Prospect Ridge Academy
- Assets
- $14.5m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 252
- Location
- Broomfield, CO
- Founding
- 08/2011
- Data as of
- 06/2022
- 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 06/2022, Prospect Ridge Academy employed 252 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 06/2022, Prospect Ridge Academy generated $18.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $12.7m during the year ending 06/2022. While expenses have increased by 4.9% per year over the past 7 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
2022
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 | 40 | $156,000 | |
Adam Digiacomo Hs Principal | 40 | $141,451 | |
Steve Thygsen Ms Principal | 40 | $119,871 | |
David Mallett Finance Dire | 40 | $117,500 | |
Kera Pratt Es Principal | 40 | $108,650 | |
Steve Perruzza Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Counter Trade Products Prov Services | 6/29/22 | $341,159 |
Jan Pro Cleaning Systems Of Co Prof Services | 6/29/22 | $211,657 |
Taylor Kohrs Prof Services | 6/29/22 | $521,927 |
T&s Services Prof Services | 6/29/22 | $171,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,684,229 |
| All other contributions, gifts, grants, and similar amounts not included above | $541,588 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,225,817 |
| Total Program Service Revenue | $15,751,255 |
| Investment income | $388 |
| 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 | $18,026,300 |
| 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 | $8,217,100 |
| Pension plan accruals and contributions | -$2,324,986 |
| Other employee benefits | $844,064 |
| Payroll taxes | $13,346 |
| Fees for services: Management | $450,191 |
| Fees for services: Legal | $5,265 |
| Fees for services: Accounting | $41,771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $42,154 |
| Office expenses | $227,630 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,709,058 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,251 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $153,697 |
| Insurance | $152,292 |
| All other expenses | $255,696 |
| Total functional expenses | $12,724,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,286,221 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,165,539 |
| 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 | $205,620 |
| Net Land, buildings, and equipment | $447,877 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,355,412 |
| Total assets | $14,460,669 |
| Accounts payable and accrued expenses | $825,314 |
| Grants payable | $0 |
| Deferred revenue | $100,012 |
| 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 | $22,846,638 |
| Total liabilities | $23,771,964 |
| 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 | -$9,311,295 |
| Total liabilities and net assets/fund balances | $14,460,669 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Prospect Ridge Academy has recieved totaling $18,685.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,625 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $3,010 |
Ensign-Bickford Foundation Inc Denver, CO PURPOSE: COMMUNITY ASSISTANCE | $1,500 |
M J Anderson7 Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Utah Charter Academies Draper, UT | $87,193,817 | $47,458,045 |
Strive Preparatory Schools Denver, CO | $16,366,153 | $54,741,372 |
Kipp Colorado Schools Denver, CO | $14,636,055 | $38,026,869 |
Legacy Traditional Schools - Nevada Inc Chandler, AZ | $98,471,077 | $39,227,732 |
Goal Academy Pueblo, CO | $51,570,908 | $48,674,529 |
Spectrum Academy North Salt Lake City, UT | $38,407,104 | $29,729,025 |
Odyssey Preparatory Academy Inc Buckeye, AZ | $75,530,982 | $28,243,391 |
Dove Schools Oklahoma City, OK | $6,243,861 | $28,048,630 |
Rocky Mountain Preparatory School Denver, CO | $30,804,994 | $31,097,127 |
Arizona Connections Academy Charter School Gilbert, AZ | $11,036,365 | $27,443,157 |
Benjamin Franklin Charter School - Queen Creek Gilbert, AZ | $74,039,747 | $26,576,099 |
Daisy Education Corporation Gilbert, AZ | $46,295,236 | $27,502,043 |