Civic Intelligence

Innovative Quality Schools

990 • Fiscal year 2019 • EIN 27-0574007

Jul 01, 2018 to Jun 30, 2019 • Filed on Dec 16, 2019

Organization Profilewww.iqsmn.org
PO Box 580Hutchinson, MN 55350

(651) 234-0900

Siviq Scores

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

Liabilities / Assets

74th percentile

0.05x

Higher debt load relative to assets than 74% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

34th percentile

-2.8%

Higher net margin than 34% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

27th percentile

-11%

Faster asset growth than 27% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

44th percentile

-2.3%

Faster revenue growth than 44% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$225,694

Down $28,948 (-11%) from 2018

Net Assets

Down

$213,323

Down $11,491 (-5.1%) from 2018

Liabilities

Down

$12,371

Down $17,457 (-59%) from 2018

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin34th percentile

Revenue

Down

$408,347

Down $9,560 (-2.3%) from 2018

Expenses

Up

$419,838

Up $29,604 (+7.6%) from 2018

Net Income

Down

-$11,491

Down $39,164 (-142%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth27th 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

2019

Assets$225,694
Liabilities$12,371
Net Assets$213,323
Open 2019 Filing

Operations Trend

Revenue Growth44th 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

2019

Revenue$408,347
Expenses$419,838
Net Income-$11,491
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Dec 16, 2019
Return Version
2018v3.1
Gross Receipts
$408,347
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$103,390$122,647▲ $19,257
Cash and Non-Interest-Bearing Accounts$100,882$52,571▼ $48,311
Savings and Temporary Cash Investments$50,370$50,476▲ $106
Total Assets$254,642$225,694▼ $28,948
Liabilities
Accounts Payable and Accrued Expenses$29,828$12,371▼ $17,457
Total Liabilities$29,828$12,371▼ $17,457
Net Assets / Fund Balance
Unrestricted Net Assets$224,814$213,323▼ $11,491
Total Net Assets Fund Balance$224,814$213,323▼ $11,491
Total Liabilities and Net Assets / Fund Balance$254,642$225,694▼ $28,948
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Dan MottChair
Holly DaytonVice Chair
David JohnsonDirector
Ed DirkswagerDirector
Julie SaboDirector
Kristin AndersonDirector
Steve KelleyDirector
Sarah TucherTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
StrategicTrec LLCLeadership, management and administrativPO Box 580, Hutchinson, MN 55350$158,388
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$408,231
Investment Income
$116
Other Revenue
$0
Change in Net Assets
$-11,491

Audited Revenue Reconciliation

Revenue per Audited Statements
$408,347
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$408,347
Total Revenue per Form 990
$408,347
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$391,779
Grants and Similar Amounts Paid$28,059
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$142,549$15,839-$158,388
Fees for Services Other$145,361--$145,361
Grants to Domestic Orgs$28,059--$28,059
Conferences and Meetings$21,002$2,604-$23,606
Fees for Services Accounting$21,375--$21,375
Insurance-$4,604-$4,604
Information Technology-$1,820-$1,820
Other Expenses$31,340$180-$180
Travel$90--$90
Total Functional Expenses$389,776$30,062$0$419,838

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$419,838
Total Expenses per Audited Statements$419,838
Total Expenses per Form 990$419,838
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
St Paul City SchoolSt Paul, MN501(c)(3)To provide financial support to school to assist the school to continue to envolve and grow in their commitment to innovation and school success.$6,729
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
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
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

“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 580, Hutchinson, MN 55350

Signing Officer

Name
Sarah Tucher
Title
Treasurer
Phone
6124927000
Signed
2019-12-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Tucher
Formed
2010
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

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

“Authorizer evaluation services : Program service expenses 2,538. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,538. Applications and oversight : Program service expenses 70,263. Management and general expenses 0. Fundraising expenses 0. Total expenses 70,263. Leader contracts : Program service expenses 60,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 60,000. Application review : Program service expenses 1,560. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,560. Special assessments : Program service expenses 11,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,000.”

Part XII, Line 2C Explanation

“The Finance Committee recommends an Independent Auditor to the Board of Directors. The Board of Directors engages the Independent Auditor and assumes responsibility for oversight of the audit. 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, 2019. 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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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 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
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt050476
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02800
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01400
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt03300
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt07700
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0116
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt065
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0181
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0116
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt065
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0181
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01795888
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearAmt0408231
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus1YearAmt0417642
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus2YearsAmt0363910
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus3YearsAmt0324769
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus4YearsAmt0273636
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt01788188
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0408231
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0417842
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0366710
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0326169
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0276936
IRS990ScheduleA/Total509Grp/TotalAmt01795888
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0408347
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0417907
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0366710
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0326169
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0276936
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01796069
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0419838
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0408347
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, 2019. 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/TotalExpensesPerForm990Amt0419838
IRS990ScheduleD/TotalRevenuePerForm990Amt0408347
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0408347
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0419838
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt06729
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To provide financial support to school to assist the school to continue to envolve and grow in their commitment to innovation and school success.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0St Paul City School
IRS990ScheduleI/RecipientTable/RecipientEIN0411871279
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0260 Edmund Avenue
IRS990ScheduleI/RecipientTable/USAddress/CityNm0St Paul
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055103
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Innovative Quality Schools records grants and other assistance based on amounts approved by the Board of Directors.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A 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/ExplanationTxt1Officers, 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/ExplanationTxt2The information is available upon request. Policies are established and approved by the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Authorizer evaluation services : Program service expenses 2,538. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,538. Applications and oversight : Program service expenses 70,263. Management and general expenses 0. Fundraising expenses 0. Total expenses 70,263. Leader contracts : Program service expenses 60,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 60,000. Application review : Program service expenses 1,560. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,560. Special assessments : Program service expenses 11,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Finance Committee recommends an Independent Auditor to the Board of Directors. The Board of Directors engages the Independent Auditor and assumes responsibility for oversight of the audit. This process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Made 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 B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2C EXPLANATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5RELATED ORGANIZATION COMPENSATION
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0254642
IRS990/TotalAssetsEOYAmt0225694
IRS990/TotalAssetsGrp/BOYAmt0254642
IRS990/TotalAssetsGrp/EOYAmt0225694
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030062
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0389776
IRS990/TotalFunctionalExpensesGrp/TotalAmt0419838
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt029828
IRS990/TotalLiabilitiesEOYAmt012371
IRS990/TotalLiabilitiesGrp/BOYAmt029828
IRS990/TotalLiabilitiesGrp/EOYAmt012371
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0224814
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0213323
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0389776
IRS990/TotalProgramServiceRevenueAmt0408231
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0116
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0408231
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0408347
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0254642
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0225694
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt090
IRS990/TravelGrp/TotalAmt090
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0224814
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0213323
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 580
IRS990/USAddress/CityNm0Hutchinson
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055350
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0www.iqsmn.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Sarah Tucher
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06124927000
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-12-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Innovative Quality Schools
ReturnHeader/Filer/BusinessNameControlTxt0INNO
ReturnHeader/Filer/EIN0270574007
ReturnHeader/Filer/PhoneNum06512340900
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 580
ReturnHeader/Filer/USAddress/CityNm0Hutchinson
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055350

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$225,694
Liabilities
$12,371
Net assets
$213,323
Revenue
$408,347
Expenses
$419,838
Net income
-$11,491
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
2019Detailed filing. Detailed filing data is available for this year.$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