Civic Intelligence

Innovative Quality Schools

990 • Fiscal year 2018 • EIN 27-0574007

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 28, 2019

Organization Profilewww.iqsmn.org
PO Box 40219St Paul, MN 55101

(651) 234-0900

Siviq Scores

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

Liabilities / Assets

79th percentile

0.12x

Higher debt load relative to assets than 79% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

80th percentile

0.07x

Higher debt load relative to revenue than 80% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

57th percentile

6.6%

Higher net margin than 57% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

70th percentile

18%

Faster asset growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

67th percentile

14%

Faster revenue growth than 67% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$254,642

Up $38,387 (+18%) from 2017

Net Assets

Up

$224,814

Up $27,673 (+14%) from 2017

Liabilities

Up

$29,828

Up $10,714 (+56%) from 2017

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin57th percentile

Revenue

Up

$417,907

Up $51,197 (+14%) from 2017

Expenses

Up

$390,234

Up $102,441 (+36%) from 2017

Net Income

Down

$27,673

Down $51,244 (-65%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth70th 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

2018

Assets$254,642
Liabilities$29,828
Net Assets$224,814
Open 2018 Filing

Operations Trend

Revenue Growth67th 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

2018

Revenue$417,907
Expenses$390,234
Net Income$27,673
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 28, 2019
Return Version
2017v2.3
Gross Receipts
$417,907
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 mission of Innovative Quality Schools is to authorize charter schools that are innovative and successful in preparing students to achieve their full potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$117,173$103,390▼ $13,783
Cash and Non-Interest-Bearing Accounts$99,082$100,882▲ $1,800
Savings and Temporary Cash Investments-$50,370-
Total Assets$216,255$254,642▲ $38,387
Liabilities
Accounts Payable and Accrued Expenses$19,114$29,828▲ $10,714
Total Liabilities$19,114$29,828▲ $10,714
Net Assets / Fund Balance
Unrestricted Net Assets$197,141$224,814▲ $27,673
Total Net Assets Fund Balance$197,141$224,814▲ $27,673
Total Liabilities and Net Assets / Fund Balance$216,255$254,642▲ $38,387
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Steve KelleyChair
Holly DaytonVice Chair
Dan MottDirector
David JohnsonDirector
Ed DirkswagerDirector
Kristin AndersonDirector
Sarah TucherTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
StrategicTrec LLCLeadership, management and administrativ2115 Sunflower Lane NE, Owatonna, MN 55060$161,596
Revenue and Support

Revenue Composition

Contributions and Grants
$200
Program Service Revenue
$417,642
Investment Income
$65
Other Revenue
$0
All Other Contributions
$200
Change in Net Assets
$27,673

Audited Revenue Reconciliation

Revenue per Audited Statements
$417,907
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$417,907
Total Revenue per Form 990
$417,907
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$390,234
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$145,436$16,160-$161,596
Fees for Services Other$137,576--$137,576
Conferences and Meetings$23,434$1,439-$24,873
Fees for Services Accounting$18,475--$18,475
Insurance-$4,569-$4,569
Fees for Services Legal$3,482--$3,482
Information Technology-$2,120-$2,120
Travel$418--$418
Other Expenses$99$180-$279
Total Functional Expenses$360,766$29,468$0$390,234

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$390,234
Total Expenses per Audited Statements$390,234
Total Expenses per Form 990$390,234
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Laurie SchroederDaugther of Craig Amundson who is a current Board member.Laurie Schroeder is under contract with Innovative Quality Schools (IQS) to manage the communciation and reporting relationship with five IQS charter schools. She also performs oversight work within her area of academic expertise at an hourly wage. This oversight work is done as part of a cadre group of individuals who all receive the same hourly wage for work performed.No$15,539
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
Yes
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, Part VI, Section A, line 2

“One Board member (father) is related to a vendor (daughter) used by the management team to perform Cadre services. Both parties documented the conflict and the Board member did not act as a supervisor of nor had management responsibility for the vendor. Further, the Board member was not involved in any part of the procurement and payment processes.”

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

“A draft of Form 990 and related schedules are circulated to the Finance Committee for review before being provided to the Board of Directors for review and approval prior to filing the return.”

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

“Officers, members of the Board of Directors, and independent contractors are expected to self-disclose any conflicts of interest that arise at the time of relevance and at the start of each fiscal year.”

Form 990, Part VI, Section C, line 19

“The information is available upon request. Policies are established and approved by the governing body.”

Filing and Contact Details

Filer

Filer Name
Innovative Quality Schools
EIN
27-0574007
Phone
6512340900
Address
PO Box 40219, St Paul, MN 55101

Signing Officer

Name
Steve Kelly
Title
Board Chair
Phone
6124927000
Signed
2019-02-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Kelly
Formed
2010
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Malloy Montague Karnowski Radosevich
Address
5353 Wayzata Blvd Ste 410, Minneapolis, MN 55416
Preparer
Victoria L Holinka
Phone
9525450424
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Applications and oversight: Program service expenses 71,830. Management and general expenses 0. Fundraising expenses 0. Total expenses 71,830. Leader contracts: Program service expenses 50,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 50,000. Application review: Program service expenses 4,240. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,240. Authorizer evaluation services: Program service expenses 11,506. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,506.”

Part XII, Line 2C Explanation

“The Finance Committee assumes responsibility for oversight of the audit and the selection of the Independent Accountant. This process has not changed from the prior year.”

Related Organization Compensation

“Made an effort to obtain information regarding whether compensation received by board members, if any, was paid from a related organization. No transactions noted.”

Financial Statement Notes

Part X, Line 2:

“Innovative Quality Schools is exempt from taxation as a nonprofit corporation in accordance with Code Section 501(c)(3) of the Internal Revenue Code and comparable state law, and contributions to it are tax deductible within the limitations prescribed by the code. Innovative Quality Schools follows the recognition requirements for uncertain income tax positions required by the Financial Accounting Standards Board Accounting Standards Codification 740-10. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. Innovative Quality Schools has analyzed tax positions taken for filing with Internal Revenue Service and the state jurisdiction where it operates. Innovative Quality Schools believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on Innovative Quality Schools's financial condition, results of operations, or cash flows. Accordingly, Innovative Quality Schools has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at June 30, 2018. Innovative Quality Schools is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods.”

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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/MissionDesc0The 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 Innovtive 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
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt02800
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01400
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt03300
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt025191
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt032891
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt065
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt065
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt065
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt065
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct00.99970
IRS990ScheduleA/PublicSupportTotal509Amt01638628
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearAmt0417642
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus1YearAmt0363910
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus2YearsAmt0324769
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus3YearsAmt0273636
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus4YearsAmt0225780
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt01605737
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0417842
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0366710
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0326169
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0276936
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0250971
IRS990ScheduleA/Total509Grp/TotalAmt01638628
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0417907
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0366710
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0326169
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0276936
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0250971
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01638693
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0390234
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0417907
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Innovative Quality Schools is exempt from taxation as a nonprofit corporation in accordance with Code Section 501(c)(3) of the Internal Revenue Code and comparable state law, and contributions to it are tax deductible within the limitations prescribed by the code. Innovative Quality Schools follows the recognition requirements for uncertain income tax positions required by the Financial Accounting Standards Board Accounting Standards Codification 740-10. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. Innovative Quality Schools has analyzed tax positions taken for filing with Internal Revenue Service and the state jurisdiction where it operates. Innovative Quality Schools believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on Innovative Quality Schools's financial condition, results of operations, or cash flows. Accordingly, Innovative Quality Schools has not recorded any reserves or related accruals for interest and penalties for uncertain income tax positions at June 30, 2018. Innovative Quality Schools is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0390234
IRS990ScheduleD/TotalRevenuePerForm990Amt0417907
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0417907
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0390234
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Laurie Schroeder
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Daugther of Craig Amundson who is a current Board member.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt015539
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Laurie Schroeder is under contract with Innovative Quality Schools (IQS) to manage the communciation and reporting relationship with five IQS charter schools. She also performs oversight work within her area of academic expertise at an hourly wage. This oversight work is done as part of a cadre group of individuals who all receive the same hourly wage for work performed.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0One Board member (father) is related to a vendor (daughter) used by the management team to perform Cadre services. Both parties documented the conflict and the Board member did not act as a supervisor of nor had management responsibility for the vendor. Further, the Board member was not involved in any part of the procurement and payment processes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A draft of Form 990 and related schedules are circulated to the Finance Committee for review before being provided to the Board of Directors for review and approval prior to filing the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Officers, members of the Board of Directors, and independent contractors are expected to self-disclose any conflicts of interest that arise at the time of relevance and at the start of each fiscal year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The information is available upon request. Policies are established and approved by the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Applications and oversight: Program service expenses 71,830. Management and general expenses 0. Fundraising expenses 0. Total expenses 71,830. Leader contracts: Program service expenses 50,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 50,000. Application review: Program service expenses 4,240. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,240. Authorizer evaluation services: Program service expenses 11,506. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,506.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Finance Committee assumes responsibility for oversight of the audit and the selection of the Independent Accountant. This process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Made an effort to obtain information regarding whether compensation received by board members, if any, was paid from a related organization. No transactions noted.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XII, LINE 2C EXPLANATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6RELATED ORGANIZATION COMPENSATION
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0216255
IRS990/TotalAssetsEOYAmt0254642
IRS990/TotalAssetsGrp/BOYAmt0216255
IRS990/TotalAssetsGrp/EOYAmt0254642
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0200
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt029468
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0360766
IRS990/TotalFunctionalExpensesGrp/TotalAmt0390234
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019114
IRS990/TotalLiabilitiesEOYAmt029828
IRS990/TotalLiabilitiesGrp/BOYAmt019114
IRS990/TotalLiabilitiesGrp/EOYAmt029828
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0197141
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0224814
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0360766
IRS990/TotalProgramServiceRevenueAmt0417642
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt065
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0417642
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0417907
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0216255
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0254642
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0418
IRS990/TravelGrp/TotalAmt0418
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0197141
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0224814
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 40219
IRS990/USAddress/CityNm0St Paul
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055101
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.iqsmn.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE KELLY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum06124927000
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Innovative Quality Schools
ReturnHeader/Filer/BusinessNameControlTxt0INNO
ReturnHeader/Filer/EIN0270574007
ReturnHeader/Filer/PhoneNum06512340900
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 40219
ReturnHeader/Filer/USAddress/CityNm0St Paul
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055101
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E25F683202E1508ED936069F06D51300AFEBC509
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0EDC6D3F66E9BFED05E69F2009BB28FA73938DA8C
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0174.141.196.58
ReturnHeader/FilingSecurityInformation/IPDt02019-02-28
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm013:00:33
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411690382
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Malloy Montague Karnowski Radosevich
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05353 Wayzata Blvd Ste 410
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Minneapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055416
ReturnHeader/PreparerPersonGrp/PhoneNum09525450424
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Victoria L Holinka

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$254,642
Liabilities
$29,828
Net assets
$224,814
Revenue
$417,907
Expenses
$390,234
Net income
$27,673
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
2018Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

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