Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2012.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
62 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
6 people listed on the 990; $118K paid to officers and key staff.
Wendy Noel’s $141K as Principal is at the 59th 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 · 3 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Wendy Noel | $141,293 | $128,086 | $118,345 | $111,714 |
| Lisa Wick | $107,612 | — | — | — |
| John Waters | $106,794 | — | — | — |
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 Two Roads Charter School executive salaries →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
Two Roads Charter School is an education nonprofit based in Arvada, CO, formed in 2010.
Questions for Two Roads Charter School
Your first name shows with your question. Two Roads Charter School answers here, for everyone.
Education of K-12 students.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.1M | $2.1M |
| InvestmentsLn 11–13 | $0 | $0 |
| Land, buildings, equipmentLn 10c | $3.9M | $4.2M |
| Total assetsLn 16 | $7.4M | $7.9M |
| LiabilitiesLn 26 | $9.7M | $9.4M |
| Net assetsLn 32 | −$2.2M | −$1.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | $0 | ||
| Grants to domestic individualsLn 2 | $0 | $0 | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | $0 | ||
| Benefits paid to or for membersLn 4 | $0 | $0 | ||
| Pay of current officers, directors and key staffLn 5 | $0 | $0 | $0 | $0 |
| Pay of disqualified personsLn 6 | $0 | $0 | $0 | $0 |
| Other salaries and wagesLn 7 | $3.1M | $2.3M | $817K | $0 |
| Pension plan contributionsLn 8 | $0 | $0 | $0 | $0 |
| Other employee benefitsLn 9 | $879K | $657K | $222K | $0 |
| Payroll taxesLn 10 | $0 | $0 | $0 | $0 |
| Management feesLn 11a | $0 | $0 | $0 | $0 |
| Legal feesLn 11b | $0 | $0 | $0 | $0 |
| Accounting feesLn 11c | $0 | $0 | $0 | $0 |
| Lobbying feesLn 11d | $0 | $0 | $0 | $0 |
| Professional fundraising feesLn 11e | $0 | $0 | ||
| Investment management feesLn 11f | $0 | $0 | $0 | $0 |
| Other fees for servicesLn 11g | $50K | $0 | $50K | $0 |
| Advertising and promotionLn 12 | $8K | $0 | $8K | $0 |
| Office expensesLn 13 | $0 | $0 | $0 | $0 |
| Information technologyLn 14 | $52K | $0 | $52K | $0 |
| RoyaltiesLn 15 | $0 | $0 | $0 | $0 |
| OccupancyLn 16 | $0 | $0 | $0 | $0 |
| TravelLn 17 | $0 | $0 | $0 | $0 |
| Travel and entertainment for public officialsLn 18 | $0 | $0 | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $0 | $0 | $0 | $0 |
| InterestLn 20 | $75K | $0 | $75K | $0 |
| Payments to affiliatesLn 21 | $0 | $0 | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $150K | $0 | $150K | $0 |
| InsuranceLn 23 | $42K | $0 | $42K | $0 |
| Other expenses (24a–d)Ln 24 | $1.2M | $711K | $529K | $0 |
| All other expensesLn 24e | $230K | $0 | $230K | $0 |
| Total functional expensesLn 25 | $5.8M | $3.6M | $2.2M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Apr 21, 2026 | $7.0M | $7.1M | −$152K | −$1.7M | 990 PDF |
| FY2024Filed with the IRS Apr 3, 2025 | $6.5M | $6.4M | $13K | −$1.5M | 990 PDF |
| FY2023 ViewingFiled with the IRS May 11, 2024 | $6.5M | $5.8M | $696K | −$1.5M | 990 PDF |
| FY2022Filed with the IRS May 13, 2023 | $5.9M | $3.8M | $2.1M | −$2.2M | 990 PDF |
| FY2021Filed with the IRS May 11, 2022 | $4.7M | $3.1M | $1.6M | −$4.3M | 990 PDF |
Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $6,491,233 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 4 to look at
Part VIII · Statement of revenue $6,491,233 across 16 lines filed
Part IX · Statement of functional expenses $5,795,106 across 31 lines filed
Part X · Balance sheet $7,889,651 assets, 22 lines filed
Part XI · Reconciliation of net assets −$1,534,300 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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