Civic Intelligence

International Spanish Language Academy

990 • Fiscal year 2013 • EIN 01-0872726

Jul 01, 2012 to Jun 30, 2013 • Filed on Apr 30, 2014

Organization ProfileWWW.ISLA.SCHOOL
5959 Shady Oak Road SEdina, MN 55343-8969
Siviq Scores

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

Liabilities / Assets

58th percentile

0.19x

Higher debt load relative to assets than 58% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

47th percentile

0.09x

Higher debt load relative to revenue than 47% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

55th percentile

4.4%

Higher net margin than 55% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

46th percentile

1.0%

Faster asset growth than 46% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

67th percentile

13%

Faster revenue growth than 67% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2013

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$1,066,574

Up $10,628 (+1.0%) from 2012

Net Assets

Up

$867,391

Up $94,921 (+12%) from 2012

Liabilities

Down

$199,183

Down $84,293 (-30%) from 2012

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin55th percentile

Revenue

$2,180,023

No earlier filing loaded for comparison.

Expenses

Up

$2,085,102

Up $252,590 (+14%) from 2012

Net Income

$94,921

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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

$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

2013

Assets$1,066,574
Liabilities$199,183
Net Assets$867,391
Open 2013 Filing

Operations Trend

Revenue Growth67th percentile

Revenue, expenses, and net income across loaded years, with this 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

2013

Revenue$2,180,023
Expenses$2,085,102
Net Income$94,921
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Apr 30, 2014
Return Version
2012v2.1
Gross Receipts
$2,180,023
Mission and Program Overview

Mission

Isla, a pre-k-6 spanish immersion community, empowers the whole child by nurturing the development of personal growth, strong character, academic excellence, and global vision.

Filing and Contact Details

Filer

EIN
01-0872726
Raw XML AppendixShowing 400 of 481 raw XML fields

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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0The Academy is exempt from income taxes under Internal Revenue Service Code 501(c)(3). The Academy is subject to a tax on income from any unrelated business. The Academy is subject to the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) Accounting Standards Codification 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes). Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The Academy has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where it operates. The Academy believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Academy's financial condition, results of operations, or cash flows. Accordingly, the Academy has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2013. The Academy is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods. Open audit periods for the Academy are the years ended June 30, 2010, 2011, and 2012.
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IRS990ScheduleE/PolicyStatementInBrochuresEtc01
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0Board members Sonia Miller-Van Oort and Joe Rinaldi have a family relationship.
IRS990ScheduleO/GeneralExplanation/Explanation1The form 990 is prepared by an independent accounting firm. Once the Form is completed, it is given to the board of directors for review and approval. With the boards approval, the Executive Director signs and files it.
IRS990ScheduleO/GeneralExplanation/Explanation2Board members sign a conflict of interest statement annually. The Board also reviews the conflict of interest policy annually and makes changes as necessary.
IRS990ScheduleO/GeneralExplanation/Explanation3The School Board does an annual evaluation of the Executive Director and determines the compensation. The Executive Director evaluates employees and makes recommendations to the School Board. The Board bases its compensation on the knowledge of the budget.
IRS990ScheduleO/GeneralExplanation/Explanation4The organization makes it governing documents available online. The conflict of interest policy and financial statements are available to the public upon request.
IRS990ScheduleO/GeneralExplanation/Explanation5The Academy's Board assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant annually. This process has not changed from the prior year.
IRS990ScheduleO/GeneralExplanation/Explanation6Two members of the Board are teachers at the Academy. Minnesota State Statute 124D.10 subd. 4(g) requires the Board to have at least one employed or contracted teacher.
IRS990ScheduleO/GeneralExplanation/Explanation7The Academy is required to have an Authorizer to monitor its operations in order to maintain its charter. The Academy's approved Authorizer during the fiscal year 2013 was Innovative Quality Schools.
IRS990ScheduleO/GeneralExplanation/Explanation8Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no transactions noted.
IRS990ScheduleO/GeneralExplanation/Identifier0Selection of auditor
IRS990ScheduleO/GeneralExplanation/Identifier1Independent board members
IRS990ScheduleO/GeneralExplanation/Identifier2Authorizer
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART XII, LINE 2c
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION A, LINE 1B
IRS990ScheduleO/GeneralExplanation/ReturnReference7RELATED ORGANIZATION COMPENSATION
IRS990/ScheduleORequired01
IRS990/School01
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MN
IRS990/StatesWhereCopyOfReturnIsFiled0MN
IRS990/SubjectToProxyTax00
IRS990/TaxableDistributions00
IRS990/TaxablePartyNotification00

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,066,574
Liabilities
$199,183
Net assets
$867,391
Revenue
$2,180,023
Expenses
$2,085,102
Net income
$94,921
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
Peer Organizations

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