Civic Intelligence

Minneapolis College Preparatory School

990 • Fiscal year 2013 • EIN 27-3460645

Jul 01, 2012 to Jun 30, 2013 • Filed on Feb 06, 2014

2131 12th Avenue North55411
Siviq Scores

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

Liabilities / Assets

96th percentile

1.49x

Higher debt load relative to assets than 96% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

84th percentile

29%

Faster asset growth than 84% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$200,309

Up $44,495 (+29%) from 2012

Net Assets

Down

-$98,689

Down $188,309 (-210%) from 2012

Liabilities

Up

$298,998

Up $232,804 (+352%) from 2012

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,088,440

Up $824,973 (+313%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

2013

Assets$200,309
Liabilities$298,998
Net Assets-$98,689

Operations Trend

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

2013

Revenue-
Expenses$1,088,440
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Feb 6, 2014
Return Version
2012v2.0
Gross Receipts
$900,131
Mission and Program Overview

Mission

See Part I, Line 1.

Filing and Contact Details

Filer

EIN
27-3460645
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IRS990/Description0Minneapolis College Preparatory School (MCP) is a tuition-free public charter college preparatory high school in Minneapolis, Minnesota. Our school model is based on that of the highly successful Noble Network of Charter Schools in Chicago, Illinois. Our hallmarks are rigorous expectations for academic achievement, behavior, professionalism, and appearance. MCPs curriculum is aligned to the Minnesota State Standards as well as the College Readiness Standards, as indicated by the ACT. The curriculum currently includes rigorous English, Math, Science, Social Studies, Music and Health/PE courses, and as the school grows, the curriculum will include foreign language, art and advanced placement courses as well. 2011-12 was a pre-operational planning year, and the school opened in 2012-13 with a 9th grade class. A freshman class will be added every year, so that by 2015-16 the school will be fully enrolled with grades 9-12. In 2011-12, MCPs first operational year, students demonstrated on average almost 2 years growth on ACTs PLAN test.
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0The School has published this in their staff handbook and in promotional materials handed out to students and families.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation1As a MN Public Charter School, the School receives state education aid and federal grant funding.
IRS990ScheduleE/Form990ScheduleEPartII/Identifier0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/Form990ScheduleEPartII/Identifier1Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
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IRS990ScheduleO/GeneralExplanation/Explanation0The 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/GeneralExplanation/Explanation1The School's governing documents, conflict of interest policy and financial statements are available upon request.
IRS990ScheduleO/GeneralExplanation/Explanation2The 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/GeneralExplanation/Explanation3Each Board Member signed a conflict of interest statement. The Governance Committee will review on an annual basis.
IRS990ScheduleO/GeneralExplanation/Explanation4The 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/GeneralExplanation/Explanation5The Board of Directors does not have a committee with the authority to act on behalf of the Governing Body.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part XII, Line 2c
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Line 15a
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990, Part VI, Line 11b
IRS990ScheduleO/GeneralExplanation/Identifier5Form 990, Part VI, Line 8
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part XII, Line 2: Change of Oversight or Selection Process
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings

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