Globe Charter School FY2023 filing

Colorado Springs, COUnknown exempt organizationEIN 84-1301281Revenue $1.4M in FY2023

On file with the IRSglobecharter.org5759 N Academy Blvd · Colorado Springs, CO

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78¢ of each $1 spent went to programs.
Programs: Part IX

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
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
4 of 5
filings with a surplus
Average surplus $361K a year · 25% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.2M
130% of total assets
Concern: liabilities are 130% of assets; over 80%.
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
$1.4M
-17% vs prior year
Spent
$1.4M
To programs
78%
Net assets
−$961K
By yearFY2021–FY2025
Revenue
$1.4M
FY2023▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.8M
FY2022$1.6M
FY2023$1.4M
FY2024$1.4M
FY2025$985K
Expenses
$1.4M
FY2023▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.3M
FY2022$1.3M
FY2023$1.4M
FY2024$1.3M
FY2025$154K
Net assets
−$961K
FY2023▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2021−$1.3M
FY2022−$926K
FY2023−$961K
FY2024−$831K
FY2025$0

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · 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. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $1.1M Management & general 22% · $312K

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 (FY2022); the FY2023 filing did not itemize Part VII
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Globe Charter School 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

Globe Charter School is a nonprofit organization based in Colorado Springs, CO.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2022
01

Operation of a charter school.

$1.1Mprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$225K
Other incomeLn 4–11$12K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.1M
Managementcol C$312K
Owns and owesPt X
−$961K
net assets · Ln 32
Cash and savingsLn 1–2$116K
Total assetsLn 16$3.2M
LiabilitiesLn 26$4.2M
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$225K
Government grantsLn 1e$225K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$4K
Other incomeLn 4–11$12K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$116K
Cash and savings togetherLn 1–2$116K
Land, buildings, equipmentLn 10c$2.5M
Other assetsLn 15$313K
Total assetsLn 16$3.2M
LiabilitiesLn 26$4.2M
Net assetsLn 32−$961K
OperationsPt I, VI
EmployeesI 532
VolunteersI 64
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 FY23End FY23
Cash and savingsLn 1–2$243K$116K
Land, buildings, equipmentLn 10c$2.9M$2.5M
Total assetsLn 16$3.7M$3.2M
LiabilitiesLn 26$4.6M$4.2M
Net assetsLn 32−$926K−$961K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$592K$503K$89K
Pension plan contributionsLn 8−$110K−$93K−$16K
Other employee benefitsLn 9$33K$28K$5K
Payroll taxesLn 10−$24K−$20K−$4K
Legal feesLn 11b$18K$18K
Accounting feesLn 11c$37K$37K
Other fees for servicesLn 11g$64K$64K
Advertising and promotionLn 12$13K$11K$2K
Information technologyLn 14$5K$4K$717
OccupancyLn 16$103K$88K$15K
TravelLn 17$5K$5K$812
InterestLn 20$118K$101K$18K
Depreciation, depletion and amortizationLn 22$325K$276K$49K
InsuranceLn 23$13K$11K$2K
Other expenses (24a–d)Ln 24$187K$159K$28K
All other expensesLn 24e$24K$21K$3K
Total functional expensesLn 25$1.4M$1.1M$312K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $985K$154K$831K$0 990 PDF
FY2024 $1.4M$1.3M$129K−$831K 990 PDF
FY2023 Viewing $1.4M$1.4M−$35K−$961K 990 PDF
FY2022 $1.6M$1.3M$364K−$926K 990 PDF
FY2021 $1.8M$1.3M$516K−$1.3M 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 FY2023 990 (6 parts)
Part I · Summary $1,369,321 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $504,953$224,572
I-9 Program service revenuePrior year $1,139,423$1,128,907
I-10 Investment incomePrior year $551$4,282
I-11 Other revenuePrior year $1,904$11,560
I-12 Total revenuePrior year $1,646,831$1,369,321
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 $266,100$490,817
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,016,979$913,284
I-18 Total expensesPrior year $1,283,079$1,404,101
I-19 Revenue less expensesPrior year $363,752−$34,780
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower 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
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,369,321 across 6 lines filed
VIII-1e Government grants$224,572
VIII-1h Total contributions, gifts and grants$224,572
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,128,907$1,128,907
VIII-3 Investment incomeExcluded from tax $4,282$4,282
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,560$11,560
VIII-12 Total revenueRelated to mission $1,140,467 · Unrelated business $0 · Excluded from tax $4,282$1,369,321
Part IX · Statement of functional expenses $1,404,101 across 16 lines filed
IX-7 Other salaries and wagesPrograms $502,831 · Management $88,735$591,566
IX-8 Pension plan contributionsPrograms −$93,386 · Management −$16,480−$109,866
IX-9 Other employee benefitsPrograms $27,798 · Management $4,905$32,703
IX-10 Payroll taxesPrograms −$20,048 · Management −$3,538−$23,586
IX-11b Legal feesManagement $17,996$17,996
IX-11c Accounting feesManagement $36,900$36,900
IX-11g Other fees for servicesManagement $64,485$64,485
IX-12 Advertising and promotionPrograms $11,110 · Management $1,961$13,071
IX-14 Information technologyPrograms $4,062 · Management $717$4,779
IX-16 OccupancyPrograms $87,523 · Management $15,445$102,968
IX-17 TravelPrograms $4,602 · Management $812$5,414
IX-20 InterestPrograms $100,681 · Management $17,767$118,448
IX-22 Depreciation, depletion and amortizationPrograms $276,034 · Management $48,712$324,746
IX-23 InsurancePrograms $10,772 · Management $1,901$12,673
IX-24 Other expenses (24a–d)Programs $159,364 · Management $28,123$187,487
IX-24e All other expensesPrograms $21,044 · Management $3,273$24,317
IX-25 Total functional expensesPrograms $1,092,387 · Management $311,714 · Fundraising $0$1,404,101
Part X · Balance sheet $3,244,961 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $242,819$115,578
X-3 Pledges and grants receivableStart of year $362,275$274,027
X-10c Land, buildings and equipment, netStart of year $2,867,576$2,542,830
X-15 Other assetsStart of year $241,550$312,526
X-16 Total assetsStart of year $3,714,251$3,244,961
X-17 Accounts payable and accrued expensesStart of year $83,740$68,867
X-19 Deferred revenue$0
X-24 Unsecured notes and loans payableStart of year $2,368,959$2,152,777
X-25 Other liabilitiesStart of year $2,187,278$1,983,823
X-26 Total liabilitiesStart of year $4,639,977$4,205,467
X-27 Net assets without donor restrictionsStart of year −$962,726−$999,006
X-28 Net assets with donor restrictionsStart of year $37,000$38,500
X-32 Total net assets or fund balancesStart of year −$925,726−$960,506
X-33 Total liabilities and net assetsStart of year $3,714,251$3,244,961
Part XI · Reconciliation of net assets −$960,506 net assets at year end
XI-1 Total revenue$1,369,321
XI-2 Total expenses$1,404,101
XI-3 Revenue less expenses−$34,780
XI-4 Net assets at start of year−$925,726
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$960,506

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

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