Civic Intelligence

Team Academy

990 • Fiscal year 2023 • EIN 20-1056964

Jul 01, 2022 to Jun 30, 2023 • Filed on Mar 11, 2024

Organization ProfileWWW.TEAM.K12.MN.US
220 17th Avenue NEWaseca, MN 56093

(507) 837-5149

Siviq Scores

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

Liabilities / Assets

97th percentile

1.47x

Higher debt load relative to assets than 97% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

90th percentile

1.29x

Higher debt load relative to revenue than 90% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

13th percentile

-27%

Higher net margin than 13% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

71st percentile

$108,905

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

8th percentile

-17%

Faster asset growth than 8% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

15th percentile

-25%

Faster revenue growth than 15% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$1,582,819

Down $318,617 (-17%) from 2022

Net Assets

Up

-$739,244

Up $58,040 (+7.3%) from 2022

Liabilities

Down

$2,322,063

Down $376,657 (-14%) from 2022

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin13th percentile

Revenue

Down

$1,802,156

Down $591,720 (-25%) from 2022

Expenses

Up

$2,282,505

Up $160,308 (+7.6%) from 2022

Net Income

Down

-$480,349

Down $752,028 (-277%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2010: $487,051Liabilities 2010: $259,087Net Assets 2010: $227,9642010Assets 2011: $522,898Liabilities 2011: $189,589Net Assets 2011: $333,3092011Assets 2012: $573,639Liabilities 2012: $212,663Net Assets 2012: $360,9762012Assets 2013: $768,169Liabilities 2013: $140,881Net Assets 2013: $627,2882013Assets 2014: $790,334Liabilities 2014: $130,904Net Assets 2014: $659,4302014Assets 2015: $904,890Liabilities 2015: $1,158,180Net Assets 2015: -$253,2902015Assets 2016: $966,320Liabilities 2016: $1,216,294Net Assets 2016: -$249,9742016Assets 2017: $2,747,756Liabilities 2017: $3,414,849Net Assets 2017: -$667,0932017Assets 2018: $2,360,940Liabilities 2018: $3,419,245Net Assets 2018: -$1,058,3052018Assets 2019: $1,942,560Liabilities 2019: $2,702,735Net Assets 2019: -$760,1752019Assets 2020: $1,480,636Liabilities 2020: $2,449,859Net Assets 2020: -$969,2232020Assets 2021: $1,379,619Liabilities 2021: $2,526,775Net Assets 2021: -$1,147,1562021Assets 2022: $1,901,436Liabilities 2022: $2,698,720Net Assets 2022: -$797,2842022Assets 2023: $1,582,819Liabilities 2023: $2,322,063Net Assets 2023: -$739,2442023Assets 2024: $1,190,863Liabilities 2024: $1,933,267Net Assets 2024: -$742,4042024Assets 2025: $902,990Liabilities 2025: $1,667,912Net Assets 2025: -$764,9222025

Highlighted filing

2023

Assets$1,582,819
Liabilities$2,322,063
Net Assets-$739,244
Open 2023 Filing

Operations Trend

Revenue Growth15th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,356,5292010Revenue 2011: $1,467,086Expenses 2011: $1,361,741Net Income 2011: $105,3452011Revenue 2012: $1,506,582Expenses 2012: $1,478,915Net Income 2012: $27,6672012Expenses 2013: $1,460,0662013Revenue 2014: $1,481,330Expenses 2014: $1,449,188Net Income 2014: $32,1422014Revenue 2015: $1,729,663Expenses 2015: $2,642,383Net Income 2015: -$912,7202015Revenue 2016: $1,735,009Expenses 2016: $1,731,693Net Income 2016: $3,3162016Revenue 2017: $1,760,346Expenses 2017: $2,177,465Net Income 2017: -$417,1192017Revenue 2018: $1,813,024Expenses 2018: $2,177,704Net Income 2018: -$364,6802018Revenue 2019: $1,772,161Expenses 2019: $1,475,410Net Income 2019: $296,7512019Revenue 2020: $1,772,145Expenses 2020: $2,010,439Net Income 2020: -$238,2942020Revenue 2021: $1,844,375Expenses 2021: $1,939,333Net Income 2021: -$94,9582021Revenue 2022: $2,393,876Expenses 2022: $2,122,197Net Income 2022: $271,6792022Revenue 2023: $1,802,156Expenses 2023: $2,282,505Net Income 2023: -$480,3492023Revenue 2024: $1,916,045Expenses 2024: $2,225,363Net Income 2024: -$309,3182024Revenue 2025: $2,067,221Expenses 2025: $2,089,739Net Income 2025: -$22,5182025

Highlighted filing

2023

Revenue$1,802,156
Expenses$2,282,505
Net Income-$480,349
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Mar 11, 2024
Return Version
2022v5.0
Gross Receipts
$1,802,156
Mission and Program Overview

Mission

To operate an elementary public charter school in waseca under the laws of the state of minnesota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$469,573$288,421▼ $181,152
Accounts Receivable$286,574$216,939▼ $69,635
Rtn Earn Endowment Incm Other Fnds$151,009$130,748▼ $20,261
Pd in Cap Srpls Land Bldg Eqp Fund$58,631$97,772▲ $39,141
Land, Buildings, and Equipment, Net$77,891$60,397▼ $17,494
Prepaid Expenses and Deferred Charges$8,182$8,182→ $0
Cap Stk Tr Prin Current Funds$-1,006,924$-967,764▲ $39,160
Total Assets$1,901,436$1,582,819▼ $318,617
Other Assets Total$1,059,216$1,008,880▼ $50,336
Liabilities
Other Liabilities$1,885,667$1,676,755▼ $208,912
Unsecured Notes Loans Payable$657,689$488,047▼ $169,642
Accounts Payable and Accrued Expenses$155,364$157,261▲ $1,897
Total Liabilities$2,698,720$2,322,063▼ $376,657
Net Assets / Fund Balance
Total Net Assets Fund Balance$-797,284$-739,244▲ $58,040
Total Liabilities and Net Assets / Fund Balance$1,901,436$1,582,819▼ $318,617

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$60,397$148,452$208,849
Other Assets Org$483,964--
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jill CourtneyExecutive DirectorFT$72,100$36,805$108,905
Janel SchmidtDirectorFT$60,421$17,023$77,444
Jennifer BrittainVice ChairFT$57,275$14,220$71,495
Christine HeringTreasurerFT$63,170$6,814$69,984
Polly ChristensenDirectorFT$50,470$12,108$62,578
Denise GilbertsonDirectorFT$51,247$7,194$58,441

Board Members and Trustees

NameTitle
Jed KalbowChair
Revenue and Support

Revenue Composition

Contributions and Grants
$1,740,182
Program Service Revenue
$60,026
Investment Income
$1,948
Other Revenue
$0
All Other Contributions
$500
Change in Net Assets
$-480,349

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,802,156
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,802,156
Total Revenue per Form 990
$1,802,156
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,504,110
Other Expenses$778,395
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$733,268$126,268-$859,536
Current Officers, Directors, Trustees, and Key Employees$408,995--$408,995
Depreciation Depletion$220,435--$220,435
Occupancy$202,106--$202,106
Office Expenses$125,304$7,606-$132,910
Payroll Taxes$76,962$10,712-$87,674
Fees for Services Other$60,626$21,531-$82,157
Other Employee Benefits$58,206$20,281-$78,487
Pension Plan Contributions$57,134$12,284-$69,418
Interest$43,621--$43,621
Fees for Services Accounting-$13,206-$13,206
Information Technology$12,289$313-$12,602
Insurance$11,318--$11,318
Travel$6,829--$6,829
Other Expenses$6,321--$6,321
Conferences and Meetings$4,232$73-$4,305
Total Functional Expenses$2,070,231$212,274$0$2,282,505

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,282,505
Expenses per Audited Statements$2,062,070
Total Expenses per Audited Statements$2,054,840
Expenses Not Reported on Financial Statements$220,435
Other Expense Adjustments$220,435
Expenses Not Reported on Form 990$-7,230
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
Net Pension Liability$1,390,152
Deferred Pension Inflows$286,603
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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, Part VI, Section A, Line 8B

“There are no committees with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“The management of the organization review the form 990, then present it to the board for review and approval prior to filing with the irs.”

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

“The conflict of interest policy covers board members, employes, officers, and agents. Management and the board of directors monitor and review any potential conflicts of interest on an on-going basis. If a conflict exists, the conflicted individual cannot participate in selecting, awarding, or administering the contract involved. Proceedings resulting from a conflict of interest are in the board minutes.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Team Academy
EIN
20-1056964
Phone
5078375149
Address
220 17TH AVENUE NE, WASECA, MN 56093

Signing Officer

Name
Jill Courtney
Title
Executive Director
Phone
5078375149
Signed
2024-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jill Courtney
Formed
2004
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
1
Employees
35
Volunteers
1

Preparer

Firm
Cliftonlarsonallen Llp
Address
2689 COMMERCE DRIVE NW SUITE 201, ROCHESTER, MN 55901
Preparer
Katherine Lutzke CPA
Phone
5072802300
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in pension liability 278,813. Change in lease liability 176,872.”

Financial Statement Notes

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Change in compensated absences payable -7,230.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Depreciation expense 220,435.”

Raw XML AppendixShowing 400 of 427 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0155364
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0157261
IRS990/AccountsReceivableGrp/BOYAmt0286574
IRS990/AccountsReceivableGrp/EOYAmt0216939
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO OPERATE AN ELEMENTARY PUBLIC CHARTER SCHOOL IN WASECA UNDER THE LAWS OF THE STATE OF MINNESOTA.
IRS990/AllOtherContributionsAmt0500
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JILL COURTNEY
IRS990/BooksInCareOfDetail/PhoneNum05078375149
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0220 17TH AVENUE NE
IRS990/BooksInCareOfDetail/USAddress/CityNm0WASECA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd056093
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0-1006924
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0-967764
IRS990/CashNonInterestBearingGrp/BOYAmt0469573
IRS990/CashNonInterestBearingGrp/EOYAmt0288421
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0408995
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0408995
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt073
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt04232
IRS990/ConferencesMeetingsGrp/TotalAmt04305
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01740182
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01948
IRS990/CYOtherExpensesAmt0778395
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt060026
IRS990/CYRevenuesLessExpensesAmt0-480349
IRS990/CYSalariesCompEmpBnftPaidAmt01504110
IRS990/CYTotalExpensesAmt02282505
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01802156
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0220435
IRS990/DepreciationDepletionGrp/TotalAmt0220435
IRS990/Desc0TEAM ACADEMY PROVIDES AN EDUCATIONAL PROGRAM TO APPROXIMATELY 108 ELEMENTARY STUDENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt035
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02070231
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt013206
IRS990/FeesForServicesAccountingGrp/TotalAmt013206
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt021531
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt060626
IRS990/FeesForServicesOtherGrp/TotalAmt082157
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt114220
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt26814
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt317023
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt47194
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt512108
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt636805
IRS990/Form990PartVIISectionAGrp/PersonNm0JED KALBOW
IRS990/Form990PartVIISectionAGrp/PersonNm1JENNIFER BRITTAIN
IRS990/Form990PartVIISectionAGrp/PersonNm2CHRISTINE HERING
IRS990/Form990PartVIISectionAGrp/PersonNm3JANEL SCHMIDT
IRS990/Form990PartVIISectionAGrp/PersonNm4DENISE GILBERTSON
IRS990/Form990PartVIISectionAGrp/PersonNm5POLLY CHRISTENSEN
IRS990/Form990PartVIISectionAGrp/PersonNm6JILL COURTNEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt157275
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt263170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt360421
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt451247
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt550470
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt672100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt01739682
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01802156
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0313
IRS990/InformationTechnologyGrp/ProgramServicesAmt012289
IRS990/InformationTechnologyGrp/TotalAmt012602
IRS990/InsuranceGrp/ProgramServicesAmt011318
IRS990/InsuranceGrp/TotalAmt011318
IRS990/InterestGrp/ProgramServicesAmt043621
IRS990/InterestGrp/TotalAmt043621
IRS990/InvestmentIncomeGrp/ExclusionAmt01948
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01948
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0148452
IRS990/LandBldgEquipBasisNetGrp/BOYAmt077891
IRS990/LandBldgEquipBasisNetGrp/EOYAmt060397
IRS990/LandBldgEquipCostOrOtherBssAmt0208849
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO OPERATE AN ELEMENTARY PUBLIC CHARTER SCHOOL IN WASECA UNDER THE LAWS OF THE STATE OF MINNESOTA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-797284
IRS990/NetAssetsOrFundBalancesEOYAmt0-739244
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0202106
IRS990/OccupancyGrp/TotalAmt0202106
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07606
IRS990/OfficeExpensesGrp/ProgramServicesAmt0125304
IRS990/OfficeExpensesGrp/TotalAmt0132910
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01059216
IRS990/OtherAssetsTotalGrp/EOYAmt01008880
IRS990/OtherChangesInNetAssetsAmt0455685
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020281
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt058206
IRS990/OtherEmployeeBenefitsGrp/TotalAmt078487
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTANENCE
IRS990/OtherExpensesGrp/Desc1DUES & MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/ProgramServicesAmt026463
IRS990/OtherExpensesGrp/ProgramServicesAmt116122
IRS990/OtherExpensesGrp/ProgramServicesAmt26321
IRS990/OtherExpensesGrp/TotalAmt026463
IRS990/OtherExpensesGrp/TotalAmt116122
IRS990/OtherExpensesGrp/TotalAmt26321
IRS990/OtherLiabilitiesGrp/BOYAmt01885667
IRS990/OtherLiabilitiesGrp/EOYAmt01676755
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0126268
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0733268
IRS990/OtherSalariesAndWagesGrp/TotalAmt0859536
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010712
IRS990/PayrollTaxesGrp/ProgramServicesAmt076962
IRS990/PayrollTaxesGrp/TotalAmt087674
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt058631
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt097772
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012284
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt057134
IRS990/PensionPlanContributionsGrp/TotalAmt069418
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08182
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08182
IRS990/PrincipalOfficerNm0JILL COURTNEY
IRS990/PriorPeriodAdjustmentsAmt082704
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0MEDICAL ASSISTANCE
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2FEES FROM PATRONS
IRS990/ProgramServiceRevenueGrp/ExclusionAmt056394
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02579
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11053
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt056394
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12579
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21053
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02349972
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0204
IRS990/PYOtherExpensesAmt0680580
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt043700
IRS990/PYRevenuesLessExpensesAmt0271679
IRS990/PYSalariesCompEmpBnftPaidAmt01441617
IRS990/PYTotalExpensesAmt02122197
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02393876
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-480349
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03632
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0151009
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0130748
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt060397
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0148452
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0208849
IRS990ScheduleD/ExpensesNotReportedAmt0-7230
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0220435
IRS990ScheduleD/ExpensesSubtotalAmt02062070
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0524916
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1483964
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED PENSION OUTFLOWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT-TO-USE EQUIPMENT, NET OF AMORTIZATION
IRS990ScheduleD/OtherExpensesIncludedAmt0-7230
IRS990ScheduleD/OtherExpensesNotIncludedAmt0220435
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0286603
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11390152
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED PENSION INFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01802156
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHANGE IN COMPENSATED ABSENCES PAYABLE -7,230.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DEPRECIATION EXPENSE 220,435.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt060397
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01008880
IRS990ScheduleD/TotalExpensesPerForm990Amt02282505
IRS990ScheduleD/TotalLiabilityAmt01676755
IRS990ScheduleD/TotalRevenuePerForm990Amt01802156
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01802156
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02054840
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/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0SINCE THE CHARTER SCHOOL IS A PUBLIC SCHOOL UNDER MINNESOTA STATUTES, THERE CAN BE NO RACIAL DISCRIMINATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1TEAM ACADEMY RECEIVES FUNDS FROM THE MINNESOTA DEPARTMENT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MANAGEMENT OF THE ORGANIZATION REVIEW THE FORM 990, THEN PRESENT IT TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY COVERS BOARD MEMBERS, EMPLOYES, OFFICERS, AND AGENTS. MANAGEMENT AND THE BOARD OF DIRECTORS MONITOR AND REVIEW ANY POTENTIAL CONFLICTS OF INTEREST ON AN ON-GOING BASIS. IF A CONFLICT EXISTS, THE CONFLICTED INDIVIDUAL CANNOT PARTICIPATE IN SELECTING, AWARDING, OR ADMINISTERING THE CONTRACT INVOLVED. PROCEEDINGS RESULTING FROM A CONFLICT OF INTEREST ARE IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CHANGE IN PENSION LIABILITY 278,813. CHANGE IN LEASE LIABILITY 176,872.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01901436
IRS990/TotalAssetsEOYAmt01582819
IRS990/TotalAssetsGrp/BOYAmt01901436
IRS990/TotalAssetsGrp/EOYAmt01582819
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01740182
IRS990/TotalEmployeeCnt035
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0212274
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02070231
IRS990/TotalFunctionalExpensesGrp/TotalAmt02282505
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02698720
IRS990/TotalLiabilitiesEOYAmt02322063
IRS990/TotalLiabilitiesGrp/BOYAmt02698720
IRS990/TotalLiabilitiesGrp/EOYAmt02322063
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-797284
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-739244
IRS990/TotalOtherCompensationAmt094164
IRS990/TotalProgramServiceExpensesAmt02070231
IRS990/TotalProgramServiceRevenueAmt060026
IRS990/TotalReportableCompFromOrgAmt0354683
IRS990/TotalRevenueGrp/ExclusionAmt058342
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03632
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01802156
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01901436
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01582819
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt06829
IRS990/TravelGrp/TotalAmt06829
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0657689
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0488047
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0220 17TH AVENUE NE
IRS990/USAddress/CityNm0WASECA
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd056093
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.TEAM.K12.MN.US/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JILL COURTNEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR

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.

Open filing
Assets
$1,582,819
Liabilities
$2,322,063
Net assets
-$739,244
Revenue
$1,802,156
Expenses
$2,282,505
Net income
-$480,349
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.90$1.67$0.76$2.07$2.09$0.02
2024Detailed filing. Detailed filing data is available for this year.$1.19$1.93$0.74$1.92$2.23$0.31
2023Detailed filing. Detailed filing data is available for this year.$1.58$2.32$0.74$1.80$2.28$0.48
2022Detailed filing. Detailed filing data is available for this year.$1.90$2.70$0.80$2.39$2.12$0.27
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$2.53$1.15$1.84$1.94$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.48$2.45$0.97$1.77$2.01$0.24
2019Detailed filing. Detailed filing data is available for this year.$1.94$2.70$0.76$1.77$1.48$0.30
2018Detailed filing. Detailed filing data is available for this year.$2.36$3.42$1.06$1.81$2.18$0.36
2017Detailed filing. Detailed filing data is available for this year.$2.75$3.41$0.67$1.76$2.18$0.42
2016Detailed filing. Detailed filing data is available for this year.$0.97$1.22$0.25$1.74$1.73$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.90$1.16$0.25$1.73$2.64$0.91
2014Detailed filing. Detailed filing data is available for this year.$0.79$0.13$0.66$1.48$1.45$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.14$0.63$1.46
2012Summary only. Only limited summary data is available for this year.$0.57$0.21$0.36$1.51$1.48$0.03
2011Summary only. Only limited summary data is available for this year.$0.52$0.19$0.33$1.47$1.36$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.26$0.23$1.36