Civic Intelligence

Pact Charter School

990 • Fiscal year 2017 • EIN 41-1775865

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

Organization Profilewww.pact.charter.k12.mn.us
7250 E Ramsey PkwyRamsey, MN 55303

(763) 712-4200

Siviq Scores

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

Liabilities / Assets

96th percentile

1.19x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

86th percentile

1.70x

Higher debt load relative to revenue than 86% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

11th percentile

-17%

Higher net margin than 11% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$133,630

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

98th percentile

165%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

30th percentile

-1.4%

Faster revenue growth than 30% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$10,338,910

Up $6,440,924 (+165%) from 2016

Net Assets

Down

-$1,956,951

Down $1,243,720 (-174%) from 2016

Liabilities

Up

$12,295,861

Up $7,684,644 (+167%) from 2016

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin11th percentile

Revenue

Down

$7,239,733

Down $101,798 (-1.4%) from 2016

Expenses

Up

$8,483,453

Up $1,299,842 (+18%) from 2016

Net Income

Down

-$1,243,720

Down $1,401,640 (-888%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $2,994,266Liabilities 2011: $396,570Net Assets 2011: $2,597,6962011Assets 2012: $3,353,652Liabilities 2012: $416,489Net Assets 2012: $2,937,1632012Assets 2013: $3,566,815Liabilities 2013: $488,618Net Assets 2013: $3,078,1972013Assets 2014: $3,479,610Liabilities 2014: $529,838Net Assets 2014: $2,949,7722014Assets 2015: $3,479,592Liabilities 2015: $4,350,743Net Assets 2015: -$871,1512015Assets 2016: $3,897,986Liabilities 2016: $4,611,217Net Assets 2016: -$713,2312016Assets 2017: $10,338,910Liabilities 2017: $12,295,861Net Assets 2017: -$1,956,9512017Assets 2018: $8,590,024Liabilities 2018: $11,761,685Net Assets 2018: -$3,171,6612018Assets 2019: $7,424,818Liabilities 2019: $9,104,952Net Assets 2019: -$1,680,1342019Assets 2020: $6,358,778Liabilities 2020: $8,116,050Net Assets 2020: -$1,757,2722020Assets 2021: $5,704,270Liabilities 2021: $7,254,956Net Assets 2021: -$1,550,6862021Assets 2022: $5,812,709Liabilities 2022: $6,922,025Net Assets 2022: -$1,109,3162022Assets 2023: $5,912,604Liabilities 2023: $6,107,668Net Assets 2023: -$195,0642023

Highlighted filing

2017

Assets$10,338,910
Liabilities$12,295,861
Net Assets-$1,956,951
Open 2017 Filing

Operations Trend

Revenue Growth30th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $5,325,3572011Revenue 2012: $5,961,220Expenses 2012: $5,621,753Net Income 2012: $339,4672012Expenses 2013: $6,122,9902013Revenue 2014: $6,456,676Expenses 2014: $6,585,101Net Income 2014: -$128,4252014Revenue 2015: $6,619,076Expenses 2015: $7,005,757Net Income 2015: -$386,6812015Revenue 2016: $7,341,531Expenses 2016: $7,183,611Net Income 2016: $157,9202016Revenue 2017: $7,239,733Expenses 2017: $8,483,453Net Income 2017: -$1,243,7202017Revenue 2018: $7,226,435Expenses 2018: $8,441,145Net Income 2018: -$1,214,7102018Revenue 2019: $8,663,753Expenses 2019: $7,172,226Net Income 2019: $1,491,5272019Revenue 2020: $7,543,167Expenses 2020: $7,620,305Net Income 2020: -$77,1382020Revenue 2021: $7,920,271Expenses 2021: $7,713,685Net Income 2021: $206,5862021Revenue 2022: $8,450,836Expenses 2022: $8,009,466Net Income 2022: $441,3702022Revenue 2023: $10,121,647Expenses 2023: $9,207,395Net Income 2023: $914,2522023

Highlighted filing

2017

Revenue$7,239,733
Expenses$8,483,453
Net Income-$1,243,720
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$7,239,733
Mission and Program Overview

Mission

Prepare students for college and life-long learning; promote positive character development; and pursue a community atmosphere of mutual respect.

PACT is a public school serving students in grades K through 12.Vision statement: It is the primary vision of PACT Charter School to partner together as parents, students and teachers in providing an innovative model of educational excellence for all students.Mission statement: In reaching our vision, it is the mission of PACT Charter School to: prepare students for college and life-long learning; promote positive character development; and pursue a community atmosphere.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,894,201$1,853,187▼ $41,014
Pledges and Grants Receivable$847,740$964,914▲ $117,174
Land, Buildings, and Equipment, Net$512,409$483,490▼ $28,919
Prepaid Expenses and Deferred Charges$649$24,874▲ $24,225
Accounts Receivable-$2,243-
Total Assets$3,897,986$10,338,910▲ $6,440,924
Other Assets Total$642,987$7,010,202▲ $6,367,215
Liabilities
Other Liabilities$3,988,184$11,661,964▲ $7,673,780
Accounts Payable and Accrued Expenses$622,695$633,407▲ $10,712
Deferred Revenue$338$490▲ $152
Total Liabilities$4,611,217$12,295,861▲ $7,684,644
Net Assets / Fund Balance
Unrestricted Net Assets$-713,231$-1,956,951▼ $1,243,720
Total Net Assets Fund Balance$-713,231$-1,956,951▼ $1,243,720
Total Liabilities and Net Assets / Fund Balance$3,897,986$10,338,910▲ $6,440,924

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$218,231$557,247$775,478
Leasehold Improvements$265,259$335,866$601,125
Other Assets Org$7,010,202--
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anthony SimonsExecutive DirectorFT$115,992$17,638$133,630
Pam BackowskiDirector/ TeacherFT$57,383$16,009$73,392
Mary LevyDirector/ TeacherFT$67,150$5,196$72,346
Josh ColemanDirector/ TeacherFT$46,092$11,978$58,070
Mercy TiptonDirector/ TeacherFT$35,726$10,123$45,849
Rob ReynoldsDirector/ TeacherFT$41,837$3,249$45,086
Marna LuerSecretary/ TeacherFT$36,904$2,767$39,671
Michelle BallardDirector/ TeacherFT$30,553$7,331$37,884

Board Members and Trustees

NameTitle
Craig NovakBoard Chair
Dan SpechtVice Chair
Abigail WhelanDirector
Deb HolmesDirector
Tony BarbatoDirector
Patti OlsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,825,556
Program Service Revenue
$133,095
Investment Income
$25,199
Other Revenue
$255,883
All Other Contributions
$22,968
Change in Net Assets
$-1,243,720
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,809,431
Other Expenses$2,674,022
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,429,248$442,089-$2,871,337
Pension Plan Contributions$1,461,180$231,944-$1,693,124
Occupancy$1,201,364--$1,201,364
Fees for Services Management$649,091$100,606-$749,697
Current Officers, Directors, Trustees, and Key Employees$428,708$77,220-$505,928
Other Employee Benefits$395,710$100,014-$495,724
Office Expenses$257,480$14,196-$271,676
Payroll Taxes$207,885$35,433-$243,318
Depreciation Depletion$82,285$5,351-$87,636
Information Technology$5,655$48,181-$53,836
Travel$30,847$9,301-$40,148
Insurance$32,213--$32,213
Fees for Services Legal-$30,226-$30,226
Payments to Affiliates$5,150$9,801-$14,951
Fees for Services Accounting-$5,135-$5,135
Other Expenses$1,363--$1,363
Total Functional Expenses$7,373,956$1,109,497$0$8,483,453
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$11,470,381
Deferred Pension Resources$191,583
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
Yes
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 B, line 11B

“The form 990 is prepared by an independent accountant and reviewed in detail by the organization's finance manager, board treasurer, and administrator. The final draft is made available to the board prior to filing.”

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

“Board members, committee members, and school employees sign a conflict of interest policy requiring disclosure of any potential known conflicts. This is required as conflicts come up throughout the year as well. Individuals with potential conflicts of interest shall disclose all material facts to the board of directors. Transactions where a conflict has been determined to exist may be undertaken if the interest is disclosed or known to the board of directors; the board approves, authorizes, or ratifies the action in good faith; the approval is by a majority of directors (not counting the interested person); and the action takes place at a meeting where quorum is present (not counting the interested director). All proceedings related to the conflicts of interest are documented in the meeting minutes clearly reflecting that all of the requirements of the school's conflict of interest policy have been met. Individuals that are determined to have a conflict of interest may be present for discussion and to answer questions, but may not advocate for the action to be taken and must leave the room when the vote is taken.”

Form 990, Part VI, Section B, line 15

“The Board of Directors reviews and approves all compensation.”

Form 990, Part VI, Section C, line 19

“The organization makes its documents available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
PACT Charter School
EIN
41-1775865
Phone
7637124200
Address
7250 E Ramsey Pkwy, Ramsey, MN 55303

Signing Officer

Name
Dr Emily Mertes
Title
Executive Director
Phone
7637124200
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Emily Mertes
Formed
1994
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
6
Employees
151
Volunteers
325

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 process has not changed from 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, 2017, 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.”

Raw XML AppendixShowing 400 of 525 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/Desc0PACT provides a comprehensive educational program for approximately 637 students, grades K-12. Regular school year was from August 28, 2017 - May 24, 2018; extended year summer school is available for qualifying special education students. Parents and students are looking for choices in education and like the array of programs, the small school atmosphere, the student achievement and parent involvement provided by PACT Charter School. There are currently 510 students on the enrollment waiting list.The composition of the student population is 88% Anglo American, 2.9% African American, 4.4% Hispanic American, 2.9% Asian/pacific American and 1.8% American Indian; 50% are male and 50% are female. Of our students, 13.4% are eligible for free or reduced-price meals and 15.8% received special education services.
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IRS990/Form990PartVIISectionAGrp/TitleTxt12Director/ Teacher
IRS990/Form990PartVIISectionAGrp/TitleTxt13Executive Director
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt048181
IRS990/InformationTechnologyGrp/ProgramServicesAmt05655
IRS990/InformationTechnologyGrp/TotalAmt053836
IRS990/InsuranceGrp/ProgramServicesAmt032213
IRS990/InsuranceGrp/TotalAmt032213
IRS990/InvestmentIncomeGrp/ExclusionAmt014703
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt014703
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt018
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0893113
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0512409
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0483490
IRS990/LandBldgEquipCostOrOtherBssAmt01376603
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Prepare students for college and life-long learning; promote positive character development; and pursue a community atmosphere of mutual respect.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-713231
IRS990/NetAssetsOrFundBalancesEOYAmt0-1956951
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt010496
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt010496
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01201364
IRS990/OccupancyGrp/TotalAmt01201364
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt014196
IRS990/OfficeExpensesGrp/ProgramServicesAmt0257480
IRS990/OfficeExpensesGrp/TotalAmt0271676
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0642987
IRS990/OtherAssetsTotalGrp/EOYAmt07010202
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0100014
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0395710
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0495724
IRS990/OtherExpensesGrp/Desc0Equipment
IRS990/OtherExpensesGrp/Desc1Miscellaneous
IRS990/OtherExpensesGrp/Desc2Repair and Maintenance
IRS990/OtherExpensesGrp/Desc3Other Expenses
IRS990/OtherExpensesGrp/ProgramServicesAmt094133
IRS990/OtherExpensesGrp/ProgramServicesAmt156250
IRS990/OtherExpensesGrp/ProgramServicesAmt235394
IRS990/OtherExpensesGrp/ProgramServicesAmt31363
IRS990/OtherExpensesGrp/TotalAmt094133
IRS990/OtherExpensesGrp/TotalAmt156250
IRS990/OtherExpensesGrp/TotalAmt235394
IRS990/OtherExpensesGrp/TotalAmt31363
IRS990/OtherLiabilitiesGrp/BOYAmt03988184
IRS990/OtherLiabilitiesGrp/EOYAmt011661964
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/Desc1Insurance Recovery
IRS990/OtherRevenueMiscGrp/ExclusionAmt0155883
IRS990/OtherRevenueMiscGrp/ExclusionAmt1100000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0155883
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1100000
IRS990/OtherRevenueTotalAmt0255883
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0442089
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02429248
IRS990/OtherSalariesAndWagesGrp/TotalAmt02871337
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt09801
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt05150
IRS990/PaymentsToAffiliatesGrp/TotalAmt014951
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt035433
IRS990/PayrollTaxesGrp/ProgramServicesAmt0207885
IRS990/PayrollTaxesGrp/TotalAmt0243318
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0231944
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01461180
IRS990/PensionPlanContributionsGrp/TotalAmt01693124
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0847740
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0964914
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0649
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024874
IRS990/PrincipalOfficerNm0Dr Emily Mertes
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1722210
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0Fees From Patrons
IRS990/ProgramServiceRevenueGrp/Desc1Food Services
IRS990/ProgramServiceRevenueGrp/Desc2Student Activities
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt069271
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt155702
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt28122
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt069271
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt155702
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28122
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06882402
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015745
IRS990/PYOtherExpensesAmt02701949
IRS990/PYOtherRevenueAmt058575
IRS990/PYProgramServiceRevenueAmt0384809
IRS990/PYRevenuesLessExpensesAmt0157920
IRS990/PYSalariesCompEmpBnftPaidAmt04481662
IRS990/PYTotalExpensesAmt07183611
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07341531
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1243720
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0133095
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/BookValueAmt0218231
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0557247
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0775478
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0265259
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0335866
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0601125
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07010202
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Pension Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011470381
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1191583
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Pension Resources
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, 2017, 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/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0483490
IRS990ScheduleD/TotalBookValueOtherAssetsAmt07010202
IRS990ScheduleD/TotalLiabilityAmt011661964
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/ExplanationTxt0Publicity brochures and the School's website explain the School's non-discriminatory policy.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The School received federal and state funding.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 6 - Explaination of Government Financial Aid
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The form 990 is prepared by an independent accountant and reviewed in detail by the organization's finance manager, board treasurer, and administrator. The final draft is made available to the board prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members, committee members, and school employees sign a conflict of interest policy requiring disclosure of any potential known conflicts. This is required as conflicts come up throughout the year as well. Individuals with potential conflicts of interest shall disclose all material facts to the board of directors. Transactions where a conflict has been determined to exist may be undertaken if the interest is disclosed or known to the board of directors; the board approves, authorizes, or ratifies the action in good faith; the approval is by a majority of directors (not counting the interested person); and the action takes place at a meeting where quorum is present (not counting the interested director). All proceedings related to the conflicts of interest are documented in the meeting minutes clearly reflecting that all of the requirements of the school's conflict of interest policy have been met. Individuals that are determined to have a conflict of interest may be present for discussion and to answer questions, but may not advocate for the action to be taken and must leave the room when the vote is taken.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors reviews and approves all compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization makes its documents available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The process has not changed from prior year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00

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
$10,338,910
Liabilities
$12,295,861
Net assets
-$1,956,951
Revenue
$7,239,733
Expenses
$8,483,453
Net income
-$1,243,720
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$5.91$6.11$0.20$10.1$9.21$0.91
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.81$6.92$1.11$8.45$8.01$0.44
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.70$7.25$1.55$7.92$7.71$0.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.36$8.12$1.76$7.54$7.62$0.08
2019Summary only. Only limited summary data is available for this year.$7.42$9.10$1.68$8.66$7.17$1.49
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.59$11.8$3.17$7.23$8.44$1.21
2017Detailed filing. Detailed filing data is available for this year.$10.3$12.3$1.96$7.24$8.48$1.24
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.90$4.61$0.71$7.34$7.18$0.16
2015Detailed filing. Detailed filing data is available for this year.$3.48$4.35$0.87$6.62$7.01$0.39
2014Detailed filing. Detailed filing data is available for this year.$3.48$0.53$2.95$6.46$6.59$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.57$0.49$3.08$6.12
2012Summary only. Only limited summary data is available for this year.$3.35$0.42$2.94$5.96$5.62$0.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.99$0.40$2.60$5.33