Civic Intelligence

Partnership Academy Inc

990 • Fiscal year 2016 • EIN 01-0701608

Jul 01, 2015 to Jun 30, 2016 • Filed on May 04, 2017

305 East 77th StreetRichfield, MN 55423

(612) 866-3630

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

1.90x

Higher debt load relative to assets than 98% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

75th percentile

0.65x

Higher debt load relative to revenue than 75% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

59th percentile

5.0%

Higher net margin than 59% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

53rd percentile

$126,600

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

87th percentile

26%

Faster asset growth than 87% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

61st percentile

6.5%

Faster revenue growth than 61% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,794,027

Up $370,609 (+26%) from 2015

Net Assets

Up

-$1,615,670

Up $258,155 (+14%) from 2015

Liabilities

Up

$3,409,697

Up $112,454 (+3.4%) from 2015

Revenue

Up

$5,212,698

Up $319,385 (+6.5%) from 2015

Expenses

Up

$4,954,543

Up $131,220 (+2.7%) from 2015

Net Income

Up

$258,155

Up $188,165 (+269%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0-$5.0MAssets 2011: $1,155,777Liabilities 2011: $670,471Net Assets 2011: $485,3062011Assets 2012: $1,430,403Liabilities 2012: $942,390Net Assets 2012: $488,0132012Assets 2013: $939,695Liabilities 2013: $357,199Net Assets 2013: $582,4962013Assets 2014: $1,079,099Liabilities 2014: $487,976Net Assets 2014: $591,1232014Assets 2015: $1,423,418Liabilities 2015: $3,297,243Net Assets 2015: -$1,873,8252015Assets 2016: $1,794,027Liabilities 2016: $3,409,697Net Assets 2016: -$1,615,6702016Assets 2017: $6,947,458Liabilities 2017: $9,573,953Net Assets 2017: -$2,626,4952017Assets 2018: $6,715,235Liabilities 2018: $10,264,780Net Assets 2018: -$3,549,5452018Assets 2019: $5,733,196Liabilities 2019: $8,479,324Net Assets 2019: -$2,746,1282019Assets 2020: $5,069,662Liabilities 2020: $8,457,102Net Assets 2020: -$3,387,4402020Assets 2021: $6,883,815Liabilities 2021: $10,479,051Net Assets 2021: -$3,595,2362021Assets 2022: $7,413,383Liabilities 2022: $10,957,313Net Assets 2022: -$3,543,9302022Assets 2023: $8,448,404Liabilities 2023: $10,386,257Net Assets 2023: -$1,937,8532023Assets 2024: $7,027,105Liabilities 2024: $9,487,212Net Assets 2024: -$2,460,1072024

Highlighted filing

2016

Assets$1,794,027
Liabilities$3,409,697
Net Assets-$1,615,670

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $3,391,5072011Expenses 2012: $3,434,3912012Revenue 2013: $3,909,374Expenses 2013: $3,916,287Net Income 2013: -$6,9132013Revenue 2014: $4,747,986Expenses 2014: $4,739,359Net Income 2014: $8,6272014Revenue 2015: $4,893,313Expenses 2015: $4,823,323Net Income 2015: $69,9902015Revenue 2016: $5,212,698Expenses 2016: $4,954,543Net Income 2016: $258,1552016Revenue 2017: $5,917,794Expenses 2017: $6,928,619Net Income 2017: -$1,010,8252017Revenue 2018: $5,850,235Expenses 2018: $6,773,285Net Income 2018: -$923,0502018Revenue 2019: $6,161,303Expenses 2019: $5,357,886Net Income 2019: $803,4172019Revenue 2020: $7,746,728Expenses 2020: $8,388,040Net Income 2020: -$641,3122020Revenue 2021: $9,146,310Expenses 2021: $8,757,691Net Income 2021: $388,6192021Revenue 2022: $11,186,536Expenses 2022: $10,993,641Net Income 2022: $192,8952022Revenue 2023: $11,125,353Expenses 2023: $11,405,452Net Income 2023: -$280,0992023Revenue 2024: $12,057,351Expenses 2024: $11,981,488Net Income 2024: $75,8632024

Highlighted filing

2016

Revenue$5,212,698
Expenses$4,954,543
Net Income$258,155
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 4, 2017
Return Version
2015v3.0
Gross Receipts
$5,212,698
Mission and Program Overview

Mission

Partnership academy provides exceptional learning opportunities for students in grades k-5 who live in richfield and the neighboring communities of bloomington and south minneapolis. Students of partnership academy benefit from data-driven instruction, a well-developed english learner program, high-interest specials classes, social skills development, and an extended day program.

Create learning experiences and partnerships empowering students to achieve their greatest potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$563,758$712,191▲ $148,433
Cash and Non-Interest-Bearing Accounts$55,351$213,949▲ $158,598
Land, Buildings, and Equipment, Net$180,758$178,820▼ $1,938
Pd in Cap Srpls Land Bldg Eqp Fund$180,758$178,820▼ $1,938
Prepaid Expenses and Deferred Charges$64,125$36,514▼ $27,611
Rtn Earn Endowment Incm Other Fnds$0$35,505▲ $35,505
Accounts Receivable$14,340$24,989▲ $10,649
Cap Stk Tr Prin Current Funds$-2,054,583$-1,829,995▲ $224,588
Total Assets$1,423,418$1,794,027▲ $370,609
Other Assets Total$545,086$627,564▲ $82,478
Liabilities
Other Liabilities$3,062,472$3,135,968▲ $73,496
Accounts Payable and Accrued Expenses$234,771$273,729▲ $38,958
Total Liabilities$3,297,243$3,409,697▲ $112,454
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,873,825$-1,615,670▲ $258,155
Total Liabilities and Net Assets / Fund Balance$1,423,418$1,794,027▲ $370,609

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$92,919$351,573$444,492
Leasehold Improvements$85,901$28,946$114,847
Other Assets Org$627,564--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa HendricksExec. Director/principalFT$117,800$8,800$126,600
Jessica ArnoldiBoard Member/teacher/secretaryFT$43,847$7,528$51,375

Board Members and Trustees

NameTitle
Robbie BurkhartPresident
Rubi Pliego-sanchezVice President
David ZelayaBoard Member
Maryellen CoughlinBoard Member
Teresa BechtoldTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ckc Good FoodsSchool MealsPO BOX 431419, Minneapolis, MN 55443$240,597
Monarch Bus Service INCTransportation101 EAST 10TH STREET SUITE 300, Hastings, MN 55033$215,155
Revenue and Support

Revenue Composition

Contributions and Grants
$5,191,837
Program Service Revenue
$0
Investment Income
$5,790
Other Revenue
$15,071
All Other Contributions
$19,140
Change in Net Assets
$258,155

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,212,698
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,212,698
Total Revenue per Form 990
$5,212,698
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,233,891
Other Expenses$1,720,652
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,257,201$183,955-$2,441,156
Occupancy$464,502$34,042-$498,544
Fees for Services Other$180,572$96,108-$276,680
Other Employee Benefits$195,343$32,904-$228,247
Payroll Taxes$174,300$19,357-$193,657
Pension Plan Contributions$174,712$18,943-$193,655
Current Officers, Directors, Trustees, and Key Employees$100,453$76,723-$177,176
Office Expenses$49,380$63,638-$113,018
Travel$93,862--$93,862
Information Technology-$85,549-$85,549
Depreciation Depletion$23,393$22,770-$46,163
Fees for Services Accounting-$40,517-$40,517
Insurance$32,288--$32,288
Fees for Services Legal-$13,265-$13,265
All Other Expenses$12,472--$12,472
Other Expenses$66,080$8,787-$8,787
Conferences and Meetings$3,801--$3,801
Interest-$342-$342
Total Functional Expenses$4,257,643$696,900$0$4,954,543

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,954,543
Total Expenses per Audited Statements$4,954,543
Total Expenses per Form 990$4,954,543
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability - Long Term$2,699,556
Deferred Inflows of Resources Related to Pensions$436,412
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1

The school's executive committee consists of two or more directors and has the authority to oversee the business and affairs of the school between meetings of the board of directors. The executive committee reports to the board of directors at the next board meeting concerning actions taken by the executive committee, with such actions subject to ratifcation by the full board of directors at such meeting.

Form 990, Part VI, Section A, Line 6

The school's members include individuals currently employed at the school and the parent(s)/guardian(s) of an enrolled student.

Form 990, Part VI, Section A, Line 7A

The members elect the board of directors at the annual meeting.

Form 990, Part VI, Section A, Line 7B

Amendments to the school's governing documents must be approved by a majority vote of the membership.

Form 990, Part VI, Section B, Line 11

The finance committee of the board reviews the form 990 which is then brought to the full board for approval and signature. The presentation and approval of the form 990 is documented in the meeting minutes.

Form 990, Part VI, Section B, Line 12C

Board members will annually disclose their involvements with other organizations with vendors, or any associations, which might be or might reasonably be seen as being a conflict when the board is to decide upon an issue, about which a board member has an unavoidable conflict of interest, that board member shall absent herself or himself without comment from not only the vote, but also from the deliberation. Board members will not use their board position to obtain employment in the school for themselves, family members or close associates. Proceedings related to conflicts of interest are documented in the meeting minutes.

Form 990, Part VI, Section B, Line 15

The executive director's salary is based on the market (other schools and nonprofits) analysis, budget factors, and performance reviews. The executive director's compensation is reviewed and approved by the board of directors. The school's other officers and teachers' salaries are based on the market (other schools and nonprofits) analysis, budget factors and performance reviews. The school's other officers and teachers' salaries are approved by the board through the budget approval process each spring. When individual salaries of the executive director or board members are discussed they recuse themselves from the discussion and decision. These processes were last performed during fiscal year 15.

Form 990, Part VI, Section C, Line 19

The school's governing documents, conflict of interest policy and financial statements are made available to the public through the website and upon request.

Filing and Contact Details

Filer

Filer Name
Partnership Academy Inc
EIN
01-0701608
Phone
6128663630
Address
305 EAST 77TH STREET, RICHFIELD, MN 55423

Signing Officer

Name
Lisa Hendricks
Title
Executive Director & Principal
Phone
6128663630
Signed
2017-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Hendricks
Formed
2002
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
5
Employees
77
Volunteers
200

Preparer

Firm
Redpath and Company Ltd
Address
4810 WHITE BEAR PARKWAY, WHITE BEAR LAKE, MN 55110
Preparer
Ashley C Rehn CPA
Phone
6514267000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

A tax expense or benefit from an uncertain income tax position (including tax-exempt status) may be recognized only when it is more likely than not that the position will be sustained upon examination by taxing authorities. Management believes the school has no uncertain income tax positions that would result in an accrual, expense or benefit under the more likely than not standard.

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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PARTNERSHIP ACADEMY PROVIDES EXCEPTIONAL LEARNING OPPORTUNITIES FOR STUDENTS IN GRADES K-5 WHO LIVE IN RICHFIELD AND THE NEIGHBORING COMMUNITIES OF BLOOMINGTON AND SOUTH MINNEAPOLIS. STUDENTS OF PARTNERSHIP ACADEMY BENEFIT FROM DATA-DRIVEN INSTRUCTION, A WELL-DEVELOPED ENGLISH LEARNER PROGRAM, HIGH-INTEREST SPECIALS CLASSES, SOCIAL SKILLS DEVELOPMENT, AND AN EXTENDED DAY PROGRAM.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-1873825
IRS990/NetAssetsOrFundBalancesEOYAmt0-1615670
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt05786
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05786
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt034042
IRS990/OccupancyGrp/ProgramServicesAmt0464502
IRS990/OccupancyGrp/TotalAmt0498544
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt063638
IRS990/OfficeExpensesGrp/ProgramServicesAmt049380
IRS990/OfficeExpensesGrp/TotalAmt0113018
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0545086
IRS990/OtherAssetsTotalGrp/EOYAmt0627564
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt032904
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0195343
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0228247
IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1TRANSPORTATION
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc3DUES AND MEMBERSHIPS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08787
IRS990/OtherExpensesGrp/ProgramServicesAmt0253305
IRS990/OtherExpensesGrp/ProgramServicesAmt1175979
IRS990/OtherExpensesGrp/ProgramServicesAmt266080
IRS990/OtherExpensesGrp/TotalAmt0253305
IRS990/OtherExpensesGrp/TotalAmt1175979
IRS990/OtherExpensesGrp/TotalAmt266080
IRS990/OtherExpensesGrp/TotalAmt38787
IRS990/OtherLiabilitiesGrp/BOYAmt03062472
IRS990/OtherLiabilitiesGrp/EOYAmt03135968
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt015071
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015071
IRS990/OtherRevenueTotalAmt015071
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0183955
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02257201
IRS990/OtherSalariesAndWagesGrp/TotalAmt02441156
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019357
IRS990/PayrollTaxesGrp/ProgramServicesAmt0174300
IRS990/PayrollTaxesGrp/TotalAmt0193657
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0180758
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0178820
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt018943
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0174712
IRS990/PensionPlanContributionsGrp/TotalAmt0193655
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0563758
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0712191
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt064125
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036514
IRS990/PrincipalOfficerNm0LISA HENDRICKS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04830736
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02
IRS990/PYOtherExpensesAmt01697257
IRS990/PYOtherRevenueAmt062575
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt069990
IRS990/PYSalariesCompEmpBnftPaidAmt03126066
IRS990/PYTotalExpensesAmt04823323
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04893313
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0258155
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt035505
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt092919
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0351573
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0444492
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04954543
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt085901
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt028946
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0114847
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0627564
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RESOURCES RELATED TO PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02699556
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1436412
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY - LONG TERM
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS OF RESOURCES RELATED TO PENSIONS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05212698
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN INCOME TAX POSITION (INCLUDING TAX-EXEMPT STATUS) MAY BE RECOGNIZED ONLY WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT BELIEVES THE SCHOOL HAS NO UNCERTAIN INCOME TAX POSITIONS THAT WOULD RESULT IN AN ACCRUAL, EXPENSE OR BENEFIT UNDER THE MORE LIKELY THAN NOT STANDARD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0178820
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0627564
IRS990ScheduleD/TotalExpensesPerForm990Amt04954543
IRS990ScheduleD/TotalLiabilityAmt03135968
IRS990ScheduleD/TotalRevenuePerForm990Amt05212698
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05212698
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04954543
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH THEIR ADMISSIONS AND EMPLOYMENT APPLICATIONS
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES FEDERAL AND STATE FUNDING
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S EXECUTIVE COMMITTEE CONSISTS OF TWO OR MORE DIRECTORS AND HAS THE AUTHORITY TO OVERSEE THE BUSINESS AND AFFAIRS OF THE SCHOOL BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE REPORTS TO THE BOARD OF DIRECTORS AT THE NEXT BOARD MEETING CONCERNING ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE, WITH SUCH ACTIONS SUBJECT TO RATIFCATION BY THE FULL BOARD OF DIRECTORS AT SUCH MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL'S MEMBERS INCLUDE INDIVIDUALS CURRENTLY EMPLOYED AT THE SCHOOL AND THE PARENT(S)/GUARDIAN(S) OF AN ENROLLED STUDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AMENDMENTS TO THE SCHOOL'S GOVERNING DOCUMENTS MUST BE APPROVED BY A MAJORITY VOTE OF THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FINANCE COMMITTEE OF THE BOARD REVIEWS THE FORM 990 WHICH IS THEN BROUGHT TO THE FULL BOARD FOR APPROVAL AND SIGNATURE. THE PRESENTATION AND APPROVAL OF THE FORM 990 IS DOCUMENTED IN THE MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD MEMBERS WILL ANNUALLY DISCLOSE THEIR INVOLVEMENTS WITH OTHER ORGANIZATIONS WITH VENDORS, OR ANY ASSOCIATIONS, WHICH MIGHT BE OR MIGHT REASONABLY BE SEEN AS BEING A CONFLICT WHEN THE BOARD IS TO DECIDE UPON AN ISSUE, ABOUT WHICH A BOARD MEMBER HAS AN UNAVOIDABLE CONFLICT OF INTEREST, THAT BOARD MEMBER SHALL ABSENT HERSELF OR HIMSELF WITHOUT COMMENT FROM NOT ONLY THE VOTE, BUT ALSO FROM THE DELIBERATION. BOARD MEMBERS WILL NOT USE THEIR BOARD POSITION TO OBTAIN EMPLOYMENT IN THE SCHOOL FOR THEMSELVES, FAMILY MEMBERS OR CLOSE ASSOCIATES. PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE EXECUTIVE DIRECTOR'S SALARY IS BASED ON THE MARKET (OTHER SCHOOLS AND NONPROFITS) ANALYSIS, BUDGET FACTORS, AND PERFORMANCE REVIEWS. THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE SCHOOL'S OTHER OFFICERS AND TEACHERS' SALARIES ARE BASED ON THE MARKET (OTHER SCHOOLS AND NONPROFITS) ANALYSIS, BUDGET FACTORS AND PERFORMANCE REVIEWS. THE SCHOOL'S OTHER OFFICERS AND TEACHERS' SALARIES ARE APPROVED BY THE BOARD THROUGH THE BUDGET APPROVAL PROCESS EACH SPRING. WHEN INDIVIDUAL SALARIES OF THE EXECUTIVE DIRECTOR OR BOARD MEMBERS ARE DISCUSSED THEY RECUSE THEMSELVES FROM THE DISCUSSION AND DECISION. THESE PROCESSES WERE LAST PERFORMED DURING FISCAL YEAR 15.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH THE WEBSITE AND UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PARTNERSHIP ACADEMY ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0261120263
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOL-SUPPORTING ACTIVITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0305 E 77TH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0RICHFIELD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055423
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.03$9.49$2.46$12.1$12.0$0.08
2023Detailed filing. Detailed filing data is available for this year.$8.45$10.4$1.94$11.1$11.4$0.28
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.41$11.0$3.54$11.2$11.0$0.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.88$10.5$3.60$9.15$8.76$0.39
2020Detailed filing. Detailed filing data is available for this year.$5.07$8.46$3.39$7.75$8.39$0.64
2019Detailed filing. Detailed filing data is available for this year.$5.73$8.48$2.75$6.16$5.36$0.80
2018Detailed filing. Detailed filing data is available for this year.$6.72$10.3$3.55$5.85$6.77$0.92
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$6.95$9.57$2.63$5.92$6.93$1.01
2016Detailed filing. Detailed filing data is available for this year.$1.79$3.41$1.62$5.21$4.95$0.26
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$3.30$1.87$4.89$4.82$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.08$0.49$0.59$4.75$4.74$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.36$0.58$3.91$3.92$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.94$0.49$3.43
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.67$0.49$3.39