Civic Intelligence

Rochester Arts & Sciences Academy Foundation

990 • Fiscal year 2016 • EIN 20-8201223

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 06, 2017

Organization ProfileWWW.RASAMN.ORG
400 5th St SWRochester, MN 55902-3297

(507) 206-4646

Siviq Scores

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

Liabilities / Assets

68th percentile

0.17x

Higher debt load relative to assets than 68% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

58th percentile

0.07x

Higher debt load relative to revenue than 58% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

63rd percentile

8.1%

Higher net margin than 63% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

82nd percentile

$82,019

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 9.2% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

90th percentile

57%

Faster asset growth than 90% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

85th percentile

41%

Faster revenue growth than 85% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$355,735

Up $129,497 (+57%) from 2015

Net Assets

Up

$296,968

Up $72,817 (+32%) from 2015

Liabilities

Up

$58,767

Up $56,680 (+2716%) from 2015

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin63rd percentile

Revenue

Up

$894,505

Up $262,141 (+41%) from 2015

Expenses

Up

$821,687

Up $176,361 (+27%) from 2015

Net Income

Up

$72,818

Up $85,780 (+662%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $88,571Liabilities 2011: $31,727Net Assets 2011: $56,8442011Assets 2012: $183,957Liabilities 2012: $2,396Net Assets 2012: $181,5612012Assets 2013: $196,734Liabilities 2013: $0Net Assets 2013: $196,7342013Assets 2014: $239,198Liabilities 2014: $2,085Net Assets 2014: $237,1132014Assets 2015: $226,238Liabilities 2015: $2,087Net Assets 2015: $224,1512015Assets 2016: $355,735Liabilities 2016: $58,767Net Assets 2016: $296,9682016Assets 2017: $421,613Liabilities 2017: $54,915Net Assets 2017: $366,6982017Assets 2018: $399,348Liabilities 2018: $67,683Net Assets 2018: $331,6652018Assets 2019: $370,478Liabilities 2019: $81,458Net Assets 2019: $289,0202019Assets 2020: $493,206Liabilities 2020: $227,157Net Assets 2020: $266,0492020Assets 2021: $620,527Liabilities 2021: $81,284Net Assets 2021: $539,2432021Assets 2022: $1,020,598Liabilities 2022: $151,619Net Assets 2022: $868,9792022Assets 2023: $1,353,309Liabilities 2023: $122,192Net Assets 2023: $1,231,1172023Assets 2024: $5,968,208Liabilities 2024: $4,912,599Net Assets 2024: $1,055,6092024

Highlighted filing

2016

Assets$355,735
Liabilities$58,767
Net Assets$296,968
Open 2016 Filing

Operations Trend

Revenue Growth85th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $364,9912011Expenses 2012: $384,5502012Expenses 2013: $477,5552013Revenue 2014: $581,109Expenses 2014: $538,938Net Income 2014: $42,1712014Revenue 2015: $632,364Expenses 2015: $645,326Net Income 2015: -$12,9622015Revenue 2016: $894,505Expenses 2016: $821,687Net Income 2016: $72,8182016Revenue 2017: $960,313Expenses 2017: $890,584Net Income 2017: $69,7292017Revenue 2018: $1,010,070Expenses 2018: $1,045,103Net Income 2018: -$35,0332018Revenue 2019: $1,125,384Expenses 2019: $1,168,029Net Income 2019: -$42,6452019Revenue 2020: $1,320,793Expenses 2020: $1,343,764Net Income 2020: -$22,9712020Revenue 2021: $1,668,641Expenses 2021: $1,395,447Net Income 2021: $273,1942021Revenue 2022: $2,200,488Expenses 2022: $1,870,752Net Income 2022: $329,7362022Revenue 2023: $3,147,121Expenses 2023: $2,784,983Net Income 2023: $362,1382023Revenue 2024: $3,585,216Expenses 2024: $3,760,724Net Income 2024: -$175,5082024

Highlighted filing

2016

Revenue$894,505
Expenses$821,687
Net Income$72,818
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 6, 2017
Return Version
2015v3.0
Gross Receipts
$911,682
Mission and Program Overview

Mission

Educating students through an academically rigorous curriculum with an emphasis on global citizenship, physical agility and well being, in a safe, caring and nurturing environment.

Rasa aims to develop active learners, well-rounded individuals and engaged world citizens. Our teachers channel children's natural curiosity to develop lifelong inquirers prepared to thrive in a diverse world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$206,247$250,800▲ $44,553
Accounts Receivable-$40,984-
Land, Buildings, and Equipment, Net$678$25,506▲ $24,828
Savings and Temporary Cash Investments$19,312$25,467▲ $6,155
Prepaid Expenses and Deferred Charges-$12,978-
Total Assets$226,237$355,735▲ $129,498
Liabilities
Deferred Revenue-$30,000-
Accounts Payable and Accrued Expenses$2,087$28,767▲ $26,680
Total Liabilities$2,087$58,767▲ $56,680
Net Assets / Fund Balance
Unrestricted Net Assets$224,150$296,968▲ $72,818
Total Net Assets Fund Balance$224,150$296,968▲ $72,818
Total Liabilities and Net Assets / Fund Balance$226,237$355,735▲ $129,498

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$25,506$118,836$144,342
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Nicholas M DoylePrincipalFT$82,019$82,019

Board Members and Trustees

NameTitle
Amanda Lindberg-agangaPresident
Rochelle TorgersonVice President
Andrea Wahner HendricksonMember
Catherine Motsonelidze MevesMember
Dragana MilosevicMember
Karen BensonMember
Prashant KapoorMember
Suzanne BradyMember
Leonardo LetourneautSecretary
Sameer ParikhTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$19,231
Program Service Revenue
$822,650
Investment Income
$0
Other Revenue
$52,624
All Other Contributions
$19,231
Change in Net Assets
$72,818

Audited Revenue Reconciliation

Revenue per Audited Statements
$795,737
Revenue Not Reported on Financial Statements
$98,768
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$98,768
Total Revenue per Audited Statements
$795,737
Total Revenue per Form 990
$894,505
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$496,237
Other Expenses$226,682
Grants and Similar Amounts Paid$98,768
Total Fundraising Expense$10,264
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$342,438--$342,438
Grants to Domestic Individuals$98,768--$98,768
Occupancy$86,533$1,178$295$88,006
Current Officers, Directors, Trustees, and Key Employees$41,799$32,209$8,011$82,019
Payroll Taxes$37,639$3,155$785$41,579
Other Employee Benefits$25,167$4,026$1,008$30,201
Fees for Services Accounting-$11,758-$11,758
All Other Expenses$11,202$367$13$11,582
Office Expenses$4,341$6,493$46$10,880
Other Expenses$12,969$8,905$72$8,977
Insurance-$7,730-$7,730
Advertising-$5,776-$5,776
Depreciation Depletion$5,370--$5,370
Information Technology$2,895$2,444$31$5,370
Total Functional Expenses$727,369$84,054$10,264$821,687

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$821,687
Expenses per Audited Statements$722,919
Total Expenses per Audited Statements$722,919
Expenses Not Reported on Financial Statements$98,768
Other Expense Adjustments$98,768
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$35,228
Fundraising Direct Expenses$17,177
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$19,964$19,964$4,407$15,557
Other$15,264$15,264$12,770$2,494
Total Events$35,228$35,228$17,177$18,051
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

“Committees currently do not keep minutes, but a new policy is being drafted to ensure this in the future.”

Form 990, Part VI, Section B, Line 11

“External accountants provide 990 for board of directors review and approval. They are available for questions and clarification, if necessary”

Form 990, Part VI, Section B, Line 15A

“The executive board reviews and approves the executive director's compensation.”

Form 990, Part VI, Section C, Line 19

“The organization will provide the annual report to anyone who wishes to view it, upon request to the school.”

Filing and Contact Details

Filer

Filer Name
Rochester Arts & Sciences Academy
EIN
20-8201223
Phone
5072064646
Address
400 5TH ST SW, ROCHESTER, MN 55902-3297

Signing Officer

Name
Nick Doyle
Title
Principal
Phone
5072064646
Signed
2017-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amanda Lindeberg-aganga
Formed
2007
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
20
Volunteers
0

Preparer

Firm
Hawkins Ash Cpas Llp
Address
975 34TH AVE NW 301, ROCHESTER, MN 55901
Preparer
John Wolter
Phone
5074241233
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The school is exempt from federal and state income taxes as a public charity under section 501(c)(3) of the internal revenue code; therefore, no provision for income taxes has been made in these financial statements. There was no material unrelated income for the years ended june 30, 2016. In addition, the organization qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under section 509(a)(2). The school files federal exempt income tax returns. Management is not aware of any uncertain income tax provisions.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Scholarships and discounts netted for gaap 98,768.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Scholarships and discounts netted for gaap 98,768.”

Raw XML AppendixShowing 400 of 462 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OccupancyGrp/TotalAmt088006
IRS990/OfficeExpensesGrp/FundraisingAmt046
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06493
IRS990/OfficeExpensesGrp/ProgramServicesAmt04341
IRS990/OfficeExpensesGrp/TotalAmt010880
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01008
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04026
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt025167
IRS990/OtherEmployeeBenefitsGrp/TotalAmt030201
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL EXPENSES
IRS990/OtherExpensesGrp/Desc1AUXILLARY EXPENSE
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt03
IRS990/OtherExpensesGrp/FundraisingAmt172
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18905
IRS990/OtherExpensesGrp/ProgramServicesAmt033121
IRS990/OtherExpensesGrp/ProgramServicesAmt125127
IRS990/OtherExpensesGrp/ProgramServicesAmt212969
IRS990/OtherExpensesGrp/TotalAmt033137
IRS990/OtherExpensesGrp/TotalAmt125127
IRS990/OtherExpensesGrp/TotalAmt212969
IRS990/OtherExpensesGrp/TotalAmt38977
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt034573
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt034573
IRS990/OtherRevenueTotalAmt034573
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0342438
IRS990/OtherSalariesAndWagesGrp/TotalAmt0342438
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0785
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03155
IRS990/PayrollTaxesGrp/ProgramServicesAmt037639
IRS990/PayrollTaxesGrp/TotalAmt041579
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012978
IRS990/PrincipalOfficerNm0AMANDA LINDEBERG-AGANGA
IRS990/ProfessionalFundraisingInd01
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1AFTER SCHOOL AND SUMME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0701224
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1121426
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0701224
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1121426
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0581109
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0171352
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt042171
IRS990/PYSalariesCompEmpBnftPaidAmt0367586
IRS990/PYTotalExpensesAmt0538938
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0581109
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt072818
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0857223
IRS990/SavingsAndTempCashInvstGrp/BOYAmt019312
IRS990/SavingsAndTempCashInvstGrp/EOYAmt025467
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt025506
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0118836
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0144342
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt098768
IRS990ScheduleD/ExpensesSubtotalAmt0722919
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt098768
IRS990ScheduleD/OtherRevenuesNotIncludedAmt098768
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt098768
IRS990ScheduleD/RevenueSubtotalAmt0795737
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THESE FINANCIAL STATEMENTS. THERE WAS NO MATERIAL UNRELATED INCOME FOR THE YEARS ENDED JUNE 30, 2016. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE SCHOOL FILES FEDERAL EXEMPT INCOME TAX RETURNS. MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN INCOME TAX PROVISIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIPS AND DISCOUNTS NETTED FOR GAAP 98,768.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SCHOLARSHIPS AND DISCOUNTS NETTED FOR GAAP 98,768.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt025506
IRS990ScheduleD/TotalExpensesPerForm990Amt0821687
IRS990ScheduleD/TotalRevenuePerForm990Amt0894505
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0795737
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0722919
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd00
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd00
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd00
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ALL PRINTED ITEMS RELATED TO SCHOOL ENROLLMENT HAVE THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY CLEARLY STATED AND THE POLICY IS ALSO LISTED ON THE SCHOOL'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1ALL PRINTED ITEMS RELATED TO SCHOOL ENROLLMENT HAVE THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY CLEARLY STATED AND THE POLICY IS ALSO LISTED ON THE SCHOOL'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCH E, LINE 3
IRS990ScheduleG/AgrmtProfFundraisingActyInd00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt017177
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0OTHER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt019964
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt015264
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt035228
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt019964
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt015264
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt035228
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt018051
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt017177
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04407
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt012770
IRS990ScheduleG/LicensedStatesCd0MN
IRS990ScheduleG/PersonsWithBooksName/BusinessNameLine1Txt0ROCHESTER ARTS & SCIENCES ACADEMY FOUNDATION
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0400 5TH ST SW
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0ROCHESTER
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0MN
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd055902
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt098768
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt019
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COMMITTEES CURRENTLY DO NOT KEEP MINUTES, BUT A NEW POLICY IS BEING DRAFTED TO ENSURE THIS IN THE FUTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXTERNAL ACCOUNTANTS PROVIDE 990 FOR BOARD OF DIRECTORS REVIEW AND APPROVAL. THEY ARE AVAILABLE FOR QUESTIONS AND CLARIFICATION, IF NECESSARY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE BOARD REVIEWS AND APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION WILL PROVIDE THE ANNUAL REPORT TO ANYONE WHO WISHES TO VIEW IT, UPON REQUEST TO THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0226237
IRS990/TotalAssetsEOYAmt0355735
IRS990/TotalAssetsGrp/BOYAmt0226237
IRS990/TotalAssetsGrp/EOYAmt0355735
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt019231
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt010264
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt084054
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0727369
IRS990/TotalFunctionalExpensesGrp/TotalAmt0821687

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$355,735
Liabilities
$58,767
Net assets
$296,968
Revenue
$894,505
Expenses
$821,687
Net income
$72,818
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.97$4.91$1.06$3.59$3.76$0.18
2023Detailed filing. Detailed filing data is available for this year.$1.35$0.12$1.23$3.15$2.78$0.36
2022Detailed filing. Detailed filing data is available for this year.$1.02$0.15$0.87$2.20$1.87$0.33
2021Detailed filing. Detailed filing data is available for this year.$0.62$0.08$0.54$1.67$1.40$0.27
2020Detailed filing. Detailed filing data is available for this year.$0.49$0.23$0.27$1.32$1.34$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.37$0.08$0.29$1.13$1.17$0.04
2018Summary only. Only limited summary data is available for this year.$0.40$0.07$0.33$1.01$1.05$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.42$0.05$0.37$0.96$0.89$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.36$0.06$0.30$0.89$0.82$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.22$0.63$0.65$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$0.58$0.54$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.00$0.20$0.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.00$0.18$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.03$0.06$0.36