Civic Intelligence

Aspen Academy

990 • Fiscal year 2013 • EIN 26-1305369

Jul 01, 2012 to Jun 30, 2013 • Filed on May 01, 2014

Organization ProfileWWW.ASPENACADEMYMN.ORG
14825 Zinran Avenue55378
Siviq Scores

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

Liabilities / Assets

49th percentile

0.11x

Higher debt load relative to assets than 49% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

85th percentile

25%

Faster asset growth than 85% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$1,841,375

Up $363,205 (+25%) from 2012

Net Assets

Up

$1,633,729

Up $325,498 (+25%) from 2012

Liabilities

Up

$207,646

Up $37,707 (+22%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$3,244,471

Up $934,485 (+40%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$10M$5.0M$0-$5.0MAssets 2011: $1,107,834Liabilities 2011: $100,577Net Assets 2011: $1,007,2572011Assets 2012: $1,478,170Liabilities 2012: $169,939Net Assets 2012: $1,308,2312012Assets 2013: $1,841,375Liabilities 2013: $207,646Net Assets 2013: $1,633,7292013Assets 2014: $2,123,097Liabilities 2014: $230,158Net Assets 2014: $1,892,9392014Assets 2015: $3,089,028Liabilities 2015: $2,712,353Net Assets 2015: $376,6752015Assets 2016: $3,125,519Liabilities 2016: $2,988,638Net Assets 2016: $136,8812016Assets 2017: $8,254,870Liabilities 2017: $9,488,422Net Assets 2017: -$1,233,5522017Assets 2018: $6,884,387Liabilities 2018: $9,440,415Net Assets 2018: -$2,556,0282018Assets 2019: $5,685,013Liabilities 2019: $7,562,770Net Assets 2019: -$1,877,7572019Assets 2020: $4,684,202Liabilities 2020: $6,863,443Net Assets 2020: -$2,179,2412020Assets 2021: $3,938,635Liabilities 2021: $6,281,614Net Assets 2021: -$2,342,9792021Assets 2022: $4,071,850Liabilities 2022: $6,244,040Net Assets 2022: -$2,172,1902022Assets 2023: $4,495,976Liabilities 2023: $5,820,968Net Assets 2023: -$1,324,9922023Assets 2024: $4,114,520Liabilities 2024: $5,103,120Net Assets 2024: -$988,6002024

Highlighted filing

2013

Assets$1,841,375
Liabilities$207,646
Net Assets$1,633,729
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0-$5.0MExpenses 2011: $1,711,1532011Expenses 2012: $2,309,9862012Expenses 2013: $3,244,4712013Revenue 2014: $4,482,692Expenses 2014: $4,223,482Net Income 2014: $259,2102014Revenue 2015: $5,004,836Expenses 2015: $4,803,413Net Income 2015: $201,4232015Revenue 2016: $4,942,545Expenses 2016: $5,182,339Net Income 2016: -$239,7942016Revenue 2017: $5,254,706Expenses 2017: $6,625,139Net Income 2017: -$1,370,4332017Revenue 2018: $5,522,134Expenses 2018: $6,844,610Net Income 2018: -$1,322,4762018Revenue 2019: $6,246,712Expenses 2019: $6,478,352Net Income 2019: -$231,6402019Revenue 2020: $6,560,281Expenses 2020: $6,482,608Net Income 2020: $77,6732020Revenue 2021: $7,812,617Expenses 2021: $7,694,926Net Income 2021: $117,6912021Revenue 2022: $8,026,895Expenses 2022: $7,986,795Net Income 2022: $40,1002022Revenue 2023: $7,906,430Expenses 2023: $7,639,776Net Income 2023: $266,6542023Revenue 2024: $8,481,380Expenses 2024: $8,319,746Net Income 2024: $161,6342024

Highlighted filing

2013

Revenue-
Expenses$3,244,471
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 1, 2014
Return Version
2012v2.1
Gross Receipts
$3,571,223
Mission and Program Overview

Mission

SEE PAGE 1, LINE 1.

Filing and Contact Details

Filer

EIN
26-1305369
Raw XML AppendixShowing 400 of 469 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/Description0ASPEN ACADEMY OFFERS SMALL CLASS SIZES THAT PROVIDE A SENSE OF COMMUNITY. ASPEN ACADEMY PROVIDES A LITERATURE-RICH, CORE KNOWLEDGE CURRICULUM WHICH INCLUDES SINGAPORE MATH. ASPEN ACADEMY HAS AN ELEMENTARY SPANISH, ART, MUSIC AND PHY ED PROGRAMS. AVERAGE DAILY ENROLLMENT FOR THE YEAR ENDED JUNE 30, 2013 WAS 417 STUDENTS SPREAD FROM KINDERGARTEN THROUGH SIXTH GRADE.
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IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson2TIFFANY RYAN
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IRS990ScheduleO/GeneralExplanation/Explanation0ALL STAFF MEMBERS WHO ARE EMPLOYED AT THE SCHOOL, INCLUDING TEACHERS PROVIDING INSTRUCTION UNDER A COOPERATIVE, AND ALL PARENTS OF CHILDREN ENROLLED IN THE SCHOOL MAY VOTE IN THE BOARD MEMBER ELECTION. EACH FAMILY OF AN ENROLLED STUDENT WILL GET A MAXIMUM OF TWO VOTES; THOSE VOTES WILL BE CAST BY THE PARENTS OR LEGAL GUARDIANS OF THE STUDENT ONLY.
IRS990ScheduleO/GeneralExplanation/Explanation1THE FORM 990 WAS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED AND APPROVED BY THE FINANCE COMMITTEE. A COPY WAS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/GeneralExplanation/Explanation2THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS. THE DETERMINATION AS TO WHETHER A CONFLICT OF INTEREST EXISTS IS TO BE MADE BY THE SCHOOL BOARD. ANY SCHOOL BOARD MEMBER WHO HAS AN ACTUAL OR POTENTIAL CONFLICT SHALL NOTIFY THE SCHOOL BOARD OF SUCH CONFLICT IMMEDIATELY. THE SCHOOL BOARD MEMBER SHALL THEREAFTER COOPERATE WITH THE SCHOOL BOARD AS NECESSARY FOR THE SCHOOL BOARD TO MAKE ITS DETERMINATION. WHEN A CONFLICT OF INTEREST EXISTS WITH A BANK OR SAVINGS ASSOCIATION, THE CONFLICTED BOARD MEMBER MUST DISCLOSE THEIR INTEREST AND THE INTEREST MUST BE DOCUMENTED IN THE MINUTES. WHEN A CONFLICT OF INTEREST EXISTS RELATING TO A CONTRACT FOR WHICH COMPETITIVE BIDS ARE NOT REQUIRED BY LAW, THE SCHOOL BOARD MEMBER MUST FILE AN AFFIDAVIT CONTAINING THE MEMBER'S INTEREST AND THE CONTRACT'S TERMS WITH THE SCHOOL BOARD CLERK, AND THE SCHOOL BOARD MUST AUTHORIZE THE CONTRACT IN ADVANCE OF ITS PERFORMANCE DETERMINING THAT THE PRICE IS APPROPRIATE. THE SCHOOL BOARD MUST UNANIMOUSLY APPROVE INTERESTED CONTRACTS WHEN THEY RELATE TO: BANKS/SAVING ASSOCIATIONS; THE DESIGNATION OF AN OFFICIAL NEWSPAPER, OR PUBLICATION OF OFFICIAL MATTERS; CONTRACTS WITH A COOPERATIVE ASSOCIATION OF WHICH THE MEMBER IS A SHAREHOLDER BUT NOT A MANAGER OR OFFICER; CONTRACTS FOR WHICH COMPETITIVE BIDS ARE NOT REQUIRED BY LAW; CONTRACTS TO RENT SPACE IN A PUBLIC FACILITY TO THE SCHOOL. THE SCHOOL BOARD MUST APPROVE INTEREST CONTRACTS BY A MAJORITY WHEN ALL MEMBERS ARE PRESENT WHEN THEY RELATE TO THE COMPENSATING A BOARD MEMBER - THE MEMBER MAY NOT EARN MORE THAN $5,000 IN A FISCAL YEAR.
IRS990ScheduleO/GeneralExplanation/Explanation3THE BOARD REVIEWS THE SCHOOL DIRECTOR'S PERFORMANCE AND USES MARKET RATE ANALYSIS TO DETERMINE THE COMPENSATION OF SCHOOL DIRECTOR. THE SCHOOL DIRECTOR USES THE STARTING PAY SCALE BASED ON NUMBER OF YEARS OF EXPERIENCE IN THE CLASSROOM TO DETERMINE THE SCHOOL TEACHERS' COMPENSATION. THESE PROCESSES WERE LAST UNDERTAKEN IN 2012, INCLUDING THE SCHOOL DIRECTOR C. SHERAR.
IRS990ScheduleO/GeneralExplanation/Explanation4THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation5THE 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/GeneralExplanation/Identifier0EXPLANATION OF METHOD OF ACCOUNTING
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART XII, LINE 1
IRS990/ScheduleORequired01
IRS990/School01
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MN
IRS990/StatesWhereCopyOfReturnIsFiled0MN
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1022488 CHIPPENDALE AVENUE
IRS990/TheBooksAreInCareOf/AddressUS/City0FARMINGTON
IRS990/TheBooksAreInCareOf/AddressUS/State0MN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode055024
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10BELTZ KES DARLING AND ASSOCIATES
IRS990/TheBooksAreInCareOf/TelephoneNumber06514632233
IRS990/TotalAssets/BOY01478170
IRS990/TotalAssetsBOY01478170
IRS990/TotalAssets/EOY01841375
IRS990/TotalAssetsEOY01841375
IRS990/TotalCompGT150K00

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,841,375
Liabilities
$207,646
Net assets
$1,633,729
Revenue
-
Expenses
$3,244,471
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.11$5.10$0.99$8.48$8.32$0.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.50$5.82$1.32$7.91$7.64$0.27
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.07$6.24$2.17$8.03$7.99$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.94$6.28$2.34$7.81$7.69$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.68$6.86$2.18$6.56$6.48$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.69$7.56$1.88$6.25$6.48$0.23
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.88$9.44$2.56$5.52$6.84$1.32
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.25$9.49$1.23$5.25$6.63$1.37
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.13$2.99$0.14$4.94$5.18$0.24
2015Detailed filing. Detailed filing data is available for this year.$3.09$2.71$0.38$5.00$4.80$0.20
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.12$0.23$1.89$4.48$4.22$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.21$1.63$3.24
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.48$0.17$1.31$2.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.10$1.01$1.71