Civic Intelligence

Glacial Hills Elementary School

990 • Fiscal year 2016 • EIN 06-1780131

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 08, 2017

610 W 6th Street PO Box 189Starbuck, MN 56381

(320) 239-3840

Siviq Scores

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

Liabilities / Assets

89th percentile

0.88x

Higher debt load relative to assets than 89% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

81st percentile

0.68x

Higher debt load relative to revenue than 81% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

64th percentile

7.6%

Higher net margin than 64% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

53rd percentile

$69,406

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

82nd percentile

20%

Faster asset growth than 82% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

32nd percentile

-4.4%

Faster revenue growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$1,130,131

Up $187,488 (+20%) from 2015

Net Assets

Up

$138,939

Up $110,865 (+395%) from 2015

Liabilities

Up

$991,192

Up $76,623 (+8.4%) from 2015

Revenue

Down

$1,466,386

Down $67,774 (-4.4%) from 2015

Expenses

Up

$1,355,521

Up $62,114 (+4.8%) from 2015

Net Income

Down

$110,865

Down $129,888 (-54%) from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $418,180Liabilities 2010: $207,319Net Assets 2010: $210,8612010Assets 2011: $331,806Liabilities 2011: $147,334Net Assets 2011: $184,4722011Assets 2012: $476,520Liabilities 2012: $240,531Net Assets 2012: $235,9892012Assets 2013: $341,039Liabilities 2013: $94,361Net Assets 2013: $246,6782013Assets 2014: $442,574Liabilities 2014: $106,033Net Assets 2014: $336,5412014Assets 2015: $942,643Liabilities 2015: $914,569Net Assets 2015: $28,0742015Assets 2016: $1,130,131Liabilities 2016: $991,192Net Assets 2016: $138,9392016Assets 2017: $2,769,693Liabilities 2017: $2,979,466Net Assets 2017: -$209,7732017Assets 2018: $2,254,266Liabilities 2018: $3,011,200Net Assets 2018: -$756,9342018Assets 2019: $1,858,280Liabilities 2019: $2,314,766Net Assets 2019: -$456,4862019Assets 2020: $1,575,713Liabilities 2020: $2,251,876Net Assets 2020: -$676,1632020Assets 2021: $1,233,437Liabilities 2021: $1,999,797Net Assets 2021: -$766,3602021Assets 2022: $1,026,746Liabilities 2022: $1,836,929Net Assets 2022: -$810,1832022Assets 2023: $937,779Liabilities 2023: $1,506,818Net Assets 2023: -$569,0392023Assets 2024: $996,395Liabilities 2024: $1,336,389Net Assets 2024: -$339,9942024Assets 2025: $1,221,462Liabilities 2025: $1,365,944Net Assets 2025: -$144,4822025

Highlighted filing

2016

Assets$1,130,131
Liabilities$991,192
Net Assets$138,939

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,066,9962010Expenses 2011: $998,2032011Expenses 2012: $986,4592012Revenue 2013: $1,117,949Expenses 2013: $1,107,260Net Income 2013: $10,6892013Revenue 2014: $1,308,242Expenses 2014: $1,218,378Net Income 2014: $89,8642014Revenue 2015: $1,534,160Expenses 2015: $1,293,407Net Income 2015: $240,7532015Revenue 2016: $1,466,386Expenses 2016: $1,355,521Net Income 2016: $110,8652016Revenue 2017: $1,463,145Expenses 2017: $1,811,857Net Income 2017: -$348,7122017Revenue 2018: $1,281,491Expenses 2018: $1,406,299Net Income 2018: -$124,8082018Revenue 2019: $1,507,686Expenses 2019: $1,479,377Net Income 2019: $28,3092019Revenue 2020: $1,429,456Expenses 2020: $1,521,081Net Income 2020: -$91,6252020Revenue 2021: $1,373,341Expenses 2021: $1,360,024Net Income 2021: $13,3172021Revenue 2022: $1,469,874Expenses 2022: $1,599,281Net Income 2022: -$129,4072022Revenue 2023: $1,710,675Expenses 2023: $1,708,816Net Income 2023: $1,8592023Revenue 2024: $2,034,254Expenses 2024: $1,911,690Net Income 2024: $122,5642024Revenue 2025: $2,388,407Expenses 2025: $2,233,757Net Income 2025: $154,6502025

Highlighted filing

2016

Revenue$1,466,386
Expenses$1,355,521
Net Income$110,865
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 8, 2017
Return Version
2015v3.0
Gross Receipts
$1,487,265
Mission and Program Overview

Mission

To teach rural, k-6 students an appreciation of local and global environments, and encourage academic excellence leading to productive, responsible and caring citizens. The primary focus of our education other than the core curriculum, is environmental education.

Public education of elementary students in grades kindergarten through 6th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$418,432$578,701▲ $160,269
Accounts Receivable$188,494$178,352▼ $10,142
Cap Stk Tr Prin Current Funds$-28,864$82,942▲ $111,806
Land, Buildings, and Equipment, Net$56,938$55,997▼ $941
Pd in Cap Srpls Land Bldg Eqp Fund$56,938$55,997▼ $941
Prepaid Expenses and Deferred Charges$7,925$9,100▲ $1,175
Inventories for Sale or Use$1,058$2,467▲ $1,409
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$942,643$1,130,131▲ $187,488
Other Assets Total$269,796$305,514▲ $35,718
Liabilities
Other Liabilities$809,635$894,202▲ $84,567
Accounts Payable and Accrued Expenses$104,934$96,990▼ $7,944
Total Liabilities$914,569$991,192▲ $76,623
Net Assets / Fund Balance
Total Net Assets Fund Balance$28,074$138,939▲ $110,865
Total Liabilities and Net Assets / Fund Balance$942,643$1,130,131▲ $187,488

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$28,772$35,371$64,143
Leasehold Improvements$27,225$13,109$40,334
Other Assets Org$305,514--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Deb MathiasExecutive DirectorFT$57,282$12,124$69,406
Mary Giese Term 32916DirectorFT$34,907-$34,907
Mike SwansonDirectorFT$30,190$2,415$32,605
Shari OpdahlDirector-$28,914$2,313$31,227
Megan GalarneauFinancial ControllerFT$12,318$985$13,303

Board Members and Trustees

NameTitle
Anja CarlsonChairperson
Amber GreenDirector
Chad Koziol Term 32916Director
Marla WatsonDirector
Nathan MetzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,424,290
Program Service Revenue
$26,771
Investment Income
$0
Other Revenue
$15,325
All Other Contributions
$15,963
Change in Net Assets
$110,865

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,466,386
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$20,879
Total Revenue per Audited Statements
$1,487,265
Total Revenue per Form 990
$1,466,386
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$954,919
Other Expenses$400,602
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$500,630$46,601-$547,231
Occupancy$162,948--$162,948
Current Officers, Directors, Trustees, and Key Employees$77,135$69,406-$146,541
Office Expenses$100,040$15,573-$115,613
Pension Plan Contributions$106,647$4,826-$111,473
Comp Disqual Persons$68,889--$68,889
Payroll Taxes$47,544$7,536-$55,080
Fees for Services Accounting-$26,536-$26,536
Other Employee Benefits$21,840$3,865-$25,705
Fees for Services Other$19,527$5,506-$25,033
Information Technology$19,602--$19,602
Travel$7,546$730-$8,276
Depreciation Depletion$7,202$200-$7,402
Insurance-$5,800-$5,800
Conferences and Meetings$2,393--$2,393
Other Expenses$562$12,955-$562
Total Functional Expenses$1,155,987$199,534$0$1,355,521

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,355,521
Total Expenses per Audited Statements$1,326,610
Expenses per Audited Statements$1,299,270
Expenses Not Reported on Financial Statements$56,251
Other Expense Adjustments$56,251
Expenses Not Reported on Form 990$27,340
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,117
Fundraising Direct Expenses$20,879
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraiser$32,117$32,117$20,879$11,238
Total Events$32,117$32,117$20,879$11,238
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$823,397
Pension Related Deferred Inflows$70,805
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

Revised and approved the bylaws as of june 27, 2016. Revisions included updating the eligibility requirements of the voting membership and adding the board office and duties of the office of treasurer.

Form 990, Part VI, Section A, Line 6

Staff members employed at the school, including teachers providing instruction under a contract with a cooperative, members of the board of directors, and all parents or legal guardians of children enrolled in the school are the voters eligible to elect the members of the shool's board of directors.

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

The school's board of directors is elected by the school's voting membership at the annual meeting. The board of directors must be composed of at least five nonrelated members and include: (i) at least one licensed teacher employed at the school or a licensed teacher providing instruction under a contact between the school and a cooperative; (ii) the parent or legal guardian of a student enrolled in the school; and (iii) an interested community member who is not employed by the school and does not have a child enrolled in the school.

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

The board of directors may make recommendations to the voting membership to eliminate one of the three designated member categories; but the decision to eliminate a category shall be business of the voting membership. The board of directors may change the school's governance model only: (1) by a majority vote of the board of directors and the licensed teachers employed by the school, including licensed teachers providing instruction under a contract between the school and a cooperative; and (2) with the authorizer's approval. A majority vote of the voting membership is needed to adopt, amend, or repeal the school's bylaws.

Form 990, Part VI, Section A, Line 8B

There are no other committees that make decisions on behalf of the school board.

Form 990, Part VI, Section B, Line 11

All members of the board of directors have been provided with form 990 prior to filing. The form 990 is prepared by an independent accounting firm using information provided by the school's business office. Once completed, the form 990 is reviewed in detail by management and a copy is provided to the full board prior to filing with the irs.

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

Board members are prohibited from serving as a member of the board if they serve as an employee or agent of or a contractor with any for-profit entity with whom the school contracts, directly or indirectly, for professional services, goods or facilities as required in law in minnesota statutes, section 317 a.2ss. Each director must complete a conflict-of-interest statement for review by the school and placed into board public record at the beginning first meeting of the board when seated and shall annually complete such a statement on the anniversary of the election or on such an annual date that the board may select. The interested director may be present at the board meeting to answer questions, but may not advocate for the action to be taken and shall leave the room while a vote is taken for the non-interested members to determine if a conflict exists. The minutes of all actions take on such matters shall be consistent with minnesota statute 1240.10.

Form 990, Part VI, Section C, Line 19

The school makes its governing documents, conflict of interest policy and financial statements available to the public in the school's office.

Filing and Contact Details

Filer

Filer Name
Glacial Hills Elementary School
EIN
06-1780131
Phone
3202393840
Address
610 W 6TH STREET PO BOX 189, STARBUCK, MN 56381

Signing Officer

Name
Deb Mathias
Title
Director
Phone
3202393840
Signed
2017-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deb Mathias
Formed
2006
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
4
Employees
46
Volunteers
5

Preparer

Firm
Cliftonlarsonallen Llp
Address
510 22ND AVE EAST - SUITE 501, ALEXANDRIA, MN 56308
Preparer
Luke Propst
Phone
3207595100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1, EXPLANATION FOR METHOD OF ACCOUNTING:

The school follows a modified accrual method of accounting as prescribed by the minnesota department of education. The school-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Grants and similar items are recognized when all eligibility requirements imposed by the provider have been met.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses 20,879.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Capitalized expenditures 6,461. Special event expenses 20,879.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Depreciation expense 7,402. Pension expenditures 48,849.

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IRS990/InventoriesForSaleOrUseGrp/EOYAmt02467
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt048480
IRS990/LandBldgEquipBasisNetGrp/BOYAmt056938
IRS990/LandBldgEquipBasisNetGrp/EOYAmt055997
IRS990/LandBldgEquipCostOrOtherBssAmt0104477
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO TEACH RURAL, K-6 STUDENTS AN APPRECIATION OF LOCAL AND GLOBAL ENVIRONMENTS, AND ENCOURAGE ACADEMIC EXCELLENCE LEADING TO PRODUCTIVE, RESPONSIBLE AND CARING CITIZENS. OUR FACILITATOR IS THE AUDUBON SOCIETY OF THE NORTH WOODS. THE PRIMARY FOCUS OF OUR EDUCATION OTHER THAN THE CORE CURRICULUM, IS ENVIRONMENTAL EDUCATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt028074
IRS990/NetAssetsOrFundBalancesEOYAmt0138939
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt011238
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt011238
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0162948
IRS990/OccupancyGrp/TotalAmt0162948
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015573
IRS990/OfficeExpensesGrp/ProgramServicesAmt0100040
IRS990/OfficeExpensesGrp/TotalAmt0115613
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0269796
IRS990/OtherAssetsTotalGrp/EOYAmt0305514
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03865
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt021840
IRS990/OtherEmployeeBenefitsGrp/TotalAmt025705
IRS990/OtherExpensesGrp/Desc0DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1MISC EXPENSES
IRS990/OtherExpensesGrp/Desc2CAPITAL OUTLAYS
IRS990/OtherExpensesGrp/Desc3YEARBOOK EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012955
IRS990/OtherExpensesGrp/ProgramServicesAmt07074
IRS990/OtherExpensesGrp/ProgramServicesAmt16408
IRS990/OtherExpensesGrp/ProgramServicesAmt2562
IRS990/OtherExpensesGrp/TotalAmt012955
IRS990/OtherExpensesGrp/TotalAmt17074
IRS990/OtherExpensesGrp/TotalAmt26408
IRS990/OtherExpensesGrp/TotalAmt3562
IRS990/OtherLiabilitiesGrp/BOYAmt0809635
IRS990/OtherLiabilitiesGrp/EOYAmt0894202
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt04087
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04087
IRS990/OtherRevenueTotalAmt04087
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt046601
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0500630
IRS990/OtherSalariesAndWagesGrp/TotalAmt0547231
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07536
IRS990/PayrollTaxesGrp/ProgramServicesAmt047544
IRS990/PayrollTaxesGrp/TotalAmt055080
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt056938
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt055997
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04826
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0106647
IRS990/PensionPlanContributionsGrp/TotalAmt0111473
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07925
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09100
IRS990/PrincipalOfficerNm0DEB MATHIAS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/ExclusionAmt026771
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt026771
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01487203
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0391827
IRS990/PYOtherRevenueAmt021979
IRS990/PYProgramServiceRevenueAmt024978
IRS990/PYRevenuesLessExpensesAmt0240753
IRS990/PYSalariesCompEmpBnftPaidAmt0901580
IRS990/PYTotalExpensesAmt01293407
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01534160
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0110865
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt026771
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt028772
IRS990ScheduleD/EquipmentGrp/DepreciationAmt035371
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt064143
IRS990ScheduleD/ExpensesNotReportedAmt027340
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt056251
IRS990ScheduleD/ExpensesSubtotalAmt01299270
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt027225
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt013109
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt040334
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0305514
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PENSION RELATED DEFERRED OUTFLOWS
IRS990ScheduleD/OtherExpensesIncludedAmt027340
IRS990ScheduleD/OtherExpensesNotIncludedAmt056251
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0823397
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt170805
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION RELATED DEFERRED INFLOWS
IRS990ScheduleD/OtherRevenueAmt020879
IRS990ScheduleD/RevenueNotReportedAmt020879
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01466386
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SPECIAL EVENT EXPENSES 20,879.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CAPITALIZED EXPENDITURES 6,461. SPECIAL EVENT EXPENSES 20,879.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DEPRECIATION EXPENSE 7,402. PENSION EXPENDITURES 48,849.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt055997
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0305514
IRS990ScheduleD/TotalExpensesPerForm990Amt01355521
IRS990ScheduleD/TotalLiabilityAmt0894202
IRS990ScheduleD/TotalRevenuePerForm990Amt01466386
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01487265
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01326610
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 POLICIES ARE INCLUDED IN ANY PRINTED MATERIAL FROM THE SCHOOL INCLUDING ENROLLMENT FORMS, JOB APPLICATIONS, BROCHURES AND PAMPHLETS DISSEMINATED BY THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVED FEDERAL AND STATE FUNDING.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt020879
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt032117
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt032117
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt032117
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt032117
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt011238
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt020879
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt020879
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVISED AND APPROVED THE BYLAWS AS OF JUNE 27, 2016. REVISIONS INCLUDED UPDATING THE ELIGIBILITY REQUIREMENTS OF THE VOTING MEMBERSHIP AND ADDING THE BOARD OFFICE AND DUTIES OF THE OFFICE OF TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1STAFF MEMBERS EMPLOYED AT THE SCHOOL, INCLUDING TEACHERS PROVIDING INSTRUCTION UNDER A CONTRACT WITH A COOPERATIVE, MEMBERS OF THE BOARD OF DIRECTORS, AND ALL PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL ARE THE VOTERS ELIGIBLE TO ELECT THE MEMBERS OF THE SHOOL'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL'S BOARD OF DIRECTORS IS ELECTED BY THE SCHOOL'S VOTING MEMBERSHIP AT THE ANNUAL MEETING. THE BOARD OF DIRECTORS MUST BE COMPOSED OF AT LEAST FIVE NONRELATED MEMBERS AND INCLUDE: (I) AT LEAST ONE LICENSED TEACHER EMPLOYED AT THE SCHOOL OR A LICENSED TEACHER PROVIDING INSTRUCTION UNDER A CONTACT BETWEEN THE SCHOOL AND A COOPERATIVE; (II) THE PARENT OR LEGAL GUARDIAN OF A STUDENT ENROLLED IN THE SCHOOL; AND (III) AN INTERESTED COMMUNITY MEMBER WHO IS NOT EMPLOYED BY THE SCHOOL AND DOES NOT HAVE A CHILD ENROLLED IN THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS MAY MAKE RECOMMENDATIONS TO THE VOTING MEMBERSHIP TO ELIMINATE ONE OF THE THREE DESIGNATED MEMBER CATEGORIES; BUT THE DECISION TO ELIMINATE A CATEGORY SHALL BE BUSINESS OF THE VOTING MEMBERSHIP. THE BOARD OF DIRECTORS MAY CHANGE THE SCHOOL'S GOVERNANCE MODEL ONLY: (1) BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS AND THE LICENSED TEACHERS EMPLOYED BY THE SCHOOL, INCLUDING LICENSED TEACHERS PROVIDING INSTRUCTION UNDER A CONTRACT BETWEEN THE SCHOOL AND A COOPERATIVE; AND (2) WITH THE AUTHORIZER'S APPROVAL. A MAJORITY VOTE OF THE VOTING MEMBERSHIP IS NEEDED TO ADOPT, AMEND, OR REPEAL THE SCHOOL'S BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE ARE NO OTHER COMMITTEES THAT MAKE DECISIONS ON BEHALF OF THE SCHOOL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL MEMBERS OF THE BOARD OF DIRECTORS HAVE BEEN PROVIDED WITH FORM 990 PRIOR TO FILING. THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM USING INFORMATION PROVIDED BY THE SCHOOL'S BUSINESS OFFICE. ONCE COMPLETED, THE FORM 990 IS REVIEWED IN DETAIL BY MANAGEMENT AND A COPY IS PROVIDED TO THE FULL BOARD PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOARD MEMBERS ARE PROHIBITED FROM SERVING AS A MEMBER OF THE BOARD IF THEY SERVE AS AN EMPLOYEE OR AGENT OF OR A CONTRACTOR WITH ANY FOR-PROFIT ENTITY WITH WHOM THE SCHOOL CONTRACTS, DIRECTLY OR INDIRECTLY, FOR PROFESSIONAL SERVICES, GOODS OR FACILITIES AS REQUIRED IN LAW IN MINNESOTA STATUTES, SECTION 317 A.2SS. EACH DIRECTOR MUST COMPLETE A CONFLICT-OF-INTEREST STATEMENT FOR REVIEW BY THE SCHOOL AND PLACED INTO BOARD PUBLIC RECORD AT THE BEGINNING FIRST MEETING OF THE BOARD WHEN SEATED AND SHALL ANNUALLY COMPLETE SUCH A STATEMENT ON THE ANNIVERSARY OF THE ELECTION OR ON SUCH AN ANNUAL DATE THAT THE BOARD MAY SELECT. THE INTERESTED DIRECTOR MAY BE PRESENT AT THE BOARD MEETING TO ANSWER QUESTIONS, BUT MAY NOT ADVOCATE FOR THE ACTION TO BE TAKEN AND SHALL LEAVE THE ROOM WHILE A VOTE IS TAKEN FOR THE NON-INTERESTED MEMBERS TO DETERMINE IF A CONFLICT EXISTS. THE MINUTES OF ALL ACTIONS TAKE ON SUCH MATTERS SHALL BE CONSISTENT WITH MINNESOTA STATUTE 1240.10.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IN THE SCHOOL'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE SCHOOL FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
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 A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 1, EXPLANATION FOR METHOD OF ACCOUNTING:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0942643
IRS990/TotalAssetsEOYAmt01130131
IRS990/TotalAssetsGrp/BOYAmt0942643
IRS990/TotalAssetsGrp/EOYAmt01130131
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01424290
IRS990/TotalEmployeeCnt046
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0199534
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01155987
IRS990/TotalFunctionalExpensesGrp/TotalAmt01355521

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.22$1.37$0.14$2.39$2.23$0.15
2024Detailed filing. Detailed filing data is available for this year.$1.00$1.34$0.34$2.03$1.91$0.12
2023Detailed filing. Detailed filing data is available for this year.$0.94$1.51$0.57$1.71$1.71$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.03$1.84$0.81$1.47$1.60$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$2.00$0.77$1.37$1.36$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.58$2.25$0.68$1.43$1.52$0.09
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$2.31$0.46$1.51$1.48$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.25$3.01$0.76$1.28$1.41$0.12
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.77$2.98$0.21$1.46$1.81$0.35
2016Detailed filing. Detailed filing data is available for this year.$1.13$0.99$0.14$1.47$1.36$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.94$0.91$0.03$1.53$1.29$0.24
2014Detailed filing. Detailed filing data is available for this year.$0.44$0.11$0.34$1.31$1.22$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.09$0.25$1.12$1.11$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.24$0.24$0.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.15$0.18$1.00
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.21$0.21$1.07