Challenge To Excellence Charter School
- Assets
- $10.8m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 71
- Location
- Parker, CO
- Founding
- 04/2003
- Data as of
- 06/2023
- EIN
- 81-0554704
Organization Overview
Challenge To Excellence Charter School is located in Parker, CO. The organization was established in 2003. 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, Challenge To Excellence Charter School employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Challenge To Excellence Charter School 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, Challenge To Excellence Charter School generated $6.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $6.1m 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.TO PROVIDE EDUCATION TO STUDENTS IN GRADES KINDERGARTEN THROUGH 8TH GRADE TO PREPARE THEM FOR A COMPLEX SOCIAL, GLOBAL AND ECONOMIC FUTURE BY DELIVERING A COMPREHENSIVE, EDUCATIONAL PROGRAM WITH A CHALLENGING CURRICULUM THAT COMBINES BASIC SKILLS WITH A STRONG FOCUS ON STANDARDS-BASED EDUCATION. OUR CURRICULUM INTEGRATES READING, WRITING, MATH, AND SCIENCE THROUGH THE APPLIED TECHNOLOGIES TO RESULT IN STUDENTS WHO ARE CRITICAL THINKERS, PROBLEM SOLVERS, LIFE-LONG LEARNERS, AND ACHIEVERS, FLEXIBLE AND ADAPTABLE, EMPOWERED AND ACADEMICALLY WELL-ROUNDED AND PROFICIENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATION TO STUDENTS IN GRADES KINDERGARTEN THROUGH 8TH GRADE TO PREPARE THEM FOR A COMPLEX SOCIAL, GLOBAL AND ECONOMIC FUTURE BY DELIVERING A COMPREHENSIVE, EDUCATIONAL PROGRAM WITH A CHALLENGING CURRICULUM THAT COMBINES BASIC SKILLS WITH A STRONG FOCUS ON STANDARDS-BASED EDUCATION, BENEFITING 578 STUDENTS IN 2022-2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jocelyn Rhymer Councilperson | Trustee | 2 | $0 |
Anne Denham Vice Chair | OfficerTrustee | 2 | $0 |
Amy Kozleski Treasurer | OfficerTrustee | 2 | $0 |
Miles Cortez Chair | OfficerTrustee | 2 | $0 |
Nathan Ramsey Secretary | OfficerTrustee | 2 | $0 |
Sowmya Makam Councilperson | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Daren Brown Cleaning Service | 6/29/23 | $136,720 |
G&g Consulting Group Llc Finance And Hr Services | 6/29/23 | $106,416 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $563,675 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,786 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $568,461 |
| Total Program Service Revenue | $5,723,655 |
| Investment income | $154,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,791 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $95,511 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,651,052 |
| 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. | $160,304 |
| Compensation of current officers, directors, key employees. | $160,304 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,655,352 |
| Pension plan accruals and contributions | $542,105 |
| Other employee benefits | $323,477 |
| Payroll taxes | $44,695 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,933 |
| Fees for services: Accounting | $9,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $671,884 |
| Advertising and promotion | $1,070 |
| Office expenses | $28,382 |
| Information technology | $176,905 |
| Royalties | $0 |
| Occupancy | $368,665 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $309,338 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $226,840 |
| Insurance | $46,323 |
| All other expenses | $8,035 |
| Total functional expenses | $6,074,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $985,982 |
| Savings and temporary cash investments | $4,072,737 |
| Pledges and grants receivable | $15,826 |
| Accounts receivable, net | $114,904 |
| 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 | $179,490 |
| Net Land, buildings, and equipment | $3,995,278 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,471,773 |
| Total assets | $10,835,990 |
| Accounts payable and accrued expenses | $425,074 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $6,300,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $13,148 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,197,820 |
| Total liabilities | $13,936,042 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$782,182 |
| Paid-in or capital surplus, or land, building, or equipment fund | -$2,317,870 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,835,990 |