Koson Schools FY2022 filing

Tax-deductible

Highlands Ranch, CO501(c)(3)Since 2021EducationEIN 27-4878116

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Charter school to provide education to students in grades K-12.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$630K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

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
4 of 5
filings with a surplus
Average surplus $675K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$630K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$18.4M
+3% vs prior year
Spent
$16.7M
To programs
77%
Net assets
$16.0M
By yearFY2021–FY2025
Revenue
$18.4M
FY2022▲ +3%
Revenue by fiscal year
FY2021$17.9M
FY2022$18.4M
FY2023$17.8M
FY2024$21.0M
FY2025$21.7M
Expenses
$16.7M
FY2022▲ +6%
Expenses by fiscal year
FY2021$15.7M
FY2022$16.7M
FY2023$17.0M
FY2024$19.4M
FY2025$24.5M
Net assets
$16.0M
FY2022▲ +12%
Net assets by fiscal year
FY2021$14.3M
FY2022$16.0M
FY2023$16.8M
FY2024$18.2M
FY2025$15.8M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2021.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $12.8M Management & general 23% · $3.9M

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

12 people listed on the 990; $630K 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
$323,483Pt VII · Sec A
Chief Financial Officer
$173,761Pt VII · Sec A
Chief Operating Officer
$132,305Pt VII · Sec A
President/Chair
$0Pt VII · Sec A
Vice President/Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Matt Cartier’s $213K as Chief Innovation Officer is at the 42nd 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 · 8 named individuals · Part VII

NameFY2025FY2023FY2022FY2021
Dr Penelope Eucker—$206,751$323,483$337,885
Matt Cartier$213,010———
Star Ake$184,615$183,949$173,761$174,280
Robert Hoornstra—$166,364$132,305$146,615
Lynann Kovalesky$160,148$118,909——
Dr Karen Johnson—$156,501——
William C Damour$140,363———
Michael Pritchard$139,780$116,575——

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 Koson Schools 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

Educates K-12 students through a charter school.

Provided by the organization

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1 program service account for $12.8M of program spending, described in the organization's own filed words · FY2021.
01

Provide education to approximately 1631 students in grades K - 12.

$12.8Mprogram 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 · FY2020
RootedFY2020$30K
Total grants receivedfrom 1 funder$30K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$18.4M
Ln 12
Fees for servicesLn 2g$16.8M
Gifts and grantsLn 1h$1.4M
Other incomeLn 4–11$169K
Money outPt IX
$16.7M
Ln 25
Programscol B$12.8M
Managementcol C$3.9M
Owns and owesPt X
$16.0M
net assets · Ln 32
Cash and savingsLn 1–2$13.4M
Total assetsLn 16$17.2M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
12
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$1.4M
Fees for servicesLn 2g$16.8M
Investment incomeLn 3$31K
Other incomeLn 4–11$169K
Total revenueLn 12$18.4M
Assets in detailPt X, end of year
SavingsLn 2$13.4M
Cash and savings togetherLn 1–2$13.4M
Land, buildings, equipmentLn 10c$3.6M
Other assetsLn 15$27K
Total assetsLn 16$17.2M
LiabilitiesLn 26$1.2M
Net assetsLn 32$16.0M
OperationsPt I, VI
EmployeesI 5226
VolunteersI 61,500
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$12.0M$13.4M
Land, buildings, equipmentLn 10c$3.4M$3.6M
Total assetsLn 16$15.6M$17.2M
LiabilitiesLn 26$1.3M$1.2M
Net assetsLn 32$14.3M$16.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$676K$676K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$8.4M$6.7M$1.7M
Pension plan contributionsLn 8$2.0M$1.7M$243K
Other employee benefitsLn 9$697K$582K$114K
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$41K$41K
Accounting feesLn 11c$29K$29K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$98K$24K$73K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$44K$44K
Information technologyLn 14$143K$143K
RoyaltiesLn 15$0
OccupancyLn 16$2.6M$1.9M$640K
TravelLn 17$831$831
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$5K$5K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$256K$256K
InsuranceLn 23$138K$23K$115K
Other expenses (24a–d)Ln 24$1.5M$1.4M$140K
All other expensesLn 24e$74K$240$73K
Total functional expensesLn 25$16.7M$12.8M$3.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $21.7M$24.5M−$2.8M$15.8M 990 PDF
FY2024 $21.0M$19.4M$1.5M$18.2M 990 PDF
FY2023 $17.8M$17.0M$791K$16.8M 990 PDF
FY2022 Viewing $18.4M$16.7M$1.8M$16.0M 990 PDF
FY2021 $17.9M$15.7M$2.1M$14.3M 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 $18,442,277 across 8 lines filed
VIII-1e Government grants$1,404,989
VIII-1f All other contributions, gifts and grants$19,131
VIII-1h Total contributions, gifts and grants$1,424,120
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,817,939$16,817,939
VIII-3 Investment incomeExcluded from tax $30,886$30,886
VIII-6 Net rental income or lossExcluded from tax $16,500$16,500
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $152,832$152,832
VIII-12 Total revenueRelated to mission $16,970,771 · Excluded from tax $47,386$18,442,277
Part IX · Statement of functional expenses $16,674,611 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $675,810$675,810
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $6,684,366 · Management $1,698,421$8,382,787
IX-8 Pension plan contributionsPrograms $1,731,275 · Management $243,002$1,974,277
IX-9 Other employee benefitsPrograms $582,462 · Management $114,197$696,659
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesManagement $40,538$40,538
IX-11c Accounting feesManagement $28,983$28,983
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $24,349 · Management $73,179$97,528
IX-12 Advertising and promotionManagement $14,009$14,009
IX-13 Office expensesManagement $43,760$43,760
IX-14 Information technologyPrograms $142,708$142,708
IX-15 Royalties$0
IX-16 OccupancyPrograms $1,917,819 · Management $639,606$2,557,425
IX-17 TravelManagement $831$831
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $5,486$5,486
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $256,102$256,102
IX-23 InsurancePrograms $23,137 · Management $114,825$137,962
IX-24 Other expenses (24a–d)Programs $1,406,012 · Management $140,068$1,546,080
IX-24e All other expensesPrograms $240 · Management $73,426$73,666
IX-25 Total functional expensesPrograms $12,768,470 · Management $3,906,141 · Fundraising $0$16,674,611
Part X · Balance sheet $17,222,668 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $11,969,754$13,426,170
X-4 Accounts receivableStart of year $34,851$82,465
X-9 Prepaid expenses and deferred chargesStart of year $18,267$59,656
X-10c Land, buildings and equipment, netStart of year $3,419,357$3,627,334
X-15 Other assetsStart of year $145,223$27,043
X-16 Total assetsStart of year $15,587,452$17,222,668
X-17 Accounts payable and accrued expensesStart of year $1,314,952$1,182,502
X-26 Total liabilitiesStart of year $1,314,952$1,182,502
X-32 Total net assets or fund balancesStart of year $14,272,500$16,040,166
X-33 Total liabilities and net assetsStart of year $15,587,452$17,222,668
Part XI · Reconciliation of net assets $16,040,166 net assets at year end
XI-1 Total revenue$18,442,277
XI-2 Total expenses$16,674,611
XI-3 Revenue less expenses$1,767,666
XI-4 Net assets at start of year$14,272,500
XI-10 Net assets at end of year$16,040,166

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

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