Civic Intelligence

Seven Hills Preparatory Academy

990 • Fiscal year 2013 • EIN 20-3107105

Jul 01, 2012 to Jun 30, 2013 • Filed on Apr 30, 2014

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

61st percentile

0.22x

Higher debt load relative to assets than 61% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

5th percentile

-23%

Faster asset growth than 5% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$1,110,840

Down $327,878 (-23%) from 2012

Net Assets

Up

$864,950

Up $58,139 (+7.2%) from 2012

Liabilities

Down

$245,890

Down $386,017 (-61%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$4,272,362

Up $206,728 (+5.1%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth5th 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

2013

Assets$1,110,840
Liabilities$245,890
Net Assets$864,950
Open 2013 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

2013

Revenue-
Expenses$4,272,362
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Apr 30, 2014
Return Version
2012v2.1
Gross Receipts
$4,330,501
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
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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, assertion, responsibility, empathy and self-control. The Academy served 435 students in grades K-5.
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IRS990ScheduleD/Form990ScheduleDPartXIII/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, 2013.
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0The School's Nondiscriminatory Policy is listed on the website and in all recruitment and enrollment materials.
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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 now 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 related organization compensation by SHCA.
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 2013 was the Friends of Education.
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IRS990ScheduleO/GeneralExplanation/Identifier2RELATED ORGANIZATION COMPENSATION:
IRS990ScheduleO/GeneralExplanation/Identifier3AUTHORIZER
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:
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/BOY01438718
IRS990/TotalAssetsBOY01438718
IRS990/TotalAssets/EOY01110840
IRS990/TotalAssetsEOY01110840
IRS990/TotalCompGT150K00
IRS990/TotalContributions0554003
IRS990/TotalExpensesCurrentYear04272362
IRS990/TotalExpensesPriorYear04065634
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral0671041
IRS990/TotalFunctionalExpenses/ProgramServices03601321
IRS990/TotalFunctionalExpenses/Total04272362
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY0631907
IRS990/TotalLiabilitiesBOY0631907
IRS990/TotalLiabilities/EOY0245890

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,110,840
Liabilities
$245,890
Net assets
$864,950
Revenue
-
Expenses
$4,272,362
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