Civic Intelligence

Athlos Leadership Academy

990 • Fiscal year 2012 • EIN 41-1822009

Jul 01, 2011 to Jun 30, 2012 • Filed on Jan 24, 2013

Organization ProfileWWW.ATHLOSBROOKLYNPARK.ORG
1800 Second Street Northeast55418
Siviq Scores

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

Liabilities / Assets

84th percentile

0.71x

Higher debt load relative to assets than 84% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

75th percentile

11%

Faster asset growth than 75% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$1,786,879

Up $173,420 (+11%) from 2011

Net Assets

Up

$517,581

Up $111,285 (+27%) from 2011

Liabilities

Up

$1,269,298

Up $62,135 (+5.1%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$4,106,771

Up $50,955 (+1.3%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$20M$10M$0-$10MAssets 2011: $1,613,459Liabilities 2011: $1,207,163Net Assets 2011: $406,2962011Assets 2012: $1,786,879Liabilities 2012: $1,269,298Net Assets 2012: $517,5812012Assets 2013: $1,077,763Liabilities 2013: $588,774Net Assets 2013: $488,9892013Assets 2014: $608,609Liabilities 2014: $319,122Net Assets 2014: $289,4872014Assets 2015: $2,288,728Liabilities 2015: $3,656,372Net Assets 2015: -$1,367,6442015Assets 2016: $2,161,673Liabilities 2016: $3,268,301Net Assets 2016: -$1,106,6282016Assets 2017: $2,608,069Liabilities 2017: $5,487,079Net Assets 2017: -$2,879,0102017Assets 2018: $11,334,537Liabilities 2018: $16,330,021Net Assets 2018: -$4,995,4842018Assets 2019: $10,001,640Liabilities 2019: $13,334,685Net Assets 2019: -$3,333,0452019Assets 2020: $9,515,305Liabilities 2020: $12,971,840Net Assets 2020: -$3,456,5352020Assets 2021: $8,224,554Liabilities 2021: $11,394,106Net Assets 2021: -$3,169,5522021Assets 2022: $8,310,126Liabilities 2022: $10,370,437Net Assets 2022: -$2,060,3112022Assets 2023: $8,539,816Liabilities 2023: $9,183,113Net Assets 2023: -$643,2972023

Highlighted filing

2012

Assets$1,786,879
Liabilities$1,269,298
Net Assets$517,581
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $4,055,8162011Expenses 2012: $4,106,7712012Revenue 2013: $4,067,822Expenses 2013: $4,096,414Net Income 2013: -$28,5922013Revenue 2014: $3,581,035Expenses 2014: $3,780,537Net Income 2014: -$199,5022014Revenue 2015: $11,623,823Expenses 2015: $11,099,454Net Income 2015: $524,3692015Revenue 2016: $11,640,893Expenses 2016: $11,379,877Net Income 2016: $261,0162016Revenue 2017: $12,995,219Expenses 2017: $14,767,601Net Income 2017: -$1,772,3822017Revenue 2018: $12,295,103Expenses 2018: $14,411,577Net Income 2018: -$2,116,4742018Revenue 2019: $12,702,123Expenses 2019: $12,312,617Net Income 2019: $389,5062019Revenue 2020: $13,665,767Expenses 2020: $12,843,902Net Income 2020: $821,8652020Revenue 2021: $14,112,239Expenses 2021: $13,199,587Net Income 2021: $912,6522021Revenue 2022: $14,353,758Expenses 2022: $13,400,539Net Income 2022: $953,2192022Revenue 2023: $14,208,073Expenses 2023: $14,179,249Net Income 2023: $28,8242023

Highlighted filing

2012

Revenue-
Expenses$4,106,771
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Jan 24, 2013
Return Version
2011v1.2
Gross Receipts
$4,213,498
Mission and Program Overview

Mission

Athlos leadership academy is a pre-k through 8th grade public charter school that believes in providing students with a challenging and comprehensive high school preparatory education through high standards for academic scholarship, fitness and nutrition, character development and student leadership opportunities.

Filing and Contact Details

Filer

EIN
41-1822009
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IRS990/Description0NEW VISIONS ACADEMY IS A PRE K-8 GRADE CHARTER SCHOOL LOCATED IN NORTHEAST MINNEAPOLIS. THE ORGANIZATION'S 210 STUDENTS REFLECT THE DIVERSITY OF THE GREATER TWIN CITIES METROPOLITAN AREA. SINCE 1994, OUR TEACHERS HAVE PROVIDED STUDENTS WITH AN ACADEMIC AND SOCIAL FOUNDATION AND HAVE BEEN CHANGING LIVES BY THE INTEGRATION OF SOCIAL SKILLS, FAMILY INVOLVEMENT AND ACADEMICS.FROM OUR ALL DAY FREE KINDERGARTEN PROGRAM THROUGH EIGHTH GRADE, NEW VISIONS EDUCATES THE WHOLE CHILD THROUGH LANGUAGE ARTS, TECHNOLOGY, SCIENCE AND MATH. AS STUDENTS GROW AND DEVELOP THEY ARE NOT ONLY ENCOURAGED TO MAXIMIZE THEIR POTENTIAL AS A STUDENT BUT TO FORM LASTING FRIENDSHIPS AS THEY WORK COOPERATIVELY IN THEIR CLASSROOMS, PARTICIPATE TOGETHER IN SCHOOL ACTIVITIES AND ENGAGE IN COMMUNITY SERVICE PROJECTS.WE PROVIDE PROGRAMMING IN TITLE I, ESL, SPECIAL EDUCATION, EXTENDED DAY AND SUMMER ENRICHMENT CLASSES. MOST IMPORTANTLY, WE PROVIDE A SCHOOL CLIMATE WHERE BOTH ACADEMIC ACHIEVEMENT AND A CARING COMMUNITY ARE VALUED.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE ACADEMY IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE 501(C)(3). THE ACADEMY IS SUBJECT TO THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION 740-10 (FORMERLY KNOWN AS FASB INTERPRETATION NO. 48, ACCOUNTINGFOR UNCERTAINTY IN INCOME TAXES), WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ACADEMY HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND THE STATE JURISDICTION WHERE IT OPERATES. THE ACADEMY BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ACADEMY'S FINANCIAL CONDITION, RESULTS OF OPERATIONS, OR CASH FLOWS. ACCORDINGLY, THE ACADEMY HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2012. THE ACADEMY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY OPEN PERIODS. THE ACADEMY'S OPEN PERIODS ARE YEARS ENDED JUNE 30, 2009, 2010, AND 2011.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1CAPITALIZED EXPENDITURES 4,558.
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0THE SCHOOL DID NOT ADVERTISE DURING THE SOLICITATION PERIOD FOR FY12; HOWEVER, THE NONDISCRIMINATORY POLICIY IS MADE AVAILABLE IN BROCHURES AND HANDBOOKS.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation1NO SCHOLARSHIPS AWARDED; TUITION FREE PROGRAM.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation2THE SCHOOL RECEIVES FEDERAL AND STATE FUNDING.
IRS990ScheduleE/Form990ScheduleEPartII/Identifier0EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION
IRS990ScheduleE/Form990ScheduleEPartII/Identifier1EXPLANATION OF DOCUMENT RETENTION
IRS990ScheduleE/Form990ScheduleEPartII/Identifier2EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE
IRS990ScheduleE/Form990ScheduleEPartII/ReturnReference0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/Form990ScheduleEPartII/ReturnReference1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/Form990ScheduleEPartII/ReturnReference2SCHEDULE E, PART I, LINE 6
IRS990ScheduleE/GovernmentFinancialAidReceived01
IRS990ScheduleE/GovernmentFinancialAidRevoked00
IRS990ScheduleE/MaintCopiesOfAllSolicitations01
IRS990ScheduleE/MaintCopiesOfBrochuresEtc01
IRS990ScheduleE/MaintRacialCompositionRecords01
IRS990ScheduleE/MaintScholarshipsRecords00
IRS990ScheduleE/NondiscriminatoryPolicyStmt01
IRS990ScheduleE/PolicyPublViaBroadcastMedia01
IRS990ScheduleE/PolicyStatementInBrochuresEtc01
IRS990/ScheduleJRequired00
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction060297
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0EMPLOYMENT COMPENSATION
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson0JENNIFER ROSENKETTER
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0FORMER BOARD MEMBER/CURRENT EMPLOYEE
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues00
IRS990ScheduleO/GeneralExplanation/Explanation0BOARD MEMBERS ARE ELECTED BY A MAJORITY VOTE OF ALL ELIGIBLE VOTERS. ELIGIBLE VOTERS INCLUDE ALL STAFF MEMBERS/TEACHERS EMPLOYED BY THE SCHOOL AND ALL PARENTS OR LEGAL GUARDIANS OF CHILDREN ENROLLED IN THE SCHOOL.
IRS990ScheduleO/GeneralExplanation/Explanation1THE FORM 990 WILL BE PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation2THE SCHOOL'S CONFLICT OF INTEREST POLICY COVERS DIRECTORS, OFFICERS AND MEMBERS OF EACH COMMITTEE WITH BOARD-DELEGATED POWERS. EACH COVERED INDIVIDUAL SHALL COMPLETE AND SIGN A CONFLICT OF INTEREST POLICY ANNUAL STATEMENT AT THE TIME OF HIS OR HER INITIAL ELECTION OR APPOINTMENT AND ANNUALLY THEREAFTER. A VIOLATION OF THE SCHOOL'S POLICY RENDERS A CONTRACT VOIDABLE AT THE OPTION OF THE COMMISSIONER OR THE CHARTER SCHOOL BOARD OF DIRECTORS. A MEMBER OF THE SCHOOL'S BOARD OF DIRECTORS WHO VIOLATES THIS PROHIBITION IS INDIVIDUALLY LIABLE TO THE CHARTER SCHOOL FOR ANY DAMAGE CAUSED BY THE VIOLATION. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS RELATING TO HIS OR HER FINANCIAL INTEREST TO THE DIRECTORS OR MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE INTERESTED PERSON MUST LEAVE THE BOARD (OR COMMITTEE) MEETING WHILE THE FINANCIAL INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD (OR COMMITTEE) MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE MEETING MINUTES SHALL DOCUMENT THE NAMES OF THE PERSONS WHO DISCLOSED A RELATIONSHIP OR OTHERWISE WERE FOUND TO HAVE A CONFLICT, THE NATURE OF THE RELATIONSHIP, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT AND THE BOARD'S (OR COMMITTEE'S) DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED, BTHE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSIONS, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT AND A RECORD OF ANY VOTES TAKEN IN CONNECTION THEREWITH.
IRS990ScheduleO/GeneralExplanation/Explanation3THE COMPENSATION FOR THE SCHOOL PRINCIPAL, J. GERAGHTY INCLUDED AN APPROVAL BY THE BOARD. THE SALARY WAS DETERMINED ON A BASIS CONSISTENT WITH THE PRIOR YEAR'S SALARY AND WITHIN THE LIMITATIONS OF THE BUDGET. THE SCHOOL'S 2012 FISCAL YEAR BUDGET INCLUDED RESEARCH DATA WITH COMPENSATION INFORMATION FOR PRINCIPALS IN COMPARABLE SCHOOLS.
IRS990ScheduleO/GeneralExplanation/Explanation4NEW VISIONS ACADEMY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation5CAPITALIZED EXPENDITURES 4,558. TOTAL TO FORM 990, PART XI, LINE 5: 4,558.
IRS990ScheduleO/GeneralExplanation/Explanation6THE ORGANIZATION FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/Identifier1EXPLANATION OF METHOD OF ACCOUNTING
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART XI, LINE 5:
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART XI, LINE 1
IRS990/ScheduleORequired01
IRS990/School01
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0MN
IRS990/StatesWhereCopyOfReturnIsFiled0MN
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine101800 SECOND STREET NORTHEAST
IRS990/TheBooksAreInCareOf/AddressUS/City0MINNEAPOLIS
IRS990/TheBooksAreInCareOf/AddressUS/State0MN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode055418
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10JOANNA KOENIG
IRS990/TheBooksAreInCareOf/TelephoneNumber06127065566
IRS990/TotalAssets/BOY01613459
IRS990/TotalAssetsBOY01613459
IRS990/TotalAssets/EOY01786879

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,786,879
Liabilities
$1,269,298
Net assets
$517,581
Revenue
-
Expenses
$4,106,771
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$8.54$9.18$0.64$14.2$14.2$0.03
2022Summary only. Only limited summary data is available for this year.$8.31$10.4$2.06$14.4$13.4$0.95
2021Summary only. Only limited summary data is available for this year.$8.22$11.4$3.17$14.1$13.2$0.91
2020Summary only. Only limited summary data is available for this year.$9.52$13.0$3.46$13.7$12.8$0.82
2019Summary only. Only limited summary data is available for this year.$10.0$13.3$3.33$12.7$12.3$0.39
2018Summary only. Only limited summary data is available for this year.$11.3$16.3$5.00$12.3$14.4$2.12
2017Summary only. Only limited summary data is available for this year.$2.61$5.49$2.88$13.0$14.8$1.77
2016Summary only. Only limited summary data is available for this year.$2.16$3.27$1.11$11.6$11.4$0.26
2015Summary only. Only limited summary data is available for this year.$2.29$3.66$1.37$11.6$11.1$0.52
2014Summary only. Only limited summary data is available for this year.$0.61$0.32$0.29$3.58$3.78$0.20
2013Summary only. Only limited summary data is available for this year.$1.08$0.59$0.49$4.07$4.10$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$1.27$0.52$4.11
2011Summary only. Only limited summary data is available for this year.$1.61$1.21$0.41$4.06