Stargate Charter School FY2023 filing

Tax-deductible

Thornton, CO501(c)(3)Since 1994EducationEIN 84-1576891

501(c)(3) charity; gifts are tax-deductible.
46¢ of each $1 spent went to programs.
$616K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
5 of 5
filings with a surplus
Average surplus $2.8M a year · 13% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$616K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $275
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$25.4M
130% of total assets
Concern: liabilities are 130% of assets; over 80%.
Pt X · Ln 26
Independent board members
2
of 7 voting members
Worth a look: 2 of 7 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$21.6M
+2% vs prior year
Spent
$21.1M
To programs
46%
Net assets
−$5.9M
By yearFY2020–FY2024
Revenue
$21.6M
FY2023▲ +2%
Revenue by fiscal year
FY2020$15.9M
FY2021$21.7M
FY2022$21.2M
FY2023$21.6M
FY2024$22.7M
FY2024$29.8M
Expenses
$21.1M
FY2023▲ +25%
Expenses by fiscal year
FY2020$13.5M
FY2021$15.6M
FY2022$16.9M
FY2023$21.1M
FY2024$22.1M
FY2024$22.6M
Net assets
−$5.9M
FY2023▲ +7%
Net assets by fiscal year
FY2020−$16.8M
FY2021−$10.7M
FY2022−$6.4M
FY2023−$5.9M
FY2024−$5.4M
FY2024$1.8M

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 (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2002.

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

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $9.8M Management & general 54% · $11.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

12 people listed on the 990; $616K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$167,411Pt VII · Sec A
Principal
$128,615Pt VII · Sec A
Executive Director
$113,383Pt VII · Sec A
$106,107Pt VII · Sec A
$100,407Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Robin Greene’s $165K as Executive Director is at the 22nd 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Lynne Whitney—$162,819$167,411———
Robin Greene$164,504$75,437————
Lynne Allen———$160,560$145,527$139,247
Michael Henderson———$151,630$146,971$84,584
Robert Cable$145,912$129,819$128,615——$101,700
Patrick Millmore$138,111$122,328$106,107———
Rebecca Bradford$137,138$119,926————
Kathleen Sivarajah—$133,723$113,383———

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.

See Stargate 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 15aYes

Programs and updates

Educates gifted students, supporting their academic, emotional, and character growth for a lifelong love of learning.

Provided by the organization

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1 program service account for $9.8M of program spending, described in the organization's own filed words · FY2022.
01

Provide differentiated education to gifted and talented students in Adams County, Colorado benefiting 1,572 students.

$9.8Mprogram expense

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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 · FY2024
Total grants receivedfrom 1 funder$275

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$21.6M
Ln 12
Fees for servicesLn 2g$18.7M
Gifts and grantsLn 1h$2.5M
Investment incomeLn 3$244K
Money outPt IX
$21.1M
Ln 25
Programscol B$9.8M
Managementcol C$11.3M
Owns and owesPt X
−$5.9M
net assets · Ln 32
Cash and savingsLn 1–2$7.9M
Total assetsLn 16$19.5M
LiabilitiesLn 26$25.4M
PeoplePt VI, VII
12
listed · VII A
PaidVII A5
Voting boardVI 1a7
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.5M
Government grantsLn 1e$2.5M
Fees for servicesLn 2g$18.7M
Investment incomeLn 3$244K
Other incomeLn 4–11$129K
Total revenueLn 12$21.6M
Assets in detailPt X, end of year
CashLn 1$858K
SavingsLn 2$7.0M
Cash and savings togetherLn 1–2$7.9M
Land, buildings, equipmentLn 10c$5.5M
Other assetsLn 15$5.0M
Total assetsLn 16$19.5M
LiabilitiesLn 26$25.4M
Net assetsLn 32−$5.9M
OperationsPt I, VI
EmployeesI 5226
VolunteersI 6440
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$6.0M$7.9M
Land, buildings, equipmentLn 10c$5.4M$5.5M
Total assetsLn 16$17.8M$19.5M
LiabilitiesLn 26$24.2M$25.4M
Net assetsLn 32−$6.4M−$5.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$434K$434K
Other salaries and wagesLn 7$8.5M$6.1M$2.4M
Pension plan contributionsLn 8$705K$83K$622K
Other employee benefitsLn 9$2.7M$1.8M$974K
Other fees for servicesLn 11g$1.0M$258K$747K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$51K$51K
Information technologyLn 14$61K$61K
OccupancyLn 16$3.3M$3.3M
TravelLn 17$51K$51K
InterestLn 20$21K$21K
Depreciation, depletion and amortizationLn 22$356K$356K
InsuranceLn 23$107K$107K
Other expenses (24a–d)Ln 24$3.8M$1.6M$2.2M
Total functional expensesLn 25$21.1M$9.8M$11.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $22.7M$22.1M$575K−$5.4M 990 PDF
FY2023 Viewing $21.6M$21.1M$432K−$5.9M 990 PDF
FY2022 $21.2M$16.9M$4.3M−$6.4M 990 PDF
FY2021 $21.7M$15.6M$6.2M−$10.7M 990 PDF
FY2020 $15.9M$13.5M$2.4M−$16.8M 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 (4 parts)
Part VIII · Statement of revenue $21,552,014 across 7 lines filed
Lines not itemized here account for $54,795 of total revenue; see the IRS return.
VIII-1e Government grants$2,514,636
VIII-1f All other contributions, gifts and grants$1,000
VIII-1h Total contributions, gifts and grants$2,515,636
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,663,151$18,663,151
VIII-3 Investment incomeExcluded from tax $243,844$243,844
VIII-8 Net income from fundraising eventsExcluded from tax $74,588$74,588
VIII-12 Total revenueRelated to mission $18,717,946 · Unrelated business $0 · Excluded from tax $318,432$21,552,014
Part IX · Statement of functional expenses $21,119,970 across 14 lines filed
IX-5 Pay of current officers, directors and key staffManagement $433,684$433,684
IX-7 Other salaries and wagesPrograms $6,135,534 · Management $2,350,646$8,486,180
IX-8 Pension plan contributionsPrograms $83,069 · Management $621,714$704,783
IX-9 Other employee benefitsPrograms $1,750,736 · Management $973,521$2,724,257
IX-11g Other fees for servicesPrograms $257,995 · Management $746,963$1,004,958
IX-12 Advertising and promotionManagement $2,621$2,621
IX-13 Office expensesManagement $51,317$51,317
IX-14 Information technologyManagement $60,798$60,798
IX-16 OccupancyManagement $3,331,934$3,331,934
IX-17 TravelManagement $51,106$51,106
IX-20 InterestManagement $20,532$20,532
IX-22 Depreciation, depletion and amortizationManagement $356,289$356,289
IX-23 InsuranceManagement $107,460$107,460
IX-24 Other expenses (24a–d)Programs $1,560,331 · Management $2,223,720$3,784,051
IX-25 Total functional expensesPrograms $9,787,665 · Management $11,332,305 · Fundraising $0$21,119,970
Part X · Balance sheet $19,505,266 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,800,928$857,539
X-2 Savings and temporary cash investmentsStart of year $4,240,240$7,002,225
X-3 Pledges and grants receivableStart of year $353,787$973,469
X-4 Accounts receivableStart of year $368,281$112,434
X-9 Prepaid expenses and deferred chargesStart of year $139,829$117,305
X-10c Land, buildings and equipment, netStart of year $5,443,637$5,458,235
X-15 Other assetsStart of year $5,442,744$4,984,059
X-16 Total assetsStart of year $17,789,446$19,505,266
X-17 Accounts payable and accrued expensesStart of year $1,762,596$1,632,150
X-25 Other liabilitiesStart of year $22,258,720$23,710,501
X-26 Total liabilitiesStart of year $24,157,761$25,441,536
X-32 Total net assets or fund balancesStart of year −$6,368,315−$5,936,270
X-33 Total liabilities and net assetsStart of year $17,789,446$19,505,266
Part XI · Reconciliation of net assets −$5,936,270 net assets at year end
XI-1 Total revenue$21,552,014
XI-2 Total expenses$21,119,970
XI-3 Revenue less expenses$432,044
XI-4 Net assets at start of year−$6,368,315
XI-8 Prior period adjustments$1
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$5,936,270

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

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