Totals
- Total revenue
- $478,719
- Total expenses
- $506,220
- Contributions and grants received
- $309,788
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $165,709
- Other revenue
- $3,222
- Total assets, end of year
- $5,225,846
- Total liabilities, end of year
- $3,898,459
- Net assets or fund balances, end of year
- $1,327,387
- Program services expenses (Part IX)
- $292,425
- Management and general expenses
- $195,557
- Fundraising expenses
- $18,238
- Program service expenses (Part III)
- $292,425
Program services were 57.8% 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.
-
1f · All other contributions, gifts and grants
$309,788
-
3 · Investment income
total $165,709 · related or exempt $148,968 · excluded $16,741
-
11a · Other revenue: Loan Origination Fees
total $3,222 · related or exempt $3,222
-
11e · Other revenue, total
$3,222
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $192,916 · program services $144,687 · management and general $38,583 · fundraising $9,646
-
7 · Other salaries and wages
total $85,597 · program services $22,420 · management and general $58,897 · fundraising $4,280
-
9 · Other employee benefits
total $64,079 · program services $38,447 · management and general $22,428 · fundraising $3,204
-
10 · Payroll taxes
total $21,515 · program services $12,909 · management and general $7,530 · fundraising $1,076
-
11b · Fees: legal
total $3,122 · program services $3,122
-
11c · Fees: accounting
total $29,162 · program services $6,000 · management and general $23,162
-
11g · Fees: other
total $11,896 · management and general $11,896
-
13 · Office expenses
total $4,234 · program services $310 · management and general $3,924
-
17 · Travel
total $4,374 · program services $1,940 · management and general $2,402 · fundraising $32
-
20 · Interest
total $62,590 · program services $62,590
-
23 · Insurance
total $11,376 · management and general $11,376
-
24a · Other expenses: Facilities and Equipmen
total $15,359 · management and general $15,359
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,524,993 · end of year $1,358,217
-
7 · Other notes and loans receivable
beginning of year $4,515,056 · end of year $3,838,583
-
9 · Prepaid expenses and deferred charges
beginning of year $7,580 · end of year $7,207
-
10a · Land, buildings and equipment: cost or other basis
$4,692
-
10b · Land, buildings and equipment: accumulated depreciation
$4,692
-
10c · Land, buildings and equipment, net
beginning of year $536 · end of year $0
-
15 · Other assets
beginning of year $2,434 · end of year $21,839
-
17 · Accounts payable and accrued expenses
beginning of year $24,961 · end of year $17,681
-
24 · Unsecured notes and loans payable
beginning of year $4,670,750 · end of year $3,859,054
-
25 · Other liabilities
beginning of year $0 · end of year $21,724
-
27 · Net assets without donor restrictions
beginning of year $1,354,888 · end of year $1,327,387
Mission and programs · 2022
Mission
To provide and facilitate affordable facilities solutions that increase the number of high quality public charter school seats for underserved Colorado students.
Activities or mission (Part I)
The mission of CFS is to provide and facilitate affordable facilities solutions
-
Provide and facilitate affordable facilities solutions that increase the number of high quality public charter school seats for underserved Colorado students.
Expenses $292,425 · Revenue $152,190
As filed on the 2022 return.
Listed in Part VII
-
Tom Gougeon
Board Chair
- Total calculated
- $0
- Hours/week
- 1
-
Patty Gage
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Chelsea Carver
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Peter Droege
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Matt Samelson
Board Chair
- Total calculated
- $0
- Hours/week
- 1
-
Jim Ford
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jane Ellis
Executive Director
- Total calculated
- $240,590
- From this org
- $192,916
- From related orgs
- $0
- Other
- $47,674
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $192,916
- Bonus
- $0
- Other
- $0
- Deferred
- $5,787
- Nontaxable benefits
- $41,887
- Filer's total
- $240,590
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 · Written employment contract
- 3 · Approval by the board or compensation committee
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 3
- The board of directors sets the executive director's salary based on their review of the local labor market.
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
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431369349311813
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