Civic Intelligence

Minneapolis College Preparatory School

990 • Fiscal year 2014 • EIN 27-3460645

Jul 01, 2013 to Jun 30, 2014 • Filed on Apr 28, 2015

Organization Profilewww.minneapoliscollegeprep.org
2131 12th Avenue North55411

(612) 345-1956

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.65x

Higher debt load relative to assets than 83% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

54th percentile

0.13x

Higher debt load relative to revenue than 54% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

72nd percentile

14%

Higher net margin than 72% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

46th percentile

$54,180

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

92nd percentile

54%

Faster asset growth than 92% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$309,204

Up $108,895 (+54%) from 2013

Net Assets

Up

$108,884

Up $207,573 (+210%) from 2013

Liabilities

Down

$200,320

Down $98,678 (-33%) from 2013

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin72nd percentile

Revenue

$1,514,346

No earlier filing loaded for comparison.

Expenses

Up

$1,306,773

Up $218,333 (+20%) from 2013

Net Income

$207,573

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$1.0M$500K$0-$500K-$1.0MAssets 2012: $155,814Liabilities 2012: $66,194Net Assets 2012: $89,6202012Assets 2013: $200,309Liabilities 2013: $298,998Net Assets 2013: -$98,6892013Assets 2014: $309,204Liabilities 2014: $200,320Net Assets 2014: $108,8842014Assets 2015: $451,489Liabilities 2015: $772,597Net Assets 2015: -$321,1082015Assets 2016: $315,717Liabilities 2016: $843,229Net Assets 2016: -$527,5122016

Highlighted filing

2014

Assets$309,204
Liabilities$200,320
Net Assets$108,884
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $263,4672012Expenses 2013: $1,088,4402013Revenue 2014: $1,514,346Expenses 2014: $1,306,773Net Income 2014: $207,5732014Revenue 2015: $1,605,373Expenses 2015: $1,543,602Net Income 2015: $61,7712015Revenue 2016: $1,521,922Expenses 2016: $1,728,326Net Income 2016: -$206,4042016

Highlighted filing

2014

Revenue$1,514,346
Expenses$1,306,773
Net Income$207,573
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Apr 28, 2015
Return Version
2013v4.0
Gross Receipts
$1,514,346
Mission and Program Overview

Mission

See Part I, Line 1.

To instill in students the scholarship, discipline, and honor necessary for college success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,658$137,554▲ $135,896
Land, Buildings, and Equipment, Net$81,032$71,152▼ $9,880
Pd in Cap Srpls Land Bldg Eqp Fund$81,032$71,152▼ $9,880
Accounts Receivable$97,318$59,097▼ $38,221
Cap Stk Tr Prin Current Funds$-179,721$37,732▲ $217,453
Pledges and Grants Receivable$17,907$33,155▲ $15,248
Prepaid Expenses and Deferred Charges$2,394$8,246▲ $5,852
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$200,309$309,204▲ $108,895
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$150,000$125,000▼ $25,000
Accounts Payable and Accrued Expenses$128,998$75,320▼ $53,678
Unsecured Notes Loans Payable$20,000--
Total Liabilities$298,998$200,320▼ $98,678
Net Assets / Fund Balance
Total Net Assets Fund Balance$-98,689$108,884▲ $207,573
Total Liabilities and Net Assets / Fund Balance$200,309$309,204▲ $108,895

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$71,152$27,648$98,800
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James BarnettPrincipalFT$49,223$4,957$54,180

Board Members and Trustees

NameTitle
Russell MosleyBoard Chair
Susan DohertyVice Chair
Loretta CollinsMember
Pal YangMember
Rosita BalchMember
Walter NovilloMember
Phyllis SaltzmanSecretary
Susan Vaughan-FierTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Bille Bus Transportation IncTransportation-$114,295
Revenue and Support

Revenue Composition

Contributions and Grants
$1,510,092
Program Service Revenue
$4,141
Investment Income
$10
Other Revenue
$103
All Other Contributions
$400,638
Change in Net Assets
$207,573

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,514,346
Total Revenue per Audited Statements
$1,514,346
Total Revenue per Form 990
$1,514,346
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$771,877
Other Expenses$534,896
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$451,638$80,677-$532,315
Current Officers, Directors, Trustees, and Key Employees-$104,610-$104,610
Payroll Taxes$34,247$26,963-$61,210
Information Technology$4,722$50,102-$54,824
Fees for Services Accounting-$53,258-$53,258
Occupancy$51,898--$51,898
Fees for Services Other$38,274$8,978-$47,252
Pension Plan Contributions$31,640$5,724-$37,364
Other Employee Benefits$27,997$8,381-$36,378
Other Expenses$28,612--$28,612
Office Expenses-$24,753-$24,753
Depreciation Depletion$7,888$1,993-$9,881
Interest$9,073--$9,073
Insurance$8,959--$8,959
All Other Expenses$7,770$1,112-$8,882
Conferences and Meetings$1,041$3,733-$4,774
Advertising-$635-$635
Fees for Services Legal-$434-$434
Total Functional Expenses$935,420$371,353$0$1,306,773

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,306,773
Total Expenses per Audited Statements$1,306,773
Total Expenses per Form 990$1,306,773
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
Yes
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, Line 8: Explanation of No Contemporaneously Documentation of Meetings

“The Board of Directors does not have a committee with the authority to act on behalf of the Governing Body.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Finance Committee will receive and review the IRS form 990 first. The Committee will present the form to the full Board for review and approval. The Principal will sign the return after Board approval.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Each Board Member signed a conflict of interest statement. The Governance Committee will review on an annual basis.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The Board of Directors use comparable school data from the model schools and from other Minnesota charter school to determine a salary range for the Principal.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The School's governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

EIN
27-3460645
Phone
6123451956

Signing Officer

Name
James Barnett
Title
Principal
Signed
2015-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Barnett
Formed
2010
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
18
Volunteers
60

Preparer

Preparer
Theresa Kingsbury
Phone
6514632233
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

“The Organization's Finance Committee assumes responsibility for the oversight of the audit and the selection of an independent accountant. This process has not changed from prior year.”

Financial Statement Notes

Part X : FIN48 Footnote

“The School is required to assess whether an uncertain tax position exists and if there should be recognition of a related benefit or liability in the financial statements. The School has determined there are not amounts to record as assets or liabilities related to uncertain tax positions. Generally, the School is no longer subject to examination by tax authorities for years before 2011.”

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IRS990/Desc0Minneapolis College Preparatory School (MCP) is a tuition-free public charter college preparatory high school in Minneapolis, Minnesota. The school model is based on that of the highly successful Noble Network of Charter Schools in Chicago, Illinois. MCPs curriculum is aligned to the Minnesota State Standards as well as the College Readiness Standards, as indicated by the ACT. MCP is founded on the belief that all students are capable of high achievement and self-discipline, and that it is important to instill in students a commitment to educational excellence, civic responsibility and respect for the community, environment and people from all walks of life. MCP leadership also believe that community service, a strong work ethic, personal discipline, good manners, physical wellbeing and awareness are important values that contribute to life-long success and responsible citizenship. The curriculum includes rigorous English, Math, Science, Social Studies, Language, and Health/PE courses, and as the school grows, the curriculum will include art and music.Minneapolis College Preparatory School (MCP) is proud of its students achievement. Despite having 97% of students eligible for Free or Reduced Lunch, in its first year of operation, 83% of MCPs 9th graders tested proficient in Writing on the MCA-IIIs, above Minneapolis Public Schools 71% and close to the Statewide proficiency of 87%. In the second year of operation, MCP was listed among the Minneapolis Star Tribunes list of top ten schools that are Beating the Odds in Reading --schools which have the highest percentage of students scoring at grade level or better despite having a high number of children living in poverty. Students growth between beginning-of-year and end-of-year scores on the ACT EXPLORE English test has been remarkable. Although freshmen started the 2013-14 year 2.2 points behind the college readiness benchmark, they grew 2.9 years in only one year and ended the year .7 points over the college readiness benchmark.In addition, between the beginning and end of the 2013-14 school year on the ACT EXPLORE test MCP 9th graders grew over 2 years in each area tested: 2.9 years in English, 2.3 years in Reading, 2.0 years in Math, and 2.1 year in Science. On the more difficult PLAN test, MCP 10th graders grew 1.7 years in English, 1.4 years in English, .4 years in Math and 1.4 years in Science. Traditional growth trends for students in poverty are generally .7 points growth or less, so MCP exceeded that trend in all but Math.MCP offers both an academic college prep and a leadership development pathway focused on preparing students for college culture. The academic pathway focuses on math (six years), language arts (six years), science (four years), and social science courses at the secondary and post-secondary level. The leadership pathway focuses on attitudes and skills needed for college success and includes same-sex advisory each year, reinforcing the values and study habits that support success in high school, college, and life. MCP offers after-school extra-curricular sports including soccer, volleyball, basketball, weightlifting and strength training, and boxing; extra-curricular fine arts activities including art, choir, keyboard/piano; and after-school clubs including Book Club, Spanish Club, Theater Club, Community Service Club, and Student Council. MCPs Friday afternoon off schedule allows students the opportunity to develop leadership skills by volunteering, networking or interning, and credits are applied to Community Service.
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt027648
IRS990/LandBldgEquipBasisNetGrp/BOYAmt081032
IRS990/LandBldgEquipBasisNetGrp/EOYAmt071152
IRS990/LandBldgEquipCostOrOtherBssAmt098800
IRS990/LegalDomicileStateCd0MN
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0See Part I, Line 1.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0150000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0125000
IRS990/NetAssetsOrFundBalancesBOYAmt0-98689
IRS990/NetAssetsOrFundBalancesEOYAmt0108884
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt051898
IRS990/OccupancyGrp/TotalAmt051898
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt024753
IRS990/OfficeExpensesGrp/TotalAmt024753
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08381
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt027997
IRS990/OtherEmployeeBenefitsGrp/TotalAmt036378
IRS990/OtherExpensesGrp/Desc0Transportation
IRS990/OtherExpensesGrp/Desc1Food Service
IRS990/OtherExpensesGrp/Desc2Supplies
IRS990/OtherExpensesGrp/Desc3Equipt Purch & Repairs
IRS990/OtherExpensesGrp/ProgramServicesAmt0133544
IRS990/OtherExpensesGrp/ProgramServicesAmt153241
IRS990/OtherExpensesGrp/ProgramServicesAmt244876
IRS990/OtherExpensesGrp/ProgramServicesAmt328612
IRS990/OtherExpensesGrp/TotalAmt0133544
IRS990/OtherExpensesGrp/TotalAmt153241
IRS990/OtherExpensesGrp/TotalAmt244876
IRS990/OtherExpensesGrp/TotalAmt328612
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0103
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0103
IRS990/OtherRevenueTotalAmt0103
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt080677
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0451638
IRS990/OtherSalariesAndWagesGrp/TotalAmt0532315
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026963
IRS990/PayrollTaxesGrp/ProgramServicesAmt034247
IRS990/PayrollTaxesGrp/TotalAmt061210
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt081032
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt071152
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05724
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt031640
IRS990/PensionPlanContributionsGrp/TotalAmt037364
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt017907
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt033155
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02394
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08246
IRS990/PrincipalOfficerNm0James Barnett
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0Fees from Patrons
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04141
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04141
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0893652
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0471145
IRS990/PYOtherRevenueAmt01398
IRS990/PYProgramServiceRevenueAmt05080
IRS990/PYRevenuesLessExpensesAmt0-188309
IRS990/PYSalariesCompEmpBnftPaidAmt0617295
IRS990/PYTotalExpensesAmt01088440
IRS990/PYTotalRevenueAmt0900131
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0207573
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04244
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt071152
IRS990ScheduleD/EquipmentGrp/DepreciationAmt027648
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt098800
IRS990ScheduleD/ExpensesSubtotalAmt01306773
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt01514346
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School is required to assess whether an uncertain tax position exists and if there should be recognition of a related benefit or liability in the financial statements. The School has determined there are not amounts to record as assets or liabilities related to uncertain tax positions. Generally, the School is no longer subject to examination by tax authorities for years before 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt071152
IRS990ScheduleD/TotalExpensesPerForm990Amt01306773
IRS990ScheduleD/TotalRevenuePerForm990Amt01514346
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01514346
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01306773
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0As a MN Public Charter School, the School receives state education aid and federal grant funding.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The School has published this in their staff handbook and in promotional materials handed out to students and families.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board of Directors does not have a committee with the authority to act on behalf of the Governing Body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Finance Committee will receive and review the IRS form 990 first. The Committee will present the form to the full Board for review and approval. The Principal will sign the return after Board approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each Board Member signed a conflict of interest statement. The Governance Committee will review on an annual basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board of Directors use comparable school data from the model schools and from other Minnesota charter school to determine a salary range for the Principal.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The School's governing documents, conflict of interest policy and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Organization's Finance Committee assumes responsibility for the oversight of the audit and the selection of an independent accountant. This process has not changed from prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$309,204
Liabilities
$200,320
Net assets
$108,884
Revenue
$1,514,346
Expenses
$1,306,773
Net income
$207,573
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$0.32$0.84$0.53$1.52$1.73$0.21
2015Detailed filing. Detailed filing data is available for this year.$0.45$0.77$0.32$1.61$1.54$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.31$0.20$0.11$1.51$1.31$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.30$0.10$1.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.07$0.09$0.26