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Nonprofiteer
← KENT DENVER COUNTRY DAY SCHOOL

Form 990 for tax year 2023

Filed by KENT DENVER COUNTRY DAY SCHOOL.

Totals

Total revenue
$39,165,226
Total expenses
$37,745,815
Contributions and grants received
$7,141,117
Grants paid
$4,439,295
Program service revenue
$30,653,541
Investment income
$1,080,537
Other revenue
$290,031
Total assets, end of year
$148,320,014
Total liabilities, end of year
$27,644,203
Net assets or fund balances, end of year
$120,675,811
Program services expenses (Part IX)
$29,444,197
Management and general expenses
$6,461,004
Fundraising expenses
$1,840,614
Program service expenses (Part III)
$29,444,197

Program services were 78.0% 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

    $744,218

  • 1e · Government grants (contributions)

    $2,215,118

  • 1f · All other contributions, gifts and grants

    $4,181,781

  • 1g · Noncash contributions included above

    $244,013

  • 2a · Program service revenue: TUITION REVENUE

    total $28,349,560 · related or exempt $28,349,560

  • 2b · Program service revenue: SUMMER SCHOOL REVENUE

    total $1,377,977 · related or exempt $1,377,977

  • 2c · Program service revenue: ACTIVITY FEES

    total $879,507 · related or exempt $879,507

  • 2f · All other program service revenue

    total $46,497 · related or exempt $46,497

  • 3 · Investment income

    total $1,180,537 · unrelated business $105,822 · excluded $1,074,715

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

    other assets $100,000

  • 7c · Gain or loss

    other assets -$100,000

  • 7d · Net gain or loss

    total -$100,000 · excluded -$100,000

  • 8a · Fundraising events: gross income

    $404,343

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

    $744,218

  • 8b · Fundraising events: direct expenses

    $114,312

  • 8c · Net income from fundraising events

    total $290,031 · excluded $290,031

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $4,439,295 · program services $4,439,295

  • 5 · Compensation of officers, directors and key employees

    total $967,179 · program services $96,718 · management and general $635,858 · fundraising $234,603

  • 7 · Other salaries and wages

    total $13,669,224 · program services $10,552,714 · management and general $2,675,241 · fundraising $441,269

  • 8 · Pension plan contributions

    total $907,007 · program services $726,425 · management and general $151,550 · fundraising $29,032

  • 9 · Other employee benefits

    total $3,954,635 · program services $3,149,363 · management and general $673,147 · fundraising $132,125

  • 10 · Payroll taxes

    total $1,113,229 · program services $817,173 · management and general $246,224 · fundraising $49,832

  • 11f · Fees: investment management

    total $33,790 · management and general $33,790

  • 11g · Fees: other

    total $141,392 · management and general $139,170 · fundraising $2,222

  • 12 · Advertising and promotion

    total $153,684 · management and general $101,309 · fundraising $52,375

  • 13 · Office expenses

    total $988,479 · program services $38,761 · management and general $344,230 · fundraising $605,488

  • 14 · Information technology

    total $324,559 · management and general $324,559

  • 16 · Occupancy

    total $3,533,541 · program services $3,211,672 · management and general $226,359 · fundraising $95,510

  • 20 · Interest

    total $636,620 · management and general $636,620

  • 22 · Depreciation, depletion and amortization

    total $2,214,926 · program services $1,998,245 · management and general $158,241 · fundraising $58,440

  • 23 · Insurance

    total $374,752 · program services $338,289 · management and general $26,570 · fundraising $9,893

  • 24a · Other expenses: INSTRUCTIONAL & EDUCATI

    total $3,960,605 · program services $3,908,254 · management and general $52,351

  • 24b · Other expenses: PROFESSIONAL DEVELOPMEN

    total $209,750 · program services $167,288 · management and general $35,785 · fundraising $6,677

  • 24c · Other expenses: PARENT-TEACHER ASSOC. E

    total $76,147 · fundraising $76,147

  • 24d · Other expenses: BAD DEBT & CREDIT LOSSE

    total $47,001 · fundraising $47,001

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $9,026,087 · end of year $9,122,967

  • 3 · Pledges and grants receivable

    beginning of year $1,721,604 · end of year $1,523,713

  • 4 · Accounts receivable

    beginning of year $53,303 · end of year $72,879

  • 8 · Inventories for sale or use

    beginning of year $12,642 · end of year $11,918

  • 9 · Prepaid expenses and deferred charges

    beginning of year $358,001 · end of year $123,041

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

    $90,946,239

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

    $30,417,313

  • 10c · Land, buildings and equipment, net

    beginning of year $59,738,360 · end of year $60,528,926

  • 11 · Investments: publicly traded securities

    beginning of year $15,238,256 · end of year $15,331,051

  • 12 · Investments: other securities

    beginning of year $53,214,955 · end of year $58,580,814

  • 15 · Other assets

    beginning of year $698,853 · end of year $3,024,705

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,492,969 · end of year $1,573,134

  • 19 · Deferred revenue

    beginning of year $8,416,279 · end of year $8,815,072

  • 20 · Tax-exempt bond liabilities

    beginning of year $16,885,000 · end of year $16,431,872

  • 25 · Other liabilities

    beginning of year $698,853 · end of year $824,125

  • 27 · Net assets without donor restrictions

    beginning of year $65,876,715 · end of year $69,745,222

  • 28 · Net assets with donor restrictions

    beginning of year $46,692,245 · end of year $50,930,589

Mission and programs · 2023

Mission

EXCELLENCE IN SCHOLARSHIP AND CHARACTER IS THE GOAL OF A KENT DENVER EDUCATION. THE SCHOOL SEEKS TO BUILD A CARING, DIVERSE COMMUNITY OF RESPONSIBLE CITIZENS. TO THAT END, THE SCHOOL PROVIDES A CHALLENGING COLLEGE PREPARATORY CURRICULUM AND SETS HIGH ETHICAL STANDARDS.

Activities or mission (Part I)

EXCELLENCE IN SCHOLARSHIP AND CHARACTER IS THE GOAL OF A KENT DENVER EDUCATION.

  • KENT DENVER SCHOOL (THE SCHOOL) IS AN INDEPENDENT SCHOOL FOR GRADES SIX THROUGH TWELVE, LOCATED IN CHERRY HILLS VILLAGE, COLORADO. THE MISSION OF THE SCHOOL IS TO TRANSFORM LIVES OF STUDENTS AND COMMUNITY THROUGH EXTRAORDINARY EDUCATIONAL EXPERIENCES. THE SCHOOL'S OBJECTIVE IS TO WORK WITH FAMILIES TO ENCOURAGE INTELLECTUAL CURIOSITY, INDEPENDENT THINKING, AND MORAL DEVELOPMENT IN STUDENTS, AND TO ESTABLISH A FOUNDATION FOR LEARNING IN COLLEGE AND THROUGHOUT LIFE. THE SCHOOL PROVIDES EDUCATIONAL INSTRUCTION TO APPROXIMATELY 750 STUDENTS, AND FUNDS ITS OPERATIONS PRIMARILY FROM TUITION, FEES, AND SPENDING-RATE DISTRIBUTIONS.THE SCHOOL ALSO CONDUCTS THE BREAKTHROUGH PROGRAM (THE PROGRAM) THROUGH WHICH IT OFFERS A RIGOROUS ACADEMIC CURRICULUM FOR MOTIVATED DENVER PUBLIC SCHOOL STUDENTS AT NO COST TO THE STUDENTS OR THEIR FAMILIES. APPROXIMATELY 210 MIDDLE SCHOOL STUDENTS, PRIMARILY FROM LOW-INCOME FAMILIES, PARTICIPATE IN THE SIX-WEEK PROGRAM, WHICH IS TAUGHT BY HIGH SCHOOL AND COLLEGE STUDENTS. A MENTORSHIP PROGRAM CONTINUES THROUGH THE ACADEMIC YEAR, DURING WHICH HIGH SCHOOL TUTORS MEET WEEKLY WITH THE PROGRAM STUDENTS.

    Expenses $29,444,197 · Grants $4,439,295 · Revenue $30,653,541

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Braemer

    HEAD OF SCHOOL

    Total calculated
    $646,391
    From this org
    $527,981
    From related orgs
    $0
    Other
    $118,410
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $498,810
    Bonus
    $22,500
    Other
    $6,671
    Deferred
    $16,500
    Nontaxable benefits
    $102,432
    Filer's total
    $646,913

  • Kristin McKissick

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Laton Spahr

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Megin Wolfman

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Bruce McGrath

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jeff Allen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Tim Buese

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Christina Caulkins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Julie Cramer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Suraya Desorrento

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Bill Derwin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Chris Fanale

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Chris Jacoby

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • April Jones

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Michanda Lindsey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Brandon Lloyd

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Lisa Love

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Chip McKeever

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Lara Merriken

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Arthur Nelson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Vipanj Patel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ruy Quintana

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Debra Tuchman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sheila Walker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Brian Wheeler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jerry Walker Associate Head

    OF SCHOOL FOR FINANCE & OPS

    Total calculated
    $379,967
    From this org
    $333,900
    From related orgs
    $0
    Other
    $46,067
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $305,246
    Bonus
    $22,500
    Other
    $6,154
    Deferred
    $32,625
    Nontaxable benefits
    $13,964
    Filer's total
    $380,489

  • Priscilla Scobie

    ASSOC HEAD OF SCHOOL FOR PROGRAMS

    Total calculated
    $277,802
    From this org
    $230,926
    From related orgs
    $0
    Other
    $46,876
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $229,120
    Bonus
    $0
    Other
    $1,806
    Deferred
    $23,575
    Nontaxable benefits
    $23,822
    Filer's total
    $278,323

  • Philipp Klein

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $201,051
    From this org
    $180,027
    From related orgs
    $0
    Other
    $21,024
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $178,430
    Bonus
    $0
    Other
    $1,597
    Deferred
    $17,974
    Nontaxable benefits
    $3,050
    Filer's total
    $201,051

  • Eric Chandler

    UPPER SCHOOL DIRECTOR

    Total calculated
    $200,143
    From this org
    $172,269
    From related orgs
    $0
    Other
    $27,874
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $169,996
    Bonus
    $0
    Other
    $2,273
    Deferred
    $16,832
    Nontaxable benefits
    $11,564
    Filer's total
    $200,665

  • Jeff Hollway

    DIRECTOR OF ATHLETICS

    Total calculated
    $209,772
    From this org
    $153,007
    From related orgs
    $0
    Other
    $56,765
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $152,701
    Bonus
    $0
    Other
    $306
    Deferred
    $7,614
    Nontaxable benefits
    $49,673
    Filer's total
    $210,294

  • Michael Ehrenfried Chief

    INNOVATION & INFORMATION OFFICER

    Total calculated
    $203,310
    From this org
    $147,598
    From related orgs
    $0
    Other
    $55,712
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $147,262
    Bonus
    $0
    Other
    $336
    Deferred
    $16,480
    Nontaxable benefits
    $39,754
    Filer's total
    $203,832

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

  • 1a · Housing allowance or residence for personal use
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
AS PART OF THE EMPLOYMENT CONTRACT THE HEAD OF SCHOOL IS PROVIDED THE USE OF A HOUSE ON CAMPUS AND HOUSE-CLEANING SERVICES. THE BENEFITS PROVIDED ARE NOT TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUAL.
PART I, LINE 7
THE ORGANIZATION'S COMPENSATION COMMITTEE ANNUALLY REVIEWS THE PERFOMANCES OF THE EXECUTIVE STAFF AND OTHER STAFF AS IDENTIFIED BY THE COMMITTEE TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES WILL BE PAID.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511359349307531

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