Knowledge Quest Academy
- Assets
- $9.3m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 55
- Location
- Milliken, CO
- Founding
- 05/2002
- Data as of
- 06/2021
- EIN
- 84-1559556
Organization Overview
Knowledge Quest Academy is located in Milliken, CO. The organization was established in 2002. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Knowledge Quest Academy employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Knowledge Quest Academy 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 06/2021, Knowledge Quest Academy generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $3.3m during the year ending 06/2021. While expenses have increased by 0.9% per year over the past 6 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
KNOWLEDGE QUEST ACADEMY IS A K-8 CHARTER SCHOOL THAT USES THE CORE KNOWLEDGE EDUCATIONAL PROGRAM, WITH EMPHASIS ON A CODE OF ETHICS. CLASS SIZES ARE SMALL AND ENROLLMENT IS APPROXIMATELY 410 STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE EXPENSES INCLUDE ALL COSTS NECESSARY TO OPERATE A K-8 CHARTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Spreitzer Principal | Officer | 40 | $91,582 |
Tauna Esslinger Chairperson | Trustee | 1 | $0 |
Gabe Thexton Co-Chairperson | Trustee | 1 | $0 |
Mike Bailey Director | Trustee | 1 | $0 |
Doug Chinn Secretary | Trustee | 1 | $0 |
Malyka Korgan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $445,096 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,772 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $463,868 |
| Total Program Service Revenue | $3,540,444 |
| Investment income | $267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $57,804 |
| 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 | $4,071,950 |
| 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. | $97,627 |
| Compensation of current officers, directors, key employees. | $97,627 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,615,104 |
| Pension plan accruals and contributions | $357,961 |
| Other employee benefits | $322,778 |
| Payroll taxes | $24,835 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,340 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $17,538 |
| Royalties | $0 |
| Occupancy | $70,747 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $135,085 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,947 |
| Insurance | $29,849 |
| All other expenses | $22,022 |
| Total functional expenses | $3,330,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,581,660 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $64,608 |
| Accounts receivable, net | $658 |
| 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 | $4,090,609 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,559,750 |
| Total assets | $9,297,285 |
| Accounts payable and accrued expenses | $207,479 |
| Grants payable | $0 |
| Deferred revenue | $4,087 |
| 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 | $3,985,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,151,400 |
| Total liabilities | $10,347,966 |
| Net assets without donor restrictions | -$1,050,681 |
| 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 | $9,297,285 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Knowledge Quest Academy has recieved totaling $2,950.
| Awarding Organization | Amount |
|---|---|
The Bessie Minor Swift Foundation Carlsbad, CA PURPOSE: FOR THE PURCHASE OF THE MCP PLAID CURRICULUM THROUGH PEARSON AND A RANGE OF BOOKS, GAMES AND HANDS-ON MANIPULATIVES | $1,475 |
The Bessie Minor Swift Foundation Carlsbad, CA PURPOSE: FOR THE PURCHASE OF THE MCP PLAID CURRICULUM THROUGH PEARSON AND A RANGE OF BOOKS, GAMES AND HANDS-ON MANIPULATIVES | $1,475 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Community Development Corporation Tucson, AZ | $20,473,547 | $20,902,974 |
Academy Of Math & Science Inc Tucson, AZ | $35,777,199 | $18,613,878 |
Windsor Charter Academy Windsor, CO | $36,625,608 | $15,987,871 |
Science Technology Engineering And Math Stem High School Highlands Ranch, CO | $15,587,452 | $17,872,586 |
Stargate Charter School Thornton, CO | $19,773,978 | $21,738,033 |
Syracuse Arts Academy Inc Syracuse, UT | $37,683,088 | $15,500,034 |
Legacy Traditional School-Surprise Chandler, AZ | $32,091,284 | $16,357,315 |
American Leadership Academy Inc Spanish Fork, UT | $40,999,211 | $16,702,602 |
Chavez Huerta K-12 Preparatory Academy Pueblo, CO | $45,291,290 | $14,740,819 |
Liberty Tradition Charter School Phoenix, AZ | $15,402,752 | $15,178,313 |
Excelsior Academy Erda, UT | $21,101,376 | $14,135,210 |
Ascent Classical Academy Charter Schools Inc Golden, CO | $7,199,247 | $14,781,015 |