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Nonprofiteer
← ASPEN ACADEMY

Form 990 for tax year 2022

Filed by ASPEN ACADEMY.

Totals

Total revenue
$7,906,430
Total expenses
$7,639,776
Contributions and grants received
$7,552,387
Grants paid
$0
Program service revenue
$316,182
Investment income
$24
Other revenue
$37,837
Total assets, end of year
$4,495,976
Total liabilities, end of year
$5,820,968
Net assets or fund balances, end of year
-$1,324,992
Program services expenses (Part IX)
$6,676,412
Management and general expenses
$963,364
Fundraising expenses
$0
Program service expenses (Part III)
$6,676,412

Program services were 87.4% 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)

    $7,446,102

  • 1f · All other contributions, gifts and grants

    $106,285

  • 2a · Program service revenue: TUITION REVENUE

    total $117,155 · related or exempt $117,155

  • 2b · Program service revenue: FOOD SALES TO PUPILS

    total $104,269 · related or exempt $104,269

  • 2c · Program service revenue: FEES FROM PATRONS

    total $85,038 · related or exempt $85,038

  • 2d · Program service revenue: MEDICAL ASSISTANCE

    total $9,720 · related or exempt $9,720

  • 3 · Investment income

    total $24 · excluded $24

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $37,837 · related or exempt $37,837

  • 11e · Other revenue, total

    $37,837

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $310,976 · program services $154,028 · management and general $156,948

  • 6 · Compensation of disqualified persons

    total $64,632 · program services $64,632

  • 7 · Other salaries and wages

    total $3,319,553 · program services $3,017,777 · management and general $301,776

  • 8 · Pension plan contributions

    total $260,020 · program services $244,882 · management and general $15,138

  • 9 · Other employee benefits

    total $257,675 · program services $239,128 · management and general $18,547

  • 10 · Payroll taxes

    total $282,156 · program services $219,500 · management and general $62,656

  • 11b · Fees: legal

    total $6,839 · management and general $6,839

  • 11c · Fees: accounting

    total $117,457 · management and general $117,457

  • 11g · Fees: other

    total $1,026,645 · program services $915,603 · management and general $111,042

  • 13 · Office expenses

    total $86,681 · program services $58,301 · management and general $28,380

  • 14 · Information technology

    total $140,829 · program services $65,318 · management and general $75,511

  • 16 · Occupancy

    total $1,454,712 · program services $1,450,181 · management and general $4,531

  • 19 · Conferences, conventions and meetings

    total $21,798 · program services $21,112 · management and general $686

  • 22 · Depreciation, depletion and amortization

    total $84,492 · program services $56,081 · management and general $28,411

  • 23 · Insurance

    total $43,871 · program services $43,871

  • 24a · Other expenses: SUPPLIES

    total $76,252 · program services $76,252

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $36,598 · program services $3,119 · management and general $33,479

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $34,254 · program services $34,254

  • 24d · Other expenses: EQUIPMENT PURCHASES

    total $14,336 · program services $12,373 · management and general $1,963

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $193,803 · end of year $255,769

  • 2 · Savings and temporary cash investments

    beginning of year $1,114,252 · end of year $947,334

  • 4 · Accounts receivable

    beginning of year $661,220 · end of year $1,104,288

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,772 · end of year $27,707

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

    $909,114

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

    $523,792

  • 10c · Land, buildings and equipment, net

    beginning of year $367,817 · end of year $385,322

  • 15 · Other assets

    beginning of year $1,721,986 · end of year $1,775,556

  • 17 · Accounts payable and accrued expenses

    beginning of year $493,849 · end of year $573,470

  • 25 · Other liabilities

    beginning of year $5,750,191 · end of year $5,247,498

  • 29 · Capital stock, trust principal or current funds

    beginning of year -$2,540,007 · end of year -$1,844,106

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $367,817 · end of year $519,114

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO PROVIDE STUDENTS WITH A WELL-ROUNDED AND CORE KNOWLEDGE-BASED EDUCATION.

  • ASPEN ACADEMY OFFERS SMALL CLASS SIZES THAT PROVIDES A SENSE OF COMMUNITY. ASPEN ACADEMY PROVIDES A LITERATURE RICH, CORE KNOWLEDGE CURRICULUM WHICH INCLUDES SINGAPORE MATH. ASPEN ACADEMY HAS ELEMENTARY SPANISH, ART, MUSIC AND PHY ED PROGRAMS. AVERAGE DAILY ENROLLMENT FOR THE YEAR ENDED JUNE 30, 2023 WAS 644 STUDENTS SPREAD FROM KINDERGARTEN THROUGH EIGHTH GRADE.

    Expenses $6,676,412 · Revenue $354,019

As filed on the 2022 return.

Listed in Part VII

  • Michael Faulise

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Price

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Robert Allison

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Smitley

    SECRETARY/TEACHER

    Total calculated
    $31,740
    From this org
    $29,268
    From related orgs
    $0
    Other
    $2,472
    Hours/week
    40

  • Brandy Mosser

    MEMBER

    Total calculated
    $70,448
    From this org
    $59,976
    From related orgs
    $0
    Other
    $10,472
    Hours/week
    1

  • Chris Dicapo

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rachel Mong

    MEMBER/TEACHER

    Total calculated
    $48,833
    From this org
    $44,827
    From related orgs
    $0
    Other
    $4,006
    Hours/week
    40

  • Melanie Jiskra

    EXECUTIVE DIRECTOR

    Total calculated
    $136,043
    From this org
    $125,657
    From related orgs
    $0
    Other
    $10,386
    Hours/week
    40 + 1 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.

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
2022
Filed
7 May 2024
IRS schema version
2022v5.0
Source object
202421349349300202

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