Civic Intelligence

Spero Academy

990 • Fiscal year 2010 • EIN 20-0309518

Jul 01, 2009 to Jun 30, 2010 • Filed on Mar 08, 2011

Organization Profilewww.spero.academy

View Organization Page

1534 Sixth Street NE55413-1319
Siviq Scores

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

Liabilities / Assets

83rd percentile

0.72x

Higher debt load relative to assets than 83% of similar nonprofits.

2010 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets83rd percentile

Assets

$803,456

No earlier filing loaded for comparison.

Net Assets

$222,137

No earlier filing loaded for comparison.

Liabilities

$581,319

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$2,387,446

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$10M$5.0M$0-$5.0MAssets 2010: $803,456Liabilities 2010: $581,319Net Assets 2010: $222,1372010Assets 2011: $796,979Liabilities 2011: $541,099Net Assets 2011: $255,8802011Assets 2012: $606,033Liabilities 2012: $331,941Net Assets 2012: $274,0922012Assets 2013: $550,531Liabilities 2013: $175,161Net Assets 2013: $375,3702013Assets 2014: $669,346Liabilities 2014: $161,985Net Assets 2014: $507,3612014Assets 2015: $876,797Liabilities 2015: $1,611,322Net Assets 2015: -$734,5252015Assets 2016: $953,257Liabilities 2016: $1,485,487Net Assets 2016: -$532,2302016Assets 2017: $1,169,219Liabilities 2017: $2,252,068Net Assets 2017: -$1,082,8492017Assets 2018: $5,296,129Liabilities 2018: $7,323,467Net Assets 2018: -$2,027,3382018Assets 2019: $5,782,800Liabilities 2019: $6,791,332Net Assets 2019: -$1,008,5322019Assets 2020: $5,115,826Liabilities 2020: $6,610,305Net Assets 2020: -$1,494,4792020Assets 2021: $4,864,005Liabilities 2021: $6,867,150Net Assets 2021: -$2,003,1452021Assets 2022: $4,601,682Liabilities 2022: $6,797,364Net Assets 2022: -$2,195,6822022Assets 2023: $4,811,098Liabilities 2023: $6,760,211Net Assets 2023: -$1,949,1132023Assets 2024: $4,853,952Liabilities 2024: $9,334,716Net Assets 2024: -$4,480,7642024

Highlighted filing

2010

Assets$803,456
Liabilities$581,319
Net Assets$222,137
Open 2010 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $2,387,4462010Expenses 2011: $2,612,7272011Expenses 2012: $2,799,6652012Revenue 2013: $3,199,849Expenses 2013: $3,098,571Net Income 2013: $101,2782013Revenue 2014: $3,180,192Expenses 2014: $3,048,201Net Income 2014: $131,9912014Revenue 2015: $3,569,513Expenses 2015: $3,426,707Net Income 2015: $142,8062015Revenue 2016: $3,976,041Expenses 2016: $3,773,746Net Income 2016: $202,2952016Revenue 2017: $4,497,441Expenses 2017: $5,048,060Net Income 2017: -$550,6192017Revenue 2018: $5,209,076Expenses 2018: $6,153,565Net Income 2018: -$944,4892018Revenue 2019: $7,800,133Expenses 2019: $7,353,845Net Income 2019: $446,2882019Revenue 2020: $8,597,817Expenses 2020: $8,471,331Net Income 2020: $126,4862020Revenue 2021: $8,619,763Expenses 2021: $8,433,047Net Income 2021: $186,7162021Revenue 2022: $9,958,889Expenses 2022: $9,882,062Net Income 2022: $76,8272022Revenue 2023: $16,018,761Expenses 2023: $15,808,305Net Income 2023: $210,4562023Revenue 2024: $18,858,189Expenses 2024: $18,818,562Net Income 2024: $39,6272024

Highlighted filing

2010

Revenue-
Expenses$2,387,446
Net Income-
Open 2010 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2009 to Jun 30, 2010
Signed
Mar 8, 2011
Return Version
2009v1.7
Gross Receipts
$2,361,306
Mission and Program Overview

Mission

To provide students with a personalized and adaptive education to grow academically, emotionally, and socially.

Filing and Contact Details

Filer

EIN
20-0309518
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IRS990ScheduleO/GeneralExplanation/Explanation0The Fraser Academy Finance Committee reviews the Form 990, while in preparation, and then presents the fully-prepared Form 990 to the Board of Directors for review and approval, prior to submission.
IRS990ScheduleO/GeneralExplanation/Explanation1The members of the Board of Directors receive an orientation and review of the conflict of interest policy at the annual meeting of the board. Following the information review, each member completes and signs a conflict of interest disclosure that is current for the year. The Governance Committee reminds board members of their disclosure responsibilities at several times thoughtout the school year at board meetings.
IRS990ScheduleO/GeneralExplanation/Explanation2The Fraser Academy Personnel Committee reviews the MACS Annual Report of Charter School Salaries and Benefits for comparability; the Chair of the Personnel Committee solicits performance review data from officers of the Board and summarizes the responses for a meeting and discussion with the Director. Compensation is recommended to the full Board of Directors by the Chair of the Board and based on the results of the compensation and performance reviews. The full board takes action on the contract prior to execution.
IRS990ScheduleO/GeneralExplanation/Explanation3The policies and finacial statements of Fraser Academy are posted on its website. The policies and financial statements are available in the school office for review of hard copy.
IRS990ScheduleO/GeneralExplanation/Explanation4PER MN STATUTE 124D.10, CHARTER SCHOOLS ARE REQUIRED TO HAVE LICENSED TEACHERS AS MEMBERS OF THE BOARD OF DIRECTORS. ANN BAKEMAN IS A BOARD MEMBER, BUT RECEIVES COMPENSATION FOR HER SERVICES AS A TEACHER.
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IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/Identifier4FORM 990, PART VII, SECTION A
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IRS990/TotalCompGT150K00
IRS990/TotalContributions02323174
IRS990/TotalExpensesCurrentYear02387446
IRS990/TotalExpensesPriorYear02351920
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral0251350
IRS990/TotalFunctionalExpenses/ProgramServices02136096
IRS990/TotalFunctionalExpenses/Total02387446
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalJointCosts/Fundraising00
IRS990/TotalJointCosts/ManagementAndGeneral0200
IRS990/TotalJointCosts/ProgramServices0200
IRS990/TotalJointCosts/Total0400
IRS990/TotalLiabilities/BOY0187328
IRS990/TotalLiabilitiesBOY0187328
IRS990/TotalLiabilities/EOY0581319
IRS990/TotalLiabilitiesEOY0581319
IRS990/TotalLiabNetAssetsFundBalances/BOY0435605
IRS990/TotalLiabNetAssetsFundBalances/EOY0803456
IRS990/TotalNbrEmployees059
IRS990/TotalNbrVolunteers035
IRS990/TotalNetAssetsFundBalances/BOY0248277
IRS990/TotalNetAssetsFundBalances/EOY0222137
IRS990/TotalOtherCompensation010763
IRS990/TotalOtherRevenue033332
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProgramServiceExpense02136096
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg0110692
IRS990/TotalRevenueCurrentYear02361306

Document Assets

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Filings

Displayed year

2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$803,456
Liabilities
$581,319
Net assets
$222,137
Revenue
-
Expenses
$2,387,446
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.85$9.33$4.48$18.9$18.8$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.81$6.76$1.95$16.0$15.8$0.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.60$6.80$2.20$9.96$9.88$0.08
2021Detailed filing. Detailed filing data is available for this year.$4.86$6.87$2.00$8.62$8.43$0.19
2020Detailed filing. Detailed filing data is available for this year.$5.12$6.61$1.49$8.60$8.47$0.13
2019Detailed filing. Detailed filing data is available for this year.$5.78$6.79$1.01$7.80$7.35$0.45
2018Detailed filing. Detailed filing data is available for this year.$5.30$7.32$2.03$5.21$6.15$0.94
2017Detailed filing. Detailed filing data is available for this year.$1.17$2.25$1.08$4.50$5.05$0.55
2016Detailed filing. Detailed filing data is available for this year.$0.95$1.49$0.53$3.98$3.77$0.20
2015Summary only. Only limited summary data is available for this year.$0.88$1.61$0.73$3.57$3.43$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.67$0.16$0.51$3.18$3.05$0.13
2013Summary only. Only limited summary data is available for this year.$0.55$0.18$0.38$3.20$3.10$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.33$0.27$2.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.54$0.26$2.61
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.58$0.22$2.39