Colorado Digital Learning Solutions FY2022 filing

Tax-deductible

Broomfield, CO501(c)(3)Since 2015EducationEIN 47-3107215Revenue $3.1M in FY2022

On file with the IRScoloradodls.org14154 Reserve Pl, 80023-2521 · Broomfield, COTax-exempt since May 2015Publicly supported charity — 170(b)(1)(A)(vi)

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Colorado Digital Learning Solutions (CDLS) supports Colorado schools/school districts by providing supplemental online coursework to meet unique student needs. CDLS supports schools and districts by providing coursework in content areas typically not available to them such as world language, advanced science & math, and career and technical education courses. CLDS also helps school districts fill teacher shortages by providing online courses and a certified teacher until a teacher can be found.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
2 of 4
filings with a surplus
Average surplus $218K 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
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.1M
-61% vs prior year
Spent
$3.0M
To programs
94%
Net assets
$1.6M
By yearFY2021–FY2024
Revenue
$3.1M
FY2022▼ -61%
Tap a bar for its year
Revenue by fiscal year
FY2021$7.9M
FY2022$3.1M
FY2023$2.5M
FY2024$2.8M
FY2024$2.2M
Expenses
$3.0M
FY2022▼ -56%
Tap a bar for its year
Expenses by fiscal year
FY2021$6.7M
FY2022$3.0M
FY2023$2.8M
FY2024$3.0M
FY2024$2.7M
Net assets
$1.6M
FY2022▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.4M
FY2022$1.6M
FY2023$1.3M
FY2024$1.1M
FY2024$736K

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: FY2024. IRS ruling in May 2015.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $2.8M Management & general 6% · $174K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Board President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Colorado Digital Learning Solutions 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

Provides online courses to Colorado schools, filling gaps in offerings and teacher shortages.

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Provided by the organization

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2 programs · $2.8M · in their own filed words · FY2021
01

Maintained and improved online learning management system (LMS) and registration system (Genius), including updating course content and assessments, adding interactive tools/projects, and developing unique course options based on school/school district's needs.

$2.5Mprogram expense
02

Pilot and implement new courses, modified learning models based on lessons learned, and build new learning models to support teacher shortages. Limited new structures and courses were developed this fiscal year due to the need to assess performance during the large increase in student enrollments last year due to COVID.

$240Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.1M
Ln 12
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$1K
Money outPt IX
$3.0M
Ln 25
Programscol B$2.8M
Managementcol C$174K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$1.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$715K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$1K
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
CashLn 1$1.0M
SavingsLn 2$531K
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$0
Other assetsLn 15$0
Total assetsLn 16$1.6M
LiabilitiesLn 26$0
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.4M$1.6M
InvestmentsLn 11–13$0$0
Total assetsLn 16$1.4M$1.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.4M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
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$286K$198K$88K$0
Pension plan contributionsLn 8$22K$15K$7K$0
Other employee benefitsLn 9$20K$14K$6K$0
Payroll taxesLn 10$25K$17K$8K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$5K$0$5K$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$1.9M$1.9M$0$0
Advertising and promotionLn 12$9K$0$9K$0
Office expensesLn 13$5K$4K$1K$0
Information technologyLn 14$18K$15K$4K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$3K$0$3K$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$579$0$579$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$29K$0$29K$0
Other expenses (24a–d)Ln 24$579K$563K$15K$0
All other expensesLn 24e$79K$79K$0$0
Total functional expensesLn 25$3.0M$2.8M$174K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.8M$3.0M−$135K$1.1M 990 PDF
FY2023 $2.5M$2.8M−$296K$1.3M 990 PDF
FY2022 Viewing $3.1M$3.0M$145K$1.6M 990 PDF
FY2021 $7.9M$6.7M$1.2M$1.4M 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 (6 parts)
Part I · Summary $3,108,824 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,033,475$1,600,675
I-9 Program service revenuePrior year $2,857,095$1,507,115
I-10 Investment incomePrior year $0$1,034
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $7,890,570$3,108,824
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 $335,243$353,855
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,396,391$2,610,063
I-18 Total expensesPrior year $6,731,634$2,963,918
I-19 Revenue less expensesPrior year $1,158,936$144,906
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $3,108,824 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$715,000
VIII-1f All other contributions, gifts and grants$885,675
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$1,600,675
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,507,115 · Unrelated business $0 · Excluded from tax $0$1,507,115
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $1,034 · Excluded from tax $0$1,034
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $1,507,115 · Unrelated business $1,034 · Excluded from tax $0$3,108,824
Part IX · Statement of functional expenses $2,963,918 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $198,348 · Management $88,150 · Fundraising $0$286,498
IX-8 Pension plan contributionsPrograms $15,433 · Management $6,933 · Fundraising $0$22,366
IX-9 Other employee benefitsPrograms $13,973 · Management $6,277 · Fundraising $0$20,250
IX-10 Payroll taxesPrograms $17,071 · Management $7,670 · Fundraising $0$24,741
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $4,558 · Fundraising $0$4,558
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $1,883,496 · Management $0 · Fundraising $0$1,883,496
IX-12 Advertising and promotionPrograms $0 · Management $8,756 · Fundraising $0$8,756
IX-13 Office expensesPrograms $4,145 · Management $1,036 · Fundraising $0$5,181
IX-14 Information technologyPrograms $14,566 · Management $3,642 · Fundraising $0$18,208
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $2,756 · Fundraising $0$2,756
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $579 · Fundraising $0$579
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $29,014 · Fundraising $0$29,014
IX-24 Other expenses (24a–d)Programs $563,497 · Management $15,020 · Fundraising $0$578,517
IX-24e All other expensesPrograms $78,998 · Management $0 · Fundraising $0$78,998
IX-25 Total functional expensesPrograms $2,789,527 · Management $174,391 · Fundraising $0$2,963,918
Part X · Balance sheet $1,575,239 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $1,356,433$1,044,205
X-2 Savings and temporary cash investmentsStart of year $80,000$531,034
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year −$6,100$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $1,430,333$1,575,239
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,430,333$1,575,239
X-33 Total liabilities and net assetsStart of year $1,430,333$1,575,239
Part XI · Reconciliation of net assets $1,575,239 net assets at year end
XI-1 Total revenue$3,108,824
XI-2 Total expenses$2,963,918
XI-3 Revenue less expenses$144,906
XI-4 Net assets at start of year$1,430,333
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,575,239

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

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