Civic Intelligence

Seven Hills Preparatory Academy

990 • Fiscal year 2012 • EIN 20-3107105

Jul 01, 2011 to Jun 30, 2012 • Filed on Feb 16, 2013

Organization ProfileSEVENHILLSPREPARATORYACADEMY.ORG
8600 Bloomington Avenue South55425
Siviq Scores

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

Liabilities / Assets

74th percentile

0.44x

Higher debt load relative to assets than 74% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

20th percentile

-5.6%

Faster asset growth than 20% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$1,438,718

Down $85,786 (-5.6%) from 2011

Net Assets

Down

$806,811

Down $24,128 (-2.9%) from 2011

Liabilities

Down

$631,907

Down $61,658 (-8.9%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$4,065,634

Down $79,273 (-1.9%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$20M$10M$0-$10MAssets 2011: $1,524,504Liabilities 2011: $693,565Net Assets 2011: $830,9392011Assets 2012: $1,438,718Liabilities 2012: $631,907Net Assets 2012: $806,8112012Assets 2013: $1,110,840Liabilities 2013: $245,890Net Assets 2013: $864,9502013Assets 2014: $1,295,623Liabilities 2014: $249,151Net Assets 2014: $1,046,4722014Assets 2015: $2,941,212Liabilities 2015: $4,337,297Net Assets 2015: -$1,396,0852015Assets 2016: $2,843,729Liabilities 2016: $4,520,693Net Assets 2016: -$1,676,9642016Assets 2017: $11,624,981Liabilities 2017: $15,443,373Net Assets 2017: -$3,818,3922017Assets 2018: $10,787,747Liabilities 2018: $16,624,412Net Assets 2018: -$5,836,6652018Assets 2019: $10,626,415Liabilities 2019: $15,190,593Net Assets 2019: -$4,564,1782019Assets 2020: $9,231,780Liabilities 2020: $14,717,896Net Assets 2020: -$5,486,1162020Assets 2021: $10,099,712Liabilities 2021: $15,706,883Net Assets 2021: -$5,607,1712021Assets 2022: $12,008,176Liabilities 2022: $16,736,334Net Assets 2022: -$4,728,1582022Assets 2023: $11,016,543Liabilities 2023: $14,870,078Net Assets 2023: -$3,853,5352023Assets 2024: $9,443,577Liabilities 2024: $13,556,791Net Assets 2024: -$4,113,2142024

Highlighted filing

2012

Assets$1,438,718
Liabilities$631,907
Net Assets$806,811
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $4,357,406Expenses 2011: $4,144,907Net Income 2011: $212,4992011Expenses 2012: $4,065,6342012Expenses 2013: $4,272,3622013Revenue 2014: $4,887,716Expenses 2014: $4,706,194Net Income 2014: $181,5222014Revenue 2015: $7,351,871Expenses 2015: $7,189,014Net Income 2015: $162,8572015Revenue 2016: $8,114,389Expenses 2016: $8,395,268Net Income 2016: -$280,8792016Revenue 2017: $9,449,344Expenses 2017: $11,590,772Net Income 2017: -$2,141,4282017Revenue 2018: $10,628,778Expenses 2018: $12,654,601Net Income 2018: -$2,025,8232018Revenue 2019: $11,635,077Expenses 2019: $10,362,590Net Income 2019: $1,272,4872019Revenue 2020: $12,840,125Expenses 2020: $13,762,063Net Income 2020: -$921,9382020Revenue 2021: $13,694,852Expenses 2021: $13,251,507Net Income 2021: $443,3452021Revenue 2022: $15,420,403Expenses 2022: $15,094,152Net Income 2022: $326,2512022Revenue 2023: $16,407,918Expenses 2023: $16,219,727Net Income 2023: $188,1912023Revenue 2024: $17,831,822Expenses 2024: $17,794,760Net Income 2024: $37,0622024

Highlighted filing

2012

Revenue-
Expenses$4,065,634
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Feb 16, 2013
Return Version
2011v1.5
Gross Receipts
$4,041,506
Mission and Program Overview

Mission

Shpa engages students in a rigorous classical education, designed to prepare each one for strong citizenship and life-long learning.

Filing and Contact Details

Filer

EIN
20-3107105
Raw XML AppendixShowing 400 of 467 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/AccountantCompileOrReview00
IRS990/AccountsPayableAccruedExpenses/BOY0391440
IRS990/AccountsPayableAccruedExpenses/EOY0262357
IRS990/AccountsReceivable/BOY01273281
IRS990/AccountsReceivable/EOY01337851
IRS990/ActivitiesConductedPartnership00
IRS990/ActivityOrMissionDescription0Provide a classical education to students that promotes strong Citzenship and life-long learning
IRS990/AddressPrincipalOfficerUS/AddressLine108600 Bloomington Avenue South
IRS990/AddressPrincipalOfficerUS/City0Bloomington
IRS990/AddressPrincipalOfficerUS/State0MN
IRS990/AddressPrincipalOfficerUS/ZIPCode055425
IRS990/AllOtherContributions013148
IRS990/AllOtherExpenses/ManagementAndGeneral0424
IRS990/AllOtherExpenses/Total0424
IRS990/AnnualDisclosureCoveredPersons01
IRS990/AuditCommittee01
IRS990/BenefitsPaidToMembersCY00
IRS990/BenefitsPaidToMembersPriorYear03521
IRS990/BsnssRltnshpThruFamilyMember00
IRS990/BsnssRltnshpWithOrganization00
IRS990/CapStckTrstPrinCurrentFunds/BOY0814042
IRS990/CapStckTrstPrinCurrentFunds/EOY0762277
IRS990/CashNonInterestBearing/BOY026555
IRS990/CashNonInterestBearing/EOY026555
IRS990/ChangesToOrganizingDocs00
IRS990/CollectionsOfArt00
IRS990/CompCurrentOfficersDirectors/ManagementAndGeneral090000
IRS990/CompCurrentOfficersDirectors/ProgramServices0160463
IRS990/CompCurrentOfficersDirectors/Total0250463
IRS990/CompensationFromOtherSources00
IRS990/CompensationProcessCEO01
IRS990/CompensationProcessOther01
IRS990/ComplianceWithBackupWitholding01
IRS990/ConferencesMeetings/ManagementAndGeneral016802
IRS990/ConferencesMeetings/ProgramServices013712
IRS990/ConferencesMeetings/Total030514
IRS990/ConflictOfInterestPolicy01
IRS990/ConservationEasements00
IRS990/ConsolidatedAuditFinancialStmt00
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/AddressLine101743 W County Road C
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/City0Roseville
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/State0MN
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/ZIPCode055113
IRS990/ContractorCompensation/Compensation0312257
IRS990/ContractorCompensation/DescriptionOfServices0Student Bussing
IRS990/ContractorCompensation/NameOfContractor/NameBusiness/BusinessNameLine10Monarch Bus Service
IRS990/ContributionsGrantsCurrentYear0520679
IRS990/ContributionsGrantsPriorYear0487353
IRS990/CreditCounseling00
IRS990/DecisionsSubjectToApproval00
IRS990/DeductibleContributionsOfArt00
IRS990/DeductibleNonCashContributions00
IRS990/DeferredRevenue/BOY02125
IRS990/DeferredRevenue/EOY019550
IRS990/DelegationOfManagementDuties00
IRS990/DepreciationDepletion/ManagementAndGeneral01747
IRS990/DepreciationDepletion/ProgramServices013652
IRS990/DepreciationDepletion/Total015399
IRS990/DescribedIn501C301
IRS990/Description0Seven Hills Classical Academy provides students with a classical education in an academically rigorous environment designed to promote strong citizenship and life-long learning. Recognizing that all students have a right to pursue academic and personal excellence, Seven Hills Classical Academy challenges students by: Providing a caring and structured small-school environment; Maintaining high expectations of students, staff, and the community; Inspiring critical thinking, creativity, and an appreciation for beauty through active implementation of the Core Knowledge curriculum; Promoting a strong value system that embraces caring, assertiveness, responsibility, empathy and self-control. The Academy served 421 students in grades K-5.
IRS990/DisregardedEntity00
IRS990/DistributionToDonor00
IRS990/DocumentRetentionPolicy01
IRS990/DonorAdvisedFunds00
IRS990/DoNotFollowSFAS1170X
IRS990/ElectionOfBoardMembers00
IRS990/EmploymentTaxReturnsFiled01
IRS990/ExcessBenefitTransaction00
IRS990/ExcessBusinessHoldings00
IRS990/Expense03336294
IRS990/FamilyOrBusinessRelationship00
IRS990/FederalGrantAuditRequired00
IRS990/FeesForServicesAccounting/ManagementAndGeneral078480
IRS990/FeesForServicesAccounting/Total078480
IRS990/FeesForServicesLegal/ManagementAndGeneral019592
IRS990/FeesForServicesLegal/Total019592
IRS990/FeesForServicesOther/ManagementAndGeneral0168084
IRS990/FeesForServicesOther/ProgramServices0192442
IRS990/FeesForServicesOther/Total0360526
IRS990/FinancialStatementSeparate0X
IRS990/ForeignActivities00
IRS990/ForeignFinancialAccount00
IRS990/ForeignOffice00
IRS990/Form1098CFiled00
IRS990/Form8282PropertyDisposedOf00
IRS990/Form8899Filed00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek010.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek110.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek210.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek310.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek440.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek510.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek640.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek740.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek810.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek940.00
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector0X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector1X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector2X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector3X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector4X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector5X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector6X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector7X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector8X
IRS990/Form990PartVIISectionA/NamePerson0John Rimstad
IRS990/Form990PartVIISectionA/NamePerson1Russel Rosckes
IRS990/Form990PartVIISectionA/NamePerson2John Thomson
IRS990/Form990PartVIISectionA/NamePerson3Kim Hubertus
IRS990/Form990PartVIISectionA/NamePerson4Heather Burfeind
IRS990/Form990PartVIISectionA/NamePerson5Bryan Quevli
IRS990/Form990PartVIISectionA/NamePerson6Claire Emery
IRS990/Form990PartVIISectionA/NamePerson7Sarah Gleason
IRS990/Form990PartVIISectionA/NamePerson8Belinda Caspari
IRS990/Form990PartVIISectionA/NamePerson9Alice Woog
IRS990/Form990PartVIISectionA/Officer0X
IRS990/Form990PartVIISectionA/Officer1X
IRS990/Form990PartVIISectionA/Officer2X
IRS990/Form990PartVIISectionA/Officer3X
IRS990/Form990PartVIISectionA/Officer4X
IRS990/Form990PartVIISectionA/OtherCompensation00
IRS990/Form990PartVIISectionA/OtherCompensation10
IRS990/Form990PartVIISectionA/OtherCompensation20
IRS990/Form990PartVIISectionA/OtherCompensation30
IRS990/Form990PartVIISectionA/OtherCompensation42787
IRS990/Form990PartVIISectionA/OtherCompensation50
IRS990/Form990PartVIISectionA/OtherCompensation63127
IRS990/Form990PartVIISectionA/OtherCompensation72420
IRS990/Form990PartVIISectionA/OtherCompensation80
IRS990/Form990PartVIISectionA/OtherCompensation90
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization00
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization10
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization20
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization30
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization445463
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization50
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization651060
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization739505
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization80
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization947500
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs60
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs70
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs80
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs90
IRS990/Form990PartVIISectionA/Title0Board Chair
IRS990/Form990PartVIISectionA/Title1Director
IRS990/Form990PartVIISectionA/Title2Director
IRS990/Form990PartVIISectionA/Title3Treasurer
IRS990/Form990PartVIISectionA/Title4Director
IRS990/Form990PartVIISectionA/Title5Vice Chair
IRS990/Form990PartVIISectionA/Title6Director
IRS990/Form990PartVIISectionA/Title7Director
IRS990/Form990PartVIISectionA/Title8Secretary
IRS990/Form990PartVIISectionA/Title9Executive Director
IRS990/Form990ProvidedToGoverningBody01
IRS990/FormersListed00
IRS990/FSAudited01
IRS990/FundraisingActivities00
IRS990/FundsToPayPremiums00
IRS990/Gaming00
IRS990/GovernmentGrants0507531
IRS990/GrantsAndSimilarAmntsCY00
IRS990/GrantsAndSimilarAmntsPriorYear00
IRS990/GrantsToIndividuals00
IRS990/GrantsToOrganizations00
IRS990/GrantToRelatedPerson00
IRS990/GrossReceipts04041506
IRS990/GroupReturnForAffiliates00
IRS990/Hospital00
IRS990/IndependentAuditFinancialStmt01
IRS990/IndoorTanningServices00
IRS990/InfoInScheduleOPartVI0X
IRS990/InfoInScheduleOPartXII0X
IRS990/InformationTechnology/ManagementAndGeneral06349
IRS990/InformationTechnology/ProgramServices037018
IRS990/InformationTechnology/Total043367
IRS990/Insurance/ManagementAndGeneral012100
IRS990/Insurance/Total012100
IRS990/Interest/ManagementAndGeneral03194
IRS990/Interest/Total03194
IRS990/InvestmentIncomeCurrentYear092
IRS990/InvestmentIncome/ExclusionAmount092
IRS990/InvestmentIncomePriorYear0134
IRS990/InvestmentIncome/TotalRevenueColumn092
IRS990/InvestmentInJointVenture00
IRS990/LandBldgEquipmentAccumDeprec0111570
IRS990/LandBuildingsEquipmentBasis0156104
IRS990/LandBuildingsEquipmentBasisNet/BOY016897
IRS990/LandBuildingsEquipmentBasisNet/EOY044534
IRS990/LoanToOfficerOrDQP00
IRS990/LobbyingActivities00
IRS990/LocalChapters00
IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders00
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0Seven Hills Classical Academy provides students with a classical education in an academically rigorous environment, designed to promote strong citizenship and life-long learning.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/MortNotesPyblSecuredInvestProp/BOY0300000
IRS990/MortNotesPyblSecuredInvestProp/EOY0350000
IRS990/NameOfPrincipalOfficerPerson0Alice Woog
IRS990/NbrIndependentVotingMembers05
IRS990/NbrVotingGoverningBodyMembers08
IRS990/NbrVotingMembersGoverningBody08
IRS990/NetAssetsOrFundBalancesBOY0830939
IRS990/NetAssetsOrFundBalancesEOY0806811
IRS990/NetUnrelatedBusinessTxblIncome00
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith1096013
IRS990/NumberIndependentVotingMembers05
IRS990/NumberIndividualsGT100K00
IRS990/NumberOfContractorsGT100K01
IRS990/NumberOfEmployees071
IRS990/NumberW2GIncluded00
IRS990/Occupancy/ManagementAndGeneral032191
IRS990/Occupancy/ProgramServices0611357
IRS990/Occupancy/Total0643548
IRS990/OfficeExpenses/ManagementAndGeneral053840
IRS990/OfficeExpenses/ProgramServices0158140
IRS990/OfficeExpenses/Total0211980
IRS990/OfficerEntityWithBsnssRltnshp00
IRS990/OfficerMailingAddress00
IRS990/Organization501c30X
IRS990/OtherEmployeeBenefits/ManagementAndGeneral014396
IRS990/OtherEmployeeBenefits/ProgramServices0207442
IRS990/OtherEmployeeBenefits/Total0221838
IRS990/OtherExpensePriorYear01768916
IRS990/OtherExpensesCurrentYear01767691
IRS990/OtherExpenses/Description0Transportation
IRS990/OtherExpenses/Description1Food
IRS990/OtherExpenses/Description2Field Trips
IRS990/OtherExpenses/Description3Milk
IRS990/OtherExpenses/ManagementAndGeneral07197
IRS990/OtherExpenses/ProgramServices0242734
IRS990/OtherExpenses/ProgramServices178925
IRS990/OtherExpenses/ProgramServices29540
IRS990/OtherExpenses/Total0242734
IRS990/OtherExpenses/Total178925
IRS990/OtherExpenses/Total29540
IRS990/OtherExpenses/Total37197
IRS990/OtherRevenueCurrentYear00
IRS990/OtherRevenuePriorYear00
IRS990/OtherSalariesAndWages/ManagementAndGeneral0205020
IRS990/OtherSalariesAndWages/ProgramServices01375319
IRS990/OtherSalariesAndWages/Total01580339
IRS990/PaidInCapSrplsLandBldgEqpFund/BOY016897
IRS990/PaidInCapSrplsLandBldgEqpFund/EOY044534
IRS990/PartialLiquidation00
IRS990/PaymentsToAffiliates/ManagementAndGeneral02293
IRS990/PaymentsToAffiliates/ProgramServices07777
IRS990/PaymentsToAffiliates/Total010070
IRS990/PayrollTaxes/ManagementAndGeneral012783
IRS990/PayrollTaxes/ProgramServices0124055
IRS990/PayrollTaxes/Total0136838
IRS990/PensionPlanContributions/ManagementAndGeneral04747
IRS990/PensionPlanContributions/ProgramServices0103718
IRS990/PensionPlanContributions/Total0108465
IRS990/PoliticalActivities00
IRS990/PremiumsPaid00
IRS990/PrepaidExpensesDeferredCharges/BOY03066
IRS990/PrepaidExpensesDeferredCharges/EOY025550
IRS990/PriorExcessBenefitTransaction00
IRS990/ProfessionalFundraising00
IRS990/ProgramServiceRevenue/BusinessCode0611710
IRS990/ProgramServiceRevenue/BusinessCode1611710
IRS990/ProgramServiceRevenueCY03520735
IRS990/ProgramServiceRevenue/Description0Federal and State Sour
IRS990/ProgramServiceRevenue/Description1Other Educational Purp
IRS990/ProgramServiceRevenuePriorYear03869919
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome03166322
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome1354413
IRS990/ProgramServiceRevenue/TotalRevenueColumn03166322
IRS990/ProgramServiceRevenue/TotalRevenueColumn1354413
IRS990/ProhibitedTaxShelterTrans00
IRS990/QuidProQuoContributions00
IRS990/ReconcilationOtherChanges00
IRS990/ReconcilationRevenueExpenses0-24128
IRS990/RegularMonitoringEnforcement01
IRS990/RelatedEntity00
IRS990/RelatedOrgControlledEntity00
IRS990/ReportFin48Footnote01
IRS990/ReportInvestOthSecurities00
IRS990/ReportLandBldgEquip01
IRS990/ReportOtherAssets00
IRS990/ReportOtherLiabilities00
IRS990/ReportProgRelInvest00
IRS990/RetainedEarningsEndowmentEtc/BOY00
IRS990/RetainedEarningsEndowmentEtc/EOY00
IRS990/Revenue03520735
IRS990/RevenuesLessExpensesCY0-24128
IRS990/RevenuesLessExpensesPriorYear0212499
IRS990/SalariesEtcCurrentYear02297943
IRS990/SalariesEtcPriorYear02372470
IRS990/SavingsAndTempCashInvestments/BOY0204705
IRS990/SavingsAndTempCashInvestments/EOY04228
IRS990ScheduleA/School170b1Aii0X
IRS990/ScheduleBRequired00
IRS990ScheduleD/Equipment/BookValue044534
IRS990ScheduleD/Equipment/Depreciation0111570
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis0156104
IRS990ScheduleD/ExcessOrDeficitForYear0-24128
IRS990ScheduleD/ExcessOrDeficitPerFS0-24128
IRS990ScheduleD/ExpensesNotRptdF99000
IRS990ScheduleD/ExpensesNotRptdOnFinStmt00
IRS990ScheduleD/ExpensesSubtotal04065634
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0The Academy is exempt from federal and state income taxes under Internal Revenue Code 501(c)(3) and 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, 2012.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0Description of Uncertain Tax Positions Under FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0Part X:
IRS990ScheduleD/RevenueNotRptdF99000
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal04041506
IRS990ScheduleD/TotalExpenses04065634
IRS990ScheduleD/TotalExpensesPerForm99004065634
IRS990ScheduleD/TotalOfBookValueLandBuildings044534
IRS990ScheduleD/TotalRevenue04041506
IRS990ScheduleD/TotalRevenuePerForm99004041506
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt04065634
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt04041506
IRS990ScheduleE/ComplianceWithRevProc755001
IRS990ScheduleE/DiscriminateRaceAdmissPolicies00
IRS990ScheduleE/DiscriminateRaceAthleticProg00
IRS990ScheduleE/DiscriminateRaceEducPolicies00
IRS990ScheduleE/DiscriminateRaceEmplmnFaculty00
IRS990ScheduleE/DiscriminateRaceOtherActy00
IRS990ScheduleE/DiscriminateRaceScholarships00
IRS990ScheduleE/DiscriminateRaceStudentsRights00
IRS990ScheduleE/DiscriminateRaceUseOfFclts00
IRS990ScheduleE/Form990ScheduleEPartII/Explanation0The School's Nondiscriminatory Policy is listed on the website and in all recruitment and enrollment materials.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation1The school receives federal and state funding.
IRS990ScheduleE/Form990ScheduleEPartII/Identifier0Explanation of Nondiscriminatory Policy Publication
IRS990ScheduleE/Form990ScheduleEPartII/Identifier1Explanation of Government Financial Assistance
IRS990ScheduleE/Form990ScheduleEPartII/ReturnReference0Schedule E, Part I, Line 3
IRS990ScheduleE/Form990ScheduleEPartII/ReturnReference1Schedule E, Part I, Line 6
IRS990ScheduleE/GovernmentFinancialAidReceived01
IRS990ScheduleE/GovernmentFinancialAidRevoked00
IRS990ScheduleE/MaintCopiesOfAllSolicitations01
IRS990ScheduleE/MaintCopiesOfBrochuresEtc01
IRS990ScheduleE/MaintRacialCompositionRecords01
IRS990ScheduleE/MaintScholarshipsRecords01
IRS990ScheduleE/NondiscriminatoryPolicyStmt01
IRS990ScheduleE/PolicyPublViaBroadcastMedia01
IRS990ScheduleE/PolicyStatementInBrochuresEtc01
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0The Form 990 is prepared by an independent accounting firm and reviewed by the school's contracted finance manager prior to submission to the IRS. The entire board approves the complete 990.
IRS990ScheduleO/GeneralExplanation/Explanation1All Directors and Officers are required to submit an annual statement that discloses any relationships that may give rise to potential conflicts of interest. The Board of Directors and School Administrators complete required training on what may constitute a conflict of interest and both review the conflict of interest annual statements and conflicts that arise during the year. Any Director who has a potential conflict of interest in a transaction that is being contemplated by the Board, or how has a relationship with any person who may be involved in such a transaction, must fully disclose to the board the existence of the interest or relationship. Individuals with potential conflicts of interest may not participate in the discussion nor the vote on the transaction. All proceedings related to conflicts of interest are noted in the meeting minutes.
IRS990ScheduleO/GeneralExplanation/Explanation2The board conducts a comprehensive review of the compensation of superintendents and principals of area charter schools and developed a rubric of professional competence and pay and rated the Executive Director in each area; compensation was determined using this scale.
IRS990ScheduleO/GeneralExplanation/Explanation3The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/GeneralExplanation/Explanation4A Finance Committee in in charge of reviewing the audit reports and selection of an independent accountant prior to final approval by the Board. This process has not changed from the prior year.
IRS990ScheduleO/GeneralExplanation/Explanation5Kim Hubertus is the treasurer/CFO and is considered a non voting member due to the CFO designation.
IRS990ScheduleO/GeneralExplanation/Explanation6Several board members teach at the academy and therefore are not considered independent. Minnesota State statute 124D.10 Subd. 4.(g) requires school boards to have at least one employed or contracted teacher serving on the board.
IRS990ScheduleO/GeneralExplanation/Explanation7Made an effort to obtain information on compensation, if any, was paid from a related organization. No response received and no transsactions noted.
IRS990ScheduleO/GeneralExplanation/Explanation8The 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 2012 was the Friends of Education.
IRS990ScheduleO/GeneralExplanation/Explanation9In the prior year the Schedule J was completed for individuals that were paid by Beason Preparatory School. These payments were paid to Seven Hills Classical Academy and used to pay the individuals wages. The payments were not related to services performed at the organization (Seven Hills Classical Academy), but for services done for the Beacon Preparatory School. Information about the transaction is provided below: During fiscal year 2012, the Academy was contracted by Beacon Preparatory School to provide personnel, transportation services, and lunch services. Contracted services include those of administrative assistants, office manager, nurse, food service coordinator, teachers, transportation services, and lunch services. Total costs for services for the year ended June 30, 2012 were $170,301. At June 30, 2012, the Academy has a receivable from this unrelated party totaling $13,592.
IRS990ScheduleO/GeneralExplanation/Identifier0Selection of Independent Accountant
IRS990ScheduleO/GeneralExplanation/Identifier1Non voting member
IRS990ScheduleO/GeneralExplanation/Identifier2RELATED ORGANIZATION COMPENSATION:
IRS990ScheduleO/GeneralExplanation/Identifier3AUTHORIZOR
IRS990ScheduleO/GeneralExplanation/Identifier4Beacon Preparatory School Compensation
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part XII, Line 2c
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Section A, line 1
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, part VI, Section A, LINE 1B:
IRS990ScheduleO/GeneralExplanation/ReturnReference7Form 990, Schedule J, Part III
IRS990/ScheduleORequired01
IRS990/School01
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MN
IRS990/StatesWhereCopyOfReturnIsFiled0MN
IRS990/SubjectToProxyTax00
IRS990/TaxableDistributions00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1022488 Chippendale Avenue West
IRS990/TheBooksAreInCareOf/AddressUS/City0Farmington
IRS990/TheBooksAreInCareOf/AddressUS/State0MN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode055024
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10Beltz Kes Darling & Associates
IRS990/TheBooksAreInCareOf/TelephoneNumber06514632233
IRS990/TotalAssets/BOY01524504
IRS990/TotalAssetsBOY01524504
IRS990/TotalAssets/EOY01438718
IRS990/TotalAssetsEOY01438718
IRS990/TotalCompGT150K00
IRS990/TotalContributions0520679
IRS990/TotalExpensesCurrentYear04065634
IRS990/TotalExpensesPriorYear04144907

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,438,718
Liabilities
$631,907
Net assets
$806,811
Revenue
-
Expenses
$4,065,634
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.44$13.6$4.11$17.8$17.8$0.04
2023Detailed filing. Detailed filing data is available for this year.$11.0$14.9$3.85$16.4$16.2$0.19
2022Detailed filing. Detailed filing data is available for this year.$12.0$16.7$4.73$15.4$15.1$0.33
2021Detailed filing. Detailed filing data is available for this year.$10.1$15.7$5.61$13.7$13.3$0.44
2020Detailed filing. Detailed filing data is available for this year.$9.23$14.7$5.49$12.8$13.8$0.92
2019Detailed filing. Detailed filing data is available for this year.$10.6$15.2$4.56$11.6$10.4$1.27
2018Detailed filing. Detailed filing data is available for this year.$10.8$16.6$5.84$10.6$12.7$2.03
2017Detailed filing. Detailed filing data is available for this year.$11.6$15.4$3.82$9.45$11.6$2.14
2016Detailed filing. Detailed filing data is available for this year.$2.84$4.52$1.68$8.11$8.40$0.28
2015Summary only. Only limited summary data is available for this year.$2.94$4.34$1.40$7.35$7.19$0.16
2014Detailed filing. Detailed filing data is available for this year.$1.30$0.25$1.05$4.89$4.71$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.25$0.86$4.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.63$0.81$4.07
2011Summary only. Only limited summary data is available for this year.$1.52$0.69$0.83$4.36$4.14$0.21