Civic Intelligence

Minnesota Internship Center Charter School

990 • Fiscal year 2024 • EIN 38-3673618

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 26, 2024

Organization Profilewww.mnic.org
2507 Fremont Ave NMinneapolis, MN 55411

(612) 588-1449

Siviq Scores

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

Liabilities / Assets

98th percentile

1.52x

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

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

1.06x

Higher debt load relative to revenue than 85% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

50th percentile

4.3%

Higher net margin than 50% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

57th percentile

$146,113

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

4th percentile

-26%

Faster asset growth than 4% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

-16%

Faster revenue growth than 16% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$4,086,736

Down $1,407,910 (-26%) from 2023

Net Assets

Up

-$2,121,577

Up $254,870 (+11%) from 2023

Liabilities

Down

$6,208,313

Down $1,662,780 (-21%) from 2023

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin50th percentile

Revenue

Down

$5,863,823

Down $1,120,569 (-16%) from 2023

Expenses

Down

$5,608,953

Down $1,305,027 (-19%) from 2023

Net Income

Up

$254,870

Up $184,458 (+262%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $1,350,218Liabilities 2011: $772,673Net Assets 2011: $577,5452011Assets 2012: $1,446,893Liabilities 2012: $971,041Net Assets 2012: $475,8522012Assets 2013: $1,094,472Liabilities 2013: $1,000,456Net Assets 2013: $94,0162013Assets 2014: $976,787Liabilities 2014: $795,618Net Assets 2014: $181,1692014Assets 2015: $2,151,809Liabilities 2015: $2,801,692Net Assets 2015: -$649,8832015Assets 2016: $2,536,991Liabilities 2016: $2,787,391Net Assets 2016: -$250,4002016Assets 2017: $7,716,914Liabilities 2017: $9,354,769Net Assets 2017: -$1,637,8552017Assets 2018: $9,069,471Liabilities 2018: $10,592,757Net Assets 2018: -$1,523,2862018Assets 2019: $7,428,114Liabilities 2019: $8,164,764Net Assets 2019: -$736,6502019Assets 2020: $5,311,935Liabilities 2020: $7,220,363Net Assets 2020: -$1,908,4282020Assets 2021: $5,101,413Liabilities 2021: $6,414,437Net Assets 2021: -$1,313,0242021Assets 2022: $6,553,783Liabilities 2022: $9,000,642Net Assets 2022: -$2,446,8592022Assets 2023: $5,494,646Liabilities 2023: $7,871,093Net Assets 2023: -$2,376,4472023Assets 2024: $4,086,736Liabilities 2024: $6,208,313Net Assets 2024: -$2,121,5772024

Highlighted filing

2024

Assets$4,086,736
Liabilities$6,208,313
Net Assets-$2,121,577
Open 2024 Filing

Operations Trend

Revenue Growth16th percentile

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

$10M$5.0M$0-$5.0MExpenses 2011: $4,192,2242011Expenses 2012: $3,958,8302012Revenue 2013: $3,591,579Expenses 2013: $3,623,415Net Income 2013: -$31,8362013Revenue 2014: $4,068,856Expenses 2014: $3,981,703Net Income 2014: $87,1532014Revenue 2015: $4,965,503Expenses 2015: $3,961,379Net Income 2015: $1,004,1242015Revenue 2016: $5,988,968Expenses 2016: $5,704,504Net Income 2016: $284,4642016Revenue 2017: $7,298,302Expenses 2017: $7,646,778Net Income 2017: -$348,4762017Revenue 2018: $8,271,929Expenses 2018: $6,647,872Net Income 2018: $1,624,0572018Revenue 2019: $6,945,697Expenses 2019: $6,788,695Net Income 2019: $157,0022019Revenue 2020: $5,928,066Expenses 2020: $6,643,418Net Income 2020: -$715,3522020Revenue 2021: $7,335,276Expenses 2021: $6,441,803Net Income 2021: $893,4732021Revenue 2022: $7,296,882Expenses 2022: $8,724,775Net Income 2022: -$1,427,8932022Revenue 2023: $6,984,392Expenses 2023: $6,913,980Net Income 2023: $70,4122023Revenue 2024: $5,863,823Expenses 2024: $5,608,953Net Income 2024: $254,8702024

Highlighted filing

2024

Revenue$5,863,823
Expenses$5,608,953
Net Income$254,870
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 26, 2024
Return Version
2023v5.1
Gross Receipts
$5,884,742
Mission and Program Overview

Mission

The minnesota internship center partners with communities and learners to achieve academic, career, and life success.

To partner with communities and learners to achieve academic, career, and life success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,590,025$1,207,975▼ $382,050
Accounts Receivable$472,225$413,262▼ $58,963
Prepaid Expenses and Deferred Charges$142,461$145,622▲ $3,161
Land, Buildings, and Equipment, Net$83,858$63,630▼ $20,228
Total Assets$5,494,646$4,086,736▼ $1,407,910
Other Assets Total$3,206,077$2,256,247▼ $949,830
Liabilities
Other Liabilities$6,911,115$5,429,188▼ $1,481,927
Accounts Payable and Accrued Expenses$959,978$779,125▼ $180,853
Total Liabilities$7,871,093$6,208,313▼ $1,662,780
Net Assets / Fund Balance
Net Assets With Donor Restrictions$56,428$53,979▼ $2,449
Net Assets Without Donor Restrictions$-2,432,875$-2,175,556▲ $257,319
Total Net Assets Fund Balance$-2,376,447$-2,121,577▲ $254,870
Total Liabilities and Net Assets / Fund Balance$5,494,646$4,086,736▼ $1,407,910

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$63,630$186,964$250,594
Other Assets Org$1,370,611--
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Reginal WomackExecutive DirectorFT$124,705$21,408$146,113
Tracy EberleinBoard Chair/TeacherFT$101,099$18,878$119,977
Paul EatonTreasurer/TeacherFT$69,860$16,058$85,918
Aaron StinarVice-Chair/TeacherFT$65,732$15,520$81,252
Jodi GrisdaleSecretary/TeacherFT$61,322$15,149$76,471
Michael PetersonBoard Member-$1,600-$1,600
Maya HarrisBoard Member-$1,400-$1,400
Kristi PetersonBoard Member-$800-$800

Highest Paid Contractors

ContractorServicesLocationCompensation
Designs for LearningAccounting/Technology2355 Minnesota 36 W Suite 200, Roseville, MN 55113$201,437
Revenue and Support

Revenue Composition

Contributions and Grants
$5,331,380
Program Service Revenue
$0
Investment Income
$-10,055
Other Revenue
$542,498
All Other Contributions
$48,665
Change in Net Assets
$254,870

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,382,719
Revenue Not Reported on Financial Statements
$-518,896
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-518,896
Total Revenue per Audited Statements
$6,382,719
Total Revenue per Form 990
$5,863,823
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,576,375
Other Expenses$2,028,613
Grants and Similar Amounts Paid$3,965
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,830,178$373,931-$2,204,109
Depreciation Depletion$579,322--$579,322
Current Officers, Directors, Trustees, and Key Employees$425,843$87,006-$512,849
Fees for Services Other$378,196$99,948-$478,144
Other Employee Benefits$366,210$67,510-$433,720
Occupancy$245,728--$245,728
Pension Plan Contributions$185,477$37,518-$222,995
Payroll Taxes$168,073$34,629-$202,702
Fees for Services Accounting-$163,158-$163,158
Information Technology$84,806$50,106-$134,912
Fees for Services Legal-$61,695-$61,695
Other Expenses$1,040$35,100-$36,140
Insurance$34,820--$34,820
All Other Expenses$30,550$493-$31,043
Interest$28,966--$28,966
Conferences and Meetings$10,526$5,121-$15,647
Office Expenses$236$8,110-$8,346
Grants to Domestic Individuals$3,965--$3,965
Travel$996$2,421-$3,417
Total Functional Expenses$4,572,573$1,036,380$0$5,608,953

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,127,849
Expenses per Audited Statements$5,608,953
Total Expenses per Form 990$5,608,953
Expenses Not Reported on Form 990$518,896
Expenses Not Reported on Financial Statements$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net pension liability$3,585,377
Lease liabilities$1,472,147
Deferred inflow of pension resources$371,664
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 35% controlled entity
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

“The School does not have any committees that have authority to act on behalf of the governing body.”

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

“The 990 is sent to the board members prior to presenting the 990 to the board during a board meeting. The 990 is approved by the board before filing the informational return with the IRS.”

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

“The conflict of interest policy covers all School board members. It is the policy of the Charter School Board to conform with statutory conflict of interest laws and, in addition, act in a manner that will avoid any conflict of interest or the appearance thereof. The finance office gathers responses, reviews and reports to the Executive Director who shall determine if a conflict exists. Individuals determined to have a conflict of interest shall not participate in the discussion except to answer questions and shall not vote on the matter. All proceedings related to conflicts of interest are documented in the meeting minutes or as otherwise appropriate. All members are reviewed annually and required to complete and submit a written acknowledgement and disclosure.”

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

“The board determines the Executive Director's compensation when hired. In subsequent years the wage is adjusted by the same percentage of increase the entire staff receives. If an additional increase is given above what other employees receive it is reviewed by the board. The board discusses an annual performance stipend.”

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
Minnesota Internship Center
EIN
38-3673618
Phone
6125881449
Address
2507 Fremont Ave N, Minneapolis, MN 55411

Signing Officer

Name
Reginal Womack
Title
Executive Director
Phone
6125881449
Signed
2024-11-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Reginal Womack
Formed
2003
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
3
Employees
76
Volunteers
3

Preparer

Firm
Abdo LLP
Address
5201 Eden Ave Ste 250, Edina, MN 55436
Preparer
Steven D Anseth CPA
Phone
9528359090
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The process has not changed from 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. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2024, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Charter School files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are closed. No returns are currently under examination in any tax jurisdiction.”

Part XI, Line 4B - Other Adjustments:

“Negative Pension Expense Reclassed as Revenue -518,896.”

Part XII, Line 2D - Other Adjustments:

“Negative Pension Expense Reclassed as Revenue 518,896.”

Raw XML AppendixShowing 400 of 506 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/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt050106
IRS990/InformationTechnologyGrp/ProgramServicesAmt084806
IRS990/InformationTechnologyGrp/TotalAmt0134912
IRS990/InsuranceGrp/ProgramServicesAmt034820
IRS990/InsuranceGrp/TotalAmt034820
IRS990/InterestGrp/ProgramServicesAmt028966
IRS990/InterestGrp/TotalAmt028966
IRS990/InvestmentIncomeGrp/ExclusionAmt010864
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010864
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0186964
IRS990/LandBldgEquipBasisNetGrp/BOYAmt083858
IRS990/LandBldgEquipBasisNetGrp/EOYAmt063630
IRS990/LandBldgEquipCostOrOtherBssAmt0250594
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt020919
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Minnesota Internship Center partners with communities and learners to achieve academic, career, and life success.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-2376447
IRS990/NetAssetsOrFundBalancesEOYAmt0-2121577
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-20919
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-20919
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-2432875
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-2175556
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0245728
IRS990/OccupancyGrp/TotalAmt0245728
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08110
IRS990/OfficeExpensesGrp/ProgramServicesAmt0236
IRS990/OfficeExpensesGrp/TotalAmt08346
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03206077
IRS990/OtherAssetsTotalGrp/EOYAmt02256247
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt067510
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0366210
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0433720
IRS990/OtherExpensesGrp/Desc0Food
IRS990/OtherExpensesGrp/Desc1Student Travel
IRS990/OtherExpensesGrp/Desc2Supplies
IRS990/OtherExpensesGrp/Desc3Dues and Subscriptions
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0617
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19017
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt235100
IRS990/OtherExpensesGrp/ProgramServicesAmt0113633
IRS990/OtherExpensesGrp/ProgramServicesAmt146918
IRS990/OtherExpensesGrp/ProgramServicesAmt237090
IRS990/OtherExpensesGrp/ProgramServicesAmt31040
IRS990/OtherExpensesGrp/TotalAmt0114250
IRS990/OtherExpensesGrp/TotalAmt146918
IRS990/OtherExpensesGrp/TotalAmt246107
IRS990/OtherExpensesGrp/TotalAmt336140
IRS990/OtherLiabilitiesGrp/BOYAmt06911115
IRS990/OtherLiabilitiesGrp/EOYAmt05429188
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Pension Revenue
IRS990/OtherRevenueMiscGrp/ExclusionAmt0542498
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0542498
IRS990/OtherRevenueTotalAmt0542498
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0373931
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01830178
IRS990/OtherSalariesAndWagesGrp/TotalAmt02204109
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt034629
IRS990/PayrollTaxesGrp/ProgramServicesAmt0168073
IRS990/PayrollTaxesGrp/TotalAmt0202702
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt037518
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0185477
IRS990/PensionPlanContributionsGrp/TotalAmt0222995
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0142461
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0145622
IRS990/PrincipalOfficerNm0Reginal Womack
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06505099
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt039000
IRS990/PYInvestmentIncomeAmt0-14860
IRS990/PYOtherExpensesAmt02355501
IRS990/PYOtherRevenueAmt0494153
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt070412
IRS990/PYSalariesCompEmpBnftPaidAmt04519479
IRS990/PYTotalExpensesAmt06913980
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06984392
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0254870
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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/BookValueAmt063630
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0186964
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0250594
IRS990ScheduleD/ExpensesNotReportedAmt0518896
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05608953
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0885636
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11370611
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred outflow of pension resources
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Right of use asset
IRS990ScheduleD/OtherExpensesIncludedAmt0518896
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03585377
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1371664
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21472147
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net pension liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred inflow of pension resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Lease liabilities
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-518896
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-518896
IRS990ScheduleD/RevenueSubtotalAmt06382719
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. Management believes that it is not reasonably possible for any tax position benefits to increase or decrease significantly over the next 12 months. As of June 30, 2024, there were no income tax related accrued interest or penalties recognized in either the statement of financial position or the statement of activities. The Charter School files informational returns in the U.S. federal jurisdiction, and in the Minnesota state jurisdiction. U.S. federal returns and Minnesota returns for the prior three fiscal years are closed. No returns are currently under examination in any tax jurisdiction.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Negative Pension Expense Reclassed as Revenue -518,896.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Negative Pension Expense Reclassed as Revenue 518,896.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt063630
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02256247
IRS990ScheduleD/TotalExpensesPerForm990Amt05608953
IRS990ScheduleD/TotalLiabilityAmt05429188
IRS990ScheduleD/TotalRevenuePerForm990Amt05863823
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06382719
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06127849
IRS990ScheduleE/ComplianceWithRevProc7550Ind00
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/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The School's nondiscriminatory policy is communicated to potential students via the school's website and registration material. However, the nondiscriminatory policy is not located on the homepage.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The School receives Federal and State funding.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2The School's nondiscriminatory policy is communicated to potential students via the school's website and registration material. However, the nondiscriminatory policy is not located on the homepage.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Part I, Line 7
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The School does not have any committees that have authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 is sent to the board members prior to presenting the 990 to the board during a board meeting. The 990 is approved by the board before filing the informational return with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The conflict of interest policy covers all School board members. It is the policy of the Charter School Board to conform with statutory conflict of interest laws and, in addition, act in a manner that will avoid any conflict of interest or the appearance thereof. The finance office gathers responses, reviews and reports to the Executive Director who shall determine if a conflict exists. Individuals determined to have a conflict of interest shall not participate in the discussion except to answer questions and shall not vote on the matter. All proceedings related to conflicts of interest are documented in the meeting minutes or as otherwise appropriate. All members are reviewed annually and required to complete and submit a written acknowledgement and disclosure.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board determines the Executive Director's compensation when hired. In subsequent years the wage is adjusted by the same percentage of increase the entire staff receives. If an additional increase is given above what other employees receive it is reviewed by the board. The board discusses an annual performance stipend.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The School makes its governing documents, conflict of interest policy and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Minnesota Internship Center Charter School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MNIC Building Company Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0863182133
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0School Building

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,086,736
Liabilities
$6,208,313
Net assets
-$2,121,577
Revenue
$5,863,823
Expenses
$5,608,953
Net income
$254,870
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.09$6.21$2.12$5.86$5.61$0.25
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.49$7.87$2.38$6.98$6.91$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.55$9.00$2.45$7.30$8.72$1.43
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.10$6.41$1.31$7.34$6.44$0.89
2020Detailed filing. Detailed filing data is available for this year.$5.31$7.22$1.91$5.93$6.64$0.72
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.43$8.16$0.74$6.95$6.79$0.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.07$10.6$1.52$8.27$6.65$1.62
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.72$9.35$1.64$7.30$7.65$0.35
2016Detailed filing. Detailed filing data is available for this year.$2.54$2.79$0.25$5.99$5.70$0.28
2015Detailed filing. Detailed filing data is available for this year.$2.15$2.80$0.65$4.97$3.96$1.00
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.98$0.80$0.18$4.07$3.98$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$1.00$0.09$3.59$3.62$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.97$0.48$3.96
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.77$0.58$4.19