Civic Intelligence

Chesterton Academy

990 • Fiscal year 2016 • EIN 38-3773629

Jul 01, 2015 to Jun 30, 2016 • Filed on Dec 16, 2016

Organization ProfileWWW.CHESTERTONACADEMY.ORG
5300 France Avenue SouthEdina, MN 55410

(952) 378-1779

Siviq Scores

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

Liabilities / Assets

50th percentile

0.10x

Higher debt load relative to assets than 50% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

35th percentile

0.05x

Higher debt load relative to revenue than 35% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

27th percentile

-6.3%

Higher net margin than 27% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

69th percentile

$100,000

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

11th percentile

-11%

Faster asset growth than 11% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

50th percentile

2.9%

Faster revenue growth than 50% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets50th percentile

Assets

Down

$719,208

Down $92,363 (-11%) from 2015

Net Assets

Down

$648,484

Down $93,757 (-13%) from 2015

Liabilities

Up

$70,724

Up $1,394 (+2.0%) from 2015

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin27th percentile

Revenue

Up

$1,479,064

Up $41,425 (+2.9%) from 2015

Expenses

Up

$1,572,820

Up $359,972 (+30%) from 2015

Net Income

Down

-$93,756

Down $318,547 (-142%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$3.0M$2.0M$1.0M$0Assets 2012: $230,574Liabilities 2012: $0Net Assets 2012: $230,5742012Assets 2013: $272,995Liabilities 2013: $6,357Net Assets 2013: $266,6382013Assets 2014: $587,822Liabilities 2014: $70,372Net Assets 2014: $517,4502014Assets 2015: $811,571Liabilities 2015: $69,330Net Assets 2015: $742,2412015Assets 2016: $719,208Liabilities 2016: $70,724Net Assets 2016: $648,4842016Assets 2017: $874,036Liabilities 2017: $95,032Net Assets 2017: $779,0042017Assets 2018: $948,894Liabilities 2018: $121,986Net Assets 2018: $826,9082018Assets 2019: $1,046,717Liabilities 2019: $174,269Net Assets 2019: $872,4482019Assets 2020: $1,091,856Liabilities 2020: $316,387Net Assets 2020: $775,4692020Assets 2021: $1,239,311Liabilities 2021: $92,171Net Assets 2021: $1,147,1402021Assets 2022: $1,492,407Liabilities 2022: $72,988Net Assets 2022: $1,419,4192022Assets 2023: $2,826,314Liabilities 2023: $165,811Net Assets 2023: $2,660,5032023

Highlighted filing

2016

Assets$719,208
Liabilities$70,724
Net Assets$648,484
Open 2016 Filing

Operations Trend

Revenue Growth50th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $647,751Expenses 2012: $599,385Net Income 2012: $48,3662012Revenue 2013: $727,005Expenses 2013: $690,942Net Income 2013: $36,0632013Revenue 2014: $1,114,406Expenses 2014: $973,519Net Income 2014: $140,8872014Revenue 2015: $1,437,639Expenses 2015: $1,212,848Net Income 2015: $224,7912015Revenue 2016: $1,479,064Expenses 2016: $1,572,820Net Income 2016: -$93,7562016Revenue 2017: $1,878,747Expenses 2017: $1,748,227Net Income 2017: $130,5202017Revenue 2018: $1,878,161Expenses 2018: $1,830,257Net Income 2018: $47,9042018Revenue 2019: $2,148,420Expenses 2019: $2,102,880Net Income 2019: $45,5402019Revenue 2020: $1,884,843Expenses 2020: $1,981,822Net Income 2020: -$96,9792020Revenue 2021: $2,178,504Expenses 2021: $1,827,033Net Income 2021: $351,4712021Revenue 2022: $2,430,966Expenses 2022: $2,086,480Net Income 2022: $344,4862022Revenue 2023: $3,551,488Expenses 2023: $2,372,529Net Income 2023: $1,178,9592023

Highlighted filing

2016

Revenue$1,479,064
Expenses$1,572,820
Net Income-$93,756
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 16, 2016
Return Version
2015v2.1
Gross Receipts
$1,551,775
Mission and Program Overview

Mission

The purpose of chesterton academy is to nurture the minds and the souls of our children through an integrated education. We believe that all truths are related to the central truth of the incarnation, crucifixion, and the resurrection of jesus christ. Faith and reason do not contradict one another, nor are they to be segregated from one another. Through the study of art, music, literature, language, history, math, science, philosophy and religion, we want to prepare our children to think both rationally and creatively, to defend their faith, to contribute positively to society and to promote a culture of life.

Pro-family independent catholic high school offering an integrated college preparatory classical curriculum.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$357,782$486,716▲ $128,934
Cash and Non-Interest-Bearing Accounts$230,385$157,952▼ $72,433
Pledges and Grants Receivable$187,450$28,200▼ $159,250
Prepaid Expenses and Deferred Charges$5,000$26,305▲ $21,305
Accounts Receivable$10,446$15,981▲ $5,535
Land, Buildings, and Equipment, Net$6,069$3,952▼ $2,117
Investments in Publicly Traded Securities$14,438$102▼ $14,336
Total Assets$811,570$719,208▼ $92,362
Liabilities
Deferred Revenue$56,613$61,734▲ $5,121
Accounts Payable and Accrued Expenses$12,717$8,990▼ $3,727
Total Liabilities$69,330$70,724▲ $1,394
Net Assets / Fund Balance
Unrestricted Net Assets$613,090$592,334▼ $20,756
Temporarily Rstr Net Assets$129,150$56,150▼ $73,000
Total Net Assets Fund Balance$742,240$648,484▼ $93,756
Total Liabilities and Net Assets / Fund Balance$811,570$719,208▼ $92,362

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,952$13,329$17,281
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Dave BeskarEx-officio, Superintendent, HeadmasterFT$100,000$100,000
Michael John NiemannEx-officio, HeadmasterFT$79,971$79,971
Emily De RotsteinEx-officio, Executive DirectorFT$50,000$50,000

Board Members and Trustees

NameTitle
Richard VigilanteDirector, Chairman
Mark CulhaneDirector, Vice Chair
Casey ScottDirector
Jay WardDirector
Judy SheaDirector
Patrick GaughanDirector
Tizoc RosalesDirector
Dale AhlquistDirector, Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$279,096
Program Service Revenue
$1,112,998
Investment Income
$3,198
Other Revenue
$83,772
All Other Contributions
$93,651
Change in Net Assets
$-93,756

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,213,179
Revenue Not Reported on Financial Statements
$265,885
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$265,885
Total Revenue per Audited Statements
$1,213,179
Total Revenue per Form 990
$1,479,064
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$944,251
Other Expenses$362,684
Grants and Similar Amounts Paid$265,885
Total Fundraising Expense$51,420
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$555,174$79,659-$634,833
Grants to Domestic Individuals$265,885--$265,885
Current Officers, Directors, Trustees, and Key Employees$141,153$67,500$32,500$241,153
Occupancy$147,555$7,368$3,849$158,772
Payroll Taxes$54,265$11,468$2,532$68,265
Advertising$12,938-$8,440$21,378
Office Expenses$12,001$7,954$560$20,515
Travel$17,550$185-$17,735
Fees for Services Accounting-$10,806-$10,806
Insurance$8,150$1,722$380$10,252
Fees for Services Other$4,010$2,596$2,874$9,480
Other Expenses$2,340$1,690$110$4,140
Information Technology$2,057$435$96$2,588
Depreciation Depletion$1,683$356$79$2,118
Total Functional Expenses$1,314,261$207,139$51,420$1,572,820

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,572,820
Expenses per Audited Statements$1,306,935
Total Expenses per Audited Statements$1,306,935
Expenses Not Reported on Financial Statements$265,885
Other Expense Adjustments$265,885
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$121,953
Fundraising Direct Expenses$60,212
Gaming Gross Income$34,530
Gaming Direct Expenses$12,499
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$307,398$121,953$8,227$113,726
Total Events$307,398$121,953$60,212$61,741
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7B

“Any action taken by the board of directors as set forth in the by-laws shall not be effective until approved in writing by the archbishop of the archdiocese of saint paul and minneapolis.”

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

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

Form 990, Part VI, Section B, Line 11

“A full copy of the form 990 is reviewed by the board of directors prior to the filing of the return.”

Form 990, Part VI, Section B, Line 12

“The chesterton academy board works to ensure that board members, faculty, and staff avoid placing themselves in positions in which their personal interests are, or may be, in conflict with the interests of the school. Where a potential conflict of interest exists, it is the responsibility of the person involved or any other person with knowledge to notify the board of circumstances resulting in the potential conflict so that the board can review the information and take action as it shall deem appropriate. This review shall be documented within the board's meeting minutes.”

Form 990, Part VI, Section B, Line 15

“During the budgeting process in january of each academic year, the headmaster and executive director submit a proposed budget for school operations including salaries. The budget is reviewed first by the finance committee and then reviewed and approved by the full board. Recommendations are based in part on benchmark data from national organizations of private and independent catholic schools. Approval of the budget is recorded in board meeting minutes; staff reviews are conducted in executive session. Officers who receive compensation are non-voting, ex-officio members of the board, and therefore do not vote on their own salaries or attend executive session deliberations. This is an annual process and was last conducted in january 2016.”

Form 990, Part VI, Section C, Line 19

“Governing documents and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Chesterton Academy
EIN
38-3773629
Phone
9523781779
Address
5300 FRANCE AVENUE SOUTH, EDINA, MN 55410

Signing Officer

Name
Richard Vigilante
Title
Chairman
Phone
9523781779
Signed
2016-12-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Vigilante
Formed
2008
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
30
Volunteers
60

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 SOUTH SIXTH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Sarah Reichling
Phone
6123764500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The internal revenue service has determined the school is exempt from federal income tax under section 501(c)(3) of the internal revenue code. The school is also exempt from state income taxes. However, any unrelated business income may be subject to taxation. In accordance with the accounting standard on accounting for uncertainty in income taxes, the school addresses the determination of whether tax benefits claimed on a tax return should be recorded in the financial statements. Under this guidance, the school may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merit of the position. Examples of tax positions include the tax-exempt status of the school and various positions related to the potential sources of unrelated business taxable income. There were no significant unrecognized tax benefits identified or recorded as liabilities during fiscal year 2016.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“FINANCIAL AID 265,885.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“FINANCIAL AID 265,885.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt8EX-OFFICIO, HEADMASTER
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03198
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt014438
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0102
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt01
IRS990/LandBldgEquipAccumDeprecAmt013329
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06069
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03952
IRS990/LandBldgEquipCostOrOtherBssAmt017281
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PURPOSE OF CHESTERTON ACADEMY IS TO NURTURE THE MINDS AND THE SOULS OF OUR CHILDREN THROUGH AN INTEGRATED EDUCATION. WE BELIEVE THAT ALL TRUTHS ARE RELATED TO THE CENTRAL TRUTH OF THE INCARNATIO, CRUCIFIXION, AND THE RESURRECTION OF JESUS CHRIST. FAITH AND REASON DO NOT CONTRADICT ONE ANOTHER, NOR ARE THEY TO BE SEGREGATED FROM ONE ANOTHER. THROUGH THE STUDY OF ART, MUSIC, LITERATURE, LANGUAGE, HISTORY, MATH, SCIENCE, PHILOSOPHY, AND RELIGION, WE WANT TO PREPARE OUR CHILDREN TO THINK BOTH RATIONALLY AND CREATIVELY, TO DEFEND THEIR FAITH, TO CONTRIBUTE POSITIVELY TO SOCIETY AND TO PROMOTE A CULTURE OF LIFE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0742240
IRS990/NetAssetsOrFundBalancesEOYAmt0648484
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt061741
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt061741
IRS990/NetIncomeFromGamingGrp/ExclusionAmt022031
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt022031
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt03849
IRS990/OccupancyGrp/ManagementAndGeneralAmt07368
IRS990/OccupancyGrp/ProgramServicesAmt0147555
IRS990/OccupancyGrp/TotalAmt0158772
IRS990/OfficeExpensesGrp/FundraisingAmt0560
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07954
IRS990/OfficeExpensesGrp/ProgramServicesAmt012001
IRS990/OfficeExpensesGrp/TotalAmt020515
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0STUDENT ACTIVITES
IRS990/OtherExpensesGrp/Desc1BAD DEBT
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt0110
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt015400
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11690
IRS990/OtherExpensesGrp/ProgramServicesAmt089500
IRS990/OtherExpensesGrp/ProgramServicesAmt12340
IRS990/OtherExpensesGrp/TotalAmt089500
IRS990/OtherExpensesGrp/TotalAmt115400
IRS990/OtherExpensesGrp/TotalAmt24140
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt079659
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0555174
IRS990/OtherSalariesAndWagesGrp/TotalAmt0634833
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02532
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011468
IRS990/PayrollTaxesGrp/ProgramServicesAmt054265
IRS990/PayrollTaxesGrp/TotalAmt068265
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0187450
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt028200
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026305
IRS990/PrincipalOfficerNm0RICHARD VIGILANTE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0INSTRUCTIONAL/TUITION
IRS990/ProgramServiceRevenueGrp/Desc1SCHOOL ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01017000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt195998
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01017000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt195998
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0512684
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0214792
IRS990/PYInvestmentIncomeAmt02547
IRS990/PYOtherExpensesAmt0247941
IRS990/PYOtherRevenueAmt057266
IRS990/PYProgramServiceRevenueAmt0865142
IRS990/PYRevenuesLessExpensesAmt0224791
IRS990/PYSalariesCompEmpBnftPaidAmt0750115
IRS990/PYTotalExpensesAmt01212848
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01437639
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-93756
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01112998
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0357782
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0486716
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/BookValueAmt03952
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013329
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017281
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0265885
IRS990ScheduleD/ExpensesSubtotalAmt01306935
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt0265885
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0265885
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0265885
IRS990ScheduleD/RevenueSubtotalAmt01213179
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE HAS DETERMINED THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE SCHOOL IS ALSO EXEMPT FROM STATE INCOME TAXES. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. IN ACCORDANCE WITH THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE SCHOOL ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE SCHOOL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERIT OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE SCHOOL AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME. THERE WERE NO SIGNIFICANT UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES DURING FISCAL YEAR 2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FINANCIAL AID 265,885.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FINANCIAL AID 265,885.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03952
IRS990ScheduleD/TotalExpensesPerForm990Amt01572820
IRS990ScheduleD/TotalRevenuePerForm990Amt01479064
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01213179
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01306935
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/ExplanationTxt0THE NON-DISCRIMINATION POLICY IS AVAILABLE TO THE PUBLIC ON THE CLIENT'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL IS REIMBURSED BY THE MINNESOTA DEPARTMENT OF EDUCATION FOR EXPENDITURES INCURRED IN PROVIDING PUPILS TEXTBOOKS, STANDARDIZED TESTS, AND INDIVIDUAL INSTRUCTIONAL MATERIALS, PUPIL HEALTH SERVICES, AND SECONDARY PUPIL GUIDANCE AND COUNSELING SERVICES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleG/CharitableDistributionRqrInd00
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0185445
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0185445
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt060212
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt02950
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt02950
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt049035
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt049035
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0307398
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0307398
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0121953
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0121953
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt061741
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt08227
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt08227
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt00
IRS990ScheduleG/GamingInformationGrp/CashPrizesOtherGamingAmt07500
IRS990ScheduleG/GamingInformationGrp/CashPrizesTotalGamingAmt07500
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt012499
IRS990ScheduleG/GamingInformationGrp/GrossRevenueOtherGamingAmt034530
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt034530
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt022031
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesOtherGamingAmt04999
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesTotalGamingAmt04999
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd00
IRS990ScheduleG/GamingOtherFacilityPct01.00000
IRS990ScheduleG/GamingOwnFacilityPct00.00000
IRS990ScheduleG/GamingWithNonmembersInd01
IRS990ScheduleG/LicensedInd01
IRS990ScheduleG/LicenseSuspendedEtcInd00
IRS990ScheduleG/MemberOfOtherEntityInd00
IRS990ScheduleG/PersonsWithBooksName/BusinessNameLine1Txt0EMILY DE ROTSTEIN
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt05300 FRANCE AVE SO
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0EDINA
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0MN
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd055410

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$719,208
Liabilities
$70,724
Net assets
$648,484
Revenue
$1,479,064
Expenses
$1,572,820
Net income
-$93,756
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.83$0.17$2.66$3.55$2.37$1.18
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.49$0.07$1.42$2.43$2.09$0.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.09$1.15$2.18$1.83$0.35
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.32$0.78$1.88$1.98$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.17$0.87$2.15$2.10$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.12$0.83$1.88$1.83$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.10$0.78$1.88$1.75$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.72$0.07$0.65$1.48$1.57$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$0.07$0.74$1.44$1.21$0.22
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.07$0.52$1.11$0.97$0.14
2013Summary only. Only limited summary data is available for this year.$0.27$0.01$0.27$0.73$0.69$0.04
2012Summary only. Only limited summary data is available for this year.$0.23$0.00$0.23$0.65$0.60$0.05