University Schools EIN 20-4574040 Form 990 (PDF) Claim this org

University Schools

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Ignites student passion for Jesus through worship, academics, missions, leadership, and adventure. For fiscal year 2025 it reported $3.1M in revenue, $2.3M in expenses, and $930K in net assets.Pt I

Type
Higher education institution · Education
Location
Colorado Spgs, CO
Website
www.the-us.com
Filings
6 on file (2020–2025)
Revenue
$3.1MFY2025
Expenses
$2.3M
Net assets
$930K
People
8
Filings
6
Updates
0
More identity details & actions ⌄
EIN  20-4574040 Higher education institution Colorado Spgs, CO
Form 990 (PDF)
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Figures match the IRS filing checked 8/30/26 · see original: IRS
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Size
$1–10M
What they do
Ignites student passion for Jesus through worship, academics, missions, leadership, and adventure.
Leadership
Davey Glenn · Board Member
Money in and out
$3.1M revenue, $2.3M expenses
Bottom line
+26% operating surplus
Financial scale & money flow · FY2025
Total revenue
$3.1M
Pt VIII · Ln 12
Total expenses
$2.3M
Pt IX · Ln 25
Net assets
$930K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $791K
Where spending went · Part IX cols B–D
Program services $0.56 Management & general $0.44
Operating surplus
+26%
revenue over expenses, this legal entity▲ ×15 vs prior filing year
Payroll share
56%
of this entity's spending is salaries & benefits▼ -14% vs prior filing year
Program spending
56%
of expenses reach program services▼ -4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$3.1M
FY2025▲ +78%
Expenses
$2.3M
FY2025▲ +30%
Total assets
$1.0M
FY2025▲ +196%
Total liabilities
$112K
FY2025▲ +21%
Total revenue
$3.1M
Pt VIII · Ln 12
Total expenses
$2.3M
Pt IX · Ln 25
Net assets
$930K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$791K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B56%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUniversity Schools
EINHdr · item D20-4574040
Principal addressHdr · item CColorado Spgs, CO
WebsiteHdr · item Jwww.the-us.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B20)
Ruling yearIRS BMFMar 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Head Administrator
$0Pt VII · Sec A
Chair of the Board
$0Pt VII · Sec A
Administrator of Business
$0Pt VII · Sec A

Jennifer Sutherland’s $62K as Head Administrator is at the 11th percentile of top reported officer pay among 3393 $1–10M 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 · 8 named individuals · Part VII

NameFY2022FY2021FY2020
Ryan Hewitt$74,228
Jeffrey Cooper$73,676
Jennifer Sutherland$62,500$64,748$16,761
Jacob Busby$48,925$52,183$40,187
Jonathan Puckett$45,821
Julie Drago$40,471
Kristi Glaze$37,425$29,725
Shayla Hintz$18,713

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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Mission & Programs · Part III

Where the work happens

3 program services account for $1.3M of program spending, described in the organization's own filed words · FY2024.
01

Academic Program

Our first priority is to help young people, K4-12th grades, grow in the Christian faith. To accomplish this goal, we partner with our parents in the education process. Parents and students follow teacher provided lesson plans for Monday and Friday at home days. Tuesday through Thursday are at school days.

$1.3Mprogram expense
02

Adventure Program

The Adventure Program is designed to teach students multiple outdoor disciplines and leadership skills that can be carried throughout life. Our vision is to cultivate lifelong servant leaders,united as a team to become more like Christ and strive to build skills that empower students to live adventurously in Gods creation.

$13Kprogram expense
03

Theater Program

The theater program trains students to use talents in acting and singing to build confidence and performance experience. Students are encouraged to use their God-given gifts to bless audiences. The skills they learn equip them to communicate effectively and confidently.

$3Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$1.5M · 49%
Contributions & grants$1.4M · 46%
Other revenue$152K · 5%
Program service revenue49%$1.5M
Contributions & grants46%$1.4M
Other revenue5%$152K
Total revenueLn 12$3.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.56 Management & general $0.44
Program services56%$1.3M
Management & general44%$993K
Total functional expensesLn 25$2.3M

Balance Sheet

Part X · end of year
CashLn 1$677K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$112K
Total net assetsLn 32$930K
Months of cash on handcomputed3.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $677K · Operating expenses/yr $2.3M
3.6 months
Where the money goes
Program services
Program services $1.3M · Total expenses $2.3M
56%
Management & General
Management & general $993K · Total expenses $2.3M
44%
Fundraising
Fundraising $0 · Total expenses $2.3M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $530K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.4M · Total revenue $3.1M
46%
Government reliance
Government grants — · Total revenue $3.1M
Earned-income share
Program service revenue $1.5M · Total revenue $3.1M
49%
Investment reliance
Investment income $0 · Total revenue $3.1M
0%
Program self-sufficiency
Program service revenue $1.5M · Total expenses $2.3M
65%
Growth & trend
Revenue growth (YoY)
This year $3.1M · Prior year $1.7M
+78%
Revenue CAGR
FY2019 $1.6M · FY2024 $3.1M
+14%
Net-asset trend (YoY)
End of year $930K · Beginning of year $259K
+259%
Balance sheet
Surplus Margin
Revenue $3.1M · Expenses $2.3M
+26%
Liabilities-to-Assets
Total liabilities $112K · Total assets $1.0M
11%
Net-asset ratio
Net assets $930K · Total assets $1.0M
89%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Davey Glenn · Reported title Board member · Highest reported compensation $0 · Total expenses $2.3M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.3M · Total expenses $2.3M
56%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 56%
Overhead ratio 44%
Fundraising cost ratio 0%
Revenue growth 78%
Legal fee ratio 1%
Accounting fee ratio 0.09%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 1 grant · $45K · 2019–2019
Unitemized GrantFY2019$44,888

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$3.1M revenue · viewing · ⤓ 990 PDF
FY2024$1.7M revenue · ⤓ 990 PDF
FY2023$1.4M revenue · ⤓ 990 PDF
FY2022$1.4M revenue · ⤓ 990 PDF
FY2021$1.4M revenue · ⤓ 990 PDF
FY2020$1.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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