Civic Intelligence

Green Isle Community School

990 • Fiscal year 2018 • EIN 03-0551630

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 06, 2019

190 Mcgrann Street PO box 277Green Isle, MN 55338

(507) 326-7144

Siviq Scores

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

Liabilities / Assets

88th percentile

0.61x

Higher debt load relative to assets than 88% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

71st percentile

0.15x

Higher debt load relative to revenue than 71% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

52nd percentile

4.4%

Higher net margin than 52% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

90th percentile

61%

Faster asset growth than 90% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

35th percentile

-2.4%

Faster revenue growth than 35% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$204,708

Up $77,495 (+61%) from 2017

Net Assets

Up

$79,993

Up $37,301 (+87%) from 2017

Liabilities

Up

$124,715

Up $40,194 (+48%) from 2017

Revenue

Down

$852,818

Down $21,344 (-2.4%) from 2017

Expenses

Down

$815,517

Down $61,718 (-7.0%) from 2017

Net Income

Up

$37,301

Up $40,374 (+1314%) from 2017

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200KAssets 2011: $231,694Liabilities 2011: $61,821Net Assets 2011: $169,8732011Assets 2012: $273,320Liabilities 2012: $100,561Net Assets 2012: $172,7592012Assets 2013: $220,888Liabilities 2013: $60,760Net Assets 2013: $160,1282013Assets 2014: $166,812Liabilities 2014: $62,654Net Assets 2014: $104,1582014Assets 2015: $118,853Liabilities 2015: $60,603Net Assets 2015: $58,2502015Assets 2016: $170,301Liabilities 2016: $124,536Net Assets 2016: $45,7652016Assets 2017: $127,213Liabilities 2017: $84,521Net Assets 2017: $42,6922017Assets 2018: $204,708Liabilities 2018: $124,715Net Assets 2018: $79,9932018Assets 2019: $120,821Liabilities 2019: $58,966Net Assets 2019: $61,8552019Assets 2020: $197,147Liabilities 2020: $178,506Net Assets 2020: $18,6412020Assets 2021: $182,451Liabilities 2021: $298,889Net Assets 2021: -$116,4382021

Highlighted filing

2018

Assets$204,708
Liabilities$124,715
Net Assets$79,993

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $728,3822011Expenses 2012: $754,4772012Revenue 2013: $777,150Expenses 2013: $789,781Net Income 2013: -$12,6312013Revenue 2014: $628,937Expenses 2014: $684,907Net Income 2014: -$55,9702014Revenue 2015: $683,692Expenses 2015: $729,600Net Income 2015: -$45,9082015Revenue 2016: $701,197Expenses 2016: $713,682Net Income 2016: -$12,4852016Revenue 2017: $874,162Expenses 2017: $877,235Net Income 2017: -$3,0732017Revenue 2018: $852,818Expenses 2018: $815,517Net Income 2018: $37,3012018Revenue 2019: $916,625Expenses 2019: $938,016Net Income 2019: -$21,3912019Revenue 2020: $987,648Expenses 2020: $1,030,862Net Income 2020: -$43,2142020Revenue 2021: $1,116,663Expenses 2021: $1,251,742Net Income 2021: -$135,0792021

Highlighted filing

2018

Revenue$852,818
Expenses$815,517
Net Income$37,301
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 6, 2019
Return Version
2017v2.3
Gross Receipts
$852,818
Mission and Program Overview

Mission

To foster a positive and respectful multiage environment that promotes educational excellence, service, learning, community connections, and responsible citizenship for students in grades k-6.

Public school serving students in grades k-6.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,812$32,651▲ $23,839
Prepaid Expenses and Deferred Charges$9,875$7,689▼ $2,186
Accounts Receivable$65$638▲ $573
Savings and Temporary Cash Investments$4,361$-1,522▼ $5,883
Total Assets$127,213$204,708▲ $77,495
Other Assets Total$104,100$165,252▲ $61,152
Liabilities
Accounts Payable and Accrued Expenses$46,609$105,914▲ $59,305
Other Liabilities$22,912$0▼ $22,912
Mortgage Notes Payable Secured by Investment Property$15,000$18,801▲ $3,801
Total Liabilities$84,521$124,715▲ $40,194
Net Assets / Fund Balance
Temporarily Rstr Net Assets$19,937$49,325▲ $29,388
Unrestricted Net Assets$22,755$30,668▲ $7,913
Total Net Assets Fund Balance$42,692$79,993▲ $37,301
Total Liabilities and Net Assets / Fund Balance$127,213$204,708▲ $77,495

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$32,651$77,636$110,287
Other Assets Org$160,137--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nick PollackBoard Chair/Parent Member
Jackie LarsonVice Chair/Teacher Member
Colleen ZeiherClerk/Parent Member
Holly HarjesCommunity Member
Brandy BarrettEx-Officio (non-voting)
Tami WentzlaffSecretary/Teacher Member
Lindsay PaschkeTeacher Member
Shelley KingTreasurer/Parent Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Edvisions CooperativeEducation instruction/School management501 Main Street PO Box 518, Henderson, MN 56044$469,748
Revenue and Support

Revenue Composition

Contributions and Grants
$819,782
Program Service Revenue
$33,001
Investment Income
$35
Other Revenue
$0
All Other Contributions
$16,558
Change in Net Assets
$37,301

Audited Revenue Reconciliation

Revenue per Audited Statements
$852,818
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$852,818
Total Revenue per Form 990
$852,818
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$815,517
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$392,767$91,207-$483,974
Occupancy$136,609--$136,609
Travel$91,501--$91,501
Fees for Services Legal-$24,922-$24,922
Office Expenses$15,465$5,476-$20,941
Insurance$11,984--$11,984
Depreciation Depletion$3,961--$3,961
Advertising-$3,228-$3,228
Other Expenses$2,745--$2,745
Interest$2,271--$2,271
All Other Expenses$1,926--$1,926
Payments to Affiliates$1,863--$1,863
Conferences and Meetings$823--$823
Total Functional Expenses$690,684$124,833$0$815,517

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$815,517
Total Expenses per Audited Statements$815,517
Total Expenses per Form 990$815,517
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

Green Isle Community School utilizes an education-based resource to provide education to students in lieu of traditional staff.

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

The board reviews and approves the form 990 prior to filing.

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

All officers, directors and key employees are required to complete an annual conflict of interest questionnaire and are also required to report any potential conflicts to the commissioner of education. members of the board of directors are prohibited from serving as members if they are also an agent of or contractor with a for-profit entity with whom the school contracts, directly or indirectly, for professional services, goods, or facilities. Violations of this prohibition renders a contract voidable at the option of the commissioner of education. Reported conflicts are documented in the meeting minutes.

Form 990, Part VI, Section C, line 19

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

Form 990, Part VII, section (D)

The Organization contracts with an unrelated organization for educators. The amounts listed in Part VII were paid by the Organization to the unrelated organization. The unrelated organization then paid the board members.

Filing and Contact Details

Filer

Filer Name
Green Isle Community School
EIN
03-0551630
Phone
5073267144
Address
190 Mcgrann Street PO box 277, Green Isle, MN 55338

Signing Officer

Name
Sharon Ehrich
Title
Board Chair
Phone
5073267144
Signed
2019-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharon Ehrich
Formed
2004
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Abdo Eick & Meyers LLP
Address
100 Warren St Ste 600, Mankato, MN 56001
Preparer
Thomas J Olinger CPA
Phone
5076252727
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Instructors: Program service expenses 322,302. Management and general expenses 0. Fundraising expenses 0. Total expenses 322,302. Consulting/Technical Support: Program service expenses 70,465. Management and general expenses 0. Fundraising expenses 0. Total expenses 70,465. Administration: Program service expenses 0. Management and general expenses 43,891. Fundraising expenses 0. Total expenses 43,891. District Support Services: Program service expenses 0. Management and general expenses 47,316. Fundraising expenses 0. Total expenses 47,316.

Form 990, Part XII, Line 2C:

The board of directors oversees the audit.

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, 2018, 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.

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IRS990/ReconcilationRevenueExpnssAmt037301
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt033001
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04361
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0-1522
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt032651
IRS990ScheduleD/EquipmentGrp/DepreciationAmt077636
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0110287
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0815517
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05115
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1160137
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Due from Other School Districts
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Due from Other Governments
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0852818
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, 2018, 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:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt032651
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0165252
IRS990ScheduleD/TotalExpensesPerForm990Amt0815517
IRS990ScheduleD/TotalRevenuePerForm990Amt0852818
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0852818
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0815517
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's nondiscriminatory policy is available in the policy handbook and on promotional materials.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The school receives federal funding.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Green Isle Community School utilizes an education-based resource to provide education to students in lieu of traditional staff.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board reviews and approves the form 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All officers, directors and key employees are required to complete an annual conflict of interest questionnaire and are also required to report any potential conflicts to the commissioner of education. members of the board of directors are prohibited from serving as members if they are also an agent of or contractor with a for-profit entity with whom the school contracts, directly or indirectly, for professional services, goods, or facilities. Violations of this prohibition renders a contract voidable at the option of the commissioner of education. Reported conflicts are documented in the meeting minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization contracts with an unrelated organization for educators. The amounts listed in Part VII were paid by the Organization to the unrelated organization. The unrelated organization then paid the board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Instructors: Program service expenses 322,302. Management and general expenses 0. Fundraising expenses 0. Total expenses 322,302. Consulting/Technical Support: Program service expenses 70,465. Management and general expenses 0. Fundraising expenses 0. Total expenses 70,465. Administration: Program service expenses 0. Management and general expenses 43,891. Fundraising expenses 0. Total expenses 43,891. District Support Services: Program service expenses 0. Management and general expenses 47,316. Fundraising expenses 0. Total expenses 47,316.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The board of directors oversees the audit.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VII, section (d)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt019937
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt049325
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0127213
IRS990/TotalAssetsEOYAmt0204708
IRS990/TotalAssetsGrp/BOYAmt0127213
IRS990/TotalAssetsGrp/EOYAmt0204708
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0819782
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0124833
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0690684
IRS990/TotalFunctionalExpensesGrp/TotalAmt0815517
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt084521
IRS990/TotalLiabilitiesEOYAmt0124715
IRS990/TotalLiabilitiesGrp/BOYAmt084521
IRS990/TotalLiabilitiesGrp/EOYAmt0124715
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt042692
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt079993
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0690684
IRS990/TotalProgramServiceRevenueAmt033001
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt035
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt033001
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0852818
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0127213
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0204708
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt091501
IRS990/TravelGrp/TotalAmt091501
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt022755
IRS990/UnrestrictedNetAssetsGrp/EOYAmt030668
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0190 Mcgrann Street PO box 277
IRS990/USAddress/CityNm0Green Isle
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055338
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.greenislecommunityschool.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Sharon Ehrich
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum05073267144
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Green Isle Community School
ReturnHeader/Filer/BusinessNameControlTxt0GREE
ReturnHeader/Filer/EIN0030551630
ReturnHeader/Filer/PhoneNum05073267144
ReturnHeader/Filer/USAddress/AddressLine1Txt0190 Mcgrann Street PO box 277
ReturnHeader/Filer/USAddress/CityNm0Green Isle
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN

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