Civic Intelligence

Friends of Beacon

EIN 22-3971809 • 501(c)3 • Crystal, MN

Profile

To acquire and maintain real property for lease to beacon academy.

3415 Louisiana Ave NCrystal, MN 55427

www.beaconacademy.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.15x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

97th percentile

12.48x

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

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

42nd percentile

1.6%

Higher net margin than 42% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

25th percentile

$113,712

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

27th percentile

-1.9%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

31st percentile

-1.4%

Faster revenue growth than 31% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$13,173,422

Down $261,447 (-1.9%) from 2024

Liabilities

Down

$15,096,742

Down $281,358 (-1.8%) from 2024

Net Assets

Up

-$1,923,320

Up $19,911 (+1.0%) from 2024

Operations
Liabilities / Revenue97th percentileNet Margin42nd percentile

Revenue

Down

$1,210,081

Down $16,728 (-1.4%) from 2024

Expenses

Down

$1,190,170

Down $132,803 (-10%) from 2024

Net Income

Up

$19,911

Up $116,075 (+121%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth27th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0-$5.0MAssets 2011: $0Liabilities 2011: $0Net Assets 2011: $02011Assets 2012: $0Liabilities 2012: $0Net Assets 2012: $02012Assets 2013: $0Liabilities 2013: $0Net Assets 2013: $02013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $16,353,909Liabilities 2017: $17,665,121Net Assets 2017: -$1,311,2122017Assets 2018: $15,594,556Liabilities 2018: $16,800,049Net Assets 2018: -$1,205,4932018Assets 2019: $15,213,110Liabilities 2019: $16,588,985Net Assets 2019: -$1,375,8752019Assets 2020: $14,895,902Liabilities 2020: $16,403,231Net Assets 2020: -$1,507,3292020Assets 2021: $14,522,750Liabilities 2021: $16,171,280Net Assets 2021: -$1,648,5302021Assets 2022: $14,177,825Liabilities 2022: $15,915,902Net Assets 2022: -$1,738,0772022Assets 2023: $13,802,411Liabilities 2023: $15,649,478Net Assets 2023: -$1,847,0672023Assets 2024: $13,434,869Liabilities 2024: $15,378,100Net Assets 2024: -$1,943,2312024Assets 2025: $13,173,422Liabilities 2025: $15,096,742Net Assets 2025: -$1,923,3202025

Highlighted filing

2025

Assets$13,173,422
Liabilities$15,096,742
Net Assets-$1,923,320
Open 2025 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2011: $0Expenses 2011: $0Net Income 2011: $02011Revenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $83,394Expenses 2017: $1,394,606Net Income 2017: -$1,311,2122017Revenue 2018: $1,300,421Expenses 2018: $1,194,702Net Income 2018: $105,7192018Revenue 2019: $1,069,647Expenses 2019: $1,240,029Net Income 2019: -$170,3822019Revenue 2020: $1,240,860Expenses 2020: $1,372,314Net Income 2020: -$131,4542020Revenue 2021: $1,116,476Expenses 2021: $1,257,677Net Income 2021: -$141,2012021Revenue 2022: $1,126,256Expenses 2022: $1,215,803Net Income 2022: -$89,5472022Revenue 2023: $1,181,373Expenses 2023: $1,290,363Net Income 2023: -$108,9902023Revenue 2024: $1,226,809Expenses 2024: $1,322,973Net Income 2024: -$96,1642024Revenue 2025: $1,210,081Expenses 2025: $1,190,170Net Income 2025: $19,9112025

Highlighted filing

2025

Revenue$1,210,081
Expenses$1,190,170
Net Income$19,911
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,173,422
Liabilities
$15,096,742
Net assets
-$1,923,320
Revenue
$1,210,081
Expenses
$1,190,170
Net income
$19,911
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$13.2$15.1$1.92$1.21$1.19$0.02
2024Detailed filing. Detailed filing data is available for this year.$13.4$15.4$1.94$1.23$1.32$0.10
2023Detailed filing. Detailed filing data is available for this year.$13.8$15.6$1.85$1.18$1.29$0.11
2022Detailed filing. Detailed filing data is available for this year.$14.2$15.9$1.74$1.13$1.22$0.09
2021Detailed filing. Detailed filing data is available for this year.$14.5$16.2$1.65$1.12$1.26$0.14
2020Detailed filing. Detailed filing data is available for this year.$14.9$16.4$1.51$1.24$1.37$0.13
2019Detailed filing. Detailed filing data is available for this year.$15.2$16.6$1.38$1.07$1.24$0.17
2018Detailed filing. Detailed filing data is available for this year.$15.6$16.8$1.21$1.30$1.19$0.11
2017Detailed filing. Detailed filing data is available for this year.$16.4$17.7$1.31$0.08$1.39$1.31
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00$0.00$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00$0.00$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 12, 2026
Return Version
2024v5.5
Gross Receipts
$1,210,081
Mission and Program Overview

Mission

To acquire and maintain real property for lease to beacon academy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,482,981$11,092,658▼ $390,323
Cash and Non-Interest-Bearing Accounts$1,951,888$2,080,764▲ $128,876
Rtn Earn Endowment Incm Other Fnds$1,797,784$1,879,013▲ $81,229
Cap Stk Tr Prin Current Funds$-363,869$-357,069▲ $6,800
Pd in Cap Srpls Land Bldg Eqp Fund$-3,377,146$-3,445,264▼ $68,118
Total Assets$13,434,869$13,173,422▼ $261,447
Liabilities
Tax Exempt Bond Liabilities$14,860,127$14,537,922▼ $322,205
Other Liabilities$363,869$357,069▼ $6,800
Accounts Payable and Accrued Expenses$154,104$201,751▲ $47,647
Total Liabilities$15,378,100$15,096,742▼ $281,358
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,943,231$-1,923,320▲ $19,911
Total Liabilities and Net Assets / Fund Balance$13,434,869$13,173,422▼ $261,447

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,572,097$3,126,494$11,698,591
Land$2,520,561-$2,520,561
Equipment$0$4,444$4,444
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleOtherTotal
Michael ReederPrincipal$113,712$113,712

Board Members and Trustees

NameTitle
Ann Marie RoderPresident
Eldred BachSecretary
Chelsea SobraskeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,113,388
Investment Income
$66,805
Other Revenue
$29,888
Change in Net Assets
$19,911

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,210,081
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,210,081
Total Revenue per Form 990
$1,210,081
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,190,170
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$711,933--$711,933
Depreciation Depletion$390,323--$390,323
Other Expenses$87,914--$87,914
Total Functional Expenses$1,190,170$0$0$1,190,170

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,190,170
Total Expenses per Audited Statements$1,128,852
Expenses per Audited Statements$799,847
Expenses Not Reported on Financial Statements$390,323
Other Expense Adjustments$390,323
Expenses Not Reported on Form 990$329,005
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
Accrued Interest Payable$357,069

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Independence Minnesota2016-07-27$16,013,353Purchase and build school

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$16,013,353-$1,850,000$319,491

Bond Financing Compliance

No rebate due
Yes
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
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The member of the corporation is beacon academy.”

Form 990, Part VI, Section A, Line 7A

“The member shall have one hundred percent of the member voting power. The member may fill vacancies occurring on the board by appointment provided that appointment shall be a person from the same category of membership as the person being replaced. The member may remove any director from office with or without cause; the member shall appoint a new director to replace the director being removed.”

Form 990, Part VI, Section A, Line 8B

“The organization does not have any committees that have authority to act on behalf of the governing body.”

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

“The form 990 is prepared by an independent accounting firm and reviewed by the school's management. The reviewed draft of the form 990 is then sent to the board for final review and approval prior to filing.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request. The organization does not have a conflict of interest policy.”

Filing and Contact Details

Filer

Filer Name
Friends of Beacon
EIN
22-3971809
Phone
7635469999
Address
3415 LOUISIANA AVE N, CRYSTAL, MN 55427

Signing Officer

Name
Julie Wahl
Title
Co-president
Phone
7635469999
Signed
2026-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chelsea Sobraske
Formed
2016
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Wipfli Advisory LLC
Address
1502 LONDON ROAD SUITE 200, DULUTH, MN 55812
Preparer
Michael J Peterson CPA
Phone
2187224705
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

“The organization 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:

“Change in accrued interest 6,800. Repayment of bond principal 320,000. Amortized bond premium 2,205.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Depreciation expense 390,323.”

Raw XML AppendixShowing 400 of 428 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0154104
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0201751
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ACQUIRE AND MAINTAIN REAL PROPERTY FOR LEASE TO BEACON ACADEMY.
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CHELSEA SOBRASKE
IRS990/BooksInCareOfDetail/PhoneNum07635469999
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03415 LOUISIANA AVE N
IRS990/BooksInCareOfDetail/USAddress/CityNm0CRYSTAL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055427
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0-363869
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0-357069
IRS990/CashNonInterestBearingGrp/BOYAmt01951888
IRS990/CashNonInterestBearingGrp/EOYAmt02080764
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt066805
IRS990/CYOtherExpensesAmt01190170
IRS990/CYOtherRevenueAmt029888
IRS990/CYProgramServiceRevenueAmt01113388
IRS990/CYRevenuesLessExpensesAmt019911
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01190170
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01210081
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0390323
IRS990/DepreciationDepletionGrp/TotalAmt0390323
IRS990/Desc0TO ACQUIRE AND MAINTAIN REAL PROPERTY FOR LEASE TO BEACON ACADEMY. THE COMPANY ISSUED TAX EXEMPT DEBT IN 2018 FOR ACQUISITION AND RENOVATION OF THE CURRENT SCHOOL SITE.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt01190170
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt311298
IRS990/Form990PartVIISectionAGrp/PersonNm0ANN MARIE RODER
IRS990/Form990PartVIISectionAGrp/PersonNm1CHELSEA SOBRASKE
IRS990/Form990PartVIISectionAGrp/PersonNm2ELDRED BACH
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL REEDER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3102414
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRINCIPAL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01210081
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/ProgramServicesAmt0711933
IRS990/InterestGrp/TotalAmt0711933
IRS990/InvestmentIncomeGrp/ExclusionAmt066805
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt066805
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03130938
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011482981
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011092658
IRS990/LandBldgEquipCostOrOtherBssAmt014223596
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt029888
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt029888
IRS990/MissionDesc0TO ACQUIRE AND MAINTAIN REAL PROPERTY FOR LEASE TO BEACON ACADEMY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-1943231
IRS990/NetAssetsOrFundBalancesEOYAmt0-1923320
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/ProgramServicesAmt087914
IRS990/OtherExpensesGrp/TotalAmt087914
IRS990/OtherLiabilitiesGrp/BOYAmt0363869
IRS990/OtherLiabilitiesGrp/EOYAmt0357069
IRS990/OtherRevenueTotalAmt029888
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-3377146
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-3445264
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CHELSEA SOBRASKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0CHARTER SCHOOL RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01113388
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01113388
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt071540
IRS990/PYOtherExpensesAmt01322973
IRS990/PYOtherRevenueAmt043281
IRS990/PYProgramServiceRevenueAmt01111988
IRS990/PYRevenuesLessExpensesAmt0-96164
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01322973
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01226809
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt019911
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01113388
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01797784
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01879013
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
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/Form990ScheduleAPartVIGrp/ExplanationTxt0FRIENDS OF BEACON'S SUPPORTED ORGANIZATION DOES NOT HAVE BOARD CROSSOVER WITH BEACON ACADEMY (20-0158631). THE PRINCIPAL OF BEACON ACADEMY HAS AN EX-OFFICIO ROLE ON THE BOARD AND ACTIVELY TAKES PART IN DISCUSSIONS AND OFFERS INSIGHTS BASED ON MY RESPONSIBILITIES OVERSEEING BUILDING PROCESSES. THE FRIENDS OF BEACON'S ONLY ASSET AND LIABILITY IS RELATED TO THE BUILDING WHICH BEACON ACADEMY UTILIZES FOR ALL THEIR PROGRAMS AND THERE IS THEREFORE A CLOSE OPERATING CONNECTION BETWEEN THE TWO ENTITIES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, SECTION C. TYPE II - LINE 1
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0200158631
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt076782
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BEACON ACADEMY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt076782
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt08572097
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03126494
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011698591
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04444
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04444
IRS990ScheduleD/ExpensesNotReportedAmt0329005
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0390323
IRS990ScheduleD/ExpensesSubtotalAmt0799847
IRS990ScheduleD/LandGrp/BookValueAmt02520561
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02520561
IRS990ScheduleD/OtherExpensesIncludedAmt0329005
IRS990ScheduleD/OtherExpensesNotIncludedAmt0390323
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0357069
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01210081
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CHANGE IN ACCRUED INTEREST 6,800. REPAYMENT OF BOND PRINCIPAL 320,000. AMORTIZED BOND PREMIUM 2,205.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DEPRECIATION EXPENSE 390,323.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011092658
IRS990ScheduleD/TotalExpensesPerForm990Amt01190170
IRS990ScheduleD/TotalLiabilityAmt0357069
IRS990ScheduleD/TotalRevenuePerForm990Amt01210081
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01210081
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01128852
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0DATE THE REBATE COMPUTATION WAS PERFORMED: 01/27/2022
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE K, PART IV, ARBITRAGE, LINE 2C:
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02016-07-27
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0410958873
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum045362RAE7
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt016013353
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0CITY OF INDEPENDENCE MINNESOTA
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0PURCHASE AND BUILD SCHOOL
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/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt014669350
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt01024512
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0319491
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt01850000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02017
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt016013353
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBER OF THE CORPORATION IS BEACON ACADEMY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBER SHALL HAVE ONE HUNDRED PERCENT OF THE MEMBER VOTING POWER. THE MEMBER MAY FILL VACANCIES OCCURRING ON THE BOARD BY APPOINTMENT PROVIDED THAT APPOINTMENT SHALL BE A PERSON FROM THE SAME CATEGORY OF MEMBERSHIP AS THE PERSON BEING REPLACED. THE MEMBER MAY REMOVE ANY DIRECTOR FROM OFFICE WITH OR WITHOUT CAUSE; THE MEMBER SHALL APPOINT A NEW DIRECTOR TO REPLACE THE DIRECTOR BEING REMOVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE SCHOOL'S MANAGEMENT. THE REVIEWED DRAFT OF THE FORM 990 IS THEN SENT TO THE BOARD FOR FINAL REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION 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/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 1:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BEACON ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0200158631
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03415 LOUISIANA AVE N
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CRYSTAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055427
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt014860127
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt014537922
IRS990/TaxExemptBondsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt013434869
IRS990/TotalAssetsEOYAmt013173422
IRS990/TotalAssetsGrp/BOYAmt013434869
IRS990/TotalAssetsGrp/EOYAmt013173422
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01190170
IRS990/TotalFunctionalExpensesGrp/TotalAmt01190170
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015378100
IRS990/TotalLiabilitiesEOYAmt015096742
IRS990/TotalLiabilitiesGrp/BOYAmt015378100
IRS990/TotalLiabilitiesGrp/EOYAmt015096742
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1943231
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1923320
IRS990/TotalOtherCompensationAmt011298
IRS990/TotalProgramServiceExpensesAmt01190170
IRS990/TotalProgramServiceRevenueAmt01113388
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt096693
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01113388
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01210081
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013434869
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013173422
IRS990/TotReportableCompRltdOrgAmt0102414
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03415 LOUISIANA AVE N
IRS990/USAddress/CityNm0CRYSTAL
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055427
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.BEACONACADEMY.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.