Civic Intelligence

Pcs Building Company

990 • Fiscal year 2015 • EIN 30-0065147

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 09, 2016

7250 East Ramsey ParkwayRamsey, MN 55303

(763) 712-4200

Siviq Scores

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

Liabilities / Assets

94th percentile

1.11x

Higher debt load relative to assets than 94% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

10.77x

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

83rd percentile

26%

Higher net margin than 83% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

26th percentile

$64,717

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

43rd percentile

-0.6%

Faster asset growth than 43% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

62nd percentile

8.1%

Faster revenue growth than 62% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Down

$9,704,254

Down $54,427 (-0.6%) from 2014

Net Assets

Up

-$1,024,625

Up $261,278 (+20%) from 2014

Liabilities

Down

$10,728,879

Down $315,705 (-2.9%) from 2014

Revenue

Up

$995,736

Up $74,571 (+8.1%) from 2014

Expenses

Down

$734,458

Down $991,183 (-57%) from 2014

Net Income

Up

$261,278

Up $1,065,754 (+132%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2012: $10,171,308Liabilities 2012: $10,254,354Net Assets 2012: -$83,0462012Assets 2013: $10,018,504Liabilities 2013: $10,064,394Net Assets 2013: -$45,8902013Assets 2014: $9,758,681Liabilities 2014: $11,044,584Net Assets 2014: -$1,285,9032014Assets 2015: $9,704,254Liabilities 2015: $10,728,879Net Assets 2015: -$1,024,6252015Assets 2016: $9,629,656Liabilities 2016: $10,443,345Net Assets 2016: -$813,6892016Assets 2017: $9,523,237Liabilities 2017: $10,120,579Net Assets 2017: -$597,3422017Assets 2018: $9,476,908Liabilities 2018: $9,831,812Net Assets 2018: -$354,9042018Assets 2019: $9,627,926Liabilities 2019: $9,695,379Net Assets 2019: -$67,4532019Assets 2020: $9,808,320Liabilities 2020: $9,565,403Net Assets 2020: $242,9172020Assets 2021: $9,678,580Liabilities 2021: $9,110,441Net Assets 2021: $568,1392021Assets 2022: $9,348,744Liabilities 2022: $8,688,861Net Assets 2022: $659,8832022

Highlighted filing

2015

Assets$9,704,254
Liabilities$10,728,879
Net Assets-$1,024,625

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2012: $915,8672012Expenses 2013: $902,1192013Revenue 2014: $921,165Expenses 2014: $1,725,641Net Income 2014: -$804,4762014Revenue 2015: $995,736Expenses 2015: $734,458Net Income 2015: $261,2782015Revenue 2016: $995,725Expenses 2016: $784,789Net Income 2016: $210,9362016Revenue 2017: $996,865Expenses 2017: $780,519Net Income 2017: $216,3462017Revenue 2018: $1,008,381Expenses 2018: $765,943Net Income 2018: $242,4382018Revenue 2019: $1,025,184Expenses 2019: $737,733Net Income 2019: $287,4512019Revenue 2020: $1,045,803Expenses 2020: $735,433Net Income 2020: $310,3702020Revenue 2021: $1,119,662Expenses 2021: $794,440Net Income 2021: $325,2222021Revenue 2022: $1,023,085Expenses 2022: $931,341Net Income 2022: $91,7442022

Highlighted filing

2015

Revenue$995,736
Expenses$734,458
Net Income$261,278
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 9, 2016
Return Version
2014v6.0
Gross Receipts
$995,736
Mission and Program Overview

Mission

To own real estate and buildings that are utilized by a school for its operations.

To partner as parents, students and staff to cultivate an academically rigorous environment that challenges students to develop positive character qualities as a foundation for personal and intellectual growth, and to develop educationally excellent, engaged citizens, who value life-long learning and are committed to making exceptional contributions to their ever-changing world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,340,748$8,153,363▼ $187,385
Savings and Temporary Cash Investments$1,417,933$1,550,891▲ $132,958
Total Assets$9,758,681$9,704,254▼ $54,427
Liabilities
Tax Exempt Bond Liabilities$11,000,000$10,685,000▼ $315,000
Other Liabilities$44,584$43,879▼ $705
Total Liabilities$11,044,584$10,728,879▼ $315,705
Net Assets / Fund Balance
Unrestricted Net Assets$-1,285,903$-1,024,625▲ $261,278
Total Net Assets Fund Balance$-1,285,903$-1,024,625▲ $261,278
Total Liabilities and Net Assets / Fund Balance$9,758,681$9,704,254▼ $54,427

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,147,688$1,949,398$9,097,086
Land$1,005,675-$1,005,675
Compensation and Service Providers

Employees

NameTitleOtherTotal
Mary LevyBoard Chair$64,717$64,717

Board Members and Trustees

NameTitle
Brad BozichBoard Secretary
Martha WeaverBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$995,720
Investment Income
$16
Other Revenue
$0
Change in Net Assets
$261,278

Audited Revenue Reconciliation

Revenue per Audited Statements
$995,736
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$5,623,356
Total Revenue per Audited Statements
$6,619,092
Total Revenue per Form 990
$995,736
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$734,458
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$537,573--$537,573
Depreciation Depletion$187,385--$187,385
Other Expenses$9,500--$9,500
Total Functional Expenses$734,458$0$0$734,458

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,744,495
Expenses Not Reported on Form 990$6,010,037
Expenses per Audited Statements$734,458
Total Expenses per Form 990$734,458
Expenses Not Reported on Financial Statements$0
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
Accrued Interest$43,879

Bond Issues

BondIssuerIssuedIssue PricePurpose
BCity of Ramsey Mn2013-11-20$5,715,000REFINANCE
ACity of Ramsey Mn2013-11-20$1,545,000REFINANCE
DCity of Ramsey Mn2013-11-20$1,340,000REFINANCE
CCity of Ramsey Mn2013-11-20$400,000REFINANCE
BCity of Ramsey Mn2013-11-20$390,000REFINANCE
ACity of Ramsey Mn2013-11-20$370,000REFINANCE
CCity of Ramsey Mn2013-11-20$320,000REFINANCE
DCity of Ramsey Mn2013-11-20$320,000REFINANCE
BCity of Ramsey Mn2013-11-20$285,000REFINANCE
CCity of Ramsey Mn2013-11-20$235,000REFINANCE
ACity of Ramsey Mn2013-11-20$80,000REFINANCE

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$5,715,000-$5,320,145$218,839
A$1,545,000-$1,438,255$59,161
D$1,340,000-$1,247,418$51,311
C$400,000-$372,364$15,317
B$390,000-$363,055$14,934
A$370,000-$344,436$14,168
C$320,000-$297,891$12,253
D$320,000-$297,891$12,253
B$285,000-$265,309$10,913
C$235,000-$218,763$8,999
A$80,000-$74,473$3,063

Bond Financing Compliance

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

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The form 990 is prepared by an independent accountant and reviewed in detail by the organization's finance manager, board treasurer and administrator. The final draft is made available to the board prior to filing.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Pcs Building Company
EIN
30-0065147
Phone
7637124200
Address
7250 EAST RAMSEY PARKWAY, RAMSEY, MN 55303

Signing Officer

Name
Mary Levy
Title
Board Chair
Phone
7637124200
Signed
2016-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Levy
Formed
1994
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
3

Preparer

Firm
Abdo Eick & Meyers Llp
Address
5201 EDEN AVENUE SUITE 250, EDINA, MN 55436
Preparer
Steven D Anseth CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The board of directors assumes responsibility for oversight of the audit of the financial statements and selection of an independent accountant. The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code and similar state income tax laws. The charter school is not a private foundation and contributions to the organization qualify as a charitable tax deduction by the contributor. The organization has evaluated for uncertain tax positions. Management has expressed that there are no uncertain tax positions as of june 30, 2015. The organization's tax returns are subject to possible examination by the taxing authorities. For federal tax purposes the tax returns essentially remain open for possible examination for a period of three years after the date on which those returns are filed. Organization believes it is no longer subject to federal and state income tax examinations for the years prior to 2011. During the year ended june 30, 2015, the organization has not incurred any interest or penalties on its tax returns.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Pact charter school revenue reported on a seperate form 990 6,619,076. Interfund activity -995,720.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Pact charter school expenses reported on a seperate form 990 7,005,757. Interfund activity -995,720.

Raw XML AppendixShowing 400 of 671 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.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE INCOME TAX LAWS. THE CHARTER SCHOOL IS NOT A PRIVATE FOUNDATION AND CONTRIBUTIONS TO THE ORGANIZATION QUALIFY AS A CHARITABLE TAX DEDUCTION BY THE CONTRIBUTOR. THE ORGANIZATION HAS EVALUATED FOR UNCERTAIN TAX POSITIONS. MANAGEMENT HAS EXPRESSED THAT THERE ARE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2015. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY THE TAXING AUTHORITIES. FOR FEDERAL TAX PURPOSES THE TAX RETURNS ESSENTIALLY REMAIN OPEN FOR POSSIBLE EXAMINATION FOR A PERIOD OF THREE YEARS AFTER THE DATE ON WHICH THOSE RETURNS ARE FILED. ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO FEDERAL AND STATE INCOME TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2011. DURING THE YEAR ENDED JUNE 30, 2015, THE ORGANIZATION HAS NOT INCURRED ANY INTEREST OR PENALTIES ON ITS TAX RETURNS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PACT CHARTER SCHOOL REVENUE REPORTED ON A SEPERATE FORM 990 6,619,076. INTERFUND ACTIVITY -995,720.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2PACT CHARTER SCHOOL EXPENSES REPORTED ON A SEPERATE FORM 990 7,005,757. INTERFUND ACTIVITY -995,720.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08153363
IRS990ScheduleD/TotalExpensesPerForm990Amt0734458
IRS990ScheduleD/TotalLiabilityAmt043879
IRS990ScheduleD/TotalRevenuePerForm990Amt0995736
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06619092
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06744495
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02013-11-20
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12013-11-20
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt22013-11-20
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt32013-11-20
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt42013-11-20
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt52013-11-20
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