Civic Intelligence

Milroy Area Charter School

990 • Fiscal year 2017 • EIN 32-0129925

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 21, 2017

Organization ProfileWWW.MILROY.K12.MN.US
103 Prospect StMilroy, MN 56263

(507) 336-2563

Siviq Scores

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

Liabilities / Assets

94th percentile

1.03x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

93rd percentile

1.80x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

13th percentile

-21%

Higher net margin than 13% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

52nd percentile

$8,659

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

95th percentile

121%

Faster asset growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

60th percentile

10%

Faster revenue growth than 60% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$827,517

Up $453,816 (+121%) from 2016

Net Assets

Down

-$27,201

Down $99,922 (-137%) from 2016

Liabilities

Up

$854,718

Up $553,738 (+184%) from 2016

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin13th percentile

Revenue

Up

$475,955

Up $43,590 (+10%) from 2016

Expenses

Up

$575,877

Up $152,204 (+36%) from 2016

Net Income

Down

-$99,922

Down $108,614 (-1250%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$1.0M$500K$0-$500KAssets 2016: $373,701Liabilities 2016: $300,980Net Assets 2016: $72,7212016Assets 2017: $827,517Liabilities 2017: $854,718Net Assets 2017: -$27,2012017Assets 2018: $561,389Liabilities 2018: $868,407Net Assets 2018: -$307,0182018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2017

Assets$827,517
Liabilities$854,718
Net Assets-$27,201
Open 2017 Filing

Operations Trend

Revenue Growth60th percentile

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

$1.0M$500K$0-$500KRevenue 2016: $432,365Expenses 2016: $423,673Net Income 2016: $8,6922016Revenue 2017: $475,955Expenses 2017: $575,877Net Income 2017: -$99,9222017Revenue 2018: $388,211Expenses 2018: $668,028Net Income 2018: -$279,8172018Revenue 2019: $416,448Expenses 2019: $109,430Net Income 2019: $307,0182019

Highlighted filing

2017

Revenue$475,955
Expenses$575,877
Net Income-$99,922
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 21, 2017
Return Version
2016v3.0
Gross Receipts
$475,955
Mission and Program Overview

Mission

To provide education for kindergarten through fourth graders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$287,881$260,378▼ $27,503
Pledges and Grants Receivable$11,728$59,463▲ $47,735
Land, Buildings, and Equipment, Net$30,963$25,308▼ $5,655
Accounts Receivable$60$301▲ $241
Total Assets$373,701$827,517▲ $453,816
Other Assets Total$43,069$482,067▲ $438,998
Liabilities
Other Liabilities$276,692$804,221▲ $527,529
Accounts Payable and Accrued Expenses$24,288$50,497▲ $26,209
Total Liabilities$300,980$854,718▲ $553,738
Net Assets / Fund Balance
Temporarily Rstr Net Assets$30,963$25,308▼ $5,655
Unrestricted Net Assets$41,758$-52,509▼ $94,267
Total Net Assets Fund Balance$72,721$-27,201▼ $99,922
Total Liabilities and Net Assets / Fund Balance$373,701$827,517▲ $453,816

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$25,308$103,536$128,844
Other Assets Org$482,067--
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleBaseTotal
Jennifer WagnerBoard Member$8,659$8,659

Board Members and Trustees

NameTitle
Krista ZeugChair
Kami ParkerBoard Member
Lezlie LavoyBoard Member
Kathleen KestelootClerk
Revenue and Support

Revenue Composition

Contributions and Grants
$424,234
Program Service Revenue
$51,333
Investment Income
$388
Other Revenue
$0
All Other Contributions
$817
Change in Net Assets
$-99,922

Audited Revenue Reconciliation

Revenue per Audited Statements
$475,955
Total Revenue per Audited Statements
$475,955
Total Revenue per Form 990
$475,955
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$356,587
Other Expenses$219,290
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$105,872$89,881-$195,753
Pension Plan Contributions$76,107$39,255-$115,362
Occupancy$85,695--$85,695
Current Officers, Directors, Trustees, and Key Employees$27,013--$27,013
Fees for Services Management$18,826$7,132-$25,958
Payroll Taxes$10,122$6,706-$16,828
Fees for Services Accounting-$9,645-$9,645
Depreciation Depletion$6,294$127-$6,421
Insurance$5,837--$5,837
Other Employee Benefits$917$714-$1,631
Travel$1,077--$1,077
Office Expenses$762$120-$882
Other Expenses$2,605$150-$150
Total Functional Expenses$408,667$167,210$0$575,877

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$575,877
Total Expenses per Audited Statements$575,877
Total Expenses per Form 990$575,877
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
Pension Liability$772,409
Deferred Inflows of Resources$31,812
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
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

“The organizations director reviews a draft of the form 990 and then presents a final draft to the board chair to sign.”

Form 990, Page 6, Part VI, Line 15A

“The director's salary was determined by the school board based upon a review of the director's responsibilities.”

Form 990, Page 6, Part VI, Line 15B

“School board reviewes and approves all salaries”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Milroy Area Charter School
EIN
32-0129925
Phone
5073362563
Address
103 PROSPECT ST, MILROY, MN 56263

Signing Officer

Name
Krista Zeug
Title
Chair
Phone
5073362563
Signed
2017-11-21

Organization Details

Principal Officer
Krista Zeug
Formed
2004
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
4
Employees
15
Volunteers
5

Preparer

Firm
Hoffman & Brobst Pllp
Address
PO BOX 548, MARSHALL, MN 56258
Preparer
Lisa Zmeskal CPA
Phone
5075325735
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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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS PUBLISHED IN REGISTRATION MATERIALS AND OTHER PRINT MEDIUMS
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL DOES NOT SOLICIT CONTRIBUTIONS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2AS A CHARTER SCHOOL, THE ORGANIZATION RECEIVES FEDERAL AND MN STATE AID
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATIONS DIRECTOR REVIEWS A DRAFT OF THE FORM 990 AND THEN PRESENTS A FINAL DRAFT TO THE BOARD CHAIR TO SIGN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTOR'S SALARY WAS DETERMINED BY THE SCHOOL BOARD BASED UPON A REVIEW OF THE DIRECTOR'S RESPONSIBILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SCHOOL BOARD REVIEWES AND APPROVES ALL SALARIES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
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IRS990/TotalContributionsAmt0424234
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0167210
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0408667
IRS990/TotalFunctionalExpensesGrp/TotalAmt0575877
IRS990/TotalGrossUBIAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-27201
IRS990/TotalProgramServiceExpensesAmt0408667
IRS990/TotalProgramServiceRevenueAmt051333
IRS990/TotalReportableCompFromOrgAmt08659
IRS990/TotalRevenueGrp/ExclusionAmt0388
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt051333
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0475955
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0373701
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0827517
IRS990/TravelGrp/ProgramServicesAmt01077
IRS990/TravelGrp/TotalAmt01077
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt041758
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-52509
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.MILROY.K12.MN.US
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KRISTA ZEUG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum05073362563
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MILROY AREA CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0MILR
ReturnHeader/Filer/EIN0320129925
ReturnHeader/Filer/PhoneNum05073362563
ReturnHeader/Filer/USAddress/AddressLine1Txt0103 PROSPECT ST
ReturnHeader/Filer/USAddress/CityNm0MILROY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056263
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C6B9AF5E5AE9B5217F9F638E28291ED56FAEE871
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0EF5211254AE85E86734CBA8B75B2CAD9C96B7A9E
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410978542
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOFFMAN & BROBST PLLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 548
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MARSHALL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056258
ReturnHeader/PreparerPersonGrp/PhoneNum05075325735
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LISA ZMESKAL CPA
ReturnHeader/ReturnTs02017-11-21T08:18:42-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$827,517
Liabilities
$854,718
Net assets
-$27,201
Revenue
$475,955
Expenses
$575,877
Net income
-$99,922
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$4.16$1.09$3.07
2018Detailed filing. Detailed filing data is available for this year.$5.61$8.68$3.07$3.88$6.68$2.80
2017Detailed filing. Detailed filing data is available for this year.$8.28$8.55$0.27$4.76$5.76$1.00
2016Detailed filing. Detailed filing data is available for this year.$3.74$3.01$0.73$4.32$4.24$0.09