Highlands Classical Academy FY2020 filing

Tax-deductible

Lakewood, CO501(c)(3)Since 2011EducationEIN 45-5175785

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Augustine Classical Academy exists to partner with families in providing an education that is Classical and christian; to equip students to know, love, and practice what is true, good, and beautiful; (continued on schedule o)and to challenge them to strive for excellence as they live for the glory of god and the good of all people.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$70K 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

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $517K a year · 26% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$70K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $253K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$180K
65% of total assets
Fine: liabilities are 65% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$872K
Spent
$825K
To programs
95%
Net assets
$95K
By yearFY2020–FY2024
Revenue
$872K
FY2020
Revenue by fiscal year
FY2020$872K
FY2021$1.1M
FY2022$1.6M
FY2023$1.6M
FY2024$4.6M
FY2024$3.8M
Expenses
$825K
FY2020
Expenses by fiscal year
FY2020$825K
FY2021$1.0M
FY2022$1.4M
FY2023$1.9M
FY2024$2.1M
FY2024$3.2M
Net assets
$95K
FY2020
Net assets by fiscal year
FY2020$95K
FY2021$211K
FY2022$373K
FY2023$142K
FY2024$2.6M
FY2024$3.2M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2012.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $784K Management & general 5% · $41K

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

10 people listed on the 990; $70K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Head of School
$70,000Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Vicechair
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Ex Oficio
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

David Leedy’s $123K as Executive Director is at the 48th percentile of top reported officer pay among 3395 $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 · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
David Leedy$123,000—————
David Leedy—$110,000————
Nathaniel J Ahern——$65,497$70,369$73,490$70,000
Brian Brown$12,857—————

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 15aYes

Programs and updates

Provides educational programs for students from preschool through twelfth grade.

Provided by the organization

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3 program services account for $784K of program spending, described in the organization's own filed words · FY2019.
01

ACA enrolled and educated approximately 120 students in grades ECE-12 in alignment with our mission.

$763Kprogram expense
02

ACA engaged families to participate in the education of their children

$18Kprogram expense
03

ACA provided additional enrichment and extra-curricular opportunities to students above and beyond the standard curriculum objectives.

$2Kprogram 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 · received and paid
Grants received · FY2024
Greater HorizonsFY2024$225K
Total grants receivedfrom 2 funders$253K
Grants paid · 1 grant · $537K · 2024–2024
Unitemized GrantFY2024$537,072

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$872K
Ln 12
Fees for servicesLn 2g$691K
Gifts and grantsLn 1h$175K
Other incomeLn 4–11$5K
Money outPt IX
$825K
Ln 25
Programscol B$784K
Managementcol C$41K
Owns and owesPt X
$95K
net assets · Ln 32
Cash and savingsLn 1–2$261K
Total assetsLn 16$275K
LiabilitiesLn 26$180K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$175K
Fundraising eventsLn 1c$12K
Fees for servicesLn 2g$691K
Other incomeLn 4–11$5K
Gains on assetsLn 7$0
Total revenueLn 12$872K
Assets in detailPt X, end of year
CashLn 1$261K
SavingsLn 2$0
Cash and savings togetherLn 1–2$261K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$275K
LiabilitiesLn 26$180K
Net assetsLn 32$95K
OperationsPt I, VI
EmployeesI 567
VolunteersI 655
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 FY20End FY20
Cash and savingsLn 1–2$77K$261K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$78K$275K
LiabilitiesLn 26$29K$180K
Net assetsLn 32$49K$95K
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$70K$70K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$476K$476K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$12K$12K
Payroll taxesLn 10$38K$38K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$15K$2K$13K
Information technologyLn 14$1K$1K
RoyaltiesLn 15$0
OccupancyLn 16$126K$113K$13K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$63K$63K
All other expensesLn 24e$9K$7K$1K
Total functional expensesLn 25$825K$784K$41K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $4.6M$2.1M$2.5M$2.6M 990 PDF
FY2023 $1.6M$1.9M−$231K$142K 990 PDF
FY2022 $1.6M$1.4M$162K$373K 990 PDF
FY2021 $1.1M$1.0M$116K$211K 990 PDF
FY2020 Viewing $872K$825K$47K$95K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $871,564 across 11 lines filed
Lines not itemized here account for $2,403 of total revenue; see the IRS return.
VIII-1c Fundraising events$12,295
VIII-1f All other contributions, gifts and grants$163,190
VIII-1h Total contributions, gifts and grants$175,485
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $691,115$691,115
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $631$631
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,930$1,930
VIII-12 Total revenueRelated to mission $693,045 · Excluded from tax $3,034$871,564
Part IX · Statement of functional expenses $825,051 across 31 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 staffPrograms $70,000$70,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $476,221$476,221
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $11,955$11,955
IX-10 Payroll taxesPrograms $38,246$38,246
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $1,830$1,830
IX-12 Advertising and promotionManagement $1,483$1,483
IX-13 Office expensesPrograms $1,817 · Management $13,426$15,243
IX-14 Information technologyPrograms $1,011$1,011
IX-15 Royalties$0
IX-16 OccupancyPrograms $113,016 · Management $12,557$125,573
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $1,781$1,781
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $9,970$9,970
IX-24 Other expenses (24a–d)Programs $63,035$63,035
IX-24e All other expensesPrograms $7,244 · Management $1,459$8,703
IX-25 Total functional expensesPrograms $784,326 · Management $40,725 · Fundraising $0$825,051
Part X · Balance sheet $275,315 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $77,154$260,871
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $604$1,888
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$12,556
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $77,758$275,315
X-19 Deferred revenueStart of year $24,275$71,038
X-24 Unsecured notes and loans payable$102,612
X-25 Other liabilitiesStart of year $4,756$6,425
X-26 Total liabilitiesStart of year $29,031$180,075
X-27 Net assets without donor restrictionsStart of year $48,727$95,240
X-32 Total net assets or fund balancesStart of year $48,727$95,240
X-33 Total liabilities and net assetsStart of year $77,758$275,315
Part XI · Reconciliation of net assets $95,240 net assets at year end
XI-1 Total revenue$871,564
XI-2 Total expenses$825,051
XI-3 Revenue less expenses$46,513
XI-4 Net assets at start of year$48,727
XI-10 Net assets at end of year$95,240

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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