Firestone Charter Academy
- Assets
- $22.5m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 152
- Location
- Firestone, CO
- Founding
- 06/2009
- Data as of
- 06/2021
- EIN
- 26-1347003
Organization Overview
Firestone Charter Academy is located in Firestone, CO. The organization was established in 2009. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Firestone Charter Academy employed 152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Firestone Charter Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Firestone Charter Academy generated $8.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $6.2m during the year ending 06/2021. While expenses have increased by 1.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FORM 990 - ORGANIZATION'S MISSION OUR SCHOOL MISSION: THE MISSION OF FIRESTONE CHARTER ACADEMY IS TO POSITIVELY SHAPE THE HEARTS AND MINDS OF OUR STUDENTS BY PROVIDING THEM WITH A CLASSICAL CORE KNOWLEDGE CURRICULUM THAT IS ACADEMICALLY RIGOROUS AND CONTENT RICH A SAFE ENVIRONMENT IN WHICH CHARACTER IS MODELED AND PROMOTED AND A COMMUNITY IN WHICH TO BUILD TRUSTING RELATIONSHIPS WITH OTHERS. OUR VISION: STUDENTS AT FIRESTONE CHARTER ACADEMY DEVELOP A FOUNDATION OF WISDOM PREPARED TO BE LIFE-LONG LEARNERS POSITIVE ROLE MODELS AND VIRTUOUS CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF K-8 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annie Condie Vice President | OfficerTrustee | 2 | $0 |
Hyla Schreurs Secretary | OfficerTrustee | 2 | $0 |
Kristine Reynolds Treasurer | OfficerTrustee | 2 | $0 |
Todd Riccio President | OfficerTrustee | 2 | $0 |
Vacant Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $76,972 |
| Related organizations | $0 |
| Government grants | $1,109,280 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,001 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,203,253 |
| Total Program Service Revenue | $6,200,109 |
| Investment income | $724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35,407 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,270,675 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,846,780 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | -$680,842 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,493 |
| Fees for services: Accounting | $6,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $34,340 |
| Royalties | $0 |
| Occupancy | $633,768 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $823,250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $543,893 |
| Insurance | $90,889 |
| All other expenses | $486,761 |
| Total functional expenses | $6,175,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,075,524 |
| Savings and temporary cash investments | $594,259 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,158 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,509 |
| Net Land, buildings, and equipment | $15,771,738 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,931,087 |
| Total assets | $22,452,275 |
| Accounts payable and accrued expenses | $16,407 |
| Grants payable | $0 |
| Deferred revenue | $49,506 |
| Tax-exempt bond liabilities | $17,695,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,314,914 |
| Total liabilities | $29,075,827 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$6,623,552 |
| Total liabilities and net assets/fund balances | $22,452,275 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Firestone Charter Academy has recieved totaling $884.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $834 |
Western Union Foundation Inc Denver, CO PURPOSE: GIFT MATCHING GRANT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Christian Schools International Colorado Springs, CO | $18,742,731 | $17,834,465 |
Horizon Community Learning Center Inc Phoenix, AZ | $18,558,731 | $15,800,218 |
Cheyenne Mountain Charter Academy Colorado Springs, CO | $6,874,430 | $14,641,481 |
Gilbert Christian Schools Inc Gilbert, AZ | $7,847,673 | $15,216,131 |
Heritage Academy Inc Mesa, AZ | $18,363,649 | $13,455,385 |
Kingman Academy Of Learning Kingman, AZ | $18,472,423 | $13,887,291 |
Legacy Traditional School-Queen Creek Chandler, AZ | $20,023,143 | $11,762,909 |
Legacy Traditional School- Avondale Inc Chandler, AZ | $23,043,250 | $12,125,697 |
Pan-American Elementary Charter School Phoenix, AZ | $37,196,562 | $11,678,522 |
Oklahoma Christian Schools Incorporated Edmond, OK | $41,374,712 | $15,358,139 |
Shiprock Associated Schools Inc Shiprock, NM | $31,955,534 | $19,122,666 |
Vista College Preparatory Inc Phoenix, AZ | $23,500,378 | $10,120,294 |