Rocky Mountain Classical Academy FY2019 filing

Tax-deductible

Colorado Spgs, CO501(c)(3)Since 2005EducationEIN 20-4543388Revenue $12.4M in FY2019

On file with the IRSrmcacs.org4620 Antelope Ridge Dr, 80922-2497 · Colorado Spgs, COTax-exempt since Mar 2008School — 170(b)(1)(A)(ii)

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501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
$122K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2019 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 7
filings with a surplus
Average surplus $1.1M a year · 7% of revenue · last 7 filings
Worth a look: a surplus in 4 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$122K
to officers and key staff · 1.0% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $461
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$63.8M
136% of total assets
Concern: liabilities are 136% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.4M
Spent
$12.8M
To programs
75%
Net assets
−$16.9M
By yearFY2019–FY2025
Revenue
$12.4M
FY2019
Tap a bar for its year
Revenue by fiscal year
FY2019$12.4M
FY2020$12.3M
FY2021$13.3M
FY2022$14.4M
FY2023$16.0M
FY2024$19.2M
FY2025$19.8M
Expenses
$12.8M
FY2019
Tap a bar for its year
Expenses by fiscal year
FY2019$12.8M
FY2020$12.7M
FY2021$9.7M
FY2022$10.6M
FY2023$16.3M
FY2024$18.7M
FY2025$18.7M
Net assets
−$16.9M
FY2019
Tap a bar for its year
Net assets by fiscal year
FY2019−$16.9M
FY2020−$17.4M
FY2021−$7.8M
FY2022−$4.0M
FY2023−$4.3M
FY2024−$3.7M
FY2025−$2.6M

From the FY2019 Form 990 (year ending June 2019) · figures checked against the IRS filing · see the original

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You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $9.7M Management & general 25% · $3.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $122K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2018); the FY2019 filing did not itemize Part VII
$122,500Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Chad Cullers’s $122K as Assistant Principal is at the 7th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Cullen McDowell—$141,279$132,781$127,986$153,810$105,657
Christianna Fogler——————
Chad Cullers$121,935$96,120————
John E Ballew——$120,049———
John Ballew$109,619——$100,951——
Tam Smith$106,309—————
Clay Traylor$67,060—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Operates a public, nonreligious school under Colorado's Charter Schools Act.

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Provided by the organization

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1 program · $9.7M · in their own filed words · FY2018
01

Organized and operated exclusively for educational purposes

$9.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$461

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$12.4M
Ln 12
Fees for servicesLn 2g$11.6M
Gifts and grantsLn 1h$762K
Investment incomeLn 3$26K
Money outPt IX
$12.8M
Ln 25
Programscol B$9.7M
Managementcol C$3.1M
Owns and owesPt X
−$16.9M
net assets · Ln 32
Cash and savingsLn 1–2$7.8M
Total assetsLn 16$46.9M
LiabilitiesLn 26$63.8M
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$762K
Government grantsLn 1e$739K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$11.6M
Investment incomeLn 3$26K
Other incomeLn 4–11$23K
Total revenueLn 12$12.4M
Assets in detailPt X, end of year
CashLn 1$7.8M
Cash and savings togetherLn 1–2$7.8M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$27.2M
Other assetsLn 15$11.9M
Total assetsLn 16$46.9M
LiabilitiesLn 26$63.8M
Net assetsLn 32−$16.9M
OperationsPt I, VI
EmployeesI 5203
VolunteersI 61,629
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY19End FY19
Cash and savingsLn 1–2$4.9M$7.8M
InvestmentsLn 11–13$4K$0
Land, buildings, equipmentLn 10c$21.9M$27.2M
Total assetsLn 16$50.7M$46.9M
LiabilitiesLn 26$67.4M$63.8M
Net assetsLn 32−$16.7M−$16.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$158K$0$158K$0
Other salaries and wagesLn 7$4.3M$3.6M$710K$0
Pension plan contributionsLn 8$981K$801K$180K$0
Other employee benefitsLn 9$632K$509K$123K$0
Payroll taxesLn 10$74K$65K$9K$0
Legal feesLn 11b$71K$0$71K$0
Accounting feesLn 11c$164K$0$164K$0
Other fees for servicesLn 11g$106K$22K$85K$0
Advertising and promotionLn 12$48K$0$48K$0
Office expensesLn 13$386K$0$386K$0
OccupancyLn 16$154K$136K$18K$0
TravelLn 17$214K$204K$10K$0
InterestLn 20$1.7M$1.5M$205K$0
Depreciation, depletion and amortizationLn 22$1.6M$1.4M$189K$0
InsuranceLn 23$91K$20K$71K$0
Other expenses (24a–d)Ln 24$2.0M$1.3M$648K$0
All other expensesLn 24e$208K$140K$67K
Total functional expensesLn 25$12.8M$9.7M$3.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $19.8M$18.7M$1.1M−$2.6M 990 PDF
FY2024 $19.2M$18.7M$544K−$3.7M 990 PDF
FY2023 $16.0M$16.3M−$282K−$4.3M 990 PDF
FY2022 $14.4M$10.6M$3.8M−$4.0M 990 PDF
FY2021 $13.3M$9.7M$3.5M−$7.8M 990 PDF
FY2020 $12.3M$12.7M−$486K−$17.4M 990 PDF
FY2019 Viewing $12.4M$12.8M−$437K−$16.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2019 990 (6 parts)
Part I · Summary $12,386,636 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $619,624$761,586
I-9 Program service revenuePrior year $10,519,526$11,575,977
I-10 Investment incomePrior year $17,243$25,709
I-11 Other revenuePrior year $0$23,364
I-12 Total revenuePrior year $11,156,393$12,386,636
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,805,608$6,122,600
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,482,813$6,701,317
I-18 Total expensesPrior year $18,288,421$12,823,917
I-19 Revenue less expensesPrior year −$7,132,028−$437,281
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $12,386,636 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$739,474
VIII-1f All other contributions, gifts and grants$22,112
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$761,586
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,575,977 · Unrelated business $0 · Excluded from tax $0$11,575,977
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $25,709$25,709
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,000$5,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $18,364 · Unrelated business $0 · Excluded from tax $0$18,364
VIII-12 Total revenueRelated to mission $11,594,341 · Unrelated business $0 · Excluded from tax $30,709$12,386,636
Part IX · Statement of functional expenses $12,823,917 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $158,082 · Fundraising $0$158,082
IX-7 Other salaries and wagesPrograms $3,566,646 · Management $710,304 · Fundraising $0$4,276,950
IX-8 Pension plan contributionsPrograms $800,611 · Management $180,408 · Fundraising $0$981,019
IX-9 Other employee benefitsPrograms $509,316 · Management $123,126 · Fundraising $0$632,442
IX-10 Payroll taxesPrograms $65,214 · Management $8,893 · Fundraising $0$74,107
IX-11b Legal feesPrograms $0 · Management $70,685 · Fundraising $0$70,685
IX-11c Accounting feesPrograms $0 · Management $164,336 · Fundraising $0$164,336
IX-11g Other fees for servicesPrograms $21,967 · Management $84,502 · Fundraising $0$106,469
IX-12 Advertising and promotionPrograms $0 · Management $48,274 · Fundraising $0$48,274
IX-13 Office expensesPrograms $0 · Management $385,962 · Fundraising $0$385,962
IX-16 OccupancyPrograms $135,522 · Management $18,481 · Fundraising $0$154,003
IX-17 TravelPrograms $203,710 · Management $10,379 · Fundraising $0$214,089
IX-20 InterestPrograms $1,506,719 · Management $205,462 · Fundraising $0$1,712,181
IX-22 Depreciation, depletion and amortizationPrograms $1,385,820 · Management $188,975 · Fundraising $0$1,574,795
IX-23 InsurancePrograms $19,911 · Management $71,436 · Fundraising $0$91,347
IX-24 Other expenses (24a–d)Programs $1,322,935 · Management $648,326 · Fundraising $0$1,971,261
IX-24e All other expensesPrograms $140,463 · Management $67,452$207,915
IX-25 Total functional expensesPrograms $9,678,834 · Management $3,145,083 · Fundraising $0$12,823,917
Part X · Balance sheet $46,895,866 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $4,928,716$7,837,226
X-4 Accounts receivableStart of year $12,021$10,648
X-9 Prepaid expenses and deferred chargesStart of year $129,726$16,263
X-10c Land, buildings and equipment, netStart of year $21,939,964$27,163,437
X-13 Program-related investmentsStart of year $3,754$0
X-15 Other assetsStart of year $23,728,184$11,868,292
X-16 Total assetsStart of year $50,742,365$46,895,866
X-17 Accounts payable and accrued expensesStart of year $869,135$435,795
X-19 Deferred revenueStart of year $25,397$2,395
X-25 Other liabilitiesStart of year $26,244,566$20,810,391
X-26 Total liabilitiesStart of year $67,426,555$63,813,691
X-32 Total net assets or fund balancesStart of year −$16,684,190−$16,917,825
X-33 Total liabilities and net assetsStart of year $50,742,365$46,895,866
Part XI · Reconciliation of net assets −$16,917,825 net assets at year end
XI-1 Total revenue$12,386,636
XI-2 Total expenses$12,823,917
XI-3 Revenue less expenses−$437,281
XI-4 Net assets at start of year−$16,684,190
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$203,646
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$16,917,825

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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