Colorado Aerolab Inc
- Assets
- $67.7k
- Revenue
- $472.1k
- Investments
- $0.0
- Employees
- 44
- Location
- Grand Lake, CO
- Founding
- 02/2018
- Data as of
- 06/2022
- EIN
- 82-2188205
Organization Overview
Colorado Aerolab Inc is located in Grand Lake, CO. The organization was established in 2018. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Colorado Aerolab Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Aerolab Inc 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 Aerolab Inc generated $472.1k in total revenue. All expenses for the organization totaled $461.2k during the year ending 06/2022. While expenses have increased by 82.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COLORADO AEROLAB'S MISSION IS TO REACH THE CHILD WHO HUNGERS FOR PURPOSE THROUGH INNOVATIVE EDUCATIONAL PROGRAMS, COLLABORATING WITH FAMILIES AND SCHOOLS FOR THE BENEFIT OF THE LOCAL COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATED 21ST CENTURY COMMUNITY LEARNING CENTERS IN THE RURAL SCHOOL DISTRICTS OF NORTHWESTERN AND SOUTHEASTERN COLORADO. THE CENTERS PROVIDED ACADEMIC AND ENRICHMENT SERVICES TO STUDENTS DURING NON-SCHOOL HOURS. EMPHASIS WAS GIVEN TO LEARNING OPPORTUNITIES INVOLVING PROJECTS IN DESIGN THINKING, PROBLEM-BASED LEARNING, AND TEAM BUILDING. FOR THE 2021-22 YEAR, 250 STUDENTS INITIALLY ENROLLED; APPROXIMATELY 51 STUDENTS PARTICIPATED IN 30 OR MORE PROGRAM DAYS.
THE ORGANIZATION SEEKS TO DEVELOP NEW EDUCATIONAL MODELS THAT UTILIZE A MULTIDISCIPLINARY APPROACH, INCORPORATING SOCIAL-EMOTIONAL LEARNING,AND LEADERSHIP DEVELOPMENT TO PRODUCE POSITIVE CHANGE IN THE LIVES OF STUDENTS, FAMILIES, AND LOCAL COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jess Buller Director | 40 | $102,040 | |
Elaine Menardi Director | OfficerTrustee | 40 | $100,040 |
Dave Skinner Director | OfficerTrustee | 2 | $0 |
Bill Hill Director | OfficerTrustee | 2 | $0 |
Colleen Murray Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $456,649 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,410 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $471,059 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| 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 | $472,077 |
| 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. | $110,915 |
| Compensation of current officers, directors, key employees. | $16,637 |
| Compensation to disqualified persons | $112,915 |
| Other salaries and wages | $122,184 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,433 |
| Advertising and promotion | $5,282 |
| Office expenses | $3,043 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,200 |
| Travel | $5,229 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $172 |
| Insurance | $7,423 |
| All other expenses | $0 |
| Total functional expenses | $461,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,276 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $432 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $67,708 |
| Accounts payable and accrued expenses | $8,446 |
| Grants payable | $0 |
| Deferred revenue | $3,730 |
| 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 | $0 |
| Total liabilities | $12,176 |
| Net assets without donor restrictions | $55,532 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $67,708 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Colorado Aerolab Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
The Bessie Minor Swift Foundation Carlsbad, CA PURPOSE: TUITION FREE HANDS-ON STEM SUPPORT FOR STUDENTS IN GRADES PK-2 TO ADDRESS COVID-19 LOSSES | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leman Academy Of Excellence Inc Tucson, AZ | $127,912,652 | $38,356,100 |
Valor Christian Schools Highlands Ranch, CO | $100,135,509 | $35,639,062 |
Graland Country Day Denver, CO | $34,468,964 | $24,500,410 |
Ramah Navajo School Board Inc Pine Hill, NM | $44,102,049 | $26,881,100 |
Peak To Peak Charter Schools Inc Lafayette, CO | $45,135,822 | $22,203,170 |
Association Of Christian Schools International Colorado Springs, CO | $18,742,731 | $17,834,465 |
Horizon Community Learning Center Inc Phoenix, AZ | $18,558,731 | $15,800,218 |
Cheyenne Mountain Charter Academy Colorado Springs, CO | $6,874,430 | $14,641,481 |
Gilbert Christian Schools Inc Gilbert, AZ | $7,847,673 | $15,216,131 |
Heritage Academy Inc Mesa, AZ | $18,363,649 | $13,455,385 |
Kingman Academy Of Learning Kingman, AZ | $18,472,423 | $13,887,291 |
Legacy Traditional School-Queen Creek Chandler, AZ | $20,023,143 | $11,762,909 |