Totals
- Total revenue
- $54,265,353
- Total expenses
- $47,474,221
- Contributions and grants received
- $7,680,736
- Grants paid
- $3,907,247
- Program service revenue
- $42,746,326
- Investment income
- $3,329,685
- Other revenue
- $508,606
- Total assets, end of year
- $133,747,593
- Total liabilities, end of year
- $12,751,409
- Net assets or fund balances, end of year
- $120,996,184
- Program services expenses (Part IX)
- $40,296,123
- Management and general expenses
- $5,707,464
- Fundraising expenses
- $1,470,634
- Program service expenses (Part III)
- $40,296,123
Program services were 84.9% 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
$314,958
-
1e · Government grants (contributions)
$3,419,214
-
1f · All other contributions, gifts and grants
$3,946,564
-
1g · Noncash contributions included above
$308,448
-
2a · Program service revenue: TUITION AND FEES
total $38,321,736 · related or exempt $38,321,736
-
2b · Program service revenue: SUMMER AND OTHER PROGRAMS
total $3,497,390 · related or exempt $3,497,390
-
2c · Program service revenue: TRANSPORTATION FEES
total $819,079 · related or exempt $819,079
-
2f · All other program service revenue
total $108,121 · related or exempt $108,121
-
3 · Investment income
total $3,303,600 · unrelated business $1,439 · excluded $3,302,161
-
6a · Gross rents
real property $125,337
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $125,337
-
6d · Net rental income or loss
total $125,337 · related or exempt $125,337
-
7a · Gross sales of assets other than inventory
securities $2,829,824
-
7b · Less cost or other basis and sales expenses
securities $2,792,901 · other assets $10,838
-
7c · Gain or loss
securities $36,923 · other assets -$10,838
-
7d · Net gain or loss
total $26,085 · excluded $26,085
-
8a · Fundraising events: gross income
$935,248
-
8a · Fundraising events: contributions included on line 1c
$314,958
-
8b · Fundraising events: direct expenses
$558,789
-
8c · Net income from fundraising events
total $376,459 · excluded $376,459
-
10a · Gross sales of inventory
$60,568
-
10b · Cost of goods sold
$53,758
-
10c · Net income from sales of inventory
total $6,810 · related or exempt $6,810
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $3,907,247 · program services $3,907,247
-
5 · Compensation of officers, directors and key employees
total $833,250 · program services $138,911 · management and general $555,428 · fundraising $138,911
-
7 · Other salaries and wages
total $21,651,291 · program services $19,022,207 · management and general $1,885,153 · fundraising $743,931
-
8 · Pension plan contributions
total $1,283,227 · program services $986,550 · management and general $247,835 · fundraising $48,842
-
9 · Other employee benefits
total $4,607,016 · program services $3,503,624 · management and general $922,924 · fundraising $180,468
-
10 · Payroll taxes
total $1,628,009 · program services $1,222,930 · management and general $337,943 · fundraising $67,136
-
11f · Fees: investment management
total $168,548 · management and general $168,548
-
11g · Fees: other
total $380,242 · management and general $380,242
-
12 · Advertising and promotion
total $675,440 · program services $24,127 · management and general $464,006 · fundraising $187,307
-
13 · Office expenses
total $56,497 · management and general $56,497
-
16 · Occupancy
total $2,552,069 · program services $2,273,351 · management and general $257,922 · fundraising $20,796
-
22 · Depreciation, depletion and amortization
total $2,961,333 · program services $2,690,025 · management and general $246,817 · fundraising $24,491
-
23 · Insurance
total $144,982 · management and general $144,982
-
24a · Other expenses: INSTRUCTION & IT EXPENS
total $5,229,980 · program services $5,215,955 · management and general $14,025
-
24b · Other expenses: FOOD SERVICES
total $1,169,462 · program services $1,169,462
-
24c · Other expenses: PROFESSIONAL DEVELOPMEN
total $185,138 · program services $141,734 · management and general $11,426 · fundraising $31,978
-
24d · Other expenses: BANKING AND PROCESSING
total $39,936 · management and general $13,162 · fundraising $26,774
-
24e · All other expenses
total $554 · management and general $554
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $17,747,918 · end of year $18,258,012
-
3 · Pledges and grants receivable
beginning of year $1,565,823 · end of year $566,067
-
4 · Accounts receivable
beginning of year $91,779 · end of year $3,615,112
-
8 · Inventories for sale or use
beginning of year $172,331 · end of year $237,005
-
9 · Prepaid expenses and deferred charges
beginning of year $266,173 · end of year $710,725
-
10a · Land, buildings and equipment: cost or other basis
$104,297,690
-
10b · Land, buildings and equipment: accumulated depreciation
$33,731,647
-
10c · Land, buildings and equipment, net
beginning of year $68,886,345 · end of year $70,566,043
-
11 · Investments: publicly traded securities
beginning of year $34,557,663 · end of year $39,590,063
-
12 · Investments: other securities
beginning of year $193,364 · end of year $204,566
-
17 · Accounts payable and accrued expenses
beginning of year $3,476,845 · end of year $3,878,354
-
19 · Deferred revenue
beginning of year $1,941,543 · end of year $1,584,962
-
25 · Other liabilities
beginning of year $6,607,184 · end of year $7,288,093
-
27 · Net assets without donor restrictions
beginning of year $71,048,874 · end of year $80,114,611
-
28 · Net assets with donor restrictions
beginning of year $40,406,950 · end of year $40,881,573
Mission and programs · 2023
Mission
CREATING CURIOUS, KIND, COURAGEOUS, AND ADVENTUROUS LEARNERS AND LEADERS.
-
EDUCATION OF 1,032 STUDENTS IN GRADES PRE-K THROUGH 12. COLORADO ACADEMY STRIVES FOR ACADEMIC EXCELLENCE AND THE HIGHEST STANDARDS OF ACHIEVEMENT THROUGH ACADEMIC STUDIES, ATHLETIC PURSUITS, ARTISTIC VENTURES, SUMMER PROGRAMS, AND EXTRACURRICULAR ACTIVITIES. STUDENTS LEARN TO THINK AND CREATE AS THEY FORGE A LIFE-LONG LEARNING ADVENTURE.
Expenses $35,495,360 · Grants $3,907,247 · Revenue $38,562,005
-
SUMMER AND OTHER PROGRAMS FOR APPROXIMATELY 2,700 STUDENTS INCLUDES A TRADITIONAL SUMMER CAMP, SPECIALTY CAMPS, AND THE HORIZON PROGRAM. THE SUMMER PROGRAM AT COLORADO ACADEMY, FOUNDED IN 1951, PROVIDES A VARIETY OF ACTIVITIES TO MORE THAN 500 KIDS (AGES 4 THROUGH 18) FOR EIGHT WEEKS EACH SUMMER. THE PROGRAMS ARE FUN, ENGAGING, AND CHALLENGING-BOTH INTELLECTUALLY AND PHYSICALLY. HORIZONS AT COLORADO ACADEMY IS ONE OF OVER 60 AFFILIATES AROUND THE COUNTRY THAT PROVIDES EXTENSIVE ENRICHMENT PROGRAMMING FOR UNDERSERVED YOUTH IN AND AROUND DENVER. SINCE ITS FOUNDING IN 1998, THE PROGRAM HAS GROWN EXTENSIVELY. IN 2024, ENROLLMENT WAS AT 224 STUDENTS.
Expenses $3,763,585 · Revenue $3,497,390
-
TRANSPORTATION TO AND FROM SCHOOL IS USED BY APPROXIMATELY 500 STUDENTS.
Expenses $1,037,178 · Revenue $819,078
As filed on the 2023 return.
Listed in Part VII
-
Kevin ReidyKEVIN REIDY
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Meshach RhoadesMESHACH RHOADES
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Andrew RobinsonANDREW ROBINSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Sue ChoSUE CHO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeff GellerJEFF GELLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Buck BlessingBUCK BLESSING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Vj BrownVJ BROWN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bob MartinBOB MARTIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jocelyn EgeJOCELYN EGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Matt FarncombeMATT FARNCOMBE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David ShapiroDAVID SHAPIRO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Liz ArnoldLIZ ARNOLD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Derek McCandlessDEREK MCCANDLESS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Julie MartinJULIE MARTIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dan GoldmanDAN GOLDMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Erica Moore HollisERICA MOORE HOLLIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dalia El-PrinceDALIA EL-PRINCE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bryan LeachBRYAN LEACH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rob StettnerROB STETTNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Alison EngelALISON ENGEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Isiah SalazarISIAH SALAZAR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Catherine RollhausCATHERINE ROLLHAUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Natalie Bocock TurnageNATALIE BOCOCK TURNAGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mike DavisMIKE DAVIS
HEAD OF SCHOOL
- Total calculated
- $595,383
- From this org
- $553,885
- From related orgs
- $0
- Other
- $41,498
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $431,931
- Bonus
- $88,000
- Other
- $33,954
- Deferred
- $20,167
- Nontaxable benefits
- $22,021
- Filer's total
- $596,073
-
Whitney JohnsonWHITNEY JOHNSON
CFOO
- Total calculated
- $271,991
- From this org
- $247,278
- From related orgs
- $0
- Other
- $24,713
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $239,750
- Bonus
- $0
- Other
- $7,528
- Deferred
- $10,324
- Nontaxable benefits
- $14,389
- Filer's total
- $271,991
-
Kate McDonnellKATE MCDONNELL
DIRECTOR OF ADVANCEMENT
- Total calculated
- $147,698
- From this org
- $139,354
- From related orgs
- $0
- Other
- $8,344
- Hours/week
- 40
-
Collinus Newsome Jan - MayCOLLINUS NEWSOME JAN - MAY
DIRECTOR OF CULTURE & COMMUNITY
- Total calculated
- $184,982
- From this org
- $163,920
- From related orgs
- $0
- Other
- $21,062
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $163,920
- Bonus
- $0
- Other
- $0
- Deferred
- $9,840
- Nontaxable benefits
- $11,222
- Filer's total
- $184,982
-
Max DelgadoMAX DELGADO
UPPER SCHOOL PRINCIPAL
- Total calculated
- $217,949
- From this org
- $168,067
- From related orgs
- $0
- Other
- $49,882
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,827
- Bonus
- $0
- Other
- $240
- Deferred
- $11,057
- Nontaxable benefits
- $38,825
- Filer's total
- $217,949
-
Angella CrabtreeANGELLA CRABTREE
LOWER SCHOOL PRINCIPAL
- Total calculated
- $207,404
- From this org
- $183,481
- From related orgs
- $0
- Other
- $23,923
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $183,261
- Bonus
- $0
- Other
- $220
- Deferred
- $11,055
- Nontaxable benefits
- $12,868
- Filer's total
- $207,404
-
Catherine LaskeyCATHERINE LASKEY
DIRECTOR OF ADMISSIONS
- Total calculated
- $173,198
- From this org
- $157,515
- From related orgs
- $0
- Other
- $15,683
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,515
- Bonus
- $0
- Other
- $0
- Deferred
- $15,683
- Nontaxable benefits
- $0
- Filer's total
- $173,198
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 · Discretionary spending account
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 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
- THE HEAD OF SCHOOL IS PROVIDED WITH A BENEFIT ALLOWANCE TO BE USED FOR ANY OF THE FOLLOWING; AUTOMOBILE EXPENSES, HEALTH CLUB, OR FINANCIAL PLANNING. THE BENEFIT ALLOWANCE IS INCLUDED IN THE HEAD OF SCHOOL'S W-2 WAGES.
- PART I, LINE 7
- THE FINANCE COMMITTEE ANNUALLY REVIEWS THE PERFORMANCES 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. DURING CALENDAR YEAR ENDING DECEMBER 31, 2023, BONUSES WERE AWARDED BASED ON REVIEW OF EACH INDIVIDUAL'S PERFORMANCE AND SERVICES TO THE ORGANIZATION.
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
PERPETUAL TRUST
T · CHARITABLE PERPETUAL TRUST · CO · 100% owned · share of income $11,202 · share of assets $204,566 · controlled entity
Directly controlled by COLORADO ACADEMY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520989349300822
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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