Civic Intelligence

Spectrum Building Company

990 • Fiscal year 2018 • EIN 26-0425207

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 02, 2019

Organization ProfileWWW.SPECTRUMHIGHSCHOOL.ORG
17796 Industrial Circle NWElk River, MN 55330

(763) 241-8703

Siviq Scores

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

Liabilities / Assets

95th percentile

1.13x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

20.60x

Higher debt load relative to revenue than 98% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

4th percentile

-79%

Higher net margin than 4% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

17th percentile

$77,939

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

96th percentile

69%

Faster asset growth than 96% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

53rd percentile

4.9%

Faster revenue growth than 53% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$21,771,023

Up $8,890,648 (+69%) from 2017

Net Assets

Down

-$2,901,153

Down $940,399 (-48%) from 2017

Liabilities

Up

$24,672,176

Up $9,831,047 (+66%) from 2017

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin4th percentile

Revenue

Up

$1,197,527

Up $56,199 (+4.9%) from 2017

Expenses

Up

$2,137,926

Up $923,868 (+76%) from 2017

Net Income

Down

-$940,399

Down $867,669 (-1193%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$30M$20M$10M$0-$10MAssets 2012: $0Liabilities 2012: $44,218Net Assets 2012: -$44,2182012Assets 2013: $11,347,038Liabilities 2013: $12,127,586Net Assets 2013: -$780,5482013Assets 2014: $14,026,576Liabilities 2014: $15,539,073Net Assets 2014: -$1,512,4972014Assets 2015: $13,594,536Liabilities 2015: $15,334,482Net Assets 2015: -$1,739,9462015Assets 2016: $13,264,682Liabilities 2016: $15,152,706Net Assets 2016: -$1,888,0242016Assets 2017: $12,880,375Liabilities 2017: $14,841,129Net Assets 2017: -$1,960,7542017Assets 2018: $21,771,023Liabilities 2018: $24,672,176Net Assets 2018: -$2,901,1532018Assets 2019: $21,005,778Liabilities 2019: $23,736,360Net Assets 2019: -$2,730,5822019Assets 2020: $20,271,529Liabilities 2020: $23,609,330Net Assets 2020: -$3,337,8012020Assets 2021: $19,840,253Liabilities 2021: $23,263,292Net Assets 2021: -$3,423,0392021Assets 2022: $19,420,791Liabilities 2022: $22,962,427Net Assets 2022: -$3,541,6362022Assets 2023: $19,344,350Liabilities 2023: $22,577,989Net Assets 2023: -$3,233,6392023Assets 2024: $19,253,629Liabilities 2024: $22,455,797Net Assets 2024: -$3,202,1682024

Highlighted filing

2018

Assets$21,771,023
Liabilities$24,672,176
Net Assets-$2,901,153
Open 2018 Filing

Operations Trend

Revenue Growth53rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $0Expenses 2012: $44,218Net Income 2012: -$44,2182012Expenses 2013: $736,4362013Revenue 2014: $746,246Expenses 2014: $1,478,195Net Income 2014: -$731,9492014Revenue 2015: $1,065,356Expenses 2015: $1,292,805Net Income 2015: -$227,4492015Revenue 2016: $1,065,946Expenses 2016: $1,214,024Net Income 2016: -$148,0782016Revenue 2017: $1,141,328Expenses 2017: $1,214,058Net Income 2017: -$72,7302017Revenue 2018: $1,197,527Expenses 2018: $2,137,926Net Income 2018: -$940,3992018Revenue 2019: $1,323,098Expenses 2019: $1,152,527Net Income 2019: $170,5712019Revenue 2020: $1,337,958Expenses 2020: $1,655,177Net Income 2020: -$317,2192020Revenue 2021: $1,421,139Expenses 2021: $1,506,377Net Income 2021: -$85,2382021Revenue 2022: $1,379,520Expenses 2022: $1,498,117Net Income 2022: -$118,5972022Revenue 2023: $1,789,748Expenses 2023: $1,481,751Net Income 2023: $307,9972023Revenue 2024: $1,606,032Expenses 2024: $1,574,561Net Income 2024: $31,4712024

Highlighted filing

2018

Revenue$1,197,527
Expenses$2,137,926
Net Income-$940,399
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 2, 2019
Return Version
2017v2.3
Gross Receipts
$1,197,527
Mission and Program Overview

Mission

The organization's primary exempt purpose is to acquire and renovate property and lease to its supported organization, spectrum high school, a minnesota public charter school.

To acquire and renovate property and lease to spectrum high school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,627,854$16,083,546▲ $4,455,692
Savings and Temporary Cash Investments$1,191,402$4,258,927▲ $3,067,525
Cash and Non-Interest-Bearing Accounts-$94,238-
Accounts Receivable$61,119--
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-13,588,608$-557,923▲ $13,030,685
Pd in Cap Srpls Land Bldg Eqp Fund$11,627,854$-2,343,230▼ $13,971,084
Total Assets$12,880,375$21,771,023▲ $8,890,648
Other Assets Total$0$1,334,312▲ $1,334,312
Liabilities
Tax Exempt Bond Liabilities$14,747,851$22,780,015▲ $8,032,164
Accounts Payable and Accrued Expenses$59,416$855,776▲ $796,360
Other Liabilities$33,862$596,719▲ $562,857
Mortgage Notes Payable Secured by Investment Property-$439,666-
Total Liabilities$14,841,129$24,672,176▲ $9,831,047
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,960,754$-2,901,153▼ $940,399
Total Liabilities and Net Assets / Fund Balance$12,880,375$21,771,023▲ $8,890,648

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,583,964$1,872,136$13,456,100
Other Land Buildings$2,821,174-$2,821,174
Land$1,090,967-$1,090,967
Equipment$587,441$468,884$1,056,325
Other Assets Org$1,197,059--
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Rick PetersonBoard MemberPT$77,939$77,939
Tony BruntSecretaryPT$49,435$49,435
Scott GanglBoard MemberPT$44,106$44,106

Board Members and Trustees

NameTitle
Dave LucasBoard Chair
Tom SagstetterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,163,620
Investment Income
$33,907
Other Revenue
$0
Change in Net Assets
$-940,399

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,197,527
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$31,537,737
Total Revenue per Audited Statements
$32,735,264
Total Revenue per Form 990
$1,197,527
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,137,926
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$879,539--$879,539
Depreciation Depletion$429,583--$429,583
Fees for Services Legal-$179,449-$179,449
Fees for Services Other-$50,384-$50,384
Other Expenses-$50,000-$50,000
Occupancy-$47,026-$47,026
Fees for Services Accounting-$18,325-$18,325
Total Functional Expenses$1,309,122$828,804$0$2,137,926

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$30,044,981
Expenses Not Reported on Form 990$28,860,017
Total Expenses per Form 990$2,137,926
Expenses per Audited Statements$1,184,964
Expenses Not Reported on Financial Statements$952,962
Other Expense Adjustments$952,962
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$558,663
Due to Spectrum High School$38,056

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Bethel Minnesota2017-11-30$22,780,015Finance construction and refund bonds 2012a, 2014a and 2014b

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$22,780,015$104,114-$438,949

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
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
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
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 sole member of the organization is spectrum high school.”

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

“Spectrum high school, as the sole member, shall elect at least three directors, and up to five, with the majority comprised of the spectrum high school board of directors.”

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

“There are no committees with authority to act on behalf of the board of directors.”

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

“A draft of form 990 is reviewed by management prior to approval and signature.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Spectrum Building Company
EIN
26-0425207
Phone
7632418703
Address
17796 INDUSTRIAL CIRCLE NW, ELK RIVER, MN 55330

Signing Officer

Name
Rick Peterson
Title
Board Member
Phone
7632418703
Signed
2019-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dave Lucas
Formed
2007
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Bergankdv Ltd
Address
3800 AMERICAN BLVD WEST SUITE 1000, MINNEAPOLIS, MN 55431-4420
Preparer
Theresa Goette
Phone
9525636800
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Spectrum high school revenues 8,317,722. Bond proceeds 23,220,015.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Spectrum high school expenses 8,005,366. Payment to refunded bond escrow agent 15,969,041. Amortization of bond premium 334. Capitalized building and improvements 4,885,276.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Depreciation expense 429,583. Change in accrued interest 499,248. Amortization of deferred loss on refunded bonds 24,131.”

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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/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0371518372
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SPECTRUM HIGH SCHOOL
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt011583964
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01872136
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013456100
IRS990ScheduleD/EquipmentGrp/BookValueAmt0587441
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0468884
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01056325
IRS990ScheduleD/ExpensesNotReportedAmt028860017
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0952962
IRS990ScheduleD/ExpensesSubtotalAmt01184964
IRS990ScheduleD/LandGrp/BookValueAmt01090967
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01090967
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0137253
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11197059
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM SPECTRUM HIGH SCHOOL
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED OUTFLOWS - LOSS ON REFUNDING
IRS990ScheduleD/OtherExpensesIncludedAmt028860017
IRS990ScheduleD/OtherExpensesNotIncludedAmt0952962
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02821174
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02821174
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt038056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1558663
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SPECTRUM HIGH SCHOOL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/OtherRevenueAmt031537737
IRS990ScheduleD/RevenueNotReportedAmt031537737
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01197527
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SPECTRUM HIGH SCHOOL REVENUES 8,317,722. BOND PROCEEDS 23,220,015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECTRUM HIGH SCHOOL EXPENSES 8,005,366. PAYMENT TO REFUNDED BOND ESCROW AGENT 15,969,041. AMORTIZATION OF BOND PREMIUM 334. CAPITALIZED BUILDING AND IMPROVEMENTS 4,885,276.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DEPRECIATION EXPENSE 429,583. CHANGE IN ACCRUED INTEREST 499,248. AMORTIZATION OF DEFERRED LOSS ON REFUNDED BONDS 24,131.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016083546
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01334312
IRS990ScheduleD/TotalExpensesPerForm990Amt02137926
IRS990ScheduleD/TotalLiabilityAmt0596719
IRS990ScheduleD/TotalRevenuePerForm990Amt01197527
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt032735264
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt030044981
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02017-11-30
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0416004977
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0086759AM9
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt022780015
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0CITY OF BETHEL MINNESOTA
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0FINANCE CONSTRUCTION AND REFUND BONDS 2012A, 2014A AND 2014B
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt04029975
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt01276994
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0438949
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt0104114
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingEscrowAmt014752660
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt022780015
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt02177323
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SOLE MEMBER OF THE ORGANIZATION IS SPECTRUM HIGH SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SPECTRUM HIGH SCHOOL, AS THE SOLE MEMBER, SHALL ELECT AT LEAST THREE DIRECTORS, AND UP TO FIVE, WITH THE MAJORITY COMPRISED OF THE SPECTRUM HIGH SCHOOL BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT OF FORM 990 IS REVIEWED BY MANAGEMENT PRIOR TO APPROVAL AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SPECTRUM HIGH SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0371518372
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PUBLIC CHARTER SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt017796 INDUSTRIAL CIRCLE NW
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ELK RIVER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd055330
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt014747851
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt022780015
IRS990/TaxExemptBondsInd01
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt012880375
IRS990/TotalAssetsEOYAmt021771023
IRS990/TotalAssetsGrp/BOYAmt012880375
IRS990/TotalAssetsGrp/EOYAmt021771023
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0828804
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01309122
IRS990/TotalFunctionalExpensesGrp/TotalAmt02137926
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014841129

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,771,023
Liabilities
$24,672,176
Net assets
-$2,901,153
Revenue
$1,197,527
Expenses
$2,137,926
Net income
-$940,399
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$19.3$22.5$3.20$1.61$1.57$0.03
2023Detailed filing. Detailed filing data is available for this year.$19.3$22.6$3.23$1.79$1.48$0.31
2022Detailed filing. Detailed filing data is available for this year.$19.4$23.0$3.54$1.38$1.50$0.12
2021Detailed filing. Detailed filing data is available for this year.$19.8$23.3$3.42$1.42$1.51$0.09
2020Detailed filing. Detailed filing data is available for this year.$20.3$23.6$3.34$1.34$1.66$0.32
2019Detailed filing. Detailed filing data is available for this year.$21.0$23.7$2.73$1.32$1.15$0.17
2018Detailed filing. Detailed filing data is available for this year.$21.8$24.7$2.90$1.20$2.14$0.94
2017Detailed filing. Detailed filing data is available for this year.$12.9$14.8$1.96$1.14$1.21$0.07
2016Detailed filing. Detailed filing data is available for this year.$13.3$15.2$1.89$1.07$1.21$0.15
2015Detailed filing. Detailed filing data is available for this year.$13.6$15.3$1.74$1.07$1.29$0.23
2014Detailed filing. Detailed filing data is available for this year.$14.0$15.5$1.51$0.75$1.48$0.73
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.3$12.1$0.78$0.74
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.04$0.04$0.00$0.04$0.04