Paradox Valley School FY2020 filing

Paradox, COUnknown exempt organizationEIN 84-1595787Revenue $695K in FY2020

On file with the IRSPo Box 420 · Paradox, CO

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To inspire children to have goals and dreams for their future and to provide a level of educational excellence that teaches the knowledge skills character and creativity.

48¢ of each $1 spent went to programs.
$69K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 5
filings with a surplus
Average deficit $440K a year · 83% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$69K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$25K
0.9% of total assets
Looks good: liabilities are 1% 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
$695K
Spent
$750K
To programs
48%
Net assets
$2.9M
By yearFY2020–FY2024
Revenue
$695K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$695K
FY2021$688K
FY2022$827K
FY2023$438K
FY2024$2K
Expenses
$750K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$750K
FY2021$715K
FY2022$807K
FY2023$689K
FY2024$1.9M
Net assets
$2.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.9M
FY2021$2.9M
FY2022$2.9M
FY2023$2.6M
FY2024$0

From the FY2020 Form 990 (year ending June 2020) · see the original

990 PDF Claim
You’re viewing the FY2020 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $361K Management & general 52% · $389K

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

6 people listed on the 990; $69K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Principal Di
$68,731Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2020
Denise Perritt$21,663$68,731

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.

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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

Inspires children with future dreams and provides excellent education in knowledge, skills, character, and creativity.

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Provided by the organization

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1 program · $361K · in their own filed words · FY2019
01

Preschool to 12TH grade charter school provides education to students for 150 days out of the year. We provide afterschool programs for up to four days per week starting the third week of school and running to the end of school. A library is provided and open during school hours for all students, and also after school two days a week.

$361Kprogram expense

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$1K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$695K
Ln 12
Fees for servicesLn 2g$431K
Gifts and grantsLn 1h$255K
Other incomeLn 4–11$9K
Money outPt IX
$750K
Ln 25
Programscol B$361K
Managementcol C$389K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$153K
Total assetsLn 16$2.9M
LiabilitiesLn 26$25K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$255K
Government grantsLn 1e$231K
Fees for servicesLn 2g$431K
Investment incomeLn 3$404
Other incomeLn 4–11$9K
Total revenueLn 12$695K
Assets in detailPt X, end of year
CashLn 1$129K
SavingsLn 2$24K
Cash and savings togetherLn 1–2$153K
Land, buildings, equipmentLn 10c$2.8M
Total assetsLn 16$2.9M
LiabilitiesLn 26$25K
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 50
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 FY20End FY20
Cash and savingsLn 1–2$110K$153K
Land, buildings, equipmentLn 10c$2.9M$2.8M
Total assetsLn 16$3.0M$2.9M
LiabilitiesLn 26$55K$25K
Net assetsLn 32$2.9M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$295K$136K$160K
Pension plan contributionsLn 8$8K$8K
Other employee benefitsLn 9$119K$55K$64K
Legal feesLn 11b$963$963
Other fees for servicesLn 11g$47K$32K$16K
Advertising and promotionLn 12$45$45
Office expensesLn 13$47K$2K$46K
Information technologyLn 14$5K$2K$3K
OccupancyLn 16$18K$7K$10K
TravelLn 17$872$872
Depreciation, depletion and amortizationLn 22$128K$100K$28K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$66K$18K$48K
Total functional expensesLn 25$750K$361K$389K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2K$1.9M−$1.9M$0 990 PDF
FY2023 $438K$689K−$250K$2.6M 990 PDF
FY2022 $827K$807K$20K$2.9M 990 PDF
FY2021 $688K$715K−$27K$2.9M 990 PDF
FY2020 Viewing $695K$750K−$55K$2.9M 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 FY2020 990 (6 parts)
Part I · Summary $694,836 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $873,233$254,767
I-9 Program service revenuePrior year $26,817$430,965
I-10 Investment incomePrior year $1,559$404
I-11 Other revenuePrior year $6,700$8,700
I-12 Total revenuePrior year $908,309$694,836
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $676,310$422,977
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $334,654$327,036
I-18 Total expensesPrior year $1,010,964$750,013
I-19 Revenue less expensesPrior year −$102,655−$55,177
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-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $694,836 across 7 lines filed
VIII-1e Government grants$230,745
VIII-1f All other contributions, gifts and grants$24,022
VIII-1h Total contributions, gifts and grants$254,767
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $430,965$430,965
VIII-3 Investment incomeExcluded from tax $404$404
VIII-6 Net rental income or lossExcluded from tax $8,700$8,700
VIII-12 Total revenueRelated to mission $430,965 · Excluded from tax $9,104$694,836
Part IX · Statement of functional expenses $750,013 across 13 lines filed
IX-7 Other salaries and wagesPrograms $135,656 · Management $159,840$295,496
IX-8 Pension plan contributionsPrograms $8,239$8,239
IX-9 Other employee benefitsPrograms $55,324 · Management $63,918$119,242
IX-11b Legal feesManagement $963$963
IX-11g Other fees for servicesPrograms $31,658 · Management $15,502$47,160
IX-12 Advertising and promotionManagement $45$45
IX-13 Office expensesPrograms $1,839 · Management $45,531$47,370
IX-14 Information technologyPrograms $2,082 · Management $3,245$5,327
IX-16 OccupancyPrograms $7,345 · Management $10,491$17,836
IX-17 TravelPrograms $872$872
IX-22 Depreciation, depletion and amortizationPrograms $100,175 · Management $27,574$127,749
IX-23 InsuranceManagement $14,197$14,197
IX-24 Other expenses (24a–d)Programs $18,013 · Management $47,504$65,517
IX-25 Total functional expensesPrograms $361,203 · Management $388,810 · Fundraising $0$750,013
Part X · Balance sheet $2,923,901 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $86,551$129,057
X-2 Savings and temporary cash investmentsStart of year $23,803$24,206
X-10c Land, buildings and equipment, netStart of year $2,858,319$2,770,638
X-16 Total assetsStart of year $2,968,774$2,923,901
X-17 Accounts payable and accrued expensesStart of year $55,027$25,264
X-26 Total liabilitiesStart of year $55,027$25,264
X-32 Total net assets or fund balancesStart of year $2,913,747$2,898,637
X-33 Total liabilities and net assetsStart of year $2,968,774$2,923,901
Part XI · Reconciliation of net assets $2,898,637 net assets at year end
XI-1 Total revenue$694,836
XI-2 Total expenses$750,013
XI-3 Revenue less expenses−$55,177
XI-4 Net assets at start of year$2,913,747
XI-8 Prior period adjustments$28,436
XI-9 Other changes in net assets$11,631
XI-10 Net assets at end of year$2,898,637

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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