Civic Intelligence

Educational Properties Inc.

990 • Fiscal year 2015 • EIN 27-0953344

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

3248 Laurel StreetNew Orleans, LA 70115

(202) 328-0760

Siviq Scores

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

Liabilities / Assets

90th percentile

0.96x

Higher debt load relative to assets than 90% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

97th percentile

11.51x

Higher debt load relative to revenue than 97% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

13th percentile

-12%

Higher net margin than 13% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

1st percentile

-39%

Faster asset growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

22nd percentile

-8.7%

Faster revenue growth than 22% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$15,662,383

Down $9,893,099 (-39%) from 2014

Net Assets

Down

$646,472

Down $156,596 (-19%) from 2014

Liabilities

Down

$15,015,911

Down $9,736,503 (-39%) from 2014

Revenue

Down

$1,304,044

Down $124,257 (-8.7%) from 2014

Expenses

Up

$1,460,640

Up $373,239 (+34%) from 2014

Net Income

Down

-$156,596

Down $497,496 (-146%) from 2014

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2014: $25,555,482Liabilities 2014: $24,752,414Net Assets 2014: $803,0682014Assets 2015: $15,662,383Liabilities 2015: $15,015,911Net Assets 2015: $646,4722015Assets 2016: $15,259,185Liabilities 2016: $14,550,930Net Assets 2016: $708,2552016Assets 2017: $282,770Liabilities 2017: $7,078Net Assets 2017: $275,6922017Assets 2018: $274,806Liabilities 2018: $6,330Net Assets 2018: $268,4762018Assets 2019: $190,266Liabilities 2019: $7,717Net Assets 2019: $182,5492019Assets 2020: $254,748Liabilities 2020: $98,404Net Assets 2020: $156,3442020Assets 2021: $402,136Liabilities 2021: $98,404Net Assets 2021: $303,7322021Assets 2022: $401,833Liabilities 2022: $98,404Net Assets 2022: $303,4292022Assets 2023: $401,835Liabilities 2023: $98,404Net Assets 2023: $303,4312023

Highlighted filing

2015

Assets$15,662,383
Liabilities$15,015,911
Net Assets$646,472

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $1,428,301Expenses 2014: $1,087,401Net Income 2014: $340,9002014Revenue 2015: $1,304,044Expenses 2015: $1,460,640Net Income 2015: -$156,5962015Revenue 2016: $991,438Expenses 2016: $929,655Net Income 2016: $61,7832016Revenue 2017: -$200,985Expenses 2017: $231,578Net Income 2017: -$432,5632017Revenue 2018: $695Expenses 2018: $7,911Net Income 2018: -$7,2162018Revenue 2019: $633Expenses 2019: $86,561Net Income 2019: -$85,9282019Revenue 2020: $485Expenses 2020: $26,690Net Income 2020: -$26,2052020Revenue 2021: $153,477Expenses 2021: $6,089Net Income 2021: $147,3882021Revenue 2022: $128,336Expenses 2022: $969Net Income 2022: $127,3672022Revenue 2023: $1,3472023

Highlighted filing

2015

Revenue$1,304,044
Expenses$1,460,640
Net Income-$156,596
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$1,304,044
Mission and Program Overview

Mission

Epi works to facilitate the development and leasing of real estate for public charter schools. Epi also works with nonprofit and business community leaders to create a sustainable public policy solution for charter school facilities.

Epi works to facilitate the development and leasing of real estate for public charter schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,079,032$1,731,850▼ $1,347,182
Total Assets$25,555,482$15,662,383▼ $9,893,099
Other Assets Total$22,476,450$13,930,533▼ $8,545,917
Liabilities
Tax Exempt Bond Liabilities$22,680,000$14,135,000▼ $8,545,000
Accounts Payable and Accrued Expenses$661,108$468,319▼ $192,789
Other Liabilities$1,038,560$206,743▼ $831,817
Mortgage Notes Payable Secured by Investment Property$297,225$205,849▼ $91,376
Deferred Revenue$75,521--
Total Liabilities$24,752,414$15,015,911▼ $9,736,503
Net Assets / Fund Balance
Unrestricted Net Assets$803,068$646,472▼ $156,596
Total Net Assets Fund Balance$803,068$646,472▼ $156,596
Total Liabilities and Net Assets / Fund Balance$25,555,482$15,662,383▼ $9,893,099

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$141,349--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kathleen PadianPresident
Joe KeeneySecretary/tr

Highest Paid Contractors

ContractorServicesLocationCompensation
Black-dewllcConstruction2586 7TH AVE EAST 301, Saint Paul, MN 55109$415,716
Guaranty Commercial Title INCClosing & Const520 NICOLLET AVENUE SUITE 400, Minneapolis, MN 55402$157,545
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,304,011
Investment Income
$33
Other Revenue
$0
Change in Net Assets
$-156,596
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,460,640
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
Interest$1,273,131--$1,273,131
Fees for Services Other-$105,917-$105,917
Depreciation Depletion$28,165--$28,165
Other Expenses$26,818--$26,818
Fees for Services Accounting-$23,699-$23,699
Conferences and Meetings$1,307--$1,307
Insurance-$1,216-$1,216
Office Expenses-$387-$387
Total Functional Expenses$1,329,421$131,219$0$1,460,640
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bond Premium$188,743
Capital Improvement$18,000

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Minneapolis Charter School2013-06-25$14,073,262Purchase, rennovate and expand new public school facility

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$14,073,262--$266,394

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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 8A

Minutes are maintained for meetings held during the year.

Form 990, Page 6, Part VI, Line 8B

Minutes are maintained for meetings held during the year.

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

A draft copy of form 990 was forwarded to the board for their review so that any necessary changes could be made prior to filing the final return.

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

The organization is small with no employees. Informally, the board disloses any known conflict of interest issues as they arise.

Form 990, Page 6, Part VI, Line 19

The organization makes all of its governing documents available upon request.

Filing and Contact Details

Filer

Filer Name
Educational Properties Inc
EIN
27-0953344
Phone
2023280760
Address
3248 LAUREL STREET, NEW ORLEANS, LA 70115

Signing Officer

Name
Kathleen Padian
Title
President
Phone
2023280760
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Padian
Formed
2009
Legal Domicile
De
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Kendall Prebola and Jones LLC
Address
PO BOX 259, BEDFORD, PA 15522-0259
Preparer
Allen W Hess CPA
Phone
8146231880
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Epi works to facilitate the development and leasing of real estate for public charter schools. Epi also works with nonprofit and business community leaders to create a sustainable public policy solution for charter school facilities.

Form 990, Page 2, Part III, Line 4D

Program services- obtaining financing for public charter school land and buildings and acquiring and developing this property to be used by charter schools.

Raw XML AppendixShowing 400 of 415 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0661108
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0468319
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0EPI WORKS TO FACILITATE THE DEVELOPMENT AND LEASING OF REAL ESTATE FOR PUBLIC CHARTER SCHOOLS.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KATHLEEN PADIAN
IRS990/BooksInCareOfDetail/PhoneNum02023280760
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03248 LAUREL STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW ORLEANS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0LA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd070115
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt03079032
IRS990/CashNonInterestBearingGrp/EOYAmt01731850
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt01307
IRS990/ConferencesMeetingsGrp/TotalAmt01307
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0415716
IRS990/ContractorCompensationGrp/CompensationAmt1157545
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt02586 7TH AVE EAST 301
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1520 NICOLLET AVENUE SUITE 400
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0SAINT PAUL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1MINNEAPOLIS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1MN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd055109
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd155402
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0BLACK-DEWLLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1GUARANTY COMMERCIAL TITLE INC
IRS990/ContractorCompensationGrp/ServicesDesc0CONSTRUCTION
IRS990/ContractorCompensationGrp/ServicesDesc1CLOSING & CONST
IRS990/ContractTerminationInd0X
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt033
IRS990/CYOtherExpensesAmt01460640
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01304011
IRS990/CYRevenuesLessExpensesAmt0-156596
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01460640
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01304044
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt075521
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt028165
IRS990/DepreciationDepletionGrp/TotalAmt028165
IRS990/Desc0PROGRAM SERVICES- OBTAINING FINANCING FOR PUBLIC CHARTER SCHOOL LAND AND BUILDINGS AND ACQUIRING AND DEVELOPING THIS PROPERTY TO BE USED BY CHARTER SCHOOLS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0true
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt01329421
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt023699
IRS990/FeesForServicesAccountingGrp/TotalAmt023699
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0105917
IRS990/FeesForServicesOtherGrp/TotalAmt0105917
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/PersonNm0KATHLEEN PADIAN
IRS990/Form990PartVIISectionAGrp/PersonNm1JOE KEENEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/TR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01304044
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01216
IRS990/InsuranceGrp/TotalAmt01216
IRS990/InterestGrp/ProgramServicesAmt01273131
IRS990/InterestGrp/TotalAmt01273131
IRS990/InvestmentIncomeGrp/ExclusionAmt033
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt033
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0DE
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0EPI WORKS TO FACILITATE THE DEVELOPMENT AND LEASING OF REAL ESTATE FOR PUBLIC CHARTER SCHOOLS. EPI ALSO WORKS WITH NONPROFIT AND BUSINESS COMMUNITY LEADERS TO CREATE A SUSTAINABLE PUBLIC POLICY SOLUTION FOR CHARTER SCHOOL FACILITIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0297225
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0205849
IRS990/NetAssetsOrFundBalancesBOYAmt0803068
IRS990/NetAssetsOrFundBalancesEOYAmt0646472
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0387
IRS990/OfficeExpensesGrp/TotalAmt0387
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt022476450
IRS990/OtherAssetsTotalGrp/EOYAmt013930533
IRS990/OtherExpensesGrp/Desc0LOSS ON CAPITAL LEASE
IRS990/OtherExpensesGrp/ProgramServicesAmt026818
IRS990/OtherExpensesGrp/TotalAmt026818
IRS990/OtherLiabilitiesGrp/BOYAmt01038560
IRS990/OtherLiabilitiesGrp/EOYAmt0206743
IRS990/PartialLiquidationInd0true
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KATHLEEN PADIAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0EXEMPT PURP- CAP LEASE
IRS990/ProgramServiceRevenueGrp/Desc1CONTRACT REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01061708
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1242303
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01061708
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1242303
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROGRAM SERVICES- OBTAINING FINANCING FOR PUBLIC CHARTER SCHOOL LAND AND BUILDINGS AND ACQUIRING AND DEVELOPING THIS PROPERTY TO BE USED BY CHARTER SCHOOLS.
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt01304011
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0141
IRS990/PYOtherExpensesAmt01087401
IRS990/PYProgramServiceRevenueAmt01428160
IRS990/PYRevenuesLessExpensesAmt0340900
IRS990/PYTotalExpensesAmt01087401
IRS990/PYTotalRevenueAmt01428301
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-156596
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01304011
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0276
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0276
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt033
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0141
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05145
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05322
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01304011
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01428160
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0693783
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt089346
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03515300
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt033
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0141
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05145
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05322
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99850
IRS990ScheduleA/PublicSupportTotal509Amt03515576
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01304011
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01428160
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0693783
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt089622
IRS990ScheduleA/Total509Grp/TotalAmt03515576
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01304044
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01428301
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0693786
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt05145
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt089622
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03520898
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt013319856
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1469328
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2141349
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CAPITAL LEASE RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CAPITALIZED BORROWING COSTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2UNAMORTIZED LOSS ON CAPITAL LEASE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0188743
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt118000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BOND PREMIUM
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL IMPROVEMENT
IRS990ScheduleD/TotalBookValueOtherAssetsAmt013930533
IRS990ScheduleD/TotalLiabilityAmt0206743
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0CITY OF MINNEAPOLIS CHARTER SCHOOL SCHEDULE K PART 1, LINE A BOX (C) CUSIP NUMBERS - 60375CAA2, 60375CABO, 60375CAC8, 60375CAE4 SCHEDULE K PART IV, LINE 2C NO REBATE CALCULATION IS REQUIRED YET.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE K - ADDITIONAL INFORMATION
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02013-06-25
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0416005375
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0SEEPARTVI
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt014073262
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0CITY OF MINNEAPOLIS CHARTER SCHOOL
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0PURCHASE, RENNOVATE AND EXPAND NEW PUBLIC SCHOOL FACILITY
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt012447918
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt0362022
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0996928
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0266394
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02015
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt014073262
IRS990ScheduleN/DirectorOfSuccessor2Ind0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0BUILDING TRANSFER
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02015-12-21
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0472584746
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt0264434
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0CORP
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm0TCGIS COMPANY
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt01031 COMO AVENUE
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0SAINT PAUL
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0MN
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd055104
IRS990ScheduleN/EmployeeOfSuccessor2Ind0false
IRS990ScheduleN/OwnerOfSuccessor2Ind0false
IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EPI WORKS TO FACILITATE THE DEVELOPMENT AND LEASING OF REAL ESTATE FOR PUBLIC CHARTER SCHOOLS. EPI ALSO WORKS WITH NONPROFIT AND BUSINESS COMMUNITY LEADERS TO CREATE A SUSTAINABLE PUBLIC POLICY SOLUTION FOR CHARTER SCHOOL FACILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PROGRAM SERVICES- OBTAINING FINANCING FOR PUBLIC CHARTER SCHOOL LAND AND BUILDINGS AND ACQUIRING AND DEVELOPING THIS PROPERTY TO BE USED BY CHARTER SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MINUTES ARE MAINTAINED FOR MEETINGS HELD DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MINUTES ARE MAINTAINED FOR MEETINGS HELD DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A DRAFT COPY OF FORM 990 WAS FORWARDED TO THE BOARD FOR THEIR REVIEW SO THAT ANY NECESSARY CHANGES COULD BE MADE PRIOR TO FILING THE FINAL RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION IS SMALL WITH NO EMPLOYEES. INFORMALLY, THE BOARD DISLOSES ANY KNOWN CONFLICT OF INTEREST ISSUES AS THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ALL OF ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0EPI
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1EPI
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0EDUCATIONAL PROPERTIES TCGIS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1EDUCATIONAL PROPERTIES YINGHUA LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0800923794
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1352476368
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt015405189
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1MN
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0ACQUISITIO
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1ACQUISITIO
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0301826
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt11039281
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt03248 LAUREL STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt13248 LAUREL STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0NEW ORLEANS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1NEW ORLEANS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0LA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1LA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd070115
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd170115
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt022680000
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt014135000
IRS990/TaxExemptBondsInd0true
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt025555482
IRS990/TotalAssetsEOYAmt015662383
IRS990/TotalAssetsGrp/BOYAmt025555482
IRS990/TotalAssetsGrp/EOYAmt015662383
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0131219
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01329421
IRS990/TotalFunctionalExpensesGrp/TotalAmt01460640
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt024752414
IRS990/TotalLiabilitiesEOYAmt015015911
IRS990/TotalLiabilitiesGrp/BOYAmt024752414
IRS990/TotalLiabilitiesGrp/EOYAmt015015911
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0803068
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0646472
IRS990/TotalOtherProgSrvcRevenueAmt01304011
IRS990/TotalProgramServiceExpensesAmt01329421
IRS990/TotalProgramServiceRevenueAmt01304011
IRS990/TotalRevenueGrp/ExclusionAmt033
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01304011
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01304044
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt025555482
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015662383
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0803068
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0646472
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03248 LAUREL STREET
IRS990/USAddress/CityNm0NEW ORLEANS
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070115
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHLEEN PADIAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02023280760
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDUCATIONAL PROPERTIES INC
ReturnHeader/Filer/BusinessNameControlTxt0EDUC
ReturnHeader/Filer/EIN0270953344
ReturnHeader/Filer/PhoneNum02023280760
ReturnHeader/Filer/USAddress/AddressLine1Txt03248 LAUREL STREET
ReturnHeader/Filer/USAddress/CityNm0NEW ORLEANS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings