Golden View Classical Academy FY2021 filing

Tax-deductible

Golden, CO501(c)(3)Since 2014EducationEIN 46-5744055Revenue $7.5M in FY2021

On file with the IRSgoldenviewclassical.org601 Corporate Circle, 80401-5607 · Golden, COTax-exempt since Aug 2014School — 170(b)(1)(A)(ii)

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501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
$138K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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 $703K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$138K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $738
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$25.0M
125% of total assets
Concern: liabilities are 125% 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
$7.5M
-51% vs prior year
Spent
$13.7M
To programs
69%
Net assets
−$5.1M
By yearFY2020–FY2024
Revenue
$7.5M
FY2021▼ -51%
Tap a bar for its year
Revenue by fiscal year
FY2020$15.3M
FY2021$7.5M
FY2022$8.3M
FY2023$9.5M
FY2024$10.0M
FY2024$10.9M
Expenses
$13.7M
FY2021▲ +58%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.7M
FY2021$13.7M
FY2022$6.3M
FY2023$9.1M
FY2024$9.2M
FY2024$10.2M
Net assets
−$5.1M
FY2021▼ -529%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021−$5.1M
FY2022−$3.0M
FY2023−$2.7M
FY2024−$1.9M
FY2024−$1.3M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Aug 2014.

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

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $9.5M Management & general 31% · $4.2M

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; $138K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$138,236Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A

Dr Robert Garrow’s $179K as Principal is at the 28th 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 · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Dr Robert Garrow$179,209$164,236$157,346$133,665$138,236$131,997
Cortney Crouch$142,759$139,108$134,934$99,490——
Timm Petersen$126,188—————
Anna Keating$101,881—————
Sarah Kiesewetter$100,413—————

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 classical education to K-12 students.

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Provided by the organization

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1 program · $9.5M · in their own filed words · FY2020
01

Provision of education to 695 students from K to 12 in fiscal year 2020-2021.

$9.5Mprogram expense

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$738

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$7.5M
Ln 12
Fees for servicesLn 2g$6.4M
Gifts and grantsLn 1h$956K
Other incomeLn 4–11$108K
Money outPt IX
$13.7M
Ln 25
Programscol B$9.5M
Managementcol C$4.2M
Owns and owesPt X
−$5.1M
net assets · Ln 32
Cash and savingsLn 1–2$5.0M
Total assetsLn 16$20.0M
LiabilitiesLn 26$25.0M
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$956K
Government grantsLn 1e$914K
Fees for servicesLn 2g$6.4M
Investment incomeLn 3$6K
Other incomeLn 4–11$108K
Total revenueLn 12$7.5M
Assets in detailPt X, end of year
CashLn 1$1.8M
SavingsLn 2$3.1M
Cash and savings togetherLn 1–2$5.0M
Land, buildings, equipmentLn 10c$10.9M
Other assetsLn 15$4.0M
Total assetsLn 16$20.0M
LiabilitiesLn 26$25.0M
Net assetsLn 32−$5.1M
OperationsPt I, VI
EmployeesI 5127
VolunteersI 6100
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 FY21End FY21
Cash and savingsLn 1–2$7.5M$5.0M
Land, buildings, equipmentLn 10c$7.8M$10.9M
Total assetsLn 16$17.3M$20.0M
LiabilitiesLn 26$16.1M$25.0M
Net assetsLn 32$1.2M−$5.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$136K$136K
Other salaries and wagesLn 7$3.6M$2.8M$785K
Pension plan contributionsLn 8$675K$524K$151K
Other employee benefitsLn 9$308K$222K$86K
Payroll taxesLn 10$81K$55K$26K
Legal feesLn 11b$42K$8K$34K
Accounting feesLn 11c$121K$23K$98K
Other fees for servicesLn 11g$138K$26K$112K
Advertising and promotionLn 12$14K$1K$12K
Office expensesLn 13$41K$12K$29K
Information technologyLn 14$209K$66K$143K
OccupancyLn 16$280K$46K$234K
TravelLn 17$24K$2K$21K
Depreciation, depletion and amortizationLn 22$29K$29K
InsuranceLn 23$44K$4K$40K
Other expenses (24a–d)Ln 24$8.0M$5.7M$2.3M
Total functional expensesLn 25$13.7M$9.5M$4.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $10.0M$9.2M$771K−$1.9M 990 PDF
FY2023 $9.5M$9.1M$392K−$2.7M 990 PDF
FY2022 $8.3M$6.3M$2.0M−$3.0M 990 PDF
FY2021 Viewing $7.5M$13.7M−$6.3M−$5.1M 990 PDF
FY2020 $15.3M$8.7M$6.7M$1.2M 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 FY2021 990 (6 parts)
Part I · Summary $7,462,017 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $738,872$956,362
I-9 Program service revenuePrior year $6,131,089$6,392,035
I-10 Investment incomePrior year $20,628$5,909
I-11 Other revenuePrior year $8,424,851$107,711
I-12 Total revenuePrior year $15,315,440$7,462,017
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,344,348$4,765,399
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,319,069$8,958,039
I-18 Total expensesPrior year $8,663,417$13,723,438
I-19 Revenue less expensesPrior year $6,652,023−$6,261,421
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,462,017 across 8 lines filed
VIII-1e Government grants$913,894
VIII-1f All other contributions, gifts and grants$42,468
VIII-1h Total contributions, gifts and grants$956,362
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,392,035$6,392,035
VIII-3 Investment incomeExcluded from tax $5,909$5,909
VIII-8 Net income from fundraising eventsExcluded from tax −$2,104−$2,104
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $109,815$109,815
VIII-12 Total revenueRelated to mission $6,501,850 · Unrelated business $0 · Excluded from tax $3,805$7,462,017
Part IX · Statement of functional expenses $13,723,438 across 16 lines filed
IX-5 Pay of current officers, directors and key staffManagement $135,952$135,952
IX-7 Other salaries and wagesPrograms $2,780,214 · Management $784,658$3,564,872
IX-8 Pension plan contributionsPrograms $524,043 · Management $151,364$675,407
IX-9 Other employee benefitsPrograms $222,408 · Management $86,025$308,433
IX-10 Payroll taxesPrograms $54,599 · Management $26,136$80,735
IX-11b Legal feesPrograms $7,967 · Management $33,561$41,528
IX-11c Accounting feesPrograms $23,244 · Management $97,915$121,159
IX-11g Other fees for servicesPrograms $25,848 · Management $112,087$137,935
IX-12 Advertising and promotionPrograms $1,108 · Management $12,422$13,530
IX-13 Office expensesPrograms $12,037 · Management $28,743$40,780
IX-14 Information technologyPrograms $66,474 · Management $142,835$209,309
IX-16 OccupancyPrograms $46,179 · Management $233,773$279,952
IX-17 TravelPrograms $2,305 · Management $21,480$23,785
IX-22 Depreciation, depletion and amortizationManagement $29,489$29,489
IX-23 InsurancePrograms $4,293 · Management $40,010$44,303
IX-24 Other expenses (24a–d)Programs $5,746,737 · Management $2,269,532$8,016,269
IX-25 Total functional expensesPrograms $9,517,456 · Management $4,205,982 · Fundraising $0$13,723,438
Part X · Balance sheet $19,959,919 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $4,935,958$1,841,112
X-2 Savings and temporary cash investmentsStart of year $2,578,661$3,115,584
X-3 Pledges and grants receivableStart of year $67,166$157,773
X-4 Accounts receivableStart of year $7,162$6,951
X-10c Land, buildings and equipment, netStart of year $7,835,942$10,877,551
X-15 Other assetsStart of year $1,866,443$3,960,948
X-16 Total assetsStart of year $17,291,332$19,959,919
X-17 Accounts payable and accrued expensesStart of year $721,539$460,679
X-19 Deferred revenueStart of year $231,553$19,490
X-25 Other liabilitiesStart of year $3,354,471$12,757,402
X-26 Total liabilitiesStart of year $16,107,563$25,037,571
X-27 Net assets without donor restrictionsStart of year $970,769−$5,287,652
X-28 Net assets with donor restrictionsStart of year $213,000$210,000
X-32 Total net assets or fund balancesStart of year $1,183,769−$5,077,652
X-33 Total liabilities and net assetsStart of year $17,291,332$19,959,919
Part XI · Reconciliation of net assets −$5,077,652 net assets at year end
XI-1 Total revenue$7,462,017
XI-2 Total expenses$13,723,438
XI-3 Revenue less expenses−$6,261,421
XI-4 Net assets at start of year$1,183,769
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$5,077,652

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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