Durango Education Center
- Assets
- $1.9m
- Revenue
- $904.5k
- Investments
- $1.2m
- Employees
- 26
- Location
- Durango, CO
- Founding
- 07/1998
- Data as of
- 12/2021
- EIN
- 84-1118878
Organization Overview
Durango Education Center, operating under the name Durango Adult Education Center, is located in Durango, CO. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Durango Adult Education Center employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Durango Adult Education Center 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 12/2021, Durango Adult Education Center generated $904.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $750.8k during the year ending 12/2021. While expenses have increased by 1.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF DURANGO EDUCATION CENTER, AS A CARING LEARNING COMMUNITY, IS TO FILL EDUCATIONAL GAPS BY PROVIDING THE SKILLS AND KNOWLEDGE NECESSARY FOR LIVABLE WAGE CAREERS, POST-SECONDARY EDUCATION, AND SOCIAL AND ECONOMIC MOBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2021 HAS BEEN A CHALLENGING YEAR OF HOLDING TIGHTLY TO THE IMPORTANCE OF OUR MISSION AND ENSURING THAT WE SAFELY MEET THE NEEDS OF ALL STUDENTS AND STAFF. FOR MANY REASONS, DAEC DID SEE A DROP IN BOTH GED AND ESL STUDENT NUMBERS IN 2020 AND 2021. AND NOT UNLIKE MOST ORGANIZATIONS, SAW A SHIFTING IN STAFF AND THE INABILITY TO FILL SOME POSITIONS AS QUICKLY AS WE WOULD HAVE LIKED. THROUGHOUT THE PAST TWO CHALLENGING YEARS, DAEC STUDENTS CONTINUED TO MEET OR EXCEED ALL EDUCATIONAL GOALS AS SET BY STATE AND FEDERAL GRANT STANDARDS. DAEC HAS CONTINUED TO FILL POSITIONS WITH HIGHLY QUALIFIED AND EXCELLENT STAFF, AND NUMBERS CONTINUE TO CLIMB BACK TOWARDS PRE-PANDEMIC LEVELS IN 2022. IN 2022, DAEC IS CELEBRATING 35 YEARS OF SERVICE TO STUDENTS AND COMMUNITY IN THE "FOUR-CORNERS" REGION OF SOUTHWEST COLORADO. THROUGH EXCELLENT PROGRAMS, A QUALIFIED AND DEDICATED STAFF AND BOARD OF DIRECTORS, PRUDENT AND CAREFUL BUDGETING AND FINANCIAL PRACTICES, DAEC WILL CONTINUE TO ENSURE THAT THESE IMPORTANT PROGRAMS THRIVE FOR THE NEXT 35 YEARS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Hakanson Executive Dir. | Officer | 40 | $65,691 |
Allison Aichele Treasurer | OfficerTrustee | 2 | $0 |
Bruce Leclaire Secretary | OfficerTrustee | 2 | $0 |
Alison Williams President | OfficerTrustee | 2 | $0 |
Sandra Berman-La France Director | Trustee | 1 | $0 |
Dean Brookie Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $538,630 |
| All other contributions, gifts, grants, and similar amounts not included above | $360,503 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $899,133 |
| Total Program Service Revenue | $1,650 |
| Investment income | $39 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$511 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $904,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $64,964 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,691 |
| Compensation of current officers, directors, key employees. | $39,414 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $365,216 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,514 |
| Payroll taxes | $32,759 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,314 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,364 |
| Advertising and promotion | $6,844 |
| Office expenses | $33,665 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,902 |
| Travel | $2,581 |
| 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 | $2,861 |
| Insurance | $6,002 |
| All other expenses | $2,931 |
| Total functional expenses | $750,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $373,241 |
| Savings and temporary cash investments | $206,443 |
| Pledges and grants receivable | $2,358 |
| Accounts receivable, net | $54,200 |
| 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 | $4,157 |
| Net Land, buildings, and equipment | $1,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,245,502 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,212 |
| Total assets | $1,892,674 |
| Accounts payable and accrued expenses | $42,462 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,745 |
| 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 | $48,207 |
| Net assets without donor restrictions | $1,742,230 |
| Net assets with donor restrictions | $102,237 |
| 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 | $1,892,674 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Durango Education Center has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Larry And Elizabeth Crawford Family Foundation Durango, CO PURPOSE: EDUCATION | $1,000 |
Endowment Analysis
| Beg. Balance | $238,276 |
| Earnings | $106 |
| Net Contributions | $152,654 |
| Other Expense | -$95,152 |
| Ending Balance | $295,884 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Classical Academy Colorado Springs, CO | $97,154,437 | $39,391,484 |
Spectrum Healthcare Group Inc Cottonwood, AZ | $17,862,058 | $29,292,227 |
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
United States Deputy Sheriffs Association Inc Wichita, KS | $2,971,599 | $19,654,227 |
Arizona Agribusiness & Equine Center Phoenix, AZ | $41,363,992 | $18,352,142 |
Northwest Christian School Phoenix, AZ | $14,587,608 | $15,711,697 |
Fit Kids Inc Scottsdale, AZ | $27,357,951 | $13,904,484 |
Community Action Partnership Of Mid-Nebraska Kearney, NE | $10,567,482 | $13,526,656 |
Center For Academic Success Sierra Vista, AZ | $18,278,347 | $12,993,576 |
Oklahoma Connections Academy Inc Bartlesville, OK | $2,156,539 | $12,078,246 |
Denver Scholarship Foundation Denver, CO | $33,817,323 | $13,999,484 |
Mccalls Chapel School Inc Ada, OK | $9,915,625 | $11,707,804 |