Civic Intelligence

Nasha Shkola

990 • Fiscal year 2017 • EIN 37-1662315

Jul 01, 2016 to Jun 30, 2017 • Filed on May 09, 2018

Organization Profilewww.nashashkolamn.org
3500 Williston RoadMinnetonka, MN 55435

(952) 746-1880

Siviq Scores

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

Liabilities / Assets

96th percentile

1.46x

Higher debt load relative to assets than 96% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

1.75x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

10th percentile

-29%

Higher net margin than 10% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

46th percentile

$52,755

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

98th percentile

223%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

28th percentile

-4.0%

Faster revenue growth than 28% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$1,637,928

Up $1,131,483 (+223%) from 2016

Net Assets

Down

-$757,348

Down $392,538 (-108%) from 2016

Liabilities

Up

$2,395,276

Up $1,524,021 (+175%) from 2016

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin10th percentile

Revenue

Down

$1,371,263

Down $57,127 (-4.0%) from 2016

Expenses

Up

$1,763,801

Up $282,526 (+19%) from 2016

Net Income

Down

-$392,538

Down $339,653 (-642%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2013: $330,909Liabilities 2013: $431,381Net Assets 2013: -$100,4722013Assets 2014: $151,920Liabilities 2014: $197,711Net Assets 2014: -$45,7912014Assets 2015: $542,871Liabilities 2015: $854,796Net Assets 2015: -$311,9252015Assets 2016: $506,445Liabilities 2016: $871,255Net Assets 2016: -$364,8102016Assets 2017: $1,637,928Liabilities 2017: $2,395,276Net Assets 2017: -$757,3482017Assets 2018: $1,500,250Liabilities 2018: $2,548,019Net Assets 2018: -$1,047,7692018Assets 2019: $980,600Liabilities 2019: $1,873,269Net Assets 2019: -$892,6692019Assets 2020: $967,445Liabilities 2020: $1,820,559Net Assets 2020: -$853,1142020Assets 2021: $709,184Liabilities 2021: $1,507,778Net Assets 2021: -$798,5942021Assets 2022: $920,578Liabilities 2022: $1,399,692Net Assets 2022: -$479,1142022Assets 2023: $715,238Liabilities 2023: $1,307,747Net Assets 2023: -$592,5092023Assets 2024: $780,350Liabilities 2024: $1,513,006Net Assets 2024: -$732,6562024

Highlighted filing

2017

Assets$1,637,928
Liabilities$2,395,276
Net Assets-$757,348
Open 2017 Filing

Operations Trend

Revenue Growth28th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $1,128,559Expenses 2013: $1,229,031Net Income 2013: -$100,4722013Revenue 2014: $1,378,965Expenses 2014: $1,324,284Net Income 2014: $54,6812014Revenue 2015: $1,795,434Expenses 2015: $1,642,427Net Income 2015: $153,0072015Revenue 2016: $1,428,390Expenses 2016: $1,481,275Net Income 2016: -$52,8852016Revenue 2017: $1,371,263Expenses 2017: $1,763,801Net Income 2017: -$392,5382017Revenue 2018: $1,410,931Expenses 2018: $1,701,352Net Income 2018: -$290,4212018Revenue 2019: $1,646,677Expenses 2019: $1,491,577Net Income 2019: $155,1002019Revenue 2020: $1,492,906Expenses 2020: $1,453,351Net Income 2020: $39,5552020Revenue 2021: $1,647,581Expenses 2021: $1,593,061Net Income 2021: $54,5202021Revenue 2022: $2,016,372Expenses 2022: $1,696,892Net Income 2022: $319,4802022Revenue 2023: $1,908,572Expenses 2023: $2,021,967Net Income 2023: -$113,3952023Revenue 2024: $1,674,663Expenses 2024: $1,814,810Net Income 2024: -$140,1472024

Highlighted filing

2017

Revenue$1,371,263
Expenses$1,763,801
Net Income-$392,538
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 9, 2018
Return Version
2016v3.0
Gross Receipts
$1,371,263
Mission and Program Overview

Mission

To provide a high quality education for grades K-8 consistent with Minnesota standards.

Providing education that ties to Minnesota standards to Minnesota residents grades K through 8.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$132,323$62,218▼ $70,105
Cash and Non-Interest-Bearing Accounts$56,563$48,982▼ $7,581
Loans From Officers Directors$38,858$46,858▲ $8,000
Land, Buildings, and Equipment, Net$16,447$12,115▼ $4,332
Pd in Cap Srpls Land Bldg Eqp Fund$16,447$12,115▼ $4,332
Prepaid Expenses and Deferred Charges$26,710$5,685▼ $21,025
Rtn Earn Endowment Incm Other Fnds$-52,885$0▲ $52,885
Cap Stk Tr Prin Current Funds$-328,372$-769,463▼ $441,091
Total Assets$506,445$1,637,928▲ $1,131,483
Other Assets Total$274,402$1,508,928▲ $1,234,526
Liabilities
Other Liabilities$721,565$2,263,829▲ $1,542,264
Accounts Payable and Accrued Expenses$110,832$84,589▼ $26,243
Total Liabilities$871,255$2,395,276▲ $1,524,021
Net Assets / Fund Balance
Total Net Assets Fund Balance$-364,810$-757,348▼ $392,538
Total Liabilities and Net Assets / Fund Balance$506,445$1,637,928▲ $1,131,483

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,115$12,522$24,637
Other Assets Org$1,508,928--
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Yelena HardcopfBoard ChairFT$49,075$3,680$52,755
Elizaveta LindmanDirectorFT$32,331$2,425$34,756
Christian SchmidtSecretaryFT$30,750$2,306$33,056
Paul KinsleyExecutive DirectorFT$24,550$4,617$29,167

Board Members and Trustees

NameTitle
Alex BrusilovskyVice Chair
Alexei AbyzovDirector
Mark EilersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,327,267
Program Service Revenue
$7,293
Investment Income
$0
Other Revenue
$36,703
All Other Contributions
$11,231
Change in Net Assets
$-392,538

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,371,263
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,371,263
Total Revenue per Form 990
$1,371,263
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,020,077
Other Expenses$743,724
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$420,201$25,319-$445,520
Pension Plan Contributions$361,145$7,685-$368,830
Occupancy$294,394--$294,394
Fees for Services Other$88,174$69,942-$158,116
Travel$157,509--$157,509
Current Officers, Directors, Trustees, and Key Employees$110,159$24,181-$134,340
Office Expenses$83,668$1,903-$85,571
Payroll Taxes$43,283$3,985-$47,268
Other Employee Benefits$24,119--$24,119
Interest$13,501--$13,501
Insurance$8,745--$8,745
Conferences and Meetings$4,710--$4,710
Depreciation Depletion$4,332--$4,332
Other Expenses$2,965$0-$2,965
Total Functional Expenses$1,618,274$145,527$0$1,763,801

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,763,801
Total Expenses per Audited Statements$1,763,801
Total Expenses per Form 990$1,763,801
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$38,858$46,858▲ $8,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred pension resources$2,263,829
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 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 A, line 1

“Except for the power to amend the Articles of Incorporation and Bylaws, the Executive Committee shall have all the powers and authority of the Board in the intervals between meetings of the Board, and is subject to the direction and control of the full Board.”

Form 990, Part VI, Section A, line 6

“The School's members include teachers providing instruction under contract with a cooperative and all parents/guardians of students enrolled at the school.”

Form 990, Part VI, Section A, line 7A

“The School's members are eligible to elect the members of the School's board of directors.”

Form 990, Part VI, Section B, line 11B

“The Board's Executive Committee will review the prepared Form 990 and recommend its adjustments or approval to the full board for approval after its completion by an independent accounting firm.”

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

“At the board level, conflicts are asked to be disclosed prior to entering any conversation regarding contracts or employment opportunities. The determination as to whether a conflict of interest exists is to be made by teh school board. Individuals with a conflict of interest with respect to a matter being deliberated by the Board may not particiapte or vote on such matters. All deliberations and decisions involving conflicts of interest are documented in the meeting minutes, or as otherwise appropriate.”

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

“The compensation of the school director is computed by research of comparable salaries through MACS charter schools by the Board of Directors and documented in a letter of offer. This process last took place in 2012.”

Form 990, Part VI, Section C, line 19

“The School makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Nasha Shkola
EIN
37-1662315
Phone
9527461880
Address
3500 Williston Road, Minnetonka, MN 55435

Signing Officer

Name
Paul Kinsley
Title
Executive Director
Phone
9527461880
Signed
2018-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Kinsley
Formed
2011
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
3
Employees
27
Volunteers
0

Preparer

Firm
Abdo Eick & Meyers LLP
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:

“The 990 process has not changed since prior year.”

Financial Statement Notes

Part X, Line 2:

“The Charter School is classified as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and comparable section of the Minnesota income tax statutes. The Organization has evaluated and determined that there are no uncertain tax positions as of June 30, 2017. The Association's tax returns are subject to possible examination by the taxing authorities.”

Raw XML AppendixShowing 400 of 441 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0110832
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt084589
IRS990/AccountsReceivableGrp/BOYAmt0132323
IRS990/AccountsReceivableGrp/EOYAmt062218
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Providing education that ties to Minnesota standards to Minnesota residents grades K through 8.
IRS990/AllOtherContributionsAmt011231
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Designs for Learning
IRS990/BooksInCareOfDetail/PhoneNum06516450200
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02233 University Ave W 450
IRS990/BooksInCareOfDetail/USAddress/CityNm0St Paul
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055114
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0-328372
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0-769463
IRS990/CashNonInterestBearingGrp/BOYAmt056563
IRS990/CashNonInterestBearingGrp/EOYAmt048982
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt024181
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0110159
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0134340
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt04710
IRS990/ConferencesMeetingsGrp/TotalAmt04710
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01327267
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0743724
IRS990/CYOtherRevenueAmt036703
IRS990/CYProgramServiceRevenueAmt07293
IRS990/CYRevenuesLessExpensesAmt0-392538
IRS990/CYSalariesCompEmpBnftPaidAmt01020077
IRS990/CYTotalExpensesAmt01763801
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01371263
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt04332
IRS990/DepreciationDepletionGrp/TotalAmt04332
IRS990/Desc0Nasha Shkola, a free-choice public school, open to all Minnesota students, will be an innovative, diploma granting charter school that provides leadership for quality education in the Metropolitan area. Nasha Shkola has as its mission, in cooperation with the family and community, the development of Russian/English bilingual students that are all at or above grade level; are life-long learners; care for others; are adaptable; are prepared for and understand the need to have a personal desire for additional education; and are becoming contributing members of society.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt027
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01618274
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt069942
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt088174
IRS990/FeesForServicesOtherGrp/TotalAmt0158116
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt03680
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt32306
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt52425
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt64617
IRS990/Form990PartVIISectionAGrp/PersonNm0Yelena Hardcopf
IRS990/Form990PartVIISectionAGrp/PersonNm1Alex Brusilovsky
IRS990/Form990PartVIISectionAGrp/PersonNm2Mark Eilers
IRS990/Form990PartVIISectionAGrp/PersonNm3Christian Schmidt
IRS990/Form990PartVIISectionAGrp/PersonNm4Alexei Abyzov
IRS990/Form990PartVIISectionAGrp/PersonNm5Elizaveta Lindman
IRS990/Form990PartVIISectionAGrp/PersonNm6Paul Kinsley
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt049075
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt330750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt532331
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt624550
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Executive Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt01316036
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01371263
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt08745
IRS990/InsuranceGrp/TotalAmt08745
IRS990/InterestGrp/ProgramServicesAmt013501
IRS990/InterestGrp/TotalAmt013501
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt012522
IRS990/LandBldgEquipBasisNetGrp/BOYAmt016447
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012115
IRS990/LandBldgEquipCostOrOtherBssAmt024637
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt038858
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt046858
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Providing education that ties to Minnesota standards to Minnesota residents grades K through 8.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-364810
IRS990/NetAssetsOrFundBalancesEOYAmt0-757348
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0294394
IRS990/OccupancyGrp/TotalAmt0294394
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01903
IRS990/OfficeExpensesGrp/ProgramServicesAmt083668
IRS990/OfficeExpensesGrp/TotalAmt085571
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0274402
IRS990/OtherAssetsTotalGrp/EOYAmt01508928
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt024119
IRS990/OtherEmployeeBenefitsGrp/TotalAmt024119
IRS990/OtherExpensesGrp/Desc0Dues and memberships
IRS990/OtherExpensesGrp/Desc1Repairs and maintenance
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012512
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt01369
IRS990/OtherExpensesGrp/ProgramServicesAmt12965
IRS990/OtherExpensesGrp/TotalAmt013881
IRS990/OtherExpensesGrp/TotalAmt12965
IRS990/OtherLiabilitiesGrp/BOYAmt0721565
IRS990/OtherLiabilitiesGrp/EOYAmt02263829
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0PERA pension other rev
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt029603
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt17100
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt029603
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt17100
IRS990/OtherRevenueTotalAmt036703
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt025319
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0420201
IRS990/OtherSalariesAndWagesGrp/TotalAmt0445520
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03985
IRS990/PayrollTaxesGrp/ProgramServicesAmt043283
IRS990/PayrollTaxesGrp/TotalAmt047268
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt016447
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt012115
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07685
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0361145
IRS990/PensionPlanContributionsGrp/TotalAmt0368830
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt026710
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05685
IRS990/PrincipalOfficerNm0Paul Kinsley
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Food services
IRS990/ProgramServiceRevenueGrp/Desc1Fees from patrons
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04947
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12346
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04947
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12346
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01416473
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-208
IRS990/PYOtherExpensesAmt0790512
IRS990/PYOtherRevenueAmt0882
IRS990/PYProgramServiceRevenueAmt011243
IRS990/PYRevenuesLessExpensesAmt0-52885
IRS990/PYSalariesCompEmpBnftPaidAmt0690763
IRS990/PYTotalExpensesAmt01481275
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01428390
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-392538
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt043996
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-52885
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
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/EquipmentGrp/BookValueAmt012115
IRS990ScheduleD/EquipmentGrp/DepreciationAmt012522
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt024637
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01763801
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01508928
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Defered pension resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02263829
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred pension resources
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01371263
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Charter School is classified as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and comparable section of the Minnesota income tax statutes. The Organization has evaluated and determined that there are no uncertain tax positions as of June 30, 2017. The Association's tax returns are subject to possible examination by the taxing authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012115
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01508928
IRS990ScheduleD/TotalExpensesPerForm990Amt01763801
IRS990ScheduleD/TotalLiabilityAmt02263829
IRS990ScheduleD/TotalRevenuePerForm990Amt01371263
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01371263
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01763801
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/ExplanationTxt0All policies are available upon request and those applicable are included in communications with the general public and stakeholders.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The school receives federal and state funding.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt046858
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Start-up costs for School
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0130000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Gedaly Meerovich
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Former Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt046858
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Except for the power to amend the Articles of Incorporation and Bylaws, the Executive Committee shall have all the powers and authority of the Board in the intervals between meetings of the Board, and is subject to the direction and control of the full Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The School's members include teachers providing instruction under contract with a cooperative and all parents/guardians of students enrolled at the school.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The School's members are eligible to elect the members of the School's board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board's Executive Committee will review the prepared Form 990 and recommend its adjustments or approval to the full board for approval after its completion by an independent accounting firm.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4At the board level, conflicts are asked to be disclosed prior to entering any conversation regarding contracts or employment opportunities. The determination as to whether a conflict of interest exists is to be made by teh school board. Individuals with a conflict of interest with respect to a matter being deliberated by the Board may not particiapte or vote on such matters. All deliberations and decisions involving conflicts of interest are documented in the meeting minutes, or as otherwise appropriate.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The compensation of the school director is computed by research of comparable salaries through MACS charter schools by the Board of Directors and documented in a letter of offer. This process last took place in 2012.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The School makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The 990 process has not changed since prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0506445
IRS990/TotalAssetsEOYAmt01637928
IRS990/TotalAssetsGrp/BOYAmt0506445
IRS990/TotalAssetsGrp/EOYAmt01637928
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01327267
IRS990/TotalEmployeeCnt027
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0145527
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01618274
IRS990/TotalFunctionalExpensesGrp/TotalAmt01763801
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0871255
IRS990/TotalLiabilitiesEOYAmt02395276
IRS990/TotalLiabilitiesGrp/BOYAmt0871255
IRS990/TotalLiabilitiesGrp/EOYAmt02395276
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-364810
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-757348
IRS990/TotalOtherCompensationAmt013028
IRS990/TotalProgramServiceExpensesAmt01618274
IRS990/TotalProgramServiceRevenueAmt07293
IRS990/TotalReportableCompFromOrgAmt0136706
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt043996
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01371263
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0506445
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01637928
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0157509
IRS990/TravelGrp/TotalAmt0157509
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03500 Williston Road
IRS990/USAddress/CityNm0Minnetonka

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
$1,637,928
Liabilities
$2,395,276
Net assets
-$757,348
Revenue
$1,371,263
Expenses
$1,763,801
Net income
-$392,538
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.78$1.51$0.73$1.67$1.81$0.14
2023Detailed filing. Detailed filing data is available for this year.$0.72$1.31$0.59$1.91$2.02$0.11
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.92$1.40$0.48$2.02$1.70$0.32
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$1.51$0.80$1.65$1.59$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.97$1.82$0.85$1.49$1.45$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$1.87$0.89$1.65$1.49$0.16
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$2.55$1.05$1.41$1.70$0.29
2017Detailed filing. Detailed filing data is available for this year.$1.64$2.40$0.76$1.37$1.76$0.39
2016Detailed filing. Detailed filing data is available for this year.$0.51$0.87$0.36$1.43$1.48$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.54$0.85$0.31$1.80$1.64$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.15$0.20$0.05$1.38$1.32$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.43$0.10$1.13$1.23$0.10