Civic Intelligence

Step Academy Charter School

990 • Fiscal year 2015 • EIN 30-0562083

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 20, 2016

Organization ProfileWWW.STEPACADEMYMN.COM
4100 East 66th StreetInver Grove Heights, MN 55076

(651) 200-5283

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.03x

Higher debt load relative to assets than 92% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

77th percentile

0.50x

Higher debt load relative to revenue than 77% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

42nd percentile

$41,141

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

95th percentile

101%

Faster asset growth than 95% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

80th percentile

27%

Faster revenue growth than 80% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$1,476,005

Up $740,320 (+101%) from 2014

Net Assets

Down

-$40,003

Down $656,026 (-106%) from 2014

Liabilities

Up

$1,516,008

Up $1,396,346 (+1167%) from 2014

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin69th percentile

Revenue

Up

$3,014,526

Up $634,819 (+27%) from 2014

Expenses

Up

$2,693,441

Up $400,997 (+17%) from 2014

Net Income

Up

$321,085

Up $233,822 (+268%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$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

2015

Assets$1,476,005
Liabilities$1,516,008
Net Assets-$40,003
Open 2015 Filing

Operations Trend

Revenue Growth80th percentile

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$3,014,526
Expenses$2,693,441
Net Income$321,085
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 20, 2016
Return Version
2014v6.0
Gross Receipts
$3,014,526
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$398,778$902,606▲ $503,828
Pledges and Grants Receivable$234,248$268,847▲ $34,599
Prepaid Expenses and Deferred Charges$80,967$79,787▼ $1,180
Land, Buildings, and Equipment, Net$21,692$14,058▼ $7,634
Total Assets$735,685$1,476,005▲ $740,320
Other Assets Total-$210,707-
Liabilities
Other Liabilities-$1,346,052-
Accounts Payable and Accrued Expenses$119,662$169,956▲ $50,294
Total Liabilities$119,662$1,516,008▲ $1,396,346
Net Assets / Fund Balance
Unrestricted Net Assets$616,023$-40,003▼ $656,026
Total Net Assets Fund Balance$616,023$-40,003▼ $656,026
Total Liabilities and Net Assets / Fund Balance$735,685$1,476,005▲ $740,320

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$210,707--
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleBaseOtherTotal
Tamanny AbouaiadDirector$38,161$2,980$41,141
Amena AbdullahDirector$31,917$2,495$34,412

Board Members and Trustees

NameTitle
Abdullahi AhmenChair
Abdirahman HassanDirector
Mohamed HajiDirector
Sandra OlmstedDirector
Khadar YassinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,994,420
Program Service Revenue
$20,106
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$321,085
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,502,533
Other Expenses$1,190,908
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$990,395$142,338-$1,132,733
Payments to Affiliates$448,127--$448,127
Travel$243,956$1,241-$245,197
Other Employee Benefits$107,632$82,139-$189,771
Fees for Services Other$102,600$68,555-$171,155
Occupancy$126,635--$126,635
Pension Plan Contributions$83,172$10,229-$93,401
Payroll Taxes$75,739$10,889-$86,628
Other Expenses$11,305$21,155-$11,305
Insurance$9,445--$9,445
Depreciation Depletion$7,635--$7,635
Office Expenses$6,360$596-$6,956
Total Functional Expenses$2,349,636$343,805$0$2,693,441
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
Portion Due in More Than One Year$954,459
Pension Deferred Inflows$239,911
Accrued Salaries$94,960
Payroll Tax Payable$56,722
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 11B

“No review was or will be conducted.”

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

“Annual disclosure completed.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Step Academy Charter School
EIN
30-0562083
Phone
6512005283
Address
4100 EAST 66TH STREET, INVER GROVE HEIGHTS, MN 55076

Signing Officer

Name
Dr Sandra Olmsted
Title
Board Chair
Phone
6512005283
Signed
2016-01-20

Organization Details

Principal Officer
Mustafa Ibrahim
Formed
2009
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
5
Employees
38
Volunteers
4

Preparer

Firm
Chuck Rinkey Ltd
Address
5775 WAYZATA BLVD STE 990, MINNEAPOLIS, MN 55416-1295
Preparer
Charles Rinkey
Phone
9525461052
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.”

Form 990, Part XI, Line 9

“977,111 adjustment was to implement gasb 68 for pensions.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STEP 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL DISCLOSURE COMPLETED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4977,111 ADJUSTMENT WAS TO IMPLEMENT GASB 68 FOR PENSIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02349636
IRS990/TotalFunctionalExpensesGrp/TotalAmt02693441
IRS990/TotalGrossUBIAmt00
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IRS990/TotalOtherCompensationAmt05475
IRS990/TotalProgramServiceExpensesAmt02349636
IRS990/TotalProgramServiceRevenueAmt020106
IRS990/TotalReportableCompFromOrgAmt070078
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt020106
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03014526
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01476005
IRS990/TravelGrp/ManagementAndGeneralAmt01241
IRS990/TravelGrp/ProgramServicesAmt0243956
IRS990/TravelGrp/TotalAmt0245197
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0616023
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-40003
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04100 EAST 66TH STREET
IRS990/USAddress/CityNm0INVER GROVE HEIGHTS
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055076
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTP://WWW.STEPACADEMYMN.COM/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DR SANDRA OLMSTED
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum06512005283
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STEP ACADEMY CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0STEP
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ReturnHeader/Filer/PhoneNum06512005283
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411799235
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHUCK RINKEY LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05775 WAYZATA BLVD STE 990
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0554161295
ReturnHeader/PreparerPersonGrp/PhoneNum09525461052
ReturnHeader/PreparerPersonGrp/PreparationDt02016-01-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES RINKEY
ReturnHeader/ReturnTs02016-02-11T10:52:37-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,476,005
Liabilities
$1,516,008
Net assets
-$40,003
Revenue
$3,014,526
Expenses
$2,693,441
Net income
$321,085
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.99$8.84$0.14$9.99$9.91$0.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.43$6.37$0.06$8.27$8.22$0.05
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.78$5.77$0.01$8.51$8.33$0.18
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.80$5.96$0.17$6.13$5.43$0.70
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.12$4.66$0.54$3.56$3.94$0.38
2015Detailed filing. Detailed filing data is available for this year.$1.48$1.52$0.04$3.01$2.69$0.32
2014Detailed filing. Detailed filing data is available for this year.$0.74$0.12$0.62$2.38$2.29$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.09$0.53$2.35