Roosevelt Charter Academy
- Assets
- $11.1m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 133
- Location
- Colorado Springs, CO
- Founding
- 09/2014
- Data as of
- 06/2023
- EIN
- 46-3712766
Organization Overview
Roosevelt Charter Academy is located in Colorado Springs, CO. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Roosevelt Charter Academy employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roosevelt 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 06/2023, Roosevelt Charter Academy generated $7.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $6.8m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASE ACADEMIC ACHIEVEMENTS OF ALL STUDENTS BY HELPING EVERY CHILD GROW A MINIMUM OF 1.5 YEARS IN READING, WRITING, AND MATH DURING EACH ACADEMIC YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Damm President And Secretary | OfficerTrustee | 1 | $0 |
Vickie Axford Member | Trustee | 1 | $0 |
Donna Fahrenkrug Member | Trustee | 1 | $0 |
Kristy Khoury Member | Trustee | 1 | $0 |
Dwight Jones Member | Trustee | 1 | $0 |
Katherine Boyce Principal | Officer | 40 | $72,858 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
G&g Consulting Finance & Hr Consulting | 6/29/22 | $134,554 |
Gillem Speach Language Pathology Consulting Special Ed | 6/29/22 | $134,287 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,052,968 |
| All other contributions, gifts, grants, and similar amounts not included above | $256 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,053,224 |
| Total Program Service Revenue | $5,394,466 |
| Investment income | $151,092 |
| 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 | $7,631,438 |
| 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. | $134,586 |
| Compensation of current officers, directors, key employees. | $20,188 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,042,445 |
| Pension plan accruals and contributions | $468,647 |
| Other employee benefits | $630,501 |
| Payroll taxes | $49,807 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,563 |
| Fees for services: Accounting | $104,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $186,999 |
| Advertising and promotion | $35,484 |
| Office expenses | $20,267 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $229,344 |
| Travel | $37,575 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,347 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,321 |
| Insurance | $47,155 |
| All other expenses | $177,039 |
| Total functional expenses | $6,826,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,942,674 |
| Savings and temporary cash investments | $173,801 |
| Pledges and grants receivable | $1,071,207 |
| Accounts receivable, net | $42,505 |
| 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 | $2,579 |
| Net Land, buildings, and equipment | $327,302 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,574,606 |
| Total assets | $11,134,674 |
| Accounts payable and accrued expenses | $361,308 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $128,219 |
| Other liabilities | $8,133,336 |
| Total liabilities | $8,622,863 |
| Net assets without donor restrictions | $1,583,156 |
| Net assets with donor restrictions | $928,655 |
| 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 | $11,134,674 |