Civic Intelligence

International Spanish Language Academy

EIN 01-0872726 • 501(c)3 • Minneapolis, MN

Profile

Operate a public elementary school that immerses students in the Spanish language and with a rigorous academic program designed to promote strong character, personal growth, academic excellence, and global vision.

5350 W 78th StreetMinneapolis, MN 55439

www.isla-academy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.42x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.62x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

22nd percentile

-8.1%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

54th percentile

$139,831

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

11th percentile

-12%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

16%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,944,121

Down $417,717 (-12%) from 2023

Liabilities

Up

$4,172,429

Up $127,119 (+3.1%) from 2023

Net Assets

Down

-$1,228,308

Down $544,836 (-80%) from 2023

Revenue

Up

$6,695,853

Up $900,138 (+16%) from 2023

Expenses

Up

$7,240,689

Up $1,261,367 (+21%) from 2023

Net Income

Down

-$544,836

Down $361,229 (-197%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $404,715Liabilities 2010: $31,110Net Assets 2010: $373,6052010Assets 2011: $550,799Liabilities 2011: $53,556Net Assets 2011: $497,2432011Assets 2012: $1,055,946Liabilities 2012: $283,476Net Assets 2012: $772,4702012Assets 2013: $1,066,574Liabilities 2013: $199,183Net Assets 2013: $867,3912013Assets 2014: $1,099,066Liabilities 2014: $189,886Net Assets 2014: $909,1802014Assets 2015: $1,423,264Liabilities 2015: $1,548,887Net Assets 2015: -$125,6232015Assets 2016: $1,464,065Liabilities 2016: $1,575,949Net Assets 2016: -$111,8842016Assets 2017: $4,107,753Liabilities 2017: $4,697,518Net Assets 2017: -$589,7652017Assets 2018: $4,175,621Liabilities 2018: $5,287,442Net Assets 2018: -$1,111,8212018Assets 2019: $3,481,726Liabilities 2019: $4,199,454Net Assets 2019: -$717,7282019Assets 2020: $3,077,012Liabilities 2020: $4,084,169Net Assets 2020: -$1,007,1572020Assets 2021: $2,475,051Liabilities 2021: $3,868,387Net Assets 2021: -$1,393,3362021Assets 2022: $3,097,442Liabilities 2022: $4,181,638Net Assets 2022: -$1,084,1962022Assets 2023: $3,361,838Liabilities 2023: $4,045,310Net Assets 2023: -$683,4722023Assets 2024: $2,944,121Liabilities 2024: $4,172,429Net Assets 2024: -$1,228,3082024

Highlighted filing

2024

Assets$2,944,121
Liabilities$4,172,429
Net Assets-$1,228,308

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,265,7782010Revenue 2011: $1,715,813Expenses 2011: $1,592,175Net Income 2011: $123,6382011Expenses 2012: $1,832,5122012Revenue 2013: $2,180,023Expenses 2013: $2,085,102Net Income 2013: $94,9212013Revenue 2014: $2,394,731Expenses 2014: $2,352,942Net Income 2014: $41,7892014Revenue 2015: $2,593,808Expenses 2015: $2,513,482Net Income 2015: $80,3262015Revenue 2016: $2,705,440Expenses 2016: $2,691,701Net Income 2016: $13,7392016Revenue 2017: $3,085,510Expenses 2017: $3,563,391Net Income 2017: -$477,8812017Revenue 2018: $3,252,708Expenses 2018: $3,774,764Net Income 2018: -$522,0562018Revenue 2019: $3,444,371Expenses 2019: $3,050,278Net Income 2019: $394,0932019Revenue 2020: $3,758,221Expenses 2020: $4,047,650Net Income 2020: -$289,4292020Revenue 2021: $3,628,425Expenses 2021: $4,014,604Net Income 2021: -$386,1792021Revenue 2022: $5,135,143Expenses 2022: $5,562,745Net Income 2022: -$427,6022022Revenue 2023: $5,795,715Expenses 2023: $5,979,322Net Income 2023: -$183,6072023Revenue 2024: $6,695,853Expenses 2024: $7,240,689Net Income 2024: -$544,8362024

Highlighted filing

2024

Revenue$6,695,853
Expenses$7,240,689
Net Income-$544,836

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.94$4.17$1.23$6.70$7.24$0.54
2023Detailed filing. Detailed filing data is available for this year.$3.36$4.05$0.68$5.80$5.98$0.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.10$4.18$1.08$5.14$5.56$0.43
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.48$3.87$1.39$3.63$4.01$0.39
2020Detailed filing. Detailed filing data is available for this year.$3.08$4.08$1.01$3.76$4.05$0.29
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$4.20$0.72$3.44$3.05$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.18$5.29$1.11$3.25$3.77$0.52
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.11$4.70$0.59$3.09$3.56$0.48
2016Detailed filing. Detailed filing data is available for this year.$1.46$1.58$0.11$2.71$2.69$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.42$1.55$0.13$2.59$2.51$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.10$0.19$0.91$2.39$2.35$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.20$0.87$2.18$2.09$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.28$0.77$1.83
2011Summary only. Only limited summary data is available for this year.$0.55$0.05$0.50$1.72$1.59$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.03$0.37$1.27
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$6,695,853
Mission and Program Overview

Mission

Operate a public elementary school that immerses students in the Spanish language and with a rigorous academic program designed to promote strong character, personal growth, academic excellence, and global vision.

ISLA, a Pre-K-5 Spanish immersion community, empowers the whole child by nurturing the development of personal growth, strong character, academic excellence, and global vision.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$611,967$976,577▲ $364,610
Rtn Earn Endowment Incm Other Fnds$349,224$689,467▲ $340,243
Savings and Temporary Cash Investments$765,157$375,000▼ $390,157
Pd in Cap Srpls Land Bldg Eqp Fund$189,453$152,519▼ $36,934
Land, Buildings, and Equipment, Net$188,761$150,132▼ $38,629
Cash and Non-Interest-Bearing Accounts$192,114$148,820▼ $43,294
Prepaid Expenses and Deferred Charges$48,950$36,558▼ $12,392
Cap Stk Tr Prin Current Funds$-1,222,149$-2,070,294▼ $848,145
Total Assets$3,361,838$2,944,121▼ $417,717
Other Assets Total$1,554,889$1,257,034▼ $297,855
Liabilities
Other Liabilities$3,564,928$3,721,073▲ $156,145
Accounts Payable and Accrued Expenses$430,212$397,011▼ $33,201
Deferred Revenue$50,170$54,345▲ $4,175
Total Liabilities$4,045,310$4,172,429▲ $127,119
Net Assets / Fund Balance
Total Net Assets Fund Balance$-683,472$-1,228,308▼ $544,836
Total Liabilities and Net Assets / Fund Balance$3,361,838$2,944,121▼ $417,717

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$150,132$417,276$567,408
Other Assets Org$13,673--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeremy PerrinExecutive DirectorFT$116,700$23,131$139,831
Adriana MaldonadoMember/TeacherFT$85,883$12,995$98,878
Jordi CostaMember/TeacherFT$60,160$8,767$68,927
Rachel KarlovMember/TeacherFT$54,448$8,513$62,961

Board Members and Trustees

NameTitle
Lida EtemadChair
Heidi EstradaVice Chair
Molly SchwaigerExecutive Director (beginning June 2024)
Dana ProvusMember
Isabelle KrischMember
Jennifer McCormackMember
Lisa WittigMember
Marielos CabreraMember
Steven KregelMember
Andrew SundalSecretary
Kyle OrwickTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Pride Transportation Bus Services LLCTransportation45 Ivy Avenue West, St Paul, MN 55117$453,864
Cafe RacerFood Service3000 East 25th Street, Minneapolis, MN 55406$111,459
Revenue and Support

Revenue Composition

Contributions and Grants
$5,603,173
Program Service Revenue
$1,049,939
Investment Income
$18,245
Other Revenue
$24,496
All Other Contributions
$152,476
Change in Net Assets
$-544,836
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,299,352
Other Expenses$2,941,337
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,462,870$234,524-$2,697,394
Occupancy$957,382--$957,382
Pension Plan Contributions$140,746$566,673-$707,419
Fees for Services Other$628,836$27,994-$656,830
Travel$530,229--$530,229
Current Officers, Directors, Trustees, and Key Employees$313,965$60,718-$374,683
Other Employee Benefits$288,451$26,087-$314,538
Payroll Taxes$186,514$18,804-$205,318
Fees for Services Accounting-$102,879-$102,879
Office Expenses$49,383$7,520-$56,903
Depreciation Depletion$35,458$20,264-$55,722
Information Technology$31,923$9,778-$41,701
Insurance$13,442$16,754-$30,196
Other Expenses$4,445$9,119-$13,564
Fees for Services Legal-$13,380-$13,380
All Other Expenses$8,311$312-$8,623
Interest$1,839--$1,839
Total Functional Expenses$6,087,732$1,152,957$0$7,240,689
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$3,069,344
Deferred inflow of resources$640,443
Lease payable$11,286
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 35% controlled entity
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 1A

The Organization has an Executive Committee, consisted of officers of the school. Authority of this committee is rarely used. This committee has the powers of the Board of Directors, less the ability to amend the Organization's governing documents, appoint or remove directors or the Executive Director, approve a dissolution or merger of the school's assets, or adopt the school's budget.

Form 990, Part VI, Section B, line 11B

The Form 990 is prepared by an independent accounting firm and reviewed by the school's management. The reviewed draft of the Form 990 is provided to the board electronically prior to filing with the IRS.

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

Board members sign a conflict of interest statement annually. The board also reviews the conflict of interest policy annually and makes changes as necessary.

Form 990, Part VI, Section B, line 15

The school board does an annual evaluation of the Executive Director and determines the compensation. The Executive Director evaluations employees and makes recommendations to the school board. The board bases its compensation on the knowledge of the budget. The process was last completed in 2024.

Form 990, Part VI, Section C, line 19

The organization makes its governing documents available online. The conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
International Spanish Language Academy
EIN
01-0872726
Phone
9527466020
Address
5350 W 78th Street, Minneapolis, MN 55439

Signing Officer

Name
Molly Schwaiger
Title
Executive Director
Phone
9527466020
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Molly Schwaiger
Formed
2006
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
10
Employees
76
Volunteers
100

Preparer

Firm
Abdo LLP
Address
5201 Eden Ave Ste 250, Edina, MN 55436
Preparer
Steven D Anseth CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1:

The school follows a modified accrual method of accounting as prescribed by the Minnesota Department of Education. The schoolwide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Grants and similar items are recognized when all eligility requirements imposed by the provider have been met.

Form 990, Part XII, Line 2C:

The Academy's board assumes responsibility for oversight of the audit of its financial statements and selection of an independent auditor annually. This process has not changed from the prior year.

Financial Statement Notes

Part X, Line 2:

The School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2024, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The School files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are closed. No returns are currently under examination in any tax jurisdiction.

Raw XML AppendixShowing 400 of 549 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0International Spanish Language Academy (ISLA), a public elementary school, immerses students PreK-5 in the Spanish language. This method of instruction, along with a rigorous academic program, provides students with a high level of proficiency in both Spanish and English.International Spanish Language Academy (ISLA) promotes strong character through International Baccalaureate Organization Primary Years Programme, also referred to as PYP. PYP promotes the total growth of the developing child, touching hearts as well as minds. The program encompasses social, physical, emotional, and cultural needs in addition to academic welfare.International Spanish Language Academy (ISLA) values our global community and strives to make connections by respecting and understanding the views, values and traditions of individuals and cultures. International Spanish Language Academy (ISLA) provides a quality education that prepares critically thinking, socially capable, culturally aware young people to thrive in a diverse, global society.
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IRS990/Form990PartVIISectionAGrp/PersonNm5Steven Kregel
IRS990/Form990PartVIISectionAGrp/PersonNm6Jennifer McCormack
IRS990/Form990PartVIISectionAGrp/PersonNm7Marielos Cabrera
IRS990/Form990PartVIISectionAGrp/PersonNm8Adriana Maldonado
IRS990/Form990PartVIISectionAGrp/PersonNm9Rachel Karlov
IRS990/Form990PartVIISectionAGrp/PersonNm10Kyle Orwick
IRS990/Form990PartVIISectionAGrp/PersonNm11Heidi Estrada
IRS990/Form990PartVIISectionAGrp/PersonNm12Andrew Sundal
IRS990/Form990PartVIISectionAGrp/PersonNm13Jeremy Perrin
IRS990/Form990PartVIISectionAGrp/PersonNm14Molly Schwaiger
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Member/Teacher
IRS990/Form990PartVIISectionAGrp/TitleTxt9Member/Teacher
IRS990/Form990PartVIISectionAGrp/TitleTxt10Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt11Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt12Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt13Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Executive Director (beginning June 2024)
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IRS990/FormationYr02006
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IRS990/GrantsToOrganizationsInd00
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IRS990/InsuranceGrp/ManagementAndGeneralAmt016754
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IRS990/InsuranceGrp/TotalAmt030196
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IRS990/MissionDesc0ISLA, a Pre-K-5 Spanish immersion community, empowers the whole child by nurturing the development of personal growth, strong character, academic excellence, and global vision.
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IRS990/OccupancyGrp/ProgramServicesAmt0957382
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07520
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IRS990/OfficeExpensesGrp/TotalAmt056903
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IRS990/OtherExpensesGrp/Desc0Food/Milk
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IRS990/OtherExpensesGrp/Desc2Dues and Memberships
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IRS990/PrincipalOfficerNm0Molly Schwaiger
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0150132
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0417276
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0567408
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01243361
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt113673
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred outflow of resources
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Right of use asset
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011286
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13069344
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2640443
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Lease payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net pension liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred inflow of resources
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2024, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The School files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are closed. No returns are currently under examination in any tax jurisdiction.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt01257034
IRS990ScheduleD/TotalLiabilityAmt03721073
IRS990ScheduleE/ComplianceWithRevProc7550Ind00
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01

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