Denver Academy Inc
- Assets
- $64.6m
- Revenue
- $19.5m
- Investments
- $0.0
- Employees
- 169
- Location
- Denver, CO
- Founding
- 04/1976
- Data as of
- 06/2024
- 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 06/2024, Denver Academy Inc employed 169 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 06/2024, Denver Academy Inc generated $19.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $16.4m during the year ending 06/2024. While expenses have increased by 4.9% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND EMPOWER DIVERSE LEARNERS THROUGH STUDENT-CENTERED, DIFFERENTIATED, AND TRANSFORMATIVE EDUCATION.
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 Head Of Scho | Officer | 40 | $336,098 |
Eric Humble Dir Of Fin Treasurer | Officer | 40 | $171,360 |
Lori Hull Head Of Lowe | 40 | $133,338 | |
Mark Wood Head Of High | 40 | $130,674 | |
Philippe Ernewein Dir. Of Educ | 40 | $119,107 | |
James Levinson Dir. Of Faci | 40 | $114,582 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Creative Learning Classroom Equip | 6/29/24 | $169,239 |
Jhl Constructors In Construction | 6/29/24 | $8,820,429 |
Clutch Design Studio Architect | 6/29/24 | $114,265 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $382,051 |
| Related organizations | $0 |
| Government grants | $550,395 |
| All other contributions, gifts, grants, and similar amounts not included above | $816,858 |
| Noncash contributions included in lines 1a–1f | $159,661 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,749,304 |
| Total Program Service Revenue | $16,462,946 |
| Investment income | $759,466 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $481,175 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,466,817 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,756,537 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $510,215 |
| Compensation of current officers, directors, key employees. | $510,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,790,007 |
| Pension plan accruals and contributions | $408,122 |
| Other employee benefits | $847,950 |
| Payroll taxes | $636,067 |
| 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 | $38,833 |
| Fees for services: Other | $604,098 |
| Advertising and promotion | $81,556 |
| Office expenses | $545,385 |
| Information technology | $137,912 |
| Royalties | $0 |
| Occupancy | $593,490 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $217,120 |
| Interest | $143,818 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,530,396 |
| Insurance | $292,056 |
| All other expenses | $0 |
| Total functional expenses | $16,431,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $13,651,126 |
| Pledges and grants receivable | $303,680 |
| 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 | $65,001 |
| Net Land, buildings, and equipment | $38,572,554 |
| Investments—publicly traded securities | $11,959,674 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,333 |
| Total assets | $64,586,768 |
| Accounts payable and accrued expenses | $111,621 |
| Grants payable | $0 |
| Deferred revenue | $5,244,912 |
| Tax-exempt bond liabilities | $2,621,157 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,324,390 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,302,080 |
| Net assets without donor restrictions | $46,100,086 |
| Net assets with donor restrictions | $9,184,602 |
| 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 | $64,586,768 |