Civic Intelligence

Step Academy Charter School

990 • Fiscal year 2017 • EIN 30-0562083

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 09, 2017

Organization ProfileWWW.STEPACADEMYMN.COM
835 5th Street EastSt Paul, MN 55106

(651) 289-6120

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$4,118,037

Flat from 2017

Net Assets

Down

-$663,701

Down $121,613 (-22%) from 2017

Liabilities

Up

$4,781,738

Up $121,613 (+2.6%) from 2017

Revenue And Expenses

Revenue

Flat

$3,564,542

Flat from 2017

Expenses

Up

$4,065,781

Up $121,613 (+3.1%) from 2017

Net Income

Down

-$501,239

Down $121,613 (-32%) from 2017

Historical Trend

Balance Sheet Trend

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: $4,781,738Net Assets 2017: -$663,7012017Assets 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

2017

Assets$4,118,037
Liabilities$4,781,738
Net Assets-$663,701
Open 2017 Filing

Operations Trend

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: $4,065,781Net Income 2017: -$501,2392017Revenue 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

2017

Revenue$3,564,542
Expenses$4,065,781
Net Income-$501,239
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 9, 2017
Return Version
2016v3.1
Gross Receipts
$3,564,542
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
Pledges and Grants Receivable$408,913$709,448▲ $300,535
Cash and Non-Interest-Bearing Accounts$999,431$285,262▼ $714,169
Land, Buildings, and Equipment, Net$10,736$129,213▲ $118,477
Prepaid Expenses and Deferred Charges$32,307$32,351▲ $44
Total Assets$1,859,948$4,118,037▲ $2,258,089
Other Assets Total$408,561$2,961,763▲ $2,553,202
Liabilities
Other Liabilities$1,620,805$4,752,753▲ $3,131,948
Accounts Payable and Accrued Expenses$401,605$28,985▼ $372,620
Total Liabilities$2,022,410$4,781,738▲ $2,759,328
Net Assets / Fund Balance
Unrestricted Net Assets$-162,462$-663,701▼ $501,239
Total Net Assets Fund Balance$-162,462$-663,701▼ $501,239
Total Liabilities and Net Assets / Fund Balance$1,859,948$4,118,037▲ $2,258,089

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,961,763--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tamanny AbouaiadSecretaryFT$45,214$8,875$54,089

Board Members and Trustees

NameTitle
Sandra OlmstedChair
Mohamed Haji AdenVice Chair
Abdirahman HassanDirector
Amena AbdullahDirector
Mustafa HurreDirector
Khadar YassinTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Minnesota Education TrustLease842 RAYMOND AVE, St Paul, MN 55114$487,296
The Church Of The Sacred HeartLease840 E 6TH ST, St Paul, MN 55106$323,982
Monarch Bus Service INCTransportation101 E 10TH STREET STE 300, Hastings, MN 55003$316,784
Blue Bell EnterpriseFood Service1415 MENDOTA HEIGHTS RD, Mendota Heights, MN 55120$157,605
Revenue and Support

Revenue Composition

Contributions and Grants
$3,456,539
Program Service Revenue
$108,003
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-501,239
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,321,380
Other Expenses$1,744,401
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,263,896$120,737-$1,384,633
Pension Plan Contributions$665,949$8,425-$674,374
Occupancy$600,275--$600,275
Fees for Services Other$279,011$107,861-$386,872
Travel$372,998--$372,998
Other Employee Benefits$98,913$57,536-$156,449
Payroll Taxes$96,688$9,236-$105,924
Payments to Affiliates$42,010--$42,010
Insurance$13,683--$13,683
Office Expenses$11,017$1,360-$12,377
Other Expenses$12,143$18,781-$12,143
Depreciation Depletion$9,720--$9,720
All Other Expenses$9,693--$9,693
Interest-$94-$94
Total Functional Expenses$3,730,934$334,847$0$4,065,781
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$4,508,912
Accrued Salaries$106,406
Payroll Tax Payable$68,727
Pension Deferred Inflows$68,708
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
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, Page 6, Part VI, 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, Page 6, Part VI, 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, Page 6, Part VI, Line 15A

“Written employment contract and approval by the board.”

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
6512896120
Address
835 5TH STREET EAST, ST PAUL, MN 55106

Signing Officer

Name
Khadar Yassin
Title
Treasurer
Phone
6512596120
Signed
2017-01-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Khadar Yassin
Formed
2009
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
5
Employees
42
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.”

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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02961763
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PENSION DEFERRED OUTFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04508912
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1106406
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt268727
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt368708
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PORTION DUE IN MORE THAN ONE YEAR
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED SALARIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PENSION DEFERRED INFLOWS
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02961763
IRS990ScheduleD/TotalLiabilityAmt04752753
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0DISTRIBUTED WITH ENROLLMENT APPLICATIONS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1RECEIVE FEDERAL AND STATE EDUCATION AID
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
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/ExplanationTxt1FORM 990 REVIEWED BY THE ACADEMY'S EXECUTIVE DIRECTOR WHO IS AUTHORIZED BY THE BOARD OF DIRECTORS TO APPROVE ITS SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS, 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/ExplanationTxt3WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt04118037
IRS990/TotalAssetsGrp/BOYAmt01859948
IRS990/TotalAssetsGrp/EOYAmt04118037
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03456539
IRS990/TotalEmployeeCnt042
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0334847
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03730934
IRS990/TotalFunctionalExpensesGrp/TotalAmt04065781
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02022410
IRS990/TotalLiabilitiesEOYAmt04781738
IRS990/TotalLiabilitiesGrp/BOYAmt02022410
IRS990/TotalLiabilitiesGrp/EOYAmt04781738
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-162462
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-663701
IRS990/TotalOtherCompensationAmt08875
IRS990/TotalProgramServiceExpensesAmt03730934
IRS990/TotalProgramServiceRevenueAmt0108003
IRS990/TotalReportableCompFromOrgAmt045214
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0108003
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03564542
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01859948
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04118037
IRS990/TravelGrp/ProgramServicesAmt0372998
IRS990/TravelGrp/TotalAmt0372998
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-162462
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-663701
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0HTTP://WWW.STEPACADEMYMN.COM/
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KHADAR YASSIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06512596120
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-01-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STEP ACADEMY CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0STEP
ReturnHeader/Filer/EIN0300562083
ReturnHeader/Filer/PhoneNum06512896120
ReturnHeader/Filer/USAddress/AddressLine1Txt0835 5TH STREET EAST
ReturnHeader/Filer/USAddress/CityNm0ST PAUL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055106
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0857A3D82B917E64ED5128A3ED64A28E74E74947D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02AF561AED5CF417DF4A8F4480DC7452C8E7912DA
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/PreparationDt02018-02-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES RINKEY
ReturnHeader/ReturnTs02018-05-07T14:52:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,118,037
Liabilities
$4,781,738
Net assets
-$663,701
Revenue
$3,564,542
Expenses
$4,065,781
Net income
-$501,239
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
2017Detailed filing. Detailed filing data is available for this year.$4.12$4.78$0.66$3.56$4.07$0.50
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $1M-$5M nonprofits