Civic Intelligence

Spero Academy

990 • Fiscal year 2011 • EIN 20-0309518

Jul 01, 2010 to Jun 30, 2011 • Filed on Mar 01, 2012

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

0.68x

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

2011 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

Score unavailable

No value available

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

Source year 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$796,979

Down $6,477 (-0.8%) from 2010

Net Assets

Up

$255,880

Up $33,743 (+15%) from 2010

Liabilities

Down

$541,099

Down $40,220 (-6.9%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$2,612,727

Up $225,281 (+9.4%) from 2010

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

2011

Assets$796,979
Liabilities$541,099
Net Assets$255,880
Open 2011 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

2011

Revenue-
Expenses$2,612,727
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2010 to Jun 30, 2011
Signed
Mar 1, 2012
Return Version
2010v3.4
Gross Receipts
$2,646,470
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 AND KIM MICHLIN ARE BOARD MEMBERS, BUT RECEIVE COMPENSATION FOR THEIR SERVICES AS TEACHERS.
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IRS990ScheduleO/GeneralExplanation/Identifier1RELATED BOARD MEMBERS
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IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MN
IRS990/StatesWhereCopyOfReturnIsFiled0MN
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine101534 SIXTH STREET NE
IRS990/TheBooksAreInCareOf/AddressUS/City0MINNEAPOLIS
IRS990/TheBooksAreInCareOf/AddressUS/State0MN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode0554131319
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10THE ORGANIZATION
IRS990/TheBooksAreInCareOf/TelephoneNumber06124658601
IRS990/TotalAssets/BOY0803456
IRS990/TotalAssetsBOY0803456
IRS990/TotalAssets/EOY0796979
IRS990/TotalAssetsEOY0796979
IRS990/TotalCompGT150K00
IRS990/TotalContributions02610667
IRS990/TotalExpensesCurrentYear02612727
IRS990/TotalExpensesPriorYear02387446
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral0250409
IRS990/TotalFunctionalExpenses/ProgramServices02362318
IRS990/TotalFunctionalExpenses/Total02612727
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalJointCosts/Fundraising00
IRS990/TotalJointCosts/ManagementAndGeneral0200
IRS990/TotalJointCosts/ProgramServices0200
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IRS990/TotalLiabilitiesBOY0581319
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IRS990/TotalLiabilitiesEOY0541099
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IRS990/TotalLiabNetAssetsFundBalances/EOY0796979
IRS990/TotalNbrEmployees061
IRS990/TotalNbrVolunteers042
IRS990/TotalNetAssetsFundBalances/BOY0222137
IRS990/TotalNetAssetsFundBalances/EOY0255880
IRS990/TotalOtherCompensation035810
IRS990/TotalOtherRevenue035803
IRS990/TotalProfFundrsngExpCY00
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Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$796,979
Liabilities
$541,099
Net assets
$255,880
Revenue
-
Expenses
$2,612,727
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