reaching new summits - keystone science school...dear friends, looking back, it’s hard to believe...

Science. Adventure. Fun!

REACHING NEW SUMMITS

2014 ANNUAL REPORT

DEAR FRIENDS,

Looking back, it’s hard to believe that Keystone Science School ended its first full year as an independent organization, after thirty-eight years as part of the Keystone Center. Forging our own trail in 2014 allowed us the opportunity to reach new summits and we are proud to report to you that our financials are strong, our vision unwavering and our programs expanding. We are touching the lives of more individuals through science education than ever before and our programs are expanding to include physics and even more science, technology, engineering and math (STEM) principals for young people. Truly, we are reaching new summits, but we aren’t stopping there-- we are planning our next trek to even greater heights.

Science is in our name, it’s who we are. Our efforts to bring science education impacted over 6,700 individuals in 2014. This number continues to grow steadily, something we’re proud of, but we are most proud that we are not just about numbers, we have a firm commitment to quality in our programs and standards. We worked with educators close to home and as far away as the United Kingdom reigniting their passion for teaching and giving them the tools to help students think critically, like scientists. We imbedded concepts of physics in our camp programs opening the eyes of campers who never expected to see ‘science all around them’. We partnered with schools to ensure that what students are learning extends beyond the walls of the classroom and makes a lasting impression. Our newest program, the CATCH Afterschool program, provides science education through the lens of nutrition and healthy habits to a largely underserved population. Science is at our core and we continue to work diligently to be sure it isn’t just in our name, but always at the center of what we do.

Our teacher education, camper, and after-school programs are the foundation of our mission, but we see further in the distance as well. We understand that STEM education is a key component in critical thinking in our world today and we have applied that in our Girls in STEM pilot program. This already popular program reaches younger girls in a natural outdoor environment to introduce them to confidence and leadership skills through STEM principles.

With science as our foundation, KSS’s personality is framed by the adventure and fun we instill in teaching and learning in all we do. We know that these qualities are experienced differently by all who interact with KSS. For some, the adventure is being away from home or making new friends. For others, adventure is found in reaching a high mountain’s peak or uncovering the layers of snow after digging a snow pit. Throughout 2014 we celebrated our adventurous and light-hearted spirit in proven ways and we look forward to applying them to new programs in 2015 and beyond.

Keystone Science School is excited to continue its work building upon our strong foundation for an exciting future ahead. Our three year strategic plan was approved by our Board of Directors in 2014 and serves as a guide for our annual goals. We’re dreaming big, but remain focused on the quality of our programs, staff and campus and our amazing family of participants and supporters. We think you’ll agree that we’re heading in the right direction for focused growth and long-term stability.

As always, we welcome your feedback and appreciate all you do to ensure that Keystone Science School can stay true to its motto, bringing Science. Adventure. and Fun! to the world for years to come.

Warmly,

Ellen Reid Douglas D. SimsExecutive Director Board Chairman

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OUR MISSIONKeystone Science School educates youth and adults to broaden perspectives and foster appreciation for engaged citizenship. We accomplish this through meaningful and collaborative learning experiences in the natural mountain environment that incorporate nonbiased scientific inquiry, leadership development, civic engagement and academic rigor.

OUR VALUESWe change lives. It’s a lofty claim, but we know that people are impacted through their experiences at Keystone Science School. Our lives have been transformed and we inspire others to reflect, grow, and change as well.

We foster open, honest relationships. We care about each other and those we serve and strive to be approachable, friendly, and authentic in all interactions. We believe that being mindful leads to higher levels of professionalism and instills trust.

We strive for excellence. We maintain high expectations for ourselves and seek challenges for the betterment of those we serve. We embrace an entrepreneurial spirit and incorporate innovative ideas into our programs.

We find joy in teaching and learning. We live our mission and bring fun and laughter to everything we do, every day. We’re academic, but far from boring.

We ask questions and seek solutions. We inspire critical thinking in each other and those with whom we work. By presenting topics and issues in a non-biased way, we provide tools to learn how to think, not what to think.

We are accountable. The numbers are equally as important as the mission. Transparency is critical and we keep a close eye on financial success.

MISSION +VALUES

2014 STAFFEllen Reid, Executive Director

Kelly Conway, Administrative & Human Resources Coordinator

Olivia Grover, Educator Programs Associate Director

Kristina Horton, School Programs Logistics Manager

Laura Lyddy, Lead Cafeteria Chef

Patti MacKenzie, Accounting Clerk

Annie Markuson, Afterschool Program Manager

Christyanne Melendez, School Programs Director

Dave Miller, Director of Education & Program Sustainability

Megan Nuttelman, Marketing & Development Director

Seth Oglesby, Camp & Community Programs Director

Clark Prinster, Repair Technician

Cat Scanlan, Camp & Community Programs Assistant Director

Angela Shetzer, Finance & Administration Director

Nora Simmons, Marketing & Development Coordinator

Lisa Thatcher, Camps & Community Programs Coordinator

Dan Van Horn, School Programs Staff & Curriculum Manager

Emily Weber, Educator Programs Director

2014 BOARD OF DIRECTORSDouglas D. Sims, Board Chairman, Retired CEO CoBank

Jeff Campeau, President, FirstBank, Summit County Market

Tim Estes, Vice President, Keystone and Breckenridge Hospitality, Vail Resorts

John Fitzgerald, Board Treasurer, Retired Pilot

Kelli Kast, Executive and General Counsel, Natural Resources Sector

Heidi Pace, Superintendent of Schools, Summit County

Sherry Strong, Board Secretary, Retired Professor

Gretchen Davis, Retired Teacher, appointed May 2015

Keystone Science School operates under a special use permit with the

White River National Forest and is an equal opportunity service provider.

STAFF +BOARD

PROGRAM HIGHLIGHT

GIRLSIN STEM

At Keystone Science School, STEM (Science, Technology, Engineering and Math) is an integral part of every experience. As we continue to find more ways to include STEM in the KSS experience, our inaugural Girls in STEM program was introduced in 2015. This program was designed to promote not only the STEM concepts, but highlight women in STEM careers, build leadership and collaboration between girls through the scientific and engineering process, and having tons of science fun! The Girls in STEM program is designed to do just that.

The KSS Girls in STEM program consists of four one-day sessions each year dedicated to motivation, reflection, and action in STEM. Girls are surrounded by female professionals to encourage more girls and woman to enter these vital fields of the future. At KSS, we want all children to grow up believing in their own abilities, asking tough questions, and competing in an ever-changing, dynamic and technology-driven marketplace. By planting the seeds early in their leaning experience in ways that are unique to a traditional classroom setting, we believe that the girls who participate in the program will indeed reach new heights in critical thinking and ultimately, perhaps, in embracing STEM professions.

Girls in STEM is designed to: • Motivate and encourage participation and leadership in young females in STEM related fields;• Incorporate the engineering and scientific process into interactive, engaging activities, while promoting positive growth feedback;• Inspire collaboration between students of different ages and grades; and• Create reflective conversation and journaling to stimulate inward thought and consideration of leadership and academic potential.

The momentum for this program is already strong and we are committed to continuing to build upon its success so

that even more girls can build their confidence in science, technology and math learning well into the future.

6,787 youth and adults

impacted through our programs

$385,438 raised in scholarships and grants for

youth to participate in programs

27 Hot Pink Gorilla

Sightings

97 teachers learned new ways to engage

14,550 students

14,000+ miles hiked

while studying more than 15 different curricula

5,301 students impacted

from

107 schools

257 students benefited from the

CATCH Afterschool program

1359 hours of work accomplished

thanks to

114 volunteers

550 hours of teambuilding

were spentwith a team of

22 year-round staff

7 dedicated

board members gave their

time and service

1,551 s’mores were enjoyed

INDIVIDUALSStacey Abbott Peter and Carolyn Adler Ron and Betsy Allen Harris and Theresa Barker In Memory of Ty PenningtonDoug and Beth Behm In Memory of Ty PenningtonVirginia Bell Elaine Bellin Bill and Jane Bergman Patricia Bicknell Jerred and Rita Blanchard Josh and Chris Blanchard Charles and Meredith Bleskan Keith and Barbara Bond Bret and Jenni Bonenberger James and Kay Boney In Memory of Ty PenningtonJean Borden In Memory of Ty PenningtonAdam and Susi Bouse-Eaton Jerrie Bower In Memory of Ty PenningtonBrett and Melanie Bower In Memory of Ty PenningtonEddie Bowers John and Ann Boyd Philip and Bobbie Boyle Robyn Brewer Brian and Ellen Brown Wayne and Mollie Brunetti Ethel Bruns Bill and Sandi Bruns Angela Bryan John and Kerry Buhler Rodger Bybee

Bill and Lynne Byrne Russ and Judy Camp Jeff and Kathy Campeau Dick and Ann Cannon In Memory of Ty PenningtonDick and Cathy Carleton Dayton and Anne Marie Chapin Don and Sandy Chisholm Mike and Joyce Clary Mike and Linda Clem Leroy and Sylvia Clemens In Memory of Ty PenningtonNicholas Clinch Karyn Contino Bert and Karen Cook Brian and Randi Cook Randy and Donna Cook Jeff and Autga Cook Steve and Kathy Corneillier In Honor of Robert CraigGary and Mary Cary Coughlan Scott and Allison Cowperthwaite Robert and Terry Craig William and Susan Crotwell In Memory of Ty PenningtonJoe and Jane Crystal Tom and Beatrice Dabrowsky Bill Danforth Thomas Davidson Blake and Toni Davis M.A. Deen Rolf and Judy Dercum George and Paula Dorris In Memory of Ty PenningtonDave and Sandy Doubleday Suzanne Dove Paul and Hallie Downey

Jim and Sally Downey Dan and Diane Duke Angela Durdic Christine Ebert Santos Rick Eisenberg Jim Ellefson Tim and Alisa Estes David and Leslie Fiack Jason and Leslie Fischer John and Jean Fitzgerald Robert and Nancy Follett Mi-Sun Freeman Gerry and Annette Fricke Scott Fuselier Carol Gagner Mike and Carol Gallagher Alya Garry Norman and Helen Gaudette In Memory of Ty PenningtonMaryann Gaug Thomas and Erin Glaspy Bill and Marianna Goslau Gertrude Grant Barry Gray Stephen and Olivia Grover Robin Hadley Rachel Hahn A.F. and Ann Harris Lex and Mitzie Hawkins Lee and Peg Henry Al and Terry Hershey Brian and Whitney Hill Ann Hough Joan Houlton Kristin Howland Kim Huss Courtney Iversen

As a nonprofit organization we see our supporters as investors in our mission. We are grateful for the commitment from these donors whose contributions of time, energy, and dollars help us provide meaningful, collaborative learning experiences to the greatest number of students, campers, educators, and community members. Thank you for investing in the future of KSS. We apologize for any errors or omissions. Please contact us if you would like to be listed differently in the future.

2014 Donors

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2014 DONORS

In Honor of Erik IversenElizabeth Janes Amy Jiron Warren and Becky Johnson Steve and Patricia Jones Bob and Marj Julian Jerry and Jayn Karl David and Erin Karoly Robert Brown and Kelli Kast-Brown Rochelle Kimball In Memory of Ty PenningtonTom and Barb Kimball Jon Kirkpatrick Kristina Klug David and Paula Kraemer David Kraemer Cole and Julie Kremer Emma Kumley David and Linda Land-Closson Christopher and Christine Lankhorst Lisa Lara Chuck Leathers Donna Leclerc Darryl and Molly Lee Leon and Denise Levy Thomas Lotocki Charles and Laurie Maguire Andrew and Elizabeth Main Jeffrey and Anamarie Maltzman Scott and Debra Marion Jerry and Rosie Mastenbrook Danny and Samantha McBride Matt and Kristin McGlone Ray McGovern In Memory of Ty PenningtonDominique McLerran In Honor of Max and Griffin FeldesmanDaniel McVey Jennifer Meltzer Bob and Michele Missel J.Boyd and Deb Mitchell Jeffrey Moore Aaron and Vicki Murray Oswaldo and Susan Nedza Lastres Ruth Nevill In Memory of Ty PenningtonDavid Nicoli

Lon and Susie Nuttelman Josh and Megan Nuttelman Jim Oberheide Laurie O’Connor David and Mary Oetting Carrie Okizaki Joseph and Frances O’Malley Dave Owens Heidi Pace Don Parsons Ron and Wendy Pelton Winston Pennington In Memory of Ty PenningtonJed and Tracy Pheneger Jeff and Tonya Poe Scott Pohlman Buzz Potts Bradd and Kasey Provorse Bill and Cindy Putnam Mike and Kimie Qualizza Dana Query Stephen Quist In Honor of Patricia GarnerPeter and Donna Raich Anton and Tavi Rainold Arthur and Pamela Rantilla Robert and Nan Ratner Jennifer Reese Scott and Ellen Reid Mike and Alice Reid Andres and Beatriz Reiner Samuel and Shirley Revill In Memory of Ty PenningtonChris and Julie Rhody Jim Richter In Memory of Ross RichterJim and Mary Lee Robinson In Memory of Ty PenningtonJanice Rossing Mark and Susan Rost Christa Rost Jack and Mary-Bob Rubenstein Emily Runkle In Memory of Ty PenningtonJohn and Perrin Rutter Patrick and Jan Rutty William and Cathe Sander Paul and Claudia Schickler Dick and Kathy Schlosberg Paul and Linda Schutt Lisa Schwinghammer

Kevin and Stacy Shelden Mark and Diane Sheridan Donald and Edna Sherrow In Memory of Ty PenningtonElyn Shindler Moldow Blake and Carolyn Shutler Norman and Sandra Shutler Nora Simmons Amy Simper Douglas D. and Nancy Sims Rob and Polina Sims In Honor of Douglas D. SimsMargot Smit Nick and Pat Smith Patricia Spitzmiller Catherine Stauskas In Memory of Ty PenningtonTonia Steele Wilson and Sherry Strong Mike Tabb Martha Tableman Sylvia Taconi In Memory of Ty PenningtonEileen Terens Joey Terriquez Mark and Irene Thaggard Scott and Valerie Thisted Scott Toepfer Jesse and Lori True Debra Tyber Jamie Utendorf-Hagen Margaret Vanvooren and Vicki Raport Jeremy and Giovanna Voge Andrew and Wendy Ware Lawrence and Nancy Warren In Honor of Norma and Bill RamseyChristine Weldon Bill and Charlie Welsh Don and Karen White Al and Dian Wilson Stefanie Winfield Cap and Suzy Witzler Blair and Peggy Wood Mike and Vicki Wood Ned and Margaret Woodard In Memory of Ty PenningtonEddie and Margie Zant In Memory of Ty PenningtonLin Zinke

2014 DonorsINDIVIDUALS continued

CORPORATIONSAgilent TechnologiesAlpine BankAltaGrow Consulting, LLCAmerican Realty of Northwest Florida, Inc. In Memory of Ty PenningtonBreckenridge Grand VacationsChevron CorporationCity MarketClimax Community Investment FundColgate-Palmolive CompanyCopper Environmental FoundationD.P. EnterprisesDos Locos Restaurant (Koll Inc.)Duke Energy CorporationEnbridge Energy Company, Inc.FedExFirstBank of Summit CountyGeorgia-PacificLockheed Martin CorporationMojave Environmental Education ConsortiumNeils Lunceford, Inc.New Belgium Brewing CompanyPPG Industries FoundationSlifer Smith & Frampton Real EstateUS BankVisa Inc.W.R. Grace & Co.Whole Foods Market

GOVERNMENTAntelope Valley Air Quality Management DistrictDenver WaterDillon Town CouncilKaiser Permanente FundLake County School DistrictSanitation Districts of Los Angeles CountyThe School District of ClaytonSummit School DistrictTown of BreckenridgeTown of Frisco

FOUNDATIONSAlcoa FoundationAmazon Smile FoundationAnschutz Family FoundationBessie Minor Swift FoundationThe Bobolink FoundationDaniels-Houlton Family FoundationF Cubed FoundationFamily and Intercultural Resource CenterKeltner Family FundThe Robert N. and Nancy A. Downey FoundationSteve and Gaye Wormington Family FundSummit County Rotary FoundationThe Summit FoundationVineyards FoundationThe Westerhoff Family Foundation

NON-GOVERNMENTALORGANIZATIONSAntelope Valley CollegeCommunity Shares of ColoradoiGiveLake Dillon Foundation for the Performing ArtsSummit Women’s Club

IN-KINDDenise ArnettArthur BalluffKathleen BeardenBill and Rita BergmanTerry BickelJohn and Ann BoydBill and Sandi BrunsArielle BuschRachel CarvalhoNatalie ChudacoffMike and Joyce ClaryMike and Linda ClemTanner CogginsBert and Karen CookJoe and Jane CrystalMarc DoucetteDan and Diane DukeChristine EllisJohn and Jean FitzgeraldBob and Nancy FollettJeanne Frasse

Gerry and Annette FrickeCarrie FrickmanVanesa GarciaBill and Marianna GoslauLee and Peg HenryJoan HoultonMark ImanuelWarren and Becky JohnsonDavid and Nini KochDaniel McVeyMegan MeekGary and Kikken MillerJim MorrisJosh and Megan NuttelmanDavid and Ann O’NeilRebecca PohlmanBuzz PottsDan SchmidtLee ShoreDouglas D. and Nancy SimsTim and Jen StachelskiWilson and Sherry StrongEileen TerensJoey TerriquezSam ThompsonValerie UtaskiAndi WangBill and Charlie WelshCap and Suzy WitzlerLarry and Sue WoodSteve and Gaye WormingtonRachel Zacher

BUSINESSES1st Class Auto GlassA&A Pet SupplyAdams StudioAlex and Ani - Charity by DesignAlpenglow Gynecology Medical SpaAnew YouAnthem BrandingArapahoe Basin Ski AreaArapahoe Cafe and PubBarnyard: Pet and Wild Bird SuppliesBed Bath and BeyondBig City BluesBlue River SportsBlue Sage SpaBoatyard Pizzeria & Grill

2014 Donors

2014 DonorsBUSINESSES continued

Breck BearsBreck KidzBreckenridge Bead GalleryBreckenridge Dental GroupBreckenridge DistilleryBreckenridge Festival of FilmBucks, Brains, & BeautyBuffalo Mountain Animal HospitalBurton SnowboardsCaamanoCabin FeverCameezCapital GenealogyCarversClint’s Bakery & Coffee HouseColorado Learning ConnectionsColorado Railroad MuseumCopper Mountain ResortCorpus Sanus SpaCountry Boy MineCraniologieCreatures Great & SmallDillon Dam BreweryDillon Dog DenDillon MarinaDionysus Hospitality GroupDoor to Door OrganicsDos Locos Restaurant (Koll Inc.)Downstairs at Eric’sEinsteins Bros BagelsEmpire BurgerEyes on BreckenridgeFoodhedzFresh Soap CompanyFrisco NailsGatherhouseGiampietro PizzeriaGoods Trading CompanyHigh Country Auto RepairInxpotJ&M JewelryKenosha SteakhouseKeystone Lodge and SpaKeystone ResortKidrobotLake Dillon Foundation for the Per-forming ArtsLakeside BowlLodgepole InteriorsLost CajunMaltzman Family VineyardsMarigolds Farmhouse Funk and Junk

Matheu’s Fine WatchesMotherLoaded TavernMountain Flying FishMountain Top Children’s MuseumMountain WaveNational Repertory OrchestraNature’s OwnNext Page BookstoreOlive FusionOutlets at SilverthorneOverland Sheepskin CompanyPark & MainPeak-A-Boo ToysPeppino’s Pizza & SubsProstQuandary GrilleRaptor Construction, Inc.Raven Golf Club at Three PeaksRelishRivers Clothing CompanyRocky Mountain Coffee RoastersRocky Mountain Snowbike RentalsRuby JaneSahn TaekwondoSerendipity of BreckenridgeShoe InnSilverthorne Recreation CenterSKILOGIKSkyline TheatersSouthern Wine and SpiritsStarbucks Coffee, Dillon RidgeStork & Bear CompanyStorm Enterprises, Inc.Summit County Resource Allocation ParkSummit Dental GroupSummit FordSummit Huts AssociationSummit Medical Center Health Foun-dationSunshine CafeTaddeo’s RestaurantTen Mile DentalThe Flatbread Pizza Co.The Moose JawTown of FriscoUdi’s GranolaVail Resorts Epic PromiseValley Girl BoutiqueWandering DaisyWells Fargo Bank, N.A.Wilderness Sports

We apologize for any errors or omissions. Please contact us if you would like to be listed differently in the future.

Volunteers play a huge role in everything we do here at Keystone Science School. From serving on committees and putting on fundraisers to teaching students and picking weeds, our volunteers show dedication to and love for KSS that is inspiring. We are so grateful for the time and energy you invest and for the joy you bring to us and our participants every day. Thank you.

2014 VOLUNTEERS

Claire AndersonConnie AndersonChris BealShirley BeatyRita BergmanBill Bergman, Sr.Bill Bergman, Jr.Jane BergmanBrittany BerryKate BillupsGabby BlanquizChar BloomGlenice BowmanCheryl BrennerBuzzy BuswoldKalaf CameronJeff CampeauAnne Marie ChapinAlyson CockrellMike ConnollyKaren CookSteve CorneillierMark DavidsonDaniel DavidsonGretchen DavisBrian DonalsonDos Locos StaffAmi DoyleBrandon DruryJordan EgbertChristine EllisTim EstesGamburg EthanBrooke EvanJohn FitzgeraldKathryn FleegalBob FollettKaren Fox

Gerry FrickeCarrie FrickmanDave GodzakMckenzie GoldsmithKalaf GrahamBarry GrayNeil GroundwaterFaby GutierrezJoshua HallAmara HendricksLee HenryJorge JassoMargaret Johnson Vicki KamanMitch KamanKelli Kast-BrownMadaline KawchackJeremy KeenJon KirkpatrickNini KochDavid KochJenny KochAaron KyaskyMark LaurinCH and Laurie MaguireJeb MarshEric MartinezAmanda MastIan McCluskieSue McHenryRhonda MckennaBrooke MckennaDaniel McVeyTasha MillsJohn MirroDeb MitchellMatt MulicaJohn O’Connor

Christy OrdwayChris OrnesWendy OttavioHeidi PaceAdam PerkovichJeff ProctorMario Ramirez Jeff RangitschMatt ReneuxJillian RudarNelly RuizRuth HendricksCarlos SantosMatt ShetzerBlake ShutlerDouglas D. SimsNancy SimsKathryn SlaughterJerry SmithStacy SmithAlex SotoElijah Soto-BuswoldJen StachelskiMichele StreetSherry StrongRachel TabinJoey TerriquezSarah ThompsonCourtney Van der LindenWendy VanAntwerpJosh WardElla WilliamsTroy WinelandSuzy WitzlerCap WitzlerCarol YoungJanet YoungJohn Young

Claire AndersonConnie AndersonChris BealShirley BeatyRita BergmanBill Bergman, Sr.Bill Bergman, Jr.Jane BergmanBrittany BerryKate BillupsGabby BlanquizChar BloomGlenice BowmanCheryl BrennerBuzzy BuswoldKalaf CameronJeff CampeauAnne Marie ChapinAlyson CockrellMike ConnollyKaren CookSteve CorneillierMark DavidsonDaniel DavidsonGretchen DavisBrian DonalsonDos Locos StaffAmi DoyleBrandon DruryJordan EgbertChristine EllisTim EstesGamburg EthanBrooke EvanJohn FitzgeraldKathryn FleegalBob FollettKaren Fox

Gerry FrickeCarrie FrickmanDave GodzakMckenzie GoldsmithKalaf GrahamBarry GrayNeil GroundwaterFaby GutierrezJoshua HallAmara HendricksLee HenryJorge JassoMargaret Johnson Vicki KamanMitch KamanKelli Kast-BrownMadaline KawchackJeremy KeenJon KirkpatrickNini KochDavid KochJenny KochAaron KyaskyMark LaurinCH and Laurie MaguireJeb MarshEric MartinezAmanda MastIan McCluskieSue McHenryRhonda MckennaBrooke MckennaDaniel McVeyTasha MillsJohn MirroDeb MitchellMatt MulicaJohn O’Connor

Christy OrdwayChris OrnesWendy OttavioHeidi PaceAdam PerkovichJeff ProctorMario Ramirez Jeff RangitschMatt ReneuxJillian RudarNelly RuizRuth HendricksCarlos SantosMatt ShetzerBlake ShutlerDouglas D. SimsNancy SimsKathryn SlaughterJerry SmithStacy SmithAlex SotoElijah Soto-BuswoldJen StachelskiMichele StreetSherry StrongRachel TabinJoey TerriquezSarah ThompsonCourtney Van der LindenWendy VanAntwerpJosh WardElla WilliamsTroy WinelandSuzy WitzlerCap WitzlerCarol YoungJanet YoungJohn Young

2014 VOLUNTEERSVolunteers play a huge role in everything we do here at Keystone Science School. From serving on

committees and putting on fundraisers to teaching students and picking weeds, our volunteers

show dedication to and love for KSS that is inspiring. We are so grateful for the time and energy

you invest for the joy you bring to us and our participants every day. Thank you.

FINANCIALSThe Keystone Science School financial reporting pages that follow are something we are proud to showcase in this Annual Report. In our first full year as an independent 501(c)(3), we believe we have set a high bar for ourselves to be financially healthy as we maintain strong programs, staff and facilities, all while looking forward to further investing in all three of these to reach new heights as well. We believe that being financially stable year-over-year while building up reserves is important to be truly successful. In that regard, we have begun to receive and report reserves for facilities, programs and emergency funds.

In our first full financial reporting year, 2014, our unrestricted operating surplus was $147,768. We are eternally grateful to our many donors and volunteers for making this surplus possible, such that we can consider reinvestment so early in our independence to ensure not only the highest quality today, but in the future as well. Our total asset base grew from $3,436,147 at the end of 2013 to $3,870,103 at the end of 2014.

We remain strongly committed to our conservative financial philosophies. We have a reinvestment plan for our year-end surpluses, and have identified the following priority areas for our reinvestment:

• Long-Term Reserves• Short-Term Emergency Reserves• Program Reinvestment• Staff Incentives • Capital Improvements to Existing Structures

Each year, the KSS Board of Directors and Finance Committee, in partnership with the Executive Director with staff member input, determine the ratios for reinvestment in each of these key areas. We remain flexible year-over-year to allocate for the highest need and ability to fund. We are committed to sustainability, such that in any given year, we are not dramatically impacted by an unforeseen operating or capital needs.

We are grateful for the generous support of so many individuals and businesses in supporting our mission and values. We are committed to safeguarding our financial resources for the benefit of all of our stakeholders today and into the future.

Independent Auditor’s ReportThe Board of DirectorsKeystone Science School, Inc.Keystone, Colorado

Report on the Financial StatementsWe have audited the accompanying financial statements of Keystone Science School, Inc., which comprise the statement of financial position as of December 31, 2014, and the related statements of activities and cash flows for the year then ended, and the related notes to the financial statements.

Management’s Responsibility for the Financial StatementsManagement is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s ResponsibilityOur responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

OpinionIn our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Keystone Science School, Inc. as of December 31, 2014, and the changes in its net assets and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Golden, ColoradoMarch 19, 2015

440 Indiana St., Ste. 200 | Golden, CO 80401-5021 | TF 877.882.7929 | T 303.986.2454 | F 303.980.5029 | EOE1

Keystone Science School, Inc.Statement of Financial Position

December 31, 2014

Assets Cash and cash equivalents $ 722,735 Accounts receivable, net 51,967 Promises to give, net 281,900 Prepaid expenses and other assets 32,365 School store inventory 13,287 Cash restricted for long-term purposes 400,000 Property and equipment, net 2,367,849 Total Assets $ 3,870,103

Liabilities and Net Assets Accounts payable $ 36,434 Accrued liabilities 46,376 Deferred revenue 111,839 Deferred compensation 79,000 Total liabilities 273,649

Net assets Unrestricted Undesignated 2,430,041 Board-designated operating reserve 125,317 2,555,358 Temporarily restricted 1,040,096 Permanently restricted 1,000 Total net assets 3,596,454 Total Liabilities and Net Assets $ 3,870,103

1053 Soda Ridge Rd. Keystone, CO 80435 KeystoneScienceSchool.org

Keystone Science School, Inc.Statement of Activities

Year Ended December 31, 2014

Temporarily Permanently Unrestricted Restricted Restricted TotalRevenue and Support Program revenue, net of scholarships of $118,814 $ 1,267,028 $ - $ - $ 1,267,028 Contributions 302,723 1,033,750 1,000 1,337,473 Gross special event revenue 46,274 - - 46,274 Less cost of direct benefits to donors (11,610) - - (11,610) Net special event revenue 34,664 - - 34,664 School store sales 25,886 - - 25,886 Less cost of goods sold (17,377) - - (17,377) Net school store sales 8,509 - - 8,509 Interest and other income 14,030 - - 14,030 Net assets released from restrictions 762,464 (762,464) - - Total revenue and support 2,389,418 271,286 1,000 2,661,704

Expenses Program services 1,600,607 - - 1,600,607 Administrative 489,357 - - 489,357 Fundraising 109,450 - - 109,450 Total expenses 2,199,414 - - 2,199,414

Change in net assets before depreciation 190,004 271,286 1,000 462,290 Depreciation 42,236 - - 42,236 Change in Net Assets 147,768 271,286 1,000 420,054 Net Assets, Beginning of Year 2,407,590 768,810 - 3,176,400 Net Assets, End of Year $ 2,555,358 $ 1,040,096 $ 1,000 $ 3,596,454


Keystone Science School, Inc.Statement of Cash Flows

Year Ended December 31, 2014

Cash Flows from Operating Activities Change in net assets $ 420,054 Adjustments to reconcile change in net assets to net cash from operating activities Depreciation 42,236 Changes in operating assets and liabilities Accounts receivable, net (6,429) Promises to give, net (240,578) Prepaid expenses and other assets (10,828) School store inventory 4,767 Accounts payable 2,222 Accrued liabilities (5,088) Deferred revenue 22,768 Deferred compensation (6,000) Net Cash from Operating Activities 223,124

Cash Flows from Investing Activities Purchases of property and equipment (21,884) Net Cash used for Investing Activities (21,884)

Net Change in Cash and Cash Equivalents 201,240 Cash and Cash Equivalents, Beginning of Year 521,495 Cash and Cash Equivalents, End of Year $ 722,735


reaching new summits - keystone science school...dear friends, looking back, it’s hard to believe...

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