Liabilities / Assets
64th percentile
Higher debt load relative to assets than 64% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.25x
Liabilities / Revenue
39th percentile
Higher debt load relative to revenue than 39% of similar nonprofits.
Net Margin
76th percentile
Higher net margin than 76% of similar nonprofits.
Top Officer Pay
85th percentile
Higher top officer pay than 85% of similar nonprofits.
Top officer pay equals 4.0% of source-year revenue.
Asset Growth
95th percentile
Faster asset growth than 95% of similar nonprofits.
Revenue Growth
78th percentile
Faster revenue growth than 78% of similar nonprofits.
Balance Sheet
Assets
Up$1,002,433
Up $469,634 (+88%) from 2013
Net Assets
Up$754,943
Up $667,403 (+762%) from 2013
Liabilities
Down$247,490
Down $197,769 (-44%) from 2013
Revenue And Expenses
Revenue
Up$3,937,293
Up $757,563 (+24%) from 2013
Expenses
Up$3,269,890
Up $178,897 (+5.8%) from 2013
Net Income
Up$667,403
Up $578,666 (+652%) from 2013
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2013 to Jun 30, 2014
- Signed
- Apr 29, 2015
- Return Version
- 2013v4.0
- Gross Receipts
- $3,937,293
Mission and Program Overview
Mission
Establish and operate high performing public schools in the twin cities that confront educational inequity by delivering academic excellence and cultivating leadership skills to ensure all students succeed in college and life.
To build and support a family of free, open-enrollment, college prep schools in minnesota.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cap Stk Tr Prin Current Funds | $48,780 | $663,482 | ▲ $614,702 |
| Cash and Non-Interest-Bearing Accounts | $204,607 | $583,318 | ▲ $378,711 |
| Prepaid Expenses and Deferred Charges | $21,828 | $192,672 | ▲ $170,844 |
| Pledges and Grants Receivable | $267,604 | $134,982 | ▼ $132,622 |
| Land, Buildings, and Equipment, Net | $38,760 | $91,461 | ▲ $52,701 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $38,760 | $91,461 | ▲ $52,701 |
| Rtn Earn Endowment Incm Other Fnds | $0 | $0 | → $0 |
| Total Assets | $532,799 | $1,002,433 | ▲ $469,634 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $295,259 | $179,490 | ▼ $115,769 |
| Mortgage Notes Payable Secured by Investment Property | $150,000 | - | - |
| Deferred Revenue | - | $68,000 | - |
| Total Liabilities | $445,259 | $247,490 | ▼ $197,769 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $87,540 | $754,943 | ▲ $667,403 |
| Total Liabilities and Net Assets / Fund Balance | $532,799 | $1,002,433 | ▲ $469,634 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $91,461 | $140,852 | $232,313 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Alvin Abraham | Principal | FT | $115,000 | $42,781 | $157,781 |
| Gwen Nordman | Teacher Representative | FT | $45,401 | $6,929 | $52,330 |
Board Members and Trustees
| Name | Title |
|---|---|
| Beth Finch | Board Chair |
| Scott Gage | Vice Chair |
| Dana Curran Mortenson | Board Member |
| Lisa Dunlap | Board Member |
| Mark Ashton | Board Member |
| Mark Chronister | Board Member |
| Reynolds Anthony-harris | Board Member |
| Steve Pieper | Treasurer |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Done Right Food Service INC | Food Services | - | $157,713 |
| Monarch Bus Services | Transportation | - | $113,027 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $3,919,855
- Program Service Revenue
- $135
- Investment Income
- $0
- Other Revenue
- $17,303
- All Other Contributions
- $1,163,381
- Change in Net Assets
- $667,403
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $3,937,293
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Total Revenue per Audited Statements
- $3,937,293
- Total Revenue per Form 990
- $3,937,293
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,846,511 |
| Other Expenses | $1,423,379 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,076,030 | $228,620 | - | $1,304,650 |
| Occupancy | $371,338 | $25,877 | - | $397,215 |
| Travel | $324,252 | $1,383 | - | $325,635 |
| Office Expenses | $231,096 | $66,073 | - | $297,169 |
| Current Officers, Directors, Trustees, and Key Employees | $58,672 | $158,056 | - | $216,728 |
| Fees for Services Other | $78,293 | $100,724 | - | $179,017 |
| Payroll Taxes | $85,073 | $61,022 | - | $146,095 |
| Pension Plan Contributions | $76,052 | $14,187 | - | $90,239 |
| Other Employee Benefits | $74,784 | $14,015 | - | $88,799 |
| Fees for Services Accounting | - | $70,730 | - | $70,730 |
| Depreciation Depletion | $34,853 | $3,814 | - | $38,667 |
| Conferences and Meetings | $18,648 | $175 | - | $18,823 |
| Fees for Services Legal | - | $6,650 | - | $6,650 |
| Insurance | $6,120 | - | - | $6,120 |
| Interest | $719 | - | - | $719 |
| Other Expenses | $276 | $360 | - | $636 |
| Total Functional Expenses | $2,496,569 | $773,321 | $0 | $3,269,890 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $3,322,591 |
| Total Expenses per Form 990 | $3,269,890 |
| Expenses per Audited Statements | $3,231,223 |
| Expenses Not Reported on Form 990 | $91,368 |
| Expenses Not Reported on Financial Statements | $38,667 |
| Other Expense Adjustments | $38,667 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
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
- 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
- Yes
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section A, Line 6
“The school's membership consists of parents/legal guardians of enrolled students and employees of the school.”
Form 990, Part VI, Section A, Line 7A
“The school's board of directors is elected by the school's members.”
Form 990, Part VI, Section B, Line 11
“The school's finance committee reviews the form 990 in detail when the return is complete. All members of the board will receive a copy of the return prior to filing with the irs.”
Form 990, Part VI, Section B, Line 12C
“Each director, officer, and committee member with governing board delegated authority is required to sign an annual statement affirming they have received, reviewed, and agreed to comply with the conflict of interest policy. The policy includes a duty to disclose clause. This clause requires that any covered individual must disclose all material facts to directors and members of committee if the existence of a conflict or potential conflict is determined. After disclosure of all facts, the conflicted individual will leave the room while the transaction is discussed and voted on. The minutes of all board and committees shall reflect the proceedings related to conflicts.”
Form 990, Part VI, Section B, Line 15A
“The executive committee performed market rate analysis to determine compensation for the executive director and all other school employees as part of the annual budgeting process. Any changes to compensation are reviewed and approved by the board of directors. This process was last conducted in 2014 for the principal, alvin abraham, for the 2013-2014 school year.”
Form 990, Part VI, Section C, Line 19
“The school's governing documents, conflict of interest policy, and financial statements are maintained in the office and are made available at all board meetings, which are open to the public. All meeting minutes and any of the documents above are made available to public upon request.”
Filing and Contact Details
Filer
- EIN
- 20-8877750
- Phone
- 6122879700
Signing Officer
- Name
- Steve Pieper
- Title
- Board Treasurer
- Phone
- 6122879700
- Signed
- 2015-04-29
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Alvin Abraham
- Formed
- 2007
- Legal Domicile
- Mn
- Voting Board Members
- 7
- Independent Board Members
- 6
- Employees
- 67
- Volunteers
- 15
Preparer
- Preparer
- Dennis Hoogeveen
- Phone
- 6123764500
Supplemental Narrative
Additional Explanations
FORM 990, PART XII, LINE 1: EXPLANATION OF METHOD OF ACCOUNTING
“The school follows a modified accrual method of accounting as prescribed by the minnesota department of education. The school-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Grants and similar items are recognized when all eligibility requirements imposed by the provider have been met.”
Financial Statement Notes
PART XII, LINE 2D - OTHER ADJUSTMENTS:
“Capitalized expenditures 91,368.”
PART XII, LINE 4B - OTHER ADJUSTMENTS:
“Depreciation expense 38,667.”
Raw XML AppendixShowing 400 of 480 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/ContractorCompensationGrp/ServicesDesc | 0 | FOOD SERVICES |
| IRS990/ContractorCompensationGrp/ServicesDesc | 1 | TRANSPORTATION |
| IRS990/CreditCounselingInd | 0 | 0 |
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| IRS990/CYContributionsGrantsAmt | 0 | 3919855 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
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| IRS990/CYOtherRevenueAmt | 0 | 17303 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 135 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 667403 |
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| IRS990/CYTotalExpensesAmt | 0 | 3269890 |
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| IRS990/CYTotalRevenueAmt | 0 | 3937293 |
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| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 68000 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 3814 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 34853 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 38667 |
| IRS990/Desc | 0 | KIPP MINNESOTA IS DEDICATED TO BUILDING A SYSTEM OF KIPP SCHOOLS IN THE TWIN CITIES METRO AREA OVER THE NEXT 20 YEARS BASED ON THE BELIEF THAT ALL STUDENTS CAN LEARN AND WITH THE EXPECTATION THAT ALL STUDENTS CAN AND SHOULD GO TO COLLEGE. IMPLICIT IN OUR MISSION IS THE BELIEF THAT EVERY CHILD HAS THE RIGHT TO FREE HIGH QUALITY EDUCATION REGARDLESS OF RACE, CLASS OR ECONOMIC STATUS. WE PREPARE OUR STUDENTS FOR SUCCESS IN COLLEGE AND IN LIFE BY EMPOWERING OUR STUDENTS WITH AN EXCELLENT AND RIGOROUS EDUCATION, CHARACTER SKILL BUILDING AND HIGH EXPECTATIONS. THROUGH OUR WORK WITH OUR STUDENTS, WE BEGIN THE CRITICAL TASK OF NOT JUST CLOSING BUT ELIMINATING THE ABHORRENT ACHIEVEMENT GAP IN MINNESOTA. AVERAGE DAILY ENROLLMENT FOR THE YEAR ENDED JUNE 30, 2014 WAS 190 STUDENTS. |
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| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 67 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
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| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
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| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 70730 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 6650 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 6650 |
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| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 179017 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 5.00 |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | REYNOLDS ANTHONY-HARRIS |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | TEACHER REPRESENTATIVE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | PRINCIPAL |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2007 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
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| IRS990/FSAuditedInd | 0 | 1 |
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| IRS990/GamingActivitiesInd | 0 | 0 |
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| IRS990/GovernmentGrantsAmt | 0 | 2756474 |
| IRS990/GrantAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
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| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 6 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 6120 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 6120 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 719 |
| IRS990/InterestGrp/TotalAmt | 0 | 719 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 14 |
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| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 91461 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 232313 |
| IRS990/LegalDomicileStateCd | 0 | MN |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 1 |
| IRS990/MethodOfAccountingOtherInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO BUILD AND SUPPORT A FAMILY OF FREE, OPEN-ENROLLMENT, COLLEGE PREP SCHOLLS IN MINNESOTA THAT PREPARE EDUCATIONALLY UNDERSERVED STUDENTS TO FIND SUCCESS IN COLLEGE AND LIFE. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
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| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 87540 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 754943 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
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| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 371338 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 397215 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 66073 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 231096 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 297169 |
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| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
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| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 74784 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 88799 |
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| IRS990/OtherExpensesGrp/Desc | 3 | MISCELLANEOUS EXPENSE |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 295 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 21340 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 360 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 41205 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 9152 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 10006 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 276 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 41500 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 30492 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 10006 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 636 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | MISCELLANEOUS REVENUE |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 17303 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 17303 |
| IRS990/OtherRevenueTotalAmt | 0 | 17303 |
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| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 1076030 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 1304650 |
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| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 61022 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 85073 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 146095 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 38760 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 91461 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 14187 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 76052 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 90239 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 267604 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 134982 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 21828 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 192672 |
| IRS990/PrincipalOfficerNm | 0 | ALVIN ABRAHAM |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611710 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | FEES FROM PATRONS |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 135 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 135 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 3175557 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | -1786 |
| IRS990/PYOtherExpensesAmt | 0 | 1381037 |
| IRS990/PYOtherRevenueAmt | 0 | 5894 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 65 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 88737 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 1709956 |
| IRS990/PYTotalExpensesAmt | 0 | 3090993 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 3179730 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 667403 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 135 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 0 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 0 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
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| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 140852 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 232313 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 91368 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 38667 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 3231223 |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 91368 |
| IRS990ScheduleD/OtherExpensesNotIncludedAmt | 0 | 38667 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 3937293 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | CAPITALIZED EXPENDITURES 91,368. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | DEPRECIATION EXPENSE 38,667. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XII, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 91461 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 3269890 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 3937293 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 3937293 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 3322591 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | 1 |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | 1 |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | 0 |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | 1 |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | 1 |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | 1 |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | 1 |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | 1 |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | THE SCHOOL'S POLICY AS A FREE, OPEN ENROLLMENT SCHOOL IS PUBLICIZED IN ALL MATERIALS INCLUDING FLYERS THAT ARE DISTRIBUTED DOOR-TO-DOOR, ON THE WEBSITE, AND IN APPLICATION FORMS. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | THE SCHOOL RECEIVES FEDERAL AND STATE FUNDING. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, PART I, LINE 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE E, PART I, LINE 6 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
| IRS990ScheduleJ/BoardOrCommitteeApprovalInd | 0 | X |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompensationSurveyInd | 0 | X |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 115000 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 28500 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 9770 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 4511 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | ALVIN ABRAHAM |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | PRINCIPAL |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 157781 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE SCHOOL'S MEMBERSHIP CONSISTS OF PARENTS/LEGAL GUARDIANS OF ENROLLED STUDENTS AND EMPLOYEES OF THE SCHOOL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE SCHOOL'S BOARD OF DIRECTORS IS ELECTED BY THE SCHOOL'S MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE SCHOOL'S FINANCE COMMITTEE REVIEWS THE FORM 990 IN DETAIL WHEN THE RETURN IS COMPLETE. ALL MEMBERS OF THE BOARD WILL RECEIVE A COPY OF THE RETURN PRIOR TO FILING WITH THE IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | EACH DIRECTOR, OFFICER, AND COMMITTEE MEMBER WITH GOVERNING BOARD DELEGATED AUTHORITY IS REQUIRED TO SIGN AN ANNUAL STATEMENT AFFIRMING THEY HAVE RECEIVED, REVIEWED, AND AGREED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. THE POLICY INCLUDES A DUTY TO DISCLOSE CLAUSE. THIS CLAUSE REQUIRES THAT ANY COVERED INDIVIDUAL MUST DISCLOSE ALL MATERIAL FACTS TO DIRECTORS AND MEMBERS OF COMMITTEE IF THE EXISTENCE OF A CONFLICT OR POTENTIAL CONFLICT IS DETERMINED. AFTER DISCLOSURE OF ALL FACTS, THE CONFLICTED INDIVIDUAL WILL LEAVE THE ROOM WHILE THE TRANSACTION IS DISCUSSED AND VOTED ON. THE MINUTES OF ALL BOARD AND COMMITTEES SHALL REFLECT THE PROCEEDINGS RELATED TO CONFLICTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE EXECUTIVE COMMITTEE PERFORMED MARKET RATE ANALYSIS TO DETERMINE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND ALL OTHER SCHOOL EMPLOYEES AS PART OF THE ANNUAL BUDGETING PROCESS. ANY CHANGES TO COMPENSATION ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THIS PROCESS WAS LAST CONDUCTED IN 2014 FOR THE PRINCIPAL, ALVIN ABRAHAM, FOR THE 2013-2014 SCHOOL YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MAINTAINED IN THE OFFICE AND ARE MADE AVAILABLE AT ALL BOARD MEETINGS, WHICH ARE OPEN TO THE PUBLIC. ALL MEETING MINUTES AND ANY OF THE DOCUMENTS ABOVE ARE MADE AVAILABLE TO PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE SCHOOL FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION A, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART XII, LINE 1: EXPLANATION OF METHOD OF ACCOUNTING |
| IRS990/SchoolOperatingInd | 0 | 1 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $1,002,433
- Liabilities
- $247,490
- Net assets
- $754,943
- Revenue
- $3,937,293
- Expenses
- $3,269,890
- Net income
- $667,403