SILVER SPRUCE ACADEMY INC

EIN: 463555425 501(c)(3) Education

BAYFIELD, CO

Total Revenue
$301,517
Total Expenses
$249,052
Total Assets
$202,233
Net Assets
$197,644
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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
CO
Principal Officer
NATALIE HORN-HOWARD
Phone
9705005657
Tax Period
2023-07-01 to 2024-06-30

SILVER SPRUCE ACADEMY INC, founded in 2013, is a small nonprofit in the Education sector that reported $302K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $52K, a strong 17% operating margin.

Mission

SILVER SPRUCE ACADEMY PROVIDES SUPPLEMENTAL PROGRAMS AND RESOURCES UTILIZED IN CURRICULUM EDUCATION TO STUDENTS AND FAMILIES THROUGHOUT THE FOUR CORNERS AREA, IN COLLABORATION WTIH OTHER EDUCATIONAL INSTITUTIONS.

Program Service Accomplishments

Program 1
Expenses: $198,963 Revenue: $299,866

SPRUCE HAS BEEN IN OPERATION FOR 11 YEARS FOR K-12 SCHOOL CHOICE SERVICES IN THE FOUR CORNERS AREA, WITH 21 YEARS WORKING WITH AREA SHARED SCHOOL STUDENTS, FAMILIES, AND STAKEHOLDERS. WE ARE...

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SPRUCE HAS BEEN IN OPERATION FOR 11 YEARS FOR K-12 SCHOOL CHOICE SERVICES IN THE FOUR CORNERS AREA, WITH 21 YEARS WORKING WITH AREA SHARED SCHOOL STUDENTS, FAMILIES, AND STAKEHOLDERS. WE ARE APPRECIATIVE OF OUR CONTRACTS WITH MOUNTAIN MIDDLE SCHOOL, ANIMAS HIGH SCHOOL, PUEBLO COMMUNITY COLLEGE, SAN JUAN COLLEGE, CHARTER SCHOOL INSTITUTE AND COLORADO DEPARTMENT OF EDUCATION TO CONTINUE BEING ABLE TO FUND OUR EFFORTS. WE SERVED 87 FUNDED STUDENTS, EMPLOYED 10 STAFF MEMBERS, BENEFITTED FROM 109 VOLUNTEERS W/ OVER 484 HOURS TO OFFER 103 CLASSES AND 44 EDUCATIONAL EVENTS TO A TOTAL OF 273 STUDENT PARTICIPANTS, AND APPRECIATED THE LEADERSHIP OF OUR 3 EXECUTIVE BOARD MEMBERS THAT HAVE SERVED ADDITIONAL TERMS IN SUPPORT OF OUR ENDEAVORS WE COMPLETED OUR 4TH YEAR AT THE LEASED CAMPUS AT 6699 CR 521, BAYFIELD, CO 81122 LOCATION OF 40 ACRES OF RURAL OUTDOOR ADVENTURES NEAR LAKES, RIVERS, TRAILS AND FIELDS WITH INDOOR CLASSROOMS TO OFFER CLASSES IN; HUNTER'S SAFETY, PARKS & PARKOUR, FOLIAGE & FAIRIES, BAKING, PUBLIC SPEAKING, INTERIOR DESIGN, TECHNOLOGY & ROBOTS, PERSONAL FINANCE, FORENSIC, THEATER, SPANISH, FLORA & FAUNA, OUTDOOR SPORTS/HISTORY, BOUNTIFUL BREADS, MICROWAVE MAGICIANS, ROMAN NUMERALS, BIRDS, ARCHERY, REUSE YOUR FOOD, BRANCHES OF SCIENCE, WACKY WILD ANIMALS, BASKET BUNDLES, CONSTRUCTION CHALLENGES, TOASTER TREATS, ANIMAL HABITATS, WILLY WONKA PLAY, FORAGING FUN, INTUITION & HORSES, SLIPPERY SOAPS, PUNNETT SQUARE, HOMESTEADING, SWORD FIGHTING, ROPES & KNOTS, PLANTS TO DYE FOR, FORENSICS, HISTORICAL FIGURES, CREATIVE CANDLES, CULINARY CHEFS, ASPIRING ENTREPRENEURS AND MORE SPRUCE HAD TO SELL OUR PROPERTY NOVEMBER 2023 AT 743 CR 510, DURANGO, CO 81303 THAT WE HAD PLANNED TO BUILD OUR FUTURE PERMANENT CAMPUS ON DUE TO THE EXPONENTIAL EFFECTS OF INFLATION AND THE OUTFALL OF COVID-19. OUR 5,000 SQ. FT. BUILD ESTIMATED AT 900,000 @ 2.1% IN 2019 CAME TO A CLOSE AT 3.6 MILLION @ 8.7% WHEN WE WERE INFORMED AUG. 2023 BY USDA THAT OUR PROJECT WAS BEING DENIED AFTER FOUR YEARS IN PROGRESS, APPEALS, AND COVID-19 CHAOS. WE WERE GREATLY SADDENED AS WE HAD INVESTED ALMOST 10 YEARS INTO NUMEROUS ASPECTS OF THE PROJECT INCLUDING TIME, MONEY, AND ENERGY BUT WE UNDERSTOOD THE FINANCIAL RAMIFICATIONS THAT INFLATION HAD CREATED. SPRUCE REMAINS A VIABLE AND SUCCESSFUL NON-PROFIT CREATING FINANCIAL FEASIBILITY AND STABILITY FOR THE ORGANIZATION, STAFF, PARTICIPANTS, AND COMMUNITY COLLABORATIONS AND WHILE WE CONSIDERED CLOSING DOWN THE SCHOOL AFTER THE 2023-2024 SCHOOL YEAR FROM THE HEARTBREAK OF SELLING OUR PROPERTY AND CHALLENGE OF ESTABLISHING A PERMANENT HOME FOR OUR PROGRAM, WE FOUND AN INCREDIBLE OPPORTUNITY TO MOVE TO SDA AT 1775 FLORIDA RD. SUITE A DURANGO, CO 81301 WHERE THE COLUMBINE CHRISTIAN ACADEMY CAMPUS HAD OPERATED UP UNTIL 2016 BUT COULD NOT OPEN DUE TO CHALLENGES OF ITS OWN. WE ARE EXCITED FOR THE POSSIBILITY THAT THIS COULD BE OUR PERMANENT LOCATION FOR YEARS TO COME. OUR MISSION TO PROVIDE EDUCATIONAL ENRICHMENT PROGRAMS AND COURSES TO STUDENTS AND FAMILIES THROUGHOUT THE FOUR CORNERS AREA, IN COLLABORATION WITH OTHER EDUCATIONAL ORGANIZATIONS WILL CONTINUE AT THIS NEW CAMPUS WITH MORE SPACE, CLASSROOMS AND OUTDOOR AREAS TO CONTINUE OUR EXPERIENTIAL LEARNING SHARED SCHOOL NON-PROFIT EDUCATIONAL OPPORTUNITIES FOR OUR STUDENTS, STAFF, FAMILIES, COLLABORATORS, PARTICIPANTS, AND STAKEHOLDERS WHO HAVE SUPPORTED US THROUGH THESE CHALLENGING TIMES AND ENCOURAGE US TO CONTINUE OUR MISSION, SUPPORT OUR WORK, AND CELEBRATE OUR SUCCESSES THROUGH THE CHALLENGES EXCITED FOR OUR 12TH YEAR IN OPERATION FOR THE 2024-2025 SCHOOL YEAR AND FUTURE YEARS TO COME

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,370
Program Service Revenue $299,866
Investment Income $147
Other Revenue $134
TOTAL REVENUE $301,517

Expense Breakdown

Grants Paid $0
Salaries & Benefits $146,250
Fundraising Expenses $9,634
Program Expenses $198,963
Other Expenses $102,802
TOTAL EXPENSES $249,052

Year-over-Year Comparison

2023 2022 Change
Revenue $301,517 $269,568 +0.1%
Expenses $249,052 $286,762 -0.1%
Net Income $52,465 $-17,194 -4.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
9
Volunteers
157

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$71,384
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NATALIE HORN-HOWARD EXECUTIVE DI 40.00
Officer
$71,384 $0 $71,384
JONATHAN DRAKE PRESIDENT 2.00
Officer Director
$0 $0 $0
MONICA WAGNER VP & SECRETA 2.00
Officer Director
$0 $0 $0
RYLEE MESHEW TREASURER 2.00
Officer Director
$0 $0 $0
SUSAN VISSER DIRECTOR 1.00
Director
$0 $0 $0
LURI OWEN DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $301,517 $249,052 $202,233 $52,465
2023 $269,568 $286,762 $277,624 $-17,194
2022 $210,712 $189,068 $292,486 $21,644
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