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Addenbrooke Classical Academy INC FY2023 filing

Tax-deductible

Lakewood, CO501(c)(3)Since 2016Education EIN 80-0719145Revenue $11.1M in FY2023Latest return filed Jan 13, 2026

On file with the IRSaddenbrookeclassical.com3940 S Teller St, 80235-2213 · Lakewood, COTax-exempt since Jul 2022School — 170(b)(1)(A)(ii)

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Addenbrooke Classical Academy (aca) is a tuition-free, public k-12 charter school located in lakewood, colorado, aca utilizes an intergrated model of tradition and innovation to develop free and independent thinkers through Classical instructional strategies.

501(c)(3) charity; gifts are tax-deductible.
49¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
3 of 3
filings with a surplus
Average surplus $975K a year · 8% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$36.5M
117% of total assets
Concern: liabilities are 117% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11.1M
Spent
$8.9M
To programs
49%
Net assets
−$5.4M
By yearFY2023–FY2025
Revenue
$11.1M
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$11.1M
FY2024$12.4M
FY2025$13.4M
Expenses
$8.9M
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$8.9M
FY2024$12.2M
FY2025$12.9M
Net assets
−$5.4M
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023−$5.4M
FY2024−$5.2M
FY2025−$4.7M

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Revoked May 2014, reinstated. IRS ruling Jul 2022, per the IRS master file. Latest filing on record: FY2025. IRS ruling in Jul 2022.

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

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $4.4M Management & general 51% · $4.5M Fundraising 0% · $161

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Michael Edlen
Vice Preside
$0Pt VII · Sec A
John Byrne
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Daniel Krivoniak
Trustee Dire
$0Pt VII · Sec A
Sara Rodriguez
Board Member
$0Pt VII · Sec A
Ric Netzer
Executive Di
$0Pt VII · Sec A
Gretchen Clancey
Trustee Dire
$0Pt VII · Sec A
See Addenbrooke Classical Academy INC 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

Educates K-12 students with classical strategies, fostering independent thinkers.

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1 program · $4.4M · in their own filed words · FY2022
01

Operation of a charter school grades k-12.

$4.4Mprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$11.1M
Ln 12
Fees for servicesLn 2g$10.4M
Gifts and grantsLn 1h$636K
Other incomeLn 4–11$72K
Money outPt IX
$8.9M
Ln 25
Programscol B$4.4M
Managementcol C$4.5M
Fundraisingcol D$161
Owns and owesPt X
−$5.4M
net assets · Ln 32
Cash and savingsLn 1–2$3.0M
Total assetsLn 16$31.1M
LiabilitiesLn 26$36.5M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$636K
Government grantsLn 1e$621K
Fees for servicesLn 2g$10.4M
Investment incomeLn 3$54K
Other incomeLn 4–11$72K
Total revenueLn 12$11.1M
Assets in detailPt X, end of year
CashLn 1$3.0M
Cash and savings togetherLn 1–2$3.0M
Land, buildings, equipmentLn 10c$24.5M
Other assetsLn 15$3.6M
Total assetsLn 16$31.1M
LiabilitiesLn 26$36.5M
Net assetsLn 32−$5.4M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$24.4M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$25.3M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.8M$3.0M
Land, buildings, equipmentLn 10c$25.5M$24.5M
Total assetsLn 16$30.8M$31.1M
LiabilitiesLn 26$38.4M$36.5M
Net assetsLn 32−$7.6M−$5.4M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$4.4M$3.2M$1.2M
Pension plan contributionsLn 8−$1.2M−$866K−$344K
Other employee benefitsLn 9$1.1M$822K$326K
Legal feesLn 11b$6K$6K
Advertising and promotionLn 12$302$302
Office expensesLn 13$5K$5K
Information technologyLn 14$23K$23K
OccupancyLn 16$55K$55K
Conferences, conventions and meetingsLn 19$526$526
InterestLn 20$1.2M$1.2M
Depreciation, depletion and amortizationLn 22$1.1M$1.1M
InsuranceLn 23$86K$86K
Other expenses (24a–d)Ln 24$2.1M$1.2M$858K$161
All other expensesLn 24e$100K$100K
Total functional expensesLn 25$8.9M$4.4M$4.5M$161

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jan 13, 2026 $13.4M$12.9M$523K−$4.7M 990 PDF
FY2024Filed with the IRS May 14, 2025 $12.4M$12.2M$175K−$5.2M 990 PDF
FY2023 ViewingFiled with the IRS Apr 23, 2025 $11.1M$8.9M$2.2M−$5.4M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $11,138,419 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $560,440$636,117
I-9 Program service revenuePrior year $8,631,333$10,376,748
I-10 Investment incomePrior year $3,117$53,812
I-11 Other revenuePrior year $549,519$71,742
I-12 Total revenuePrior year $9,744,409$11,138,419
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,641,840$4,308,231
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $4,300,272$4,603,914
I-18 Total expensesPrior year $7,942,112$8,912,145
I-19 Revenue less expensesPrior year $1,802,297$2,226,274
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $11,138,419 across 7 lines filed
VIII-1e Government grants$620,716
VIII-1f All other contributions, gifts and grants$15,401
VIII-1h Total contributions, gifts and grants$636,117
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,376,748$10,376,748
VIII-3 Investment incomeRelated to mission $53,812$53,812
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $71,742$71,742
VIII-12 Total revenueRelated to mission $10,430,560 · Excluded from tax $71,742$11,138,419
Part IX · Statement of functional expenses $8,912,145 across 14 lines filed
IX-7 Other salaries and wagesPrograms $3,180,607 · Management $1,188,720$4,369,327
IX-8 Pension plan contributionsPrograms −$866,028 · Management −$343,508−$1,209,536
IX-9 Other employee benefitsPrograms $822,283 · Management $326,157$1,148,440
IX-11b Legal feesManagement $6,050$6,050
IX-12 Advertising and promotionManagement $302$302
IX-13 Office expensesManagement $5,239$5,239
IX-14 Information technologyManagement $23,168$23,168
IX-16 OccupancyManagement $54,719$54,719
IX-19 Conferences, conventions and meetingsManagement $526$526
IX-20 InterestManagement $1,164,610$1,164,610
IX-22 Depreciation, depletion and amortizationManagement $1,061,676$1,061,676
IX-23 InsuranceManagement $85,914$85,914
IX-24 Other expenses (24a–d)Programs $1,243,429 · Management $858,320 · Fundraising $161$2,101,910
IX-24e All other expensesManagement $99,800$99,800
IX-25 Total functional expensesPrograms $4,380,291 · Management $4,531,693 · Fundraising $161$8,912,145
Part X · Balance sheet $31,091,794 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,751,622$2,963,576
X-4 Accounts receivableStart of year $20,963$34,961
X-10c Land, buildings and equipment, netStart of year $25,512,299$24,458,091
X-15 Other assetsStart of year $3,495,449$3,635,166
X-16 Total assetsStart of year $30,780,333$31,091,794
X-17 Accounts payable and accrued expensesStart of year $113,010$113,596
X-20 Tax-exempt bond liabilitiesStart of year $24,845,000$24,385,000
X-25 Other liabilitiesStart of year $13,445,534$11,979,732
X-26 Total liabilitiesStart of year $38,403,544$36,478,328
X-32 Total net assets or fund balancesStart of year −$7,623,211−$5,386,534
X-33 Total liabilities and net assetsStart of year $30,780,333$31,091,794
Part XI · Reconciliation of net assets −$5,386,534 net assets at year end
XI-1 Total revenue$11,138,419
XI-2 Total expenses$8,912,145
XI-3 Revenue less expenses$2,226,274
XI-4 Net assets at start of year−$7,623,211
XI-9 Other changes in net assets$10,403
XI-10 Net assets at end of year−$5,386,534

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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