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Nonprofiteer
← ASPEN PREP ACADEMY

Form 990 for tax year 2023

Filed by ASPEN PREP ACADEMY.

Totals

Total revenue
$12,410,744
Total expenses
$10,176,814
Contributions and grants received
$811,887
Grants paid
$357,844
Program service revenue
$11,322,180
Investment income
$252,032
Other revenue
$24,645
Total assets, end of year
$9,188,962
Total liabilities, end of year
$7,690,328
Net assets or fund balances, end of year
$1,498,634
Program services expenses (Part IX)
$8,852,856
Management and general expenses
$1,088,173
Fundraising expenses
$235,785
Program service expenses (Part III)
$8,852,856

Program services were 87.0% 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

    $214,604

  • 1f · All other contributions, gifts and grants

    $597,283

  • 2a · Program service revenue: TUITION

    total $10,992,642 · related or exempt $10,992,642

  • 2b · Program service revenue: EXTRACURRICULAR

    total $210,424 · related or exempt $210,424

  • 2c · Program service revenue: BEAR'S STUDENT ENTERPRISE

    total $69,014 · related or exempt $69,014

  • 2d · Program service revenue: PARENT CIVIC ORGANIZATION

    total $50,100 · related or exempt $50,100

  • 3 · Investment income

    total $252,032 · excluded $252,032

  • 8a · Fundraising events: gross income

    $55,370

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

    $214,604

  • 8b · Fundraising events: direct expenses

    $55,370

  • 11a · Other revenue: MISCELLANEOUS

    total $24,645 · excluded $24,645

  • 11e · Other revenue, total

    $24,645

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $357,844 · program services $357,844

  • 5 · Compensation of officers, directors and key employees

    total $921,822 · program services $567,852 · management and general $339,681 · fundraising $14,289

  • 7 · Other salaries and wages

    total $5,442,984 · program services $4,998,443 · management and general $305,379 · fundraising $139,162

  • 8 · Pension plan contributions

    total $157,671 · program services $148,293 · management and general $5,210 · fundraising $4,168

  • 9 · Other employee benefits

    total $560,727 · program services $476,830 · management and general $65,630 · fundraising $18,267

  • 10 · Payroll taxes

    total $478,498 · program services $419,786 · management and general $47,132 · fundraising $11,580

  • 11b · Fees: legal

    total $26,358 · management and general $26,358

  • 11c · Fees: accounting

    total $33,457 · program services $3,910 · management and general $29,439 · fundraising $108

  • 11f · Fees: investment management

    total $4,207 · management and general $4,207

  • 11g · Fees: other

    total $19,202 · program services $3,433 · management and general $15,715 · fundraising $54

  • 12 · Advertising and promotion

    total $98,224 · program services $23,574 · management and general $73,668 · fundraising $982

  • 13 · Office expenses

    total $119,635 · program services $79,273 · management and general $22,160 · fundraising $18,202

  • 14 · Information technology

    total $151,073 · program services $140,694 · management and general $8,687 · fundraising $1,692

  • 16 · Occupancy

    total $108,146 · program services $100,717 · management and general $6,218 · fundraising $1,211

  • 19 · Conferences, conventions and meetings

    total $7,149 · program services $6,272 · management and general $704 · fundraising $173

  • 20 · Interest

    total $53,643 · management and general $53,643

  • 22 · Depreciation, depletion and amortization

    total $286,364 · program services $266,691 · management and general $16,466 · fundraising $3,207

  • 23 · Insurance

    total $138,573 · program services $124,717 · management and general $11,260 · fundraising $2,596

  • 24a · Other expenses: CURRICULUM AND SUPPLIES

    total $495,872 · program services $492,681 · management and general $3,191

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $445,076 · program services $414,499 · management and general $25,592 · fundraising $4,985

  • 24c · Other expenses: PROFESSIONAL DEVELOPMENT

    total $182,989 · program services $160,537 · management and general $18,024 · fundraising $4,428

  • 24d · Other expenses: STUDENT STORE - COGS

    total $53,919 · program services $53,919

  • 24e · All other expenses

    total $33,381 · program services $12,891 · management and general $9,809 · fundraising $10,681

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $8,219,187 · end of year $4,062,642

  • 3 · Pledges and grants receivable

    beginning of year $165,636 · end of year $171,149

  • 4 · Accounts receivable

    beginning of year $24,178 · end of year $6,707

  • 9 · Prepaid expenses and deferred charges

    beginning of year $215,862 · end of year $400,534

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

    $3,351,683

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

    $2,454,694

  • 10c · Land, buildings and equipment, net

    beginning of year $728,536 · end of year $896,989

  • 11 · Investments: publicly traded securities

    end of year $3,119,086

  • 12 · Investments: other securities

    beginning of year $350,266 · end of year $531,855

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,262,297 · end of year $1,146,052

  • 19 · Deferred revenue

    beginning of year $4,500,131 · end of year $4,215,297

  • 23 · Secured mortgages and notes payable

    beginning of year $1,843,815 · end of year $1,797,124

  • 25 · Other liabilities

    beginning of year $350,266 · end of year $531,855

  • 27 · Net assets without donor restrictions

    beginning of year $1,238,367 · end of year $902,789

  • 28 · Net assets with donor restrictions

    beginning of year $508,789 · end of year $595,845

Mission and programs · 2023

Mission

WE EDIFY AND INSPIRE STUDENTS AND EDUCATORS TO GROW, LEARN AND LEAD.

Activities or mission (Part I)

TO EDIFY AND INSPIRE STUDENTS AND EDUCATORS TO GROW, LEARN AND LEAD.

  • ASPEN ACADEMY IS AN INDEPENDENT SCHOOL SERVING APPROXIMATELY 490 STUDENTS FROM PREK THROUGH 8TH GRADE. WE EDIFY AND INSPIRE STUDENTS, PARENTS AND EDUCATORS TO GROW, LEARN AND LEAD. WE ARE A NATIONAL LEADER IN INNOVATIVE AND TRANSFORMATIVE EDUCATION. ASPEN ACADEMY'S STUDENTS AND COMMUNITY MEMBERS HOLD THE SAME VALUES: BE KIND, DO GOOD, WORK HARD AND MAKE THE WORLD BETTER.

    Expenses $8,852,856 · Grants $357,844 · Revenue $11,322,180

As filed on the 2023 return.

Listed in Part VII

  • Kristina Scala

    HEAD OF SCHO

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

    Schedule J breakdown matched by us

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

  • Lynda Sailor

    CO-FOUNDER/B

    Total calculated
    $318,322
    From this org
    $272,560
    From related orgs
    $0
    Other
    $45,762
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $272,560
    Bonus
    not reported
    Other
    not reported
    Deferred
    $36,123
    Nontaxable benefits
    $9,639
    Filer's total
    $318,322

  • Lori Taylor

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5 + 0.5 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
    2 + 3 related

  • Brian Meegan

    COMPENSATION

    Total calculated
    $0
    Hours/week
    1 + 0.5 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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 43,207 0 LYNDA SAILOR 0 22,500 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
202403409349300030

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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