Silver Spruce Academy INC FY2022 filing

Tax-deductible

Bayfield, CO501(c)(3)EducationEIN 46-3555425

Silver SPRUCE Academy provides educational enrichment programs and courses to students and families throughout the Four Corners Area, in collaboration with other educational organizations. SPRUCE stands for Supplemental Program and Resources Utilitized in Curriculum Education.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$53K 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
2 of 4
filings with a surplus
Average surplus $13K a year · 5% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$53K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $54
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$132K
45% of total assets
Looks good: liabilities are 45% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$211K
+20% vs prior year
Spent
$189K
To programs
79%
Net assets
$161K
By yearFY2021–FY2025
Revenue
$211K
FY2022▲ +20%
Revenue by fiscal year
FY2021$176K
FY2022$211K
FY2023$270K
FY2024$302K
FY2025$223K
Expenses
$189K
FY2022
Expenses by fiscal year
FY2021Not on file
FY2022$189K
FY2023$287K
FY2024$249K
FY2025$228K
Net assets
$161K
FY2022▲ +16%
Net assets by fiscal year
FY2021$139K
FY2022$161K
FY2023$144K
FY2024$198K
FY2025$192K

From the FY2022 Form 990 (year ending June 2022) · 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 Sep 2014.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $149K Management & general 16% · $31K Fundraising 5% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990; $53K 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 Dir.
$52,808Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Pres/Sec
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Natalie Horn-Howard’s $73K as Executive Di is at the 65th percentile of top reported officer pay among 1613 $100K–1M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2022FY2021
Natalie Horn-Howard$72,716$71,384——
Natalie Howard——$52,808$48,690

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 Silver Spruce Academy INC 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 15aYes

Programs and updates

Offers educational enrichment programs and courses to students and families.

Provided by the organization

This section is blank until Silver Spruce Academy INC claims this page.

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1 program service account for $149K of program spending, described in the organization's own filed words · FY2021.
01

How grateful SPRUCE is for the $130,000 in Capital Campaign Donations received to date towards our construction of our SPRUCE Community Learning Campus from our community, contracting through Mountain Middle School and the Charter School Institute for our PPR CDE State Funding to 40 students, working with 83 volunteers w/ over 325 hours…

$149Kprogram 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$54

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$211K
Ln 12
Fees for servicesLn 2g$134K
Gifts and grantsLn 1h$76K
Other incomeLn 4–11$951
Money outPt IX
$189K
Ln 25
Programscol B$149K
Managementcol C$31K
Fundraisingcol D$9K
Owns and owesPt X
$161K
net assets · Ln 32
Cash and savingsLn 1–2$81K
Total assetsLn 16$292K
LiabilitiesLn 26$132K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$76K
Government grantsLn 1e$17K
Noncash giftsLn 1g$24K
Fees for servicesLn 2g$134K
Investment incomeLn 3$96
Other incomeLn 4–11$951
Gains on assetsLn 7$0
Total revenueLn 12$211K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$77K
Cash and savings togetherLn 1–2$81K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$178K
Other assetsLn 15$32K
Total assetsLn 16$292K
LiabilitiesLn 26$132K
Net assetsLn 32$161K
OperationsPt I, VI
EmployeesI 55
VolunteersI 683
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$92K$81K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$178K$178K
Total assetsLn 16$288K$292K
LiabilitiesLn 26$148K$132K
Net assetsLn 32$139K$161K
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$57K$45K$9K$3K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$37K$30K$6K$2K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$8K$6K$1K$382
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$2K$2K$298$99
Office expensesLn 13$83$66$13$4
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$21K$17K$3K$1K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$5K$4K$824$275
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$6K$5K$903$301
InsuranceLn 23$7K$6K$1K$350
Other expenses (24a–d)Ln 24$30K$24K$5K$2K
All other expensesLn 24e$13K$10K$2K$650
Total functional expensesLn 25$189K$149K$31K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $223K$228K−$5K$192K 990 PDF
FY2024 $302K$249K$52K$198K 990 PDF
FY2023 $270K$287K−$17K$144K 990 PDF
FY2022 Viewing $211K$189K$22K$161K 990 PDF
FY2021 $176K$139K 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 $210,712 across 12 lines filed
VIII-1e Government grants$16,602
VIII-1f All other contributions, gifts and grants$59,078
VIII-1g Noncash contributions (included above)$24,169
VIII-1h Total contributions, gifts and grants$75,680
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $133,985$133,985
VIII-3 Investment incomeRelated to mission $96$96
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 $904$904
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $47$47
VIII-12 Total revenueRelated to mission $134,128 · Excluded from tax $904$210,712
Part IX · Statement of functional expenses $189,068 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 $45,367 · Management $8,507 · Fundraising $2,835$56,709
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $29,698 · Management $5,569 · Fundraising $1,856$37,123
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $6,116 · Management $1,147 · Fundraising $382$7,645
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $2,665$2,665
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $1,590 · Management $298 · Fundraising $99$1,987
IX-13 Office expensesPrograms $66 · Management $13 · Fundraising $4$83
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $16,990 · Management $3,186 · Fundraising $1,062$21,238
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $4,395 · Management $824 · Fundraising $275$5,494
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $4,817 · Management $903 · Fundraising $301$6,021
IX-23 InsurancePrograms $5,607 · Management $1,052 · Fundraising $350$7,009
IX-24 Other expenses (24a–d)Programs $24,044 · Management $4,508 · Fundraising $1,503$30,055
IX-24e All other expensesPrograms $10,431 · Management $1,958 · Fundraising $650$13,039
IX-25 Total functional expensesPrograms $149,121 · Management $30,630 · Fundraising $9,317$189,068
Part X · Balance sheet $292,486 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $5,341$4,598
X-2 Savings and temporary cash investmentsStart of year $87,131$76,696
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $388$885
X-10c Land, buildings and equipment, netStart of year $178,106$178,081
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $1,288$515
X-15 Other assetsStart of year $15,372$31,711
X-16 Total assetsStart of year $287,626$292,486
X-17 Accounts payable and accrued expensesStart of year $4,185$4,003
X-26 Total liabilitiesStart of year $148,287$131,503
X-27 Net assets without donor restrictionsStart of year $139,339$160,983
X-32 Total net assets or fund balancesStart of year $139,339$160,983
X-33 Total liabilities and net assetsStart of year $287,626$292,486
Part XI · Reconciliation of net assets $160,983 net assets at year end
XI-1 Total revenue$210,712
XI-2 Total expenses$189,068
XI-3 Revenue less expenses$21,644
XI-4 Net assets at start of year$139,339
XI-10 Net assets at end of year$160,983

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

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