADVANCEMENT
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Victoria BoughVICTORIA BOUGH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Christina GoodCHRISTINA GOOD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Arjun SenARJUN SEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Tim TaylorTIM TAYLOR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Lorena Torres-OstosLORENA TORRES-OSTOS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Dr Emilio ArguelloDR EMILIO ARGUELLO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Josh HascallJOSH HASCALL
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
- 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 46,225 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.
-
501C3 · EDUCATION · CO
Directly controlled by NA
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
$10,263,163
Liquidation · INVESTMENTS · Jun 30, 2025 · 501(C)(3)
-
$7,923,106
Liquidation · FIXED ASSETS · Jun 30, 2025 · 501(C)(3)
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 4 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202503179349304150
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