Liabilities / Assets
98th percentile
Higher debt load relative to assets than 98% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
1.41x
Liabilities / Revenue
63rd percentile
Higher debt load relative to revenue than 63% of similar nonprofits.
Net Margin
42nd percentile
Higher net margin than 42% of similar nonprofits.
Top Officer Pay
27th percentile
Higher top officer pay than 27% of similar nonprofits.
Top officer pay equals 0.7% of source-year revenue.
Asset Growth
45th percentile
Faster asset growth than 45% of similar nonprofits.
Revenue Growth
89th percentile
Faster revenue growth than 89% of similar nonprofits.
Balance Sheet
Assets
Up$4,811,098
Up $209,416 (+4.6%) from 2022
Net Assets
Up-$1,949,113
Up $246,569 (+11%) from 2022
Liabilities
Down$6,760,211
Down $37,153 (-0.5%) from 2022
Revenue And Expenses
Revenue
Up$16,018,761
Up $6,059,872 (+61%) from 2022
Expenses
Up$15,808,305
Up $5,926,243 (+60%) from 2022
Net Income
Up$210,456
Up $133,629 (+174%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2022 to Jun 30, 2023
- Signed
- May 13, 2024
- Return Version
- 2022v5.0
- Gross Receipts
- $16,018,856
Mission and Program Overview
Mission
To provide students with a personalized and adaptive education to grow academically, emotionally, and socially.
Operation of minnesota charter school.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Accounts Receivable | $1,030,442 | $1,473,404 | ▲ $442,962 |
| Cash and Non-Interest-Bearing Accounts | $946,836 | $814,533 | ▼ $132,303 |
| Land, Buildings, and Equipment, Net | $227,671 | $372,681 | ▲ $145,010 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $222,473 | $372,681 | ▲ $150,208 |
| Prepaid Expenses and Deferred Charges | $23,018 | $20,299 | ▼ $2,719 |
| Rtn Earn Endowment Incm Other Fnds | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $-2,418,155 | $-2,321,794 | ▲ $96,361 |
| Total Assets | $4,601,682 | $4,811,098 | ▲ $209,416 |
| Other Assets Total | $2,373,715 | $2,130,181 | ▼ $243,534 |
| Liabilities | |||
| Other Liabilities | $6,374,552 | $6,153,464 | ▼ $221,088 |
| Accounts Payable and Accrued Expenses | $417,614 | $606,747 | ▲ $189,133 |
| Mortgage Notes Payable Secured by Investment Property | $5,198 | - | - |
| Total Liabilities | $6,797,364 | $6,760,211 | ▼ $37,153 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $-2,195,682 | $-1,949,113 | ▲ $246,569 |
| Total Liabilities and Net Assets / Fund Balance | $4,601,682 | $4,811,098 | ▲ $209,416 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $372,681 | $417,143 | $789,824 |
| Other Assets Org | $42,912 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Diane Pangal | Executive Director | FT | $104,500 | $15,075 | $119,575 |
Board Members and Trustees
| Name | Title |
|---|---|
| Donna Piazza | Board Chair |
| Carolyn Fritz | Vice-chair |
| Jim Lawrence | Member |
| Karen Marshall | Treasurer |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Contemporary Transportation | Student Transportation | 2300 NEVADA AVE NO 300, Golden Valley, MN 55427 | $1,265,578 |
| Zen Education INC | Student Support Services | PO BOX 18429, Palatine, IL 60055 | $217,976 |
| Moving Matters | Student Support Services | 1320 RIVERSIDE LN APT 106, West St Paul, MN 55118 | $134,175 |
| Pediatric Psych Services | Psychologist | 4832 W 27TH STREET, St Louis Park, MN 55416 | $108,763 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $15,803,668
- Program Service Revenue
- $165,833
- Investment Income
- $2
- Other Revenue
- $49,258
- All Other Contributions
- $3,380
- Change in Net Assets
- $210,456
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $8,976,457 |
| Other Expenses | $6,831,848 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $6,926,685 | $167,455 | - | $7,094,140 |
| Occupancy | $2,814,213 | $927 | - | $2,815,140 |
| Fees for Services Other | $1,109,102 | $56,280 | - | $1,165,382 |
| Other Employee Benefits | $632,550 | $14,229 | - | $646,779 |
| Pension Plan Contributions | $547,301 | $11,595 | - | $558,896 |
| Payroll Taxes | $533,246 | $21,913 | - | $555,159 |
| Information Technology | $278,256 | $32,635 | - | $310,891 |
| Office Expenses | $220,560 | $51,592 | - | $272,152 |
| Current Officers, Directors, Trustees, and Key Employees | - | $121,483 | - | $121,483 |
| Fees for Services Accounting | - | $90,415 | - | $90,415 |
| Depreciation Depletion | $71,805 | $2,075 | - | $73,880 |
| Insurance | $52,310 | - | - | $52,310 |
| Other Expenses | $41,912 | $4,129 | - | $46,041 |
| All Other Expenses | $15,826 | $22,011 | - | $37,837 |
| Conferences and Meetings | $35,030 | $1,537 | - | $36,567 |
| Fees for Services Legal | - | $31,377 | - | $31,377 |
| Interest | $2,292 | - | - | $2,292 |
| Total Functional Expenses | $15,178,494 | $629,811 | $0 | $15,808,305 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
| Liability | Amount |
|---|---|
| Net Pension Liability | $5,497,175 |
| Deferred Inflows - Pension | $556,531 |
| Compensated Absences | $70,024 |
| Lease Liability | $29,734 |
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 35% controlled entity
- No
- 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
- Yes
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 7A
“As per mn statute 124e.07, staff members employed at the school, including teachers providing instruction under a contract, 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 schools board of directors.”
Form 990, Part VI, Section B, Line 11B
“The spero academy finance committee reviews the form 990, while in preparation, and then presents the public disclosure form 990 to the board of directors for review and approval, prior to submission.”
Form 990, Part VI, Section B, Line 12C
“The 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 throughout the school year at board meetings.”
Form 990, Part VI, Section B, Line 15A
“The spero academy governance committee reviews the annual compensation plans submitted from the school directors. The chair of the governance 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, as outlined by the approved annual compensation plan, 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.”
Form 990, Part VI, Section C, Line 19
“The policies and financial statements of spero academy are posted on its website. The policies and financial statements are also available in the school office for review of hard copy.”
FORM 990, PART VII, SECTION A:
“Related board members per mn statute 124e.07, charter schools are required to have a licensed teacher as a member of the board of directors.”
Filing and Contact Details
Filer
- Filer Name
- Spero Academy
- EIN
- 20-0309518
- Phone
- 6124658600
- Address
- 2701 CALIFORNIA STREET NE, MINNEAPOLIS, MN 55418
Signing Officer
- Name
- Diane Pangal
- Title
- Executive Director
- Phone
- 6124658600
- Signed
- 2024-05-13
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Diane Pangal
- Formed
- 2003
- Legal Domicile
- Mn
- Voting Board Members
- 4
- Independent Board Members
- 4
- Employees
- 219
- Volunteers
- 12
Preparer
- Firm
- Creative Planning Tax LLC
- Address
- 12100 MEREDITH DR SUITE 200, URBANDALE, IA 50323
- Preparer
- Michelle Hekel CPA
- Phone
- 5157275700
Supplemental Narrative
Additional Explanations
FORM 990, PART X, LINE 25:
“Pension liabilities, deferred outflows & inflows pension: as a charter school in the state of minnesota, participation in two multiple-employer, cost-sharing defined benefit pension plans is statutorily required. The school's contributions to the plans are also regulated by statute and are based on a percentage of salaries and wages earned by current employees. Therefore, while the net pension liability, deferred outflows and inflows, are reported on the school's statement of net position, the school is not in a position to directly control the liabilities or the subsequent liquidation of the liabilities.”
FORM 990, PART XI, LINE 9:
“Gasb 68 - pension adjustment 36,113.”
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, 2023, 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.”
Raw XML AppendixShowing 400 of 506 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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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 606747 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 1030442 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 1473404 |
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| IRS990/ActivityOrMissionDesc | 0 | OPERATION OF MINNESOTA CHARTER SCHOOL. |
| IRS990/AllOtherContributionsAmt | 0 | 3380 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 22011 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 15826 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 37837 |
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| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | CREATIVE PLANNING |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9525636800 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3800 AMERICAN BLVD WEST SUITE 1000 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | BLOOMINGTON |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 554314420 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | -2418155 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | -2321794 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 946836 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 814533 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 4 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 121483 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 121483 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 1537 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 35030 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 36567 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 1265578 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 1 | 217976 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 2 | 134175 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 3 | 108763 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 2300 NEVADA AVE NO 300 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 1 | PO BOX 18429 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 2 | 1320 RIVERSIDE LN APT 106 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 3 | 4832 W 27TH STREET |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | GOLDEN VALLEY |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 1 | PALATINE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 2 | WEST ST PAUL |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 3 | ST LOUIS PARK |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 1 | IL |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 2 | MN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 3 | MN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 55427 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 1 | 60055 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 2 | 55118 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 3 | 55416 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | CONTEMPORARY TRANSPORTATION |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 1 | ZEN EDUCATION INC |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 2 | MOVING MATTERS |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 3 | PEDIATRIC PSYCH SERVICES |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | STUDENT TRANSPORTATION |
| IRS990/ContractorCompensationGrp/ServicesDesc | 1 | STUDENT SUPPORT SERVICES |
| IRS990/ContractorCompensationGrp/ServicesDesc | 2 | STUDENT SUPPORT SERVICES |
| IRS990/ContractorCompensationGrp/ServicesDesc | 3 | PSYCHOLOGIST |
| IRS990/CostOfGoodsSoldAmt | 0 | 95 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 15803668 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 2 |
| IRS990/CYOtherExpensesAmt | 0 | 6831848 |
| IRS990/CYOtherRevenueAmt | 0 | 49258 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 165833 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 210456 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 8976457 |
| IRS990/CYTotalExpensesAmt | 0 | 15808305 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 16018761 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 2075 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 71805 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 73880 |
| IRS990/Desc | 0 | SPERO ACADEMY COMPLETED YEAR 19 OF OPERATION ON JUNE 30, 2023.ON JUNE 30, 2023, SPERO ACADEMY SERVED A TOTAL OF 199 STUDENTS AND OVER 92% OF THE STUDENT POPULATION ARE STUDENTS WITH DISABILITIES. THE SCHOOL'S WAIT-LIST HAS GROWN TO OVER 300 STUDENTS, WHICH SUPPORTS THE PLAN TO REACH MAXIMUM CAPACITY OF 225 STUDENTS BY YEAR FIVE IN THE NEW FACILITY. ALL BUDGETARY GOALS ASSOCIATED WITH THE OPERATIONS OF THE NEW FACILITY AND GROWING ENROLLMENT ARE BEING MET.THE SCHOOL CONTINUES TO RECEIVE HIGH MARKS IN ALL EVALUATIONS FROM THE UNIVERSITY OF ST. THOMAS, OUR AUTHORIZER. |
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| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 219 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 15178494 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 90415 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 90415 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 31377 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 31377 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 56280 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 1109102 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 1165382 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 40.00 |
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| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 15075 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | DONNA PIAZZA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | CAROLYN FRITZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | KAREN MARSHALL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | JIM LAWRENCE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | DIANE PANGAL |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 104500 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | BOARD CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | VICE-CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | EXECUTIVE DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 0 |
| IRS990/FormationYr | 0 | 2003 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 4 |
| IRS990/GovernmentGrantsAmt | 0 | 15800288 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 16018856 |
| IRS990/GrossSalesOfInventoryAmt | 0 | 961 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 4 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InfoInScheduleOPartXInd | 0 | X |
| IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt | 0 | 32635 |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 278256 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 310891 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 52310 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 52310 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 2292 |
| IRS990/InterestGrp/TotalAmt | 0 | 2292 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 2 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 2 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 15 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
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| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 227671 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 372681 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 789824 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO PROVIDE STUDENTS WITH A PERSONALIZED AND ADAPTIVE EDUCATION TO GROW ACADEMICALLY, EMOTIONALLY, AND SOCIALLY. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 5198 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | -2195682 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | -1949113 |
| IRS990/NetIncomeOrLossGrp/ExclusionAmt | 0 | 866 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 866 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 927 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 2814213 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 2815140 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 51592 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 220560 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 272152 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 2373715 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 2130181 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 36113 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 14229 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 632550 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 646779 |
| IRS990/OtherExpensesGrp/Desc | 0 | STUDENT TRANSPORTATION |
| IRS990/OtherExpensesGrp/Desc | 1 | INSTRUCTIONAL SUPPLIES |
| IRS990/OtherExpensesGrp/Desc | 2 | EQUIP RENTAL & MAINT |
| IRS990/OtherExpensesGrp/Desc | 3 | SMALL EQUIPMENT PURCHAS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 158 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 4129 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 1685578 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 149347 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 62481 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 41912 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 1685578 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 149347 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 62639 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 46041 |
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| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 6153464 |
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| IRS990/OtherRevenueMiscGrp/Desc | 0 | MISC REVENUE |
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| IRS990/OtherRevenueTotalAmt | 0 | 48392 |
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| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 6926685 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 7094140 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 21913 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 533246 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 555159 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 222473 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 372681 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 11595 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 547301 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 558896 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 23018 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 20299 |
| IRS990/PrincipalOfficerNm | 0 | DIANE PANGAL |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611600 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 611600 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | MEDICAL ASSISTANCE |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | FEES FROM PATRONS |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 164950 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 883 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 164950 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 883 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 9845414 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 3818078 |
| IRS990/PYOtherRevenueAmt | 0 | 969 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 112506 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 76827 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 6063984 |
| IRS990/PYTotalExpensesAmt | 0 | 9882062 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 9958889 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 210456 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 1 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 214225 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 0 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 372681 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 417143 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 789824 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 2073444 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 13825 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 42912 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | DEFERRED OUTFLOWS - PENSION |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | DUE FROM FRIENDS OF SPERO ACADEMY |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | DUE FROM FRIENDS OF SPERO ACADEMY II |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 5497175 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 556531 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 70024 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 29734 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | NET PENSION LIABILITY |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | DEFERRED INFLOWS - PENSION |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | COMPENSATED ABSENCES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | LEASE LIABILITY |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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, 2023, 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/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 372681 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 2130181 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 6153464 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | 1 |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | 1 |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | 0 |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | 1 |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | 1 |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | 1 |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | 1 |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | 1 |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | POLICIES ARE POSTED ON THE SCHOOL WEBSITE OR AVAILABLE AT THE SITE AS REQUESTED. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | AS A MN PUBLIC CHARTER SCHOOL, SPERO ACADEMY RECEIVES STATE EDUCATION AID AND FEDERAL GRANT FUNDING. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, PART I, LINE 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE E, PART I, LINE 6 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | AS PER MN STATUTE 124E.07, STAFF MEMBERS EMPLOYED AT THE SCHOOL, INCLUDING TEACHERS PROVIDING INSTRUCTION UNDER A CONTRACT, 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 SCHOOLS BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE SPERO ACADEMY FINANCE COMMITTEE REVIEWS THE FORM 990, WHILE IN PREPARATION, AND THEN PRESENTS THE PUBLIC DISCLOSURE FORM 990 TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL, PRIOR TO SUBMISSION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE 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 THROUGHOUT THE SCHOOL YEAR AT BOARD MEETINGS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE SPERO ACADEMY GOVERNANCE COMMITTEE REVIEWS THE ANNUAL COMPENSATION PLANS SUBMITTED FROM THE SCHOOL DIRECTORS. THE CHAIR OF THE GOVERNANCE 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, AS OUTLINED BY THE APPROVED ANNUAL COMPENSATION PLAN, 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/SupplementalInformationDetail/ExplanationTxt | 4 | THE POLICIES AND FINANCIAL STATEMENTS OF SPERO ACADEMY ARE POSTED ON ITS WEBSITE. THE POLICIES AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE IN THE SCHOOL OFFICE FOR REVIEW OF HARD COPY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | RELATED BOARD MEMBERS PER MN STATUTE 124E.07, CHARTER SCHOOLS ARE REQUIRED TO HAVE A LICENSED TEACHER AS A MEMBER OF THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | PENSION LIABILITIES, DEFERRED OUTFLOWS & INFLOWS PENSION: AS A CHARTER SCHOOL IN THE STATE OF MINNESOTA, PARTICIPATION IN TWO MULTIPLE-EMPLOYER, COST-SHARING DEFINED BENEFIT PENSION PLANS IS STATUTORILY REQUIRED. THE SCHOOL'S CONTRIBUTIONS TO THE PLANS ARE ALSO REGULATED BY STATUTE AND ARE BASED ON A PERCENTAGE OF SALARIES AND WAGES EARNED BY CURRENT EMPLOYEES. THEREFORE, WHILE THE NET PENSION LIABILITY, DEFERRED OUTFLOWS AND INFLOWS, ARE REPORTED ON THE SCHOOL'S STATEMENT OF NET POSITION, THE SCHOOL IS NOT IN A POSITION TO DIRECTLY CONTROL THE LIABILITIES OR THE SUBSEQUENT LIQUIDATION OF THE LIABILITIES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | GASB 68 - PENSION ADJUSTMENT 36,113. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VII, SECTION A: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART X, LINE 25: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART XI, LINE 9: |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | 1 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 1 | 1 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | SPERO ACADEMY |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt | 1 | SPERO ACADEMY |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | FRIENDS OF SPERO ACADEMY |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 1 | FRIENDS OF SPERO ACADEMY II |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 815382949 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 1 | 851076979 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501(C)(3) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 1 | 501(C)(3) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | MN |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 1 | MN |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | LEASE BUILDING TO SCHOOL |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 1 | LEASE BUILDING TO SCHOOL |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt | 0 | LINE 12A, I |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt | 1 | LINE 12A, I |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | 2701 CALIFORNIA STREET NE |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 1 | 2701 CALIFORNIA STREET NE |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | MINNEAPOLIS |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 1 | MINNEAPOLIS |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 1 | MN |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 0 | 55418 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 1 | 55418 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | 1 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $4,811,098
- Liabilities
- $6,760,211
- Net assets
- -$1,949,113
- Revenue
- $16,018,761
- Expenses
- $15,808,305
- Net income
- $210,456