Colorado International Language Academy
- Assets
- $3.9m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 65
- Location
- Colorado Springs, CO
- Founding
- 10/2019
- Data as of
- 06/2022
- EIN
- 46-2254568
Organization Overview
Colorado International Language Academy is located in Colorado Springs, CO. The organization was established in 2019. 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, Colorado International Language Academy employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado International Language 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, Colorado International Language Academy generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (27.6%) per year over the past 4 years. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF CHARTER SCHOOL
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pete Heinz Vice President | OfficerTrustee | 1 | $0 |
Bentley Rayburn President | OfficerTrustee | 1 | $0 |
Tom Strand Treasurer | OfficerTrustee | 1 | $0 |
Cami Bremer Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $797,906 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,215 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $799,121 |
| Total Program Service Revenue | $2,565,799 |
| Investment income | $3,901 |
| 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 | $3,371,144 |
| 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 | $1,626,945 |
| Pension plan accruals and contributions | -$1,162,137 |
| Other employee benefits | $142,959 |
| Payroll taxes | $26,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,058 |
| Fees for services: Accounting | $7,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,506 |
| Advertising and promotion | $26,779 |
| Office expenses | $2,403 |
| Information technology | $6,625 |
| Royalties | $0 |
| Occupancy | $123,381 |
| Travel | $23,004 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $90,538 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $368,993 |
| Insurance | $32,758 |
| All other expenses | $18,775 |
| Total functional expenses | $1,682,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,675,609 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,688 |
| Accounts receivable, net | $45,957 |
| 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 | $4,582 |
| Net Land, buildings, and equipment | $1,498,558 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $626,475 |
| Total assets | $3,858,869 |
| Accounts payable and accrued expenses | $165,508 |
| Grants payable | $0 |
| Deferred revenue | $1,380 |
| 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 | $1,529,200 |
| Other liabilities | $4,764,792 |
| Total liabilities | $6,460,880 |
| Net assets without donor restrictions | -$2,687,011 |
| Net assets with donor restrictions | $85,000 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,858,869 |
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