Civic Intelligence

Innovative Quality Schools

990 • Fiscal year 2021 • EIN 27-0574007

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 06, 2021

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

63rd percentile

0.08x

Higher debt load relative to assets than 63% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

57th percentile

0.05x

Higher debt load relative to revenue than 57% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

45th percentile

9.4%

Higher net margin than 45% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

73rd percentile

29%

Faster asset growth than 73% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

50th percentile

13%

Faster revenue growth than 50% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$327,339

Up $73,358 (+29%) from 2020

Net Assets

Up

$300,304

Up $48,357 (+19%) from 2020

Liabilities

Up

$27,035

Up $25,001 (+1229%) from 2020

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin45th percentile

Revenue

Up

$513,142

Up $57,847 (+13%) from 2020

Expenses

Up

$464,785

Up $48,114 (+12%) from 2020

Net Income

Up

$48,357

Up $9,733 (+25%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth73rd 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

2021

Assets$327,339
Liabilities$27,035
Net Assets$300,304
Open 2021 Filing

Operations Trend

Revenue Growth50th 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

2021

Revenue$513,142
Expenses$464,785
Net Income$48,357
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 6, 2021
Return Version
2020v4.1
Gross Receipts
$513,142
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...". Its vision is to, "...achieve success for all learners by supporting schools engaged in educational innovation...".

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$19,114$140,940▲ $121,826
Accounts Receivable$184,339$133,946▼ $50,393
Savings and Temporary Cash Investments$50,528$50,553▲ $25
Prepaid Expenses and Deferred Charges-$1,900-
Total Assets$253,981$327,339▲ $73,358
Liabilities
Accounts Payable and Accrued Expenses$2,034$27,035▲ $25,001
Total Liabilities$2,034$27,035▲ $25,001
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$251,947$300,304▲ $48,357
Total Net Assets Fund Balance$251,947$300,304▲ $48,357
Total Liabilities and Net Assets / Fund Balance$253,981$327,339▲ $73,358
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
StrategicTrec LLCLeadership, management and administrativPO Box 580, Hutchinson, MN 55350$174,851
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$513,102
Investment Income
$40
Other Revenue
$0
Change in Net Assets
$48,357

Audited Revenue Reconciliation

Revenue per Audited Statements
$513,142
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$513,142
Total Revenue per Form 990
$513,142
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$429,972
Grants and Similar Amounts Paid$34,813
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$181,905--$181,905
Fees for Services Management$157,366$17,485-$174,851
Grants to Domestic Orgs$34,813--$34,813
Fees for Services Accounting$14,400$7,200-$21,600
Conferences and Meetings$19,567--$19,567
Fees for Services Legal$7,836--$7,836
Insurance-$4,256-$4,256
Travel$1,105--$1,105
Information Technology-$860-$860
Other Expenses$16,268$177-$177
Total Functional Expenses$433,260$31,525$0$464,785

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$464,785
Total Expenses per Audited Statements$464,785
Total Expenses per Form 990$464,785
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Minnesota Excellence in Learning AcademyMaple Grove, 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.$10,000
Success AcademyBloomington, 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.$10,000
The Journey 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.$10,000
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 35% controlled entity
No
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
2021-12-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Tucher
Formed
2010
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
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

“Applications and oversight : Program service expenses 88,458. Management and general expenses 0. Fundraising expenses 0. Total expenses 88,458. Leader contracts : Program service expenses 71,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 71,000. Application review : Program service expenses 4,320. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,320. Special assessments : Program service expenses 9,120. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,120. Association dues : Program service expenses 9,007. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,007.”

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 is subject to 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, 2021. 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/MissionDesc0Please see the mission and vision of Innovative Quality Schools (IQS) as previously stated. Decisions made by the IQS Board are guided by the following values:1) Focus on Innovation - take risks to try creative new things, challenge old processes, and continuously adapt for the betterment of student learning.2) Avoid Insularity - learn from, and be sensitive to, ideas and proposals that challenge comfort zones.3) Commit to Collaboration - be interdependent, have an open flow of ideas, listen to others, and value differences.4) Embrace Diversity - seek diversity in Board membership and sponsored schools.5) Instill Clarity and Transparency - follow fair and rigorous procedures resulting in the authorization of high quality schools focused on innovation and student achievement.6) Transformation for Educational Excellence - commit to achieving our vision, mission, and goals through continual assessment of our work and acting upon results to improve our performance.
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IRS990/OtherExpensesGrp/TotalAmt2177
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01900
IRS990/PrincipalOfficerNm0Sarah Tucher
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Authorizer fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0513102
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0513102
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt022500
IRS990/PYInvestmentIncomeAmt058
IRS990/PYOtherExpensesAmt0394171
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0455237
IRS990/PYRevenuesLessExpensesAmt038624
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0416671
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0455295
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt048357
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0513102
IRS990/SavingsAndTempCashInvstGrp/BOYAmt050528
IRS990/SavingsAndTempCashInvstGrp/EOYAmt050553
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt02800
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt040
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt058
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0116
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt065
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0279
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt058
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0116
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt065
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0279
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt02161122
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearAmt0513102
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus1YearAmt0455237
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus2YearsAmt0408231
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus3YearsAmt0417642
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus4YearsAmt0363910
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt02158122
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0513102
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0455237
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0408231
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0417842
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0366710
IRS990ScheduleA/Total509Grp/TotalAmt02161122
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0513142
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0455295
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0408347
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0417907
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0366710
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02161401
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0464785
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0513142
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 is subject to 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, 2021. 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/TotalExpensesPerForm990Amt0464785
IRS990ScheduleD/TotalRevenuePerForm990Amt0513142
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0513142
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0464785
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt110000
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc2N/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/PurposeOfGrantTxt1To 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/PurposeOfGrantTxt2To 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/BusinessNameLine1Txt0Minnesota Excellence in Learning Academy
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Success Academy
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2The Journey School
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt09060 Zanzibar Ln
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt18201 Park Acve S
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2775 Lexington Pkwy N
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Maple Grove
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Bloomington
IRS990ScheduleI/RecipientTable/USAddress/CityNm2St Paul
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055311
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd155420
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd255104
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1N/A
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc2N/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/Total501c3OrgCnt03
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/ExplanationTxt3Applications and oversight : Program service expenses 88,458. Management and general expenses 0. Fundraising expenses 0. Total expenses 88,458. Leader contracts : Program service expenses 71,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 71,000. Application review : Program service expenses 4,320. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,320. Special assessments : Program service expenses 9,120. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,120. Association dues : Program service expenses 9,007. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,007.
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/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0253981
IRS990/TotalAssetsEOYAmt0327339
IRS990/TotalAssetsGrp/BOYAmt0253981
IRS990/TotalAssetsGrp/EOYAmt0327339
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031525
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0433260
IRS990/TotalFunctionalExpensesGrp/TotalAmt0464785
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02034
IRS990/TotalLiabilitiesEOYAmt027035
IRS990/TotalLiabilitiesGrp/BOYAmt02034
IRS990/TotalLiabilitiesGrp/EOYAmt027035
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0251947
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0300304
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0433260
IRS990/TotalProgramServiceRevenueAmt0513102
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt040
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0513102
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0513142
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$327,339
Liabilities
$27,035
Net assets
$300,304
Revenue
$513,142
Expenses
$464,785
Net income
$48,357
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
2021Detailed filing. Detailed filing data is available for this year.$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