Prospect Ridge Academy
- Assets
- $16.8m
- Revenue
- $20.7m
- Investments
- $0.0
- Employees
- 270
- Location
- Broomfield, CO
- Founding
- 08/2011
- Data as of
- 06/2024
- EIN
- 27-2070094
Organization Overview
Prospect Ridge Academy is located in Broomfield, CO. The organization was established in 2011. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2024, Prospect Ridge Academy employed 270 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prospect Ridge 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 06/2024, Prospect Ridge Academy generated $20.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $22.1m during the year ending 06/2024. While expenses have increased by 13.6% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING A RIGOROUS, QUALITY K-12 EDUCATION WITH AN INTENSIFIED MATH AND SCIENCE FOCUS USING CORE KNOWLEDGE SEQUENCE AND RESEARCH-BASED COLLEGE PREPARATORY PROGRAMMING TO PROVIDE A COMPREHENSIVE FOUNDATION FOR LIFE-LONG LEARNING AND PROVIDING SOCIAL AND PHYSICAL DEVELOPMENT THROUGH ATHLETICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES A RIGOROUS, QUALITY K-12 EDUCATION WITH AN INTENSIFIED FOCUS ON CORE KNOWLEDGE SEQUENCE AND RESEARCH BASED COLLEGE PREPARATORY PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April Wilkin Executive Di | Officer | 40 | $157,368 |
Adam Digiacomo Principal | Officer | 40 | $151,012 |
Kera Pratt Principal | 40 | $124,164 | |
Steve Thygsen Principal | 40 | $122,895 | |
David Mallett Director | 40 | $117,879 | |
Kristin Hyser Board Presid | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Taylor Kohrs Gen Contractor | 6/29/24 | $513,049 |
Michaels Of Denver Food Svc | 6/29/24 | $393,097 |
Gillem Staffing Prof Svcs | 6/29/24 | $115,295 |
Jan Pro Cleaning Systems Custodial Svcs | 6/29/24 | $278,388 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,547,913 |
| All other contributions, gifts, grants, and similar amounts not included above | $618,570 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,166,483 |
| Total Program Service Revenue | $18,209,817 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,655,543 |
| 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 | $10,432,440 |
| Pension plan accruals and contributions | $3,869,089 |
| Other employee benefits | $993,784 |
| Payroll taxes | $174,989 |
| Fees for services: Management | $368,406 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $58,468 |
| Office expenses | $207,723 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,056,051 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,018 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $365,173 |
| Insurance | $156,905 |
| All other expenses | $279,966 |
| Total functional expenses | $22,146,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,318,621 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $313,844 |
| 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 | $98,312 |
| Net Land, buildings, and equipment | $5,183,520 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,878,631 |
| Total assets | $16,792,928 |
| Accounts payable and accrued expenses | $15,389 |
| Grants payable | $0 |
| Deferred revenue | $157,945 |
| Tax-exempt bond liabilities | $0 |
| 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 | $28,825,620 |
| Total liabilities | $28,998,954 |
| 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 | -$12,206,026 |
| Total liabilities and net assets/fund balances | $16,792,928 |