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Nonprofiteer
← ASPEN ACADEMY INVESTMENT FUND

Form 990 for tax year 2023

Filed by ASPEN ACADEMY INVESTMENT FUND.

Totals

Total revenue
$286,773
Total expenses
$1,080,429
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$286,773
Other revenue
$0
Total assets, end of year
$17,390,036
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$17,390,036
Program services expenses (Part IX)
$979,232
Management and general expenses
$89,421
Fundraising expenses
$11,776
Program service expenses (Part III)
$979,232

Program services were 90.6% 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.

  • 3 · Investment income

    total $286,778 · excluded $286,778

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

    securities $5

  • 7c · Gain or loss

    securities -$5

  • 7d · Net gain or loss

    total -$5 · excluded -$5

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $28,962 · management and general $28,962

  • 22 · Depreciation, depletion and amortization

    total $1,051,467 · program services $979,232 · management and general $60,459 · fundraising $11,776

Balance sheet

Part X, book values.

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

    $19,744,048

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

    $11,317,829

  • 10c · Land, buildings and equipment, net

    beginning of year $8,232,821 · end of year $8,426,219

  • 11 · Investments: publicly traded securities

    beginning of year $7,111,042 · end of year $8,963,817

  • 27 · Net assets without donor restrictions

    beginning of year $15,343,863 · end of year $17,390,036

Mission and programs · 2023

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.

    Expenses $979,232

As filed on the 2023 return.

Listed in Part VII

  • Kristina Scala

    HEAD OF SCHO

    Total calculated
    $482,668
    From this org
    $0
    From related orgs
    $393,674
    Other
    $88,994
    Hours/week
    5 + 60 related

    Schedule J breakdown matched by us

    Base
    not reported + $331,552 related
    Bonus
    not reported + $62,122 related
    Other
    not reported
    Deferred
    not reported + $62,447 related
    Nontaxable benefits
    not reported + $26,547 related
    Filer's total
    not reported + $482,668 related

  • Lori Taylor

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • Corinne Lengsfeld

    GOV/TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Denis Patrick Gibbs

    FINANCE/AUDI

    Total calculated
    $0
    Hours/week
    3 + 2 related

  • Brian Meegan

    COMPENSATION

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Mike Keough

    RISING INVES

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Darrell Watters

    INVESTMENT C

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • James Park

    ADVANCEMENT

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Victoria Bough

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Christina Good

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Wayne Guerra

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Lew King

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Arjun Sen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Tim Taylor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Lorena Torres-Ostos

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Dr Emilio Arguello

    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 1A
FRINGE OR EXPENSE EXPLANATION THE ORGANIZATION RELIED ON A RELATED ORGANIZATION THAT USED ONE OR MORE OF THESE METHODS TO ESTABLISH THE COMPENSATION OF OFFICERS.
SCHEDULE J, PAGE 1, PART I, LINE 4
KRISTINA SCALA 0 43,207 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.

Provenance

Return type
form_990
Tax year
2023
Filed
3 December 2024
IRS schema version
2023v5.0
Source object
202403409349301010

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