Ascent Classical Academy Charter Schools Inc
- Assets
- $7.2m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Golden, CO
- Founding
- 05/2018
- Data as of
- 06/2022
- EIN
- 82-3791408
Organization Overview
Ascent Classical Academy Charter Schools Inc is located in Golden, CO. The organization was established in 2018. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ascent Classical Academy Charter Schools 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, Ascent Classical Academy Charter Schools Inc generated $14.8m in total revenue. All expenses for the organization totaled $13.0m during the year ending 06/2022. While expenses have increased by 139.8% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASCENT CLASSICAL ACADEMIES TRAIN THE MINDS AND IMPROVE THE HEARTS OF YOUNG PEOPLE THROUGH A CLASSICAL, CONTENT-RICH EDUCATION IN THE LIBERAL ARTS AND SCIENCES, WITH INSTRUCTION IN THE PRINCIPLES OF MORAL CHARACTER AND CIVIC VIRTUE IN AN ORDERLY AND DISCIPLINED ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Fuller Secretary | OfficerTrustee | 2 | $0 |
Stephen Gilmartin Vice President | OfficerTrustee | 2 | $0 |
Rob Williams President | OfficerTrustee | 2 | $0 |
Derec Shuler Executive Director | Officer | 40 | $0 |
Steve Peck Director | Trustee | 2 | $0 |
Rick Gillan Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,376,162 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,895 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,431,057 |
| Total Program Service Revenue | $12,120,447 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $219,438 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,781,015 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,915 |
| Office expenses | $0 |
| Information technology | $6,686 |
| Royalties | $0 |
| Occupancy | $715,805 |
| Travel | $1,531 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,840,237 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,421 |
| Insurance | $70,936 |
| All other expenses | $612,589 |
| Total functional expenses | $12,958,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,736,120 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $925,551 |
| Accounts receivable, net | $234,819 |
| 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 | $94,994 |
| Net Land, buildings, and equipment | $2,182,763 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,000 |
| Total assets | $7,199,247 |
| Accounts payable and accrued expenses | $1,747,729 |
| Grants payable | $0 |
| Deferred revenue | $156,961 |
| 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 | $2,323,757 |
| Other liabilities | $0 |
| Total liabilities | $4,228,447 |
| Net assets without donor restrictions | $2,427,100 |
| Net assets with donor restrictions | $543,700 |
| 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 | $7,199,247 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ascent Classical Academy Charter Schools Inc has recieved totaling $305,710.
| Awarding Organization | Amount |
|---|---|
Daniels Fund Denver, CO PURPOSE: CONTINUING EXPANSION AND PLANNING FOR CHARTER SCHOOLS | $290,000 |
Community Foundation Of North Texas Fort Worth, TX PURPOSE: FOR PHASE III : OUTDOOR PLAY FACILITIES | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $710 |
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 |