Union Colony School
Union Colony School maintains stable finances with no reported officer compensation, despite significant liabilities.
EIN: 208681586 · Greeley, CO · NTEE: B29 · Updated: 2026-03-28
Is Union Colony School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Union Colony School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Union Colony School
Union Colony School (EIN: 208681586) is a nonprofit organization based in Greeley, CO, classified under NTEE code B29. The organization reported total revenue of $11.0M and total assets of $25.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Union Colony School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Union Colony School is a large nonprofit that has been operating for 14 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.8M |
| Total Expenses | $9.7M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $27.7M |
| Total Liabilities | $21.6M |
| Net Assets | $6.2M |
| Operating Margin | 10.2% |
| Debt-to-Asset Ratio | 77.8% |
| Months of Reserves | 34.2 months |
Financial Health Grade: A
In 2024, Union Colony School reported a surplus of $1.1M with revenue exceeding expenses, holds 34.2 months of operating reserves (strong position), has a debt-to-asset ratio of 77.8% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Union Colony School's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -0.3% | -3.8% | +13.7% |
| 2023 | -12.8% | -16.6% | +1.2% |
| 2022 | +28.7% | +5.4% | +9.9% |
| 2021 | -5.2% | +18.0% | -4.2% |
| 2020 | +7.1% | -19.5% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Union Colony School with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Union Colony School allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 77.8%.
Executive Compensation Analysis
Union Colony School consistently reports 0% officer compensation across all 14 available filings, indicating that no salaries or benefits are paid to its officers. This is highly unusual for an organization with over $10 million in annual revenue and suggests a strong commitment to directing funds towards its educational mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Union Colony School's IRS 990 filings:
- High liabilities relative to assets ($21,571,589 liabilities vs. $27,732,251 assets in 202406)
Strengths
The following positive indicators were identified for Union Colony School:
- Consistent positive operating margins (e.g., $10,833,601 revenue vs. $9,725,817 expenses in 202406)
- 0% officer compensation reported across all filings, indicating strong mission focus and transparency
- Growing asset base, from $12,829,972 in 201506 to $27,732,251 in 202406
- Stable revenue generation, consistently above $10 million in recent years
Frequently Asked Questions about Union Colony School
Is Union Colony School a legitimate charity?
Based on AI analysis of IRS 990 filings, Union Colony School (EIN: 208681586) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Union Colony School spend its money?
Union Colony School directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Union Colony School tax-deductible?
Union Colony School is registered as a tax-exempt nonprofit (EIN: 208681586). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Union Colony School a good charity?
Based on the available IRS 990 data, Union Colony School appears to be a good charity. It consistently operates with a surplus, has growing assets, and most notably, reports 0% officer compensation, indicating a strong commitment to its mission over executive pay. The NTEE code B29 also confirms its focus on education.
What is the nature of Union Colony School's high liabilities?
The IRS 990 data shows significant liabilities, reaching $21,571,589 in the 202406 period. While the filings don't detail the exact nature, for a school, these often include long-term debt for facilities, bonds, or pension obligations. Further investigation into the full 990 form's balance sheet would be needed to understand the specifics.
How has Union Colony School's financial health changed over time?
Union Colony School has shown consistent growth in revenue and assets over the past decade, with some fluctuations. For instance, revenue grew from $7,167,078 in 201506 to $10,833,601 in 202406, and assets increased from $12,829,972 to $27,732,251 in the same period, indicating overall financial strengthening.
Filing History
IRS 990 filing history for Union Colony School showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Union Colony School's revenue has grown by 274%, moving from $2.9M to $10.8M. Total assets increased by 355.9% over the same period, from $6.1M to $27.7M. Total functional expenses rose by 228.6%, from $3.0M to $9.7M. In its most recent filing year (2024), Union Colony School reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $21.6M in liabilities against $27.7M in assets (debt-to-asset ratio: 77.8%), resulting in net assets of $6.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $10.8M | $9.7M | $27.7M | $21.6M | — | View 990 |
| 2023 | $10.9M | $10.1M | $24.4M | $19.3M | — | View 990 |
| 2022 | $12.5M | $12.1M | $24.1M | $19.8M | — | View 990 |
| 2021 | $9.7M | $11.5M | $21.9M | $18.0M | — | View 990 |
| 2020 | $10.2M | $9.7M | $22.9M | $17.2M | — | View 990 |
| 2019 | $9.5M | $12.1M | $22.7M | $17.6M | — | View 990 |
| 2018 | $17.8M | $13.4M | $25.1M | $17.3M | — | View 990 |
| 2017 | $8.1M | $7.7M | $13.6M | $11.7M | — | View 990 |
| 2016 | $8.1M | $7.4M | $13.4M | $11.8M | — | View 990 |
| 2015 | $7.2M | $7.3M | $12.8M | $11.9M | — | View 990 |
| 2014 | $6.8M | $6.4M | $13.0M | $12.2M | — | View 990 |
| 2013 | $5.8M | $5.8M | $13.2M | $12.6M | — | View 990 |
| 2012 | $3.1M | $3.3M | $13.2M | $12.5M | — | View 990 |
| 2011 | $2.9M | $3.0M | $6.1M | $5.1M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $10.8M, expenses of $9.7M, and assets of $27.7M (revenue -0.3% year-over-year).
- 2023: Revenue of $10.9M, expenses of $10.1M, and assets of $24.4M (revenue -12.8% year-over-year).
- 2022: Revenue of $12.5M, expenses of $12.1M, and assets of $24.1M (revenue +28.7% year-over-year).
- 2021: Revenue of $9.7M, expenses of $11.5M, and assets of $21.9M (revenue -5.2% year-over-year).
- 2020: Revenue of $10.2M, expenses of $9.7M, and assets of $22.9M (revenue +7.1% year-over-year).
- 2019: Revenue of $9.5M, expenses of $12.1M, and assets of $22.7M (revenue -46.6% year-over-year).
- 2018: Revenue of $17.8M, expenses of $13.4M, and assets of $25.1M (revenue +121.4% year-over-year).
- 2017: Revenue of $8.1M, expenses of $7.7M, and assets of $13.6M (revenue -0.3% year-over-year).
- 2016: Revenue of $8.1M, expenses of $7.4M, and assets of $13.4M (revenue +12.8% year-over-year).
- 2015: Revenue of $7.2M, expenses of $7.3M, and assets of $12.8M (revenue +5.2% year-over-year).
- 2014: Revenue of $6.8M, expenses of $6.4M, and assets of $13.0M (revenue +18.1% year-over-year).
- 2013: Revenue of $5.8M, expenses of $5.8M, and assets of $13.2M (revenue +88.8% year-over-year).
- 2012: Revenue of $3.1M, expenses of $3.3M, and assets of $13.2M (revenue +5.5% year-over-year).
- 2011: Revenue of $2.9M, expenses of $3.0M, and assets of $6.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Union Colony School:
Data Sources and Methodology
This transparency report for Union Colony School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.