Civic Intelligence

Innovative Quality Schools

990 • Fiscal year 2016 • EIN 27-0574007

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 15, 2016

Organization ProfileWWW.IQSMN.ORG
PO Box 40219St Paul, MN 55101

(612) 492-7000

Siviq Scores

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

Liabilities / Assets

76th percentile

0.08x

Higher debt load relative to assets than 76% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

73rd percentile

0.03x

Higher debt load relative to revenue than 73% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

76th percentile

19%

Higher net margin than 76% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

19th percentile

-21%

Faster asset growth than 19% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

71st percentile

18%

Faster revenue growth than 71% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$128,806

Down $35,215 (-21%) from 2015

Net Assets

Up

$118,224

Up $62,850 (+114%) from 2015

Liabilities

Down

$10,582

Down $98,065 (-90%) from 2015

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin76th percentile

Revenue

Up

$326,169

Up $49,233 (+18%) from 2015

Expenses

Up

$263,319

Up $26,559 (+11%) from 2015

Net Income

Up

$62,850

Up $22,674 (+56%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$600K$400K$200K$0-$200KAssets 2012: $26,410Liabilities 2012: $28,454Net Assets 2012: -$2,0442012Assets 2013: $48,829Liabilities 2013: $33,735Net Assets 2013: $15,0942013Assets 2014: $122,935Liabilities 2014: $107,737Net Assets 2014: $15,1982014Assets 2015: $164,021Liabilities 2015: $108,647Net Assets 2015: $55,3742015Assets 2016: $128,806Liabilities 2016: $10,582Net Assets 2016: $118,2242016Assets 2017: $216,255Liabilities 2017: $19,114Net Assets 2017: $197,1412017Assets 2018: $254,642Liabilities 2018: $29,828Net Assets 2018: $224,8142018Assets 2019: $225,694Liabilities 2019: $12,371Net Assets 2019: $213,3232019Assets 2020: $253,981Liabilities 2020: $2,034Net Assets 2020: $251,9472020Assets 2021: $327,339Liabilities 2021: $27,035Net Assets 2021: $300,3042021Assets 2022: $388,465Liabilities 2022: $41,920Net Assets 2022: $346,5452022Assets 2023: $358,447Liabilities 2023: $29,182Net Assets 2023: $329,2652023Assets 2024: $358,049Liabilities 2024: $16,506Net Assets 2024: $341,5432024Assets 2025: $436,431Liabilities 2025: $89,723Net Assets 2025: $346,7082025

Highlighted filing

2016

Assets$128,806
Liabilities$10,582
Net Assets$118,224
Open 2016 Filing

Operations Trend

Revenue Growth71st percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2012: $61,4612012Expenses 2013: $197,3472013Revenue 2014: $250,971Expenses 2014: $250,867Net Income 2014: $1042014Revenue 2015: $276,936Expenses 2015: $236,760Net Income 2015: $40,1762015Revenue 2016: $326,169Expenses 2016: $263,319Net Income 2016: $62,8502016Revenue 2017: $366,710Expenses 2017: $287,793Net Income 2017: $78,9172017Revenue 2018: $417,907Expenses 2018: $390,234Net Income 2018: $27,6732018Revenue 2019: $408,347Expenses 2019: $419,838Net Income 2019: -$11,4912019Revenue 2020: $455,295Expenses 2020: $416,671Net Income 2020: $38,6242020Revenue 2021: $513,142Expenses 2021: $464,785Net Income 2021: $48,3572021Revenue 2022: $603,324Expenses 2022: $557,083Net Income 2022: $46,2412022Revenue 2023: $610,219Expenses 2023: $627,499Net Income 2023: -$17,2802023Revenue 2024: $648,812Expenses 2024: $623,484Net Income 2024: $25,3282024Revenue 2025: $636,658Expenses 2025: $631,493Net Income 2025: $5,1652025

Highlighted filing

2016

Revenue$326,169
Expenses$263,319
Net Income$62,850
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 15, 2016
Return Version
2015v3.0
Gross Receipts
$326,169
Mission and Program Overview

Mission

The mission of Innovative Quality Schools is to, "...authorize charter schools that are innovative and successful in preparing students to achieve their full potential...". Its vision is to, "...achieve success for all learners by supporting schools engaged in educational innovation...". Decisions made by the Innovative Quality Schools Board are guided by the following values:1) Focus on Innovation 2) Avoid Insularity3) Commit to Collaboration4) Embrace Diversity5) Instill Clarity and Transparency6) Transformation for Educational Excellence

The significant activities of iqs include: i) designing and implementing alternative means of measuring student and school success, ii) designing and implementing practices that will ensure iqs meets and exceeds all performance criteria as determined by the mde, iii) focusing its oversight efforts on student achievement, ensuring, that its schools continue to evolve and grow and, iv) disseminating information on the innovations of iqs schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$55,374$118,224▲ $62,850
Accounts Receivable$129,377$76,580▼ $52,797
Cash and Non-Interest-Bearing Accounts$34,644$52,226▲ $17,582
Total Assets$164,021$128,806▼ $35,215
Liabilities
Deferred Revenue$86,192--
Accounts Payable and Accrued Expenses$22,455$10,582▼ $11,873
Total Liabilities$108,647$10,582▼ $98,065
Net Assets / Fund Balance
Total Net Assets Fund Balance$55,374$118,224▲ $62,850
Total Liabilities and Net Assets / Fund Balance$164,021$128,806▼ $35,215
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Dan MottChair
Kristen AndersonVice Chair
Craig AmundsonDirector
David JohnsonDirector
Holly MarshDirector
Joe WhiteDirector
Steve KellyDirector
Arnie WeimerskirchSecretary
Ed DirkswagerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
StrategictrecManagement2115 SUNFLOWER LANE NE, Owatonna, MN 55060$148,375
Revenue and Support

Revenue Composition

Contributions and Grants
$1,400
Program Service Revenue
$324,758
Investment Income
$0
Other Revenue
$11
All Other Contributions
$1,400
Change in Net Assets
$62,850

Audited Revenue Reconciliation

Revenue per Audited Statements
$326,169
Total Revenue per Audited Statements
$326,169
Total Revenue per Form 990
$326,169
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$263,319
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
Fees for Services Management$148,375--$148,375
Fees for Services Other-$15,082-$15,082
Fees for Services Legal-$12,134-$12,134
Travel$6,648--$6,648
Insurance-$4,333-$4,333
Fees for Services Accounting-$3,966-$3,966
Other Expenses$3,225--$3,225
Information Technology$3,105--$3,105
Conferences and Meetings$2,320--$2,320
All Other Expenses$866--$866
Office Expenses$797--$797
Total Functional Expenses$227,804$35,515$0$263,319

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$263,319
Total Expenses per Audited Statements$263,319
Total Expenses per Form 990$263,319
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The board will be given the 990 to review prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Officers, directors, and key employees review this policy at start of each year and each is asked if they have any conflicts or potential conflicts to disclose. If so, they are asked to identify them in detail.”

Form 990, Page 6, Part VI, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Innovative Quality Schools
EIN
27-0574007
Phone
6124927000
Address
PO BOX 40219, ST PAUL, MN 55101

Signing Officer

Name
Kristen Anderson
Title
Vice Chair
Phone
6512125128
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Mott
Formed
2010
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
7

Preparer

Firm
Chuck Rinkey Ltd
Address
5775 WAYZATA BLVD STE 990, MINNEAPOLIS, MN 55416-1295
Preparer
Charles Rinkey
Phone
9525461052
Raw XML Appendix354 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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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0250971
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0214096
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt061372
IRS990ScheduleA/Total509Grp/TotalAmt01129544
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0326169
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0276936
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0250971
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0214485
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt061381
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01129942
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0263319
IRS990ScheduleD/RevenueSubtotalAmt0326169
IRS990ScheduleD/TotalExpensesPerForm990Amt0263319
IRS990ScheduleD/TotalRevenuePerForm990Amt0326169
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0326169
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0263319
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD WILL BE GIVEN THE 990 TO REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS, DIRECTORS, AND KEY EMPLOYEES REVIEW THIS POLICY AT START OF EACH YEAR AND EACH IS ASKED IF THEY HAVE ANY CONFLICTS OR POTENTIAL CONFLICTS TO DISCLOSE. IF SO, THEY ARE ASKED TO IDENTIFY THEM IN DETAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0128806
IRS990/TotalAssetsGrp/BOYAmt0164021
IRS990/TotalAssetsGrp/EOYAmt0128806
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01400
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035515
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0227804
IRS990/TotalFunctionalExpensesGrp/TotalAmt0263319
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0108647
IRS990/TotalLiabilitiesEOYAmt010582
IRS990/TotalLiabilitiesGrp/BOYAmt0108647
IRS990/TotalLiabilitiesGrp/EOYAmt010582
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt055374
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0118224
IRS990/TotalProgramServiceExpensesAmt0227804
IRS990/TotalProgramServiceRevenueAmt0324758
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0324769
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0326169
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0164021
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0128806
IRS990/TravelGrp/ProgramServicesAmt06648
IRS990/TravelGrp/TotalAmt06648
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.IQSMN.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KRISTEN ANDERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum06512125128
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INNOVATIVE QUALITY SCHOOLS
ReturnHeader/Filer/BusinessNameControlTxt0INNO
ReturnHeader/Filer/EIN0270574007
ReturnHeader/Filer/PhoneNum06124927000
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 40219
ReturnHeader/Filer/USAddress/CityNm0ST PAUL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055101
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411799235
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHUCK RINKEY LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05775 WAYZATA BLVD STE 990
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0554161295
ReturnHeader/PreparerPersonGrp/PhoneNum09525461052
ReturnHeader/PreparerPersonGrp/PreparationDt02017-01-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES RINKEY
ReturnHeader/ReturnTs02017-01-26T09:14:25-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$128,806
Liabilities
$10,582
Net assets
$118,224
Revenue
$326,169
Expenses
$263,319
Net income
$62,850
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.36$0.90$3.47$6.37$6.31$0.05
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.58$0.17$3.42$6.49$6.23$0.25
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.58$0.29$3.29$6.10$6.27$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.88$0.42$3.47$6.03$5.57$0.46
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.27$0.27$3.00$5.13$4.65$0.48
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.54$0.02$2.52$4.55$4.17$0.39
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.26$0.12$2.13$4.08$4.20$0.11
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$0.30$2.25$4.18$3.90$0.28
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.16$0.19$1.97$3.67$2.88$0.79
2016Detailed filing. Detailed filing data is available for this year.$1.29$0.11$1.18$3.26$2.63$0.63
2015Detailed filing. Detailed filing data is available for this year.$1.64$1.09$0.55$2.77$2.37$0.40
2014Detailed filing. Detailed filing data is available for this year.$1.23$1.08$0.15$2.51$2.51$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.34$0.15$1.97
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.28$0.02$0.61