Civic Intelligence

Best Academy Inc.

990 • Fiscal year 2017 • EIN 26-1221063

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 12, 2018

Organization ProfileWWW.THEBESTACADEMY.ORG
1300 Olson Memorial HwyMinneapolis, MN 55411

(612) 381-9743

Siviq Scores

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

Liabilities / Assets

98th percentile

1.46x

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

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

Liabilities / Revenue

84th percentile

1.47x

Higher debt load relative to revenue than 84% of similar nonprofits.

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

Net Margin

10th percentile

-22%

Higher net margin than 10% of similar nonprofits.

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

Top Officer Pay

26th percentile

$110,167

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

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

Asset Growth

98th percentile

138%

Faster asset growth than 98% of similar nonprofits.

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

Revenue Growth

70th percentile

15%

Faster revenue growth than 70% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$11,984,926

Up $6,959,513 (+138%) from 2016

Net Assets

Down

-$5,471,997

Down $2,652,622 (-94%) from 2016

Liabilities

Up

$17,456,923

Up $9,612,135 (+123%) from 2016

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin10th percentile

Revenue

Up

$11,871,696

Up $1,514,270 (+15%) from 2016

Expenses

Up

$14,524,318

Up $3,526,261 (+32%) from 2016

Net Income

Down

-$2,652,622

Down $2,011,991 (-314%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$30M$20M$10M$0-$10M-$20MAssets 2011: $1,339,485Liabilities 2011: $698,726Net Assets 2011: $640,7592011Assets 2012: $1,812,495Liabilities 2012: $694,620Net Assets 2012: $1,117,8752012Assets 2013: $2,218,655Liabilities 2013: $471,979Net Assets 2013: $1,746,6762013Assets 2014: $2,434,721Liabilities 2014: $412,959Net Assets 2014: $2,021,7622014Assets 2015: $2,621,808Liabilities 2015: $4,800,552Net Assets 2015: -$2,178,7442015Assets 2016: $5,025,413Liabilities 2016: $7,844,788Net Assets 2016: -$2,819,3752016Assets 2017: $11,984,926Liabilities 2017: $17,456,923Net Assets 2017: -$5,471,9972017Assets 2018: $15,400,377Liabilities 2018: $26,689,146Net Assets 2018: -$11,288,7692018Assets 2019: $9,458,388Liabilities 2019: $18,483,571Net Assets 2019: -$9,025,1832019Assets 2020: $9,076,682Liabilities 2020: $17,935,011Net Assets 2020: -$8,858,3292020Assets 2021: $10,985,443Liabilities 2021: $22,732,279Net Assets 2021: -$11,746,8362021Assets 2022: $16,956,196Liabilities 2022: $23,178,944Net Assets 2022: -$6,222,7482022Assets 2023: $15,163,606Liabilities 2023: $20,097,116Net Assets 2023: -$4,933,5102023Assets 2024: $12,162,385Liabilities 2024: $20,219,471Net Assets 2024: -$8,057,0862024

Highlighted filing

2017

Assets$11,984,926
Liabilities$17,456,923
Net Assets-$5,471,997
Open 2017 Filing

Operations Trend

Revenue Growth70th percentile

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

$20M$10M$0-$10MExpenses 2011: $5,668,1352011Expenses 2012: $6,395,8382012Expenses 2013: $6,561,6912013Revenue 2014: $7,623,268Expenses 2014: $7,348,182Net Income 2014: $275,0862014Revenue 2015: $9,164,233Expenses 2015: $9,750,699Net Income 2015: -$586,4662015Revenue 2016: $10,357,426Expenses 2016: $10,998,057Net Income 2016: -$640,6312016Revenue 2017: $11,871,696Expenses 2017: $14,524,318Net Income 2017: -$2,652,6222017Revenue 2018: $10,262,712Expenses 2018: $12,482,237Net Income 2018: -$2,219,5252018Revenue 2019: $12,697,027Expenses 2019: $10,133,441Net Income 2019: $2,563,5862019Revenue 2020: $13,545,061Expenses 2020: $13,378,207Net Income 2020: $166,8542020Revenue 2021: $14,343,198Expenses 2021: $14,288,965Net Income 2021: $54,2332021Revenue 2022: $18,938,586Expenses 2022: $13,414,498Net Income 2022: $5,524,0882022Revenue 2023: $16,665,161Expenses 2023: $15,159,124Net Income 2023: $1,506,0372023Revenue 2024: $16,399,242Expenses 2024: $19,509,850Net Income 2024: -$3,110,6082024

Highlighted filing

2017

Revenue$11,871,696
Expenses$14,524,318
Net Income-$2,652,622
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 12, 2018
Return Version
2016v3.0
Gross Receipts
$11,871,696
Mission and Program Overview

Mission

To instruct, empower, enable and guide african american children to achieve superior academic, social and moral development.

To instruct, empower, enable, and guide children to achieve superior academic, social, and moral development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,586,104$1,694,001▲ $107,897
Land, Buildings, and Equipment, Net$240,557$173,477▼ $67,080
Pd in Cap Srpls Land Bldg Eqp Fund$240,557$173,477▼ $67,080
Cash and Non-Interest-Bearing Accounts$398,965$142,764▼ $256,201
Prepaid Expenses and Deferred Charges$13$78,081▲ $78,068
Pledges and Grants Receivable-$53,191-
Savings and Temporary Cash Investments-$27,036-
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-3,059,932$-5,645,474▼ $2,585,542
Total Assets$5,025,413$11,984,926▲ $6,959,513
Other Assets Total$2,799,774$9,816,376▲ $7,016,602
Liabilities
Other Liabilities$6,717,336$16,128,269▲ $9,410,933
Accounts Payable and Accrued Expenses$1,127,452$619,093▼ $508,359
Mortgage Notes Payable Secured by Investment Property-$499,087-
Deferred Revenue-$210,474-
Total Liabilities$7,844,788$17,456,923▲ $9,612,135
Net Assets / Fund Balance
Total Net Assets Fund Balance$-2,819,375$-5,471,997▼ $2,652,622
Total Liabilities and Net Assets / Fund Balance$5,025,413$11,984,926▲ $6,959,513

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$173,477$429,227$602,704
Other Assets Org$9,816,376--
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Fatou DiahamePrincipalFT$97,333$12,834$110,167
Brittany BurrowsBoard Member/teacher (part Year)FT$52,976$8,288$61,264
Meghan RoeggeBoard Member/teacherFT$48,141$3,611$51,752

Board Members and Trustees

NameTitle
Ezra HylandChair
Deandra KnightenBoard Member
Rita GordonBoard Member
Hassan GuledBoard Member (part Year)
Eric MahmoudCEO
Robert DotyCFO
Anura Si-asarSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Harvest Network Of SchoolsCharter Management1300 OLSON MEMORIAL HWY, Minneapolis, MN 55411$1,015,720
Minneapolis Public SchoolsBuilding Lease1250 W BROADWAY AVE, Minneapolis, MN 55411$848,895
Minnehaha TransportationStudent Transportation2507 WALNUT ST, Roseville, MN 55113$726,774
Seed DaycareBuilding Lease1300 OLSON MEMORIAL HWY, Minneapolis, MN 55411$370,591
Metropolitan Transportation Network INCStudent Transportation8260 HICKORY ST, Fridley, MN 55432$353,119
Revenue and Support

Revenue Composition

Contributions and Grants
$11,830,455
Program Service Revenue
$5,695
Investment Income
$1
Other Revenue
$35,545
All Other Contributions
$135,497
Change in Net Assets
$-2,652,622

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,871,696
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$11,871,696
Total Revenue per Form 990
$11,871,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,264,553
Salaries, Compensation, and Employee Benefits$6,259,765
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,521,971$547,329-$5,069,300
Occupancy$1,504,676$390,609-$1,895,285
Fees for Services Other$1,634,820$196,806-$1,831,626
Fees for Services Management-$959,959-$959,959
Pension Plan Contributions$351,435$40,219-$391,654
Payroll Taxes$350,989$40,368-$391,357
Current Officers, Directors, Trustees, and Key Employees$231,881--$231,881
Other Employee Benefits$158,525$17,048-$175,573
Interest$99,806--$99,806
Other Expenses$77,074$6,528-$83,602
Office Expenses$56,805$22,492-$79,297
Travel$48,526$6,886-$55,412
All Other Expenses$13,409$23,504-$36,913
Fees for Services Accounting-$30,674-$30,674
Insurance$27,044--$27,044
Information Technology-$8,193-$8,193
Fees for Services Legal-$70-$70
Total Functional Expenses$11,873,684$2,650,634$0$14,524,318

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,524,318
Total Expenses per Audited Statements$14,524,318
Total Expenses per Form 990$14,524,318
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Pension Liability$16,074,355
Due to Affiliate$53,914
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
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 B, Line 11B

“The cfo reviews the form 990 before it is filed.”

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

“The board has a written conflict of interest policy and the organization is in compliance with that policy. The chief compliance officer monitors all compliance matters and ensures that the conflict of interest policy is enforced.”

Form 990, Part VI, Section B, Line 15

“The salaries of the school principal and other school leaders are determined on an individual contract basis, based upon work experience and work performance. These salaries are regularly compared against local school district salaries. This process was last undertaken in 2017.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, form 990, and financial statements are made available to the public upon request.”

FORM 990, PART VII, SECTION A:

“Mr. Eric mahmoud and mr. Robert doty serve as officers of best academy, inc. Through the management agreement with harvest network of schools, inc. Accordingly, all compensation for their services is captured and reported as management fees paid and reported on part vii section b.”

Filing and Contact Details

Filer

Filer Name
Best Academy Inc
EIN
26-1221063
Phone
6123819743
Address
1300 OLSON MEMORIAL HWY, MINNEAPOLIS, MN 55411

Signing Officer

Name
Fatou Diahame
Title
Principal
Phone
6123819743
Signed
2018-04-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fatou Diahame
Formed
2007
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
4
Employees
207
Volunteers
250

Preparer

Firm
Redpath and Company Ltd
Address
4810 WHITE BEAR PARKWAY, WHITE BEAR LAKE, MN 55110
Preparer
Ashley C Rehn CPA
Phone
6514267000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Transportation fees: program service expenses 1,044,243. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,044,243. Consulting fees: program service expenses 176,560. Management and general expenses 85,272. Fundraising expenses 0. Total expenses 261,832. Other fees: program service expenses 414,017. Management and general expenses 111,534. Fundraising expenses 0. Total expenses 525,551.”

Financial Statement Notes

PART X, LINE 2:

“A tax expense or benefit from an uncertain income tax position (including tax-exempt status) may be recognized only when it is more likely than not that the position will be sustained upon examination by taxing authorities. Management believes the school has no uncertain income tax positions that would result in an accrual, expense or benefit under the more likely than not standard.”

Raw XML AppendixShowing 400 of 497 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/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER/TEACHER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER/TEACHER (PART YEAR)
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER (PART YEAR)
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt8CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9CFO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt011694958
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt011871696
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt08193
IRS990/InformationTechnologyGrp/TotalAmt08193
IRS990/InsuranceGrp/ProgramServicesAmt027044
IRS990/InsuranceGrp/TotalAmt027044
IRS990/InterestGrp/ProgramServicesAmt099806
IRS990/InterestGrp/TotalAmt099806
IRS990/InvestmentIncomeGrp/ExclusionAmt01
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0429227
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0240557
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0173477
IRS990/LandBldgEquipCostOrOtherBssAmt0602704
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO INSTRUCT, EMPOWER, ENABLE, AND GUIDE CHILDREN TO ACHIEVE SUPERIOR ACADEMIC, SOCIAL, AND MORAL DEVELOPMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0499087
IRS990/NetAssetsOrFundBalancesBOYAmt0-2819375
IRS990/NetAssetsOrFundBalancesEOYAmt0-5471997
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0390609
IRS990/OccupancyGrp/ProgramServicesAmt01504676
IRS990/OccupancyGrp/TotalAmt01895285
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt022492
IRS990/OfficeExpensesGrp/ProgramServicesAmt056805
IRS990/OfficeExpensesGrp/TotalAmt079297
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02799774
IRS990/OtherAssetsTotalGrp/EOYAmt09816376
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt017048
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0158525
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0175573
IRS990/OtherExpensesGrp/Desc0PENSION DEFERRAL ADJUST
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc2SMALL EQUIPMENT
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0335948
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt224001
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt36528
IRS990/OtherExpensesGrp/ProgramServicesAmt02493192
IRS990/OtherExpensesGrp/ProgramServicesAmt1239732
IRS990/OtherExpensesGrp/ProgramServicesAmt263799
IRS990/OtherExpensesGrp/ProgramServicesAmt377074
IRS990/OtherExpensesGrp/TotalAmt02829140
IRS990/OtherExpensesGrp/TotalAmt1239732
IRS990/OtherExpensesGrp/TotalAmt287800
IRS990/OtherExpensesGrp/TotalAmt383602
IRS990/OtherLiabilitiesGrp/BOYAmt06717336
IRS990/OtherLiabilitiesGrp/EOYAmt016128269
IRS990/OtherRevenueMiscGrp/BusinessCd0611110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt035545
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt035545
IRS990/OtherRevenueTotalAmt035545
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0547329
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04521971
IRS990/OtherSalariesAndWagesGrp/TotalAmt05069300
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt040368
IRS990/PayrollTaxesGrp/ProgramServicesAmt0350989
IRS990/PayrollTaxesGrp/TotalAmt0391357
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0240557
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0173477
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt040219
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0351435
IRS990/PensionPlanContributionsGrp/TotalAmt0391654
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt053191
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt078081
IRS990/PrincipalOfficerNm0FATOU DIAHAME
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0FEES FROM PATRONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05695
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05695
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt010304758
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02
IRS990/PYOtherExpensesAmt05161825
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt052666
IRS990/PYRevenuesLessExpensesAmt0-640631
IRS990/PYSalariesCompEmpBnftPaidAmt05836232
IRS990/PYTotalExpensesAmt010998057
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010357426
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2652622
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05695
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt027036
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0173477
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0429227
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0602704
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt014524318
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt09816376
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RESOURCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016074355
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt153914
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO AFFILIATE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011871696
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN INCOME TAX POSITION (INCLUDING TAX-EXEMPT STATUS) MAY BE RECOGNIZED ONLY WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT BELIEVES THE SCHOOL HAS NO UNCERTAIN INCOME TAX POSITIONS THAT WOULD RESULT IN AN ACCRUAL, EXPENSE OR BENEFIT UNDER THE MORE LIKELY THAN NOT STANDARD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0173477
IRS990ScheduleD/TotalBookValueOtherAssetsAmt09816376
IRS990ScheduleD/TotalExpensesPerForm990Amt014524318
IRS990ScheduleD/TotalLiabilityAmt016128269
IRS990ScheduleD/TotalRevenuePerForm990Amt011871696
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011871696
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt014524318
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NONDISCRIMNATORY CLAUSE APPEARS ON BEST ACADEMY'S BROCHURE AND APPLICATIONS FOR ADMISSION AND EMPLOYMENT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NA
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS A CHARTER SCHOOL UNDER MINNESOTA STATUTE. THIS CLASSIFICATION ENTITLES THE ORGANIZATION TO THE SAME FUNDING AVAILABLE TO PUBLIC SCHOOLS WITHIN THE STATE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CFO REVIEWS THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD HAS A WRITTEN CONFLICT OF INTEREST POLICY AND THE ORGANIZATION IS IN COMPLIANCE WITH THAT POLICY. THE CHIEF COMPLIANCE OFFICER MONITORS ALL COMPLIANCE MATTERS AND ENSURES THAT THE CONFLICT OF INTEREST POLICY IS ENFORCED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SALARIES OF THE SCHOOL PRINCIPAL AND OTHER SCHOOL LEADERS ARE DETERMINED ON AN INDIVIDUAL CONTRACT BASIS, BASED UPON WORK EXPERIENCE AND WORK PERFORMANCE. THESE SALARIES ARE REGULARLY COMPARED AGAINST LOCAL SCHOOL DISTRICT SALARIES. THIS PROCESS WAS LAST UNDERTAKEN IN 2017.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.

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Filings

Displayed year

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

Open filing
Assets
$11,984,926
Liabilities
$17,456,923
Net assets
-$5,471,997
Revenue
$11,871,696
Expenses
$14,524,318
Net income
-$2,652,622
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.2$20.2$8.06$16.4$19.5$3.11
2023Detailed filing. Detailed filing data is available for this year.$15.2$20.1$4.93$16.7$15.2$1.51
2022Detailed filing. Detailed filing data is available for this year.$17.0$23.2$6.22$18.9$13.4$5.52
2021Detailed filing. Detailed filing data is available for this year.$11.0$22.7$11.7$14.3$14.3$0.05
2020Detailed filing. Detailed filing data is available for this year.$9.08$17.9$8.86$13.5$13.4$0.17
2019Detailed filing. Detailed filing data is available for this year.$9.46$18.5$9.03$12.7$10.1$2.56
2018Detailed filing. Detailed filing data is available for this year.$15.4$26.7$11.3$10.3$12.5$2.22
2017Detailed filing. Detailed filing data is available for this year.$12.0$17.5$5.47$11.9$14.5$2.65
2016Detailed filing. Detailed filing data is available for this year.$5.03$7.84$2.82$10.4$11.0$0.64
2015Detailed filing. Detailed filing data is available for this year.$2.62$4.80$2.18$9.16$9.75$0.59
2014Detailed filing. Detailed filing data is available for this year.$2.43$0.41$2.02$7.62$7.35$0.28
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.22$0.47$1.75$6.56
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$0.69$1.12$6.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.70$0.64$5.67