Civic Intelligence

Laura Jeffrey Academy

990 • Fiscal year 2014 • EIN 20-0901562

Jul 01, 2013 to Jun 30, 2014 • Filed on Apr 23, 2015

Organization Profilewww.laurajeffreyacademy.org
1550 Summit Avenue55105

(651) 414-6000

Siviq Scores

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

Liabilities / Assets

57th percentile

0.17x

Higher debt load relative to assets than 57% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

31st percentile

0.04x

Higher debt load relative to revenue than 31% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

36th percentile

-1.2%

Higher net margin than 36% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

51st percentile

$63,807

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

37th percentile

-0.9%

Faster asset growth than 37% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

43rd percentile

1.5%

Faster revenue growth than 43% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$521,895

Down $4,684 (-0.9%) from 2013

Net Assets

Down

$433,009

Down $27,349 (-5.9%) from 2013

Liabilities

Up

$88,886

Up $22,665 (+34%) from 2013

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin36th percentile

Revenue

$2,362,845

No earlier filing loaded for comparison.

Expenses

Down

$2,390,194

Down $208,128 (-8.0%) from 2013

Net Income

-$27,349

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $596,612Liabilities 2010: $335,488Net Assets 2010: $261,1242010Assets 2011: $596,285Liabilities 2011: $172,146Net Assets 2011: $424,1392011Assets 2012: $919,167Liabilities 2012: $482,290Net Assets 2012: $436,8772012Assets 2013: $526,579Liabilities 2013: $66,221Net Assets 2013: $460,3582013Assets 2014: $521,895Liabilities 2014: $88,886Net Assets 2014: $433,0092014Assets 2015: $541,251Liabilities 2015: $1,494,829Net Assets 2015: -$953,5782015Assets 2016: $698,265Liabilities 2016: $1,657,340Net Assets 2016: -$959,0752016Assets 2017: $3,354,634Liabilities 2017: $4,888,386Net Assets 2017: -$1,533,7522017Assets 2018: $2,477,674Liabilities 2018: $4,584,693Net Assets 2018: -$2,107,0192018Assets 2019: $1,974,055Liabilities 2019: $3,669,243Net Assets 2019: -$1,695,1882019Assets 2020: $1,663,823Liabilities 2020: $3,281,260Net Assets 2020: -$1,617,4372020Assets 2021: $1,322,455Liabilities 2021: $2,547,372Net Assets 2021: -$1,224,9172021Assets 2022: $1,444,035Liabilities 2022: $2,404,104Net Assets 2022: -$960,0692022Assets 2023: $1,072,635Liabilities 2023: $1,777,263Net Assets 2023: -$704,6282023Assets 2024: $1,588,751Liabilities 2024: $1,992,688Net Assets 2024: -$403,9372024

Highlighted filing

2014

Assets$521,895
Liabilities$88,886
Net Assets$433,009
Open 2014 Filing

Operations Trend

Revenue Growth43rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,674,2462010Revenue 2011: $2,262,902Expenses 2011: $2,099,887Net Income 2011: $163,0152011Expenses 2012: $2,411,0842012Expenses 2013: $2,598,3222013Revenue 2014: $2,362,845Expenses 2014: $2,390,194Net Income 2014: -$27,3492014Revenue 2015: $2,243,577Expenses 2015: $2,392,771Net Income 2015: -$149,1942015Revenue 2016: $2,439,126Expenses 2016: $2,444,623Net Income 2016: -$5,4972016Revenue 2017: $2,189,229Expenses 2017: $2,181,222Net Income 2017: $8,0072017Revenue 2018: $1,993,129Expenses 2018: $2,182,555Net Income 2018: -$189,4262018Revenue 2019: $1,998,641Expenses 2019: $1,586,810Net Income 2019: $411,8312019Revenue 2020: $1,725,606Expenses 2020: $1,647,855Net Income 2020: $77,7512020Revenue 2021: $1,922,309Expenses 2021: $1,529,789Net Income 2021: $392,5202021Revenue 2022: $1,775,961Expenses 2022: $1,511,113Net Income 2022: $264,8482022Revenue 2023: $1,588,964Expenses 2023: $1,333,523Net Income 2023: $255,4412023Revenue 2024: $2,164,484Expenses 2024: $1,863,793Net Income 2024: $300,6912024

Highlighted filing

2014

Revenue$2,362,845
Expenses$2,390,194
Net Income-$27,349
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Apr 23, 2015
Return Version
2013v4.0
Gross Receipts
$2,362,845
Mission and Program Overview

Mission

Educational delivery for grades 5-8 with a unique year round, girl focused educational experience.

Provide education to girls in grades 5-8.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$389,713$373,415▼ $16,298
Accounts Receivable$409,401$307,047▼ $102,354
Cash and Non-Interest-Bearing Accounts$22,379$148,791▲ $126,412
Land, Buildings, and Equipment, Net$70,645$59,594▼ $11,051
Pd in Cap Srpls Land Bldg Eqp Fund$70,645$59,594▼ $11,051
Savings and Temporary Cash Investments$20,069$0▼ $20,069
Prepaid Expenses and Deferred Charges$4,085$6,463▲ $2,378
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$526,579$521,895▼ $4,684
Liabilities
Accounts Payable and Accrued Expenses$66,221$88,886▲ $22,665
Total Liabilities$66,221$88,886▲ $22,665
Net Assets / Fund Balance
Total Net Assets Fund Balance$460,358$433,009▼ $27,349
Total Liabilities and Net Assets / Fund Balance$526,579$521,895▼ $4,684

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$59,594$187,244$246,838
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cindy ReutherExecutive DirectorFT$63,807-$63,807
Jennifer SchillerOperations and CommunicatiFT$41,069$3,000$44,069

Board Members and Trustees

NameTitle
Debra PridgenBoard Chair
Beth MurphyMember
Emily HabischMember
Iztchel SkovholtMember
Jacob BondeMember
Jill GauldingMember
Josh RohdeMember
Joy McBrienMember
Ken SimonMember
Larvel BunkerMember
Carolyn EllstraTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Safe-Way Bus CompanyTransportation-$143,050
Revenue and Support

Revenue Composition

Contributions and Grants
$249,752
Program Service Revenue
$2,113,066
Investment Income
$27
Other Revenue
$0
All Other Contributions
$21,152
Change in Net Assets
$-27,349

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,012,925
Revenue Not Reported on Financial Statements
$349,920
Revenue Not Reported on Form 990
$349,920
Other Revenue Adjustments
$349,920
Total Revenue per Audited Statements
$2,362,845
Total Revenue per Form 990
$2,362,845
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,311,987
Other Expenses$1,078,207
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$953,944$734-$954,678
Occupancy$371,716$6,739-$378,455
Fees for Services Other$180,418$54,751-$235,169
Current Officers, Directors, Trustees, and Key Employees-$104,876-$104,876
Other Employee Benefits$89,956$9,604-$99,560
Fees for Services Management-$82,398-$82,398
Payroll Taxes$71,777$6,402-$78,179
Pension Plan Contributions$67,483$7,211-$74,694
Fees for Services Accounting-$55,659-$55,659
Office Expenses$27,156$16,275-$43,431
Depreciation Depletion$33,200$3,810-$37,010
Conferences and Meetings$18,810$254-$19,064
Insurance-$9,279-$9,279
Travel$2,876$176-$3,052
Payments to Affiliates-$860-$860
Interest-$96-$96
Other Expenses$45,605$81-$81
Total Functional Expenses$2,030,989$359,205$0$2,390,194

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,396,559
Total Expenses per Form 990$2,390,194
Expenses per Audited Statements$2,040,274
Expenses Not Reported on Form 990$356,285
Expenses Not Reported on Financial Statements$349,920
Other Expense Adjustments$349,920
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
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
Yes
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 B, line 11

“The Form 990 is prepared by an independent accounting firm. Once the Form is completed, it is given to the Executive Director for review before it is signed and filed.”

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

“Board members sign a conflict of interest statement annually. The Board also reviews the conflict of interest policy annually and makes changes as necessary.”

Form 990, Part VI, Section B, line 15

“An annual review is completed by the governing board. The Finance Committee of the Board reviews compensation and recommend approval by the board. A written agreement is put in place.”

Form 990, Part VI, Section C, line 19

“Governing documents, conflict of interest policy and financial statements are provided upon request.”

FORM 990, PART VII, LINE 1A:

“Josh Rohde, Ken Simon and Jennifer Schiller also performs tasks as Board Members for a related organization, LJA Building Company, an average of 1 hour per week. Cindy Reuther as preforms duties for LJA Building Company an average of .1 hours a week.”

FORM 990, PART VI, SECTION A, LINE 1B:

“A member of the board is a teacher at the Academy. Minnesota State Statute 124D.10 requires the board to have atleast one, employed or contracted teacher on the board.”

Filing and Contact Details

Filer

EIN
20-0901562
Phone
6514146000

Signing Officer

Name
Cindy Reuther
Title
Executive Director
Phone
6514146000
Signed
2015-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cindy Reuther
Formed
2004
Legal Domicile
Mn
Voting Board Members
11
Independent Board Members
11
Employees
53
Volunteers
50

Preparer

Preparer
Thomas A Karnowski
Phone
9525450424
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

“The board assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant annually. This process has not changed from the prior year.”

Authoizer

“The Academy is required to have an Authorizer to monitor its operations in order to maintain its charter. The Academy's approved Authorizer during the fiscal year 2013 was the Audubon Center of the North Woods, Minnesota.”

Related Organization Compensation

“Made an effort to obtain information on compensation, if any, was paid from a related organization. No responses or transactions were noted.”

Financial Statement Notes

Part X, Line 2:

“The Academy is exempt from federal and state income taxes under Internal Revenue Code 501(c)(3). The Academy is subject to tax on income from any unrelated business. On July 1, 2009, the Academy adopted the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) ASC 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes), with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely-than-not be sustained upon examination by taxing authorities. The Academy has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where they operate. The Academy believes that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse affect on their respective financial condition, results of operation or cash flows. Accordingly, the Academy has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2014.”

Part XI, Line 2D - Other Adjustments:

“Revenues reported by LJA Building Company 349,920.”

Part XI, Line 4B - Other Adjustments:

“Rent from LJA Building Company 349,920.”

Part XII, Line 2D - Other Adjustments:

“Expenses reported by related party - LJA Building Company 356,285.”

Part XII, Line 4B - Other Adjustments:

“Rent paid to related party - LJA Building Company 349,920.”

Raw XML AppendixShowing 400 of 513 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/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt0228600
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02362845
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt09279
IRS990/InsuranceGrp/TotalAmt09279
IRS990/InterestGrp/ManagementAndGeneralAmt096
IRS990/InterestGrp/TotalAmt096
IRS990/InvestmentIncomeGrp/ExclusionAmt027
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt027
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0187244
IRS990/LandBldgEquipBasisNetGrp/BOYAmt070645
IRS990/LandBldgEquipBasisNetGrp/EOYAmt059594
IRS990/LandBldgEquipCostOrOtherBssAmt0246838
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Educational delivery for grades 5-8 with a unique year round, girl focused educational experience.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0460358
IRS990/NetAssetsOrFundBalancesEOYAmt0433009
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06739
IRS990/OccupancyGrp/ProgramServicesAmt0371716
IRS990/OccupancyGrp/TotalAmt0378455
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt016275
IRS990/OfficeExpensesGrp/ProgramServicesAmt027156
IRS990/OfficeExpensesGrp/TotalAmt043431
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09604
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt089956
IRS990/OtherEmployeeBenefitsGrp/TotalAmt099560
IRS990/OtherExpensesGrp/Desc0Transportation
IRS990/OtherExpensesGrp/Desc1Food
IRS990/OtherExpensesGrp/Desc2Food
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt081
IRS990/OtherExpensesGrp/ProgramServicesAmt0168048
IRS990/OtherExpensesGrp/ProgramServicesAmt145605
IRS990/OtherExpensesGrp/TotalAmt0168048
IRS990/OtherExpensesGrp/TotalAmt145605
IRS990/OtherExpensesGrp/TotalAmt281
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0734
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0953944
IRS990/OtherSalariesAndWagesGrp/TotalAmt0954678
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt0860
IRS990/PaymentsToAffiliatesGrp/TotalAmt0860
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06402
IRS990/PayrollTaxesGrp/ProgramServicesAmt071777
IRS990/PayrollTaxesGrp/TotalAmt078179
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt070645
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt059594
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07211
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt067483
IRS990/PensionPlanContributionsGrp/TotalAmt074694
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04085
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06463
IRS990/PrincipalOfficerNm0Cindy Reuther
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Federal and State Sour
IRS990/ProgramServiceRevenueGrp/Desc1Other Educational Purp
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02002158
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1110908
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02002158
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1110908
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0304690
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt069
IRS990/PYOtherExpensesAmt01174705
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02317044
IRS990/PYRevenuesLessExpensesAmt023481
IRS990/PYSalariesCompEmpBnftPaidAmt01423617
IRS990/PYTotalExpensesAmt02598322
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02621803
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-27349
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02113066
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt020069
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt059594
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0187244
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0246838
IRS990ScheduleD/ExpensesNotReportedAmt0356285
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0349920
IRS990ScheduleD/ExpensesSubtotalAmt02040274
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt0356285
IRS990ScheduleD/OtherExpensesNotIncludedAmt0349920
IRS990ScheduleD/OtherRevenueAmt0349920
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0349920
IRS990ScheduleD/RevenueNotReportedAmt0349920
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0349920
IRS990ScheduleD/RevenueSubtotalAmt02012925
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Academy is exempt from federal and state income taxes under Internal Revenue Code 501(c)(3). The Academy is subject to tax on income from any unrelated business. On July 1, 2009, the Academy adopted the recognition requirements for uncertain income tax positions as required by the Financial Accounting Standards Board (FASB) ASC 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes), with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more likely-than-not be sustained upon examination by taxing authorities. The Academy has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where they operate. The Academy believes that income tax filing positions will be sustained upon examination and do not anticipate any adjustments that would result in a material adverse affect on their respective financial condition, results of operation or cash flows. Accordingly, the Academy has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2014.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Revenues reported by LJA Building Company 349,920.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Rent from LJA Building Company 349,920.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Expenses reported by related party - LJA Building Company 356,285.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Rent paid to related party - LJA Building Company 349,920.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt059594
IRS990ScheduleD/TotalExpensesPerForm990Amt02390194
IRS990ScheduleD/TotalRevenuePerForm990Amt02362845
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02362845
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02396559
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 Board policy is posted at the school site and provided to students and staff when enrolled or hired.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The Academy receives federal and state aid for the purpose of providing education services to its students.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is prepared by an independent accounting firm. Once the Form is completed, it is given to the Executive Director for review before it is signed and filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members sign a conflict of interest statement annually. The Board also reviews the conflict of interest policy annually and makes changes as necessary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2An annual review is completed by the governing board. The Finance Committee of the Board reviews compensation and recommend approval by the board. A written agreement is put in place.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents, conflict of interest policy and financial statements are provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The board assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant annually. This process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Academy is required to have an Authorizer to monitor its operations in order to maintain its charter. The Academy's approved Authorizer during the fiscal year 2013 was the Audubon Center of the North Woods, Minnesota.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Josh Rohde, Ken Simon and Jennifer Schiller also performs tasks as Board Members for a related organization, LJA Building Company, an average of 1 hour per week. Cindy Reuther as preforms duties for LJA Building Company an average of .1 hours a week.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7A member of the board is a teacher at the Academy. Minnesota State Statute 124D.10 requires the board to have atleast one, employed or contracted teacher on the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Made an effort to obtain information on compensation, if any, was paid from a related organization. No responses or transactions were noted.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5AUTHOIZER
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII, LINE 1A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION A, LINE 1B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8RELATED ORGANIZATION COMPENSATION
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$521,895
Liabilities
$88,886
Net assets
$433,009
Revenue
$2,362,845
Expenses
$2,390,194
Net income
-$27,349
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.59$1.99$0.40$2.16$1.86$0.30
2023Detailed filing. Detailed filing data is available for this year.$1.07$1.78$0.70$1.59$1.33$0.26
2022Detailed filing. Detailed filing data is available for this year.$1.44$2.40$0.96$1.78$1.51$0.26
2021Detailed filing. Detailed filing data is available for this year.$1.32$2.55$1.22$1.92$1.53$0.39
2020Detailed filing. Detailed filing data is available for this year.$1.66$3.28$1.62$1.73$1.65$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.97$3.67$1.70$2.00$1.59$0.41
2018Detailed filing. Detailed filing data is available for this year.$2.48$4.58$2.11$1.99$2.18$0.19
2017Detailed filing. Detailed filing data is available for this year.$3.35$4.89$1.53$2.19$2.18$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.70$1.66$0.96$2.44$2.44$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.54$1.49$0.95$2.24$2.39$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.52$0.09$0.43$2.36$2.39$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.07$0.46$2.60
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.48$0.44$2.41
2011Summary only. Only limited summary data is available for this year.$0.60$0.17$0.42$2.26$2.10$0.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.34$0.26$1.67