Civic Intelligence

Clarkfield Area Charter School

990 • Fiscal year 2016 • EIN 11-3802231

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 22, 2016

301 13th StClarkfield, MN 56223

(320) 669-1995

Siviq Scores

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

Liabilities / Assets

91st percentile

0.85x

Higher debt load relative to assets than 91% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

0.77x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

28th percentile

-5.4%

Higher net margin than 28% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

60th percentile

$38,931

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

30th percentile

-3.4%

Faster asset growth than 30% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

35th percentile

-3.5%

Faster revenue growth than 35% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$717,287

Down $25,484 (-3.4%) from 2015

Net Assets

Down

$110,778

Down $52,678 (-32%) from 2015

Liabilities

Up

$606,509

Up $27,194 (+4.7%) from 2015

Revenue

Down

$786,031

Down $28,659 (-3.5%) from 2015

Expenses

Up

$828,740

Up $25,033 (+3.1%) from 2015

Net Income

Down

-$42,709

Down $53,692 (-489%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2011: $628,389Liabilities 2011: $63,275Net Assets 2011: $565,1142011Assets 2012: $674,354Liabilities 2012: $62,949Net Assets 2012: $611,4052012Assets 2013: $721,979Liabilities 2013: $62,413Net Assets 2013: $659,5662013Assets 2014: $685,012Liabilities 2014: $68,180Net Assets 2014: $616,8322014Assets 2015: $742,771Liabilities 2015: $579,315Net Assets 2015: $163,4562015Assets 2016: $717,287Liabilities 2016: $606,509Net Assets 2016: $110,7782016Assets 2017: $1,440,376Liabilities 2017: $1,549,124Net Assets 2017: -$108,7482017Assets 2018: $1,180,855Liabilities 2018: $1,467,366Net Assets 2018: -$286,5112018Assets 2019: $940,410Liabilities 2019: $1,153,145Net Assets 2019: -$212,7352019Assets 2020: $742,954Liabilities 2020: $1,025,748Net Assets 2020: -$282,7942020Assets 2021: $593,926Liabilities 2021: $879,660Net Assets 2021: -$285,7342021Assets 2022: $636,464Liabilities 2022: $861,556Net Assets 2022: -$225,0922022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2016

Assets$717,287
Liabilities$606,509
Net Assets$110,778

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $782,236Expenses 2011: $710,545Net Income 2011: $71,6912011Revenue 2012: $775,864Expenses 2012: $729,573Net Income 2012: $46,2912012Revenue 2013: $822,938Expenses 2013: $774,777Net Income 2013: $48,1612013Revenue 2014: $753,185Expenses 2014: $795,919Net Income 2014: -$42,7342014Revenue 2015: $814,690Expenses 2015: $803,707Net Income 2015: $10,9832015Revenue 2016: $786,031Expenses 2016: $828,740Net Income 2016: -$42,7092016Revenue 2017: $746,728Expenses 2017: $966,254Net Income 2017: -$219,5262017Revenue 2018: $747,491Expenses 2018: $925,254Net Income 2018: -$177,7632018Revenue 2019: $878,116Expenses 2019: $804,340Net Income 2019: $73,7762019Revenue 2020: $702,136Expenses 2020: $772,195Net Income 2020: -$70,0592020Revenue 2021: $740,353Expenses 2021: $743,293Net Income 2021: -$2,9402021Revenue 2022: $700,502Expenses 2022: $639,399Net Income 2022: $61,1032022Revenue 2023: $587,829Expenses 2023: $362,737Net Income 2023: $225,0922023

Highlighted filing

2016

Revenue$786,031
Expenses$828,740
Net Income-$42,709
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 22, 2016
Return Version
2015v2.1
Gross Receipts
$791,242
Mission and Program Overview

Mission

EDUCATION OF K-6 YOUTH

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$514,127$377,421▼ $136,706
Land, Buildings, and Equipment, Net$75,492$173,833▲ $98,341
Pledges and Grants Receivable$69,213$72,886▲ $3,673
Prepaid Expenses and Deferred Charges$18,506$7,812▼ $10,694
Accounts Receivable-$3,414-
Inventories for Sale or Use$642$803▲ $161
Total Assets$742,771$717,287▼ $25,484
Other Assets Total$64,791$81,118▲ $16,327
Liabilities
Other Liabilities$536,977$554,065▲ $17,088
Accounts Payable and Accrued Expenses$42,338$52,444▲ $10,106
Total Liabilities$579,315$606,509▲ $27,194
Net Assets / Fund Balance
Temporarily Rstr Net Assets$76,827$175,272▲ $98,445
Unrestricted Net Assets$86,629$-64,494▼ $151,123
Total Net Assets Fund Balance$163,456$110,778▼ $52,678
Total Liabilities and Net Assets / Fund Balance$742,771$717,287▼ $25,484

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$118,228$146,321$264,549
Leasehold Improvements$55,605$3,398$59,003
Other Assets Org$81,118--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Nicole LinscheidTreasurer/te$38,931$38,931

Board Members and Trustees

NameTitle
Stephanie BrockChairperson
Eric JahnVice Chairpe
Doug ClevengerClerk
Katie ZuraffSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$741,893
Program Service Revenue
$49,078
Investment Income
$-4,940
Other Revenue
$0
All Other Contributions
$25,854
Change in Net Assets
$-42,709

Audited Revenue Reconciliation

Revenue per Audited Statements
$786,031
Revenue Not Reported on Form 990
$5,211
Total Revenue per Audited Statements
$791,242
Total Revenue per Form 990
$786,031
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$513,866
Other Expenses$314,874
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$345,490$65,796-$411,286
Occupancy$109,480$3,550-$113,030
Current Officers, Directors, Trustees, and Key Employees$38,931--$38,931
Payroll Taxes$29,288$4,866-$34,154
Pension Plan Contributions$21,276$3,696-$24,972
Other Expenses$35$15,397-$15,432
Depreciation Depletion$15,285$12-$15,297
Insurance$11,147--$11,147
Fees for Services Management$10,356--$10,356
Fees for Services Accounting-$10,125-$10,125
All Other Expenses$7,312--$7,312
Travel$4,131$676-$4,807
Other Employee Benefits$3,709$814-$4,523
Office Expenses-$962-$962
Total Functional Expenses$707,191$121,549$0$828,740

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$833,951
Expenses per Audited Statements$828,740
Total Expenses per Form 990$828,740
Expenses Not Reported on Form 990$5,211
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
Pension Liability$429,500
Deferred Inflows of Resources$100,638
Payroll Liability$23,927
Unearned Revenue-
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
Yes
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The school's tax return was presented to the board of education for explanation and review. Upon completion of the explanation and review the board chairmen signed the return for submission.

Form 990, Page 6, Part VI, Line 12C

Board members with a conflict of interest annually fill out the school's conflict of interest form.

Form 990, Page 6, Part VI, Line 15A

The director's salary was determined by the school board's finance committee based upon review of the director's responsibilities.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Clarkfield Area Charter School
EIN
11-3802231
Phone
3206691995
Address
301 13TH ST, CLARKFIELD, MN 56223

Signing Officer

Name
Stephanie Brock
Title
Chairperson
Phone
3206691995
Signed
2016-11-22

Organization Details

Principal Officer
Stephanie Brock
Formed
2007
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
4
Employees
32
Volunteers
4

Preparer

Firm
Hoffman & Brobst Pllp
Address
PO BOX 548, MARSHALL, MN 56258
Preparer
Barry Evenstad CPA
Phone
5075325735
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Loss on disposal of assets 5,211 loss on disposal of assets -5,211

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Loss on disposal of assets 5,211

Schedule D, Page 4, Part XII, Line 2D

Loss on disposal of assets 5,211

Raw XML Appendix387 raw XML fields

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

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LOSS ON DISPOSAL OF ASSETS 5,211
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON DISPOSAL OF ASSETS 5,211
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0173833
IRS990ScheduleD/TotalBookValueOtherAssetsAmt081118
IRS990ScheduleD/TotalExpensesPerForm990Amt0828740
IRS990ScheduleD/TotalLiabilityAmt0554065
IRS990ScheduleD/TotalRevenuePerForm990Amt0786031
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0791242
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0833951
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0false
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS COMMUNICATED IN THE STUDENT APPLICATION FORM WHICH IS PUBLICIZED ON THE SCHOOL'S WEB PAGE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL DOES NOT SOLICIT CONTRIBUTIONS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2AS A CHARTER SCHOOL, THE ORGANIZATION RECEIVES FEDERAL AND STATE AID
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S TAX RETURN WAS PRESENTED TO THE BOARD OF EDUCATION FOR EXPLANATION AND REVIEW. UPON COMPLETION OF THE EXPLANATION AND REVIEW THE BOARD CHAIRMEN SIGNED THE RETURN FOR SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS WITH A CONFLICT OF INTEREST ANNUALLY FILL OUT THE SCHOOL'S CONFLICT OF INTEREST FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DIRECTOR'S SALARY WAS DETERMINED BY THE SCHOOL BOARD'S FINANCE COMMITTEE BASED UPON REVIEW OF THE DIRECTOR'S RESPONSIBILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LOSS ON DISPOSAL OF ASSETS 5,211 LOSS ON DISPOSAL OF ASSETS -5,211
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt076827
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0175272
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0742771
IRS990/TotalAssetsEOYAmt0717287
IRS990/TotalAssetsGrp/BOYAmt0742771
IRS990/TotalAssetsGrp/EOYAmt0717287
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0741893
IRS990/TotalEmployeeCnt032
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0121549
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0707191
IRS990/TotalFunctionalExpensesGrp/TotalAmt0828740
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0579315
IRS990/TotalLiabilitiesEOYAmt0606509
IRS990/TotalLiabilitiesGrp/BOYAmt0579315
IRS990/TotalLiabilitiesGrp/EOYAmt0606509
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0163456
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0110778
IRS990/TotalProgramServiceExpensesAmt0707191
IRS990/TotalProgramServiceRevenueAmt049078
IRS990/TotalReportableCompFromOrgAmt038931
IRS990/TotalRevenueGrp/ExclusionAmt0271
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt043867
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0786031
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0742771
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0717287
IRS990/TravelGrp/ManagementAndGeneralAmt0676
IRS990/TravelGrp/ProgramServicesAmt04131
IRS990/TravelGrp/TotalAmt04807
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt086629
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-64494
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.CLARKFIELDAREACHARTER.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHANIE BROCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum03206691995
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CLARKFIELD AREA CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0CLAR
ReturnHeader/Filer/EIN0113802231
ReturnHeader/Filer/PhoneNum03206691995
ReturnHeader/Filer/USAddress/AddressLine1Txt0301 13TH ST
ReturnHeader/Filer/USAddress/CityNm0CLARKFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056223
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410978542
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOFFMAN & BROBST PLLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 548
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MARSHALL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056258
ReturnHeader/PreparerPersonGrp/PhoneNum05075325735
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BARRY EVENSTAD CPA
ReturnHeader/ReturnTs02016-11-22T10:37:30-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.59$0.36$0.23
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.64$0.86$0.23$0.70$0.64$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.88$0.29$0.74$0.74$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$1.03$0.28$0.70$0.77$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$1.15$0.21$0.88$0.80$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$1.47$0.29$0.75$0.93$0.18
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$1.55$0.11$0.75$0.97$0.22
2016Detailed filing. Detailed filing data is available for this year.$0.72$0.61$0.11$0.79$0.83$0.04
2015Summary only. Only limited summary data is available for this year.$0.74$0.58$0.16$0.81$0.80$0.01
2014Summary only. Only limited summary data is available for this year.$0.69$0.07$0.62$0.75$0.80$0.04
2013Summary only. Only limited summary data is available for this year.$0.72$0.06$0.66$0.82$0.77$0.05
2012Summary only. Only limited summary data is available for this year.$0.67$0.06$0.61$0.78$0.73$0.05
2011Summary only. Only limited summary data is available for this year.$0.63$0.06$0.57$0.78$0.71$0.07