Civic Intelligence

Step Academy Charter School

990 • Fiscal year 2018 • EIN 30-0562083

Jul 01, 2017 to Jun 30, 2018 • Filed on May 13, 2019

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

(651) 289-6120

Siviq Scores

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

Liabilities / Assets

95th percentile

1.20x

Higher debt load relative to assets than 95% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

80th percentile

0.92x

Higher debt load relative to revenue than 80% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

23rd percentile

-5.8%

Higher net margin than 23% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

46th percentile

$112,575

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

63rd percentile

5.5%

Faster asset growth than 63% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

90th percentile

59%

Faster revenue growth than 90% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$4,344,574

Up $226,537 (+5.5%) from 2017

Net Assets

Down

-$868,925

Down $326,837 (-60%) from 2017

Liabilities

Up

$5,213,499

Up $553,374 (+12%) from 2017

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin23rd percentile

Revenue

Up

$5,654,495

Up $2,089,953 (+59%) from 2017

Expenses

Up

$5,981,332

Up $2,037,164 (+52%) from 2017

Net Income

Up

-$326,837

Up $52,789 (+14%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth63rd 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 2018: $4,344,574Liabilities 2018: $5,213,499Net Assets 2018: -$868,9252018Assets 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

2018

Assets$4,344,574
Liabilities$5,213,499
Net Assets-$868,925
Open 2018 Filing

Operations Trend

Revenue Growth90th 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 2018: $5,654,495Expenses 2018: $5,981,332Net Income 2018: -$326,8372018Revenue 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

2018

Revenue$5,654,495
Expenses$5,981,332
Net Income-$326,837
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2019
Return Version
2017v2.3
Gross Receipts
$5,654,495
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.

Step 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$709,448$905,442▲ $195,994
Cash and Non-Interest-Bearing Accounts$285,262$500,939▲ $215,677
Land, Buildings, and Equipment, Net$129,213$234,338▲ $105,125
Prepaid Expenses and Deferred Charges$32,351$37,282▲ $4,931
Total Assets$4,118,037$4,344,574▲ $226,537
Other Assets Total$2,961,763$2,666,573▼ $295,190
Liabilities
Other Liabilities$4,631,140$5,121,790▲ $490,650
Accounts Payable and Accrued Expenses$28,985$91,709▲ $62,724
Total Liabilities$4,660,125$5,213,499▲ $553,374
Net Assets / Fund Balance
Unrestricted Net Assets$-542,088$-868,925▼ $326,837
Total Net Assets Fund Balance$-542,088$-868,925▼ $326,837
Total Liabilities and Net Assets / Fund Balance$4,118,037$4,344,574▲ $226,537

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$2,666,573--
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mustafa IbrahimExecutive DiFT$92,680$19,895$112,575
Tamanny AbouaiadSecretaryFT$51,601$4,908$56,509
Deborah BartletDirectorFT$46,155$7,709$53,864

Board Members and Trustees

NameTitle
Sandra OlmstedChair
Amina MohamudVice Chair
Abdirahman HassanDirector
Mustafa HurreDirector
Khadar YassinTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The Church Of The Sacred HeartLease840 E 6TH ST, St Paul, MN 55106$729,870
Bile Bus Transportation INCBus Service2500 NEW BRIGHTON BLVD STE 218, Minneapolis, MN 55418$566,492
Blue Bell EnterpriseFood Service1415 MENDOTA HEIGHTS RD, Mendota Heights, MN 55120$272,506
Revenue and Support

Revenue Composition

Contributions and Grants
$5,640,721
Program Service Revenue
$13,774
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-326,837
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,565,944
Other Expenses$2,415,388
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,152,577$126,208-$2,278,785
Pension Plan Contributions$793,759$39,229-$832,988
Occupancy$756,598--$756,598
Travel$587,441$3,483-$590,924
Fees for Services Other$407,972$110,085-$518,057
Other Employee Benefits$215,889$63,955-$279,844
Payroll Taxes$164,672$9,655-$174,327
Payments to Affiliates$41,220--$41,220
Other Expenses$30,390$33,811-$30,390
Depreciation Depletion$24,152--$24,152
Insurance$16,110--$16,110
Office Expenses$3,250$990-$4,240
Total Functional Expenses$5,566,941$414,391$0$5,981,332
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$4,118,326
Pension Deferred Inflows$704,028
Accrued Salaries$164,809
Payroll Tax Payable$134,627
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
Mustafa Ibrahim
Title
Executive Director
Phone
6512596120
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mustafa Ibrahim
Formed
2009
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
5
Employees
55
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 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.”

Raw XML Appendix395 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/OtherAssetsOrgGrp/Desc0PENSION DEFERRED OUTFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04118326
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1704028
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2164809
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3134627
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PORTION DUE IN MORE THAN ONE YEAR
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION DEFERRED INFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED SALARIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PAYROLL TAX PAYABLE
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02666573
IRS990ScheduleD/TotalLiabilityAmt05121790
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
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IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0DISTRIBUTED WITH ENROLLMENT APPLICATIONS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1RECEIVE FEDERAL AND STATE EDUCATION AID
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IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STEP 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.
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
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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/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
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IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalEmployeeCnt055
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0414391
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05566941
IRS990/TotalFunctionalExpensesGrp/TotalAmt05981332
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt05213499
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-868925
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IRS990/TotalProgramServiceExpensesAmt05566941
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04344574
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IRS990/TravelGrp/TotalAmt0590924
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-542088
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-868925
IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0HTTP://WWW.STEPACADEMYMN.COM/
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MUSTAFA IBRAHIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06512596120
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STEP ACADEMY CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0STEP
ReturnHeader/Filer/EIN0300562083
ReturnHeader/Filer/PhoneNum06512896120
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ReturnHeader/Filer/USAddress/CityNm0ST PAUL
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:10:27
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/PreparationDt02019-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES RINKEY
ReturnHeader/ReturnTs02019-05-15T13:10:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,344,574
Liabilities
$5,213,499
Net assets
-$868,925
Revenue
$5,654,495
Expenses
$5,981,332
Net income
-$326,837
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
2018Detailed filing. Detailed filing data is available for this year.$4.34$5.21$0.87$5.65$5.98$0.33
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