Civic Intelligence

Nasha Shkola

990 • Fiscal year 2019 • EIN 37-1662315

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 21, 2020

Organization Profilewww.nashashkolamn.org
6717 85th Ave NorthBrooklyn Park, MN 55445

(952) 746-1880

Siviq Scores

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

Liabilities / Assets

98th percentile

1.91x

Higher debt load relative to assets than 98% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

1.14x

Higher debt load relative to revenue than 87% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

64th percentile

9.4%

Higher net margin than 64% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

46th percentile

$52,622

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

3rd percentile

-35%

Faster asset growth than 3% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

71st percentile

17%

Faster revenue growth than 71% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$980,600

Down $519,650 (-35%) from 2018

Net Assets

Up

-$892,669

Up $155,100 (+15%) from 2018

Liabilities

Down

$1,873,269

Down $674,750 (-26%) from 2018

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin64th percentile

Revenue

Up

$1,646,677

Up $235,746 (+17%) from 2018

Expenses

Down

$1,491,577

Down $209,775 (-12%) from 2018

Net Income

Up

$155,100

Up $445,521 (+153%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth3rd 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

2019

Assets$980,600
Liabilities$1,873,269
Net Assets-$892,669
Open 2019 Filing

Operations Trend

Revenue Growth71st 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

2019

Revenue$1,646,677
Expenses$1,491,577
Net Income$155,100
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 21, 2020
Return Version
2018v3.1
Gross Receipts
$1,646,677
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
Cash and Non-Interest-Bearing Accounts$50,046$71,016▲ $20,970
Accounts Receivable$188,208$48,122▼ $140,086
Prepaid Expenses and Deferred Charges$25,550$25,550→ $0
Land, Buildings, and Equipment, Net$9,424$4,916▼ $4,508
Pd in Cap Srpls Land Bldg Eqp Fund$10,043$4,916▼ $5,127
Loans From Officers Directors$19,858$2,858▼ $17,000
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-1,057,812$-897,585▲ $160,227
Total Assets$1,500,250$980,600▼ $519,650
Other Assets Total$1,227,022$830,996▼ $396,026
Liabilities
Other Liabilities$2,314,817$1,722,223▼ $592,594
Accounts Payable and Accrued Expenses$138,344$122,188▼ $16,156
Mortgage Notes Payable Secured by Investment Property$75,000$26,000▼ $49,000
Total Liabilities$2,548,019$1,873,269▼ $674,750
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,047,769$-892,669▲ $155,100
Total Liabilities and Net Assets / Fund Balance$1,500,250$980,600▼ $519,650

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,916$21,479$26,395
Other Assets Org$830,996--
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Yelena HardcopfExecutive DirectorFT$48,675$3,947$52,622
Elizaveta LindmanTeacher MemberFT$34,679$2,812$37,491
Christian SchmidtTeacher MemberFT$33,718$2,812$36,530
Andrew WoodTeacher MemberFT$32,946$2,731$35,677

Board Members and Trustees

NameTitle
Mark EilersBoard Chair
Yelena KuryumovaCommunity Member
Alexej AbtzovParent Member
Ivanna GradinarParent Member
Julia IshanovaParent Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Quality Care TransportationTransportationPO Box 290161, Brooklyn Center, MN 55429$124,455
North Star Bus LinesTransportation11800 95th Avenue North, Maple Grove, MN 55369$106,855
Revenue and Support

Revenue Composition

Contributions and Grants
$1,414,100
Program Service Revenue
$3,673
Investment Income
$41
Other Revenue
$228,863
All Other Contributions
$208
Change in Net Assets
$155,100

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,470,906
Revenue Not Reported on Financial Statements
$175,771
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$175,771
Total Revenue per Audited Statements
$1,470,906
Total Revenue per Form 990
$1,646,677
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$749,884
Salaries, Compensation, and Employee Benefits$741,693
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$411,035$30,818-$441,853
Fees for Services Other$151,200$59,655-$210,855
Occupancy$205,176--$205,176
Current Officers, Directors, Trustees, and Key Employees$137,678$30,222-$167,900
Travel$162,820--$162,820
Office Expenses$71,824$1,446-$73,270
Payroll Taxes$43,659$4,851-$48,510
Pension Plan Contributions$42,092$4,902-$46,994
Other Employee Benefits$36,436--$36,436
Interest$14,317--$14,317
Other Expenses$670$10,013-$10,683
Insurance$10,381--$10,381
Information Technology$6,394--$6,394
Depreciation Depletion$4,508--$4,508
Conferences and Meetings$2,007--$2,007
Total Functional Expenses$1,349,670$141,907$0$1,491,577

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,491,577
Total Expenses per Form 990$1,491,577
Total Expenses per Audited Statements$1,315,806
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-175,771
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$19,858$2,858▼ $17,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred pension resources$1,107,785
Pension Liability$614,438
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
6717 85th Ave North, Brooklyn Park, MN 55445

Signing Officer

Name
Yelena Hardcopf
Title
Executive Director
Phone
9527461880
Signed
2020-02-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Yelena Hardcopf
Formed
2011
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
5
Employees
22
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 IX, line 11G

“Consulting and Other Fees: Program service expenses 151,200. Management and general expenses 59,655. Fundraising expenses 0. Total expenses 210,855.”

Form 990, Part XII, Line 2C:

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

Financial Statement Notes

Part X, Line 2:

“The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. The Charter School has evaluated and determined that there are no uncertain tax positions as of June 30, 2019. The Charter School's tax returns are subject to possible examination by the taxing authorities.”

Part XI, Line 4B - Other Adjustments:

“Negative pension expense reclassified as revenue 175,771.”

Part XII, Line 2D - Other Adjustments:

“Negative pension expense reclassified as revenue -175,771.”

Raw XML AppendixShowing 400 of 481 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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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.
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IRS990/MissionDesc0Providing education that ties to Minnesota standards to Minnesota residents grades K through 8.
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IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt075000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt026000
IRS990/NetAssetsOrFundBalancesBOYAmt0-1047769
IRS990/NetAssetsOrFundBalancesEOYAmt0-892669
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0205176
IRS990/OccupancyGrp/TotalAmt0205176
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01446
IRS990/OfficeExpensesGrp/ProgramServicesAmt071824
IRS990/OfficeExpensesGrp/TotalAmt073270
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01227022
IRS990/OtherAssetsTotalGrp/EOYAmt0830996
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt036436
IRS990/OtherEmployeeBenefitsGrp/TotalAmt036436
IRS990/OtherExpensesGrp/Desc0Repairs and maintenance
IRS990/OtherExpensesGrp/Desc1Dues and memberships
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010013
IRS990/OtherExpensesGrp/ProgramServicesAmt049473
IRS990/OtherExpensesGrp/ProgramServicesAmt1670
IRS990/OtherExpensesGrp/TotalAmt049473
IRS990/OtherExpensesGrp/TotalAmt110683
IRS990/OtherLiabilitiesGrp/BOYAmt02314817
IRS990/OtherLiabilitiesGrp/EOYAmt01722223
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0Pension Revenue
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous
IRS990/OtherRevenueMiscGrp/ExclusionAmt0208568
IRS990/OtherRevenueMiscGrp/ExclusionAmt120295
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0208568
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt120295
IRS990/OtherRevenueTotalAmt0228863
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt030818
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0411035
IRS990/OtherSalariesAndWagesGrp/TotalAmt0441853
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04851
IRS990/PayrollTaxesGrp/ProgramServicesAmt043659
IRS990/PayrollTaxesGrp/TotalAmt048510
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt010043
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt04916
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04902
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt042092
IRS990/PensionPlanContributionsGrp/TotalAmt046994
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025550
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt025550
IRS990/PrincipalOfficerNm0Yelena Hardcopf
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Food services
IRS990/ProgramServiceRevenueGrp/Desc1Fees from patrons
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03056
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1617
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03056
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1617
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01389477
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0705067
IRS990/PYOtherRevenueAmt013103
IRS990/PYProgramServiceRevenueAmt08351
IRS990/PYRevenuesLessExpensesAmt0-290421
IRS990/PYSalariesCompEmpBnftPaidAmt0996285
IRS990/PYTotalExpensesAmt01701352
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01410931
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0155100
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03673
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
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/BookValueAmt04916
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021479
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt026395
IRS990ScheduleD/ExpensesNotReportedAmt0-175771
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01491577
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0830996
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred pension resources
IRS990ScheduleD/OtherExpensesIncludedAmt0-175771
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01107785
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1614438
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred pension resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Pension Liability
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0175771
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0175771
IRS990ScheduleD/RevenueSubtotalAmt01470906
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Charter School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. The Charter School also qualifies as a tax-exempt organization under applicable statutes of the State of Minnesota. The Charter School has evaluated and determined that there are no uncertain tax positions as of June 30, 2019. The Charter School's tax returns are subject to possible examination by the taxing authorities.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Negative pension expense reclassified as revenue 175,771.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Negative pension expense reclassified as revenue -175,771.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04916
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0830996
IRS990ScheduleD/TotalExpensesPerForm990Amt01491577
IRS990ScheduleD/TotalLiabilityAmt01722223
IRS990ScheduleD/TotalRevenuePerForm990Amt01646677
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01470906
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01315806
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/BalanceDueAmt02858
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0Gedaly Meerovich
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Start-up costs for school
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0130000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Former Director
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/TotalBalanceDueAmt02858
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/ExplanationTxt7Consulting and Other Fees: Program service expenses 151,200. Management and general expenses 59,655. Fundraising expenses 0. Total expenses 210,855.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The process has not changed since the 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 IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$980,600
Liabilities
$1,873,269
Net assets
-$892,669
Revenue
$1,646,677
Expenses
$1,491,577
Net income
$155,100
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
2019Detailed filing. Detailed filing data is available for this year.$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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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