Stone Creek Elementary FY2022 filing

Tax-deductible

Edwards, CO501(c)(3)EducationEIN 20-4596400

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To provide a revolutionary learning experience for children grades k through 8.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$80K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
5 of 5
filings with a surplus
Average surplus $600K a year · 14% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$80K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $188
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.5M
164% of total assets
Concern: liabilities are 164% 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
$3.7M
+7% vs prior year
Spent
$2.6M
To programs
83%
Net assets
−$2.1M
By yearFY2021–FY2025
Revenue
$3.7M
FY2022▲ +7%
Revenue by fiscal year
FY2021$3.4M
FY2022$3.7M
FY2023$4.1M
FY2024$5.0M
FY2025$5.4M
Expenses
$2.6M
FY2022▲ +20%
Expenses by fiscal year
FY2021$2.1M
FY2022$2.6M
FY2023$4.0M
FY2024$4.5M
FY2025$5.4M
Net assets
−$2.1M
FY2022▲ +35%
Net assets by fiscal year
FY2021−$3.3M
FY2022−$2.1M
FY2023−$2.0M
FY2024−$1.6M
FY2025−$1.6M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Aug 2009.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $2.1M Management & general 17% · $436K

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; $80K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$79,519Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Siri Deforest Reynolds’s $103K as Executive Director is at the 33rd percentile of top reported officer pay among 3394 $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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022
Siri Deforest Reynolds$102,994$112,944$89,757$79,519

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.

See Stone Creek Elementary executive salaries →

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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

Offers a revolutionary learning experience for children in grades K-8.

Provided by the organization

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1 program service account for $2.1M of program spending, described in the organization's own filed words · FY2021.
01

The school is a public school of choice offering a rigorous core knowledge curriculum to children in eagle county in grades K through 8.

$2.1Mprogram expense

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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$188

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.7M
Ln 12
Fees for servicesLn 2g$3.2M
Gifts and grantsLn 1h$504K
Other incomeLn 4–11$4K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.1M
Managementcol C$436K
Owns and owesPt X
−$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$3.4M
LiabilitiesLn 26$5.5M
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$504K
Government grantsLn 1e$456K
Fees for servicesLn 2g$3.2M
Investment incomeLn 3$3K
Other incomeLn 4–11$4K
Total revenueLn 12$3.7M
Assets in detailPt X, end of year
CashLn 1$1.7M
Cash and savings togetherLn 1–2$1.7M
Land, buildings, equipmentLn 10c$825K
Other assetsLn 15$648K
Total assetsLn 16$3.4M
LiabilitiesLn 26$5.5M
Net assetsLn 32−$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$305K$1.7M
Land, buildings, equipmentLn 10c$80K$825K
Total assetsLn 16$3.0M$3.4M
LiabilitiesLn 26$6.3M$5.5M
Net assetsLn 32−$3.3M−$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$109K$82K$27K
Other salaries and wagesLn 7$1.8M$1.5M$264K
Pension plan contributionsLn 8−$809K−$683K−$126K
Other employee benefitsLn 9$301K$254K$47K
Payroll taxesLn 10$26K$22K$4K
Legal feesLn 11b$795$795
Accounting feesLn 11c$72K$72K
Other fees for servicesLn 11g$7K$7K
Advertising and promotionLn 12$5K$4K$749
Office expensesLn 13$18K$15K$3K
OccupancyLn 16$214K$182K$32K
InterestLn 20$53K$45K$8K
Depreciation, depletion and amortizationLn 22$314K$267K$47K
InsuranceLn 23$27K$23K$4K
Other expenses (24a–d)Ln 24$430K$386K$44K
All other expensesLn 24e$24K$24K$574
Total functional expensesLn 25$2.6M$2.1M$436K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.4M$5.4M$49−$1.6M 990 PDF
FY2024 $5.0M$4.5M$447K−$1.6M 990 PDF
FY2023 $4.1M$4.0M$101K−$2.0M 990 PDF
FY2022 Viewing $3.7M$2.6M$1.1M−$2.1M 990 PDF
FY2021 $3.4M$2.1M$1.3M−$3.3M 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $3,690,959 across 7 lines filed
VIII-1e Government grants$456,073
VIII-1f All other contributions, gifts and grants$47,806
VIII-1h Total contributions, gifts and grants$503,879
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,179,190$3,179,190
VIII-3 Investment incomeExcluded from tax $3,417$3,417
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,473$4,473
VIII-12 Total revenueRelated to mission $3,183,663 · Unrelated business $0 · Excluded from tax $3,417$3,690,959
Part IX · Statement of functional expenses $2,552,241 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $82,123 · Management $27,374$109,497
IX-7 Other salaries and wagesPrograms $1,495,686 · Management $263,945$1,759,631
IX-8 Pension plan contributionsPrograms −$682,977 · Management −$126,101−$809,078
IX-9 Other employee benefitsPrograms $253,676 · Management $46,837$300,513
IX-10 Payroll taxesPrograms $21,672 · Management $4,002$25,674
IX-11b Legal feesManagement $795$795
IX-11c Accounting feesManagement $72,433$72,433
IX-11g Other fees for servicesManagement $7,180$7,180
IX-12 Advertising and promotionPrograms $4,242 · Management $749$4,991
IX-13 Office expensesPrograms $15,293 · Management $2,699$17,992
IX-16 OccupancyPrograms $182,036 · Management $32,124$214,160
IX-20 InterestPrograms $44,985 · Management $7,939$52,924
IX-22 Depreciation, depletion and amortizationPrograms $267,012 · Management $47,120$314,132
IX-23 InsurancePrograms $22,942 · Management $4,049$26,991
IX-24 Other expenses (24a–d)Programs $385,914 · Management $44,181$430,095
IX-24e All other expensesPrograms $23,737 · Management $574$24,311
IX-25 Total functional expensesPrograms $2,116,341 · Management $435,900 · Fundraising $0$2,552,241
Part X · Balance sheet $3,359,673 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $304,527$1,725,988
X-3 Pledges and grants receivable$73,423
X-4 Accounts receivableStart of year $92,974$51,877
X-9 Prepaid expenses and deferred chargesStart of year $1,243,556$35,614
X-10c Land, buildings and equipment, netStart of year $80,285$824,632
X-15 Other assetsStart of year $22,543$648,139
X-16 Total assetsStart of year $3,044,002$3,359,673
X-17 Accounts payable and accrued expensesStart of year $1,779$2,090
X-19 Deferred revenueStart of year $1,896,860$21,140
X-24 Unsecured notes and loans payableStart of year $4,420,632$838,944
X-25 Other liabilitiesStart of year $0$4,634,050
X-26 Total liabilitiesStart of year $6,319,271$5,496,224
X-27 Net assets without donor restrictionsStart of year −$3,275,269−$2,273,951
X-28 Net assets with donor restrictions$137,400
X-32 Total net assets or fund balancesStart of year −$3,275,269−$2,136,551
X-33 Total liabilities and net assetsStart of year $3,044,002$3,359,673
Part XI · Reconciliation of net assets −$2,136,551 net assets at year end
XI-1 Total revenue$3,690,959
XI-2 Total expenses$2,552,241
XI-3 Revenue less expenses$1,138,718
XI-4 Net assets at start of year−$3,275,269
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$2,136,551

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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