Denver Academy Inc
- Assets
- $58.7m
- Revenue
- $16.8m
- Investments
- $0.0
- Employees
- 97
- Location
- Denver, CO
- Founding
- 04/1976
- Data as of
- 06/2022
- EIN
- 84-0678685
Organization Overview
Denver Academy Inc is located in Denver, CO. The organization was established in 1976. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Denver Academy Inc employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denver Academy 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, Denver Academy Inc generated $16.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $14.1m during the year ending 06/2022. While expenses have increased by 4.1% per year over the past 7 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
EDUCATION OF STUDENTS WITH LEARNING DIFFERENCES
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIAGNOSIS AND TREATMENT OF STUDENTS WITH LEARNING DIFFERENCES OR DIFFICULTIES AND ASSOCIATED HANDICAPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Twarogowski Headmaster/president & CEO | Officer | 40 | $324,450 |
Eric Humble Director Of Finance/treasurer | Officer | 40 | $160,000 |
Mark Wood Staff | 40 | $124,760 | |
Lori Hull Staff | 40 | $124,760 | |
Jim Levinson Staff | 40 | $118,319 | |
Philippe Ernewein Staff | 40 | $117,584 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clutch Design Studio Llc Architect | 6/29/22 | $299,238 |
Tierney Equipment, Licensing | 6/29/22 | $188,657 |
We Anderson Environmental Consulting | 6/29/22 | $109,222 |
Jhl Constructors Inc Construction | 6/29/22 | $297,084 |
Service Solutions Cleaning Services | 6/29/22 | $121,041 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $630,031 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,608,318 |
| Noncash contributions included in lines 1a–1f | $42,195 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,238,349 |
| Total Program Service Revenue | $14,063,656 |
| Investment income | $399,908 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $53,335 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,828,553 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,598,223 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $484,450 |
| Compensation of current officers, directors, key employees. | $484,450 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,824,103 |
| Pension plan accruals and contributions | $377,338 |
| Other employee benefits | $861,788 |
| Payroll taxes | $528,765 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,750 |
| Fees for services: Accounting | $51,014 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $13,214 |
| Fees for services: Investment Management | $47,698 |
| Fees for services: Other | $0 |
| Advertising and promotion | $74,389 |
| Office expenses | $141,940 |
| Information technology | $184,636 |
| Royalties | $0 |
| Occupancy | $98,370 |
| Travel | $54,701 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $103,956 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,205,592 |
| Insurance | $235,000 |
| All other expenses | $166,066 |
| Total functional expenses | $14,141,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $22,183,571 |
| Pledges and grants receivable | $1,691,769 |
| Accounts receivable, net | $39,856 |
| 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 | $77,082 |
| Net Land, buildings, and equipment | $28,006,286 |
| Investments—publicly traded securities | $6,547,222 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $190,601 |
| Total assets | $58,736,787 |
| Accounts payable and accrued expenses | $747,047 |
| Grants payable | $0 |
| Deferred revenue | $5,486,681 |
| Tax-exempt bond liabilities | $3,165,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,398,728 |
| Net assets without donor restrictions | $33,956,100 |
| Net assets with donor restrictions | $15,381,959 |
| 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 | $58,736,787 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Denver Academy Inc has recieved totaling $743,328.
| Awarding Organization | Amount |
|---|---|
Denver Foundation Denver, CO PURPOSE: SCHOLARSHIPS | $263,000 |
Mile High United Way Inc Denver, CO PURPOSE: DESIGNATION | $161,350 |
Zeff Kesher Foundation Denver, CO PURPOSE: CHARITABLE PURPOSE | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $63,936 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $45,058 |
Lockton Family Foundation Kansas City, MO PURPOSE: GENERAL OPERATING SUPPORT - EDUCATION | $30,000 |
Endowment Analysis
| Beg. Balance | $7,454,816 |
| Earnings | -$1,137,042 |
| Net Contributions | $64,809 |
| Other Expense | $11 |
| Grants | $207,284 |
| Ending Balance | $6,175,288 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oklahoma Skynet Inc Midwest City, OK | $2,705,940 | $22,911,561 |
Accel Phoenix, AZ | $21,659,622 | $16,834,387 |
Denver Academy Inc Denver, CO | $58,736,787 | $16,828,553 |
Wyoming Child & Family Developement Inc Guernsey, WY | $6,930,984 | $14,164,050 |
Ddi Vantage Salt Lake City, UT | $1,827,900 | $10,802,741 |
Arizona Autism Charter Schools Inc Phoenix, AZ | $13,345,607 | $11,054,337 |
Gompers Phoenix, AZ | $18,286,874 | $10,952,471 |
Logan School For Creative Learning Inc Denver, CO | $15,343,690 | $7,097,890 |
New Way Academy Phoenix, AZ | $6,840,428 | $8,782,802 |
Grande Innovation Academy Casa Grande, AZ | $15,827,878 | $7,387,489 |
Joshua Inc Englewood, CO | $3,598,782 | $6,861,166 |
Inspiration Field La Junta, CO | $7,395,342 | $7,021,041 |