Civic Intelligence

Trio Wolf Creek Distance Learning

990 • Fiscal year 2022 • EIN 03-0447156

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 13, 2023

Organization Profilewww.triowolfcreek.com
29678 Karmel AveChisago City, MN 55013

(651) 213-2901

Siviq Scores

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

Liabilities / Assets

90th percentile

0.75x

Higher debt load relative to assets than 90% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

87th percentile

0.94x

Higher debt load relative to revenue than 87% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

62nd percentile

14%

Higher net margin than 62% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

74th percentile

$113,647

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

59th percentile

5.4%

Faster asset growth than 59% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

67th percentile

21%

Faster revenue growth than 67% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$2,904,628

Up $149,001 (+5.4%) from 2021

Net Assets

Up

$727,622

Up $312,277 (+75%) from 2021

Liabilities

Down

$2,177,006

Down $163,276 (-7.0%) from 2021

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin62nd percentile

Revenue

Up

$2,310,580

Up $393,931 (+21%) from 2021

Expenses

Down

$1,998,303

Down $206,289 (-9.4%) from 2021

Net Income

Up

$312,277

Up $600,220 (+208%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,507,098Liabilities 2011: $174,600Net Assets 2011: $1,332,4982011Assets 2012: $1,429,862Liabilities 2012: $180,424Net Assets 2012: $1,249,4382012Assets 2013: $1,488,817Liabilities 2013: $203,685Net Assets 2013: $1,285,1322013Assets 2014: $1,419,280Liabilities 2014: $192,493Net Assets 2014: $1,226,7872014Assets 2015: $1,501,432Liabilities 2015: $205,108Net Assets 2015: $1,296,3242015Assets 2016: $1,682,773Liabilities 2016: $252,341Net Assets 2016: $1,430,4322016Assets 2017: $1,741,581Liabilities 2017: $244,242Net Assets 2017: $1,497,3392017Assets 2018: $2,030,947Liabilities 2018: $237,425Net Assets 2018: $1,793,5222018Assets 2019: $2,309,057Liabilities 2019: $242,676Net Assets 2019: $2,066,3812019Assets 2020: $3,308,611Liabilities 2020: $2,605,323Net Assets 2020: $703,2882020Assets 2021: $2,755,627Liabilities 2021: $2,340,282Net Assets 2021: $415,3452021Assets 2022: $2,904,628Liabilities 2022: $2,177,006Net Assets 2022: $727,6222022Assets 2023: $3,749,127Liabilities 2023: $2,376,274Net Assets 2023: $1,372,8532023Assets 2024: $3,731,149Liabilities 2024: $2,283,336Net Assets 2024: $1,447,8132024

Highlighted filing

2022

Assets$2,904,628
Liabilities$2,177,006
Net Assets$727,622
Open 2022 Filing

Operations Trend

Revenue Growth67th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,380,413Expenses 2011: $1,278,280Net Income 2011: $102,1332011Revenue 2012: $1,289,081Expenses 2012: $1,372,141Net Income 2012: -$83,0602012Revenue 2013: $1,406,944Expenses 2013: $1,371,250Net Income 2013: $35,6942013Revenue 2014: $1,438,147Expenses 2014: $1,496,492Net Income 2014: -$58,3452014Revenue 2015: $1,669,752Expenses 2015: $1,600,215Net Income 2015: $69,5372015Revenue 2016: $1,852,839Expenses 2016: $1,718,731Net Income 2016: $134,1082016Revenue 2017: $1,843,939Expenses 2017: $1,784,367Net Income 2017: $59,5722017Revenue 2018: $2,052,736Expenses 2018: $1,776,091Net Income 2018: $276,6452018Revenue 2019: $2,181,120Expenses 2019: $1,909,352Net Income 2019: $271,7682019Revenue 2020: $2,060,470Expenses 2020: $2,054,869Net Income 2020: $5,6012020Revenue 2021: $1,916,649Expenses 2021: $2,204,592Net Income 2021: -$287,9432021Revenue 2022: $2,310,580Expenses 2022: $1,998,303Net Income 2022: $312,2772022Revenue 2023: $2,858,798Expenses 2023: $2,213,567Net Income 2023: $645,2312023Revenue 2024: $2,583,476Expenses 2024: $2,508,516Net Income 2024: $74,9602024

Highlighted filing

2022

Revenue$2,310,580
Expenses$1,998,303
Net Income$312,277
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 13, 2023
Return Version
2021v4.2
Gross Receipts
$2,310,580
Mission and Program Overview

Mission

To provide students with a personalized and flexible online education that will prepare them for future success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,296,000$1,248,000▼ $48,000
Cash and Non-Interest-Bearing Accounts$493,490$565,464▲ $71,974
Pledges and Grants Receivable$247,951$446,628▲ $198,677
Land, Buildings, and Equipment, Net$214,503$196,100▼ $18,403
Prepaid Expenses and Deferred Charges$38,997$46,535▲ $7,538
Accounts Receivable$3,192$6,072▲ $2,880
Total Assets$2,755,627$2,904,628▲ $149,001
Other Assets Total$461,494$395,829▼ $65,665
Liabilities
Other Liabilities$2,113,150$1,928,337▼ $184,813
Grants Payable$107,980$133,062▲ $25,082
Accounts Payable and Accrued Expenses$115,630$112,685▼ $2,945
Deferred Revenue$3,522$2,922▼ $600
Total Liabilities$2,340,282$2,177,006▼ $163,276
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$101,647$401,669▲ $300,022
Net Assets With Donor Restrictions$313,698$325,953▲ $12,255
Total Net Assets Fund Balance$415,345$727,622▲ $312,277
Total Liabilities and Net Assets / Fund Balance$2,755,627$2,904,628▲ $149,001

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$95,132$506,434$601,566
Leasehold Improvements$100,968$164,627$265,595
Other Assets Org$395,829--
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tracy QuarnstromDirectorFT$113,647$113,647
Brenda SwansonDean of StudentsFT$98,120$98,120
Sandra FlintSecretary/Treasurer/Learning ManagerFT$70,339$70,339
Becki OlseenMember and Learning ManagerFT$55,915$55,915
Chloe JacksonMember and Learning ManagerFT$54,992$54,992
Susan FrameVice Chairperson-$700$700
Jennifer LakeMember-$650$650
Catherine Veith-BrunoMember-$550$550
Jeffrey VitaliChairperson-$550$550
Gregory PaineMember-$400$400

Highest Paid Contractors

ContractorServicesLocationCompensation
Chisago Lakes Schools #2144Education Services29678 Karmel Avenue, Chisago City, MN 55013$110,882
Revenue and Support

Revenue Composition

Contributions and Grants
$2,179,290
Program Service Revenue
$6,340
Investment Income
$5,802
Other Revenue
$119,148
All Other Contributions
$3,136
Change in Net Assets
$312,277

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,192,206
Revenue Not Reported on Financial Statements
$118,374
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$118,374
Total Revenue per Audited Statements
$2,192,206
Total Revenue per Form 990
$2,310,580
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,383,298
Other Expenses$615,005
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$499,383$68,805-$568,188
Current Officers, Directors, Trustees, and Key Employees$347,925$47,938-$395,863
Other Employee Benefits$238,473$29,362-$267,835
Fees for Services Other$185,221$63,365-$248,586
Pension Plan Contributions$69,496$9,348-$78,844
Payroll Taxes$63,752$8,816-$72,568
Depreciation Depletion$38,884--$38,884
Information Technology$24,538$6,287-$30,825
Occupancy$24,270--$24,270
Office Expenses$15,606$3,492-$19,098
Insurance-$13,895-$13,895
Other Expenses$2,589$5,876-$8,465
All Other Expenses$5,428--$5,428
Travel$4,578$449-$5,027
Fees for Services Legal-$823-$823
Total Functional Expenses$1,738,992$259,311$0$1,998,303

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,998,303
Total Expenses per Form 990$1,998,303
Total Expenses per Audited Statements$1,879,929
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-118,374
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
Deferred Inflows$1,207,835
Pension Liability$720,502
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The Form 990 is reviewed by the Board of Directors at an open, regular school board meeting. A motion is made by the Board of Directors to approve the Form 990.”

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

“The Conflict of Interest Policy is reviewed annually with the Board and is available on the TRIO website. All members of the TRIO Wolf Creek Board sign an agreement that affirms their commitment as a member of the TRIO Wolf Creek Board and states that they will comply with all federal and state laws governing academic, organizational, programmatic, and financial requirements applicable to charter schools as required by Minnesota State Statutes. Board members annually sign a statement at a regular board meeting indicating that they do not have any interests that could give rise to conflicts. If a conflict of interest is brought to the attention of the Director or any other board members, it is immediately addressed.”

Form 990, Part VI, Section B, line 15

“The Director is evaluated by all members of the Board. The Board Chair and the Treasurer meet with the Director to set the Director's salary and fringe benefits based on the evaluation. Comparable data from other charter schools and public schools is reviewed as a basis for the Director's contract and fringe benefits. All contracts are approved by the Board.”

Form 990, Part VI, Section C, line 19

“The Organization makes its governing documents, conflict of interest policy, and financial statements available on its website.”

Filing and Contact Details

Filer

Filer Name
TRIO Wolf Creek Distance Learning
EIN
03-0447156
Phone
6512132901
Address
29678 Karmel Ave, Chisago City, MN 55013

Signing Officer

Name
Sandra Flint
Title
Treasurer/Secretary
Phone
6512132901
Signed
2023-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandra Flint
Formed
2002
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
5
Employees
28
Volunteers
0

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 IX, line 11G

“Consultants: Program service expenses 41,765. Management and general expenses 63,365. Fundraising expenses 0. Total expenses 105,130. Elementary, Secondary, and Special Education Services: Program service expenses 143,456. Management and general expenses 0. Fundraising expenses 0. Total expenses 143,456.”

Form 990, Part XII, Line 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter 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, 2022, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Charter 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.”

Part XI, Line 4B - Other Adjustments:

“Negative pension expense reclassified as revenue”

Part XII, Line 2D - Other Adjustments:

“Negative pension expense reclassified as revenue”

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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/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To provide students with a personalized and flexible online education that will prepare them for future success.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt0727622
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0401669
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt024270
IRS990/OccupancyGrp/TotalAmt024270
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03492
IRS990/OfficeExpensesGrp/ProgramServicesAmt015606
IRS990/OfficeExpensesGrp/TotalAmt019098
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
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IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0461494
IRS990/OtherAssetsTotalGrp/EOYAmt0395829
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt029362
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0238473
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0267835
IRS990/OtherExpensesGrp/Desc0Equipment and Rentals
IRS990/OtherExpensesGrp/Desc1Supplies
IRS990/OtherExpensesGrp/Desc2Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc3Dues and Memberships
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0698
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1157
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25876
IRS990/OtherExpensesGrp/ProgramServicesAmt0155584
IRS990/OtherExpensesGrp/ProgramServicesAmt141097
IRS990/OtherExpensesGrp/ProgramServicesAmt222168
IRS990/OtherExpensesGrp/ProgramServicesAmt32589
IRS990/OtherExpensesGrp/TotalAmt0155584
IRS990/OtherExpensesGrp/TotalAmt141795
IRS990/OtherExpensesGrp/TotalAmt222325
IRS990/OtherExpensesGrp/TotalAmt38465
IRS990/OtherLiabilitiesGrp/BOYAmt02113150
IRS990/OtherLiabilitiesGrp/EOYAmt01928337
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Pension Revenue
IRS990/OtherRevenueMiscGrp/ExclusionAmt0119148
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0119148
IRS990/OtherRevenueTotalAmt0119148
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt068805
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0499383
IRS990/OtherSalariesAndWagesGrp/TotalAmt0568188
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08816
IRS990/PayrollTaxesGrp/ProgramServicesAmt063752
IRS990/PayrollTaxesGrp/TotalAmt072568
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt09348
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt069496
IRS990/PensionPlanContributionsGrp/TotalAmt078844
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0247951
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0446628
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038997
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt046535
IRS990/PrincipalOfficerNm0Sandra Flint
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0Tuition
IRS990/ProgramServiceRevenueGrp/Desc1Other Fees from Patron
IRS990/ProgramServiceRevenueGrp/Desc2Other Sales
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04445
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11530
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2365
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04445
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11530
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2365
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01897104
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07390
IRS990/PYOtherExpensesAmt0545022
IRS990/PYOtherRevenueAmt08717
IRS990/PYProgramServiceRevenueAmt03438
IRS990/PYRevenuesLessExpensesAmt0-287943
IRS990/PYSalariesCompEmpBnftPaidAmt01659570
IRS990/PYTotalExpensesAmt02204592
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01916649
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0312277
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06340
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01296000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01248000
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/BookValueAmt095132
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0506434
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0601566
IRS990ScheduleD/ExpensesNotReportedAmt0-118374
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01998303
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0100968
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0164627
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0265595
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0395829
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows
IRS990ScheduleD/OtherExpensesIncludedAmt0-118374
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01207835
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1720502
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred Inflows
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Pension Liability
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0118374
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0118374
IRS990ScheduleD/RevenueSubtotalAmt02192206
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter 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, 2022, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Charter 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/ExplanationTxt1Negative pension expense reclassified as revenue
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Negative pension expense reclassified as revenue
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0196100
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0395829
IRS990ScheduleD/TotalExpensesPerForm990Amt01998303
IRS990ScheduleD/TotalLiabilityAmt01928337
IRS990ScheduleD/TotalRevenuePerForm990Amt02310580
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02192206
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01879929
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/ExplanationTxt0During the student registration period all students are directed to our website handbook and policies. This policy is included in those materials.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The Organization receives financial aid and assistance from the Minnesota Department of Education and the U.S. Department of Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is reviewed by the Board of Directors at an open, regular school board meeting. A motion is made by the Board of Directors to approve the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Conflict of Interest Policy is reviewed annually with the Board and is available on the TRIO website. All members of the TRIO Wolf Creek Board sign an agreement that affirms their commitment as a member of the TRIO Wolf Creek Board and states that they will comply with all federal and state laws governing academic, organizational, programmatic, and financial requirements applicable to charter schools as required by Minnesota State Statutes. Board members annually sign a statement at a regular board meeting indicating that they do not have any interests that could give rise to conflicts. If a conflict of interest is brought to the attention of the Director or any other board members, it is immediately addressed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Director is evaluated by all members of the Board. The Board Chair and the Treasurer meet with the Director to set the Director's salary and fringe benefits based on the evaluation. Comparable data from other charter schools and public schools is reviewed as a basis for the Director's contract and fringe benefits. All contracts are approved by the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization makes its governing documents, conflict of interest policy, and financial statements available on its website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Consultants: Program service expenses 41,765. Management and general expenses 63,365. Fundraising expenses 0. Total expenses 105,130. Elementary, Secondary, and Special Education Services: Program service expenses 143,456. Management and general expenses 0. Fundraising expenses 0. Total expenses 143,456.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,904,628
Liabilities
$2,177,006
Net assets
$727,622
Revenue
$2,310,580
Expenses
$1,998,303
Net income
$312,277
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.73$2.28$1.45$2.58$2.51$0.07
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.75$2.38$1.37$2.86$2.21$0.65
2022Detailed filing. Detailed filing data is available for this year.$2.90$2.18$0.73$2.31$2.00$0.31
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$2.34$0.42$1.92$2.20$0.29
2020Detailed filing. Detailed filing data is available for this year.$3.31$2.61$0.70$2.06$2.05$0.01
2019Summary only. Only limited summary data is available for this year.$2.31$0.24$2.07$2.18$1.91$0.27
2018Summary only. Only limited summary data is available for this year.$2.03$0.24$1.79$2.05$1.78$0.28
2017Summary only. Only limited summary data is available for this year.$1.74$0.24$1.50$1.84$1.78$0.06
2016Summary only. Only limited summary data is available for this year.$1.68$0.25$1.43$1.85$1.72$0.13
2015Summary only. Only limited summary data is available for this year.$1.50$0.21$1.30$1.67$1.60$0.07
2014Summary only. Only limited summary data is available for this year.$1.42$0.19$1.23$1.44$1.50$0.06
2013Summary only. Only limited summary data is available for this year.$1.49$0.20$1.29$1.41$1.37$0.04
2012Summary only. Only limited summary data is available for this year.$1.43$0.18$1.25$1.29$1.37$0.08
2011Summary only. Only limited summary data is available for this year.$1.51$0.17$1.33$1.38$1.28$0.10