Nonprofit · EIN 84-1484574
ACADEMY OF CHARTER SCHOOLS INC
Tax-exempt (reinstated) · WESTMINSTER, CO 80031
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $31,205,806 | $26,212,320 | $4,993,486 | $63,804,065 | $69,519,004 | -$5,714,939 |
| June 30, 2024 | 990 | $27,548,189 | $24,438,582 | $3,109,607 | $49,851,651 | $60,560,076 | -$10,708,425 |
| June 30, 2023 | 990 | $25,116,538 | $21,182,550 | $3,933,988 | $43,061,779 | $56,401,651 | -$13,339,872 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,153,493
- of which government grants
- $4,027,155
- Program service revenue
- $25,755,460
- Investment income
- $827,179
- Other revenue
- $469,674
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $12,772,855
- Salaries, compensation and benefits (total)
- $17,745,461
- Professional fundraising fees
- $0
- Legal fees
- $21,149
- Accounting fees
- $11,000
- Depreciation
- $822,399
- Program services (functional)
- $13,460,494
- Management and general (functional)
- $12,701,707
- Fundraising (functional)
- $50,119
Balance sheet and other
- Total assets, start of year
- $49,851,651
- Total assets, end of year
- $63,804,065
- Total liabilities, end of year
- $69,519,004
- Net assets, end of year
- -$5,714,939
- Land, buildings and equipment
- $26,540,111
- Gross receipts
- $31,205,806
- Employees
- 244
- Volunteers
- 65
- Year formed
- 1994
- State of legal domicile
- CO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Brent Reckman | CEO Highest-paid employee | 40 | $162,557 | $39,176 |
| Sarah Gramarosa | Chief Academic Officer Highest-paid employee | 40 | $121,966 | $29,394 |
| Stephanie Mann | HS Principal Highest-paid employee | 40 | $120,047 | $28,931 |
| Roxanne Elsworth | MS Principal Highest-paid employee | 40 | $112,057 | $27,006 |
| Suzie Galbraith | K-12 Principal Highest-paid employee | 40 | $105,718 | $25,478 |
| Sarah Drewlow | Member Trustee or director, Officer | 2 | $0 | $0 |
| Amy McDuffee | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Dan Klenjoski | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Autumn Coffee | Member Trustee or director, Officer | 2 | $0 | $0 |
| Kevin Sanchez | Member Trustee or director | 2 | $0 | $0 |
| Larissa Fransua | Member Trustee or director | 2 | $0 | $0 |
| Kristen Cofrades | Secretary Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Brent Reckman | CEO Highest-paid employee | 40 | $152,212 | $31,051 |
| Mark Wilson | CFO Highest-paid employee | 40 | $134,726 | $27,484 |
| Stephanie Mann | HS Principal Highest-paid employee | 40 | $111,108 | $22,666 |
| Sarah Drewlow | Member Trustee or director, Officer | 2 | $0 | $0 |
| Amy McDuffee | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Dan Klenjoski | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Autumn Coffee | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Kevin Sanchez | Member Trustee or director | 2 | $0 | $0 |
| Larissa Fransua | Member Trustee or director | 2 | $0 | $0 |
| Kristen Cofrades | CEO Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Brent Reckman | CEO Highest-paid employee | 40 | $113,231 | $24,231 |
| Kevin Sanchez | Member Trustee or director | 2 | $0 | $0 |
| Sarah Drewlow | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Autumn Coffee | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Amy McDuffee | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Dan Klenjoski | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Larissa Fransua | Member Trustee or director | 2 | $0 | $0 |
| Kristen Cofrades | Member Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 11800 LOWELL BLVD, WESTMINSTER, CO 80031-5097
- In care of
- % SARAH DREWLOW
- Principal officer (990 for 2024)
- Sarah Drewlow, 11800 LOWELL BLVD, WESTMINSTER, CO 80031
- Signed the 990
- Sarah Drelow, President
- Phone
- (303) 289-8088
- Website
- www.theacademyk12.org
- Return prepared by
- John Cutler & Associates LLC
Mission
Form 990 - Organizations Mission The Academy provides education to Pre-Kindergarten through 12th Grade students. The Academy serves our students to develop college ready exemplary citizens by promoting excellence in academics character and relationships.
Program accomplishments
- Education of Pre K through 12th grade students.Expenses $13,460,494
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 84-1484574
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $63,804,065
- Income (IRS master file)
- $31,205,806
Revocation and reinstatement
- Exemption revoked
- November 15, 2010
- Posted by the IRS
- July 13, 2011
- Reinstated
- Effective May 15, 2014
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $31,205,806 | $26,212,320 | $63,804,065 | XML |
| 990 | June 2024 | $27,548,189 | $24,438,582 | $49,851,651 | XML |
| 990 | June 2023 | $25,116,538 | $21,182,550 | $43,061,779 | XML |
| 990 | June 2022 | $23,073,081 | $13,013,665 | $39,422,450 | IRS |
| 990 | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-1484574).
Questions about ACADEMY OF CHARTER SCHOOLS INC
- What is the EIN of ACADEMY OF CHARTER SCHOOLS INC?
- The employer identification number (EIN) of ACADEMY OF CHARTER SCHOOLS INC is 84-1484574.
- Is ACADEMY OF CHARTER SCHOOLS INC tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2010 and reinstated it effective May 15, 2014.
- Are donations to ACADEMY OF CHARTER SCHOOLS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ACADEMY OF CHARTER SCHOOLS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ACADEMY OF CHARTER SCHOOLS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ACADEMY OF CHARTER SCHOOLS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ACADEMY OF CHARTER SCHOOLS INC?
- The 990 for the year ended June 30, 2025 names Sarah Drewlow.
- Who are the officers and directors of ACADEMY OF CHARTER SCHOOLS INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 5 received compensation from the organization, the highest $162,557 (Brent Reckman, CEO).
- How much revenue does ACADEMY OF CHARTER SCHOOLS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $31,205,806, expenses of $26,212,320 and total assets of $63,804,065 at year end.
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