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Globe Charter School FY2024 filing

Colorado Springs, COUnknown exempt organizationEIN 84-1301281Revenue $1.4M in FY2024

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

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80¢ of each $1 spent went to programs.
Programs: Part IX

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FY2024 · 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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.9M
179% of total assets
Concern: liabilities are 179% 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
+1% vs prior year
Spent
$1.3M
To programs
80%
Net assets
−$831K
By yearFY2021–FY2025
Revenue
$1.4M
FY2024▲ +1%
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
$1.3M
FY2024▼ -10%
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
−$831K
FY2024▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2021−$1.3M
FY2022−$926K
FY2023−$961K
FY2024−$831K
FY2025$0

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

80 cents of each dollar spent went to programs.

Program services 80% · $1.0M Management & general 20% · $255K

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 (FY2023); the FY2024 filing did not itemize Part VII
Chad Wehner
Director
$0Pt VII · Sec A
Karl D Hering
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Jonathan Joubert
Vice President
$0Pt VII · Sec A
$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 · $1.0M · in their own filed words · FY2023
01

Operation of a charter school.

$1.0Mprogram expense

By the numbers

The FY2024 990, line by line.

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from philanthropy.org
1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$921K
Gifts and grantsLn 1h$299K
Investment incomeLn 3$167K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.0M
Managementcol C$255K
Owns and owesPt X
−$831K
net assets · Ln 32
Cash and savingsLn 1–2$137K
Total assetsLn 16$1.0M
LiabilitiesLn 26$1.9M
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$299K
Government grantsLn 1e$299K
Fees for servicesLn 2g$921K
Investment incomeLn 3$167K
Other incomeLn 4–11$1K
Gains on assetsLn 7$164K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$82K
SavingsLn 2$55K
Cash and savings togetherLn 1–2$137K
Land, buildings, equipmentLn 10c$466K
Other assetsLn 15$344K
Total assetsLn 16$1.0M
LiabilitiesLn 26$1.9M
Net assetsLn 32−$831K
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 FY24End FY24
Cash and savingsLn 1–2$116K$137K
Land, buildings, equipmentLn 10c$2.5M$466K
Total assetsLn 16$3.2M$1.0M
LiabilitiesLn 26$4.2M$1.9M
Net assetsLn 32−$961K−$831K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$543K$462K$82K
Pension plan contributionsLn 8−$139K−$118K−$21K
Other employee benefitsLn 9$38K$32K$6K
Payroll taxesLn 10$11K$9K$2K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$47K$47K
Other fees for servicesLn 11g$30K$30K
Advertising and promotionLn 12$2K$2K$276
Information technologyLn 14$7K$6K$1K
OccupancyLn 16$94K$80K$14K
TravelLn 17$400$340$60
InterestLn 20$108K$91K$16K
Depreciation, depletion and amortizationLn 22$325K$276K$49K
InsuranceLn 23$29K$25K$4K
Other expenses (24a–d)Ln 24$139K$118K$21K
All other expensesLn 24e$23K$21K$2K
Total functional expensesLn 25$1.3M$1.0M$255K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $985K$154K$831K$0 990 PDF
FY2024 Viewing $1.4M$1.3M$129K−$831K 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $1,388,292 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $224,572$298,841
I-9 Program service revenuePrior year $1,128,907$921,026
I-10 Investment incomePrior year $4,282$167,402
I-11 Other revenuePrior year $11,560$1,023
I-12 Total revenuePrior year $1,369,321$1,388,292
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 $490,817$453,400
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $913,284$805,698
I-18 Total expensesPrior year $1,404,101$1,259,098
I-19 Revenue less expensesPrior year −$34,780$129,194
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 $1,388,292 across 8 lines filed
VIII-1e Government grants$298,513
VIII-1f All other contributions, gifts and grants$328
VIII-1h Total contributions, gifts and grants$298,841
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $921,026$921,026
VIII-3 Investment incomeExcluded from tax $2,959$2,959
VIII-7 Net gain or loss on sales of assetsRelated to mission $164,443$164,443
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,023$1,023
VIII-12 Total revenueRelated to mission $1,086,492 · Unrelated business $0 · Excluded from tax $2,959$1,388,292
Part IX · Statement of functional expenses $1,259,098 across 16 lines filed
IX-7 Other salaries and wagesPrograms $461,835 · Management $81,500$543,335
IX-8 Pension plan contributionsPrograms −$118,000 · Management −$20,823−$138,823
IX-9 Other employee benefitsPrograms $32,194 · Management $5,681$37,875
IX-10 Payroll taxesPrograms $9,361 · Management $1,652$11,013
IX-11b Legal feesManagement $2,459$2,459
IX-11c Accounting feesManagement $46,733$46,733
IX-11g Other fees for servicesManagement $29,575$29,575
IX-12 Advertising and promotionPrograms $1,567 · Management $276$1,843
IX-14 Information technologyPrograms $5,975 · Management $1,054$7,029
IX-16 OccupancyPrograms $79,782 · Management $14,079$93,861
IX-17 TravelPrograms $340 · Management $60$400
IX-20 InterestPrograms $91,493 · Management $16,146$107,639
IX-22 Depreciation, depletion and amortizationPrograms $276,034 · Management $48,712$324,746
IX-23 InsurancePrograms $24,879 · Management $4,390$29,269
IX-24 Other expenses (24a–d)Programs $118,262 · Management $20,871$139,133
IX-24e All other expensesPrograms $20,610 · Management $2,401$23,011
IX-25 Total functional expensesPrograms $1,004,332 · Management $254,766 · Fundraising $0$1,259,098
Part X · Balance sheet $1,049,674 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $115,578$81,947
X-2 Savings and temporary cash investments$55,405
X-3 Pledges and grants receivableStart of year $274,027$93,858
X-4 Accounts receivable$7,972
X-10c Land, buildings and equipment, netStart of year $2,542,830$466,079
X-15 Other assetsStart of year $312,526$344,413
X-16 Total assetsStart of year $3,244,961$1,049,674
X-17 Accounts payable and accrued expensesStart of year $68,867$86,908
X-24 Unsecured notes and loans payableStart of year $2,152,777$0
X-25 Other liabilitiesStart of year $1,983,823$1,794,078
X-26 Total liabilitiesStart of year $4,205,467$1,880,986
X-27 Net assets without donor restrictionsStart of year −$999,006−$869,812
X-28 Net assets with donor restrictionsStart of year $38,500$38,500
X-32 Total net assets or fund balancesStart of year −$960,506−$831,312
X-33 Total liabilities and net assetsStart of year $3,244,961$1,049,674
Part XI · Reconciliation of net assets −$831,312 net assets at year end
XI-1 Total revenue$1,388,292
XI-2 Total expenses$1,259,098
XI-3 Revenue less expenses$129,194
XI-4 Net assets at start of year−$960,506
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$831,312

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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