Committee For Catholic Secondary Education In Colorado Springs in Colorado Spgs, Colorado (CO)

Committee For Catholic Secondary Education In Colorado Springs
Employer Identification Number (EIN)	841060677
Name of Organization	Committee For Catholic Secondary Education In Colorado Springs
Address	2501 E Yampa St, Colorado Spgs, CO 80909-3951
Activities	Private school, Scholarships (other), Other school related activities
Subsection	Educational Organization
Ruling Date	09/1988
Deductibility	Contributions are deductible
Foundation	School
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2014
Assets	$10,000,000 to $49,999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$10,279,580
Amount of Income	$3,956,531
Form 990 Revenue Amount	$3,714,722
National Taxonomy of Exempt Entities (NTEE)	Educational Institutions and Related Activities: Secondary, High School

Non-representatives - add comments:

Amount of income in 2014: $3,956,531 (it was $3,726,174 in 2013)

This organization:	$3,956,531
Other organizations performing similar types of work:	$2,322,318

Assets in 2014: $10,279,580 (it was $10,430,657 in 2013)

This organization:	$10,279,580
Other organizations performing similar types of work:	$2,175,848

Expenses in 2014: $3,609,664

This organization:	$3,609,664
Other organizations performing similar types of work:	$2,510,064

Income to expenses ratio in 2014: 1.1

Committee For Catholic Secondary Education In Colorado Springs:	1.1
Other organizations performing similar types of work:	1.1

Number of employees in 2014: 110

Committee For Catholic Secondary Education In Colorado Springs:	110
Other organizations performing similar types of work:	70

Grants share in income in 2014: 22.7%

This organization:	22.7%
Other organizations performing similar types of work:	6.2%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

	2012	2013	2014
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	Yes	Yes	Yes
Is the organization required to complete Schedule B, Schedule of Contributors?	Yes	Yes	Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	Yes	Yes	Yes
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	Yes	Yes	No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	No	No
Did the organization report an amount for other liabilities?	Yes	Yes	Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	Yes	Yes	Yes
Did the organization obtain separate, independent audited financial statements for the tax year?	Yes	Yes	Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?	Yes	Yes	Yes
Is the organization a school described in section 170(b)(1)(A)(ii)?	Yes	Yes	Yes
Did the organization maintain an office, employees, or agents outside of the United States?	No	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	Yes	Yes	Yes
Did the organization report more than $15,000 of gross income from gaming activities?	Yes	Yes	Yes
Did the organization operate one or more hospital facilities?	No	No	No
Did the organization attach a copy of its audited financial statements?	No	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	No	No	No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	No	No	No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	No	No	No
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	Yes	Yes	Yes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No	No
Did the organization receive more than $25,000 in non-cash contributions?	No	No	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No	No
Was the organization related to any tax-exempt or taxable entity?	Yes	Yes	Yes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	No	No
Did the organization make any transfers to an exempt non-charitable related organization?	No	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No	No

	2011	2012	2013	2014
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		15	16	19
The number of Forms W-2G		0	0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	Yes	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		117	113	110
Did the organization file all required federal employment tax returns?		Yes	Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	No	No	No	No
Has it filed a Form 990-T for this year?		No	No	No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No	No
Did the organization file Form 8886-T?		No	No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		Yes	Yes	Yes
Did the organization notify the donor of the value of the goods or services provided?		Yes	Yes	Yes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No	No
Initiation fees and capital contributions	$0	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0	$0
Gross income from other sources	$0	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0	$0
The amount of reserves on hand		$0	$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No	No
Has it filed a Form 720 to report these payments?		No	No	No

	2012	2013	2014
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$159,068	$105,179	$153,073
Total reportable compensation from related organizations	$0	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$15,012	$14,962	$14,690
Total number of individuals who received more than $100,000 of reportable compensation from the organization	0	0	0
Total number of independent contractors who received more than $100,000 of compensation from the organization	0	0	0

	2011	2012	2013	2014
Statement of Revenue
Total revenue	$3,415,469	$3,517,444	$3,726,174	$3,714,722
Contributions, Gifts, Grants and Other Similar Amounts	$537,119	$651,281	$739,652	$843,513
Program Service Revenue	$2,565,396	$2,572,123	$2,676,337	$2,566,336
900099		$2,572,123	$2,676,337	$2,566,336
All other program service revenue		$0	$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$18,821	$133	$64	$8,760
Income from investment of tax-exempt bond proceeds	$0	$0	$0	$0
Royalties	$0	$0	$0	$0
Net rental income	$0	$57,480	$45,950	$34,522
Gross rents (Real / Personal)	$0 / $0	$57,480 / $0	$45,950 / $0	$34,522 / $0
Less: rental expenses (Real / Personal)	$0 / $0	$0 / $0	$0 / $0	$0 / $0
Rental income or (loss) (Real / Personal)	$0 / $0	$57,480 / $0	$45,950 / $0	$34,522 / $0
Net gain/loss from sales of assets other than inventory	$0	$-307	$0	$0
Net income/loss from fundraising events	$89,750	$69,892	$62,015	$54,053
Gross income from fundraising events	$137,383	$116,527	$104,213	$112,179
Less: direct expenses	$47,633	$46,635	$42,198	$58,126
Net income/loss from gaming activities	$49,296	$54,619	$107,898	$115,678
Gross income from gaming activities	$49,296	$54,619	$328,541	$219,409
Less: direct expenses	$0	$0	$220,643	$103,731
Net income/loss from sales of inventory	$8,606	$-1,678	$-896	$10,478
Gross sales of inventory, less returns and allowances	$112,822	$115,267	$101,385	$90,430
Less: cost of goods sold	$104,216	$116,945	$102,281	$79,952
Miscellaneous Revenue	$146,481	$113,901	$95,154	$81,382
711210		$36,417	$65,367	$57,250
900099		$35,000	$19,727	$18,239
900099		$23,439	$5,450	$2,266
All other revenue		$19,045	$4,610	$3,627

	2011	2012	2013	2014
Statement of Functional Expenses
Total functional expenses	$3,858,773	$3,722,762	$3,666,081	$3,609,664
Grants and other assistance to domestic organizations and domestic governments		$0	$0	$0
Grants and other assistance to domestic individuals		$0	$0	$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0	$0
Benefits paid to or for members		$0	$0	$0
Compensation of current officers, directors, trustees, and key employees	$207,466	$124,169	$194,870	$188,292
Compensation not included above, to disqualified persons		$0	$0	$0
Other salaries and wages	$1,785,473	$1,827,030	$2,304,406	$1,805,638
Pension plan accruals and contributions		$0	$0	$0
Other employee benefits		$0	$0	$294,735
Payroll taxes	$447,610	$436,296	$0	$174,108
Fees for services (non-employees)
Management		$0	$0	$0
Legal		$0	$0	$0
Accounting		$0	$0	$0
Lobbying		$0	$0	$0
Professional fundraising services	$0	$0	$0	$0
Investment management fees		$0	$0	$0
Other		$0	$15,820	$17,051
Advertising and promotion		$10,310	$7,329	$8,659
Office expenses		$0	$15,735	$0
Information technology		$0	$0	$0
Royalties		$0	$0	$0
Occupancy		$0	$0	$0
Travel		$0	$3,840	$0
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0	$0
Conferences, conventions, and meetings		$1,980	$2,157	$2,693
Interest		$17,684	$16,553	$13,733
Payments to affiliates		$0	$0	$0
Depreciation, depletion, and amortization		$366,820	$289,183	$276,944
Insurance		$29,631	$31,889	$32,191
Other expenses		$252,668	$241,839	$231,184
Other expenses		$121,453	$115,696	$111,333
Other expenses		$120,023	$62,498	$73,899
Other expenses		$63,040	$57,040	$64,216
Other expenses		$351,658	$307,226	$314,988

	2011	2012	2013	2014
Balance Sheet
Total assets	$11,723,411	$11,252,538	$10,430,657	$10,279,580
Cash - non-interest-bearing		$901	$2,178	$61,847
Savings and temporary cash investments		$153,111	$177,399	$158,971
Pledges and grants receivable, net		$75,517	$99,618	$66,114
Accounts receivable, net		$202,410	$175,326	$176,521
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0	$0
Notes and loans receivable, net		$0	$0	$346,000
Inventories for sale or use		$20,312	$26,141	$25,641
Prepaid expenses and deferred charges		$7,178	$4,313	$6,435
Land, buildings, and equipment: cost or other basis		$9,387,618	$9,106,309	$8,878,661
Investments - publicly traded securities		$200,671	$322,286	$399,583
Investments - other securities		$1,015,000	$346,000	$0
Investments - program-related		$0	$0	$0
Intangible assets		$0	$0	$0
Other assets		$189,820	$171,087	$159,807
Total liabilities	$7,264,636	$7,405,857	$6,826,586	$6,483,204
Accounts payable and accrued expenses		$5,275	$5,128	$20,779
Grants payable		$0	$0	$0
Deferred revenue		$801,076	$800,955	$724,284
Tax-exempt bond liabilities	$5,451,508	$5,240,558	$5,018,779	$4,786,339
Escrow or custodial account liability		$0	$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0	$0
Secured mortgages and notes payable to unrelated third parties	$190,000	$190,000	$155,000	$135,000
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$1,168,948	$846,724	$816,802
Total net assets or fund balances	$4,458,775	$3,846,681	$3,604,071	$3,796,376
Unrestricted net assets		$3,565,311	$3,164,559	$3,210,164
Temporarily restricted net assets		$69,437	$124,839	$232,710
Permanently restricted net assets		$211,933	$314,673	$353,502
Capital stock or trust principal, or current funds		$0	$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0	$0
Retained earnings, endowment, accumulated income, or other funds	$0	$0	$0	$0

Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:	A school described in section 170(b)(1)(A)(ii)
Number of organizations supported	0
Sum of amounts of support	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	West Sound Academy	PO BOX 807, Poulsbo, WA 98370-0807	WA	1998-06	$2,057,829
2	Wheaton Academy	900 Prince Crossing Rd, West Chicago, IL 60185-5136	IL	1960-01	$38,817,458
3	Severn School Inc	201 Water St, Severna Park, MD 21146-4522	MD	1973-02	$28,082,060
4	Trustees Of Thornton Academy	438 Main St, Saco, ME 04072-1565	ME	1951-10	$23,270,745
5	Wichita Collegiate School	9115 E 13th St N, Wichita, KS 67206-1214	KS	1957-09	$19,494,805
6	Randolph Macon Academy	200 Academy Dr, Front Royal, VA 22630-2601	VA	1974-02	$17,324,218
7	Maranatha High School	169 S Saint John Ave, Pasadena, CA 91105-1853	CA	1966-04	$15,519,300
8	Unity Christian High School Association	3487 Oak St, Hudsonville, MI 49426-1005	MI		$13,145,949
9	Stoneleigh-Burnham School	574 Bernardston Rd, Greenfield, MA 01301-1102	MA	1941-12	$9,192,901
10	Washington Academy	PO BOX 190, East Machias, ME 04630-0190	ME	1947-11	$8,975,019
11	Yeshiva Of Greater Washington Inc	2010 Linden Lane, Silver Spring, MD 20910-1700	MD	1984-06	$8,480,812
12	Shalhevet High School	910 S Fairfax Ave, Los Angeles, CA 90036-4419	CA	1993-05	$8,288,659
13	Trinity Schools Inc	107 S Greenlawn Ave, South Bend, IN 46617-3430	IN	1981-06	$7,680,325
14	Washington Math Science Technology Public Charter High School Inc	1920 Bladensburg Rd Ne, Washington, DC 20002-1812	DC	1998-11	$6,345,802
15	Wayland Academy	101 N University Ave, Beaver Dam, WI 53916-2253	WI	1945-02	$6,198,724
16	Committee For Catholic Secondary Education In Colorado Springs	2501 E Yampa St, Colorado Spgs, CO 80909-3951	CO	1988-09	$3,956,531
17	Beth Jacob High School	5100 W 14th Ave, Denver, CO 80204-1004	CO	1968-10	$2,604,532
18	Loveland Christian High School	3901 Sw 14th St Ste B, Loveland, CO 80537-9159	CO	1995-03	$242,924
19	Rock Solid High School	6570 B S Broadway, Littleton, CO 80121	CO	1997-06	$233,558
20	Denver City Wide Band Parents Corporation	3278 S Wadsworth Blvd Ste 1, Lakewood, CO 80227	CO	1980-10	$0

Number of organizations performing similar types of work

Alaska	2
Alabama	2
Arizona	3
California	33
Colorado	5
Connecticut	3
District of Columbia	5
Delaware	1
Florida	13
Georgia	7
Hawaii	2
Iowa	3
Idaho	1
Illinois	7
Indiana	6
Kansas	1
Kentucky	2
Louisiana	7
Massachusetts	8
Maryland	6
Maine	7
Michigan	11
Minnesota	3
Missouri	3
Montana	1

North Carolina	7
North Dakota	1
Nebraska	2
New Hampshire	6
New Jersey	6
New Mexico	3
Nevada	1
New York	10
Ohio	13
Oklahoma	1
Oregon	4
Pennsylvania	8
Rhode Island	2
South Carolina	5
South Dakota	1
Tennessee	8
Texas	10
Virginia	8
Vermont	6
Washington	7
Wisconsin	3
West Virginia	5
Wyoming	1
International	1

Total

261

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