Merit Academy
- Assets
- $1.2m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 53
- Location
- Woodland Park, CO
- Founding
- Data as of
- 06/2022
- EIN
- 85-2365942
Organization Overview
Merit Academy is located in Woodland Park, CO. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Merit Academy employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merit Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MERIT ACADEMY WILL CULTIVATE THE MINDS AND NURTURE THE HEARTS OF K-12 YOUTH IN THE UTE PASS/WOODLAND PARK REGION WITH INSTRUCTION IN THE PRINCIPLES OF MORAL CHARACTER AND CIVIC VIRTUE, EMPLOYING HONORED FOUNDATIONS OF CLASSICAL EDUCATION AND CORE KNOWLEDGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERIT ACADEMY WILL CULTIVATE THE MINDS AND NURTURE THE HEARTS OF K-12 YOUTH IN THE UTE PASS/WOODLAND PARK REGION WITH INSTRUCTION IN THE PRINCIPLES OF MORAL CHARACTER AND CIVIC VIRTUE, EMPLOYING HONORED FOUNDATIONS OF CLASSICAL EDUCATION AND CORE KNOWLEDGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gwynne Pekron Headmaster | Officer | 60 | $14,425 |
Jason Ledlie Board Vice President | OfficerTrustee | 5 | $0 |
Nicole Waggoner Board President | OfficerTrustee | 5 | $0 |
Mary Sekowski Board Treasurer | OfficerTrustee | 5 | $0 |
John Dill Board Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $240,006 |
| All other contributions, gifts, grants, and similar amounts not included above | $505,408 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $745,414 |
| Total Program Service Revenue | $1,979,137 |
| Investment income | $371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,734,807 |
| 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. | $45,000 |
| Compensation of current officers, directors, key employees. | $6,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,117,518 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $158,622 |
| Payroll taxes | $1,961 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,341 |
| Fees for services: Accounting | $14,573 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,565 |
| Advertising and promotion | $2,011 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,971 |
| Travel | $11,855 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,860 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $380,413 |
| Insurance | $29,912 |
| All other expenses | $1,088 |
| Total functional expenses | $2,567,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $478,329 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $80,501 |
| 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 | $6,687 |
| Net Land, buildings, and equipment | $634,351 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,458 |
| Total assets | $1,211,326 |
| Accounts payable and accrued expenses | $192,710 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $804,765 |
| Other liabilities | $0 |
| Total liabilities | $997,475 |
| Net assets without donor restrictions | $150,851 |
| Net assets with donor restrictions | $63,000 |
| 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 | $1,211,326 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Merit Academy has recieved totaling $7,251.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $7,251 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association Of Christian Schools International Colorado Springs, CO | $18,742,731 | $17,834,465 |
Horizon Community Learning Center Inc Phoenix, AZ | $18,558,731 | $15,800,218 |
Cheyenne Mountain Charter Academy Colorado Springs, CO | $6,874,430 | $14,641,481 |
Gilbert Christian Schools Inc Gilbert, AZ | $7,847,673 | $15,216,131 |
Heritage Academy Inc Mesa, AZ | $18,363,649 | $13,455,385 |
Kingman Academy Of Learning Kingman, AZ | $18,472,423 | $13,887,291 |
Legacy Traditional School-Queen Creek Chandler, AZ | $20,023,143 | $11,762,909 |
Legacy Traditional School- Avondale Inc Chandler, AZ | $23,043,250 | $12,125,697 |
Pan-American Elementary Charter School Phoenix, AZ | $37,196,562 | $11,678,522 |
Oklahoma Christian Schools Incorporated Edmond, OK | $41,374,712 | $15,358,139 |
Shiprock Associated Schools Inc Shiprock, NM | $31,955,534 | $19,122,666 |
Vista College Preparatory Inc Phoenix, AZ | $23,500,378 | $10,120,294 |