Civic Intelligence

Step Academy Charter School

EIN 30-0562083 • 501(c)3 • St Paul, MN

Profile

Step is a 6-12 charter school located in inver grove heights, minnesota, that promotes early college education through ensuring that all students achieve academic excellence, obtain college credit while in high school, are fully motivated and prepared to successfully matriculate in college, and graduate with the critical knowledge and skills required for employment in scientific, technical, and other skilled careers.

835 5th Street EastSt Paul, MN 55106

www.stepacademymn.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

0.98x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

0.89x

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

501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

40th percentile

0.8%

Higher net margin than 40% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

89th percentile

40%

Faster asset growth than 89% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

71st percentile

21%

Faster revenue growth than 71% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$8,986,630

Up $2,559,674 (+40%) from 2021

Liabilities

Up

$8,843,512

Up $2,474,937 (+39%) from 2021

Net Assets

Up

$143,118

Up $84,737 (+145%) from 2021

Revenue

Up

$9,992,198

Up $1,722,789 (+21%) from 2021

Expenses

Up

$9,907,461

Up $1,686,774 (+21%) from 2021

Net Income

Up

$84,737

Up $36,015 (+74%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2013: $618,174Liabilities 2013: $89,414Net Assets 2013: $528,7602013Assets 2014: $735,685Liabilities 2014: $119,662Net Assets 2014: $616,0232014Assets 2015: $1,476,005Liabilities 2015: $1,516,008Net Assets 2015: -$40,0032015Assets 2017: $4,118,037Liabilities 2017: $4,660,125Net Assets 2017: -$542,0882017Assets 2019: $5,797,365Liabilities 2019: $5,963,951Net Assets 2019: -$166,5862019Assets 2020: $5,778,712Liabilities 2020: $5,769,053Net Assets 2020: $9,6592020Assets 2021: $6,426,956Liabilities 2021: $6,368,575Net Assets 2021: $58,3812021Assets 2022: $8,986,630Liabilities 2022: $8,843,512Net Assets 2022: $143,1182022

Highlighted filing

2022

Assets$8,986,630
Liabilities$8,843,512
Net Assets$143,118

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2013: $2,345,8782013Revenue 2014: $2,379,707Expenses 2014: $2,292,444Net Income 2014: $87,2632014Revenue 2015: $3,014,526Expenses 2015: $2,693,441Net Income 2015: $321,0852015Revenue 2017: $3,564,542Expenses 2017: $3,944,168Net Income 2017: -$379,6262017Revenue 2019: $6,134,230Expenses 2019: $5,431,891Net Income 2019: $702,3392019Revenue 2020: $8,509,643Expenses 2020: $8,333,398Net Income 2020: $176,2452020Revenue 2021: $8,269,409Expenses 2021: $8,220,687Net Income 2021: $48,7222021Revenue 2022: $9,992,198Expenses 2022: $9,907,461Net Income 2022: $84,7372022

Highlighted filing

2022

Revenue$9,992,198
Expenses$9,907,461
Net Income$84,737

Filings

Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 5, 2022
Return Version
2020v4.2
Gross Receipts
$8,269,409
Mission and Program Overview

Mission

Step is a 6-12 charter school located in inver grove heights, minnesota, that promotes early college education through ensuring that all students achieve academic excellence, obtain college credit while in high school, are fully motivated and prepared to successfully matriculate in college, and graduate with the critical knowledge and skills required for employment in scientific, technical, and other skilled careers.

Public charter school that serves grades K-12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,637,654$1,891,492▲ $253,838
Pledges and Grants Receivable$930,452$1,193,619▲ $263,167
Land, Buildings, and Equipment, Net$335,297$369,508▲ $34,211
Prepaid Expenses and Deferred Charges$125,989$114,043▼ $11,946
Total Assets$5,778,712$6,426,956▲ $648,244
Other Assets Total$2,749,320$2,858,294▲ $108,974
Liabilities
Other Liabilities$5,256,932$5,786,794▲ $529,862
Accounts Payable and Accrued Expenses$512,121$559,781▲ $47,660
Deferred Revenue-$22,000-
Total Liabilities$5,769,053$6,368,575▲ $599,522
Net Assets / Fund Balance
Net Assets With Donor Restrictions$59,062$53,294▼ $5,768
Net Assets Without Donor Restrictions$-49,403$5,087▲ $54,490
Total Net Assets Fund Balance$9,659$58,381▲ $48,722
Total Liabilities and Net Assets / Fund Balance$5,778,712$6,426,956▲ $648,244

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$170,580$138,180$308,760
Buildings$198,928$45,627$244,555
Other Assets Org$2,858,294--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mustafa IbrahimExecutive DirectorFT$111,146$32,601$143,747
Rahima AhmedMember/TeacherFT$49,708$4,351$54,059

Board Members and Trustees

NameTitle
Abdulrazzaq MursalBoard Chair
Amina MohamudVice Chair
Abdiladif SanbulMember
Mohamed ShuryeMember

Highest Paid Contractors

ContractorServicesLocationCompensation
Bille Bus Transportation IncTransportation2500 New Brighton Blvd Ste 113, Minneapolis, MN 55418$1,040,842
Blue Bell Enterprises IncFood Service775 Woodlands Pkwy STE 100, Ridgeland, MS 39157$211,231
Designs for LearningTech/Program Support2233 University Avenue W Suite 450, St Paul, MN 55114$170,311
Revenue and Support

Revenue Composition

Contributions and Grants
$8,233,949
Program Service Revenue
$6,673
Investment Income
$2,053
Other Revenue
$26,734
Change in Net Assets
$48,722

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,269,409
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,269,409
Total Revenue per Form 990
$8,269,409
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,784,390
Other Expenses$3,436,297
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,973,587$215,634-$3,189,221
Occupancy$1,095,846$10,858-$1,106,704
Travel$1,045,477$500-$1,045,977
Pension Plan Contributions$667,262$60,453-$727,715
Fees for Services Other$295,326$162,257-$457,583
Other Employee Benefits$338,287$106,784-$445,071
Office Expenses$190,384$153,930-$344,314
Payroll Taxes$237,336$27,363-$264,699
Information Technology$174,188$33,515-$207,703
Current Officers, Directors, Trustees, and Key Employees$141,916$15,768-$157,684
Depreciation Depletion$48,868$3,044-$51,912
Insurance$21,120--$21,120
Conferences and Meetings-$1,445-$1,445
Other Expenses$800$563-$1,363
Total Functional Expenses$7,399,262$821,425$0$8,220,687

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,220,687
Total Expenses per Audited Statements$8,220,687
Total Expenses per Form 990$8,220,687
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Net pension liability$3,899,681
Pension deferred inflows$1,887,113
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
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, Section B, line 11B

Form 990 reviewed by the academy's Executive Director who is authorized by the Board of Directors to approve its submission.

Form 990, Part VI, Section B, line 12C

Officers, directors, and key employees review this policy at start of each year and each is asked if they have any conflicts or potential conflicts to disclose if so, they are asked to identify them in detail.

Form 990, Part VI, Section B, line 15A

Written employment contract and approval by the board.

Form 990, Part VI, Section C, line 19

Organization's form 990 can be found on guidestar.com and can be made available upon request.

Filing and Contact Details

Filer

Filer Name
STEP Academy Charter School
EIN
30-0562083
Phone
6512896120
Address
835 5th Street East, St Paul, MN 55106

Signing Officer

Name
Mustafa Ibrahim
Title
Executive Director
Phone
6512896120
Signed
2022-04-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mustafa Ibrahim
Formed
2009
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
4
Employees
83
Volunteers
25

Preparer

Firm
Abdo
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:

This process has not changed from the prior year.

Financial Statement Notes

Part X, Line 2:

The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2021, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Charter School files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are open. No returns are currently under examination in any tax jurisdiction.

Raw XML AppendixShowing 400 of 450 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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IRS990/Desc0Step is a k-12 charter school located in St Paul, Minnesota, that promotes early college education through ensuring that all students achieve academic excellence, obtain college credit while in high school, are fully motivated and prepared to successfully matriculate in college, and graduate with the critical knowledge and skills required for employment in scientific, technical, and other skilled careers.
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IRS990/PensionPlanContributionsGrp/TotalAmt0727715
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0930452
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01193619
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0125989
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0114043
IRS990/PrincipalOfficerNm0Mustafa Ibrahim
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0Fees from patrons
IRS990/ProgramServiceRevenueGrp/Desc1Misc local revenue
IRS990/ProgramServiceRevenueGrp/Desc2Medical assistance
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03355
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13174
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2144
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03355
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13174
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2144
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08470377
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015684
IRS990/PYOtherExpensesAmt03481068
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt023582
IRS990/PYRevenuesLessExpensesAmt0176245
IRS990/PYSalariesCompEmpBnftPaidAmt04852330
IRS990/PYTotalExpensesAmt08333398
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08509643
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt048722
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06673
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0198928
IRS990ScheduleD/BuildingsGrp/DepreciationAmt045627
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0244555
IRS990ScheduleD/EquipmentGrp/BookValueAmt0170580
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0138180
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0308760
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08220687
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02858294
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Pension deferred outflows
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03899681
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11887113
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net pension liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Pension deferred inflows
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08269409
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2021, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Charter School files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are open. No returns are currently under examination in any tax jurisdiction.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0369508
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02858294
IRS990ScheduleD/TotalExpensesPerForm990Amt08220687
IRS990ScheduleD/TotalLiabilityAmt05786794
IRS990ScheduleD/TotalRevenuePerForm990Amt08269409
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08269409
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08220687
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Distributed with enrollment.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1STEP Academy recevies financial assistance from the Minnesota Department of Education and U.S. Department of Education.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 reviewed by the academy's Executive Director who is authorized by the Board of Directors to approve its submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Officers, directors, and key employees review this policy at start of each year and each is asked if they have any conflicts or potential conflicts to disclose if so, they are asked to identify them in detail.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Written employment contract and approval by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Organization's form 990 can be found on guidestar.com and can be made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4This process has not changed from the prior year.
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 B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05778712
IRS990/TotalAssetsEOYAmt06426956
IRS990/TotalAssetsGrp/BOYAmt05778712
IRS990/TotalAssetsGrp/EOYAmt06426956
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt08233949
IRS990/TotalEmployeeCnt083
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0821425
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07399262
IRS990/TotalFunctionalExpensesGrp/TotalAmt08220687
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05769053
IRS990/TotalLiabilitiesEOYAmt06368575
IRS990/TotalLiabilitiesGrp/BOYAmt05769053
IRS990/TotalLiabilitiesGrp/EOYAmt06368575
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09659
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt058381
IRS990/TotalOtherCompensationAmt036952
IRS990/TotalProgramServiceExpensesAmt07399262
IRS990/TotalProgramServiceRevenueAmt06673
IRS990/TotalReportableCompFromOrgAmt0160854
IRS990/TotalRevenueGrp/ExclusionAmt028787
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06673
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08269409
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05778712

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