Civic Intelligence

Psa Building Company

990 • Fiscal year 2017 • EIN 20-5892795

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 26, 2018

Organization ProfileN/A
6200 West Broadway Avenue NorthBrooklyn Park, MN 55428

(763) 450-1388

Siviq Scores

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

Liabilities / Assets

95th percentile

1.12x

Higher debt load relative to assets than 95% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

11.12x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

76th percentile

17%

Higher net margin than 76% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

40th percentile

$147,366

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

28th percentile

-0.9%

Faster asset growth than 28% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

14th percentile

-13%

Faster revenue growth than 14% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$15,199,230

Down $144,062 (-0.9%) from 2016

Net Assets

Up

-$1,831,046

Up $265,850 (+13%) from 2016

Liabilities

Down

$17,030,276

Down $409,912 (-2.4%) from 2016

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin76th percentile

Revenue

Down

$1,531,577

Down $231,840 (-13%) from 2016

Expenses

Up

$1,265,727

Up $142,842 (+13%) from 2016

Net Income

Down

$265,850

Down $374,682 (-58%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$20M$10M$0-$10MAssets 2010: $14,955,158Liabilities 2010: $16,949,662Net Assets 2010: -$1,994,5042010Assets 2011: $14,309,223Liabilities 2011: $16,245,500Net Assets 2011: -$1,936,2772011Assets 2012: $14,040,599Liabilities 2012: $16,114,453Net Assets 2012: -$2,073,8542012Assets 2013: $13,610,326Liabilities 2013: $15,959,979Net Assets 2013: -$2,349,6532013Assets 2014: $13,343,566Liabilities 2014: $15,792,666Net Assets 2014: -$2,449,1002014Assets 2015: $14,948,887Liabilities 2015: $17,686,315Net Assets 2015: -$2,737,4282015Assets 2016: $15,343,292Liabilities 2016: $17,440,188Net Assets 2016: -$2,096,8962016Assets 2017: $15,199,230Liabilities 2017: $17,030,276Net Assets 2017: -$1,831,0462017Assets 2018: $15,076,869Liabilities 2018: $16,738,672Net Assets 2018: -$1,661,8032018Assets 2019: $14,993,809Liabilities 2019: $16,294,599Net Assets 2019: -$1,300,7902019Assets 2020: $14,767,914Liabilities 2020: $15,903,886Net Assets 2020: -$1,135,9722020Assets 2021: $14,591,336Liabilities 2021: $15,392,454Net Assets 2021: -$801,1182021Assets 2022: $14,352,754Liabilities 2022: $15,055,313Net Assets 2022: -$702,5592022Assets 2023: $14,196,677Liabilities 2023: $14,624,106Net Assets 2023: -$427,4292023Assets 2024: $15,453,512Liabilities 2024: $15,499,614Net Assets 2024: -$46,1022024

Highlighted filing

2017

Assets$15,199,230
Liabilities$17,030,276
Net Assets-$1,831,046
Open 2017 Filing

Operations Trend

Revenue Growth14th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,264,9472010Revenue 2011: $1,835,815Expenses 2011: $1,777,588Net Income 2011: $58,2272011Expenses 2012: $1,770,2892012Expenses 2013: $1,723,2272013Revenue 2014: $1,614,427Expenses 2014: $1,713,877Net Income 2014: -$99,4502014Revenue 2015: $1,582,378Expenses 2015: $1,870,706Net Income 2015: -$288,3282015Revenue 2016: $1,763,417Expenses 2016: $1,122,885Net Income 2016: $640,5322016Revenue 2017: $1,531,577Expenses 2017: $1,265,727Net Income 2017: $265,8502017Revenue 2018: $1,550,641Expenses 2018: $1,381,398Net Income 2018: $169,2432018Revenue 2019: $1,592,100Expenses 2019: $1,231,087Net Income 2019: $361,0132019Revenue 2020: $1,416,204Expenses 2020: $1,251,386Net Income 2020: $164,8182020Revenue 2021: $1,560,300Expenses 2021: $1,225,446Net Income 2021: $334,8542021Revenue 2022: $1,380,247Expenses 2022: $1,281,688Net Income 2022: $98,5592022Revenue 2023: $1,481,766Expenses 2023: $1,206,636Net Income 2023: $275,1302023Revenue 2024: $1,545,465Expenses 2024: $1,164,138Net Income 2024: $381,3272024

Highlighted filing

2017

Revenue$1,531,577
Expenses$1,265,727
Net Income$265,850
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 26, 2018
Return Version
2016v3.0
Gross Receipts
$1,531,577
Mission and Program Overview

Mission

Manage a building for lease to its beneficiary organization Prairie Seeds Academy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,436,278$10,225,108▼ $211,170
Savings and Temporary Cash Investments$1,964,313$2,179,584▲ $215,271
Cash and Non-Interest-Bearing Accounts$207,551$178,851▼ $28,700
Cap Stk Tr Prin Current Funds$205,490$177,941▼ $27,549
Accounts Receivable-$763-
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$-2,302,386$-2,008,987▲ $293,399
Total Assets$15,343,292$15,199,230▼ $144,062
Other Assets Total$2,735,150$2,614,924▼ $120,226
Liabilities
Mortgage Notes Payable Secured by Investment Property$17,299,133$16,889,611▼ $409,522
Accounts Payable and Accrued Expenses$141,055$138,992▼ $2,063
Other Liabilities$0$1,673▲ $1,673
Total Liabilities$17,440,188$17,030,276▼ $409,912
Net Assets / Fund Balance
Total Net Assets Fund Balance$-2,096,896$-1,831,046▲ $265,850
Total Liabilities and Net Assets / Fund Balance$15,343,292$15,199,230▼ $144,062

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,940,108$1,555,599$10,495,707
Land$1,285,000-$1,285,000
Other Assets Org$2,614,924--
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleOtherTotal
Cha Ger YangCEO$147,366$147,366
DeGune LeeChair$81,920$81,920
Melinda Hansen-LomenVice Chair$67,136$67,136
Jeffery CulpSecretary/Treasurer$51,011$51,011
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,528,829
Investment Income
$2,748
Other Revenue
$0
Change in Net Assets
$265,850

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,762
Revenue Not Reported on Financial Statements
$1,528,815
Revenue Not Reported on Form 990
$10,306,606
Other Revenue Adjustments
$1,528,815
Total Revenue per Audited Statements
$10,309,368
Total Revenue per Form 990
$1,531,577
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,265,727
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$987,554--$987,554
Depreciation Depletion$211,170--$211,170
Fees for Services Other$2,000$35,697-$37,697
Insurance$16,306--$16,306
Fees for Services Accounting-$13,000-$13,000
Total Functional Expenses$1,217,030$48,697$0$1,265,727

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Form 990$11,753,733
Total Expenses per Audited Statements$11,490,643
Expenses Not Reported on Financial Statements$1,528,817
Other Expense Adjustments$1,528,817
Total Expenses per Form 990$1,265,727
Expenses per Audited Statements$-263,090
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
Due to other funds$1,673

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Brooklyn Park2015-05-28$17,845,000Refinance bonds issued 3/31/2009

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$17,711,172-$510,000$359,315

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

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

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

“Board members are required to annually report any potential conflicts of interest that may occur. Any potential conflicts are identified and resolved.”

Form 990, Part VI, Section C, line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Form 990, Part VII, Line 1A

“Related Organization Hours DeGune Lee also works as the Dean for a related organization, Prairie Seeds Academy, an average of 40 hours per week. Melinda Hansen and Jeffrey Culp work as teachers for a related organization, Prairie Seeds Academy, an average of 40 hours per week. Cha Ger Yang works as the CEO for a related organization, Prairie Seeds Academy, an average of 40 hours per week.”

Form 990, Part VI, Section A, Line 18

“Independent Board Members There are three members of the board that are not considered independent due to receiving compensation from a related organization, Prairie Seeds Academy.”

Filing and Contact Details

Filer

Filer Name
PSA Building Company
EIN
20-5892795
Phone
7634501388
Address
6200 West Broadway Avenue North, Brooklyn Park, MN 55428

Signing Officer

Name
Ger Cha Yang
Title
Chief Executive Officer
Phone
7634501388
Signed
2018-02-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ger Cha Yang
Formed
2007
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Malloy Montague Karnowski Radosevich
Address
5353 Wayzata Blvd Suite 410, Minneapolis, MN 55426
Preparer
Thomas A Karnowski
Phone
9525450424
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“Independent Auditor The Board assumes responsibility of oversight of the audit of its financial statements and selection of an independent accountant annually. This process has not changed from prior years.”

Financial Statement Notes

Part X, Line 2:

“The Building Company is exempt from federal and state income taxes under Internal Revenue Code 501(c)(3). The Building Company is subject to tax on income from any unrelated business. On July 1, 2009, the Building Company 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 Building Company has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where they operate. The Building Company 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 Building Company has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2017.”

Part XI, Line 2D - Other Adjustments:

“Revenue reported by related party - Prairie Seeds Academy 10,306,606.”

Part XI, Line 4B - Other Adjustments:

“Rent from related party - Prairie Seeds Academy 1,528,815.”

Part XII, Line 2D - Other Adjustments:

“Expenses reported by related party - Prairie Seeds Academy 11,753,733.”

Part XII, Line 4B - Other Adjustments:

“Rental expenses from related party - Prairie Seeds Academy 1,528,815. Eliminate carryforward rounding 2.”

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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0651216244
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Prairie Seeds Academy
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt08940108
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01555599
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010495707
IRS990ScheduleD/ExpensesNotReportedAmt011753733
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01528817
IRS990ScheduleD/ExpensesSubtotalAmt0-263090
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01285000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01285000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02614924
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Gain on Refunded Debt
IRS990ScheduleD/OtherExpensesIncludedAmt011753733
IRS990ScheduleD/OtherExpensesNotIncludedAmt01528817
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01673
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to other funds
IRS990ScheduleD/OtherRevenueAmt010306606
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01528815
IRS990ScheduleD/RevenueNotReportedAmt010306606
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01528815
IRS990ScheduleD/RevenueSubtotalAmt02762
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Building Company is exempt from federal and state income taxes under Internal Revenue Code 501(c)(3). The Building Company is subject to tax on income from any unrelated business. On July 1, 2009, the Building Company 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 Building Company has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where they operate. The Building Company 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 Building Company has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at June 30, 2017.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Revenue reported by related party - Prairie Seeds Academy 10,306,606.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Rent from related party - Prairie Seeds Academy 1,528,815.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Expenses reported by related party - Prairie Seeds Academy 11,753,733.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Rental expenses from related party - Prairie Seeds Academy 1,528,815. Eliminate carryforward rounding 2.
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/TotalBookValueLandBuildingsAmt010225108
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02614924
IRS990ScheduleD/TotalExpensesPerForm990Amt01265727
IRS990ScheduleD/TotalLiabilityAmt01673
IRS990ScheduleD/TotalRevenuePerForm990Amt01531577
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010309368
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011490643
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02015-05-28
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0416008804
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0114224AE8
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt017845000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0City of Brooklyn Park
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Refinance bonds issued 3/31/2009
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt01262558
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0359315
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingEscrowAmt016089299
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt0510000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt017711172
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is prepared by an independent accounting firm. Once the Form is completed, it is given to the Finance Manager and CEO for review before it is signed and filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members are required to annually report any potential conflicts of interest that may occur. Any potential conflicts are identified and resolved.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Independent Auditor The Board assumes responsibility of oversight of the audit of its financial statements and selection of an independent accountant annually. This process has not changed from prior years.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Related Organization Hours DeGune Lee also works as the Dean for a related organization, Prairie Seeds Academy, an average of 40 hours per week. Melinda Hansen and Jeffrey Culp work as teachers for a related organization, Prairie Seeds Academy, an average of 40 hours per week. Cha Ger Yang works as the CEO for a related organization, Prairie Seeds Academy, an average of 40 hours per week.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Independent Board Members There are three members of the board that are not considered independent due to receiving compensation from a related organization, Prairie Seeds Academy.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VII, Line 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section A, Line 18
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Prairie Seeds Academy
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0651216244
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Educational Services
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt06200 W Broadway Ave N
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Brooklyn Park
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055428
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01528815
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Actual Revenue
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Prairie Seeds Academy
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd01
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt015343292
IRS990/TotalAssetsEOYAmt015199230
IRS990/TotalAssetsGrp/BOYAmt015343292
IRS990/TotalAssetsGrp/EOYAmt015199230
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt048697
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01217030
IRS990/TotalFunctionalExpensesGrp/TotalAmt01265727
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt017440188
IRS990/TotalLiabilitiesEOYAmt017030276
IRS990/TotalLiabilitiesGrp/BOYAmt017440188
IRS990/TotalLiabilitiesGrp/EOYAmt017030276
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-2096896
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1831046

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,199,230
Liabilities
$17,030,276
Net assets
-$1,831,046
Revenue
$1,531,577
Expenses
$1,265,727
Net income
$265,850
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$15.5$15.5$0.05$1.55$1.16$0.38
2023Detailed filing. Detailed filing data is available for this year.$14.2$14.6$0.43$1.48$1.21$0.28
2022Detailed filing. Detailed filing data is available for this year.$14.4$15.1$0.70$1.38$1.28$0.10
2021Detailed filing. Detailed filing data is available for this year.$14.6$15.4$0.80$1.56$1.23$0.33
2020Detailed filing. Detailed filing data is available for this year.$14.8$15.9$1.14$1.42$1.25$0.16
2019Detailed filing. Detailed filing data is available for this year.$15.0$16.3$1.30$1.59$1.23$0.36
2018Detailed filing. Detailed filing data is available for this year.$15.1$16.7$1.66$1.55$1.38$0.17
2017Detailed filing. Detailed filing data is available for this year.$15.2$17.0$1.83$1.53$1.27$0.27
2016Detailed filing. Detailed filing data is available for this year.$15.3$17.4$2.10$1.76$1.12$0.64
2015Detailed filing. Detailed filing data is available for this year.$14.9$17.7$2.74$1.58$1.87$0.29
2014Detailed filing. Detailed filing data is available for this year.$13.3$15.8$2.45$1.61$1.71$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.6$16.0$2.35$1.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$16.1$2.07$1.77
2011Summary only. Only limited summary data is available for this year.$14.3$16.2$1.94$1.84$1.78$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$16.9$1.99$2.26